FINE WOOLS CHEAPER

Evening Post, Volume CXXIV, Issue 59, 7 September 1937, Page 14

FINE WOOLS CHEAPER

(By Telegraph—Press Assn.—Copyright.) (Received September 7, noon.) LONDON, September 6. On the Bradford tops market warp and fine crossbreds are lower owing to reports from the Sydney sales. Medium and low crossbreds are little changed.

The London September series of sales will begin, on Tuesday next, September 14. Crossbreds are expected to show little change in values when these sales open, but merinos may be 5 per cent, lower in price than the closing rates of the July series. The "Yorkshire Observer," in reviewing the market position as it appeared in mid-August last, remarked: "There seems little doubt that the demand for crossbred wool will again be substantial when the selling season opens." The reason for this view was that stocks in Yorkshire were low and that a strong demand for "uniforms" wool was expected. Another indication of the acuteness of the stock position in Bradford was the fact that various firms which normally trade in colonial and South American crossbred wools had been among the buyers at the sales of home-grown wools held in different parts of the British Isles during the past month or so.