DEMAND FOR WOOL
OUTLOOK AFTER LONDON SALES ONLY SLIGHT REDUCTION IN VALUES. STRENGTH OF CROSSBREDS A FEATURE. (Received This Day, 9.55 a.m.) London, March 31. “Wool probably has suffered less than any commodity these anxious days,” state Messrs H. Dawson and Co., commenting on the outlook after the London sales. “The slightness of the reduction in values is remarkable and indicates confidence which must be supported by optimism on the part both of consumers and distributors. The outstanding feature of the London sales has been the strength of crossbreds, particularly the lowest grades, owing to smaller arrivals. There is no sign of increased consumption and the Yorkshire mills continue to operate on 'a reduced scale. Nevertheless, it is difficult to imagine that Merinos can decline much further in view of the low average greasy price growers are now receiving.”
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Wairarapa Times-Age, 1 April 1938, Page 9
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139DEMAND FOR WOOL Wairarapa Times-Age, 1 April 1938, Page 9
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