Publisher's Synopsis
Excerpt from World Wool Prospects, Vol. 30: September 30, 1930
The rate of activity in the wool market during August failed to be maintained at the high level that was reached during the last week in July, according to Russell L. Burrus of the Boston Wool Office of tee Bureau of Agricultural Economics. The volume of wool moving began to decrease in the first week of August and continued to decline until the middle of the month after which trading continued fairly steady with the business very uneven ly distributed among the various wool houses. This trend.was largely season al in character but the dullness of thc_market was accentuated by the fact that consumption of wool was considerably below normal, on the whole, and manufacturers would buy raw wool only when they had booked orders for goods or semi-manufactured products. Vacations in the mills tended to slow uo consumption. An unsettled goods market delayed resumption of mill activity.
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