The Rise in Wool.

Feilding Star, Volume XVII, Issue 26, 30 July 1895, Page 2

The Rise in Wool.

GOOD NEWS FOll NEW ZEALAND GROWERS. (Per Press Association.) London, July 28. The total quantity of wool catalogued up to the cud of the week was 345,000 bales, of which 327,200 bales were sold. The bidding yesterday was spirited. The catalogue comprised good selections aud prices were very firm. American buyers made heavy purchases. Melhouknk, July 29. The London correspondent of the Argus, writing under date 21st Jnne in regard to the coming wool sales says : — New Zealand is heavily represented, and so far as the prospects can be gauged the clip has arrived most opportunely. Growers will find a strong rising market for the coarser grades. It is evident that bright-haired wools have entered upon a new lease of life, and there seems every probability of the decline in values beiug recovered. New Zealand growers may congratulate themselves on their good luck, for until a week ago people expected that the heavy arrivals would have the effect of weakening the values of the New Zealand crossbrecls so largely offering. The New Zealand wools for the coming series have naturally excited some comment as to the quantities sold locally compared with the amount sold in London. As the local auctions in New Zealand, as is well known, are small compared with those of Victoria and New South Wales, there is a strong feeling among the buyers and large consumers here that if some steps could be taken to centralise the market in New Zealand, and so make the business more easily workable, largely increased support would be more readily given, and a success similarly to that experienced in Sydney and Melbourne might be expected. If one large central market in the North and one in the South could he established.