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Marlborough Daily Times, Volume II, Issue 174, 19 November 1880, Page 2

Puosj'KßfTY to the wool grower means prosjjerity to the whole of this district, and affects the welfare of the whole Colony. It is therefore with much satisfaction wc observe the high prices obtained in the London market for Marlborough wool as catalogued in the New Zealand Loan any Mercantile Agency Company’s circular of 24th September. Locks sheared by Messrs Parker, Bros., and scoured by Mr Fulton, fetched 2s OAd per lb, losing, we are informed, .V) per cent, in the scouring ; long wool fetching Is 7Ad lost 27 per cent, in the scouring. Scoured combing, marked WAN. which we believe is Mr Jfiley’s brand, fetched Is Sid So large a loss in scouring would apparently support the idea that it is better to send the wool home in grease but that all depends upon what price ordinary unscoured wool would fetch. If it fetched Is or Is Id it would be more profitable unscoured, but if it would only realise 8d or !)d unscourc 1 the reverse would he the case. Amongst other good ju ices we notice Bell, 4 bales Is 9d, Carter 19 bales Is BAd, Mcllac Is 7ld for scoured combing, and others of our llockowners are not far behind them. This is certainly a subject for congratulation and from what wc hear there is every prospect of the demand being kept up and of jirices remaining firm. The Murk Lam Express of Sep teinber 20th, speaking of the public sales of Colonial wool then being held, says they were being well attended and passing off with good spirit at hardening prices, and we know from telegrams received subsequently that such continued to be the case up to the end of the series- In Marlborough we are now in the midst of the shearing season and wool in

coming into town from the up-country stations daily for export. The clip is said to bo an excellent one this year both as .regards quantity and quality, and should prices keep up at I lonic as they are confidently expected to do the result will be a vast gain to New Zealand, and especially to this highly favored portion of the ('olony. The Loan Company’s circular of October 7th, received here yesterday says : “ The third series of sales which commenced on 17th August was concluded on 2.7 th September, having occupied .'id sittings. The available arrivals are set down at 329,215 bales, and the quantities catalogued at 291,324 bales. Of the former .‘lß, f >0 bales have been forwarded direct into consumption, and the latter have been increased by Wools held over from previous sales and by parcels twice offered during the third series. It is estimated that inclusive of unoflcredand bought-in Wools fid,o 1 bales have been held over for future disposal. Foreign competition has been sufficient to absorb 1 (10,000 bales. Throughout the second week the hardening in values became more general. The moderate values realised for cross-bred descriptions attracted the attention of foreign operators, and as the sales progressed the situation as regards sellers became much more favorable. Probably during the two concluding weeks of the sales the most animated competition and the highest prices wore witnessed.