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New Zealand Herald, Volume XXIV, Issue 8002, 16 July 1887, Page 4

It must have been gratifying to all colonists to notice that during the series of wool sales which closed on the I4tli instant the prices remained firm. About the middle of the season there was a slight weakness manifested in the demand for the finest sorts, consequent on a slackening in the American competition ; but, what is of great importance to New Zealand growers, low crossbreds maintained their place in the market. The total quantity disposed of exceeded 830,000 bales, in eluding a number forwarded direct to the manufacturing districts; while upwards of 30,000 bales were held over till the next sales. To some it may appear that the absence of any quotable change in the prices was not a promising feature in this series, and it is no doubt natural to wish that an advance on them had been experienced. On reflection, however, most people will come to the conclusion that the steadiness of the demand from the opening was the healthiest sign of the market. This shows that the previous rise in the prices was not ephemeral or due to any peculiarity of circumstances, and that there is a prospect of the improved demand continuing throughout the remainder of the sales for the year.