THE LONDON WOOL MARKET.

Otago Daily Times, Issue 7723, 18 November 1886, Page 2

THE LONDON WOOL MARKET.

Dalgety and Co. (Limited) report under date London, Ist October: — The fourth series of colonial wool "ales for the present year opened on t c 7th ulc, and will close tomorrow, 'lhe totals catalogued will be: — Bales. New South Wales and Queensland... 1)2,918 Port Philip ... ... ... 5.',75ti Ta«n«nU .... ... ... 6.8H Adelaide ... ... ... 11.U41 West Australian ... ... I,ai7. New Zealand ... ... ... 80,1)37 Cape and Xtatal ... ... :»65S Total bales ... ... <id,.<is besides aboui. 4ouo bales of Falkland Island, liivei Plnte, and liussiau merinos, thus exceeding tht estimate by fully 8000 bales. This excess is due v icsales by draleis, who towards the close ot tin sttisou ar>- oiten desirous ot clearing out their oto socks, aud have in th.s instance be-n special!} tempted to do so by the high prices ruling, severm pirc is have also'boeu shi, ped fro v the United States for s le here, and ccv* al thousand bale., bought on American account early in the year and ; held h> n have also been resold, this uinrltet lulint above UuitedStatesprices. Theatteudauceofbuyeru at iheopmiing was probably the lurgestonrecord,anil continued so until the end <•( the tlnrd week, price: gaining in strength as the sales advanced. Many oi '. the foreign buyers, however, then returned home, and the tone became rather more hesitating auo irregular, aud this tendency has ben bMU mom pionuuucei during lhe last few dais, >alues now foi faulty and wasty greasy and sc.uied merino having receded to abi.ut opening rates. There have beun very few really gooi wools, however, offered, and these have sold relatively firmly, though not quiti up to the best point of the series. Crossbreds have been very Bteady and close at the b st. The yticei now ruling show an advance over closing ra es o July series ot about 2) per cent, all round. For tl.i (is., fortnight hardly a bale was bought in, but since then withdrawals have been more frequent, aud estimating what may possibly ba bougut in to day anu to-morrow, we thiuk about 3500 bales of Atißtraliab and 1500 Capes will even uahypiove to hava beci. held over or withdrawn, tlfus probi'ly bringing up the available quantity for November to 90.0U0 bales, though it is difficult io estimate this till we know whao steamers hava left the colouies in time. Manufacturers ge: erally teem well employed, auu consumption .6 on a very large scale, and as the supplies in the present serieß have largely bee ■ composed of New Zealauds, Capes, and faulty Australian scoured, we thiuk there should be agood dciriandfoi the greasy wools of the new clip iv November, especially for sound well-grown lots, 'ihe luiur course of Iheinrket will, however, greatly depend ou ttie possibility of buyers of raamfactured goodifollowing the great a ivance In the raw material The airivals lor the next series to date are oul) 20,002 bales, of which 7210 »re Capes.