LONDON WOOL SALES.

North Otago Times, Volume IX, Issue 279, 24 January 1868, Page 2

LONDON WOOL SALES.

London, Nwvcmbei 23, 1Sh7. - Tho s.ilcs opened on the 14th NnvoiiiK'i, since wlion the following wools liavo hoen catalogued : — Poit Phillip, 4.S12 bales : Sydney, 7:W1) bales ; Adelaide, 9I5.S bales ; Van Dieman's laud, HOG bales, Now Zealand, 5900 bales ; Cipo, 16,420 Vales ; sundiies, 2jI> bales; total, 3(5,007 bales. Wo h.ivc a fail ittendanco of homo buyers, but only few foioigucrs. Piicos have fallen 2d below September rnti'S. J quote — avi-iago Sydniy, scoureil. Is 9d ; do fleece, la 6d; do ginase, 7d. Avuugo Poit Phillip, scoured, la JOd ; do flcoco, Is 8d ; do gjoase, 9M. Avor.igo Cape, snow white, Is Gd ; do .scoured, {3 ; do floeco, Is 0^1 ; do gi^ise, (id A very bad bu&in<"<s and an undeniable overproduction of wool aic tho 111.U11 canst"» of this flush decline ; the foimer may possibly iminove, )mt the latter must nere u Mirily continue its iufluoneo. Tho su}>ply of Austi'ihan boita being limited, morn competition andfiimnrii weie uxpeoted for thorn ; hub it appeals that stocks sin- adequate to the leijuiiements of the uext three or fuui months To cope with the inci eased supplies of the new clip, withoiitloweringt.be pirsont i ate*, a livelier business may, it is to bt> hopod, grow up between now and spring. As foi Capos, tho prices should be sufficiently low to inspire miuiufacturem with confidence, but it is imponnhlo as yet to see any such result. The sales diaw along without animation, the tiade seems afiiiid to opt'iatu beyond its immediate wants, and specu-l.ito'-s still hold aloof enthely. There were about 87,4:J<> bales of fresh ariiv.ils for thpse salt's, but a cousidoiablo quantity, say about 20,000 bales appear to have been held over fiom foimer oenes. It is to lie hoped that holdeis will follow their UHiial coui«e and cleat uMt at the end of tho year, for the m irket 111 ipung will, fo' sooth, be sufficiently supplied not to iipc> 1 the additional cucuuibian.ee of old fltooks. — Fiwai Ilobuuth