WOOL MARKET
TREND OF PRICES. PROBLEM OF SUBSTITUTES. BRITISH POSITION ANALYSED. (United Press Association—By Electric Telegraph.—Copyright.) Received February 1, 10.25 a.m. LONDON. Jan. 31. The Financial Times says that the trend of wool prices has done nothing toreassure pastoralists that the current recession of demand is only a seasonal or market movement. The Financial Times, in a lengthy statement, analyses the development of wool substitutes to which the rising prices of wool two years ago contributed. It draws attention to the use of staple fibre for military and 'civil requirements in Italy, Germany and Japan, and says that wool is no longer in an unassailable position. Its use instead of cheaper fabrics is definitely challenged, though it will retain supremacy in higher class goods. LONDON SALE. A SLOWER DEMAND. Received February 1 12.55 p.m. LONDON, Jan. 31. At the wool sales 6990 bales were offered, including 1959 from New Zealand; 4415 were sold. There was a fair selection and a slower demand. Best Merinos were largely withdrawn, the prices of which were in buyers’ favour. There was a keen demand for crossbreds at current rates.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS19380201.2.75
Bibliographic details
Manawatu Standard, Volume LVIII, Issue 54, 1 February 1938, Page 7
Word Count
185WOOL MARKET Manawatu Standard, Volume LVIII, Issue 54, 1 February 1938, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Standard. 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in