NOT BRIGHT.
PROSPECTS FOR WOOL. DISCOURAGING REPORTS. United Press Assn.—Elec. Tel. Copyright. (Received June 8, 9.30 a.m.) LONDON, June 7. Mr Deveroaux report? that without a desire to he otherwise than hopeful, and to take a broad view of the outlook, it cannot be ignored that reports from most of the wool centres are discouraging. Trado is very dull, with a general fall in prices of both raw and semi-manufactured wools. The easier markets make it increasingly difficult to sell either wool, tops or yarns, as users are holding aloof in the expectation of still lower prices. The principal topic In Yorkshire is the possibility of labour troublos owing to the necessity of reducing wages to bring manufacturing cost? more Into lino with competitors. The British clip is now being marketed and this makes the position more, difficult. Business in tops and -yarns favours buyers and 'the continuance of the Roubnix and Tourcoing strike has practically put business at a standstill.
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Waikato Times, Volume 109, Issue 18349, 8 June 1931, Page 7
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161NOT BRIGHT. Waikato Times, Volume 109, Issue 18349, 8 June 1931, Page 7
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