London Wool Market.

Feilding Star, Volume XVII, Issue 43, 19 August 1895, Page 2

London Wool Market.

Messrs Barraud and Abraham's j London ago-nts, E. T. Turnbull and Co-, report by the last 'Frisco me'il : — \y on i — A considerable and unexpected demand, chiefly from America, arose during the latter half of' 3'une, and some 4,000 bales were sold by private contract at higher prices than were realized at last sales. The fourth series of public woo! Bales of the year commencod on July 2nd, with a full attendance of buyers ropresenting al centres of the trade. The bidding was refreshingly animated, and an advance was established at the opening at from 5 to 10 per cent on merinos, with a greater improvement on crossbred wools. The demand for Mohair and strong bright English wools had been exceedingly firm and prices rote considerably, while all the accounts from manufacturers pointed to a large isduction of stocks and brisk demand for goods. Up to the present the Home trade and the Amercian buyers have been the most active, less support coming from Continental sources, buying on French account especially being very limited. Nevertheless the position strengthened readily since the first day, and Continental buyers have bought more freely, but still with reserve Merinos may bo generally quoted at from 7.V per cent to 10 per cant above tho closing values ruling in Mny, the lower qualiies of scoured showing le.ss appreciation, than tho großsy. Crosshreds of al 1 dosciipuona have been eagerly sought, and the fine r qualities (aa also those of tho duller and dingier descriptions) which have been so long neglected, mark an improvement of 7.1 to 10 per cent, while stronger find brighter kinds lv.ive risen 12 to la por cont. Tho total available- quantity was about ,390,000 bales, of which 103,15 a bales havo already been catalogued, and about 0,000 balea only, withdrawn.