The Archive · 1922

America Still Buying Wool: Good Tea Sales

Tune '24.

The market this week was again somewhat featureless, which, perhaps, should not be altogether surprising, considering that it is the dull season, but here and there optimists have been found who declare that they have done quite well. A gap in the demand is usually met with about now, for there are details of settlement which invariably mean a tightening of the money market, whilst farmers are all out in the fields, busy with their crops, and have no time to consider the secondary matter of obtaining new clothes and suchlike. This meant that, though there was plenty of confidence, importers and piece goods men encountered a less brisk demand. Exporters had another dull week and did not expect anything else. but it was relieved by the continued American demand for wool.

Text read from the printed page and cleaned; old type leaves the occasional error.

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