Commercial Intelligence.

Hawke's Bay Times, Volume XIII, Issue 555, 27 February 1868, Page 2

Commercial Intelligence.

: THE LONDON WOOL SALES. [From Mr Ilelmuth Scbwartze.J In the fom th and lr~-t sciies of London Colonial , Wool Sales, which opened on Nov. 14, the follovv*••3 wools were catalogued: — 2l,oso halos Pott Philip against 12,830 hales in lsf‘l; 22,253 hales Sydney ajamst 9,2 ba'es in ISOS; 3,328 bales Adelaide ' inst 2 5', 7 hides in ISC'i; l,£tn hales Van Diemen’s Laud agonist ly "1 ija ! cs in ISGh; 115 br’ - '" Cwan ll ! vcr a-..ihist It) brles in lotili; 14,111 i bpiesNewZer’ '.ndagainst6,723 ba'esin 18f.fi; 45,6'}5 bales Cape against -13,01') bales in 180 J; 2,129 bales i sundries sg.nust 2,725 bale - in l$&o. Total, 152,525 bales aga'ust 84,01 0 bales in 1813. The sales opened with a reduction of lid to 2d . V lb on nearly cveiy descridtion, bunging pilccs don .i to a level which in the ci’ c of many soi ,s, but more t -pccially Cape words, they have not occupied since the ci Isis of’-fi. It appeared probable that th/s fa l ! won ! d be a sulUc'ent sot off to r the veiy uns..tish etoiy position in which business stood, and hence, when rates became thus lived i at a low ins vk, a little m»re animation be pin to spring up. Cmup>‘tiii"H In, at Hist ahnost exclusively with tbe llonic bovciv, but the Foreign j trade, attracted by me rater, became subsequently 1 more actively mrrg' B'. and eonli United toaih.n■or tone pci va ’in,: too s- 'c «. Altogether about 135,00 ba’cta-c estimate 1 1 > have been bought 1 for cxpoi,—mainly to licinviuv and Austin,, France tak'ng th’s time but a comparatively small . .-here ‘At the close of thaseiics, though the general feeling may bo regarded as ra’.tier better, prices stand much on the same level a ; at the heu.n.iinv; a few ■desciiplhv.s, such as good Sydney scoured, Can ’, snow-white and g.vn-e, have somewhat imi proved. ami may bo staled M to Id higher than a month ago; hut the great bu ! k of ■ In; wools. l e.spc Callv faulty. shoi t, amt heavy soils, show no j change worth q mtinv. in the aspect of r,v !•>, llieve is no disccicable improvement ; lord thin-* should grow vvome is, by general bc ,; ef. improbable, but in expecting a ratlu-r belt ;v tone in bnsinc-’ with the leva ol the year—and the expectation is not unfounded—there »s yet one po’nt that must not bo lost sight | of, that to compel) ~ie for t.icin- -cased pn-j ductiou ahmo a d-., Idcd iiino’h-)V.uio.i vv U bo rea quisitc. Th ■ prospect-; in s;n 'ng under these c'-'Cumstar - ce» seem a rather stop. Per bus noi-s, with, *n tlie ,; uinin, uniillci". .1 p;l- os. The market is now pre-t'y web cleared, no more .■than 4/ )to 3,C ' b.i'c; remr'nhig ! n p>.,t hand ■ ’ I for sp c in a subsequent set les. Of New Zealahd wool it is remarked :—“ Though ™ the quantity in the market was considerable, it £ offered but an indifferent selection, ’■ regular, iucondnionod parcels being the ic'c. Tbe quality among these wools gets coarse and the breed fads off in companion to the produce of funner years. Prices veiy low; cross-breeds entirely neglected.” .