WOOL TRADE.

Auckland Star, Volume LXX, Issue 128, 2 June 1939, Page 4

WOOL TRADE.

STATE PURCHASES. BRITISH GOVERNMENT DEAL. INVOLVES £"250,000. Independent Cable Service. LONDON, June 1. Tt was officially stated at Bradford today that the British Government intends j to buy 3,000,0001b of tops of 50's quality | from the British Kmpire to expedite the \ manufacture of uniforms. This will be the first direct buying from partly-manu-factured wool. The value of the ileal is nearly £2.">0.000, Kii that the transaction is substantial, but not sensational. The wool will tome chiefly from Melbourne and New Zealand crossbred.*, and the priee will be in line with the current season's modest values. ! MARKET'S REACTION. i HALFPENNY ADVANCE. LONDON", .lime 1. The fiovoriime-nfs decision to buy I ".Odd OOOib of ci osssbri'd tops resulted in a I halfpenny advance in quotations as a proI ti'ctivo measure on the part of topm.-ikers j until they see how much liusinws it i brings. The , order should hrin;! welcome employment to wool textile workers. 'I ! BRADFORD TOPS VERY FIRM. j ■ (Received 11 a.m.) ! LONDON'. Tune 1. The Bra.lf..id market is very firm both .fur ciiv-r-bre.'ls and Merinos. Following aie to-day'ij (luotations and those of recent j 1..." May May May June j 11. IS. 2.".. 1. Perlb I'rrlli. I'.-rlli. Peril). I .1. d. .1. .1. ' Si\t." lours '! 241 211 2}i 2»i 1 r'in'.v ei-'hts'.' 21* -Ji'i 21' i 21' i I Fifty-sivs . l'.i 20 -" -" l-'ifti.'s 17 17 17 17 K..nv-sixesV Mil Uii ll>l Tii Forties* ... l«i "''i l«i l«i •Nominal.