WOOL SALES.

Rangitikei Advocate and Manawatu Argus, Volume XLV, Issue 12091, 28 June 1920, Page 5

WOOL SALES.

United Press Association,— By Electric Telegraph—Copyright LONDON, June 26. As only 11,000 bales of wool were sold out of 30.000 on the first day of the Liverpool sales, the second day was abandoned. Yorkshire traders consider the outlook disquieting. They estimate that the Government will still have 1,000,000 bales on hand at Che end of the year, instead of the original estimate of 530,000. Traders say that while the immediate cause ot the restricted demand is the falling market, and consequent instability or trade, the real cause is the political situation in Central and Eastern Europe. Until these countries settle down, the demand must continue poor, as other countries have now an ample supply.