THE WOOL MARKET.

Stratford Evening Post, Volume XXXI, Issue 85, 23 November 1911, Page 4

THE WOOL MARKET.

The New Zealand Loan and Mercantile Agency Company’s wool circular, under date October 12th, is to hand, dealing with the fifth series of London sales, which commenced on 2Gth September and terminated on 1 0th October. The not quantity available was 128,000 bales, of which 102,000 hales were disposed of, 60,000 bales being taken by the Homo trade, 40.000 hales for the Continent, and 2000 bales for America, leaving 26.000 bales (of which some 18,000 bales wore not offered) on hand. The report states that the course of the market was marked by considerable irregularity, hut save for the host descriptions of greasy merino and crossbred lambs, which throughout realised preceding sales’ closing rates, prices ruled in buyers’ favour, short, wasty and faulty wool, particularly scoured, showing the greatest weakness. As regards crossbred, the most unsatisfactory feature was the further depreciation on medium grades, with the result that for these values are now but little above those obtainable for coarse sorts. Greasy descriptions of the latter, which showed some weakness in the early, part of the sales, under the influence of keen competition, subsequently largely recovered the initial drop, tine grades throughout ruling about 5 per cent, cheaper. For slipo, which was in largo supply, a good demand prevailed, hut for scoured, particularly medium sorts, a good deal of irregularity iu the bidding was manifest.