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Dominion, Volume 3, Issue 840, 11 June 1910, Page 14

for merinos, which arc still favoured in tho worsted coating trade; and despite the general apprehensivencss duo to high values, fine wools have strengthened their position in the llome trade. This is also the case generally on the' Continent, although in Germany the extraordinary rush and demand of last year is not quite so much in evidence. The price of merinos is further' secured by the disappointingly small supplies at the present series. "As regards erossbreds, to-night's verdict lias been more satisfactory than had been expected. In face of the volume of business and tho present rate of consumption it seems reasonable to expect that the values now established should be easily maintained at tho later sales of the year with their smaller supplies. Tho trade, both at Home .and on the Continent; is thoroughly healthy, and the pause in crossbred business during tho past interval, with its attendant depression, may be attributed chiefly to tho unsatisfactory news from U.S.A. The withdrawal of the American support will naturally be felt in the best classes, but there will be n strong spinners' demand, which will prevent any serious weakening. Holders, too, have a' lceep appreciation of the strength of tho situation as regards supplies for the whole year's requirements, and will be slow sellers at a decline. If U.S.A. absorbs her nrcsent stocks without reshipping here, there is not much cause for anxictv."