The Weekly Times. “Nullius addictus jurare in verba magistri." MONDAY, DECEMBER 2, 1867. THE WOOL MARKET.

Hawke's Bay Weekly Times, Volume 1, Issue 48, 2 December 1867, Page 299

The Weekly Times. “Nullius addictus jurare in verba magistri ." MONDAY, DECEMBER 2, 1867. THE WOOL MARKET.

An esteemed correspondent writes us in relation to the wool sales which had just closed, prior to the departure of the mail via Panama : —“ The quantity of New Zealand wool was the largest ever submitted at any sale. Upwards of 37,000 bales were catalogued. The supply of wool was large, while owing to the unprecedented contraction in trade the demand had lessened, hence the market has proved languid. The state of America with its prohibitory tariff tends to divert wool to the English market.” With reference to the classification and packing of wool for the home market he also says, “ There are great complaints among buyers, of the uneven manner in which New Zealand in general fails to attend to the classification and packing of its clips. It depreciates materially the value of a good clip to pack it unevenly, If it is at any time necessary to put two kinds of wool in one bale, it is not objectionable, provided they are not mixed, and that a line or mark is made round the bale denoting the place of division j such attention imparts confidence, and the brand becomes distinguished and known, so much so, that in times of depression a great advantage is gained, as wellknown brands command a sale, when it is difficult to move off others.” We consider the above remarks so important, that we afford them ail the prominence in our power in the hope that the complaints made against the New Zealand wool-growers may effect an improvement in the getting up of the staple export of the colony to the satisfaction of the buyer and the profit of the sheep farmer. The depression in the home market is regarded as but of a temporary character and without any uneasiness. While it continues those affected thereby must endeavor to counteract its effects in some measure by the exercise of economical management until a reaction produces a more favorable state of the home market.