THE WOOL TRADE

Otago Daily Times, Issue 21258, 12 February 1931, Page 9

THE WOOL TRADE

PROSPECTS OF REVIVAL. PRICE FIXATION OPPOSED. (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, February 10. (Received Feb. 11, at 5.5 p.m.) “The second half of 1931 will see better trade in wool,” said Mr Maurice Dnbrullo, president of the International Wool Textile Organisation, when interviewed at Bradford. “ Stocks of finished articles are low, and there are signs that women will demand more woollen goods, to the detriment of artificial silk, shoddy, and cotton. The prices of wool have come to a ridiculously low level, which does not pay the farmer, and it is evident that if this continues the farmers will he entitled to cut down their flocks. If this happens the industry will be starved for supplies of raw material when the trade revives. I am convinced that there is room for a little advance in prices. The International Wool Textile Organisation is opposed to any form of price fixation or the suspension of sales.”