BRADFORD WOOL MARKET

Press, Volume LXXXVII, Issue 26409, 1 May 1951, Page 9

BRADFORD WOOL MARKET

“NO MATERIAL CHANGE” (Special Correspondent N.Z.I-A.J LONDON. April 30. The Bradford market for wool and tops shows no material change, and most tops quotations are firm at prices quoted a week ago, states the International Wool Secretariat special news service. The Merino tops market seems to have Steadied at prices about 60d per lb below the highest realised just before Easter, although fine crossbred tops dropped about 70d per lb. Wool in London was in good demand around these prices, and the market here is not indifferent to the hardening tendency in Australian prices thia week. The buying movement in tops, which followed the price drop, appears to have spent itself, however, and it is difficult to quote the Merino tops market dearer when there is little actual business moving at the moment by which values can be tested. Trade stocks of Merino wool In Britain, for example, are 25 per cent, smaller than a year ago, though crossbred stocks remain unchanged, the result being that the total trade stocks here are about 12 per cent, below a year ago. Medium crossbred tops are quoted as follows:—so's, 197 d per lb; 48’s, 194 d, and 46’s, 192 d per lb.