COMMERCIAL.

Poverty Bay Standard, Volume X, Issue 1145, 12 September 1882, Page 2

COMMERCIAL.

Fhb New Zealand Loan and Mercantile Company rejort on the produce markets of New Zealand, 7th Sept. Wool.— -Advices regarding the opening of the series n London, on 22nd Aug., reached the Colony on tbe 14th idem, and we regret to observe that our anticipaions of a further decline in oross-brods, when coming nto competition with the domestic grown staple, have >een fully confirmed. This marked depreciation in the ralue of a very important fann product must somewhat disappoint the expectations of the many who are ihaping their ends to the growth of heavy sheep for he Frosen Meat Trade, as a portion of what is gained n uarwMQ will apparently be lost in the wool. Uur atest telegram, however, reports a slight reaction in avor of coarse cross-breds, which no doubt will lead to , recovery in values. The demand fur combing merino ppears satisfactory, which may be attributed to the mown inferiority of the Australian wools this year. *he effect of the recent drought in Australia is dismaying itself in a tenderness and shortness of staple rhich must cause an unusual preponderance of clothrig and scarcity of combing qualities. The season hroughout New Zealand has been highly favorable to he growth of wool, and there is every probability of he clip proving healthy and strung, thereby enafling his Colony to supply a portion of the deficiency in ombing wools, arising from the causes above referred 3. The success of the local sales at the chief centres of tie wool trade in New Zealand during the last season, ives promise of largely increased offerings during the K proaching season,, and foreign buyers are already on e “ qui vive ’’ for able representatives to whom ordrs may be confided. (BY CABLE.—REUTER’S SPECIAL). MELBOURNE, Sept. 11. Mauritius advices to August 29, are to hand. The 6w season sugar market has opened, but only small Quantities of assorted sugar are yet available.