THE WOOL SALES

Wellington Independent, Volume XXVI, Issue 3282, 21 August 1871, Page 2

THE WOOL SALES

Tho third series of tho colonial wool sales commenced in London on tho 22ud of June, and have continued from day to day until now. At the opening of the sales Measrs Schwartze reported — 3482 bales, Sydney; 1085 bales, Povt Phillip ; 562 bales, New Zealand ; 553 bales, Adelaide ; 291 bale?, Van Diemau's Land ; 23 bales, Swan Eiver ; 1458 bales, Cape ; total, 7454 bales. There was a largo attendance of both homo and foreign buyers, and very much animation. Tho result was an advance in prices, extending to all descriptions. Sydney fleece -wools of ° the medium class— and tho cataloguo contained a largo assortment of these— show tho riso most conspicuously, and may bo quoted ltd, and occasionally even 2d, dearer than at the close of the preceding Bevies. On tho belter qualities there is only about Id advance, and scoured kinds appear to bo scarcely affected by the riso. Tho rather iodifforont show of Port Phillip sold about six to eight per cent higher than in May, and tho samo m:iy in a grneral way bo said with regard to the Adelaide and New Zealand wools, of whu:h. however, too little was offered to afford an accurate test of the relative position of the various qualities. Capes may, in the average, be quoted a penny higher, though in the case of tho best enow whites (which were exceptionally dear already in the April-May series) the advance is occasionally less marked. Altogether the attendance, tone, and general result fully bear out the expectations that had been formed on tho strength of the brisk private business transacted since the last sales; and, as the position of the woollen industry is favorable, and tho demand apparently quite equal to the supply, there secma fair probability of the present rates being maintained. The arrivals in time comprise — 58,024 bales, Sydney ; 67,942 bales, Port Philip ; 9,053 bales, Adelaide ; 45,805 bales, New Zealand ; 11,772 bales, Van Piemen's Land ; 2,632 bales, Swan River ; 26,407 bales, Capo ; total, 221,635 bales. The following are quoted as average prices: —Good to superior ecoured snow white, Is 8d to Is 10c! per lh ; middling to good, Is 6d to Is 7id ; short and discolored, Is 3£d to Is 5.^(1 ; middling to good Western fleece, Is Id to Is 3d ; good to superior Eastern fleece, Is 2d to Is 3ld ; good average Eastern fleece, Is o£d to la l£d ; middling Eastern fleece, lid "to Is ; short, heavy, and faulty Eastern fleece, lOd to lid ; good to superior Eastern grease, 7£d to 8-kl ; middling to good Eastern grouse, 6id to 7d. At tho sale on tho 27th there was offered only a small quantity of New Zealand, ex Estrella, from Wellington ; tho following prices wore realised :— l2 bales, WF, Is 6.Yd ; 8 bales, WS.lsGd. The other prices ranged from Is 2£d to Is 7h&.