LONDON WOOL MARKET.

Southland Times, Issue 1282, 22 July 1870, Page 2

LONDON WOOL MARKET.

Meurs Dalgety, Dacroz, and Co. report, under date 14th May, as follows : — Beferring to our respects of 22nd April, we ha.ro now to advise the termination, on 12th ingt, of the second series of colonial wool sales for the current year. The advance then advised was fully maintained, and in some instances exceeded, until near the close of the series, when there was less animation, and some reaction. This, however, was, we understand, in part attributable to the circumstance that some of the earlier, bought Victorian wools, from deficiency in staple, worked unsatisfactorily to manufacturers, while the greasy were said to waste more than usual. During the last week a better spirit was again manifested, and the series on the whole shows a satisfactory result. New South Wales clips, when in good condition, have fully participated in the advance. Many show improved gelting-up, compared with last season, and have realised proportionately higher prices, but seeds and burrs have materially depreciated the value of others. Victorian. — Several favorite brands were in fine condition, and evinced great care. These have realised high prices ; medium descriptions, on the other hand, became more difficult of sale as the series progressed, especially when tender and burry. The practice adopted with many flocks of packing separately the burry parts of the fleeces is certainly advantageous. South Australian, when of good quality, has sold favorably, but for much which was in heavy wasty condition, little or no advance could be obtained. Of New Zealand the quantity was insignificant. It is to be hoped that the defective staple of Aus-

tralian may enhance the value of the strong deep grown wools from this colony, which' will shortly be offered more freely; ■ Very little Tasmanian has yet been sold. It has brought full market rates as compared with other sorts. Scoured wools, not being in large supply, have generally sold well. Lambs' wool has brought very high rates in comparison with fleece, particularly when fine, in bright condition, and free from burr. The next sales will commence on 16th June. The quantity to be offered will certainly not be less than 200,000 bales. But this has, we believe, already been fully taken into account by buyers, and we look with confidence to the demand proving sufficient to absorb this supply without reduction from prices now current. * ■ ~~- '■ . : * ■