OUTLOOK FOR WOOL.
LITEST HEWS
TRADERS EVINCE CONFIDENCE. BASIS FOR SOUND BUSINESS. (Australian and N.Z. Cable Assn.) (Received March 15, 8..'>0 a.m.) LONDON, March 13. "Wool traders appear well satisfied willi the course of Ihe London wool sales as indicating confidence hi Ihe present level of values, but it is pointed out that this nionlh is a critical one. as half-a-million bales will be offered in London and Australia in March, which is a huge quantity lo lift under present conditions. The Economist's Bradford correspondent lakes a hopeful view, and says that unless something quite unforeseen happens Ihere should be n steady expansion of business. For months past manufacturers and spinners have been working on hand-lo-moulh lines in Ihe belior that values would not hold. There is now a disposition lo accept the current level as a sound basis of legitimate trade, and to look further ahead.
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Bibliographic details
Waikato Times, Volume 100, Issue 16748, 15 March 1926, Page 5
Word Count
147OUTLOOK FOR WOOL. Waikato Times, Volume 100, Issue 16748, 15 March 1926, Page 5
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