WOOL.

Lyttelton Times, Volume VII, Issue 436, 7 January 1857, Page 5

WOOL.

At the departure of the Koyal Charter, the wool market was on the rise ; and those (says the Economist) who made purchases at the colonial sales could obtain a considerable profit if they desired to re-sell. Purther colonial sales would not take place before the last Thursday in October or the first Thursday in November. The Northern Times of October 2nd, reports on the Liverpool wool sales as follows : — We have had the September series of wool sales going forward here during the past week. One thing remarkable in the proceedings was the very small supply of Australian which was offered. This shows that at present London enjoys the monopoly of the Australian wool trade. We have referred to the matter in another article, which will be found elsewhere. We may remark that such steps have been taken, and plans adopted by the wool brokers here, for the sampling and showing of wool for sale, that staplers and manufacturers can easily satisfy themselves of the quality and value of the lots intended for auction. So satisfied were the trade with the arrangements made for this purpose, that an extensive manufacturer, on the first day of the auction, rose in the sales-room and said that he wished, it to be made known that nothing could exceed the facilities adopted for inspecting the wool intended for public sale. This would give our Australian friends much encouragement, and inducj them to send forward their wools to this port, whereby it will be placed within a shorter distance from the manufacturer. The sales have been well attended ncre —several French and Continental buyers were present, and rather increased prices were paid.