WOOL POSITION’. LONDON. May 12. The Yorkshire “ Post’s” Bradford correspondent says the curtailment of tin- sales has lifted a load oil the market, the manufacturers tearing that a continuity of the sales would cause a further decline in prices and with then financial resources locked up in heavy stocks they stood aloof: thus the position of the consumption end ot the trade was made to appear worse than it ac tually is. This was all the result of a lack of confidence in wool values. Nobody now disputes that there was no wool famine, Really it was the recognition of this fact which caused the recent decline in values. As uneconomical j,s the. extreme was the reverse experience in November a good many.millions were lost in the first halt ot the season, necessitating assistance m either financing or the carrying, over of stocks to the second half. LONDON, May 12.
The growers are now carrying a surplus hut it will he fatal if the growers yield to outsiders with a taste for war time control. If values can he established on the present Oasis for a period, business in tops, yarns and piece goods which have so far been held hack, will soon he placed more freely. Already the tone is more cheer!ill.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19250513.2.27
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 13 May 1925, Page 3
Word count
Tapeke kupu
213Untitled Hokitika Guardian, 13 May 1925, Page 3
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in