LONDON WOOL REPORT, June 25.

Daily Southern Cross, Volume XXII, Issue 2883, 24 August 1866, Page 7

LONDON WOOL REPORT, June 25.

The sales which commenced on May 10th closed on June 23rd, the quantities 'catalogued .comprising 24,671 bales, Sydney; 72,084 ba1e5, Port Phillip ; 5,732 bales, Van Diemen's Land; 20,071 bales, Adelaide; 2,305 bales, Swan River ; 17,161 bales, Nevr Zealand; 15,578 bales, Cape; total, 157,602 bales. It is remarkable, as showing the extreme healthiness of our trade, that the Rales opened so well, the decline being about l|d. to 2£d. on aIJ descriptions, except the finer descriptions of Port Phillip, which ruled 2d. to 4d. lower — the extreme prices paid in March for all choice descriptions leaving a fair margin for decline ; the fearful failures and "panic in the city not noticeably altering our market bids, and prices being maintained with remarkable uniformity. Of course, in so long a series, and with such daily financial troubles, there were variations at each night's sale ; but that this large quantity should have found ready buyers at so satisfactory a range of prices must be extremely gratifying to all. No doubt ' the heavy operations of French buyers completely ruled the market, our own buyers, as a rule, bidding cautiously and with anticipation that wool would fall considerably from opening rates; but when it became positive that nearly half the whole quantity offered would be taken by exporters, our own buyers took courage, and for the last few days of the .sales the tone was better and prices established with more firmness. Many of the large staplers who usually operate very largely at this season of the year almost abstained from buying, the low prices of all German wool at the fairs inclining them to stock heavily— circumstances there, in consequence of the war, enabling them to slock at fully 20 per cent, below last year's rates. At one period of the sales Sydney wool was very cheap ; many flocks deserving higher prices from their healthy breed and careful wash did not realise the prices anticipated, the extremely low price of Silesian fleeces keeping down the prices of all good aud middle Sydney. With war and dear money it is very difficult to form any decided opinion as to the range of prices at the August sales, but, judging from the present tone of our market, we look for prices being fully supported for all free and well-stapled descriptions ; faulty Sydney will fiud little favour, and be sold with difficulty at a low rauge of prices ; the cheap rate of all fair flocks, both colonial and German, will interfere most materially with such descriptions ; and we note this in length for our Sydney friends, who often imagine that anything thence at a low price will find a ready market here. — HomeNms.