WOOL SLUMP
AT LONDON SALES.
(United Press Association—By Electric Telegraph.—Copyright.)
LONDON, January 24
Ibe wool suits were continued with a good selection. Competition was dun, and was largely conuned to lorksnire buyers. lucre was apparent a growing reluctance among the
•Svi.ers to accept the curn lit values, and consequently there were large with ctrawais. i Imre has been a daily drop m iatues m the Loudon sales, and this lias disorganised all of the. markets, .'so little is the business ‘done, that the quotations are regarded largely as nominal.
The whole trade, both buying and selling has had a rude shock, from which it has not yet recovered. All are now readjusting their ideas, and are formulating decisions to govern 1 Lit lire actions and policies. The wool sales next week should witness the establishment of a new basis, with possibly renewed and increased confidence.
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Hokitika Guardian, 26 January 1931, Page 5
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145WOOL SLUMP Hokitika Guardian, 26 January 1931, Page 5
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