THE LONDON WOOL SALES.

Southland Times, Issue 986, 15 July 1868, Page 3

THE LONDON WOOL SALES.

Mr Helmuth Schwartze reports as follows : — " The second series of London colonial wool sales commenced on the 14th May, since when 14,133 bales Tort Phillip, 5,017 bales Sydney, 3,380 bales. Adelaide, 6^3 bales New Zealand, 34 bales Van TDieman 'e Land, 3,612 bales Cape, 13 bales sundries — total, 26,862 — bales havo passed the hammer. The concourse of both home and foreign buyers is large, and though many complaints are etill heard, it seems beyond doubt that the (rade in general finds itself in an improved condition. The biddings are animated, and prices rule iii the majority of cases, especially where faultless wools are concerned, above March rates. I quote good ' to superior Australian washed Id higher than in March ; good to superior Australian grease, id higher than in March ; inferior or faulty Australian washed and grease, the , same or even lower than in March ; Capeß id higher than in March. The total arrivals for these sales comprise 90,85*7 bales Port Phillip, 31,536 bales Sydney, 26,527 bales Adelaide, 19,161 bales 3Sew Zealand, 6,274 bales Van Dieman's Land, 3,030 bales Swan River ; Cape, Eastern Province, 28,274 bales, Western Pro- . vince, 4,288 bales ; total, 209,947 bales, of which 10,000 bales have been forwarded directtothecountry, leaving about 200,000 bales for disposal in this market. The sales will last till the 4th July. The second series of Liverpool sales, which commenced on April 28, and closed on May 8, comprised 12,524 bales East India and Persian, 2,847 ballots Peruvian, 977 bales lama and Chilli, 2,445 baleß Monte Video and Buenos Ayres, 2,176 bales Santiago, Santa Ee, Cordova, &c, 2,155 bales Russia, 1,356 bales Angora, Georgian, Turkey, Smyrna, kc, 1,046 bales Egyptian, 624 bales Mogadore, 442 bales Oporto and Spanish, 669 bales sundries, 1,265 sheets English fleece arid skin, &c. ; total, 28,526 bales, &c. The usual number of home buyers attended, while the foreign trade was better represented than has" of late been the case. The competition was spirited, and prices rose on the averrge Id above the rates of the first Liverpool series. It the case of the best classes of white wools, lately so much depressed, the advance is still greater. Of the misceUaneous kinds, Hirer Plate met with brisk competition, and sold generally at good rates, though towards the close they had to submit to a small dechne. Peru and Egyptian, also in good demand, realised about Id to lid more than in the first Liverpool series. Other sorts but poorly represented, and in part withdrawn."