THE WOOL MARKET.

Dominion, Volume 3, Issue 705, 3 January 1910, Page 8

THE WOOL MARKET.

TO DATS SALES The WeliiriKton wool sales .will be held ;to-day?,at::.the Towni'Hall::Concert. OhamV b'er;.-beginning at 9 a.m., and', brokers anticipate,'a' ;gbod" : sale;. ; .The; catalogue is': a, big,':bne,> embracing'; nearly. 20,001) .bales,, ahd ;it ':would.;haye, been . larger, -but :for the "dilatoifinesß-; of.r; some 'of the - growers. ■Tho' immediate outlook - for' Yfool appears to', be: good,, arid,-; as.': money is likely, to' bo-, :come - cheap almost' at' once, business should': be'; further;.'stimulated. :- Eespec'ting the European. - cbridiUons., the; London corres-. •pondent "of fin Australian contemporary,' ;writing undci'' dateVNoyeinber 19, says:— • -.."News from the riiimufacturing districts of Continent-al Eurone indicate a condition, of ■ confidence ;v'and'..'general '-strength'.The'. demand' fbr; all stylos "of top 'meririoß . and ■ crossbred .i'ncrea.scs, and,' as - it cb'ni'es :from;;a' marketvery-. lightly :stooked,'-it':'naturan"y''tends ; to-.stiffeh rates. ,On' ;the • 'futures' - market: quotations,, alter almost - daily i.fluctuations ;;up":',;and'. down, a'trifleabove those of .'.a; i week- ago .'.fori: the.' mbst'pa;rt;;':',The advent ; bf ; ;th6-earliest'-' shipments-'of,-'.the - now season's . wool '; from ; Australia'.;'is;s providing, the 'combing i'establishiriehtsi in. north of Franco with working material, of. which ' they stood in: pressing need,"but. not much relief in this; respect-has' yet'-reached' tho interior of that country, ,no'r: the, German mills.. At the , five ohief conditioning houses of Franco -an aggregate ■V 016.600,000. kilos 'of- tops was, registered -..the past: month, which' compares . with: 6,083,000 kilos in October,last year.. : . For. tho.ten months of 1909 tho total dealt .with amounts to. 62,804,000 kilos; an inereaßeAoriithit: of. the ■ 'corresponding period; .laslj ;year, ; ,;of. 10,359,000; kilos, when , the aggregatef'waß -52,445,000 kilos;, -'At Mazamct -tho market for wool has :shown.:a.; decided::.rcpe'wal jof activity,arid : tho ■ daily : turnover has,' during.. tho pastVeightVor;-.ten, days,;:reached.'quite !respectablo- dimonsjoris;, ,■'/■.' Users, V realising that .the' rally;: in j prices Vis - thoroughly established,- do'.no tVn'ow hesitat-e to. biiy fori.thofrequirombnts 'immediately in frbnt' 'of ' .thomi- 'and - this T<ri-y :'riearly BUfflce's .to absorb the' -productibn "of : the pulling and 'scouring:.•establishments; 'as^these, become, ;available.;V';rU-''-' ;: ' V;,:- ■

Inland 'Tele'gTaphic Address: ; Telephone V : ' "Gr'uar, Auckland." • • . No. 2537.