London Wool Market.

Feilding Star, Volume XVI, Issue 69, 15 September 1894, Page 2

London Wool Market.

Messrs Barraud and Abraham's London agentu (B. T. Turnbull and Co.) write under date 10th August, 1894 : — Wool. — At the fourth series of wool sales, which closed on the 25th ult., some 214,000 bales changed hands; atiout 116,000 bales were bought for export, including 1,000 bales for American account. There hare been carried forward for the next series, which is to commence on 18th pros., 78,000 bales (65,000 of which were kept out the July sales). After our last report was issued, oti 13th July, the market assumed a rather quieter aspect until perhaps the last two or three days of the series, when a little more animation was displayed, and the sales closed with values, as established during their currency, steady. lii comparison with the immediately preceding sales, ordinary to best greasy and scoured Australian merino wools rnled $d to £d per lb better; lambs scarcely so much ; the lower qualities were about £d in grease, and about £d scoured, higher than in May. Crossbreds, medium to superior, were £d up, both for greasy and scoured ; and the coarser qualities from par to £d above the values ruling at the close of series UI, while the poorer and dingy descriptions, of which there was a large supply, have fallen £d French buyers who use these last-named wools were not inclined to operate to any great extent. Just before the sales began there seemed to bo some hope of a settlement of the American Tariff near at hand ; the disappointing, but not quite unexpected, tactics of its opponents, who have suecoeded in preventing up till now the passing of the new Bill, no doubt affected the wool market during the last week of the sales, as it still proves a discouraging feature in the manufacturing districts. There is, however, a more general confidence in the safety of present low levels of wool, and the Home trade is, considering all things, pretty crood.