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Gisborne Standard and Cook County Gazette, Volume IV, Issue 548, 23 December 1890, Page 2

The London correspondent of the Melbourne Leader writes an interesting review of things connected with the wool market. Under date October 3he wrote the following :—The spirit shown in the sale room during this week has been very good, although some would have it that for the very faulty scoured pieces and locks hardly the full rates of the preceding week have been forthcoming in some cases. Owing to the abundant supply of this class, and the very miscellaneous character of some of the catalogues, this may well have been the case here and there, but, on the other hand, good scoureds and all greasies are the shade dearer, The market thus remains practically the same, with a decided tendency in favor of sellers. The continuance of labor troubles on your side of the elobe has not a little to do with this, as manufacturers feel even more nervous than before about the supply of wool for the next few months. It is the more satisfactory to have to report this feeling, as within a few weeks the early birds of the trade will be showing their new patterns for 1891 winter trade, and a firm wool market now and for the next two or three months will make it a deal easier for them to revise quotations on the plea of “ dear” wool. Cloth houses will also be more willing to give out preliminary orders, so that the manufacturers, it is hoped, will be able to see a little further ahead than they have been in a position to do during the past year. It will not do, however, to ignore the fact that a strong “bear ” element is in a state of suspended animation, owing to events having proved adverse so far. Concerning the prices paid in this market for leading brands or portions of clips, which in some cases have previously passed through the colonial auction rooms, it may be remarked in a general way, that the discrepancy between cost on your side and price realised at these sales does not show in all instances a loss to the operator, but when the heavy charges incurred through holding the wool over for such a long period are reckoned up, there will still be a debit balance of a somewhat serious nature.