THE WOOL MARKET.
AN IMPROVED TONE,
SIGNS OF STABLE VALUES.
By Telegraph.—Pres><j Assn —Copyright. Received May 6, 8.20 p.m. London, May 5. The wool trade views the continued firmness of prices at to-day’s sales hopefully. Recent experiences have taught the wisdom of caution, but apparently Bradford, whose stocks of raw material are low, feels it can now buy with confidence. The Bradford trade has been waiting for some indications of stable values, and is inclined to believe that the time has now arrived, though it refuses to prophesy. A notable feature of the present series of sales is the Continental competition, especially German. It is pointed out that the Germans earlier in the year lacked confidence, fearing a bad reception. Those fears have now been dissipated, their competiton having greatly assisted to improve the tone of the market.—Aus. and N.Z. Cable Assn.
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Taranaki Daily News, 7 May 1921, Page 5
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142THE WOOL MARKET. Taranaki Daily News, 7 May 1921, Page 5
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