WOOL IS NOT DEAR IN TERMS OF GOLD
•The dark and uncertain international outlook is of course exercising a steadying tendency on undue optimism, and manufacturers, who have been caught before, are ' nervous as to what the position will be when armament programraes have' been completed. Wool, however, is not dear in terms of gold, standing in depreciated steiHing at approximately £17 per bale - and there seems no reason why our present satisfactory hasis of values should not he at least maintained. Much higher prices would he dangerous, leading immediately to substitution and it would he greatly to the disadvantage of producers if values skyrocketed to 1924-25 absurdities. We hope, therefore, to look forward to a season in which we shall receive fully as much for our wool as we did in 1936-37 hut not to one in which a mad scramb'le will produce prices most acceptable at the moment but most unsettling for the future. — Pyne, ■Gould, Guinness, Ltd., Annual Wool Review.
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https://paperspast.natlib.govt.nz/newspapers/HBHETR19371015.2.131.19
Bibliographic details
Hawke's Bay Herald-Tribune, Volume 81, Issue 19, 15 October 1937, Page 21 (Supplement)
Word Count
163WOOL IS NOT DEAR IN TERMS OF GOLD Hawke's Bay Herald-Tribune, Volume 81, Issue 19, 15 October 1937, Page 21 (Supplement)
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