TRADE IN WOOLLENS

Taranaki Daily News, 24 February 1931, Page 7

TRADE IN WOOLLENS

PRICES STIMULATE DEMAND.

In 1913, state Messrs. Winchcombe, Carson and Co., Sydney, English topmakers sold nearly 50 per cent, more tops than they did in 1030, at prices about 25 per cent, higher than recent figures. The lack of trade experienced, particularly in the latter half of 1930, was not due to the high cost of wool, tops, yarns or fabrics. It resulted from the complete want of confidence from the woolbuyer right down to the retail purchaser. The latter even has been justified in waiting to buy, for the cost of goods lias come down. Indigo serge can now be bought in Yorkshire at half the figure ruling a few years ago.

Italy, a report states, is offering woollen goods in the shops at prices 25 per cent, lower than those asked at the close of 1929. Reductions of that extent must sooner or lat<?r stimulate trade. In the United States prices for clothing have been much reduced. “We consider it would be foolish to be carried away by the recent advance in wool prices. It is a most favourable development, and it should instil confidence into consumers throughout the world. An upward turn in values was overdue, but for the ultimate stability of the wool industry w would rather see prices build up gradually and solidly than experience 40 abnormal upward rush in rates.”