ENGLISH WOOL MARKET.

Manawatu Herald, Volume III, Issue 23, 19 November 1880, Page 2

ENGLISH WOOL MARKET.

Tltfferri'te »o the A'igust September wool sales, tue N.Z.L. & M.A Co.'s circuUr of 7<h October »ayK : -Fiulty sco-sred Wool-*, whether of combing or clothing d«s»c ip tii >a, were in full supply, and diffi ;u tof sale. The comparative scarcity of reully go >(1 «hafty merino Wools, whether wished or tfreaiv, had the effjjt of fully «htub!i^h ing pr< vi,.iia values. While, as already stated, th*'y by no meant participated t« the full in the decline at the opening, they ez'ub ted the most tna*ked advance a< ihe sales pro^reS'ted. Clothing Wools continue to command rel «tively much leas attention than com'iing sorts, aid a'tho igh pa- eels of fine MuJ,'ee clip-* were i. ffried under favo* able au -pices during the series, they failed to elicit the mirked competition of previou* yi-ar-t 'I he demand evinced by the foreign section of the trade, more especially f.-r the finer grAdes of crns»-b>ed WV-o'-.'is noteworthy. TliU n.ny have lrendu» either 10 the inherent belief in the moderate lev*) of v linen at which such Wool* stool, or it may b« the pteonraor of more extensive consumption on the European Continent of these growr»h«. MiouM the latter hypothesis prove correct, growers (especially those in New Zealand) of Coarse Wools would do wall to cultivate greater regularity in classificatio and packing of their produce, as also by careful culling of sheep to produce fleeces more uniform in character. Wools continue to bd received from that Colony so mi.oh mixed an to quality and condition in the bales, that buyer* must in self defence so regulate the prices bid for them as to admit of ample margin being left to compensate for the labour of reaasort ment, and the disposal thereafter of those portions which may prove unsuitable to tbeir wants. The competition for Lambs' Wool h»s been throughout the past series disappointing Even for parcels free from fault no advance on June ra*es could be secured, while all burry ar,d fault v kinds were difficult of Rale at irregular prices. Occasionally as the sales progressed, well-grown Cross-bred L%nbs* proved a favorable exception, but even for these, in uoy one catalogue, inconsistent price* seem t'> hive been paid. The great steadiness in d-mHU'I, af-er the recovery from the decline established at the outset, must be regarded ao a hopeful feature for our mar* ktt duiin/ the remaining inon.hs of the present year. Gradually, yet surely, the improved harvest prospeots recorded during the past month h»v» coatribataf in bxio»>

in? about this favorable result. Home buyers are usually the ininstny of the fourth serial auo ion», and on thei* action th« main tenn nee or poyt-ib'e enhancement of values at tha opening on 2=)rd proximo , wiU, in #lgi ett j^easm c, depend. According to the TOO-t recent telegraphic advices it is coinpu ad that ab nr 17,000 balfS of npvv '•lip Australian Wool hive been shipped in time for probable inclusion in the n«xt sale*. Wh ther oi not -<ucb a quantity will prove sufficient to warrant the attendance of Foreign buyers in l'trife numbers may be q e-tioued It is possible that with the view of effcetintt ' tentative purchases, in order to test the "rendement" of the 1880-1881 Clip, iv anticipation of the February sales, they may be well represented. This contingency ought not, however, to be counted upon by sellers, and it will be for the advantage of all conoerned if they be then prepared s» to meet the market as to effeot a clearance of existing stooks, inclusive of the 3«,000 bales estimated to have been carried over from previous Mies.