THE BRADFORD WOOL MARKET.

Ashburton Guardian, Volume XXIX, Issue 7813, 4 June 1909, Page 4

THE BRADFORD WOOL MARKET.

Writing on April 23rd, the Yorkahire correspondent of The Dominion says of the.Bradford wool'market : Not a great deal of change can !>e noted compared with even a fortnight ago, Bradford manifesting all tho sound f actors which have hitherto characterised the position of things m this market. Business has assumed a normal aspect, and, generally speaking, activity is the order of the day. Users here seem to be paying no regard to any factors except consumption, and there continues to be expressed a jifirm conviction that wool prices have not seen the lop. It is true that a firmer feeling obtains m regard , to crossbreds, due directly to. th© further largo operations by American buyers, .ysome good weights of crossbreds from 46's 'Upwards having been sold to United States, buyers. This has strengthened the holders of lower crossbreds, although a by no means good business is proceeding. Top-makers are ha,rdly so squeezoable as they were . a fortnight ago. It is Still possible to get m at a shilling for a decent 40's top, though tho majority are quoting a id. more. However, nobody anticipates wool being any lower next series m London, and there is every likelihood of the same eager demand that was seen m March. In the aggregate, there is more wool going into consumption of a crossbred nature than many think there is, and there is no prospect of any description coming cheaper. Spinners complain bitterly that. business with them is nothing like as sound as it is for crossbred wool and tops, and yet some good deliveries are being made to them, which proves more than words that business must be fairly sound. Merinos still continue to hold the field, and there is here as much pressure being put upon topmakers and spinners as ever there was. Commission combers are running at their maximum, and yet they have hard work to satisfy the demands of their clients. Supplies of wool are adequate for the time being, and yet importers can readily sell anything they feel disposed to offer. Quotations are well maintained at the highest price topmakers have yet made, and the future is as sound m appearance as we have recently seen. There is naturally some grumbling among those who have to make deliveries'at pence per Ib. under to-day's fates, but all contracts-are being honourably adhered to, and business generally is very good. Nothing better can yet be reported about mohair, business being very limited, and far from being satisfactory.