OUR YORKSHIRE LETTER.
THE FALL IN PRICES. (By our Special Correspondent.) . BR ADFORD, March 6. As every reader knows, since last October prices have fallen rather seriously, and this is bound to effect a large number of New Zealand sheep breeders whoso last clip is yet to sell. It is very unfortunate that this has happened, for 12 mouths ago it looked,as if values would not relapse seriously for a long time to come. But the fact is confidence is lost the wide world over, and nothing but fear and temerity occupies mens' minds. It is simply the backward swing of the pendulum, and this re-action is the after effects of three years boom. Cross-bred wools to-day are at a very useable price, but no doubt the trade in every manufacturing country
is suffering acutely from heavy loses entailed upon tho largo purchases at Australasian selling centres, the Cape, and ’Buenos Ayres. However, tho sooner tho bottom is touched tho better it will bo. In tlio meantime man-' ufneturers seem to think that prices now being so reasonable will create a demand in itself, but wo are not jikdy to see this just yet, and confidence will have to return before there is anv material improvement.
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Bibliographic details
Gisborne Times, Volume XXVI, Issue 2166, 15 April 1908, Page 1
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206OUR YORKSHIRE LETTER. Gisborne Times, Volume XXVI, Issue 2166, 15 April 1908, Page 1
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