LONDON WOOL REPORT.

Southland Times, Volume III, Issue 37, 1 February 1864, Page 4

LONDON WOOL REPORT.

November 2-^ 1863 i ! Zfee hit eaje of the commenced on the sth | bf Korember, the ztmiii to tbat date consisiioe ) of— AcKiralkn, 10,207 bake; Port Phillip,- -^92 j

608 bales; New Zealand, 14.953 bales; Swan River, 970. bales; Cape, 28,265 bales; total, G0, (5.57. ba1e5; which, with about '8000 hales hold over in first and second hands during tiio year, gave us a stock for the hammer of about 69,000 bales. . . "":'.' ','' The opening sale was attended by a very lnrge number of homo and a fair proportion of foreign lti'-ovs: biddings were animated, and an averago 1 :\-lvn»f> was established of -^d to lid per 1b; the luticV -iioing* paid chiefly on stapled wools and middle Sydney which ruled moderate at the JulyAugust sales* Ttiis advance was more than maintained for a few days, 2d and even 2£d being paid'for wools, ranging from Is 7d to Is lOd last July! • ' Itjbccame evident from the larpo quantity catalogued daily of second-hand wools that stocks were larger than expected, and that holders were anxious sellers at the advance ; this, coupled with the fear of a still further advance in the Bauk rate, caused a quieter tone, which, with a thinner room, caused a declension in price of Id. to lid., ] and the market is now steady and animated, with every prospect of prices ruling firm to the close. j It should be noted that prices hare ruled very irregular, the samo descriptions of wool — indeed, the sune. marks, selling at lid, to 11-} d. difference in the same catologue. From the clearance made by holders of old wools it is generally believed that stocks in our market will be completely exhausted, and that the trade will be quite ready for the new clip to be offered in March. The general state of the woollen trade is satisfactory, and manufacturers have had little trouble in Felling their productions most readily ; but the advance on wool has produced quieter markets in the North, and dealers complain that their purchases are not moving off with much spirit. — Some Ifetvs.