ENGLISH MARKETS.

Lyttelton Times, Volume X, Issue 627, 10 November 1858, Page 5

ENGLISH MARKETS.

IX)No6n WOO!. CIBODLAK. , The second series of sales of colonial wool of

the season commenced, the IStii ultimo, and will conclude on the 23rd inst. . The following quantity has passed the hammer up to the present date:-—

Port Phillip 22,977 bales. Sydney 15,604 " South Australia 5,426 " Van Diemen's .Land 6,617 " New Zealand 1,926 " Swan River 558 " Cape 8,615 " Total 61,723 bales. There are about 15,000 bales of all sorts to offer. These sales opened under very favorable circumstances as regards the progress of the harvest, state of the Money Market, and improved feeling in the manufacturing districts. Prices began only moderately, but immediately improved, and continued firm for some time, when a slight weakness became observable, but only manifest a few days, and then again rallied, and will no doubt remain firm to the end. The advance on May sales may be quoted at 2d. to 2|d. on the great bulk of the better conditioned and well bred wool, finer qualities commanding relatively the highest prices, receiving much support for foreign account. We estimate that fifteen per cent, of the whole hitherto 3oid have been purchased for the Continent, principally France and Belgium, and they are still buying freely.

The catalogues show but little advance on middling qualities of Port Phillip wool, especially in defective condition.

It should ba borne in mind all the abcr. c c incurring cases cannot combine again to favour the early sales of next season, and that seldom so many fortunate circumstances—foreign and domestic—can be looked for with confidence to assist our sales even at any time. As in. the May sales, a large proportion of the growth from Sydney was stout stapled, and quite adapted for combining purposes. The demand for low and middle lambs wool was languid ; finer sorts were in more request. There was a small supply of skin wool in good condition, these sold well.

Low kinds of Cape wool, although light in quantity, were not in imich request, but those having good proving qualities fully maintained their relative position with the approved flocks of Australia.

T. Sodthey & Sos, Broker*. 23, Coleman-street, August 16, 1858.