SOME NOTES FROM BRADFORD

Feilding Star, Volume III, Issue 802, 12 February 1909, Page 2

SOME NOTES FROM BRADFORD

(From Our Special Correspondent.) - London, January 1. 1 have the following notes from mat happened at Liverpool last week has given added interest to the wool situation. Last week-end it seemed as though the Bradford market had settled down to a state it comparative stagnation which would last to the end of the year, in fact r. notations showed signs of easing off, particularly for merinos. Two or three top-makers who had been ratner above the market *ame into line with other firms. ■■Yesterday, however, crossbreds sold at Liverpool for five to seven and a half per cent, above London, and this had the effect of sending up quotations to the extent of a farthing to a halfpenny per pound for medium and coarse sorts m Bradford. Thus we have a further exampile of tne home market being dominated from the raw material, end. Private reports from London indicate that an attempt whioh had been made to bear the market out there had not been a success, and that wool had sold above, the Bradford level; m fact, Bradford amply sustained its reputation for being the cheapest wool market in the world. Topmakers are very cautious about making reductions, notwithstanding tiie great difficulty they have in getting oulers, but they act with remarkable unanimity wihen there is an upward move at the raw material end!. Developments in the immediate future ' will be watched with special interest, in view of this Liverpool movement. Offers have been received from the Continent for tops and yarns at within a farthing of Bradford prices^ but .have, been firmly rejected, and it is now a moot point as to whether the buyer or the seller will have to give way. There is, generally speaking, a very hopeful tone about the market, and a very confident anticipation of. developments favourable to Bradford early in the New Year. It is pleasant to be able to record that the percentage of unemployment in the tjexftije /trades of the city is now lower than at any other period of the year, and it may fairly be said that the crisis has passed from a worker's point of view.