WOOL CIRCULAR.

Hawke's Bay Times, Volume 14, Issue 711, 23 August 1869, Page 2

WOOL CIRCULAR.

The following is Messrs Miles Brothers 4 Co's wool market report for the Australia and New Zealand mail, via Marseilles <!f London public sales of colonial wool, 2| av , June series : '* The second series for the year, yi\i\n\ commenopd on May 6th, is to terminate to, morrow, when the following quantities wW have been catalogued: — 1869. 1868 Bales. Bales, Sydney and Queensland 40,294 against 31,4 u Port Phillip ... 95,188 „ 87*65(j Van Diemen's Land 7,835 n 6,479 Adelaide ... ... 19634. „ 25,611 New Zealand ... 21,056 „ 19955 Swan River ... 3,507 „ 2,857 Cape of Good Hope 30,299 „ 8^505 Total ... 217,843 „ 206,507 Of the arrivals for this series, which amounted to nearly 240,000 bales, about 7000 bales have been forwarded to the manufac. turing districts direct, and about 15,000 have been withheld, which, added to the parcels bought in, will make a total of about 25,000 to 30,000 bales held over f ot next sales.

The attendance of home and foreign buyers at the opening was hardly so good as usual, and a decline of Id per lb was quoted as compared with March rates, but as the sales progressed, prices continued to recede, until a fall of 2£d to 3d per 'b on nr ost descriptions was established. About the commencmeent of the present mouth a better feeling prevailed in the trade, and a partial recovery in prices took place, more particularly in the better class New Zea* land ; this, however, was not fully main, rained, and, at the present time, we cannot quote any material improvement. Bright lustre half-breds have been in good demand, but it would, of course, be useless for growers to turn their attention to this description of wooL, as probably if any large quantity were to come forward, the fall would be very great, but we think that by the introduction of a few good Leicester rams into Merino flocks, a good useful class of wool might be sent home, which would, doubtless, sell at pacing ratei to the grower. Trade in the manufacturing districts has been very bad, and stocks on hand ara large. It is estimated that of the whola quantity sold, about one-third has been taken by continental buyers. Sydney and Queensland, fine clothing descriptions, of which there was a scarcity, have realised fair rates, but the bulk of the importations appeared to have been neg« lected. and showed deterioration in condi* tion and quality. Port Phillips were in large supply, ard there was a large assortment of well-condi-tioned wool: some flocks were harsh, owing to the use of soda in washing, which is not generally looked upon with favor by the buyers. Medium and inferior sorts sold low.

Van Diemen's Land were, with few exceptions, generally in bad and faulty con* dition.

New Zealand hare been, on the average, quite up to last year's clip, and consider* able care has been taken with the assortment of some brands. Washed parcels of medium quality have been but in poor de« mand. South Australia. —The importations were large and mostly of inferior breed and condition, being short and weak in staple. Swan River showed some improvement in condition and length of staple. Cape of Good Hope have fully participated in the general reduction. From the Eastern province there was, as usual, a very creditable assortment of snow-whites. W« stern province was heavy and sandy ifl condition. PBICES CUBBENT FOR COLONIAL WOOL. Sydney and Moreton Bay—Scoured fine, 1/6 to 1/8; do 1/ to 1/2; fine clean fleeces, 1/5 to 2/2 ; inferior, /LI to 1/2; broken pieces and locks, /9 to 1/; lamb wool, 1/2to J j4> ; unwashed fleeces, /6 to |B. Port Phillip—Scoured fine, 1/6 to */; do skin, 1/L to 1/3 ; fine clean tierces, 1/7 to 2/ ; inferior, 1/L to 1/2 ; broken pieces and locks, /8 to /LO ; lamb wool, 1/2 to 2/j unwashed fleeces. /7 to /LI. Van Diemen's Land—Scoured fine, 1/5 to 1/7; do skin, /ll to 1/L; fine clean fleeces, J/5 to 1/1; inferior, /10 to 1/L; broken pieces and locks, /3 to /10; lamb wool, 1/2,t0 1/7; unwashed fleeces, /7 W

-/9. South Australia—Scoured fine, 1/2 to 1/3; fine clean fleeces, 1/2 to 1/3; inferior, 1/; broken pieces and locks, |7 to /8; lamb wool, 1/1 to 1/1; unwashed fleeces, •/dto/LO. New Zealand —Scoured fine, 1/6 to l/H? do skin, 1/ to 1/1; fine clean fleeces, lfi to 1/8 ; interior, 1/ to I|L ; broken piece* and locks, /S to /tO; lamb wool, 1/1 w 1/3 ; unwashed fleeces. /7 to /10. Swan River—Fine clean fleeces, good) 1/2 to 1/5; inferior, /ll to 1/i; broken pieces and locks, /7 to /10; lamb wool, 1/ to 1/3 ; unwashed fleeces, /6 to /7. Cape Town and ftatal—Scoured fin e i 1/t to 1/6 ;do skin, /ll to 1/; fine clean fleeces, 1/2 to 1/3; inferior, /9 to /Hi brocken pieces and locks, /7 to /8; Isffl" wool, 1/ to 1/1; unwashed fleeces, /5 to /«•. Algoa Bay—Scoured fine, Is Id to I* 2d ; do skin, lOd to Is ; fine clean fleecea, Is Id to la 2d ; inferior 9d to 10; broke" pieces and locks, 7d to 8d ; lamb wool, 1* to Is Id j unwashed fleece, 5d to 7d. (Jood South American merino, washes lid to Is Id ; inferior, dq, do, 84 to lOdi coarse and burry, 4d to 6d ; common do, 3d to 4d ; good merino, pretty free fr°« burr, 6d; inferior and burry, 3d; '?* and burry, 24 to §d,