LONDON WOOL SALES

Chronicle (Levin), 28 September 1946, Page 5

LONDON WOOL SALES

Received Friday, 7 p.m. LOXDOX, Sept. 27. The wool saies coiitinued today witli an offering of 25,293 bales all of which were sold. The catalogue included 15,722 bales from Xew Zealand and 05 12 from Australia. Although European buyers were well in the market, Bradford secured the larger proportion. Superior wools were strongly in demand but ordinary topmaking greasy Merinos and crossbreds were easier. The Yorkshire Post's Bradford correspondent says substantial American liuyiug coinmissions for the London wool saies were eaiicelied beeause of regulations imposed 011 AmOrican iiu[lorters which made it virtually impossible for the United States industry to operate on the. British and Do.minioi) markets at current price levels. The regulations allow manufacturers to import at any price they care to pav but they must consunie the wool themselves and produce clothes under the oificial ceilings which are too' low to permit tlie use of Dominion wool at current prices. Steps may be taken to clarify the position and point out the clitficulties whereunder the American industry labours under the regulations.