ENGLISH NEWS.

Hawke's Bay Times, Volume III, Issue 160, 5 February 1864, Page 1 (Supplement)

ENGLISH NEWS.

TO DECEMBER 3

Times Office, Monday, Feb. 8. By the arrival of the schooner Success, Capt. Doughty, which came in this morning from Wellington, we are in receipt of the November English Mail. We hasten to place our country subscribers in possession of the latest items of intelligence. LONDON WOOL REPORT. (From the Some News, No v. 26.) The last sale of the year commenced on the sth of November, the arrivals to that date consisting of—Australian, 10,207 bales ; Port Philip, 4,292 bales ; Van Dieman’s Land, 1,362 bales ; Adelaide, 608 bales; Hew Zealand, 14,953 bales; Swan River, 970 bales ; Cape, 28,265 bales; total, 60,657 bales ; which, with about 8,000 bales held over in first and second hands during the year, gave us a stock for the hammer of about 69,000 bales. The opening sale was attended by a very large number of home and fair proportion of foreign buyers, biddings were animated, and an average advance was established of |-d. to l|d. per lb. ; the latter being paid chiefly on stapled wools and middle Sydney, which ruled moderate at the July-August series. This advance was more than maintained for a few days, 2d. and being paid for wools ranging from Is. 7*d. to Is. lOd. last July. It became evident from the large quantitycatalogued daily of second-hand wools that stocks were longer than expected, and that holders were anxious sellers at an advance ; this, coupled with the fear of a still further advance in the Bank rate, caused a quieter tone, which, with a thinner room, caused a declension in price of Id to lid, and the market is now steady and animated with every prospect of markets ruling firm to the close. It should be noticed that prices have ruled very irregular, the same description of wool —iude,ed the same marks, selling at Id to 1-J-d difference in the same catalogue. From the clearance made by holders of all old wools it is generally believed that stocks in our market will be completely exhausted, and that the trade w r iJl be quite ready for the new clip to be offered in March. The general state of the woollen trade is satisfactory, and manufacturers have had little trouble in selling their productions most readily; but the advance on wool has produced quiter markets in the North, and dealers complain that their purchases are not moving off with much spirit.