THE WOOL TRADE.
LONDON OPINION. LOW PRICES MAY HELP SALES. LONDON, September 22. Discussing the decline in the wool prices the "Economiste's" correspondent writes that consolation may be found in the fact that the lower prices will be conducive to increased consumption. Values are now at a really cheap and attractive level and a return of confidence in the basis is alone necessary' It the general public could participate in the benefits of cheap wool by being able to buy clothing at a correspondingly r-easonable price, the textile industry would soon experience a vry big improvement. If a profitabl outlet for wool cannot be found at current prices, it is a poor lookout for the colonial wool trade.
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Auckland Star, Volume LX, Issue 225, 23 September 1929, Page 4
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118THE WOOL TRADE. Auckland Star, Volume LX, Issue 225, 23 September 1929, Page 4
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