OUR ENGLISH WOOL LETTER.

Otago Witness, Issue 2170, 26 September 1895, Page 7

OUR ENGLISH WOOL LETTER.

CURRENT VALUES STRONGLY MAINTAINED. (From Our Special CoitßEsroxDKVT.) London, Jaly 26. Tho doings in the Wool Exchange this week remain practically the same as last. The sale. have piogressed with good spirit, and tho tone of the market has continued very firm. This is mo'.e p'uticulnr'y tho caso with all good-con-d;lirm«d parcels from medium to super quality. A ! though this ia the fourth we«k of (lie present fcries, ytt the catalogues daily submitted contain such a good variety of useful woola, suiting all trades upward frcm the hat manufacturer, that a ltrge tiumber of buyers continue to attend, and each sale lacks nothing in the shipe of active, keeD, continued competition. One pleaoing feature ia the waking up of the French and German operators to the real facts of the case. Hitherto thoir sceptical idms that the opening and second week quotations would totter a lid fall led them to practically abandon all buying, hut sale after sale passing off with extraordinary 6pirit has been the means of knocking their prop from under th«;m, aud at last they too have plauged into the fray. A« usual, mfdiutn wools, whether in the grease or scoured, have attracted their first attention, and cxknsivo pureh-ses bavo been made, and likewise their inquiry has extended to fine descriptions, while New Ze-land crossbreds have also shared their increased inquiry. Shortstapled and faulty lots do not bitray that irregulnrity of a week ago, the French section buyiug liberally. Americau buyers still manifest their sp«K!ulative nttitu_«, aud thi a ir influence is still felt in the right direction. Good ehafty Queenslands seem to have & special charm for them, and the good- grown clips have sold remarkably well, chiefly through their competition. New Zealand crosfbreds of all descriptions, but more especially of coarse grades, still maintain thoir unique pesition. Fine atroDg lustrea and deuai-lastre* have also beeu fancied for America, good medium sorts have been takea for continental requirements, and both fine and coarse qualities for Home employment. In Capes and Natals the descriptions moat f Accied have bsen greasiea of good staple, and these have said most readily for America, but faulty, wasting duscriptious hang fire, and are a little irregular in price. Fleece washed continue to move ou the basis of opening quotations, and snow-white", although in better demand, sc-icely show any improvement ia value. Summing up the position of affairs, prices are exceedingly stiff for wcols of good character, and inferior parcels sell be' ter, the good inquiry being st4ll nja'utiiued. Sold by Messrs Hy. P. Hughes, July ll:—Hover7 :— Hover Peninsula rGieasy— s6 bales crossbred 9i'l, 34 fchreequarterbml lOd, 89 Leicester 10J, 59 haifbred 9d, 7do super Bd, 7 croisbrcd 7}d, 7 do 7£d. G over Peninsula : Greasy— 2l croHtbreid 9Jd, 19 threequ*rterbrcd 10iJ, 15 Leicester OJd, 21 half bred B_d. 9do super Bd, 12 crossbred 7Jd Waverley : Greasy -90 Leicester 10J, 25 throe-quarterbred lOd, 25 do 9d, l(i crossbred 9Jd, 13 do lid, 33 haifbred 9d, 21 crossbictl mixed Bd, 10 do fiisfc pieccb 7d, 17 do 6Jd. X over Gladfi^ld : Grc_*y— 3o Leicester 10} d, 20 do 10 J, 19 thrce-quarterbred l"d, 18 do 9J, 14 fmo cros-^bred 9_<l. 3(i do BJd, 12 first piycea (s}d. Leslie Hills : Greasy- C combing Jirst B_d, 32 do H BJd, 83 do Bd, 51 do 7M, 20 do second H Nl, 9 do 7}d, 51 pieces II 7Jd, 23 do B GJd. Apley : Crreasy — 32 crossbred first ewei lfjd, 19 do W lOd, .0 do II lOd, 33 do second E 10J, 13 do W 9_d. 18 do H 9.d, 21 do X 9J, 6 do W BJd, 9 do H t_d, 8 do third E «Jd, 16 do 11 9_d, CO do foiuth X 9jd, 14 do W 9_d, 14 do BJd, 4 llumar y rams first 8, lb" crossbred first larubs BJd, 5 do second 7i'i, 27 do pieces 7_d. T over Cl at ha : Scouied— lo' line crossbred tirst conibiiig 164 d, 21 do 153, 5 do J3Jd, A Leictster do 13d. IIL joined ovor fuki-Tuki: Glea^y— Bß crossbred (J lOd, 19 do II 9_<l, Cdo DD 9H, 7 do H lid, 97 do D 10d, 3? do U Oid, 14 do E 9Jd, 32 do 9d, 0 Lincoln lambs BJd, 19 crossbrei iiv_t pieces 73d, 19 do second 71«1. 20 bu-llies 7d. Sold by Mos-srs Btixto-i, Ronald, and Co., July 18 : -Triangle over CJN : (4iea»y— 62 bales B croi.bied lUd, 85 O do lOd, 75 F do 9Jd, 20 first do pieces 81, 16 bellies 7d, 18 first lambs Bd. SL : Greis> — 7 Shropshire croat-bred combing 10J, 114 crossbred do 10d, 92 do 9_d, 29 do pieces 7_d, 19 do B 7d, 1-2 first lambs tid, C secjii'l do 01. Si Id by Messrs Jacomb, Son, and Co., July 19 : — SW over Greer.lee : Gies>sy — 14 bales fine lulfbr-d 7il, GS first combing do BJ, 104 do crossbred Bd, To first ciwsbred B_d, 40 tlnee-quurter-brcd 9d, 39 do BJd, 11 pieces 7i<l Sold by Messro Vhas. lialme and Co., July 20 :— Elderblie over _R joined through arrow : Grease— 14 bales firat cros.bred combing Bd, 9 do 7i ', 22 three-quartcrbred combing 9_d, 43 d 1 9ii, 0 do Btl, 14 second do Bid, 43 do II 9}d, 43 Lincoln 9d, 7 first crosß\n-ed pieces CJd, 12 do Cd AB & Co : Greage -5 first halfbied combing H 10d, 8 do D_d. ti s cond do o_il, 73 fir_t aud tecand crossbred combing lOd, 11 sucoud do 9_d. Dash over 8 over Eciumont : Giease — 31 first combine 7i'l, 15 sec >nd do 7JJ, 19 strong combing 81, £2 clothing 7d, 15 pieces Ijjd. JB ovu 1 It in diamond : Grease —60 first combing GR 28 do oR 43 first haifbred combing 7_d, 19 do 7d, 14 first cio sbr-d combing fid, 12 pieces 5Jd. BB over T: Gre.isy— B first haifbred combing Bd, 44 do 7Jd, 7 first crossbred do 9J, 2.3 do Bd, IS first,, three quarterbred do Bd, 4 Leicester Sd. JH over Wairua ; Scjuicd-8 first combing IHtl, 55 do 14d, 10 do clothing 13id, 12 A and B c .mbiug 12J, 15 first pieces 12_cl, 6 second do 12d, 6 s'u'l do lOd. Sold by Messrs Du CroJi, _)i,.\afc, and Co., July 22. Waikaka: Grease— 32 bales super rom'.iug 9J, 6 first do Bd, 59 do 7Jd, 18 second do 7^l, 33 first clothing 71d, 17 first piec-s C.d, 12 locks 3Jd. 24 haifbred first combing Bd, 10 crossbicd do 9d, 3 Leicester B}d. All the3e clips have been of excellent characteristics, sound in growth, well conditioned, good I length, and have been taken with great eagerness. j A further concentration of interest lws this weik been manifest in the Bradford market, ' with the result that wool matters have occupied

a more prrmincut position than during the past 10 days. To say the lewt thi're is a h''«l« hy condition mauifoatou every hand, particularly so in regard to consumption. Commis«ion wooloombcM — tlnpe men who take the raw wool and convert tha same into " tops " — oftentimes absent theni6olvea from the exchange for several days together, their reason assigned for this uoumal conduct bpii»g to the effect that in consequence of thoir beiug so very buny they want no further entreaties from topmakers to accept further parcrU of raw wool for combing. The aggregate of sates baa been quite up to those of previous works, if not more so ; aud there has b«ea no deterioration in the general tone of the market or tho intoroit manifest in the presoat bright situation — in fact, quite tho opposite is ttu», and it it now very evident that consu'.ncrs who hay« hitherto been very ncc^tical respeciing the keeping up of values iv London, and the posfibilty of any solid, peimamnt edvanco in the price of ra~ material, are at last beginning to rca'ise that the tendency of this market is decidedly in the upward direction. Holders cling most tenacious-ly to thoir stocks, and will not part unltss they reo< ive full current Yaluei, Still, values can well afford to bo moro elastic. From recent percouul contact with sellora of Ek.tiny 601 loj>B thera is not tcuoh money at preseat being made cotnmc-surata with the weight being turned over. If anything, cro^sbcods are by-tier off than meriuos, but there needs a further increa-e in values in the Home market to biiug uvattc-ra into harmony with London ratos. For a super 60j t>p only 18d to 18£ d per lb enn be ob'.niued to-day. English wool keeps very firm in piice, and batiaeflfl very ste_dy. No increaao in price can be reported, but full rates are paid without much demur. The exleueive business which has ie^et>tly been done is the exouxe for the pause, ag users of wool aro for a time protty fairly supplied, and need not onrec the nvirket to any consid-r^blo extent. Bright hoggs are tho most in demand, and command the best price?, and as stocks of this particular class are now Bom«what limited, the new r*n^o of prices is likely to ho suatamfid. Ope mohair is still otrong at 25 d to 26d for the real beat. The situation in the yarn trade has not altered materially, and the Home market continues to absorb the bulk of yarns produood. Spiuners of m>haiv yarns will uot agree to deliver fresh orders <hii side of 1896. and worf te<i yarns for coating purposes are required as moch aa ever. The piece trade ia satisfactory, manufacturers being full of orders for next season's goodi. All branches of the Home and export irade seem to be in a healthy condition.