The Daily Telegraph. WEDNESDAY, SEPTEMBER 11, 1889.

Daily Telegraph (Napier), Issue 5627, 11 September 1889, Page 2

The Daily Telegraph. WEDNESDAY, SEPTEMBER 11, 1889.

Of the third colonial wool sales Messrs Dalgety and Co. (Limited) write :—The third series of colonial wool sales, which commenced on the 18th June, were brought to a clone on the loth July. The totals catalogued have been:—Now South Wales and Queensland, 100,084 bales ; Victorian, 40,677 bales; Adelaide, 8623 bales; Tasmanian, 11,850 bales; Swan Biver, 12,871 bales; New Zealtuid, 118,229 bales; Cape ana Natal, 29,338 bales ; totals, 327,672 ; which, allowing for bought-in lots offered again in catalogues, pretty well bears out our estimate of an available quantity of 325,000. The sales have been marked by general firmness; and, although certain slight fluctnationH have occurred, as is inevitable in a series extending over several weeks, it is rarely that these fluctuations havo been so slight. The close was very strong, Continental buyers, who had acted at first with considerable resorvo, oporating far more freely, and we consider that, as compared with the prices of AprilMay series, we close at more or less advance for over) thing except coarse cross-breeds, which at times' hardly realised last sales' rates, partly, no doubt, owing to the large supply of theso wools at this season. Good medium to fine cross-breeds, however, under tho influence, of a strong English and American demand, show a rise of fully Jdtold.,, as mentioned in our advices of tho 21st ult. With regard to merinos owing to the leading part tho home trade has taken in this series, scoured wools show the greatest rise, and have generally realized a full i-d to Id. advance ; in many cases even more for good locks and pieces. Groaries havo ranged from par to $d. advance, and here and there Id. The advance has been most marked in good medium descriptions, especially when fine in the hair, and less so in the superior Western Victorians, and in faulty Queenslands and Adelaides, which with Now Zealand greasies really show very little change. The returns given stato that of the quantities sold, 102,000 bales were taken for homo consumption, and 155,000 balos for export; the latter including 10,000 bales for the United States of America, and that about 0,000 bales are held over; say about 8,000 bales Australia and 1,000 bales of Cape. Consumption being so large, and the interval between tho eloso of tho last series and that opening on the 17th September being n full nine weeks, it is expected that by that time buyers will again be ready to operate, and especially those from tho North of France and Rheims, who have bought comparatively lightly. As regards the available quantity, it is reckoned as from 220,000 to •.230,000 bales ; and, taking hato account the large supply of Capes likely to come forward, the advices of early sh earing on some of tho Queensland stations,. and tho fact that a large quantity of the- wools so far kept back oy the drought are. now advised by cable as ready for shipment, we are inclined to think 230,000 rat her under than over the mark.