The Wool Market.

Feilding Star, Volume XVII, Issue 51, 28 August 1895, Page 2

The Wool Market.

ITS FUTURE PROSPECTS. (PEB PBEBB ASSOCIATION.) Sydney, August 27Tbe wool merchants, interviewed with reference to Mr Young's cabled opinion of the prospects of the wool trade, consider the forecast altogether too optimistic. The cable, they say, is really a case of special pleading for the London market, and is intended to give Australian growers such a view as not to sell locally but to ship on the strength of a rise continuing through 1896. The outlook undoubtedly is most favourable, and indications point to further imi provements, but there is no reckoning on contributing causes, and it is impossible to predict that it would be bad policy on tho part of growers to ship all their wool to London, as better prices ought to be expected locally and the noteworthy fact that a rise ill England is generally anticipated by several weeks in the colonies. Prices depend largely on the continuous improvement on the American trade to which the rise is mainly due if American demands continued as strong as at present, and promised no doubt that the expectation of an improved market will be realised.