THE WOOL MARKET.

Gisborne Times, Volume XXV, Issue 1969, 3 January 1907, Page 1

THE WOOL MARKET.

-i-vocoiifc auvicois lioiii Xiomu oxi)l«iu I'uUiiU ivu LJiU liniC uaj.xi.o uvc;* - tiio I)l UuiUi'U WUt/i ina.iii.OC cany hi a'OvtJiuoei-. xiicy pxovo tno ucciuiiuy Ui liio iautwuoui. WO iiiuUO. UC IliO tiiao unit a pxojioaneou * ‘Dear J movoxuoiio iiciti boon going on in that maiwot. inoro Wcu> apparonuy a tloterhuiiod oil or t to loico wool values clown boiling “forward” at Less than current pianos. iu boiuo extent it was temporarily sticcessiul. jLiut. as an O.S.J/OX-C ooiresiioiiueiic ot a leading nnaneial paper in JLoiidoii remariceci, it was “dinicuit to see the wisdom oi cuioet importers, in jjrati lord agreeingto deliver super uu s tops, none Junm ary, ireoruary and iViarcii at per 10. less tiian current value, and A ustraliau sales will Imvo to alter niateriauy u uiey are to come out on Luo sitlo. As wo know, tlie only 1 alteration in Australian sales was in * the direction oi still higher prices,' and tile same movement was noticeable at the i'iow Zealand sales, despite the action ot .Bradford firms which, wo are told, took a “future’' sales ot crossbreds at the beginning of Am ember “in order to atlect i\ew Zealand sales a fortnight later." It ? tS“‘'¥ at tile time some oi tiioso who were resoponsibie for these transactions would have good luck it limy did not live to regret w r 01 , Cy ' As lfc Proved, the bears ~n Ai to nave a rude'awakening, for oi lUonday November 12th, the narUt suddenly changed, and sellers of low crossbreds wore asking a penny ; ' I M,mo cases three half-pence woel- lb m, lUol i e r l thiU i lu tho Previous , ' e °' tiio cluef factors in the <“n Jar «e purchases by AmortZoaliuid^wool ba n° thcu ' with Aew re-dised Jr ut thc Prices i caused at die opening sale« of tl,e ‘dW’,,.d"‘ P ? Si f ioU of those who sold line,,, . - at ! ovv rates must have fe-li.!?T^7 gly uncomfortable, bet seem likely" will not, at an'even tl- a recede I*™** .sent 'rim p, (1 h- ’ lcccac at jjrcj liic Iji adlord corresMoiifl«»»f /• contemporary, tin “Vd , P not see that woo! will b„,n " f c; '"~ ios” S gW“W isr*, < SrssrS ßi m-rs are receiving plenty of orders and crossureds should benefit if tbo urge Japanese order for Miai, which ’ legarnotl as probable, is received Invents may, of course, occur to dim the bngn t-ness of tlie prosnect for wool growers, hut for the present, as far as can ho seen, they have cause for confidence,— Press,