YORKSHIRE LETTER.

Dominion, Volume 4, Issue 1177, 12 July 1911, Page 10

YORKSHIRE LETTER.

THE AFTERMATH OF COLEMAN STREET. (From Our Special Corresaondent.) Bradford, Juno 2, 1911. The trade has now had time to fully digest the real significance of the recent series of London sales, and after looping over what has transpired, the general impres-ion is that good desirable wools mill fully as well as could be reasonably expected. It , is quite true thut many importers express feelings of dissatisfaction over what actually took place, but the fact is at lost recognised that values cannot go on advancing indefinitely, and if higher prices were not goiu'i-iil, still, wools of quality, length and soundness commanded jjuhil competition, and realised full market rates. Heading over the various brokers', reports it is plain ro be seen that they too hardly realised their expectation?, • stiil fur all that , they lißfj no other alternatve but to fell, and lOon't think they will have very much to regret in disposing of the largo weight of taiilty voids which calm, to hand. There are. times when it is policy tu hula uver wools, and although there are no signs whatever that there will be a scarcity later ou in the year, still with the low prices of noils," the strike at Verviers, less activity on the Continent, and heavy stocks v! faulty wools which have been bought in Australia by users in Yorkshire, 1 cannot tee this class of material improving its present, position very much. However, a good deal can be sr.id in regard to good combing merinos and ciwbrods, for there is every likelihood of these being somewhat scarce at the September sales when importers will naturally ' st-il all thev have. FINAL RESULTS. Let me place before readers the final roMius of the recent seiies of London sales, the particulars being furnished by Messrs. C. Balme and Co. in Hieir closing circular.- When compared with -the termination of the. March" sales the following changes were seen:— AUSTRALIA X WOOLS. Greasy merino, superior, Id. cheaper; greasy merino, average to good, par to id. cheaper; greasy merino, inferior, Jd. to id. cheaper; scoured merino, superior. Id. ehii'.. :■!■; scoured merino, average to coed, par to -Jd. cheaper; scoured merino, intenor, Id. to lid. cheaper; scoured merino, faulty pieces and lock's, Jd. to"Id: cheaper; greasy merino, lambs' wool, superior, par; greasy merino, lambs' wcol, medium, par; greasy merino, lambs' wool, , inferior; par; greasy crossbred,' fine super, Jd. to Id. cheaper; grrnsy crossbred, fine ordinary, lα. cheaper; greasy crossbred, medium superior, par; greasy crossbred, medium ordinary, Id. cheaper; greasy crossbred, coarse, superior, par; greasy crossbred, coarso ordinary, par to J.d. cheaper; greasy crossbred, lamb?, superior, par to Id. cheaper; greasy crossbred, lambs, ordinary, par to >.A. cheaper; scoured crossbred, fine. Id. cheaper; scoured crossbred, medium and coarse, Jd. to Id. cheaper; slipe crossbred, fine, id. (o Id. cheaper; slipe. crossbred, medium. Jd. cheaper; slipe crossbred, coarse, par to id. cheaper. SOUTH AFRICAN WOOLS. Snow white, super, par to Jd. cheaper; snow white, medium, Jd. to id. cheaper; snow white, inferior, id. cheaper;- grease combing," light, par; grease combing, heavy, Id. cheaper; grease clothing, light, par to Id: cheaper; grease clothing. heavy, Jd. cheaper. . ■ ■ SUPPLIES AND DELIVERIES. II is quite.in order to say that the end of tho last Australasian'' clip is now fast approachinc. and it is significant that the raw material has moved at a. quicker pace inlo lhi> hands o£ consumers than ill nny previous year. It lYciyected that there will be a reasonable proportion , of colonial "new clip" for the London July sales, this being a totally different procedure to what obtained twenty years ago. It used to lie considered a fine thing to have 100,000 bales of "/now- clip" for, the November series, but' nowadays autumn shearing has to a large extent transformed the Australian wool trade, and as far as one can see,- it is all to the n'dvantage of the industry- I have always favoured autumn shearing in Queensland, for the simple reason that a." good proportion of the clip can then be dealt with before the weight of wool from the other States comes on to the market. This certainly is well worth considering by those in a position to shear early, and if lr.ngt.il of staple is spcriScnd for one season, it is remedied the next. As already spid, the current clip has moved to consuming centres at a, record rate,, and Messrs. H. Schwartz© and Co. supply their usual valuable statistics showing the number of-bi>lps that have been absorbed. Adding transit wools and direct imports, the total deliveries compare as follow:— Bales. Bains. 1911. , 1910. Horns consumption ... 786,000 . GS)<",UOO Continental consumption -1,251,000 1.087,003 American consumption 12,000 122,000 2,079,000 1,906,000 As already siiid, Hieiv is no increase in the. production, but, owing to quicker arrivals, and ill emisecimnci! of the later closing of the list of May arrivals, Ihe total deliveries show an increase of 17:),COft bales. There is an increase of S!),0fl0 bales for the Home trade and o; lIH.OOO bales for the Continent but a decline of 80,000 bales to the United Slates. THE QUESTION OF TRICE. Analysing the standard of prices for the raw'material, it must be .said that while wool is no cheaper it is not over dear. Of course, growers and buyers look through different spectacles, the perspective being quite different in both cases. On the one hand we have those who think that prices are going to he lower, and same are oven sanguine enough to think that before the end of the season values may yet appreciate a little. Without committing myself to either view, 1 must say that the raw material can be turned to good account by any ;cction ot the trad?, and after ali that is the fundamental principle which underlies all good business. Nobody likes to be saddled with heavy, stocks when values are on the point of declining, but to-day tops can be made and yarns spun at a profit, and I don't think any manufacturer is running his machinery at a loss. I'rices seem to be on what I may call a good commercial basis, for while to-day's rates are certainly paying ones for. those producing the raw material, vet wool is not too dear to be manipulated , to. advantage, and the fact of all mills in Groat Britain continuing busy is a proof that trade is good, and that values are in no sense hampering free, sales of the fully manufactured article.,'At the present lime manufacturers are'showing, for next, spring, and I hear there is little difficulty in commanding current price-. The fact is, there is not to-day that haggling over a penny per yard, providing the buyer is getting gsod value, and so long as manufacturers can show sonielhing good and tasty, the wholesale faljrio buyer is disposed to entertain the cloths and pay good prices, knowing full well that he can sell same tn advantage. His great concern is to obtain fashionable fabrics, and I need hardly say thot Yorkshire, Scotch, Irish and West of England manufacturers are fully alive lo the' needs of the trade, and are meeting the requirements of both wpollen merchants, wholesale clothiers, os well as shipping liousts. Lililo new can be reported respecting the Bradford market. Business on the whole is quiet, find likely lo remain so for some weeks to come. I dare say a good average Ill's can be. bought at 27d., although the majority nro quoting ; !d. to j<l. more. The position of crossbred* is almost a duplicate of what obtains in merinos, and it is possible to buy a good 10's prepared top at Mil.

There is no porter on earth equal to the Chinese coolie. The coolies who carry Szechuen lea into Tibet travel over snowchoked mountain passes 7000 feet above Ihe s.oa, v.ilh loads of -KKlb. of compressed lea on Iheir pniient backs. (Ivor 201)0 people have sent in claims for a share of the fort line. >:iid to amount lo millions, left by a Highlander, named UrquJiarl, of Diiigwnll. Koss-shiro, who was formerly a Californian gold-miner. Snaps)one is largely \i?nil in China for preserving structure-- built of sambloue and other flnnes liable Id crumble from climatic effects. 11. is powdered and put. on in the form of paint, and will preserve buildings for hundreds of jearfa