Commercial Record.

Marlborough Express, Volume III, Issue 95, 4 January 1868, Page 3

Commercial Record.

LONDON WOOL SALES. Schwartze’s wool circular of Sept. 26th, says : "The present being the series-' par excellence' for New Zealand wools, they have offered a much better selection than any of the other Australian sorts. The greater portion was in the grease and mostly in fair condition. Length and strength as in former years, but the quality somewhat coarser.” About 7000 bales from Now Zealand were expected to be placed for the November series, 6184 having arrived. The prices current at the above date for New Zealand wools were—Fleece, wellconditioned, 1s 9(and a half)d.; middling, 1s 5(and a half)d; scoured, good, 2s 2d; grease, good, 1s (half)d. The following private telegram has been received by the Suez mail :—London, November 19,1867. At the wool sales on the 15th, decline established almost twopence. Market over-supplied. Buyers reluctant. Prospects indifferent. A late English telegram, published in the Melbourne Herald, says:- At the wool sales on the 15th November, 87,430 bales were sold at easier prices than at the preceding sales. We look for low prices in our November sales, more especially as stocks are ample, and the wools to be offered will be but an indifferent selection. The following are the arrivals up to date:- Port Phillip, 6024 bales ; Sydney, 14,011 bales; Adelaide, 910 bales; Van Dieman’s Land, 494 bales; New Zealand, 7077 bales; Swan River, 108 bales ;

total Australasian, 28,624 bales; Cape, 41,464 bales; total, 70,088 bales. Adding to this the inconsiderable quantity still afloat, and the wools held over from last series, the total of first hand will probably reach 80,000 bales, and this total will be further increased by secondhand wools, and the chief feature in the approaching sales will be Cape wools, of which a very large quantity, probably 45,000 bales, will be offered. The prices for this description are at present moderate, but are, nevertheless, likely to suffer a further decline, on account of the increased production of River Plate wools, which can be used for the same purposes, and are at the same time cheaper than their rivals from the Cape. Of Australian wools the selection will be very indifierent. Business in the manufacturing districts continues dull, and there is absolutely no inquiry for wool. — Independent.