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Commercial Intelligence.

LONDON WOOL EE POET.—J eke 25. The sale which commenced on May 10 closed on June 23, the quantities catalogued comprising 26,672 bales, Sydney ; 72,084 bales, Port Phillip; 5,732 bales. Van Dieman’s Land; 20,071 bales, Adelaide; 2,305 bales, Swan Elver ; 17,161 bales’ New Zealand; 15,571 bales, Cape; total, 157,602 bales. It is remarkable as showing the extreme healthiness of our trade, that the sales opened so well, the decline being about l£d 2£d on all descriptions, except the finer descriptions of Port Philip, which have ruled 2d to 4d lower—the extreme prices paid in March leaving a fair margin for decline; the fearful failures and panic in the city noticeably altering our market bids, and prices being maintained with remarkable uniformity. No doubt the heavy operations of French buyers completely ruled the market, our owu buyers as a rule bidding cautiously, and with anticipations that wool would fall considerably from opening rates; but when it became positive that nearly half the whole quantity offered would be taken up by exporters, our own buyers took courage, and for the last few days of the sales the tone was better and prices established with more firmness. Many of the large staplers who usually operate very largely at this season of the year almost abstained from buying, the low prices of all German wool at the fairs inducing them to stock heavily—circumstances there, in consequence of the war, enabling them to stock at fully 20 per cenfc. beiow last year’s rates. At one period of the sales Sydney wool was very cheap j many ilocks deserving higher prices from their healthy breed and careful wash did not realise the prices anticipated, the extremely low price of Silesian fleeces keeping down the prices of all good and middle Sydney. \Yith war and dear money it is difficult to form any decided opinions as to the range of prices at tho August sales, but judging from the present tone of our market wo look for prices being fullv supported for all free and well stapled descriptions ; faulty Sydney will find little favor, and bo sold with difficulty at a low range of prices; the cheap rate of all fair flocks, both Colonial and German, will interferetnost materially with such descriptions, and we note this in length for our Sydney friends, who often imagine that anything then co at a low price will find a ready market here.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/HBT18660830.2.5

Bibliographic details
Ngā taipitopito pukapuka

Hawke's Bay Times, Volume 8, Issue 407, 30 August 1866, Page 2

Word count
Tapeke kupu
404

Commercial Intelligence. Hawke's Bay Times, Volume 8, Issue 407, 30 August 1866, Page 2

Commercial Intelligence. Hawke's Bay Times, Volume 8, Issue 407, 30 August 1866, Page 2

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