London Wool Market.

Feilding Star, Volume XVI, Issue 119, 15 November 1894, Page 2

London Wool Market.

Messrs Barraud and Abraham hare received the following from their London agents, Messrs It. T. Turnbull & Co., under date sth October : — Wool. — There was a pood attendance of buyers at the opening of the fifth series of this year's wool sales, on the 18th insl., but buying was chiefly confined to the Home trade and was characterized by considerable caution, with some irregularity in prices With a better attendance competition became more general on the following days, and good merinos, both scoured and in grease established themselves at an advance of 5 per cent orer last rates— light and well-known croißbreas participating in the improvement to about the same extent — faulty and inferior wools were very irregular, occassionally maintaining the value of the proceeding sales with difijpultv. Ameripan bidding was » welcome feature, but ai with wool free, there will undoubtedly be a more extended range of the staple secured for Transatlantic use, it is scarcely possible accurately to determine the effect upon the market of the reappearance of buyers from the United States. ltefiewing the market from the opening night as a whole there is no doubt that the extent of the improvement, and the tone and spirit of the eales have disappointed those who expected great things from the conclusion of the Tariff agitation in America, and that there are other in fluences at work which may retard a decided rise in prices for some time yet In many quarters it is considered a more hopeful sign of lasting betterment that nothing ot the nature of a boom has characterised these sales. The 11th current is now fixed as the closing day, and the next series will open on 22nd November, the list for the same closing on the 17th idem. For 1895, the first snd second aeries have been arranged to begin on the 16th January and 7th March respectively, Sheepskins -At the seventh series of public sales held on the 27th and 28th ult , there were about 5,500 bales of Australian sheepskins offered and close on 4700 bales changed hands. Buyers were in full average attendance and bidding was Bteady. The prices realised show no change from previous sales excepting perhaps for short and shorn skins which with merino lambs were going rather in buyers' favour. Tho Btock of pickled pelts am] rcmnp js still exeeedinglv heavy. and though it begins °tp m_oye off the improvement in American (3eman4 seems to have been pretty well discounted at the August sales. The next sales will beheld on Bth and 3th ffoveinber.