Might be why wool prices were going up, too.
The industry has suffered from a lowering demand for natural fibres, and a decrease in wool prices worldwide.
Unfortunately, due to falling wool prices and a general state of depression in the colony, John became bankrupt in 1843.
But the move has come after a series of blows, including poor livestock sales and lower wool prices.
With wool prices at a 25-year high, I should keep a closer eye on it.
Across the board, suits will cost about 20 to 40 percent more this fall, mainly because of unfavorable exchange rates and higher wool prices.
He conceded, though, that the increase included a price rise to cover an October labor-rate increase and higher wool prices.
The most influential region internationally is that of Patagonia, which has been the first to rebound from the fall in wool prices.
The panic was also caused by low wool prices and the cessation of transportation.
Unfortunately, the worldwide depression that began in 1929 sent wool prices tumbling.