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Show CLOSE OF LOilf AUCTIONS HELPING SUCH Irt VIKW !' TMK NATIOIS. At v.m:nt)fni:Mi:.v. MiKt Opthnlkilc View Taken of the Wool HltuntJoii Ity 'Hiomi nt the Head of tlu llljc Ktoi-ug t'oiii. puny (i'iimxtn of l4ito Utiw i ' nll4-d I'onnei" AkklnK IiIcin. , In n letter to tho shareholders Just Issued by tho Nntlonnl Wool Waiohouse and Rtornga company n most optimistic nttltudo Is tnken of tho wool kltuutlon and Informalon Is given that tho closo of the London Lon-don auctions until Juno 29th has hnd considerable Influonco on tho Knstern market, giving It n bettor tone, which hns been reflected In tho West at hlghor prices. Or tho market and Its prospects for tho futuro tho lottcr Bays: "Wo havo much confidence In tho futuro of tho woo markot for all grados nnd still feel, as we havo expressed ourselves many times, that growers would better wait until un-til wool s shorn before selling. Wo look for moro activity nt higher prices as tho soason progresses and, therefore, do not see how growors on tho wholo can lose by declining to sell until qualities and shrlnkuge can be detormlnod. "Tho demand In the West has been more especially for medium clips and many growers havo been ublo to realtto their former asking prices, but It seems clear that mer-Inou mer-Inou aro not securing the support they nro entitled to, Speculative huyors ptefer to take the medium ''lips In .full confidence, apparently, thnt tho war will continue nnd these will necessarily go higher. If this reasoning Is cornet It applies Jus us logically to tho finer qualities, quali-ties, for tho old law of supply and domund Is still In operation. "Klockmusters who havo been woolgrowers, as distinct from sheep-growers, sheep-growers, need havo no occasion to ho disturbed over (ho outlook. Growers who hnvo well bred, good 'hnmctcr wool, oven though It Is merino, should not bo disturbed ovor the outlook " |