The Wool Markets.

Manawatu Standard, Volume X, Issue 1563, 23 November 1885, Page 2

The Wool Markets.

jWrites a Wellington- pap^rl^P' After years of the .heart-sickness brought on by hope- long deferred, ;. sheep, owners hare at last before them a reasonableprbspect of better daya. , It. is not yet much more .than a prospect, bat they will be' -thankful. -for: even this small, mercy. The November London 'wool> sales were attended! by an -unusual number of buyers, aad the bidding was, brisk^" the prices being fully up ' to the l&t closing rates." The number of bales available ? Jor sale was 150,000, and of these drieV' half were of kit s'easoriVclip. With so much old wool on hand, a drop m prices would 'not have been . surprising; and it , looks well for the future that the bidding should have been unusually keen. That tliereAvas, likely to be an increased detmand for \{o'o\ was evidently the opi»ion- ' of buyers at tiie late sales at Antwerp and Melbourne, and it appears that those m England have the> samebeliefv/Jtil not unreasonable to expect that aa the old stock is i worked off .prices, wil^r,ise somewhat. In any . case there appeart little; danger that sheep-owners will have to undergo this season that moat unpleasant of all experiences with which of late years they have , unhappily . been familiar— ref unding part of the money ara^h 5 'DhHfieirlolips. . The growth r^at-j wjoolis stilly by far the most important * indußtry -which £we l havaj diad; aflj cjjsßes iii the Colony, have the strongest personal motive* for desiring a time of prosperity . for flock-owners."