Wool Markets

Feilding Star, Volume XII, Issue 103, 21 February 1891, Page 4

Wool Markets

- It will be remembered that a good deal of the speculation prevailing in our local wool markets 12 months and *- 15, :uio'uthb ago was Imsed upon the expectation of largely decreased sup- ' plies' of wool from the jßiver .PJnte andalso, to some extent, from South 'Africa.,', As, however, the value of /Wool! fell-heavily throughout last year, instead' of 'risiuic, uo one seems to have taken much, notice of the causes expected to make for a rise. (,The complete .statistics for the ;year t lß9o, which have just arrived by the mail, showed that the expected .decreases ..were realised. The supplies,, of , Eiver Plate wool fot 1890 , amounted to only 317,000 bales as -/Against .421,000 bales in 1889, the decrease (104,000 bales) being about __2o_per ceut. We have frequently re,i erred to* the instability of the woo) industry of the Kiver Plate "as compared with that of Australasia. _In the latter countiy the pi ogress jfrom.-poiut to point is fairly steady continuous, aud is ouly occasionally arrested by an exceptional or national calamity. The "River Plate iudustiy, so far as can be -"gathered from its expoits of wool, ie -Muuch muie inegular and spasmodic x iv its progiess. To tiud a year duriu g .\vhioh th» pro luution was as low as it iWas last year we have to gt back nine years, to 1 881. In 1882 -the production rose to -344, 00 C bales', c«nd reached, 402,000 bales in 1885, 1 the. year befoie^the great collapse, falling >to 342,000 bales in 1887, ii irobe to :421,000 bales— the highest ii . has. ever , been — in > ■ 1 889. Fi om th« -high, -nowKver, point it fell in one L.yeafl t0.<"817',000 > bales.-' Melbournt - , Lo^ don, 1 February 18Best, tuu.ton, 26s 6d to "2?s; Vest beef, 25s> to 2os 6d - The English w heat market shows a /general- 'advance -of bixpeuce. Tht "Continental is firm, and the AuaericaE -' New Ze'alaud loug--berried-wheat is quoted at an aveiagc Of 39si " r - • F brunry 19. The wool market cuntiuues firm, road' bidding i? Bpirited. The quality oi the cheese landed from the s.s'. Kua'pebu, from New Zealand is'iiregular, anii some is very infeiior p .Th*e suipmeut is ledlisin-g from 46s tc Jt&s per cwt.