ENGLISH WOOL TRADE.

Manawatu Standard, Volume LVIII, Issue 79, 2 March 1938, Page 4

ENGLISH WOOL TRADE.

RUSSIA’S REQUIREMENTS. BRADFORD, Jan. 28. It is rumoured that Russia has planned to take 120.000 bales of British colonial wool during 1938, and her buying in London in the first week of this series was certainly spectacular, though carried out much more circumspectly than on previous occasions. If, however, she is to- obtain anything like that quantity out of the London sales, she will have to make a monopoly for herself in her own classes. Her requirements mainly fall between 48’s and 54’s in good scouring greasy crossbreds, and in 64’s and 66’s in Merinos, with occasional parcels of 60-58’s. Only good style wools in any quality are required. What has been more remarkable to most poople than Russia’s active buying, has been the presence of sufficient home spinners and scourers to push Russian buyers to such a level. In some cases Russia has paid £ls pet cent above November rates, attd quite an amount of both Australian and New Zealand wool has been sold at a clean cost as much as 20 ■ per cent, above the colonial quotation on the same day. It is not suggested that it colonial owners had shipped another 50,000 bales of these superior wools for sale this month, ltussia arid home users would have lifted them at recent prices, but even the good average wools, which were too burry, seedy, or contained ■ too much discolour for scourers and spinners, have been selling freely at Id -to 2d clean above the colonial level.