MELBOURNE.

Southland Times, Issue 3316, 5 February 1879, Page 2

MELBOURNE.

Messrs Goldsbrough & Co. report for the month ending January 24th :— Wool.— At the auction sales held during the month 14,360 bales have been catalogued and 11,284 bales sold, thus making a total of 134,638 bales offered and 99,441 bales sold since the opening of the.season in October. The quantity offering has fallen off very considerably during the past fortnight, and it is evident the sales are 1 now nearly over, the catalogues from this time i forward being likely to be comparatively unimportant.- „.- . k , . • " Prices have been fairly maintained during the ! month,' considering the unsatisfactory advices from the home markets. Afc fche later sales an easier tone has been apparent, and present rates may be quoted a little lower, though not to an appreciable extent, except as regards inferior descriptions and crossbreds, of which a considerable proportion has been offered, and which show a decline. The class of wool brought for- | ward throughout the month has generally been . ordinary to average, as is usually the case to- | wards the close, of the season ; "and. feking con- , -dition into account, *a full'ran-re of prices has been given. • „,,.' The shipments to date are 230,667 bales, being , 10,316 bales in excess of the shipments at the corresponding date last year. Our up-country advices continue satisfactory, feed ,and water- being generally abundant, and stoclcin excellent condition. 'The next clip promises to be thoroughly sound and wellgrown. Exchange on London continues at one quarter per cent, discount for drafts at sixty days' sight, and half per cent, extra for each month additional , - , „ Freights to "London per' sailing vessels J are now very low, late rates being $d. for greasy, and fd per pound for washed. The steamers via Suez Canal are also taking wool at reduced quotations", ruling rates being fd per pound for greasy and _d per pound for washed. Prices Current— lnferior greasy, 6d to 7d; ordinary to average, 8d to-10d j good to superior, lOd to 'ls ld; inferior washed fleece, ls ld to ls 3d; ordinary to average, ls 3d to Is sd; average to good, ls 5d to ls 8d ; superior, ls 9d to 2s 2d ; inferior scoured, ls to ls 2d ; ordinary, ls 2d to ls 4d ; middling to good, ls 4d to ls 6d; superior, ls.Bd to ls 6d. , ,-<■ ■ -, f