London Wool Market

Feilding Star, Volume XV, Issue 13, 15 July 1893, Page 2

London Wool Market

Messrs Barraud and Abraham, Feilding, received the following report by the 'Frisco mail yestorday from their London agents, Messrs R.T. Turnbull and Co. : — Wool. — Thero has been very little enquiry for colonial wool 6ince the sales closed on tho 3rd May, and the market has remained quiet. The Antwerp sales opened on the oth inst., and will continue until to-morrow. There was but a small attendance at the opening, and bidding was so slack that only about one-fifth of the quantity (about 2,400 bales) offered was sold, tho prices realized and bid indicating a fall of fully 7 per cent below the Antwerp March sales, and say 5 per cent below the London May sales. The tone of the next two days was better. Out of 800 bales Australian catalogued only 170 were sold ; oilers are reported to havo been on a par with the closing rates of our last sales here. A considerable quantity of colonial wool, intended for American consumption, has come forward to be Bold hero, and buyers for tbe United States cannot thereforo be expectod in auy forco at the onsuing sales which are to commence on the '20th current. Apart from the linati. cial disturbance, and, perhaps, the depressing effect upon agricultural prospects in Europe, through the extraordinary dryness of the last threo months, the position of the staple remains much the same as when we last wrote. Up to date, the arrivals for the sales are: 848,632 bales Australasian, and 5-1,918 of Cape, of which 78,000 have gone direct, in about equal proportions. jI'KU I'ItKSS ASSOCIATION.) London, July l-l. At the wool sales merinos are slightly dearer.