DALGETY AND COS LONDON WOOL REPORT.

Otago Witness, Issue 555, 19 July 1862, Page 4

DALGETY AND CO S LONDON WOOL RE PORT.

13, (}ie-.liiin-&tn > ef, London, May 24, 18G2. Dr.AK Sir, — Our present seik-s of Wool sales commenced on the 2nd iubtant, with about 00,000 bales to ntlor— a qiviutiuy !u excels of piv\iom years—and of which there have been sold to thL date — l'ort Phillip .. . .. 29,000 Sydney and More km Bay ... 11915 Van Dicman's kand. 3175 Swan River 2035 Adelaide 12,3-15 Cape (3988 New Zealand 1118 Total G3,f>2B bales At prices showing a decline, as compared with the pi ices realised in Febmary .sales, of one penny per lb. in combine; wools, and 2d. per lb. in clothing wools : but, where the Utter have been m any way faulty, the decline is greater. The attendance of buyers throughout has been good, and (he proportion taken by foreigners fully an aveiago. The competition lor well-eoudilioiied wools wit'i a long mid sound staple, particularly from Port Phillip, has In. en animated, and the prices lealised should be satisfactory to the growers ; but tor shorestapled wools the demand i-> languid, owhig in a great measure to the still uncertain position oi American affaiis, and to the uik-atisfiietory condition of our manui'. during population in Lineashiie. It has been, arranged by the Impoitcrs that the nevt series ot sales shall not commence prior to the 31st July, so as (o allow an interval of eight weeks after the close of the present sales for staplers to ivduce their stocks, and with the view of sti'engtlienins prices. The quantity to be brought forward in August will be equally as large as in these sales. AYe cannot, therefore, anticipate much "improvement, but the prospects of tin; harvest, w Inch will then be known, will have considerable influence, as well as any variation in American affairs ; the weather hitherto has been favorable for the growing crops. We remain, Dear s-ir, Your most obedient servant*, DALdETY & COM PAN 1.