OUR YORKSHIRE LETTER.

Gisborne Times, Volume XXVII, Issue 2565, 28 July 1909, Page 7

OUR YORKSHIRE LETTER.

MARKING TIME. , (From Our Special Correspondent.) 5 BRADFORD, Juno 11. Conditions in Bradford seem to have settled down to a marking time movement, and there is .nothing doing that Osin be called great. The situation is inherently healthy, but there is nothing on the surface to. indicato that that either topmakers or spinners are in a mood for renewed business. The principal work at the moment is in the carrying out of contracts, and as far as one can see there is going to be no great departure from this line of action for some time to come. The news to hand from Australia regarding the last two public sales shows distinctly that buyers have still confidence in to-day’s rates, and they are willing to take all the fine wool available. A.though it is possible to buy hero super. 60*s tops at 26-}d and 26|d, yet nobody feels at all nervous over the future, and it certainly looks as if with a steady progressive consumption all availablo supplies will be wanted. Spinners, however. are pursuing a policy which shows distinctly that they are going to adopt a hand to mouth programme for some time to come. It is a very debatable point whether or no topmakers have all their contracts covered, for the fact is significant that they are even to-day willing to look dt imports. Wool is selling even better than tops, and this is indicative of strength. Supplies of the raw material are 'fairly large, and there is as yet no evidence of a. shortage. There is being showed plenty of caution, and the fact of everybody being desirous to go steadily on at today’s level of values says much for the strength of the situation. Considerable interest is being manifest in the course of the English new *clip. In Ireland there is great activity, and prices are being paid which are nearly a penny above what can be made here in Bradford. Spinners are stin busy, and they have plenty of particulars in hand. Crossbreds are no more than firm, and 40’s can be picked m> readily at 12|d. Mohair -is manifesting considerable life, and prices are steadily advancing. There seems a disposition on the part of several to speculate, but it will be well to consider the ouantity of Turkey average and Cape firsts which are available. All the rage seems to be for very fine quality, and dealers are buying this largely on account of a feared scarcity later on. Most mills continue to be busy, and that is the best evidence of trade prosperity.