London Colonial Wool Report

Feilding Star, Volume XIV, Issue 131, 25 April 1893, Page 2

London Colonial Wool Report

Messrs Barraud and Abraham received by the San Francisco mail yesterday, from their London agents Messrs R. T.Turnbull and Co., dated March 15th, the following wool report :— Shortly after the close of the lato series, a consider* able enquiry arose for boughUin lots, of which some 4000 hales were placed at from yd to Jd per lb above the prices which had been bid at the public sale. This demand chiefly related to Australian morino greasy parcels, but the total sold included about 1000 bales Cape and Natal produce. A portion was taken for Germanj, but the bulk went to the North of France where nome improvement in trade has recently taken place. In this country an active business is doing in medium to strong crossbreds, and in Home-grown wools, as well as in the yarns nnd goods produced therefrom. The demand for merino qualities has been less active, and until quite recently prices had a weak tendency, but at the moment more is doing, and it looks as if the tops and yarns made from tho cheap Australian purchases were gradually passing into consumption. Reports from the United States are encouraging, manufacturers there being fully employed and with every prospect of continuance. Upon the whole the general situation is distinctly better than it was a month ago, and if the accounts to hand which speak of a diminishing production in Austral* asia and at the River Plate are to be believed, there seem grounds for regarding wi'h. confidence the immediate future of the staple. The second series of sales of River Plate wools at Antwerp for the current year opened yesterday the 14th inst. The attendance is reported large, and competition octire at an advance of 10 centimes por kilo upon Fodruary prices.