WOOL MARKETS QUIET
EFFECT OF FINANCIAL CRISIS. TENDENCY TO MARK TIME. By Telegraph—Press Assn. —Copyright. London, August 23. The representative of the Australian Wool Council, Mr; Devereux, reports I that under the influence of the holidays and the effect of 'the general economic position now under consideration by the , Cabinet, the wool markets in most, centres are quiet. There is a general desire to mark time pending developments,' and,there have been few private sale transactions at Bradford in wools for export to America. Sales of tops to Germany during the fortnight have been small. Prices have slightly eased, but this is always the quietest month of the year and, in view of the present financial stringency in Germany, nothing else could be expected.
In France the financial restrictions have caused some trouble. Combers were very.busy but prices of tops are somewhat easier. Spinners are well employed on old contracts; but new business is scarce. The markets at" Antwerp and Roubaix display' weakness. Under pressure to sell, mainly on French account, prices have shown a further decline.
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Taranaki Daily News, 25 August 1931, Page 11
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176WOOL MARKETS QUIET Taranaki Daily News, 25 August 1931, Page 11
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