Yorkshire Short Of Combing Wools

Chronicle (Levin), 8 June 1948, Page 7

Yorkshire Short Of Combing Wools

Rece-xverl Monday, 7 p.m. LONDON, June 7. With Doufiuiou vooi ruarkets lirmer again and the London wool saies con cluding this weekend at tl^e highest point of the sorieSj the Bradford top market is dearer once moi'e- and gn in ereasing nuinber of firnxs lind theui selves unable to quote, Btates the Inter national Wood Seeret'ariat special news service. There is relatively a consider ible gap between tlxe eost of Mcrino combing wool at auction ■ and prico;isked for corresponding tops. Fast ns he latter have nxoved forward in recent, weeks, they fail to keep paee with wool. If Bradford tops were quote-1 loday strietly in line with currcut woo! costs, the former would be sevoral penee per pound more than is generally pioted. In the spot market — as in the Dominions — Russia, Poltxnd and other Easi. 'luropean countries are buving at price.,1'hich other countries find it difficult to >qual but both Bradford and Franee .ire verv active in ' London this weck and buying Meriro combing woois at auch the highest prices seen tliis season. Both Australian and Sout'h Afri•an Merino combings with any pretonions to style and quality, are eagerly ought and there is no doubt that de* aved Australian arrivals — resulting rom labour troubles at Commonwealtli torts — tiro one reason why competition i'or spot wool is so keen.

It is doubtful if Yorkshire has oyef >een so iightiy stocked in good combing vools at this stage of the year when • areliouses should bc well lilled xo tridge the perxod before new elip woolsan begin to. arrive. Yorkshire has lought more Alerino wool this season hau for maixy years past but emphasis is stili on Alex'ino wool and tlxe surprisng feature is tliat tlxe bxg rise so far een in these syx'ts, has not yet divertoo icre demand to erossbred qualities. Yorkshire still has substantial Merino i'OuI requirements to fill and commerciai nformation here encourages the beliei hat the rnitexl Ktates may shortly lind t necessary to display more interest in ■mported Merino wools for the purposes of her defence programme. It is difficult to qxxote the Bradford op market in clearly uelined prices this .veek as iixdiviiluaLquotations vary acording to whether firms hold cheaper ; >ought wool from which they can otTcr o sell tops. Uenerall.v top quotations are unchanged coxnpared with las; week.