LONDON WOOL REPORT.

Hawke's Bay Herald, Volume 12, Issue 905, 31 December 1867, Page 2

LONDON WOOL REPORT.

We look for low prices in our November sales, more especially as stocks are ample, and the wools to be offered will be but an indifferent selection. The following are the arrivals up to date :— Port Philip, C 024 bales; Sydney, 14,011 bales; Adelaide, 910 bales; Van Diemens Land, 401 bales; New Zealand, 7077 bales ; Swan River, 108 bales ; total Australasian, 28.G24 bales; Cape, 41,401 bales; total, 70,088 bales. Adding to this the inconsiderable quantity still afloat, and the wools held over from last series, the total of first hand will probably reach 80,000 bales, and this total will be further increased by secondhand wools, and the chief feature in the approaching sales will be Cape wools, of which a very large quantity, probably 45,000 bales, will bo offered. The E rices for this description are at present moderate, ut are, nevertheless, likely to suffer a further decline, on account of the increased pi'odnction of River Plate wools, which can be used for the same purposes, and are at the same time cheaper than their rivals from the Cape. Of Australian wools the selection will be very different. Business in the manufacturing districts continues dull, and there is absolutely no inquiry for wool. The following private telegram has been received by the Suez mail :— London. November 16, 1867. — At the wool sales on the 15th, decline established almost 2d. Market over supplied. Buyers reluctant. Prospects indifferent. A late English telegram, published in the Melbourne Herald, says ,— At the wool sales on the 15th November, 87,430 bales were sold at easier prices than at the preceding sales.