Commercial Intelligence. ENGLISH COMMERCIAL. LONDON COLONIAL WOOL SALES.

Hawke's Bay Times, Volume 18, Issue 1099, 21 August 1871, Page 2

Commercial Intelligence. ENGLISH COMMERCIAL. LONDON COLONIAL WOOL SALES.

We take the following from the New Zealand Loan and Mercantile Agency Company's Circular, dated Londou, 29th June : The third series of Wool sales of the jear opened on the 22nd inst., and of the total arrivals to hand (221,637 bales), 44,784 bales have passed the hammer to this date. Buyejrs representing all branches of the £rade —home and foreign—have attended the market in large numbers, and for all descriptions excepting the best kinds of fine wool a general advance of Id to 2d per lb. upon the May rates has been established. Competition for greasy wool has been especially keen on the part both of French and American buyers, and the quotations of wool in this condition—already disproportionately jiigh as compared with scoured and washed parcels during the previous sales—have been parried fully 2d per lb. beyond the rates then current.

The continuance of the demand from America on an increasing scale has been perhaps jhe main cause of the special demand which exists for unwashed shipments, and is explained by an estimated' deficiency of nearly 20 per cent in the American clip, in the face pf an increasing consumption. It has been supposed that the French demand has been somewhat stimulated by the prospect of the imposition of a duty on the importation of the raw material, and to some extent this may possibly have been the case, but so far no au horitative statement has been made on this subject, aiid the opinion prevails in some quarters that if imposed its action may to some extent be innde retrospective as regards existing stocks. The home buyers met the advance in the market reluctantly, but having been sparing purchasers during the earlier sales of the year are compelled to come into the market to a fair extent.

.Advices' fro.in \he colonies speak of the probability of a much smaller increase than has been generally anticipated, but these statements are" looked upon with a good deal of suspicion. The condition and prospects of ihe'woollen trade are sufficiently favorable to warrant'confklence in the continuation of firm rates for the remainder of the present season, sind if the moderate estimate of the piantity of wool should prove correct, another most jinpor'tui t elemeiit of strength will be added |o those already existing,

TMPOUNDEP AT MEASEEBy Leonard Roper, under the Road Boafd Act.

One bay Gelding, branded WM off neck, long tail, part of off bind fetlock white, shod all round, about hands high, sore back One bay Gelding, about 14-|- hands high, rope on neck, sore* back, sdiort tail, no brand visible

The above will, be sold at the Meanee Pound at noon on Monday, 4th Sept, unless redeemed. R, D. MANEY, 353 Poundkeeper.