WOOL.

Nelson Evening Mail, Volume VI, Issue 190, 12 August 1871, Page 2

WOOL.

Messrs. Jacorab, Son and Co. have the following remarks on the present state of the wool market : — " Since the close of the second series of public sales of colonial wools, on the 16th ultimo, this market has worn a firm and healthy appearance; considerable inquiries for greasy wool for America, scoured Capes and Australians for the Continent, as well as a fair demand from the home manufacturing districts have resulted in about 5000 bales being placed at rates on the average a trifle over those of the best of last sales. Buenos Ayres, Peruvians, and other descriptions have likewise been in brisk demand in England and Belgium at an advance on low rates. Stocks in the centres of consumption are light, and trades seem improving. Ensuing sales commence on 22nd inst., with some 200,000 bale 3, which will leave about 250,000 for two succeeding series later on. Given a good harvest throughout Europe, and peace, we consider prospects for the remainder of the year for wool good, but the stocks we have to deal with now and in the future seems fairly adequate to a good demand. The probable result of the immediate prospect of an import duty on wool into France on our market is at present attracting attention; there is little doubt that with this in view, French purchases at the last sales were heavier than they otherwise would have been." Over 190,000 bales are already to hand and set down for sale at the auction commencing on June 22, and 101,000 bales are reported as being now afloat.