LOWER WOOL PRICES

Press, Volume LXXXIV, Issue 25444, 16 March 1948, Page 8

LOWER WOOL PRICES

EFFECT IN BRADFORD UNDERTONE STILL GOOD (N.Z. Press Association—Copyright) _ LONDON, March 14. Bradford and the tops markets this week reflect lower price tendencies in the Dominions, and show their first decline in quotations since free marketing was restored. Generally, top’ quotations have declined from the peak prices of recent weeks, but the undertone is good alH lou f i L,? ew business is practically at a standstill pending the arrival of a settled dasis 1 o £ P*! 0 * 25 - states the International Wool Secretariat’s special news service. There is no halt in wool textile production, however, and Yorkshire industrialany suggestion of pessimism whilst the world shortage of wool textiles exists, and mill output, is sold for several months ahead. ■pie present price recession is attriJ ar . g S. !y 10 the recent withdrawal European competition for wool, which exercised a stimulating influence on values, possibly disproportionate to its volume. Substantial business is waiting here when more settled price conditions emerge, and the 90 per cent, clearances at overseas auctions this week are regarded as denoting confidence in the basic structure of values. top quotations show are approximately:— 7os sr r i ? n s 56 i (t ( . carded) - 52d: M ’ s; British importing houses regret that Australian wool shipping delays are likely. accentuated by port strikes which have already resulted in certain * Following previous similar delays not yet overtaken, this adds considerably to the problems of British firms, who buy wool under scheduled livefy amrne ensure continuity of de-

The official range of prices was:Extra fine crossbred 50/56’s— d. d. Good to super 341 to 371 Average 30 to 321 Fine Crossbred 50’s— Good to super 23 to 281 Average 20i.to 23 Inferior 121 to 182 Medium Crossbred 46/50’s— Good to super 23? to 30 Average 18J to 22 Inferior 152 to 18 Strong Crossbred 46/48's— Good to super .. .. 26 to 301 Average 18 to 241 Inferior .. 14 to 171 Lincoln— Good to super Fine Crossbred hogget (shorn) — to 29 50/54’s— Good to super 28 to 34 Average 201 to 24 Fine Crossbred lambs 50’s— ' Good to super 26 to 321 Average .. - 18 to 23 Inferior and seedy .. 12 to 16 Medium Crossbred lambs 48/50’sGood to super — to 22 Average .. — to 20 Crossbred pieces— Good to super 182 to 25 Average .. *. 13J to 161 Inferior and seedy .. 11 to 13 Crossbred bellies— Good to super .. 15 to 162 Average 131 to 141