ACTIVITY AT BRADFORD.
LONDON, 26th Feb. Ihe .Bradford wool trade is beginning to show more activity; "but. manufacturers cannot induce buyers of yarn and piece goods to give prices commensurate with present high values for raw material. As a Bradford correspondent points; out; it is of course, keen, competition. by., foreigners which is.mainly. responsible for tEe manner, an which' .the; . price . of. raw "material has moved to a point well above what was justified by the position in bur consuming departments. Unfortunately, foreigners are able not only to pay more for wool, but also.to undersell us in our own market with fully manufactured goods, because of their lower cost of conversion. It is said; that foreigners are offering in London fancy worsted cloths at prices about a shilling a yard less i than what similar cloths can be produced for in this district. The outlook; for firms • with machinery in the Bradford Worsted areais anything but rosy. On this occasion, however, they have the satisfaction of not being saddled with heavy stocks of dear' materials, and they are determined to let importers who buy raw material on the present price-level ruling in Australia carry the bulk^the risk; , \ ■
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Evening Post, Volume CXIII, Issue 49, 28 February 1927, Page 11
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197ACTIVITY AT BRADFORD. Evening Post, Volume CXIII, Issue 49, 28 February 1927, Page 11
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