THE WOOL INDUSTRY
MR DEVEREAUX’S REVIEW TRADE DULL AT PRESENT (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, June 7. Mr Devereaux, Australian wool representative, reports as follows: —“ Without a desire to be otherwise than hopeful and to take a broad view of the outlook, it cannot be ignored that the reports from most of the wool centres are discouraging. Trade is very dull. The general fall in prices, both for raw and semi-manufac-tured wool, and easier markets make it increasingly difficult to sell either wool tops or yarns. Users are holding aloof in the expectation of still lower prices. The principal topic is the Yorkshire possibility of labour troubles owing to the necessity of reducing wages to bring manufacturing costs more into line with those of competitors. The British clip which is now being marketed makes the position more difficult. Business in tops and yarns favours buyers. The continuance of the Roubaix and To'urcoing strike has practically put business at a standstill.”
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Otago Daily Times, Issue 21356, 9 June 1931, Page 7
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162THE WOOL INDUSTRY Otago Daily Times, Issue 21356, 9 June 1931, Page 7
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