Wool Sale At Bradford

Chronicle (Levin), 21 November 1946, Page 7

Wool Sale At Bradford

Press Assn.-

i ' By Te'leyraph

■Copy right

Iteceived Wednesday t p.m. | LONBON, Nov. 19. j Approximale.lv £1,500, QOO woi'th of ! wool wa# sold in oue and a half koura : during a one-day sale at Bradford. Thi's | is elaimed as a world, record. - I pompetition was very strong with t-he ! Home trade seouring 70 per cent.. of the i oll'eritigs which were entirelv of greasy wool, comprising 38,000 baies of Aus j tralian", and .12,000 Bouth African. The j highest price seeured was 28 id per Ib. i for Australian 64/10 topmaking, broken ! nccks and piee'es. ! A message from New Yorlc states that I Lhe Philadelphia corresp'ondent of the | textile journal Daily News Kecord says j that although the wool market is fairly ; stagnant at present, market sources find | stronger i'nterest in foreign wools which 1 lately they have largely overlooked ow- , ing to the high prices. Several sections . of the market are showing interest in ! New Zealand wools, particularlv eross- ; breds, with attention also focusod on ! choice Cape wools. j Wool men stress that medium cross- ! bred wools c-an be obtained on foreign niarkets at eonsiderably below the prei sent domestie basis for thoir equivalents. For instance, of New Zealand ; quarter-bred wools, dealers, despite the ' current price levels, indicate that many mills would still rather pav flve cents ; per ponnd more to ontain wools such as Australian choice warp. Leacling sources | point out that Bradford is preparing to place more wool on the market and believe that Britain is trying to liold down I the soaring prices in the world markets.