FIRM TONE OF THE WOOL MARKET.

Evening Post, Volume L, Issue 25, 29 July 1895, Page 2

FIRM TONE OF THE WOOL MARKET.

|>liZ6B ASSOCIATION. I (Received July 29, 10 30 a.m. m London, 28th July. Tlae total quantity of wool catalogued a p to the end of the week was 319,200 bales, of wbioh 327,200 bales were sold The bidding yesterday was spirited. The catalogue oomprised good selections, and prices wero very firm. American buyers made heayy purchases. MsiißO-mNE, Thts Dat. The London correspondent; of the Argus, writing under date 21st Juno in regard to the coming wool sales, says :— New Zealand ia heavily represented, and so far as the prospoots can be ganged the olip has arrived mo3t opportunely. Growers will find a strong rising market for the coarser grades. It is evident that bright-haired wools have entered npon a now lease of life, and there Booms every probability of the decline in values beinff recovered. Now Zealand growers may congratulate themselves on their good lnok, for until a week ago people expected that the heavy arrivals would have the effect of weakening the values of the New Zealand orossbreds so largely offering. The New Zealand wools for the coming series have naturally excited some oomment as to the quantities sold looally, compared with the amount sold in London. As the local anotions in New Zealand, aa is well known, arc small compared with those of Victoria and New South Wales, there is a strong feeling among the buyers and largo consumers hero that if some steps oould be takon to centralise the market in New Zealand and so make the business more easily workable, largely increased support would be more readily given, and a success similar to that experienced in Sydney and Melbourne micht be expected. If one large oentral market in the North and one in the South Island could be established, an impetus would be given and an induaement held out to buyers that would prove eff eotual to the worth of the local market. Stdnet, This Day. . The rise in wool in London is affaoting the local market. Two lots have been placed at Is l|d and Is 2d respectively. The latter is tha record price for the ourrent year, and Id per lb above the top quotation realised at the last auotion salos either in Sydney or Melbourne.