COMMERCIAL

Poverty Bay Standard, Volume III, Issue 326, 20 November 1875, Page 2

COMMERCIAL

(From the New Zealand Loan and Mercantile Agency Company’s Circular, 21st September.)

Wool. —Our Circular No. 110, of 24th ultimo, announced the commencement on the 17th idem of the third series of Wool sales for the present year, and recorded the slate of the market ns indicated by the results of the sales held during the first six days. The course of the auctions since that date, and especially within the last week or two, has shown rather less hesitation in the biddings, and generally a somewhat better feeling is observable, although tangible change in-.quota-tions has occurred excepting in those classes of wool which had suffered the greatest, depreciation, namely, medium Sydney and New Zealand fi-eecs, half-bred, inferior scoured and Cape fl -ece wools; indeed in these descriptions the difference is confined more to greater in price than to any actual e leaner.

Foreign buyers have not increased their nurchase in any material degree, the choice of wool being, as a rule, such as is hardly suitable to their requirements; the slight improvement not iceable in the demand is due therefore, rather to the arrival of a larger number of representatives of the borne trade than, to any competition from abroad. Many of the leading New Zealand brands continue to show the intrinsic deterioration noticed in our earlier circulars, as compared with the same clips oft he previous season and on this account a comparison merely of prices f »r the purpose of showing the relative state of the market at the two periods would be somewhat deceptive. The heaviest, differences will of course be noticeable in half-bred flocks (washed) where the reduction has proved the largest. On th> other hand the best classes of combing merino, particularly those suited to the Continental demand, show comparatively little variation.