DULLNESS IN WOOL TRADE

Taranaki Daily News, 9 June 1931, Page 7

DULLNESS IN WOOL TRADE

USERS AWAITING LOWER PRICES. ENGLISH CONDITIONS REVIEWED. ' W By Telegraph—Press Assn.—Copyright. London, June 7. “Without any desire to be otherwise than helpful and to take a broad view of the outlook, it cannot be ignored that reports from most of the wool centres are discouraging,” states Mr. Devereaux, representative of the Australian wool growers in Agngland. “Trade is very dull. The general fall in the prices of both raw and semi-manufactured wool and the easier markets made it increasingly difficult to sell either wool tops or yarns. Users are holding aloof in the expectation of still lower prices. The principal topic in Yorkshire is the 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 now being marketed makes the position more difficult. Business in tops and yarns favours buyers and the continuance of the strike at Roubaix and Iburcoing has practically put business at a etandstill.”