PROSPECTS IN THE WOOL TRADE.

Evening Post, Volume L, Issue 51, 28 August 1895, Page 2

PROSPECTS IN THE WOOL TRADE.

fPBXSS ASSOCIATION.] Stdnbt, 27th August. Wool merchants interviewed with reference to Mr. E. M. Young's oabled opinions as to the prospeots of the wool trade, oonsider the forecast altogether too* optimistic The cablegram, they say, is really a case of speoial pleading for tbe London market, and is intended to give Australian growers such a Mew that tbey will not sell looally, but will ship on the strength of the rise oontinning throughout 1896. The outlook undonbtedly is most favourable, and indications point to a further improvement, but there is, they add, no reokoning on the contributing oanseß, and it 'is impossible to predict. It would be bad polioy on the part of growers to ship all their wool to London, as better prices might be expeoted locally, and a noteworthy faot is that a rise in England is generally anticipated by several weeks in the oolonies. Prices depend largely on the oontinuanoe of the improvement in the American trade, to whioh the riso ii mainly due. If the American demands continue as strong as at present, and as is promised, no doubt the expectation of an improved market will be realised. ~ ' '■