PROSPECTS REVIEWED
THE OBTLOOK- FOR WOOL. NO SERIOUS DECLINE. (jfustralian and N.Z. Cable Association.'! LONDON, Jan. 2. Discussing the wool outlook the ScTnvartze Buchanan Co. writes:— "The values of raw material to-day are more in accordance with the value of the finished article than they havo been.for seme considerable time, so that with wool on the present basis, there should b« no likelihood of any serious decline, and though possibly prices may be affected in the early part of the year f by the uncertainty of-the franc, the position in Fiance will probably recover later in the year. Fashion still tends towards ... fine goods, and the present vogue of stockingette costumes made of merino or fine crossbred wool, seems to havo displaced the former vogue for coarse knitted goods. Thus the outlook for medium and *oarse crossbreds is not clear. They look distinctly cheap; certainly they cannot be very remunerative Sto the grower. Still, there is no sign of any improved demand for these styles, though by their very cheapness they may attract increased attention and create a new outlet."
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Bibliographic details
Poverty Bay Herald, Volume LIII, Issue 16230, 3 January 1927, Page 2
Word Count
180PROSPECTS REVIEWED Poverty Bay Herald, Volume LIII, Issue 16230, 3 January 1927, Page 2
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