SIR G. GREY'S LIBRARY.

Patea Mail, 13 September 1882, Page 3

SIR G. GREY'S LIBRARY.

The following letter from Sir George Grey has been published in Auckland : “ Wellington, August 19. “Deal’ Shearer, —Auckland has now a University. lam anxious that the munificent gift thus made to the city should be supplemented by all useful accessories; I therefore wish on such an occasion to give effect to an intention I have long entertained by giving to the citizens of Auckland my library, if the Mayor and Corporation for the time being will act as trustees on the same simple trust as the library I gave to Capetown is held. Will you speak to the Mayor on the subject, and let me know how this idea can be best carried out? I will then write to him regaining it.—G. Geey. ” After an interview Mr Shearer had with the Mayor of Auckland, reply was sent that arrangements would be attempted to provide a suitable building for the munificent gift proposed by Sir George Grey.

WOOL PRICES. The L and M. Agency’s London circular says : —Advices regarding the opening of the series in London, on 22nd August, reached the colony on the 24th idem, and we regret to observe that onr anticipations of a further decline in crossbreds, when coining into competition with the domestic grown staple, have been fully confirmed. This marked depreciation in the value of a very important farm product must somewhat disappoint the expectations of the many who are shaping their ends to the growth of heavy sheep for the frozen meat trade, as a portion of what is gained in carcase will apparently be lost in the wool. Our latest telegram, however, reports a slight reaction in favor of coarse cross-breds, which no doubt will lead to a recovery in values. The demand for combing merino appears satisfactory, which may be attributed to the known inferiority of the Australian wools this year. The effect of the recent drought in Australia is displaying itself in a tenderness and shortness of staple which must cause ah unusual preponderance of clothing and scarcity of combing qualities. The season throughout New Zealand has been highly favorable to the growth of woolj and there is every probability of the clip proving healthy and strong, thereby enabling this colony to supply a portion of the deficiency in combing wools, arising from the causes above referred to. The success of the local sales at the chief centres of the wool trade in New Zealand during the last season, gives promise of largely increased offerings during the approaching season, and foreign buyers are already on the qui vive for able representatives to whom orders may be confided.