THE WOOL SLUMP.
THE DECLINE IN AMERICA, EFFECT ON LEATHER INDUSTRY. By Tthmpfe.—Press Asm.—Copyrll&t. Received Nov. 1, H) pjn. New York, Oct. 31. The Federal reserve banking system lias issued a statement to the effect Mat representative dealers agree that /the prices of standard grades of wool 'wave declined since May 1 36 to 40 per ! teent. Woollen yarn spinners received practically so orders, although September and October are usually the busiest jfcnonths. The tiffs are variously reportled as operating from 10 to 80 per cent. Capacity, some being enjoyed running IBS back orders. Tfc» uncertainty regarding yarn price* Jand the lack of orders helps to explain The existing situation in the shoe leather industry. Reports show curHailed operations, and in some cases shut-downs.—Aus.-N.Z. Cssfe 'Assn.
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Taranaki Daily News, 2 November 1920, Page 5
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126THE WOOL SLUMP. Taranaki Daily News, 2 November 1920, Page 5
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