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Wairarapa Times-Age, 11 May 1938, Page 3

The main thing that will weigh with growers when deciding whether to sell or hold is the price. If wool is too cheap they will not sell unless they have to. The point, therefore, is, what is cheap wool? If the manufacturer cannot find a market for his product, he can hardly be expected to admit that he has purchased cheap raw material, no matter how low the price may be. According to reports received in Dunedin from sources of undoubted reliability, many manufacturers in Britain, France and America have been obliged to lower their limits of recent months to make up for losses suffered because of purchases at higher rates earlier in the season. It is reported that trade has fallen away seriously and that it is becoming increasingly difficult to pass on made up goods at a reasonable margin of profit. The textile industry has had many setbacks, it is claimed, and these setbacks are the cause of weakness in the raw material markets. It is possible, however, that lower prices will stimulate the demand and it may be that at any time now improved selling conditions will be experienced. It is doubtful, however, whether that is sufficient excuse for a policy of holding wool.