LONDON WOOL REPORT.

Southland Times, Volume I, Issue 23, 23 July 1864, Page 2

LONDON WOOL REPORT.

May 25, 1864. The first sale of importance for tbis year commenced on the sth of May, and the attendance of buyers both home and foreign was as large as we ever recollect seeing ; biddings very spirited,' and competition most animated for all descriptions, the choice clips from all the colonies- commanding the greatest attention, the fine combing from Port. Philip being the greatest- favorite, and the prices paid for wliich have been very high— 2s.-7d. to 2s: lld. for prime, and noted brands-; ,2s. 4d. . to 2s; 6£d. for good and fine; and is.'TOd. to 2s. 3d. for fair medium flocks. Extra clips from Sydney likewise, were eagerly taken at long prices',' 2s. lld. to 3s. Bdi beiiig paid for one noted brand of fleece. The sales have : continued with remarkable ■uniformity in x>rice, ! and there is not the slightestcessation in demand. Comparing pi-ices/with March, sales, we quote Port Phillip l^d.' to 2d. better for the choicest,! Id. to lid. for average to. fine ;i on Sydney,-iCape,;. and other descriptions, about ld. -y.y. ■ , ; 'Dp to '■ date, mOre than "Half the total quantity* has passed the hammer. Bradford jand./France have taken the /lead in purchases^ competition- .on - the -partsof our own , spinners, being greater than we recollect' for many , -years. „, t : :; „ r y ..-,..,. y.y, .';./.. /■„ „ i yJ4 r JJJ'J4J44j-T \ There at.presbnt; to rnfcj&& pro^ept-. of our market^and so ldng'as' we r -ar'e kept out !f bf the tfeilt>fed%wate:ri / bfHpbHticaliidifficulty, and commercial difficulties, there is^ little fear that ! steady prices will rule throughout the year.

The hlgferate ttfmone-gcaihe opp^rtiindy, and;; without y^akening; * ou]§;; 7 markets^has caijseidj oaution,Vtvh(3.- checked top 7 ; great an-i^ance'-^iel result -ofiwhieh would have; led- tp reaction, 7 , yjjyY