Wool Prices.

Manawatu Herald, 28 March 1899, Page 3

Wool Prices.

Some singular features characterising the .wool market at \h> present time are well worth recording (writes a London corre?pondent). and the more si because otherwise there may be considered heart burnings uraong the producers. American competition has bad n most remarkable. eff ct upon prices of certain clashes of cro^bred wool, not fine and yet not •• wasty." And the buyers from the other side of the Atlantic appear to select parcels her. and there f>r no reason that the majority of wool brokers can under stand. When one buyer flnws en inclination for a parctl, a competitor will run it up regularly to 21 per lb above what Bradford buyers will pay. When the returns roach New Z-a--land famera will probably be unab'e to understand ifc. "John Smith," lot us say, will find his wool pod a' B£i ; hi 3 neighbour, '• J »hn Brown," whose wool has been j ist as gond and of equal current, value, will only get 6d. I know myself of one psree' carefully valued in sample at HI : on being valued in bulk by agent and broker, the highest figure it con<? possibly reach was put at 6^3. Yet this very parcel sold at; Bb. wh le another similarly assessed only reached the 6}l. Th-js the smart Americans, in their keen competition have b?en miking each other pay through the nose to the benefit of individual New Zealand producer?