London Wool Sales

Feilding Star, Volume XV, Issue 36, 11 August 1893, Page 2

London Wool Sales

Messrs Barnaul & Abraham yesterday receiyed from their London agents. Messrs B. T. Turnbull & Co., the following wool report, dated June 20th : — The third series of Colonial Wool Sales of the present year commenced this evening, with the catalogue composed as follows : — New South Wales 4,249 bales, Queensland 1,473, Victorian 1,768, South Australian 575, West Australia 372, Tasmanian 419, New Zealand 3,752, Cape 819, Natal 173 ; total, 13,100 bales. There was an average attendance of buyers but competition was marked by much hesitation, the rather more hopeful tendencies of the Industry noted at the close of the preceding series having in the interval been threatened by the subsequent developement of events, the influence of which upon the raw material, notwithstanding its strong and healthy statistical position, has latterly not been 1 altogether unexpected. The course of trade and fashion continues to favor the coarser growths of wool as compared with merinos, and the depression in the lower descriptions of the former must be consequently mainly ascribed to the incidence of a considerable weight of supply occurring simultaneously with the advent to market of the Home Clip. As far as can be judged from the results of one day's sale, prices compared with those ruling at the close of the April- May auctions, may be approximately stated as follows: — Merinos, 5 per cent, lower; crossbred, medium and fine, par ; crossbred, coarse and poor conditioned, 5 per cent, lower. South African staple, which was but sparsely represented, likewise suffered a decline of an average 5 per cent., the fluctuation being more apparent in greasy than scoured descriptions.