WOOL TRADE FUTURE
MANY WITH /ISIONS OF A BOOM. London, Oct. 29. “Many have visions of another boom but the wool trade hopes to avoid booms,
which are invariably followed by periods of reaction, losses and dislocation of trade,” says Dalgety’s wool trade review, referring to the outlook for the industry. “Seasonal influences point to reduced production and trade indications are towards increased mill activity. This does not necessarily indicate a boom period. “Now that artificial fibre production is so highly developed the masses are
not in a position to pay high prices for clothing and while preferring pure .wool products will assuredly be content with substitutes when it is necessary to cheapen costs. “The main cause of optimism is the indication that prices will be on more remunerative bases and. that the depression levels are not so likely to prevail.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19351031.2.101.4
Bibliographic details
Taranaki Daily News, 31 October 1935, Page 9
Word Count
141WOOL TRADE FUTURE Taranaki Daily News, 31 October 1935, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in