LONDON WOOL REPORT.

Southland Times, Volume 2, Issue 57, 26 May 1863, Page 2

LONDON WOOL REPORT.

March 20, 1863. "Tim ™ilf« opened with a Vflrv f a ; r of hiivpr.:. 1,0t,, ho^iP »tkl foreirrn. and prirr* on iho nvnnisrp wm Pon.idprPd 00--] to fho N^mW fuJps, «CAnt fnr IWI Phillips. „„;,.„. I)pin(T in inrsro simply. W ,M n t about l^d in favor of buyrrs. ■.v.^fisfiietery a range of pr.Vps did not lonr, P ,,n<iniip : it bpca-ne mnnifest from thp "in-lic-pwlu-n or, tJ, 0 part of rlmlor* to purchase that V, rZ I " Ot m « ; n^m«7. hPnr» pric-s nfhor thn first fp W m?Ms 1ln( , a (h . om} -J trnA which (imfinii«vl hll fhp closn of the sori.^ the astni.h. fovPort Phillin wool* '^Sedl v iSsiTi/ior 0 ' flocks hria * ias u ° more

It will by f!, c nbovp quantifies bp evident that ■fihmif, T.^.non h a l es of lipM ovpr and speculators' ■vrniftv h.ive been in part re-catalogued, and in s"me flnprrpfl n-ill account for the extreme dullness Of nnf mnrfcpf.. AlMirtiiTh flui-incr ""> last throe months there has Impti n fnir trade doing in the north .manufacturer.* fomplainod that stocks were nmi-nulating ftnfl or/lprs more difficult to obtain, their biddings "'■''^ Hiprpforp limited io actual rpf|uirement.s. F.ifoig-n competition wag brisk and animated ; the pnrrTin=os f ()r export mnv be estimated at fully Ifi nnnM™. o'uXly Port Phillip wools. Har] their operations not run principally upon this description, a rpWou"! decline would have taken place, the liom<» tradp. move parfioularly the Bradford spin--nori operating 1 most caufiously and sparingly. Af f.fip clo°p of fhp. sales Port Phillip fleececould rot be Quoted at a Jess decline than 2d to 2£d on JVnwMTiTipr prifPS. Without great improvement takes place in trade ■diir-'nc fhe intprval prior to the next sales, expnp'pd to conrmeTjce on April 30th, we look for lowpr prices oven on Port Phillip, while Sydney nnd nth^r sorfs that were short this time will no fimibf. dpplino too. for the market can scarcely be ■p-snr-ctcrl io fako 100,000 bales at present rates, in'"i th" probablfity of fully 100,000 bales more in .Tuly. except on such terms as \yill enable the dp<> 1 »rs to buy for stock and awjiVbetfc|r&irnes. The heavy Fosses sustained by spec?latbrs and importrrs will causey on the part of all extreme cnntioit. Politicnlly and commercially the horizon is not so bright as to warrant much confidence, jmd we «on only a^ain repeat what we have so oflnn stated, that buyers on the other side will do w>ll to pausp in operations except at a margin •which will leave a fair profit, and not imagine, as they seem always to do, that our market is always n rising one, for it is most absurd the prices that have bnfn made on the other side — rates that in many instances cannot be obtained here without regard to charges and profits. ■

Tlio nrrtVals in time for FVlirunry-Mtirch Catalogued, ■sales wore — ,-, , Bnloi. fl-ilns. Sviln, ' T .. .. 2.980 6.3R0 Pnrt Phillip . . . . ] 7.P57 o 23 "fI3 Van DiV man's Laml . . 549 " "i'jYg A.lelnirV ... SS7 • 1J53 iN>»w Zealand ... 200 .... 595 € '--P c 11,354 . '.'.'.'. 15,995 33,913 49,094