GOLDSBROUGH’S MONTHLY WOOL CIRCULAR.

Dunstan Times, Issue 826, 15 February 1878, Page 3

GOLDSBROUGH’S MONTHLY WOOL CIRCULAR.

—■o We extract the followin'; from the above; during the month, and ‘16,3G4. bales have been sold out of 23,775 bajes-catalogued ; thus making a total of 142,645 Bales offered and 104,684 bales sold since the commencement of the sales in October. There is a fair quantity remaining in the warehouses to offer this next month, and the arrivals continue, though on a reduced scale, the season being evidently drawing to a close. Prices are hot so firm as they were last month, which is to some extent attributable to the lots now offering being principally inferior to ordinary descriptions, as is generally the case towards the end of the clip. The prevailing uncertainty about the Eastern question, and the unsatisfactory state of trade in Yorkshire and the manufacturing districts generally, both combine to depress the market ; and buyers are disposed to act with caution in view of the possibility of England being involved in the war now going -on between Russia and Turkey, Tho fact of such a large quantity of Wool being held over from tho November sal's shows clearly that consumption is not keeping pace with production; and although there may be spirited Competition for good clips in February, we doubt if other descriptions will participate. The shipments from the colony to date show a decrease of 22,305 halos, the total shipped being 220,351 bales as against 242,656 bales at the corresponding period of last year. We are also advised of a diminished export from Now South Wales, and it is certain that there must be a deficiency in the yield from Australia generally, but We cannot give a reliable estimate until the season is further advanced. We learn that the losses of sheep in South America, also in California, have been very considerable during the past year, consequently the quantity available'for consumption will not bo sd large as was anticipated. This should exercise a favorable influence on prices, more especially for'sound-conditioned clips. 5071 bales have been shipped direct to the United States from this port during the season.