VALUES STILL TEND UPWARDS

Dominion, Volume 2, Issue 503, 10 May 1909, Page 8

VALUES STILL TEND UPWARDS

•V ■'■'-': ■'£'.K\. '£,■■'*!■ iw ;V; London, v Maroh ; 2s^-'" comiug.'to(a.'close,-an'dbe-iiore.-mahy: hours'hence the. second series will be ;a : 'thing bf,th&Vpast.; r This has been, another ;gl6rious(;week Wool: Ex-' ' (change,':";,and ...every,- description.'.'is Selling' in ■fayonr of-ths/grower.'i.The.week's business has Been, 'characterised, by; extremely, keen competi(tion, .the' .onslaught'being 'greater,' .with'.'more spirit.iand'"tone than-we have ''seen' since'the memorable times'of .October, 1807. last. Monday > saw .several':new..faces'; turn np .'for- the .first timo. this : series, .these' iavih'g'stopped : away in'the'hope !of.;seeing\a slack'finish. This, additional>buying''',power. ; has had the ". effect' 'cf. ifurtte:''stiffening' values all round, with .the result"that merinos:are -now fully 10 per cent. ;over;thetolose-lastrJaiuary,fine'Crossbreds are. 10' to 15 per;;cent.;.h)gher,;medium, descriptions' 10, /and ..coarse .qualities have -now (fully.( re-;, , ,'obvered! the'weakness {of last week,.and: aro.Jd:' ; dearer/.thanVlast series.'; Such -results'as?these . xlea'rly.'.iiidicaterthe.strong.;.market;that"•■■there' ■. •is,■':.and; everythingi ;up ; with rare .. avidity.''Greasy/meriios are selling iufrto'lid;' : .per.lb.," and 1 croibredAfor;America;are making, np;.tb.;isd.,;and it;is.simply useless,for.'a.man . values. ;Con3ider^/ : tbit^tbjs>is;/tto : dbSng'.'-)we'ek ; \of (the'seriesi'-.th'ecataloßu'es.have.cbntaihed. some' really.wbdvwbols,'.and:-withdrawn lots'are even;, ;fewer.:Mai;at.;any; : previbus;part of the. sorles. '. .Tib'-Gbntme"utal.',seotibnVcbntinues'tb : operate . .on'.a;very,large scale/ahd>as had a.gobd.deal ; :tb;db;fn : lifting;pfices.>;Bo,th'.the-German:end ; ' :iErench/s«ctions. , n'ever.,Beein, choked;.but ,'are '.■bu^np;sUU , 'as'.'fredy!;aa'.they.:ciid.tKe':first!.weok. America.ih'as;;bbngnt: on}:a ..liberal ' scale,-<and takeh^quite 'as iB' r thV:Benes;ViThe''Ho"tneUVad6 a has Bconih the. and("thisfweek .;Tprkshirb(topmakers 'haVeibought mbroexten'sively. ;,tjian ; they fcdid; [.'earlier,';';■ Taking the [ Mries;as'.'a:'whole,:a'splehdid';tim6.has been.experienced,: and; the, .sales(are.finishing with at',the'',highestpointVof 'the: Eefiesi.!'The. :roomys • 6till- : a;(Orow'd«d-one; 'ana : the'r e ; are:;no : .signs.'.'.w.K.ateyir.i'of. dragging. '; (.'.Terhapsil jCannbtNdV.'betterV' as -the ' ] ■ .prbgiess of»Wol': values,'than "give(a(few. con _- : prete':examples-':-tßelbwfare'.the. same - 'clips -of ■ : wobL:which were'- offered'" at•:the January.series and (again 'thisweekz/Svith' 'thedollowing- differ-' •.'.£;. ",' \\'-;..;, 0 ; ;Wool). ; ,''>■ ,y;.K::,:;W: J :.':;v v v;*(:'(:.,;. '(,;;";.: :,.;'• Jan.' March/ :i!•^ : =^W:':;*^■^.*:v^*:vs^•!;;^;V:'; l 'a.:"■■;:•a; ( 'i% Greasy,, A,.combing 'hoggets' ;.'..5. : . 11 '-.y. Mai-.-j;' ~:.;Greasy'"A,s'combißg::ewes:'..'•...:;..'lo' •■•'•,. 11 ,'■■.-. :/;:Greasy.:B,'yCombing : ;....v...'V.'.V.,;'„.; 1 ., : BJV , 10J'' :broken^:y;.;...^..;;..^;;...^' ! , 8| -;...'io'•'•; ( 8i ' ' 9J ".--. Vi;.;,.,',.-..;;.: ;<-i2 :V : 13.:;-: j-(Gifeasy Ait comb'irig : :::,....v_:,.i.:'.V.U il ■:': , '•'■: 12J>: '-'Greasy,B;!combing^..;;;;..;....;;.'': 10J:' JUprj.Grea^yi;'pieces', '.';. : ;.:ivW:.._'.. r ....;'... Y,BJ' : . 94'-: ;,'v^reasy;.B,\pieces^.;.V..^i;..;.i;...;..;o/7| ; ,; gj;. ..?'§ r « as y..'-fine- combing ..v' io'■ '■ : ':lH., •■Greasy.Vfirie.halfbred combing ... 11' ::13 *'/ .- fireasy,yfine'.crossbred;comljing.:loj ; ■ 'II bid :'. Greasy,', fine.-J-bredcombing '-..„ .9 ' ; IOV-'. ~: Greasy, .J-bred' combink- ..'.......... '8J : :. 9 ■■■■- ■'.:■ Greasy, .crossbred: combing ..'..;.'.-.. '7J • > jiv ':.: Greasy, crossbred'.combing /....'..;.; 71 ■'. : :£■. : ::,:,Greasy,v'Lincbln.;Com j bing.-y.:....v..-' -7J\ 7};: i- .Greasy, : first .brossbred'.;piece3ii..'''6k ' 6J : '.'.Greasy, second Crossbred,.pieces' ■'« :".'•kl,."'-. ,;; i «reasy,:,crpssbred bellies 6J : ' ?'Bt%- i iDviNCED.' ■ : -- '■$,',) :;^ %-??§W«ss v |?; ' LPPW I< # ,™. d -' S ( ffi r y>, ( the past .weekj/a;gqo.djdeal>bf trade ha'3'.beetf aohb'-' It is ■many,, I year S ;,-sinc6: ; spinriers;.ahd-topm\ikers • did suchiavlarge volume of business''as; during the' ; .and.':iwhen: expeots'Hhat 'a: ; weok :; :of; activity imust- be, fbllowed' by *noriod' ,• of .quietnegs,-. etiually (asi-Wg-i a'.; turibver % :the^secbnd : series of<LbndoW |. n 6ales:,comm6n3ed'; r there.-have : been ..very :iarßO «^^>%<-W><>V' ; topa,!-:ahd; yarns/-- vefy obtains; There is no doubt that the.continued advance:jri:lon'don,-togethcr with ;the-great'activity': soon.:has:,imparted:'.to r the whole of;..tte;.'..West .Hiding: ; a much'' -needed' I .stimulus,.business: has -moved; in ia 'much, more «aW„,way,',and;tWe:has been-much;anticipai' ivtoy;;buying.;';->Thb,;big'v;bogy:>of:.,prospective' ! .higher* prices;;has(.'Undoubtedly.'; influenced; a W.-vW,,™ causedvthom"'to.bny for:months ~ahead;, and,it now,remains to,bb seen how far ' <nro^ l ., i noM .'.■?'"•-' Jastify; their, action'. - At -presiftit.thereUs.no dearth.of stboks.'there be-..rng-:not .an; able-bodied; woolsorteri-o'ut'of' employment m Bradford.. Consumption is at the maximum at. the woolcombihg tnd of the trade ■ x ■' m, 6 - ; no "slackening m,' the demand for ..tops. .This:'is as satisfactory':a'.feature as any with the: lnoyemont'in London; and there is no -.'.doubt > that; both, among wool men and topmaker3'a / ,very'. comfortable .feeling .obtains..'As a result.of the'largo sales of tops durihg the/past fortnight, all: quotations havo been i advanced,;;and -super ,60's''.tops are, to-day: ■mbstly.'qhotcd at: 25Sd.,;and. Cl's<2s4d.' 'but' 1 think it (is yet possible to buy. (comfortably at' even moneyj,in.fabt, more than one standard .maka'r(,were'still ".willing.'to'scll at.2sd.- and 26d.'.respeotiyely last.Monday.'; Suoh prices are not,.warranted -by;London;iTint socmingly so long -as "cheaper v imports last: out,: topmaktre .arewilling -to(. give their, customers the benefit..t.Thb.f apt, is, some' firms; are 'not quoting 'at all, .'.haying': dorio.: quite:. as'much (business: as' .they(want...:Lowgcrrissbrods are';nothing near. ;sb ; : ; active::!is -medium',, and :fine dualities, and sbm'e'ibig,cbntracts(for;-fature:,dolivory have beeh.agreed.u,pdn., Spinners', are.better off; for ;work; and tlierocertamly'isinore.doing at that (ehd'of: the(indi^try,■•all frames now:'running' (full time; ; ■; The reported big' German yarn coii'traels havo ; been token in Bradford with the proverbial, pinch :of salt, and speculation has .undoubtedly .jbeen' largely(indulged- ih.: ;:Mohdir .•is«rio..,better,.;^^an'd"business,(drags'very heavily, :