COMMERCIAL.

Gisborne Times, Volume XXVII, Issue 2450, 15 March 1909, Page 6

COMMERCIAL.

BRADFORD WOOL MARKET. FIRM AND STEADY. (From our own Correspondent.) BRADFORD, June 29. This market has not moved a great deal either one way or the other since London sales opened, it requiring a stronger lead than has yet been given to galvanise this centre into increased activity. The fact is local users have a very strong impression that prices are high enough for all practical purposes, and that London’s rates have been fully discounted in the rise which took place during the last vacation. This district is looking on in a very attentive way, and so far it sees no reason for either going backward or forward. Spinners have covered themselves so- fully with tops, and wool is pouring in so rapidly, that they feel under no obligation to buy further, consequently are taking in deliveries and quietly waiting developments. Wool seems to be selling very freely in London, and to be making prices fully equal to the best that are current here. Some Bradford topmakers of 36’s to 46’s are exceedingly firm, and in one or two cases a fraction more is being asked, blit so far to little purpose. Combing machinery was never better employed tban at present, and tops are going out at considerable speed. There only'the same pressure obtained in spinners; of Botanies than crossbreds, and if only the same pressure obtained in spinning departments as elsewhere, then trade in Bradford would be very good. The tone is fairly hopeful, though plenty affirm that if more yarn particulars are not forthcoming, and manufacturers get more busy, prices will ease. As yet no financial pressure is being experienced on the part of importers, and that is a satisfactory eign. Wool bought in Australia looks remarkably cheap compared with similar wools bought in London, and one mixed with the other will help considerably to even the cost of tops. Some nice weights are going to the Continent of 40 s to 46’s carded tops, and also short, scoured crossbred wool is being shipped. Noils are not selling so freely as they might do, and prices keep very steady considering the weight that is being made. Some yarn spinners find trade exceedingly good, but others have nothing but complaints to make respecting the paucity of particulars, although they have plenty of orders.