THE WOOL MARKET.

Wairarapa Daily Times, Volume XVI, Issue 5115, 28 August 1895, Page 2

THE WOOL MARKET.

Semted August 27,10 p.m, Sydney, August 27, Wool merchants interviewed with reference to MrE, M. Young's cafclod opinions ns to the prospects of the wool trade consider tlio forecast altogether too optimistic. The cablegram, they say, is really a case of v special ploading for the London market, as is intomled to give Australian growers such a view as not to eell locally,but to ship on the strength of the vise continuing throughout 1896. The outlook undoubtedly is point to a further improvement; but there is, they add, no reckoning on eontributing causes, and it is impossibla to predict. It would be bad policy on the part of growors, to ship ' their wool to London, as bettor priccjjfr might be oxpected locally, and a notowortby fact is that a rise in England is gonerally anticipated by several weeks in tlio Colonies. Prices depoud largely on the contimmnco of the improvement in tho Amoiican trade, to which the rise is mainly due. If tlio American demands continue as strong as at presont anil as is promised, no doubt , the expectation of an improved market will be realised.