WOOL INDUSTRY.

Press, Volume LXVIII, Issue 20499, 18 March 1932, Page 11

WOOL INDUSTRY.

BOOM AT BRADFORD. BEST TRADING FOR YEARS REPORTED. (UJUTEfc PRESS ASSOCIATIOH-BT EI.SCTBIO TSLKQIUPK— COPTBIIJHT.) LONDON, March 16. The Bradford correspondent of the "Daily Express" states that four months' exceptional business has just been completed in the wool inttoshry. It is agreed that this has been the best trading quarter since the war P erl °<jThe number of men unemployed, -which was 50,000 in September, is ""scoS™ 0 ! firms which- wer. facing bankruptcy in the autumn are now the decline in sterling and import duties killing comiMjtitionfrom the low-wago countries on the Continent the spinning and weaving mills are now working double shifts and wool-combers are operating 24 hours a chief boom is in fine light fabrics for women's wear. Yorkshire is hoping for at least 33 per cent, on such poods. The export business is slow but 111 The V chfef difficulty is that there are 23 'foreign countries where there are f-Itaio restrictions against the export of currency to pay debts. Yorkshire merchants favour an international clearing-house for trading debts, worKin<? on the lines of the bankers' clear-ing-house, arranging payments by credits for accounts instead of transferring currencies.