LONDON WOOL REPORT.

Southland Times, Issue 673, 22 May 1867, Page 2

LONDON WOOL REPORT.

I Messrs Dalgety; Dv Crozj and Co. reportunder; ' date, London, 25th March", lß67 :— , „... y f __ • j ' ; The : first : series, of colonial wool sales.^ for; the i "preseiii-year cominenceid 6n f 28th' ulk, and' I conclude on 30th inst. • ' '"" '••'"••. 1 The quantities declared and: catalogued are as,!

1 ;.. , ..;,:. -r w ■;• ;. >; v 116.32Q . ;,; 96,772 -.{f. ■ 'And it is stated that some quantity purchased in ' Australia on account of dealers, has been for- ; : warded direct t<* the manufacturing, districts. The dull state of the home trade price of ■ food, -„ and want of employment, among large 'classes of workmen, combined with a want of confidence that has followed the panio of lait ; year, the distress caused^ which is now more ■apparent Qiao}' ever—- prepared us for Bome rrSduction from the rates current in September and November last.' Victorian washed fleeces hare Bold at from 2d to 3d, under the rates current last March, but still at equivalent prices to those current in May and June. • The condition of some -Choice flocks is first rate,: but in some western clips the usual brightness is wanting. Erom the Northern .districts, however, there Its improvement both-;in quality and condition, though some are still sandy . and burry, ..... , r ... : _„ >-, South Australian not .being in great supply, has -hot' BttSered- more than Id per : lb,' f - and the condition being better than.: last year prices are more satisfactory. . . " , „.-,- ' Z^kSydney and Queensland ~wqqV musifc 'Be qnotod at nearly the same reduction as Victorian. Taamanian and^New Zealand contribute, d. only slips and scoured j they are^ about { ia' lbweV than ia/^PeGembftiV'';;:^--:^^ '.-i: -..- ■'; ::'<?• - - : -.:■ .;•;■?!;^ - 1 Scoured Wool h»3 sold badly tbroughpui this §?j?ijßj but I'aUied. ft UtUfi a^ th(j dose.,

Lambs' Wool has been in good request;, and has not suffered in price. . Throughout the whole series there has been' a good foreign demand, thoughit may: have abated somewhat for a few days, and the clearances for the continent form -a satisfactory /feature in the prospects of the'ntHrtet. ; Our home trade remains quiet and .rather depi*essed, the cdntinuancis of severe and cold weather having been against the spring business, but should we be favored with a- fine season I duringthe next two months, we may r hope for .considerable improvement, and in .regard to ex? ports the retiirnß of the Board of Trade are very satisfactory. Some alarm is felt at the increase of duties in the United States, for' some time one of our best customers,- but we trußt these attempts to stop the regular. current. of trade, will be as futile as they generally are. Stocks -in the hands of dealers and maniifacr turers cannot be heavy.

1 follows : — i .'.'■ - % -I'j S-.' 1% '...■. . ' '.-. Bales •-•■- • - : Bales 1 L. Australian ... 19,670 15,154— j ; ... yiotorian -„.., 47,651 , 39,9*79 ,.- ' \ ' : Tasmanum - ... ' 469 ■ 444J ' \ i South Australian . 14,140 10,814 i • West Australian ' 805 802 : i NeyrZealandr;- :707 ■•' ' T; l»02p/ •-:■ . !" ' Cape Good Hope 32,887 28,560 i