Wool In Britain On Firm Note

Chronicle (Levin), 4 January 1949, Page 5

Wool In Britain On Firm Note

(N.Z.P.A.-

—Reuier

, Copvright)

Reeeived Monday, 7 p.m. LONDON, Jan. 3. The wool and top markets in Britain elosed the year on a firm note, state* the International Wool Secretariai speeial news service. There was a good demand for spot wool of all kinds' aml ]»ri vatelv held supplies are cliang-, ing hands at priees equal to the best of recent weeks while Dominion houses able to olfer supplies tlirough Yorkshire agents, ean do business at prices in line with Decemlier auction closing priees. Manv large consumers are tcsting both Australian and Soutli Afriean suppliers in seareh of the best possible imying prices, but 110 one will sell in ■intie.ipat.ion of eheaper wool in the New Year. Britain opens the New 'Year with relatively small stoeks of commercially held eombing wools although clothing tvpes are in somewhat better supply. Ordinarv eommercial caution may compel firms to buv wool only against foieseeable requirements and avoid carrying heavy stocks at today's priees, but Britain 's wool eonsumptiou remains heavy and active buying against delinite needs is assured.