THE WOOL POSITION

Evening Post, Volume CXIX, Issue 94, 22 April 1935, Page 10

THE WOOL POSITION

TOPS MARKET FIRM

CROSSBRED SECTION

(B" Telegraph.—Press Assn.— Copyright.)

(Received April 22, 10 a.m.)

LONDON, April 20.

The "Yorkshire Post's" Bradford correspondent states that this Easter seea almost all scot.ions of the market at its strongest point within recent weeks. Spinners are keenly interested in the market for both average and warp types, bidding about %d per lb under current quotations. But they find that topmakers are adopting a firm attitude m expectation of Australian wool valuos being fully maintained after the holidays. The "Yorkshire Observer's" Bradford correspondent reports that prices obta.aable tor fina counts of tons are nearer to wool replacement costs than they have beon for some while past. It is now generiiJiy realised that there will not be too much merino wool available, for buyers of wool for all nations spem to feel, that fine woofs are unlikely to bo chearrr and they are at present operiting accordingly. Moreover, it is believed that there will shortly be another substantial demand for scoured matchings in merino types by Germany and Russia which the Bradford firms want to be in a position to meet. The position in the crossbred section is more difficult. It is felt that more could be done if topmakers were in the position to accept slightly lower prices.