The Sun.
London, England, 1834-10-24 00:00:00

THE WOOL TRADE.

Some interest is now manifested among those connected
with the trade in Wool relative to the sales of Colonial and
other Wools now in progress. The sales commenced on
Wednesday, at Garraway s Coffee-house, were continued
yesterday, and will be carried on the remainder of the
week. There were a great many buyers from Leeds, Brad-
ford, York, &c., among those present at the sales ; and al-
though the scarcity of money is still felt in the country a
desire to purchase was evinced. The amount of Wools
announced for the first sale was nearly 4,800 bales, of
which about half are Colonial produce, from Van Diemen's
Land and Australia, the remainder were Portuguese,
Spanish, German, Swan River, and other Wools.
The first sale of the series comprised 700 bales, of which
527 were Colonial, 103 Tuscany, 50 East .India, and 80
bales of Turkey and German Wools. The Colonial Wools
attracted principal attention; but throupli the quality being
inferior not much activity was displayed by the bidders.
Australian Wools of the finest sort realized from 2s. to
2s. 5-0. per lb., and the lower samples at from Is. 2d. to
I s. 10d. per lb. The Wools from Van Diemen's Land
were also of an inferior description, and went off heavily at
from Is. 3d. to Is. 10i-d. per lb. East India Wools were
offered at Bd. per lb., but no biddings were made.
Smyrna Wools were inferior, and only realized from 34-d. to
4d. per lb. A second sale took place, consisting of 581
bales of Portugal, South American, Spanish, Russian, and
other Wools, but in consequence of their being of so in-
ferior a quality they were mostly withdrawn.
Allowing for the quality of the Wools in the present
sales, there is a decline of from 2d. to 3d. per lb. on the
quotations obtained for Wools at the sale in August last.
An indisposition to purchase the Colonial Wools was evinced
by the Yorkshire manufacturers, in consequence of inferior
quality.
Yesterday the 'second sale was well attended. and 1,160
bales were put up, of which 608 were Australian, 369 Van
Diemen's Land, 75 Cape, 3 from the New Colony on the
Swan River, and the other portion German, Vigonia, and
other Wools. In this sale the Colonial Wools were rather
of better quality, and more animation was displayed than
on Wednesday ; but still there was not that disposition to
purchase, which was the feature of the previous sales. The
Colonial Wools, amounting to nearly 1,000 bales, were first
put up for sale, and the finest qualities offered went off at
from 2s. to 2s. 7id. per lb., while the lower qualities sold
from Is. 3d. to 2s. per lb., and Wools in the grease from
Is. 1 d. to Is. 2d. per lb. The Van Diemen's Land Wocil
were' of low quality, and realized previous prices. The
estimate formed of the result of the second sale is, that
prices have gone about 2d. per lb. lower than at the sales
which took place a few months since. From the mull of

the future sales, which comprise Wool from some of the
best flocks in the Colony, a more accurate opinion can be
formed. The recent failures in the trade have had no effect,
and purchases are almost entirely made for immediate con-
sumption. The demand for Wools, the produce of the
British Colonies, continues on the increase ; and as the
growth improves, the Wools from Spain will become less
sought after by the manufacturers.