The London Wool Market.

Feilding Star, Volume XVI, Issue 253, 29 April 1895, Page 2

The London Wool Market.

+ Messrs Barraud and Abraham's London agents report as follows by the last 'Frisco mail, under date the 22nd March, 1895 :— WooL.-*-Statistics are eagerly scanned for signs of improvement, and the returns of the Board of Trade, although as a whole not up to the last two years, for the month of Feb~ * show better in this department The value of * id worsted tissues of British ... . .h manufacture exported in February was : In 1895, „1,51.,11_; in 1894, £1,231,487; in 1893, £1,408,644 ; of which the United States took : In 1895, £517,154 ; 1894, £125,---18 5; 1893, 308,896. America also took wool from us during January and February to the amount of £490,719, as compared with £76,562 in 1894, but not yet equal to the same months in 1893, when the amount was £682,428 s The second series of public wool sales of the current year opened on the 7th i inst. with some 275,000 bales available (about 50,000 less than the anticipated quantity — owing to late arrivals). There was a full attendance and the sales went off with a swing which has been missed for some time past. The progress of the sales fully confirm the improved tone and buoyancy of the opening night, and a keener spirit of competition has prevailed. The list was originally made up to last till the 4th prox., but owing to the shortage of arrivals it has been curtailed and will close on the 30th inst. A fog on the 18th made it necessary to cancel tbe fixture for that date. Continental buyers have been the most active competitors, until within the last few days the Homo trade has begun to operate more freely. Medium and inferior greasy merinos and shabby crossbreds iv poor condition, which have suffered most, are now quite 10 per cent, higher than at the close of last sales— the faulty and bulky scoured merinos also participating in this advance. Tbe improvement has been less marked in superior combing greasies and the better qualities of scoured wools, while superwashed fleeces are not in demand and are consequently still comparatively depressed in value. Crossbreds are somewhat irregular, but full length bright staple meets with brisk competition, . although not relatively so improved in \ value as the lower qualities. With- ; drawalshave been on a smaller scale than the last few series showed ; up till < yesterday the percentage withdrawn 3 was only 4 per cent. (Per i-'ress Association.) i London," April 27. i The next wool sales will probably open ] firm afc last closing rates. I ' '._ '". " 1