The Wool Markets.

Feilding Star, Volume XVI, Issue 139, 8 December 1894, Page 2

The Wool Markets.

(FEE PBKBB ASSOCIATION). London, December 7. The wool sales closed iirni. Amorican buyers took 5500 baies. The Bradford wool market is quiet. Gisborne, Deo 7 At the wool sales to-day there -was good sale for locks and pieces, but for crossbreds the market was very dull, and prices did not reach last salo's figures. Wellington, December 7. At tho first of the wool sales to-day there were 1500 bales offered. There was a heavy decline on last year's rates indicated by buyers' valuations which range from ?Jd to l^d down on good to inferior descriptions. There was, however, throughout the sale an evident desinclination on tho part of buyers to operate, and fully 90 per cent of the catalogue was bought in. The catalogue comprised chiefly Romney Marsh, Lincoln and cross-bred wool, very little Merino being offered. For good light crossbred and Romncy 7 Ad was obtained, heavy and discoloured wool 5d to 5 Ad, good locks and pieces up to 4£d. The Colonial Bank of New Zealand's London agent reports under dato. October 19th :— The fifth series of Colonial wool sales this year which opened on the 18th September was brought to a close on tho 25th instant. Tho available total was 285,000 bales, out of which about 264,000 were catalogued (including 107,---000 bales New Zealand) of this total 250,000 bales were disposed of under the hammer, about 100,000 bales being taken for export, the United States taking 13,000 of this total. The quantity held over until next series is about 62,000 bales, 88,000 bales not having been catalogued, and 24,000 offered but bought in. The attendance throughout has been largo and competition active, and well sustained. Prices close for superior merino grease 5 to 7\ per cent dearer as compared with last auctions; superior merino scoured fully par ; average crossbreds in good ceuditiou par to 5 per cent idvance ; crossbreds of shabby condition together with poor short low scoured md greasy merino slipe wools— of which ihere was a very large supply— met with rrogular support, and prices ruled in juyers' favour. The concluding series "or this year is fixed to commence on the J2ud November, and all arrivals up to ihe 17th of that month will bo available, rho Ist and 2nd series for 1895 will comneuco on the Isth January and 7th March respectively.