Cotton and Wool Markets.

Feilding Star, Volume XVI, Issue 290, 12 June 1895, Page 2

Cotton and Wool Markets.

Messrs Barraud and Abraham favor us with the following report, from their London agents, Messrs It. T. Tumbull and Co , date April 19th : — C.jtton. — Buyers of yarns and goods have not yet responded to the full excent of the "asking" prices, but with better exchange some business has been concluded for India and China. Yarns nave been firmer throughout the four weeks than cloths, and the market report on the eve of Good Friday was, "Yarns strong at full rates ; movement slow. Workable offers for India goods are scarce. Some new Chirja enquiry. Quiet inisceJliueous trade doing." Cotton itself has been in pretty steady request, and middling American is quoiei at 3 9-16 d per lb., with good Lhollerah 3d ; the market having strengthened after the holidays with the better outlook in the East. Wool. — The second series of public wool sales of the year, which terminated on the 30th ultimo, comprehended a total of over 266,700 bales catalogued, of which about 252,000 bales were sold. Of the available quantity there have been held over and withdrawn fully 20,000 bales, a considerably smaller proportion than for some series back. Competition continued brisk to the end, and an average advance of percent over January has taken place, the bidding being very representative. Merinos, in grease, of superior quality were comparatively unchanged, but good and lower qualities showed an advance of -id to £d per lb. upon previous rates— the middle ranges being the most favored. Scoureds were over all from Ad to a IM higher, and here again the medium sorts had the best record. Crossbreds, greasy, met a better than in January ; the lowest qualities recovered lost ground to the extent of Ad to Id per lb— medium and better sorts improved about £d, the fine staple not meeting so keen an inquiry. Scoureds were fairly steady, though the finer ranges occasionally dropped about «d from the highest point of the previous sales. The present prospects for third series are encouraging. Manufacturers are everywhere well employed, and, if peace is ratified, there should soon be a considerable demand for goods for Japan and China, while the improvement in silver and exchange, if it lasts, should make Eastern trade generally more active. The figures published by the Board of Trade, ipr March, show a further increase in the exports of woollen and worsted tissues of British and Irish manufacture.