LONDON WOOL REPORT.

Marlborough Press, Volume I, Issue 49, 8 December 1860, Page 3

LONDON WOOL REPORT.

Messrs. J. T. Simes and Co., 30th August. The thir dseries of public colonial wool sales commenced on the 19th July, and terminated this evening—except the East India wool, about 1,300 bales, which will be sold on the 31st instant, and Ist Sept, and reported in a postscript. The quantity catalogued, of which, with comparatively few exceptions, the whole were sold, comprised:— 23,428 bales New South Wales and Que--20,173 “ Victorian [ensland. 10,651 “ Tasmanian 5,198 “ South Australian 12,078 “ New Zealand 1,378 “ Swan River and sundries 12,260 “ Cape and Port Natal Total 89,166 against 89,406 in Aug. 1859. Also 1,470 “ East India 160 “ Shanghae Total 1,630 Notwithstanding the important character of this series, containing as usual the bulk of the season’s clip, but little has occurred during its course to alter or vary the steady' aspect we reported at the opening. The uniform character of the demand and of the rate of value once established, is not a little remaikable; occasionally, and hut seldom, a slight depression was noticed, but no general or continous languor was experienced throughout, though the weather appeared to be unfavourable for the successful in-gathering of the harvest, which has only just commenced —while prices of grain continued to rise, and large orders were reported to be in course of execution for an import of foreign supplies. It is quite fair to infer that, if an early and favourable harvest had been secured, we should have had increased prices towards the close; whereas, during two or three days of nearly unceasing rain, a depression to the extent of Id. to lid. per lb. did occur. English wool, Which has been eagerly bought hitherto at high prices, has received a temporary check, probably from the same cause; though as we have now brighter days and drying winds, it is to he hoped farmers will realise good crops, and be amply remunerated without drawing too close on the resources of the consumer—in which case (as in Colonial Wool, we expect the supply for the remainder of the season will be comparatively small) firm prices are likely to continue to rule; but the. high rates obtained make speculators nervous, and it is not easy to fortell the continuance of them with confidence for the next season, as unforseen contingencies so frequently arise, even where no clouds are for the moment gathering. . * The German Fail's went off. at rates which restored the equilibrium that was disturbed last year, apparently owing to the Italian conflict. Our home consumers and dealers have been active in their competition with the foreign buyers, and though the latter have not taken so large a proportion now as in the former series their operations will probably comprise 18,000 or 20,000 bales. The prices current will show that prices have undergone but little change; some branches have been decidedly dull, and we have missed the active competition of some familiar customers. Without recapitulating an oft-told talc, that good condition avool sold well, while hurry and inferior were comparatively neglected, as will always, more or less, be the case, we feel compelled to direct the attention of some of the New Zealand growers and packers to the necessity of better condition and more even packing to ensure their fair standing in the market. Stockholders should make it their object to grow wool of lengthly and sound staple, and not clip it to early; when the depression which has during these sales been most manifest on these descriptions will cease to he exceptional, dealers will buy with more confidence, and claims for false package be avoided. About 15,000 bales of all sorts are arrived for the sales in October, but the supplies come in now hut slowly, and begin to show signs of exhaustion. London, 30th August, 1860. P. S.-—lst. September.—The sales of East India wool, which closed the scries, this afternoon, were well attended and the biddings were spirited, maintaining fully previous rates; part of the Shanghae wool was withdrawn. The occasion of these sales was made use of to introduce sundry parcels of Mediterranean and South American growths, between 5,000 and 6,000 bales in all, which, as usual, were only partially sold.

Prince of Wales met very brilliant reception at Toronto ; but conduct of Oraugejnen at Kingston prevented Prince from landing, and has been the cause of much illfeeling. The Queen of Spain has offered the King of Naples a refuge in Spain, in the event of his being obliged to leave his country, and the King has accepted the same. Youngrnan, who murdered his mother, two brothers, and his sweetheart, was hanged on Tuesday to the satisfaction of every one. No one, even those who advocate the abolition of hanging, raised a voice in his favour. Murders and suicides have been very numerous- of late. There is no discovery of the murderer of the poor little child of four years old, at Road ; and the public feeling is greatly in favour of a special commission to enquire iuto the affair, but Sir G. C. Lewis has refused his sanction. Mr. Smith O’Brien has not learnt wisdom by the past, but has been delivering himself of some very absurd denunciations against England, and urging the Irish

people to become skilled as marksmen, with a view at any time of being formed into military companies, &c. Tranquillity has been restored in the Province of Damascus by the prompt and vigorous prcleedings of Fuad Pacha, but there have been more massacres at Baalbec, &c., and the Christians in Palestine are in a state of alarm. There is now a great political stir in the United States, connected with the forthcoming Presidential campaign. There has been a sanguinary fight between the Delawares, Cheyennes, and Arrapahios, and some hundreds of scalps taken, realising one of Cooper’s scenes. Fuad Pacha has hanged 180 persons of different stations in life implicated in the Syrian massacres, and shot about 150 policemen and Bashi-bazouks. Austria, anticipating an attack on V enetia, is making great preparations, and throwing up gigantic works of defence, and by a new line of railway can quickly transport from Vienna men and munitions of war. General de Noue, the commander-in-chief of the French troops at Koine, has signified the receipt of orders from the Emperor to defend the provinces of Rome, Civita Vecchia, Comarca, and Viterbo. Great agitation prevails in the Roman States, and Ancona has been declared in a state of seige, and agitation prevails in all the other provinces. A Sicilian loan for 3,400,000 f. on a 5 per cent. Rente, representing a capital of 68,000,000f' has been opened. Garibaldi has decreed the decimal system for the coinage of Sicily. The new coin bears the head of his Sardinian Majesty, with the inscription, “Victor Emmanuel, King of Italy.”