THE WOOL MARKET.

Star (Christchurch), Issue 5348, 28 August 1895, Page 1

THE WOOL MARKET.

[Special to Pbbbs Association.] SYDNEY, Attgxjbt 27. Wool merchants interviewed with reference to Mr Young's cabled opinions of the prospects of the wool trade, consider the fotecaat altogether too optimistic. The cable, they say, is really a case of special pleading for the London market, and is intended to give Australian wool-growers such a view as not to sell locally, but ship on the strength of the rise continuing throughout 1896. The outlook undoubtedly is moßt favourable, and indications point to farther improvement, but Mr Yonng its not reckoning on the contributing causes, and it is impossible to p re( ji o i-., jt would be bad policy for growers to ship all their wool to London, as better prices ought to be expected Ideally, and it was a noteworthy fact that the rise in England had generally been anticipated by several weeks in the colonies. Prices depend largely on the continuous improvement of American trade, to which, the rise is mainly due. If the American demands continued &s strong as at present promised, no doubt' the expectation of an improved market would be realised.