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Daily Telegraph (Napier), Issue 4945, 22 June 1887, Page 2

Dalgety. and Company's wool circular, dated London, April 29, referring to the sales then just closed, says that_"fme washed fleece wools'generally met with but very little demand.". It appears that there were only two .or three buyers for this description of wool, and they were not very! eager, and consequently a fair proportion of ■the quantity offered had to be withdrawn. This class of wool,- adds the circular, seems every year to meet with more limited enquiry, except for a few extra-super bales, which are indispensable for specialities, and, often make a long price.. At the same time,; the buyers of these superior bales can be' easily counted on the fingers of one hand,; while it -is a remarkable fact that the very', same woql sent to market in , the grease: would elicit three.times the same amount of competition. Referring to the sta,te_ of: trade, ....the' .circular. considers it surprising that the sales should have closed as firmly; as they did. The reports from manufactur- '. irig districts both in England.and orithe! Continent slibwed much."duln'esa; !but stocks', "of raw material are hioderate and had to be' replenished to keep the .mills going. On.thej .whole ,the ; wool .trade appears in;a fairly sound position, and in the absence of disquieting political incidents, Messrs Dalgety! think present values should be maintained, although they doubt, if there.is much chance of any improvement in prices, at any rate, so, long as supplies are on the scale they are' likely to be for the next few moriths, arid, they add, it should not be forgotten, : that •the present average is fully^2s.,per cent, over what was obtainable this thrie last year»,