MELBOURNE WOOL REPORT.

Otago Daily Times, Issue 264, 24 October 1862, Page 4

MELBOURNE WOOL REPORT.

(From the Age.) Wool, Tallow, Sec— Messrs. J. H. Clough and Co report: —WooJ : Large arrivals of the new clip have oeen received into our stores during the past week, and we think we may safely congratulate producers upon a slight improvement, which manifests itself in the manner in which the wool has been got up for market. Our opening sale will not, be held until Thursday, the 23rd instant. The postponement lias arisen from the apprehension that the ceremony oi opening the Melbourne, Mount Alexander, and Murray Kiver Railway, to Sandhurst, and the approachinff race meeting, would interfere with -the ale, if held on the day originally mentioned, the IGth instant. We have no sale to|reporc diwing taken place during the week. Tallow still maintains its price, and an actiye demand for local use continues. A few

small ordm are to hand from Tasmania, which we nndid'.fileulty in executing at limits stated. We-sold several small" parcels at from L33 to Li\> for mixed. We may quote .mutton at from Li 2to L 45. Hides : We have wold hides? during the week at from 8s to l&s each. Hidesi in shippinfr ; oriler, aru;worth.-14s each. Sheepskins we have sold at from 5M to S^d per Ih. ILe qu'-mtity coming?forward is but small as yet. Station*: We have no transfers to report. The Hunter's Island Station be offered by us this mornin"-, previously to the ram safes. : °

. MVssr.« Goldsbomugh and Co. report:—Wool: The arrival of the' Madras, with advices from the Enprli-ih market tii the 20th of August, places us in possession of our correspondence and files of catalogues of the July and August series of sales in London. The sales commenced on the 31st of July, and, up to the date of the mail leaving, about 70,000 bales had passed the hammer, leaving a balance of 30,000 bales still to be disposed of. Prices are not satisfactory to shippers from here, for although fine long combing wools have been placed at about May "rates,'another decline has been submitted to on interior, ill conditioned, and burry, of fully l£d per pound, and, even at these low rates buyers were not anxious to operate. The scarcity of cotton.- and consequent substitution of low woollens, is no doubt, felt in some brandies of trade, but the effect-is not as yet apparent in our colonial wools, while the disorganization of tiie American trafle, distress in Lancashire, and diminution iv exports, exercise an unfavorable influence. To all these disturbing causes must be added the vast increase of Australian wools imported into London, and also the want of that foreign competition which in former sales bus so materially tended to maintain prices, the French and German buyers having been able to supply their requirements on the Continent. Ou i 1 correspondents do not hold out any hope of an improvement in prices, and express an opinion that burry and ill-con itioned sorts will/in'future'series be even more difficult of sale. The necessity of exercising great, care in getting up their woos will, therefore, be apparent to our upcountry friends ; and we trust our repeated advice to wash well will bave been attended to this season, so fur as practicable. The opening sale will be held at our warehouses on Wednesday, "the i2ud instant, we having- postponed it to that day in consequence of the opening of the railway to Sandhurst, and also to allow sufficient time for the arrival of new buyers, who are daily expected, sheepskins : Station skins continue in good demand, and we sold several lots at from b'*d to 7^l per pounl Hides: The market contiuues dull and depresse.l, with little business doing, the bulk of the stocks in owners' hands being in courac of shipment. Wo have sold country hides at from 8s to 9s &1 each. Tallow continues in brisk demand, and supply being still very iimited, prices are firm and fully equal to late rates. We quote beef at L 37 to L3B 10s ; mix.:d, L 37 to L 39 ; and mutton, L4O to L'i'l per ton. Stations : We have sold the Mountain Creek station, near Avow, to Mr 11. Fletcher, for the sum of L 11,550 sterling, Terms — L4OOO cash, remainder at one, two, and three years.

(Froiii the Aryus) Of tho coffee crop in the island of Ceylon, the Colombo Observer of the 17th u!t reports :— " If the weather will only clear up by picking tims, all'the prospects for the ripening crop continue good. Our next issue will report the total, shipments for theseason ending September 30, 18(52. The exports during the past fortnight have been as follow :— i Plan- I Place. | tatiou. Native. , Total- . j cwt. cwt. cwt. Two ships for London ... I 7,208 6.0G7 13,275 One do. Mauritius ... j 330 281 | Gil Total three ships .. 7,538 6,348 j 13,880 Total toSept. 13,1862... 412,820 I 105,503 ; 578,323 Total to Sept. 1», 1861.. 452,123 j 134,045 \ 586,1(37 Decrease 39,302 j 7,844 Increase 1,458 j

Total

" It will thus be seen that up to date the deficiency on kafc season is only 7800 ewt; for, although we have shippe-1 only 412,000 cwt plantation against 452 000, the deficiency being in round numbers 40,000 cwt, we have, on the other hand, sent away 31,000 cwt, more of native. The total export up to 30th September last year was 593,000 cwt: so that if we couid but export 15,000 in the next fortnight;, we should have the two crops coinciding exactly/ But we scarcely expect' this. The Victoria is ready to sail, and will take away 7000 cwt. If the weather keeps fair, she may be followed by another slim, But supposing the exports are only 7000, then the deficiency on last crop will be only 8000 cwt, instead of the large figures of 100,000 and even 200,000, which, were insisted on by the majority of our friends at the commencement of the season. We have all along: taken a, more hopeful view, and the issue has justified us—although, until lately, we had no idea that there would be"no deficiency greater than the cargo of a moderately-sized s(iip. Jhe native crop, has especially turned out better than was expected, and on estates, such as the great Huuasgeria property, young coffee has (old more than was at all anticipated. For details as to the prospects of the coming crop, we refer to the planting reports elsewhere. We append the usual statement of the destination of the crop shipped :—

"Distribution of Coffee Crop Exported from Ceylon, from Ist October, 1861, to 13th September, 18G2."

Plau<ation. Native. Total. cwt. cwfc. cwt. London 393 753 136.081 529,834 Liverpool ... .. 3,213 1.918 5,161 Falrnouth — 8,611 3 611 Havre 2,154 8,148 j 10,302 Belief •" .. 406 6,58!) j 6 995 Nevr',,.. . — 919 ! '919 Gibraltar 3,820 2.000 i 5,820 Sydney .. w i -~. 3.879 975 l 4,854 Melbourne 3,,02 1,387 | 4,589 Mauritius ... .. '2,893 3,845 ; 6/238 Total .. ..! 412,820 165,503 ; 578.323 i __f The Calcutta papers quote exchanges and freight on the Bth iust. sis follows :— " Exchange.—There has been more business done in exchauge on London for this mail than for that via Bombay. The banks have sold a fair amount at 2-0 5-16 and credits have been taken a* from 2 0| to to 2-0 7-1(3, and documentary at from 2 0* to 2 0 9-16. On Trance three and six months' sight payable in London have brought from 2-0§ to 2-0.f,. and three months' sight payable in France, 256. "There have been uo sales reported on China; tlie rate is nominally 2.3... On Mauritius the rate remains 51 £ for sixty days' sight; and on Bombay sight bills, 6 annas premium, and five days' date, \ per cent, discount.

' Freights continue much the same for London and Liverpool; the demand for China has increased, and several large ships have been chartered. Two vessels have been chartered for Mauritius at low rates. The approaching holidays have pub a stop to work in a great measure. Tlie following charters have been fixed since last mail :—St. Bernard, 933 tons, to load a full cargo of rice, at 98c per bag, for China Edith Moore. 1,427 tons, to load a cargo of rice, at 95c per bag, for Hong Kong; Empress, 1,293 tons, to load a cargo of rice, at 86c, for Hong Kong; Futta Salam, 670 tons, to load a cargo of rice for Mauritius, at 1-8 per bag ; Lord Dalhousie. 912 tons, to lead a cargo of vice, at 1-7 per bag, for Mauritius ; Mary Harrison, 704 tons, to load a cargo of rice for Singapore, at ] -4 per bag." We take the following from a London trade circular (the Typographical Advertiser) of.lst August :— " We regret to announce that a meeting of the creditors of the old and respectable firm of Messrs Levy, llonson and Franklyn, printers, &c,, of London and Melbourne, took place at Anderson's Hotel, Fleetfitreet, on the 22nd ult. The li >bilities were stated to be LiOjOOO, and the immediate cause of the suspension of payments through the non-arrival of remittances from Australia." The firm here referred to are proprietors of the Melbourne lerald newspaper. .