WOOL'S FUTURE.

Auckland Star, Volume LXIV, Issue 204, 30 August 1933, Page 7

WOOL'S FUTURE.

RISING PRICES. CAN THEY CONTINUE? Interesting Speculation By British Papers. HIGH BUYING- LIMITS. (United P.A.—Electric Telegraph—Copyright) (Received 11.30 a.m.) LONDON', August 20. Newspapers give prominence to the rise in wool prices at the Sydney sales. Commenting on the advance the "Yorkshire Post" says that Bradford is in urgent need of good warp combings, of which the early offerings at Sydney were limited. More than one firm sent out buying limits of 33d in top and failed to obtain supplies. Others allowed unfettered buying for a limited number of bales. Whether Bradford will be able to support the current values after urgent requirements arc met remains to be seen, though some will not be surprised to see a cost basis of 3/ for 64's before the season is much older. The "Financial News" says sucli sharp rises as those at Sydney are uncommon. How far Bradford buyers arc prepared to pay so much more for raw material remains to be seen, although those that are left short must not complain that there was no warning of the increased trade in wool textiles that has heartened Yorkshire's manufacturers. The rise should bring more consumers into the market. The outlook for the London sales later should be good. The "Morning Post'' says the news from Sydney points to a further advance. There is an active demand for winter suitings. The Yorkshire output of tops and yarns has recently been readily absorbed on home and foreign account.