The Wool Market,

Cromwell Argus, Volume XXVII, Issue 1375, 3 September 1895, Page 3

The Wool Market,

Sydney, August 27. Wool merchants, interviewed with reference to Mr Young’s cabled opinion of the prospects of the wool trade, consider the forecast altogether too optimistic. . The cable, they say, j is really a case of special pleading for the London market, and is intended ito ; give Australian wool-growers such a view as not to sell, locally, but snip |on the strength of the rise continuing throughout 1896. The outlook undoubtedly is .most favorable, and indications point to further j improvement • but Mr Young is not, reckoning on the contributing , causes, and it is impossible to predict. It would be bad policy for growers to ship all thpir wool to London, as better prices ought to be expected locally; and it is a noteworthy fact that the rise in England is generally anticipated by several weeks in the colonies. Prices depend largely on the continuous improvement of American trade, to which the rise is mainly due. If the American demand continues as strong as at present and is, promised, no doubt the expectation ol an improved market will be realised.