COMMERCIAL.

Nelson Evening Mail, Volume XII, Issue 51, 28 February 1877, Page 2

COMMERCIAL.

H. 5. L. Augarde reports the sale of horses from Wanganui at the following prices: — £14, .£l6, £17, £18, and £20. All useful trap and saddle horses. Tbe attendance was good, and competition tolerably brisk. He also reports the sale of I^o acers of land at Waimea West, near Redwood's property, for £355. Business done this day. The Colonial Agency report as follows tinder date London, 13th January, 1877:— Woo_. — There is little to report in this market since our last. Prices continue firm, but the business doing is not large. The arrivals of wool for the next sales at present only amount to about 65,00i> bales; when 200,000 bales have arrived the date of the opening of' the next series of sale 3 will be fixed; if possible, the undue accumulation for the later series will this year be avoided. The past year will long bo remembered in the Colonial Wool Market as a very unsatisfactory one; it opened witb a decline averaging about 1_; per lb on December, 1875, rates* in tbe second series of sales there was a further decline of l£d to 2d per lb; the third, and principal, series opened with an available stock of 396,000 bales, with dull trade and an attendance of buyers below the average, there was at once a marked reduction in value, and for a week or two prices still drooped, the decline was fully 3d per lb on r most sorts. Towards the middle of the series the market began to acquire firmness, ?~ . and before the close a recovery of from 10 .'to, 15.- per cent from the lowest prices bad . beenestablished; in the interval, between this'aud- the concluding series, a marked im.- , prQveinent in the woollen trade took place,,

and the sales opened at an advance of from 10 to 15 per cent on the closing or best rates of the preceding series, the attendance of buyers being unusually large and the biddings most animated ; the market grew stronger from day to. day, and the sales closed at the highest point reached during their progress. The prospect for the ensuing sales may be considered satisfactory; stocks are light both at Home and on the Continent with a good consumption going ou. Prices current for New Zealand wool :— Washed fleece: Superior, 1/8| to 2/3; medium, 1/5 to 1/8; inferior and faulty, l/uj to 1/4J per lb. Scoured: Superior, 1/9 to 2/3; medium, 1/4 to l/ 8£; inferior and faulty, l/_£ to 1/3*. Greasy fleece A Superior, ii*d to 1/5.; medium,- 9d to lid; inferior and faulty, 7_d to B£d. Arrived from New Zealand since our last— Dilpussuud from Auckland. Wheat and Flour. — These markets are firm, but .not active; prices have advanced since our last, and may now be quoted as follows.— Best Adelaide wheat of the last crop, 56/6; weevilly parcels, 52/ to 54; five old samples, 57/ to 57/6; and Tasmanian or New Zealand, 52/ to 56/; all per 4961bs ex store. Best brands superfine Adelaide flour, 40/ to 41/6; fine, 36/ to 38/; and Households, 32/ to 33/; all per 2Solbs net landed.