LONDON WOOL REPORT.

Southland Times, Issue 699, 22 July 1867, Page 2

LONDON WOOL REPORT.

Messrs Dal^ety, Dv Croz, and Co. report under date, London, 25th May, 1867 :— The second series of this year's Public Sales of Colonial Wools opened on the 16th inst., the arrivals to which time amounted to 213,705 bales, a? follows :—

Of this quantity, however, it has teen arranged by the larger importers* to hold overeat least 20,000 hales, and 10,000 bales more have been, it - ia said, forwarded to the country. ■ We regret we cannot report any improvement in the home trade ; the curtailment of railway enterprise and other worts employing labor, with other effects of the over speculation of late years, as well as the high, price of food still operating very injuriously on the middle and lower classes. The American markets also being in a great measure closed both against this staple and woollen manufactures stops an outlet of great importance,, Jlb yet the low rate of interest has failed

to elicit any speculation in support of prices, ■while the large purchases made in Austoalia for account of dealers ; and manufacturers have reduced, the competition of these parties in the sale room. The foreigners have co far operated freely at the decline now established, although complaints are made of the trade doing^in France and Belgium. ' , ■ - : ■ ! ' Victorian washed fleeces have suffered a further '..'decline of.abput 2d, andgreasy'wool- Id to liA. Lambs wppl is also^d per lb lower. There ia a very l^gfe proportM^f furry and faulty -wool. . .-NjwF South .^ales^sid : Queensland ild^iower. -\ ''j\ _ . __ ,^ _ „ j South Australian hasj suffered' 'a reduction of ldto,2d. . ' WeW'' ""' ' ' " . Tasffltoian andJipPZealand can. best be comparedwiS6:"the^^^pf last May and June ; the | former are Id to lid lower for fleece ami lamb i-and-3d forskin,- and theistter Id to 2df=bbth on [grease and washed. . . - . ; . . . '^ . '. v l •■■ ' At present there_Js no_ Bign of improvement, and much will depend oh the prospects of harvest, success of the : remedial-measures in regard to the financial derangement of our railway interest and the re-establishment of confidence in monetary circles; It must, "however, 1 be remembered that the annuarincrease of productidii in ihe Australian Colonies, South. Afiica and South America— a large proportion of which is of a faulty and indifferent description— has a tendency' to depress prices which only great expansion in trade and increase of consumption cau meet without a con-' siderable reduction in value. - '

Catalogued Bales to date. Australian ... 36,541 4,604, -Victorian ...'87,812 15,252 Tasmanian ... . 9,611 1,304 South Australian 20,523 6,175. West Australian 2,208 ■ • ~ —^- New Zealand 29,240 4,23$ -' Cape Good Hope 27,770 ■ ■«■ 5,151 " Total • . - ■-> 213,705 • 36,728