LONDON WOOL REPORT —April, 1861.

Hawke's Bay Times, Volume I, Issue 2, 11 July 1861, Page 2

LONDON WOOL REPORT —April, 1861.

Since the close of our last sales the few contracts made have been chiefly for export, the qualities taken being for the most part Cape, which at the earlier portion of the March sales were much depressed, and a profit of Id. to ltd. was readily obtained on this description by the dealers. A few first hand parcels of Port Philip combing have changed hands both here and in the north at about last sales rate to a shade in favor of the buyer, a general feeling existing that rates cannot be higher, but, on the other hand, in favor of the buyer, as the large arrivals expected may reach 100,000 bales ; if so, it will be the largest number that has ever arrived in time for one series.

The arrivals to date are 55,000 bales, and as the next sales will not commence till the 9th orlGth of May, the anticipated import may be fairly looked for.

The easier state of the money market, coupled with a rather better feeling in the north, may assist materially our market, but as the prospects of harvest influence to a great extent our dealers it is difficult to hazard an opinion as to the probable range of prices ; it may be fairly assumed that rates will he a shade in favor of buyers, particularly in stapled descriptions, and it will bo gratifying if so large a quantity can find buyers at a reduction of Id. to l per lb.