LONDON WOOL REPORT.-OCT., 1860.

Colonist, Volume IV, Issue 333, 28 December 1860, Page 2

LONDON WOOL REPORT.-OCT., 1860.

Although the trade at Leeds and Bradford has been a fair average, inquiries in our market have been few; several small contracts have been made for those markets, but of so limited a nature that they are scarcely worthy of notice. At Huddersfield a good trade is doing, and more confidence is evinced by buyers in that market than in any other..; A recent failure in the north, though not for a very large amount, has caused some uneasiness, and during the last fortnight more disposition has been manifested by the dealers to quit stock at a shade lower price, |an evidence that the demand has scarcely equalled expectations, and that dealers do not expect our. next sales—to commence about the middle of November— to rule any higher, except for stapled sorts which, from the small number held, will no doubt command full prices. The last advices received_ confirm the inapression of an early clip; if so, all parties will be anxious to quit old stock and be prepared for the new wools. Great caution should be manifested by all parties engaged in the trade; the high range of prices may be subjected to severe depression should political or monetary difficulties arise to create distrust, as was evidenced in May, 1858; and if a larger margin is not established on the other side than was the case last clip, heavy losses may be the result.. For own parfc we do not expect that Sydney, Port Philip, or Van Diemen's Land will be bought at last.sale's prices, but that buyers will have to pay for th\e better descriptions of all about Id. to l|d. in advance, while inferior to;average descriptions will rarjge about Jd. to Id. higher; Capes, on the contrary, may rule about a Id. in;favor of buyers. Arrivals to date:—Sydney, ■3566 bales; Port Philip. 4131 bales; Van Diemen's Land, 2028 bales; Adelaide, 1162 bales; New Zealand, 4152 bales; Swan River, 85 bales; Cape, 18,173 bales; total 33,297 bales; held 0ver,3500 bales," present stock, 36,797 bales.