The Hastings Standard Published Daily. THURSDAY, NOV. 12, 1896. THE WOOL SEASON.

Hastings Standard, Issue 169, 12 November 1896, Page 2

The Hastings Standard Published Daily.

THURSDAY, NOV. 12, 1896. THE WOOL SEASON.

1" r tie c;i;hai lac'-- nv-i-tru" i>r tl.v "v.vn:.. - thru :v'! re,-;>u;:v:c, i"or ii':e in the '.'.i- ;a:;oc, A:".'i tli-- :1 that v.e c;tn io.

-0 to il.ie unfavorable weather -!iviuiiig operation* have bec-n delayed m :r,v U;C;i!iti<.s. In the Wairarapa rict it is that the ileck- ! o-.viii.T- rtre a month b'-hind with the | t]h\ while the -ame compiaim is made ; by the -beep farmers in the district 1 :mucdia ..-ly r-urroiui«'ling Wellington. In tliv Manawatu and Taranaki dis-i-ir.-i «lK<unßg is not as forward iik u The Wellington wool broker-, who conv.-mplatrd holding the hrst sale of the reason this week, have fotiii'l it nectary to postpone the opening until the -hh IHcumber. The postponement will, we ibhik, be favorable to growers. a- by that date thetone ot the next London wool -ale =-=. which br-giu on the 26th iu-st., will be -fully known. The general tciulency of the wool market since the close- of the London saks last month bas been •••;-. while tno heid ill Svdnoy and Melbourne during last week show a distinct advance in prices. In Sydney the closing ?ales showed an advance of from to -?k1. and tho sa!e< throughout the week were characterised by extreme keenness. vigor, and determination, reaching almost to excitement pitch. In Melbourne .superior wools advanced 7 >. per cent., and both in Sydney and Melbourne the prices realised were

fully ijn io the oviotrttioii-i of twelve f months ago. Of coarse. Colonial j sal;- are regulated In- English ami Continental prices. ami from those fj tarters the laic.-rt cables convey tidings of a general improvement. In Bradford prices have hardened, the market being animated. The improvement may bo safely attvib.ue-1 to American influence. (>•.. itia" to the political upheaval attending the ik-ction of a President of A C 1 - -ue», nil the su-ioas-ness of riie isr-iw involved, American maimfac'Lurers have boon hard pushed a;id *ou,s;!i; safety in idle machinery. What 111- condition was prior to the ih e:ion i< .succinctly <rivcn hv ihc U'Vinn Herald of fieptunbov 11th, as follows : it is claimed bv prominent wool iwrehants. also in -die banking business, that with ea.-y money there would b 1 :i bag lie>Velilent ill wool. Mtuiufiieltu'crsj who would like to buy a good de.il of woo! do not dare to inciaase their obligatioiH under the present money rate* and uncertainty us to whet the wiiJ be in C'U days from this titvu-. Mtumuc'.'ivm who bay w.aTi u!i uO days ;uv in* oi them in the Ji.ti-u of dk-coun'in;; thc.r bit'!-, bat or, viU- they Ui» aot do till-. tioi ivi n at u wry high rate for liioncv. bar the simple > ca-on that the i:;. •:<,is 3;ot to be had. It is very true that WOs.il going loin ocm--m!Spf.Oil is one of the lii-t reoomtoo m an active mar!.'.'!, bat it mast be »vnium-in-i'i.d t!ad very little wool has been bought of if!".e, aial " 1 iut colt--., ota-ntdy mamifncttm rs are i.i po-iuon 10 lake Uianv million peatmb- of wool raid do nothing more than bring tie ir-n'-eks it]) to normal, and et.rrainly im more wool than the} Wo It id be delimited to own at what it would eo.-t tia't.i on the ■ma rkot <>l to-day. That a great deal «>f way,! is to y aid .luring the coming -i>. months there is ma the least doubt in the wor! 1. tho.r«Hi r. i< naov !,! t'ue v .eton ot a good ileal of idle Sitichisiory, The iong-ei; the machin* ry i- idle the greater wili be the <1- d- wii-.-n tie- mills -ao start. For th.- : ret:-on prudent manu-

laeyreis lrf. o an tu ri)-" Vv'oui i oi' M - 1 ! : l V.'' The dotti»;-- ;»]nl ttiro rraintits ol the na.iiny.ii'y proiuiOi r-MUil which :liv I'ri'sid.'uital eloctio!] - cent red is dis|>ol!c«l by tin; I b Cilo) 1 of major M'Km-L-V. I. !i" I'ls '--alt In. ft' CL ! t,: 1 1 I'll'thel'moro ii!e-]itit.'.l lit- Iky.)taction jO'lk-y. trfuri which it may i>" infiTred thai WtXti tnar 1-f.a-ibiy >ti!l remain !>n tlie irt •> iis•. or at trio-t he subject to a very ia r«,-r. bcii:tr the possjiiiii;;a-', tin; Ai.:er;c;tl]-. tvliO have st'tdio't-Iy lit, l l -1 t::oof Iro'tii tlie 00l markvt. may now he expected tu operate very iVtely. jCvi-lfciicc hits tit a<l\ b'jon *_ i a n t'ta.t tlie w;ii ee litlj'istg' kii-ya-Iy. tile! to this iaCC i- : j l '-' l -)- L.toly i'tii'j the ;td\atiicc in prices alia .atv rtoorterd. Froia [a'O'.att ltidictutoiis it woaltl appear that k-!tc-r prices wiil be realised for wool at the ajiprcavhin;; London sab hat beyond that it- U impossible to forecast the tone of the market. The that woolgrowers have to consider is whether it is in tea' to ttihe aiivanu.ige oi' ih<« local • '•!* cisii-iyu u» i-.uiiili,»ii. iotisly til-' lie-; taeir-e for tilt' woob-growers to uai'pt 'is to : itn iio ii.-'t-a ar.'l th« ivfore uisVi it r to roaii.-a baa'dly, and this .•jisoulu he done as soon as po-sibie af'er sfa..ariiig. A grower wlso ships his clip for .-me in London is practiCttilv eaiiibliric. for hv tiiis coiirse ho ik ii) raieiy accepts all the ri-ks, and virtually -peculates on tlie chances. To successfuliy speculate in wool one needs to be in cons.ant am] direct communication with the consuming cento - ami to have an intimate knowledge of the vnnations of the mark When those who btive made a iiie's -taily ot the subject often im<l themsilvc-s what are the chanc-s of sncce-s for the colonial woo!-grower, v.ho i j iiroto'indly ignorant ot everything connected with ihe market. A prompt realisation of the clip at the Lest market price of the .lav is a safe policy for the average sheco-farmer, and this Doing so the salts held in the colonies famish him with the ovpomtuity of doing what is right. Who is able to predict the eottrsa of prices at the January sales, and yet that is the earliest London -ale that our farmers can cot. Ik-fore January many things may happen to disturb the market, and not the least of the risks that surround the market is that of Avar : bat in spite of ihe uncertainties there are many farmersprepared to speculate on the chances.