THE WOOL MARKET.

Dominion, Volume 2, Issue 606, 8 September 1909, Page 6

THE WOOL MARKET.

The London wool sales do not begin for another fortnight, but interest in the staple i 8 "-stimulated by the fact that the Australian selling -season : will commence in the course of a few days. It is usual .at this period of, the year to see the market depressed by' the opcra'ticns.of '-boars" anxious to give a', fa'lso 1 impression with the viow of being; able to buy in the Australian markets at below' fair enrront market rates. If' the "bears." arc operating at'all; this year their, efforts appear to bo futile, for tho

Bradford market exhibits; a hardening tendency. This is ■calculated to. inspire glowers with confidence, and the opening prices at tho Adelaide sales should bo somewhat above the parity of the closing rates of the last London sales. But this, will depend, however, upon : the class of wool offered at Adelaide. If it happens to be all fine wools, then it is just possible that values will show no improvement; if there happens.to be any coarse wool offering, then an 'advance may bo recorded.' 'Tho probability' .''of coarse wools advancing is based upon the movements in Bradford tops. Beloware given the prices current at the close of the July sales, and the prices cabled last wcolc— ' *, '■ • ■ July 22.'".-Sept. 2.-., TopS- ■'.■:• ', ! d. ■■■" ■■ 3.' '■■■ 40's ~-.'. 124 :■ 13 .. 46's; ..'.- 14J.. '15 60's, comiuon 26, '26 ,60's, 5uper..;....!;.'...'.. 27 .'27 64's ', ■....:..;..,...:..... | 27j'.-:- ,28. ' The coarse wools advanced .to |d., and the 64'b are' also higher by Jd, but the common and super, 6G's aro unchanged. The latter are as high ,as it'is wise- to, carry such wools, but. the. ctiarse wools as expressed in 40's and 46'sal-e still very cheap.. The Ape wools 'are keenly competed for by Oon,tinentarand American buyers, but coarse wools have to depend mainly upon Yorkshire , buyers. The steady improvement in the, lower counts is an indication that consumption is fully equal to the ■•■'supply, .if not greater, and it is therefore "reasonable to. expect an .improvement in the price of, raw wool.. The London house of 1 - Dalgety and Co., Limited; predicts a gen-, eral' rise' in prices. of, from' 'par,, to 5, per cent., and this.'bears out what,has been said above. We think : fine, wools .will hold their position, and.cparso wools will' register an advance... .' , ' /