WOOL PRICES.

Wairarapa Age, 28 February 1927, Page 5

WOOL PRICES.

THE BRADFORD POINT OF VIEW. CHEAP FOREIGN GOODS. (Received Sunday, 5 5 p.m.) LONDON, February 26. The Bradford wool trade is beginning fo show more activity, but manufacturers cannot induce buyers of yarn 1 and piece goods td give prices comML-en-swate with the present Mgh values of the rafcv material. As a Bradford correspondent points out, it is, of course, keen competition by foreigners which is mainly responsible for the manner in which the price of the raw material has moved to a point well above what was justified by the position in our consuming departments. Unfortunately, the foreigners are able not only to pay more for the wool, but also to undersell us in our own market with fully manufactured goods because of their lower cost of conversion. It is said that foreigners are offering London fancy worsted cloths at prices cbout a shilling a yard less than what similar cloths can be produced for in this district. The outlook for firms with machinery in the Bradford’ worsted area is anything but rosy on this occasion. However, they have the satisfaction of not being saddled with heavy stocks of dear materials, and they arc determined to let importers who buy the raw material on the present price level ruling in Australia carry the bulk of the risk.—(A. and N.Z.).