BRITAIN PAYS TRIBUTE.

Timaru Herald, Volume XCVIII, 16 May 1925, Page 9

BRITAIN PAYS TRIBUTE.

Memorial Service at Abbey.

BELIEVED WORST HAS PASSED. By Cable—Press Association —Copyright. Australian and N.Z, Cable Associatlou (Received May 15, 7.60 p.m.) LONDON, May 14. Messrs H. Dawson and Coy’s revieAv of the Avooi sales, after dealing Avith the factors Avhich led to the slump, says: “As far as merinos are concerned, indications are that the ret has been checked for the time being. Continental stocks are loav, and American are lower than for years, while Yorkshire stocks now give cause for anxiety. The crossbred " position has brightened considerably. Heavy expensive holdings in Yorkshire are mostly Avith strong holders, who ii willing, can afford to cut their losses and encourage quick return to business. The principal remaining cause of anxiety is temporary financial stringency, but it is hardly conceivable that a financial impasse Avill develop now for there is every sign that the Avorst trouble is past. The turn of the wheel, though painful to some, is bound to favour the trading and consuming sections of the community, and pave the Avay for healthy prosperous business on the present basis.