HATES HARDLY SUSTAINABLE

Evening Star, Issue 19713, 14 November 1927, Page 6

HATES HARDLY SUSTAINABLE

BRADFORD SILENT [Special to the ‘ Stah.'J WELLINGTON, November 14. A combination of circumstances particularly favorable to tho opening wool sales of the series may account for the prices exceeding all expectations. There was a small offering of 9,200 bales, and as facilities were available for prompt shipment, this allowed a section of buyers to go to their extreme limits. Special deep grown hoggets of 50 quality brought up to ISld to 19d; super half-bred, to 26 [d; super merinos, up to 26R1. Ordinary grade lots were largely bought by France and Australian mills from 15d to 16Jd. Light conditioned skirtings also brought remarkable rates, _ The high prices were due to the solid competition between French and Australian mill buyers, the former not only competing for the best skirtings, but also buying fleece. Bradford was unable to enter into competition, as tho competitors’ limits were altogether too high. German operators were also silent for the same reason, and American competition was small, except for extra special lines. Probably to-day rates will hardly be sustained, as Now Zealand has to look to Bradford to take the bulk of hexproduction, and to-day’s prices were apparently too high for the English operators. ___________