LONDON WOOL REPORT.

Southland Times, Issue 753, 22 November 1867, Page 2

LONDON WOOL REPORT.

Messrs Dalo-ety., Dir Cboz and Co., writing under date 21st September, says : — The public sales of colonial wool which commenced on the 15th ultimo, close this evening, and the quantities which hare pasted the hammer | *r» as follow* :— Bale*. Australian . . . 92,954 Victorian . . . 86,942 Tasmanian . . . 5,755 South Australian . . 6,892 Swan River . . . 474 New Zealand . . 37,266 Cape of Good Hope . 22,944 Total . 143,227 There has been a good foreign concpetition for the fine clothing wools of New South Wales and for choice Victorian fleeces, and for these descriptions as good rates hare been obtained 'as at any period of the present year, to which result their comparative scarcity has doubtless contributed. With these exceptions, we must quote a decided j reduction from the rates current in June, the | Home trade operating with greater caution, more ' particularly towards the close. Irregular illconditioned wools leave a very unsatisfactory result, and also New Zealand greasy fleeces. Victorian superior washed fleeces, free from burr and seeds, have met with active competition ; but wools from the Darling and Northern stations, whether in grease or scoured, being poor, seedy, and of bad color, have been much depressed, and as there is some quantity yet to arrive, any early improvement is not to be expected. New South Wales and Queensland fine haired wools have been m good enquiry, selling freely at equal prices to those of March or June ; but seedy-faulty flocks are lower. South Australian are without alteration ; scoured, being very abundant, perhaps somewhat lower. Tasmanian well-bred and in good condition have brought nearly June prices, but a large proportion of the wool offered from this Colony has been low, and irregularly packed, being unsuited to and foreign demands. This has sold at very low rates. New Zealand clips of washed wool have sold at a slight reduction, but greasy must be quoted at lea3t*a penny lower : more attention is required to skining the fleeces. Coarse faulty irregnlar wool from the Northern Island was very, difficult to sell. The decline in English wool materially effects theße and also wools from Western Australia, of which, however, there were but few. Scoured has been for the most part faulty in color and seedy. The large quantity offered has induced some further decline. Slipe wool has suffered a very serious decline, and low quantities are almoit unsaleable. We regret to saj that the harvest has not fulfilled the anticipations formed of it, and the crop of wheat is decidedly below &n average. This has an unfavorable effect on the Home trade. We hope, however, that a low rate of intereet will stimulate healthy enterprise and our foreign trade, so as to provide employment for our laboring clasaea.