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Taranaki Daily News, 21 March 1934, Page 6

In the opinion of Mr. R. J. Pye, an Australian wool buyer and sheep farmer, who arrived from Sydney by the Wanganella, the price obtained for wool is the only’factor that has given an improved tone to general conditions in Australia, says a Nelson paper. Although there had been an advance in wool pricey he said, the surprising thing was that woollen goods had not increased greatly in price in the Sydney shops. That was. contrary to everybody’s expectations, including even the retail traders. It appeared that the wholesale dealers had refused to advance the prices. z