PUBLIC SALES OF WOOL.

Lyttelton Times, Volume I, Issue 5, 8 February 1851, Page 3

PUBLIC SALES OF WOOL.

(From the Sydney Morning Herald.)

- Messrs. G. and J. D. Jacomb give the fellowing account of the sales of Colonial Wool, which terminated to-day.

• " London, Skpt. 20. —The third series of sales of last season's clip of colonial wool, which opened on the 22nd ult., finally closed this evening. The quantities sold have been— 20,530 bales of Australian, 16,150 bales Port Phillip and Portland Bay, 4,993 bales Van Diemen'sLand, 1,993 bales Adelaide, 953 bales Swan river, 27 bales New Zealand. 5,607 bales Gape. Total, 50,150 bales Colonial, 165 bales East India, and 851 bales Foreign.

. "The sales opened with a large attendance of our own manufacturers and staplers, and a larger number of foreign buyers of all classes than before seen; manufacturers and staplers from France, Holland, Belgium, Germany, whose purchases have been very considerable, the class of wool offered being very suitable for their purposes, which were spread over the series, but were to the largest extent in the early sales, when prices ruled rather lower than towards the close. An advance of Id. to \y x per lb., as compared with July rates, has been obtained for all description, more particularly for lower and middling wools and combing flocks of all kinds, the demand for which is more animated than has been the case for some years; the increased value of English wool, and the large consumption going on having given a stimulus to this description. wools of all qualities with the exception of burry Sydney flocks, have fully participated in the advance. " The quantity taken for export has perhaps rather exceeded the purchases of July—say, in about 7,000 to 8,000 bales. |& " Up to the present time this year, the import is within about 4,000 bales of the total import of 1549. Of this year's import about 7,000 hales sold in February, may be considered to be of the old clip: of the new clip, commencing with and including the May sales, about 122,000 bales have been sold, leaving a stock of übout 9,000 bales in first hands, as nearly as we can estimate.

..."The increasing,.anxiety to stock evinced towards-the close evidences a healthy state of

trade; but it must be borne in mind Unit no doubt many heavy purchases have been made under the expectation of rather short supplies for November and February sales, so large a quantity of the new clip having already been sold. " East India and other low wools are in great demand, and the stock being very trifling, the prices obtained for the small quantity offered have been very satisfactory." The third series of sales of colonial wool of the season, commenced on the 22nd ult., and concluded this day: consisting of 20,530 Bales Australian 16,150 „ Port Philip and Portland Bay 4,9 >3 „ Van Diemen's Land 2,051 „ South Australian 5,724 „ Cape of Good Hope 853 „ Swan River 27 New Zealand. 50,328 lo's „ East Indian. We are gratified in stating that the same flourishing condition of the manufacturing districts which has prevailed for many months past, still continues ; and although the July sales comprised nearly 49,000 bales, the trade was quite prepared to take off the large quantity since arrived, amounting it will be observed to more than 500,000 bales. The attendance of buyers has been numerous throughout, prices at the commencement were fully equal to the highest of the July sales, and afterwards improved,—continuing firm to the end; the buyers fur foreign account shewed reluctance to pay the opening rates, but we estimate their purchases at about 8,000 bales. It will be noticed that a very large proportion of the recent arrivals was from Sydney, and of course, the wool sold earlier in the season from that colony, was very hurry. This great detriment to so large a portion of the Sydney wool this season, is known to most persons to have been caused by the forward state of vegetation in that district, —early shearing is the only remedy that can be resorted to. There was much competition for Combing Wool from Port Philip and Van Diemen's Land. A considerable quantity of scoured wool was offered at these sales, and they commanded very remunerative prices. Skin wool was very scarce. Lambs were in good demand. Cape wool, of which there was a large quantity, sold well. The small lot of East India realized very good prices. THOMAS SOUTHEY AND SON, Brokers, 23, Coleman-street. London, Sept. 20, 1850.