LONDON WOOL REPORT.

Bruce Herald, Volume III, Issue 59, 25 May 1865, Page 4

LONDON WOOL REPORT.

March 25, 186& The sales which commenced on the 2nd March will close on Monday, the 27th, instead of the 25th, as arranged, in consequence of the arrival of the Istamboul, the cargo of which is very badly damaged, and exceptionally to be sold, against the wellestablished rule, that no ship arriving after four o'clock of the first day of the sales be included in that series. The healthy demand which continued within a few days of- the sale evidenced that consumption was progressing at' a favorable rate, particularly abroad, from whence the demand chiefly consisted for wools out of se-> cond hands. The sales commenced wMh a' fair but not large attendance, and prices opened for Port Phillip a shade in favor of the buyers. Sydney and scoured rather dearer, particularly the lower qualities, which were most depressed at the November sales. Prices have been well maintained for all good, free, sound, and faultless wools, the competition for which throughout has been animated and the quantity taken for export exceedingly large ; so much so that had the purchases for the continent been on a limited scale, the extreme caution of our home buyers and their small operations would have produced a serious fall in wool. During the lasii few days faulty, seedy Sydney has been depressed, and sales ould only ber effected with difficulty at* & slight decline. Accounts focfrri the north are very unsatis^ factory, the extreme coldness of the weather has seriously affected the spring' trade,, and the continued decline in cotton lias checked business at Bradford and limited business. It is very gratifying that exporters have so liberally supported these sales, and their purchases, amounting to nearly half of all offered, have very much strengthened our market, and saved it from a depression that would have been most serious. Should the home trade not materially improve prior to the May sales, when it is expected 120,000 to 140,000 bales will be offered, we must not expect the rates now current, for we shall have a full and large supply with a considerable increase from the Australian Colonies ; gome estimate fully 60,000 bale 3of increase*