LONDON WOOL REPORT.—MAY.

Colonist, Volume IV, Issue 392, 26 July 1861, Page 2

LONDON WOOL REPORT.— MAY.

Notwithstanding the extreme quietude in our market since the March sales, and the general complaints from the manufacturing districts of the dulness of trade, the attendance of buyers, both home and foreign, has been a full average, aud prices opened fully equal to the closing rates of tho last sales, except on faulty parc-.-ls, which were a trifle in favor of buyers.

It is an exceedingly gratifying feature in our trade, that complications abroad seem to influence but slightly the general course of woollen productions, and that when so important a maiket as America may for the present be considered closed to our productions, yet that the fraw material should continue to find ready buyers at rates which may be considered high. No doubt tho large operations of the continental buyers has most materially supported mv market, for it is quite evident from the general tone of our home buyers' operations, that a considerable concession in price must have been submitted to before they would, have taken the large number of 62,000 bales, with the; prospect of some 80,000 bales being submitted six weeks after the close of the present series of sales.

Up to the present date about 33,000 bales have passed the hammer, the whole being sold (with a few trifling exceptions), merchants wishing to meet the market rather than Aold, so that it is generally expected scarcely any firsthand wools will remain for the July series. Should the harvest look well, it is generally expected, in the absence of any disturbing political causes, present rates will be maintained. With the advices each mail of American affairs assume a more serious aspect, it is difficult to form any correct Opinion as to what effect it may produce on our market ; the general feeling of our own buyers is decidedly caution, hence many of the mills are running short time, determined, if possible to keep down accumulation of 6tocks.— Rome News.

The following is from Messrs. Jacomb and Sons Report, dated London, 25th May, 1861.

The public sales of colonial wool which have been in progress since 9th instant, will close on 7th proximo. The arrivals in time for sale, after deducting wools forwarded to the North, France, and Holland, were— Withdrawn or Catalogued not offered in to date. March. 12,611 bales, Australian.. 9,122 bales.. 63 bales. 20,060 „ Victorian ~ 11,781 „ .. 1103 „ 4.554 „ Tasmania .. 3,758 „ .. — ~ 11,735 „ Adelaide .. 8,262 „ .. 1315 „ 1,000 „ Swan River 528 „ .. — „ 1,052 „ New Zealand 170 „ .. — „ 7,568 „ Cape 5,340 „ .. 219 „

58,580 38,961 2700 Leaving about 21,000 bales still to be offered. Fully 600 bales Victoria have been withdrawn to this date.

Notwithstanding the ominous aspect of affairs in the North American States, and the increased value of money arising from the renewed drain of specie thereto, which has had its effect on the trade of the country, we are enabled to report a maintenance of March rates for most descriptions of both clothing and combing flocks, with, in some instances, a slight retrogression in rates of scoured wools, wools in grease, and faulty flocks, under which description we fear it will be found that many of the Australian growth will this year bo classed. For first-class combing wools and fine Australians, the animated demand for export to France has compelled the home trade to pay a much higher rate than the state of trade and demand for goods apparently warrants. For free wools in the grease also, from Adelaide and Victoria, the export demand has well sustained March rates, but it will be found that rates of Adelaide product) are fully 2d below last years' priaes for the same flocks, partly owing to inferior condition, but mainly to the large proportion sent in this unsatisfactory state.

The purchases for export cannot be estimated at less than 12,000 bales to the present time.

The realised prices must in the main be highly remunei'rtlive to growers, whilst to such as have sold in the colon}' they will be more particularly so, as the instances are rare indeed in which the purchasora of the same escaped without loss.

How far present rates can be maintained in July and August must depend on the course of events at home and abroad, and more especially on the prospects of the harvest in this Country.

Tho arrives for July sales are at present about 24,500 bales.

BIRTH. Tkewheellab.—July 22, at Nelson, the wife of Mr. T. Trewheellar, of a son. MARRIAGE. Fairhall—Cowles.—On Thuisday, 25th July, at the Presbyterian Church, Nelson, by Rev. P. Calder, Mr. William Fairhall, farmer, of Wakefield, to Miss Elizabeth Phoebe Cowles, of Nelson. DEATHS. Berry,—July 24, Arthur Thomas, infant.son of Mr. J. Berry, Hardy-street, of diptheiia, aged 13 months. _ Childs.—July 18, aged '6 years and 3 months, of diptheria, Agnes Letitia, eldest daughter of William Stewart Childs, of Nelson.

ABSTRACT OF SALES BY AUCTION. Saturday, July 27.— Messrs. N. Edwards and Co. — At their Warehouse, at 1 o'clock, Salt Bod', Dray, Chairs, &c. Tuesday, July 30.— Messrs. N. Edwards and Co. —At their Warehouse, at 1 o'clock, General Merchandise.