WOOL IN STRONG DEMAND

Hawera Star, Volume LIV, 22 April 1935, Page 7

WOOL IN STRONG DEMAND

PREFERENCE FOR MERINO SORTS NO EXCESS OF SUPPLIES (United Frees Association-By ESoctrie Telegraph Copyright). Received noon to-day. LONDON, April 21. The “Yorkshire Post’s” Bradford correspondent says that Easter sees almost all sections of the market at- their strongest point. In recent weeks spin-_ ners have been keenly, interested in the market for both average and . warp types. Bidding has been about a halfpenny under current quotations'. Topmakers are adopting a, firm attitude, with the expectation of Australian wool values being fully maintained after the holidays. The “Yorkshire Observer’s” Bradford correspondent reports that .prices obtainable for fine tops are nearer wool replacement costs than for a while past. It is now generally realised that there vcill not be too much merino wool available. Buyers for all nations seem to feel that fine wools are unlikely +0 be cheaper and at present are-operating accordingly. Moreover, it-is believed that there will shortly be another substantial demand for scoured matchings in merino types, by Germany and Russia which Bradford firms want to be in a position to meet. The position in the crossbred section is more difficult and more could be done if toprnakers were in a position to accept slightly lower prices.