WOOL MARKET.

Gisborne Times, Volume LXVII, Issue 10510, 14 February 1928, Page 2

WOOL MARKET.

BRADFORD' BUSY

SCARCITY PROBABLE LATER IN

YEAR

(United Press Assn—Copyright,)

(N.Z. and Aust. Press Assn, and, Sun.) LONDON, Feb. 12. Discussing the wool position, a Bradford correspondent writes : “The persistent hardening of raw material values has had the effect of creating a greater confidence in other sections: of the industry, and consequently there is steady business and prices for partially and fully manufactured materials are being gradually placed on a higher level. This continuous response to the lead given by raw material and substantial active 1 lidding for wool at the colonial sales despite hardening prices, encourage a feeling of optimism,' particularly at the raw material end of the trade, but on the other hand some predict a very awkward time for our spinners and manufacturers in the second half of the year. “Assuming the present measure of world consumption, is maintained and there are no difficulties in financing the present purchases of wool an acute scarcity of all qualities of wool is not improbable, with something akin to famine prices later in the year, but spinners and manufacturers are not worrying unduly about the future. They are making the most of the opportunities offered by the present improved demand for their produets, and limiting their risk by carrying light stocks, so that when the reaction comes their loss will be restricted.”

SYDNEY SALES

FLEECE WOOLS AGAIN ADVANCE.

. ''United Press A.ssn.) (Received February 13, 11 p.m.) SYDNEY, Feb. 13.

The wool sales were marked by the keenest competition of the whole season, all sections, France, America, and Yorkshire bidding very strongly. Super wools were unchanged; all other classes of fleece wool par to 5 per cent, higher; skirtings advanced fully 5 per cent. ; crossbreds, all grades, improved similarly.