OCR Text |
Show WOOL MARKET ABROAD ISEMMIEST (Correspondence of the Associated Press ) LONDON Feb 19 Much Interest Is belns taken n the wool trade, according to cable advices from Melbourne lndi eating heavy buying by Americana the e. While Boston Is known to want 'wool badb It is be ie ed these purchases are beln- made speculativelj There is still a great deal of delay in transportation and much wool bought during the last auctions has not j et been mo ed from warehou es to Torkshire and other enters. It is currently reported in the market that licenses have been issued here late ly for 14 000 00O pounds weight of wool for America but as th s is rather a high figure It probably includes tops as well as raw material The authorities are keeping a careful watch on pre ent and fut re suppl es of the raw n aterial in order that there shall be no de ay or si ortage on goven ment contracts. Shipments are going forward slowlj owing to labor troub e and the conges tion d fflcu ty Eng sh wool Is commanding e en high er prices than a week ao and from the vay suppl es are bein absorbed there will be practlca lv none of the old cl p left before the new wool s ready The orders on hand for the allied gov ernments will eas ly absorb the "small supply of cro sbreds to be offered at the second ser es of wool auct one wh c is fKed to close on March 5 The amount a al able is estimated at only 32 000 bales. |