The Wool Sales.

Manawatu Standard, Volume XII, Issue 1744, 26 June 1886, Page 2

The Wool Sales.

BETTER NEWS STILL. PRICES FIiIM^YMAIN^ i : ■ ,• tainTeß. - '•■;■ ■^ : r . IHAREET EIRM; J f, r rates stijll advancWg: (electric telegbaph;. — copyeioht. ) fREUTEB's TELEGRAMS). . , London, June 23. At the wool sales to-day, a catalogue of 1 4,000 bales was submit" ted. Prices throughout were firmly maintained. Sydney, Riverina, and Adelaide scoured and greasy wools were m good demand at an advance of 2d and 3d per lb. Greasy wools of low to inferior qualities were 3d to 4d higher. , Short Sydney and Port Phillip wVdls advanced 2d to S|d per lb. Xew Zealand; wools ranged abciui -i^d above prices obtained at last sales. Fine cross-breds about Id -higherv--^ ; ; ■''.•■ '■■'.'•■ '■ • "-.. r '■ ."

r T!be ne,ws of .the further ; substantial rise- m the price of wool will be welcomed m all the Australasian colonies, as »iak« ing the difference to a large proportion of their inhabitants between straightened and comfortable circumstances, and improving the worldly position of nearly the whole population. The increase m price seems to be general, all classes of the staple, bringing higher, rat«B, though sbme have improved more than,- others. The movements of the wool market are exceedingly mysterious, and i.aj» as difficult to foretell as tbe weather. Rises and falls m price are often unforeseen by the shrewdest cora r mercial men, and as m politics, it is almost always the unexpected that happens. Whether the present iucrease is to last or not, it is something to know that i number of. growers are nowtnuch better off than: they had a reason to believe they were a few days ago. — 8. Z. ; Z IT.. j ... ' y .;