The Wool Market.

Wairarapa Daily Times, Volume IX, Issue 3036, 24 October 1888, Page 2

The Wool Market.

; The course of prices at the fourth Bevies for the yeur of tlio Loudon wool • sales, which ended la&t week, was.in^-'' ■ the Bame directions as the tione at tho. preceding series, that is : to say, the host woolb established, a. furthor'advance in value, while ■ classes only maintained previoua ■■■■«■ .pricos, and ordinary and inferior sortß suffered a further depreciation, As ' - ' ; the wool season is immediately before , : us ; a comparison of present London . prices wi th those of a year ago is both interesting and valuable. Merinos, i superior quality, is 2d por lb higher; i good quality, Id per lb higher; midi dling from par to Id per lb lower, i Cross-bred, fine quality, is on a par ; with last year's prices; ordinary and ' i coarse, ld f to lijdper lb lower. It will ;■ be remembered that at tho end of iast year tho ' - cross-bred wool made , a substantial ■ ; advance in price. This has now beeu : lost, but farmers "will now receive a v payable price for, this description of . - wool. The downward fluctuations, chiefly affect the small-farmerj who 'is tho producer of the great bulk of ! the ordinary oross-bred wool of tb© % A , Colony. . The'upward movement is- ( almost exclusively' confined to the• | products of our best runs.. Tele* ' , graphic advioes of tho sales of shin- ( rneuts show that the advance .onJift. , best sorts has been balanood ■;■ I fall on othors, so that the averagos of • , mixed parcols come out'about; equal v | to those obtained-in July,vand-muoh r the same as a year ago. Stooks in i London are light. Thopropor- •• : !tion of withdrawals from liwMalo'a |is the smallest recorded, a j long time, tho lots '"(Withdrawn , from auction, and those held over without being offered amounting % \ altogether to some 10,000 bales, or less than 5 per cent o£ the quantity ' - available for sale. About bales of last season's:>olip have now • ■ been disposod of, leaving a little moro 7 " than 100,000 bales for the last series ■ of the year. This will bo added to by tho inclusion in series of t some of the, early Australian clips, - and the series will probably compriso something like- 150,000 bales, a quantity well within tho capacity oK . the trade. There is. evidently sonwifr ■ thing peculiar in the home tradew' ■ ' now. Telegrams and lettors dullness in tho English manufacturing district, and. heavy failuros iu Yorksliiro, while the statistics of the B recont Landon sales show that Home buyers took about 64 por cent of the f quantity sold,- instead of taking less ■ i than 60 per cent, as is usually tho CHSO.

The report of the opening sales of:, tho season in Australia are of an en» , coiiruging tone. In Adelaide merino : wools are realising higher prices than v last years, while the low ,range[ .of prices quoted as having been obtained : • at Melbourne is to be accounted' for by the very nioderato olasß of'wool . offered. Foreign buyers "!Are more ; numerous than ever in Australia, ahd, thoro bids strong to lie a fau\" sentation.at tho New. Zealand/sales. As far as can be ascoHamed 4t: present, the farm clips will bo un«. '■■ usually well grown and sound;, j# may sometimos be heavy iucqmjMi aud wunting in brightness where ma ■ ' sheep havo been long upon turnips. Many of the hill orops will be of splendid growth and condition, but , "> those that experienced tho I heavyflf* snowstorms cannot fail to havo been • r injuriously affected, We would onco more seriously urge upon farmors the importance of and packing . their wool well and faithfully, and would add tlieopiniou that for ordi* . nary farmers clips above all: othors, the looal market affords the safest, ' and taking one .year with another, ; : the most profitable means of selling. —Lyttelton Tithes. .V 1