LONDON WOOL REPORT.
January 24, 1863. Since our last report the transactions in our market have been of the most limited character; holders are free sellers at last sale rates to a shade profit. There being a general desire to sell, buyers hold alcof, except for such descriptions to meet present and actual requirements. The stock of second-hand wools held amount to fully 10,000 bales ; aud although speculators who bought at the top of the market are willing to submit to a loss in mauy iustauces of 2(1 per pound, it is difficult even at this reduction to make sales. It is generally expected that at the ensuing February- —March sales fully 65,000 bales will be catalogued, of which quantity fully 25,000 bales are expected to be of new Port Phillip wool ; hence iv combing descriptions a declension in price is looked for of ] d to 2d per lb. Sydney wools will no doubt sell well, in consequence of the short import expected in time for February.
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Bibliographic details
Wellington Independent, Volume XVIII, Issue 1852, 7 April 1863, Page 5
Word Count
167LONDON WOOL REPORT. Wellington Independent, Volume XVIII, Issue 1852, 7 April 1863, Page 5
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