OUR YORKSHIRE LETTER.

Gisborne Times, Volume XXVII, Issue 2623, 4 October 1909, Page 2

OUR YORKSHIRE LETTER.

PRICES WELL MAINTAINED. (From Our Own Correspondent.) BRADFORD, August 20. All the sound factors noted last week are still in evidence, and if anything there is a further upward tendency. Considerable business lias again been done in all descriptions of tops, and the market generally presents a most healthy appearance. The inquiry for raw material continues to be most marked for fine crossbreds and merinos, and without doubt there is going to be the usual pinch for the latter before the next Australian clip is available in any quantity. It is surprising how keen is the inquiry for combing wool, and anything with any pretence to possessing sufficient length for producing tops can be readily sold. This week several of our largest commission woolcombers and spinners are standing, and they uvill not resume work till next Monday morning. These all state that they have no accumulations of fine tops. Holders of the raw material are pressing for more money, and super 60’s have again got back to 27d, and 64’s to 27 Jd to 18d, several topmakers now being firm at the latter figure. There is in the market a very confident feeling, there being sufficient trade passing to warrant every man maintaining a very firm attitude, for until fresh supplies are available, there are going to be no more tops in hand than will meet the requirements of spinners and manufacturers. There i s also more doing in coarse and piedium crossbreds, some spinners having received some nice weights during the past- ten days. It is very inspiring to think that even 40’s which for so long have been tiepressed, present to-day a much more encouraging outlook. Stocks here arc moderately heavy, but all the same there is a distinctly better feeling and more sales of wool have been made during the past fortnight. More topmakers are quoting 12?ld for 40’s, but it is hardly fair to say that thi s price has been freely made. Woo] bought at the recent series of London sales can now be disposed of at a small profit, and the outlook for even coarse qualities is better. Medium and fine descriptions are very well held, there being no excessive stocks here. There is being done a lot of easing in the hope of attracting later on America, and on export account there is a trile more doing.