Commercial.

Evening Star, Issue 3634, 15 October 1874, Page 2

Commercial.

The amount of revenue received at the Cus tom-house on cleared for consumption this day was LB3llos Id.

The following produce telegram from the New Zealand Loan and Mercantile Agency Company is dated London, October 3, 1874 ; Wool. The sales closed at an average improvemenfc of gd to Id on last sales prices. Thev comprise about 261,000 bales. 100,000 bales have been .taken for the continent. 5,000 bales have been taken for America. The next sales will commence on 17th November, WheatMarket flat ; Adelaide is woith 52s per 4961bs : New Zealand is worth 48s do.” The New Zealand Loan and Mercantile Agency’s circular, under date August 25. thus °f the London wool market:— The favorable condition of the trade had for some time been such as ■to lead to the expectation of an improvement in values; and on the opemng night an advance was established of id t© la per lb on the closing quotations of previous sales, _Cape wool being even Id to lid . j os far the sales have progressed with considerable spirit. The attendance from all quarters except perhaps Belgium, is numerous, and the nse of the first day is fully mainMined. Home manufacturers have as yet been the principal operators, but to some extent this is accounted for by the composition of the catalogues, which have not consisted of the descriptions chiefly attractive to foreign buyers but there are indications that as the series progresses and suitable selections of the staple are offered, some increase of competition from the foreign section of the trade may be expected. There is a small amount of buying on American account; the quantity witLfn Up t ° tlu j 8 tune >however, is comprised wthrn very moderate dimensions. So far as Australian merino wools are concerned, the imwe t. ¥ ve mentioned is noticeable ohiefly in washed and scoured descriptions • about the same as at previous I hj her x a “ d there a sli B ht advance. In half-breds, quotations are fully on a par with the unproved rates paid at the close of last senes, or equal to an advance of Id per lb on those of the earber auctions. It is the senes to venture an opinion as to the pro- ™ w° UrSe ° f F^ cea ’ but 80 far Present circumstances contribute to the formation of any view pntho subject, the indications are towards f,“ a “ tenanCß « f firm quotations throughout the autumn. Machinery is well employed, and ™ a-ntfr eß^° Penß( l Wlt ! h s , tocks of raw material in manufacturers hands almost exhausted. As at Odtob * a >r anged > tke series wi U continue to sth