BRADFORD TOP MARKET DEARER AGAIN

Wanganui Chronicle, 7 November 1950, Page 5

BRADFORD TOP MARKET DEARER AGAIN

LONDON, Nov. 6 (Recd. 6pm).— With Dominion wool prices at the highest point of the season in merinos, and above the previous highest point i in finest crossbreds, the Bradford top' market was dearer again last week, and there was substantial buying inquiry at some of the highest prices ever quoted, states the International Wool Secretariat special ‘news service. The price level dictated consider able caution and there was general reluctance, either to sell uncovered or to carry much unsold stock. However, there was still a considerable turnover and many topmakers have already sold most of the output for the remainder of 1950 and the first three or four months of 1951. The production of partly and fully manufactured goods maintained generally high levels. Eradford is now experiencing a between seasons gap in wool imports, and is awaiting hulk arrivals of new season’s Dominion wool. Despite the high price level, businc ■ was available in practically all qualities of wool tops and yarns, and Yorkshire is probably buying more wool in the Dominion markets just now than at any previous stage this season. Medium crossbred top quotations were described as highly protective in anticipation of a strong opening to the New Zealand wool marketing season 10 days hence. Top quotations: 70’s A, 555 d; 70's B, 24Sd; 64's A, 244 d; 64s B, 238 d; 60’s super, 217 d to 218 d; 58’s. super 195 d; 56’s, super. 172 d; 50’s 151 d to 152 d; 48’s and 46’s, 150 d. Special N.Z.P.A. Correspondent.