THE WOOL MARKET
REMARKABLY STEADY y BIQ DEMAND FROM CONTINENT COMPETITION OF SUBSTITUTES Baited Press Ann Elec. Tel. Copyright (Received Mav 28. l p.m.) LONDON. May 27 Wool, despite the scarcity of new business in tops yarns, keeps remarkably steady. Unsold stocks are so light that many firms are buying ahead. Even more important has been the heavy purchasing from the Continent. The present comparatively low values for wool has encouraged countries like Italy and Germany to operate more extensively. German import figures, which are by far the largest for any season since 1933-4, show an increase of 50 per cent over last season. The fact that Italy and Germany are eoming into the market now that values are easier confirms Bradford's belief that their reliance on synthetic fibres has been one of necessity rather than choice, and that modestly priced wool has nothing to fear from the competition of substitutes.
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Waikato Times, Volume 122, Issue 20510, 28 May 1938, Page 9
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151THE WOOL MARKET Waikato Times, Volume 122, Issue 20510, 28 May 1938, Page 9
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