Commercial Intelligence.

Nelson Examiner and New Zealand Chronicle, Volume XIV, 10 November 1855, Page 3

Commercial Intelligence.

LONDON WOOL REPORT.

[From the Some News, July 19.]

Our public sales commenced on the sth instant, the quantity announced for sale being 72,000 bales. It was arranged by the wool committee and brokers to hold over 8,000 bales, it being considered prudent not to offer the whole arrivals of 80,000 bales.

At the opening sale the attendance of buyers, both home and foreign, was large, and a slight advance on the closing prices of last sales was fully established, with a gradual tendency to firmer prices for the first week, under the influence of great competition and large purchases for foreign account. After 20,000 bales had passed the hammer, more caution was exercised, and the animation and desire to stock observable had much abated ; the anticipation that continental buyers, after having supplied immediate wants, would not purchase extensively, except at a decline, . coupled with the fact of our own dealers being unwilling to operate at the high prices now ranging, may be considered the reason for this slight tendency to depression. The manufacturers from Leeds and Huddersfield, however, continue large purchasers, trade with them being good, and stocks exceedingly light ; the smaller buyers, however, from Pudsey, are not in force this time, and their operations are consequently insignificant. The small quantity of good Sydney wool in the present sales commanding long prices, and the stock of cloth held by many^ of the smaller manufacturers from this district being somewhat large, their competition may be looked for in November, when the show of Sydney, particularly Moreton Bay wool of the best clips, will be larger. Up to the present time (July 17), 25,000 bales have been sold at an average advance of 7\ per cent, on May rates, this advance being most perceptible on first class combing wools and those of ordinary and middling quality — the fair to good flocks having sold well in the last sales. The large quantity of 57,000 bales yet to be submitted, creates some doubt as to prices being maintained, and should the foreign buyers check their operations, we may certainly look for the advance established" being lost — the probability of another loan at home and the same to some extent for France and Turkey leading many buyers to infer that the winter trade may not be good ; hence that tendency to depression now observable. The exhibit of wools this time has been very satisfactory, those from Van Diemen's Land having given much satisfaction; the better brands and the warm-water washed clips having created much competition, nearly all of which have been taken for export. ' The high prices paid for these (2s. to 2s. 4d.) must be satisfactory to growers, and will lead them, we hope, to persevere in washing and properly classing their wools. It is regretted that many of the Port Phillip wools show a falling off in breed and wash, and are infested with the burr; this ought to be remedied, for the continental buyers, many of them, will not buy wools of this description.

The sales, it is anticipated, will close on the 10th of August.

RANGE OF PRICES OF COLONIAL WOOL.

July, 1855.

Stdnet. — Superior flocks, in best condition, Is. lOd. to 2a. 3£d. ; average to good, iv fair do., Is. 6d. to Is. 9Jd. ; ordinary and Si-conditioned flocks, Is. to Is. 5d. ; scoured clothing, Is. 6d. to 2s. 4d. ; do. lambs', Is. 6d. to 2s. 6d. ; fair and hand-washed skins, Is. 2d. to Is. 6d. ; heavy, lOd. to Is. Id. ; lambs', good, Is. 7d. to Is. lOd. ; do., inferior to average, Is. 3d. to Is. 6d. ; broken locks, &c, Bd. to Is. Bd. j in grease, Bd. to Is.

Victoria. — Superior flocks, in best condition, Is. lid. to 2s. 2d. ; averaga to good, in fair do., Is. 7d. to Is. lOd. ; ordinary and ill-conditioned flocks, Is. l£d. to Is. 6d. ; scoured clothing, Is. Bd. to 2s. 3d. ; do. lambs', Is. lOd. to 2s. 3d. ; fair and hand-washed akins, Is. 3d. to Is. 6d. ; heavy, lid. to Is. 2d. ; lambs', good, Is. Bd. to 2s. 3d. ; do., inferior to average, Is. 4d. to Is. 7d. ; broken locks, &c., Is. to Is. 7d. ; in grease, 7£d. to Is. 2d.

Tasmania. — Suporior flocks, in best condition, Is. lOd. to 2s. o£d. ; average to good, in fair do., Is. 6d. to Is. 9d. ; ordinary and ill-conditioned flocks, Is. 3d. to Is. -5d. ; scoured clothing, Is. Bd. to 25. ; do. lambs', Is. 10d. to 2s. Id. ; fair and hand-washed skins, Is. 3d. to Is. 6d. ; heavy, lid. fco Is. 2d. ; lambs', good, Is. 9d. to 23. 2d. ; do., inferior to average, Is. sd. to Is. Bd. ; broken locks, &c, lOd. to Is. 3d. j in grease, lOd. to Is.

Adelaide. — Average to. good, in fair condition, Is. 3d. to Is. 7£d. ; ordinary and ill-conditioned flocks, Is. Id. to la. 3d. ; scoured clothing, Is. sd. to Is. 9d.; fair and hand-washed skins, Is. Id. to Is. 4d. ; heavy, lid. to Is. Id. ; lambs', inferior to average, Is. 2d. to Is. 6d. ; broken locks, &c., BJd. to Is. Id. ; in grease, 7d. to lid.

New Zealand. — Average to good, in fair condition, Is. sd. to Is. B£u". ; ordinary and ill-conditioned flocks, Is. 2d. to Is. 4d. ; scoured clothing, Is. 3d. to Is. 7£d. ; fair and handwashed skins, Is. to Is. 4d. ; lambs', good, Is. 6d. to Is. B£d. ; do., inferior to average, Is. 3d. to Is. 5d. ; broken locks, &c, lOd. to Is. ; in grease, 9d. to Is.

Swan River. — Average to good, in fair condition, Is. 4d. to Is. 7id. ; ordinary and ill-conditioned flocks, Is. Id. to Is. 4d. ; fair and hand-washed skins, lid. to Is. 2d. ; lambs', good, Is. 6d. to Is. B£d. ; inferior to average, Is. 2d. to Is. 5d. ; broken locks, &c, 9d. to lOd. j in grease, Bd. to lOd.

Cape. — Superior flocks, in best condition, Is. Bel. to Is. lOd. ; average to good, in fair condition, Is. 3d. to Is. 7d. ; ordinary and ill-conditioned flocks, lOd. to la. 2d. ; scoured clothing, Is. 2Jd. to Is. 6d. ; fair and hand-washed skins, lid. to Is. 4£d. ; heavy, 9d. to lid. ; lambs', good, Is. sd. to Is. 9d. ; do., inferior to average, Is. 2d. to Is. 4d. ; broken locks, &c, 9d. to Is. 3Jd. ; in grease, 6*d. to ll£d.

Crops. — The corn crops are generally, though backward, in a flourishing condition, and a good, though late, harvest is expected. The potato plants are at present very healthy, and the yield of each root more than usually abundant. The hay crops are everywhere light.

Lord Dundonald. — The decision of the Government on the subject of Lord Dundonald's plan for destroying forts and fortifications is now known. After a long interval of delay, it is announced that the plan is rejected. As it is understood that the experiments were submitted to the consideration of competent scientific men, we must presume that the decision was a proper one. Illness of the Emperor oe Russia. — It is positively stated, in a private letter from Berlin, which derives its authority from a Russian source, that the health of the Emperor of Russia is rapidly failing. It is said that his disease is consumption, and serious apprehensions are entertained of the result.