The Home Wool Market.

Southland Times, Issue 19768, 19 March 1906, Page 4

The Home Wool Market.

A I,(Mill TIME EuK CUOSSBUEItS. Summing lip loC (he JtMl' till- B* U(l----fl, 111 Correspondent 111 Hit' HolltU'l Ml'l'-i-iiry wriu-s ’—Tin; event oi the year has undoubtedly I iron t lit.- great doings in crossbreds, ami UHKi will over br remembered as n sumof s cry great things. L.ast .January jl was thought Unit llio prices iha l ssri'r I Urn ruling wore tun high to last, ami a somewhat imsotUed feeling. accompanied .with a sharp relapse, loolu place up to tlir nul of, April. This was ilia- rut in ly lo importers slaughtering their stocks, and gsuid m,,ary was lost. All tin- while consumption was bring maim aiard at a heavy rale, and when the financial pressure, which trim the sole t ause of the Hurry, had been relieved, a steady and gradual recovery took place. The lowest point Was touched the tirst week hi May. when 11. good -In's toil could Ilf bought at Hid. tty the second week thee had risen a penny, and tile iirst Week in dune saw’ them soiling at 10d. Afterwards i hey had a very steady career, being Worth Ii d at the end of September, Since i hen I lies remained very steady at I'ijd till the beginning of I'ecembcr. when, under \ory strong ’'hear" pressure they have gradually receded. until to-day a good til's can be bought nt loth, ii in I h*ss. The market has purposely and most determinedly sold down hy importers, though it must be admitted at iTd a do’s top is very dear. This certainly is a far different price to what they were at. the beginning- of I ‘diTJ. when tlu-y cculd he bought at 7d i'er lb. The must important item in connect ion with th,.. crossbr.<l t rnde has been the tremendous eonsnmplion. in fact. I am not overstepping i lie mark when I say that this lias been a " boom " year. The late South Atriemi war practically wiped OUT all liceuinul.il ions oi crossbred wools, and when the dapan.-se (iov ernment In nil'll placed large orders for blue serges stocks were further depleted, while another large line of orders being placed early in September was the means of starting a run on coarse qualities, which has lasted up to a few weeks ago. This year tin- orders have been dor ” khaki cloths, ami some tremendous weights o! lib's to Ill’s wool have been consumed. r,i addition. fashions have all been cunning on ''tweeds.” and here again another leg outlet has been created for crossbred wools. All these have combined lo create n big demand. the woollen more than llv worst, d trade supporting these wool.-. Staplers and merchants since las* spring have enjoyed a most profitable time. and the present reaction is etiti rel v due to u desire on the part of users lo obtain cheaper stock, and their determination not to buy only what, they are forced until supplies sensibly increase.