British Wool Sales Still On High Level

Chronicle (Levin), 1 February 1949, Page 5

British Wool Sales Still On High Level

Tfeeeived Monilay, 7 p.m. LONDON, Jan. 31. The Loinlon wool saies which opened ia-t week, gave full endorsenient lo nii rent priees 'in the Dominion market s and revealcd a e.ontinned healthv ii-m,." and overseas demand for wool ui -.11 tjntililies, states the I nternationat Wool Seeretariat speeial news service. AU Australian wools were quoted lirui '■iniijuired with the Liverpool saies eariier in Jaiiuary and South Afric.iii Me.rino eomliings were a fraetion dearer tnan ai Li\erpool but priees were com- ! :u;ible for similar qualities of Australiaii and South Af'rieau wool. New Zea!and gretisy niedium crossbreds were pur 1o 5 jier eent. eheaper than some oi 'he e\trenie priees paid at Liverpool b it seoured crossbreds were 5 per cent. dearer and slipes lt) per cent. dearer. Lxeeptional priees were paid for uieiisy crossbreds at Liverpool a fev '■ erks ago when iirnts were waiting t'o" i i",\ season arrivals from New Zealand t-iit prrsent jiriees are a full endorse'oeiit of the New Zealand market and •tie relatively more than etiji be ntade for eorresponding tops in Yorkshire. Bradford is taking most of the wool in London as Yorkshire marhinery oi*t i\ ity eontinues to exceed the rats; "f the comrnereial iniportation of wool ;-ud leaves a gap to be bridged from >pot market supplies. Kealising this laetor, tiie .Toint Organisation has inerettsed its olfenngs from stock for the pi'cseiit London saies and the totai '■aialogue of 1-10,0(10 bales ineludes niore than loo.ooo bales of .Toint Organisation wools. These include a small proportion of good style wools but la'rgely eoniprise inl'erior sorts of which the . Joint Organisation stoek lic.re is now prineipally coniposed. These seeondary type wools are meeting a real need, however. Bradford is buying burry eombiugs as good stvJe leai wools lH'come inereasinglv within the retieh of only tliose iirms doing the highest qiialitv work.