LONDON WOOL SALES.
PRICES FOR CROSSBREDS FIRM. LONDON, July 18. At the wool sales there was a. splendid selection of greasy crossbreds. There was an animated market and prices were firm. Merinos were unchanged. “N.Z.” clip brought up to 16d per lb, and averaged 14id. Scoured wool, NZR/ in a diamond, brought 26d. —A. and N.Z. cable. WOOL MARKETS. RESULTS OF LONDON SALES. LONDON, July 18. The results of the London wool sales, both merino and crossbred, have infused a bettor spirit into the raw material section of the Bradford trade, but developments at the manufacturing end have been more disappointing than was anticipated a week ago. New business in partially and fully manufactured goods has not increased to the extent expected when the sales opened, owing largely to the wages dispute caused by the employers’ intimation of their intention to enforce a five per cent reduction in wages, and as the workers are determined to resist, a strike appears inovitaL'e from present indications. In view of this possibility, neither the spinners nor the manufacturers are anxious to buy until the outlook is clearer, with the result that neither the London nor Australian sales had much effect on Bradford, where prices for tops have not followed the lead set by raw amaterial. —A. and N.Z. cable.
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Manawatu Standard, Volume XLV, Issue 193, 20 July 1925, Page 7
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216LONDON WOOL SALES. Manawatu Standard, Volume XLV, Issue 193, 20 July 1925, Page 7
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