LONDON WOOL REPORT.

Hawke's Bay Times, Volume II, Issue 75, 4 December 1862, Page 6 (Supplement)

LONDON WOOL REPORT.

Si-rT. 21, 18(32. The third series of sales this year commenced on the 31st July and closed sth September. The total quantity catalogued consisted of 29,772 bales Sydney ; 25,351 bales Port Philip; 9,213 bales Van L'ioman’s Land ; 8,998 bales Adelaide; 15,82(3 bales Xew Zealand; 139 bales Swan River; 15,853 bales Cape. Total, 102,181 bales—being the largest number of bales ever catalogued in one series. It is remarkable that so large a sale should have found ready buyers throughout at such uniform rates, the only exception being very faulty and inferior sorts,'which about the middle of the sales were in favor of the buyer, and severaldargc parcels wore withdrawn. For all good and well-grown flocks the competition was spirited throughout, and towards the end of the sale all better descriptions were more in demand at rather higher rates. It is worth noting that (ho high price of cotton had not led to any speculative demand in our market when the low range- for wool—all things considered—would, under ordinary circumstances, have left a fair margin for profit had they been held ; but looking to the fact that wool is cheaper than cotton, it is somewhat surprising that fin's was not seen, and that operations of a speculative character were not commenced earlier. This feeling only displayed itself during (ho Inst three days of the sales, when some large purchases were made ot that character, and since the sales closed to the present date, our market has been very lively with a steady demand for all sorts at Id. to 2d. advance on the average of the last sales—speculators being ready buyers to any extent that holders would sell at this advance. Sonic recent arrivals (chiefly Cape) have been sold at about 1 Id. advance, and a few of other sorts have changed hands, the aggregate of which may be computed at 3,000 bales, We think as a rule it is better that importers should await the sales and allow the intermediate

demand to be supplied by dealers to whom we must look during the heavy sales, and it is to their purchases we are always indebted for the uniformity of prices. This was very evident during the last series, when dealers bought very heavily, at least one-third to one-half of all the wool submitted, and it is only fair to them that the interval between each sale should bo left them to clear stocks. Range of Prices of New Zealand Wool.—Superior iloeks in best condition, Is. Bd. to 2s. ; Average to good in fair condition, Is. sd. to Is. Bd. ; Ordinary and ill-conditioned, Is. 21-d. to Is. sd. ; Scoured, Is. lOd. to 2s. -Id. ; Scoured Lambs’, 2s. to 2s. 3d.; Fair and hand-washed skin, Is. Id. to Is. 7d. ; Inferior and Kempy, Is. to Is. Id,; Lambs’, good, Is. Gd. to Is. 9d. ; Lambs’, inferior to average, Is. 3d. to Is. sd. ; Broken Locks, &c., Bd. to Is. Id.; In grease, Bd. to Is. Id.