WOOL TRADE.

Waikato Times, Volume 121, Issue 20275, 18 August 1937, Page 13

WOOL TRADE.

POSITION IN YORKSHIRE. PROSPECTS REVIEWED. Writ Ink from Sydney on AuRUSt 11. Messrs. Wlnelicombe, Carson. 1.H1., said: Cable news lioni Yorkshire that consumption tn iln* combing- mills is good Qn q pi-ires for yarns are hardening-, strengthens ihe outlook for wool. Tho English trade with Its large output ol manufactures for Imme use and the pre.it psl export business in fahrlcs. lops ami earns in the world is one of ihe major Influences of the raw material market. opening of last season. Smaller Imports Tf wool in the first hair or 1937 and considerable decreased slocks provide promise of active buying on her part when the auctions open. Details of the quantities of wool on hand at the English mills are not Issued, but on May 31, -locks at port warehouses and at railway jnd canal depots In Yorkshire were only 106,000.000 lb., being 30 per cent les« than 1-2 months before. Those figures are regarded as a guide to the general position in Great Britain. At the English fairs held for the sale or wool a keen demand has been experienced. The United Kingdom clip Is crossbred and totals the ?quivalent of 360,000 bales of Australian weight. Some of the stronger wools were nearly twice the price recorded a year ago and finer types were B 0 per cent fearer. At this time last year, crossbreds were relatively cheaper than merinos. As a result of the large consumption of them due partially to their use for uniform Roths owing to rearmament, but also owing to the general need for wool, all •lasses of crossbred have shown a marked rise nnd have become as relatively dear as merinos. The position of crossbreds is not likely to change. Two years ago, fairly heavy carry-over stocks of them were on hand in producing countries, bin they have disappeared, and crossbreds like merinos are now very strongly situitcd. No appreciable Increase in production of crossbreds or merinos Is In sight this season. The quantity of tho latter carried o'er at June no last In Australia and South Africa was ihe smallest experiArtificial Fibres. Abroad discussion has arisen respectins the quantities or wood pulp likely to be available for the production of artificial fibres in the years ahead. Paper or all classes has advanced considerably in price ami ii- chler basis is wood pulp. Thai level..pmeiil is l" an extent an Indication ■■r p re.- -u re on ihe quantities ..r pulp :i keen demand for their output. If the price »»r rayon and staple fibre Is similarly Influenced the advance would be of fibre v/i- JV 1 !, K.Jd per ill '.null Di.tt 11 -ui" e. 1.i.-l an is" p.Vs-Shb j u 1 I I*" eppl e- ~d.i.\ de.i • ; W 111-- I in,. i: Ini'lm-". in l-rance heller, i 11..: d- pm. -US wmld he cei I i'.-. ,-i '.i> demand appears pr-di i-i • o u I v U. t-nahle her ].. puirh:i;i minimum ol