THE WOOL OUTLOOK.

Wairarapa Age, 25 March 1929, Page 5

THE WOOL OUTLOOK.

VIEWS OF THE LONDON TRADE. SOME HOPEFUL SIGNS. (Received Sunday, 5.5 p.m.) LONDON, 23. Discussing the wool outlook, H. Dawson & Sons write: “At the present moment stability of prices would appear to be dependent on the financial ability of the trade to carry the stocks of wool already purchased without sacrificing values, or, what is more desirable, on a genuine revival of demand at the piece goods end of the industry. More trade is the primary need, but unfortunately vital economic factors have but a limited scope in which to operate in present complex and difficult conditions, for it goes without saying that cheaper money, cheaper goods for the community, and a cheaper cost of production, with fewer barriers and more free intertrading between nations, are necessary factors in an all-round revival of trade. .Taking a general and wider view, although the outlook is not very bright, there are a few hopeful signs. The season in overseas markets is approaching its close and excessive supplies will not now provide a source of weakness. Our home markets show improving confidence. Thanks to the cheaper level of values and comparatively light stocks, manufacturers are providing attractive goods at remarkably favourable values, and although new business is not yet plentiful, there is a better tone and more hopeful prospects in the home trade. The most satisfactory feature is that there is a generally prevalent feeling that merinos have reached a safe level.—(Australian Press Association.)