THE WOOL SITUATION

Waikato Times, Volume 107, Issue 17986, 3 April 1930, Page 9

THE WOOL SITUATION

REMEDY ADVOCATED. REDUCE RETAIL PRICES. In their report on the Wanganui wool sale, Messrs Levin and Co., Ltd., stated : “The March sales in London opened on March 18 with a fall, of a full penny ail round, which, through the series to dale, remains about the same. Raalisations at the London January sales were poor and unsatisfactory, and a further fall of Id makes heavy losses, not only for the grower who has shipped, but for the buying trade who have been operating at the Nov-ernber-Februarv sales here. "In fact, the constant fall is no good to anyone unless the retail end reduce their selling prices and get cheap woollens into consumption promptly, and thus bring about a better demand. While the average cost of food in. Great Britain above prewar is 50 per cent, and clothing ranges 115 per cent higher, there is strong evidence as to where the blockade against increased consumption of wool is occurring." Commenting on the prices realised at the same sale, Messrs Dalgcly and Co., Ltd., say:—“Wc can hardly look for any pronounced rise in the near future, but we think that the rates now ruling for wool can hardly go mu oh iowets”