Many Orders On Hand In British Mills

Chronicle (Levin), 6 January 1948, Page 5

Many Orders On Hand In British Mills

(R2.P.A,

— Reuter

Gcxpyright )

Recei'ved Monday, 9 p.m. LONDON, Jan. b. Tlie Bradford market opened the new year on -a good note with the miil output expanding and 010111 orders on hanu whicli ensure several months' activity ; at the highest possible level. The ontlook for Dominion wool is regarded as f-avourable for although Britain has bought substantially thus •rar, .there is little wool stock in trade nands which is not already sold as tops br yams. British importing firnis nee'd to continue wool buving for trade already assured in the months aheact. Wool stocks are being turned over "more - rapidly than at 'any'tiiiie' siiiee the war • •lnd' it is officially estimated that Britain is lising wool textile raw iiiaterials a't the rate of 12,000,000 pouiuls Wniglil weekly which inclndes nearly 5,000, OOn pounds weekly of Dominion Merrho wool and tha apprd^imafe ■ equivafem amount of crossbred wool. The international outlool^f for wool commerce is also regarded favourably, . states the International Wool Seere-. tariat news service. One black spot is the temporary suspension of wool and wool textile imports by the Netherlands i Government until her foreign exchange positiofi iniproves, this being the lirst complete embargo of its kind. The new Aiiglo-Govlet trade treaty, however, promises iricreased facilities for Russian purchases of Dominion Wool ano the trade here expects that Russian detnand 5 will centre eliiefly on London anb Bradford as part of the reciprcccal trade arrangements with the United Kingdom. There is also improved prospect, of the commereial exports of wool +> Gernmny for German domestic use although the importing of sueh wool into Gormany is still "administered by tlie joint British- Anieriean Control Authority. Bradford top market quotations arc firmly maintained in anticipation of « strong resumption of Dominion wool auetions.