LONDON WOOL REPORT-February 24.

Hawke's Bay Times, Volume II, Issue 115, 15 May 1863, Page 2

LONDON WOOL REPORT -February 24.

Opr mqrjcet has remained in the same inactive state as noticed in our last report. There hare been but few inquiries and scarcely any sales, although holders are much disposed to sell and ready to submit to a reduction on the rates current for J auuary. Trade in the north is quiet, and for really good cloths there is little or no demand ; indeed most of the fabrics requiring wool are difficult of sale except good fancies for the spring trade. Excep-

coptionally, trade has been very brisk in some districts in thin and cheap goods, in which but little enters; the component parts of this rubbish consisting of cotton and shoddy, and the prices at which the article is sold (it is said for the German markets) is the best proof of its useless nature, viz., Is. 2id. to Is. per yard. There are already some evidences that the home trade are getting tired of the fabric as cloth, and we should not'be surprised if the bettor article is not in good demand shortly; for although the.fashion has run tor long time on mixtures, it is quite evident, judging from the tone of the drapers, that blue and black cloths, something that will wear, will soon assert their former superiority, and lead to a better demand for the raw material. The first sales of the year are fixed for the 28th of this month. The arrivals to date are 2,840 bales Australian ; 17,702 bales Victoria ; 820 bales Adelaide; 519 bales Van Dieman’s Land; 265 bales New Zealand; and 11,200 bales Cape ; total, 42,336 bales. Also 11,000 bales old wools Gross total, 45,336 bales. The general opinion is that, with the exception, of Port Philip woods, low rates will be fully maintained ; but in these a decline is looked for fully Id. to l-J-d. per lb. The Bradford trade for fine yarns is very dull, and the principal spinners hold good stocks of combing wools from the May and July sales of 1863. Sydney wools, although not much wanted, will sell in consequence of the small stocks field.— Home News.