Messrs Sanderson, Murray & Co's Wool Report.

Manawatu Herald, Volume III, Issue III, 10 January 1891, Page 3

Messrs Sanderson, Murray & Co's Wool Report.

The nidi serid3 of Colonial JV.les opOnoJ on the 25th Inst. with a lull attendance of both Homo and (foreign buyers. Owing to the very adprdssed state df trade in nearly tivery quarter, intensified by the late financial troubles, considerable anxiety has been felt for some time of the market maintaining the im p.oveinent established at the previous auctions, and it was hoped, in view of the lig'itnes3 of available . stocks, nnd the not excessive arrivals of the new clip, that no serious shrinkage in value would take plac >. It was at once evidont, li 'wevei' that tins condition was not to b : roa'ised, ju«lging by the flat tono in the room and the hesrancy w'.th whic!i the biddings wore cs tr.icted o.i tho oponing uighc. As eonlpai 1 . d vrt«li last sales closing rates wo qilotb most descriptions of meriuo about ]0 per cent lower, the fall being fu-ly that on faulty descriptions, which are very hard to quit ; good combing scoured medium and all cro3sbred3 showing least deprecia^ tion, being 6 per cent lowei*. '< hg total available For the series, after adding about 85,000 bales held over from last series, and deducting about 12,500 bales f.rwarded direct^ to consumers, will be about 144,740 bales. The total offered to date is ' 29,230 bales, of which 4,870 bales j —16.66 per cent have been bought in. . Tallow— At the auctiens to-day there was a good demand, and the catalogues were cleared at an ad- ; ance of Cd per cwt. j