London Wool Report.-June 14.

Lyttelton Times, Volume X, Issue 609, 8 September 1858, Page 4

London Wool Report.-June 14.

During the last fortnight several contracts have been made in our market, principally for ■wools in grease at an average advance of Id. to

Hd per lb, and some faulty Port Philips bonH.* early m the sales have been quitted kt i«. ?• * factory profit.' Sales to some extent niUht^ 18" been made if holders of first handVook W ? aVe willing to sell at recent rates. Sw tonJ^f 11 market is decidedly firmer, and the aKin *-he of many dealers and mimirfhrti^^gS* rates in July were sure to be established t I likely to prove correct, as the state of W coupled with an easy money market will h ficient to support prices, and if any ten<W *a?~ speculation should arise wools ( notwiS X to the quantity already arrived, 59,000 £«? -? be decidedly dearer, and s ho\add pr e va S' p Wil; easterly winds keep out arrivals +k cc of feeling that existed last sales of 85 nnF £ cf al being submitted in the July-AueuVf «2 ales prove incorrect, and our market 1 ■6s will benefit, many of the dealers havin/St the scarcely sufficient for their requirenfenKn^ ensuing sales. '"cuts im t ne In the present state of rouhliV f a - n y general mx'strust as to the Fr^tJnsS^^ a it would be very unwise if the iX v" 1* by the home buyers was not S, £ obseFve<i Operators for continental account S TT Sf' purclxase only for actual wSS !° Übt ' speculative feeling that exists wil? Hp 'f ?^ ny SSS ££2" looking AVith anx^ tfSf Wool of all articles would suffer very ™ from any misunderstanding with ourneilhw! 1 as was evinced in 1848-fortothepurcS sn "l bids of continental buyers we are tnf^ indebted for the present state of our markeS any circumstance which may shake confidence in the minds of foreign buyers would tell Sf ously on our market, particularly on the pro 3 l pect of an extensive sale. c 3

It seriously concerns buyers on the other shlp to act with extreme caution for the comine clir. and a good margin should be left for contineen' cies which it is hoped may not occur, but advinl in the present state of our foreign relations must be pressed on the notice of the colonists as the fever for purchasing at long prices has produced very unsatisfactory results, and the losses on which are exceedingly heavy maav very many, parcels have been purchased apparently without any regard to character and condition so long as it was wool.