BANGE OF PRICES OF TASMANIAN WOOL.

Southland Times, Volume I, Issue 34, 6 March 1863, Page 2

BANGE OF PRICES OF TASMANIAN WOOL.

\ November and December, 1862. Extra flocks, 2s 3d to 2s 10; superior flocks, in best condition, 1b lid to 2s OJd ; average to good, in fair condition, 1b 7d to 1b lOd; ordinarj and

ill conditioned, Is S'Bfo la 6d; scoured, 2s to 2s 4|d ; fair and handwashed skin, Is 4d to Is 7d ; inferior and kempy, Is Id to Is 4d; lambs', good, Is 9d to 2s; lambs', inferior to average, Is 4d to Is8d; broken locks, <tc, Is to Is 3d; in grease, 8d to lid. — SCobaft Town Advertiser. «. - . — — ■ .♦ ' .. California.— By the Gertrude, from California, we {Sydney Empire) have news to the 6th of December last. The following commercial intelligence is from the Daily Alia California : — Trade has been fair, but not positively active. There is a arood demand for all sorts of grain, at very full prices, but the receipts continue light. It seems to us that farmers stand much in their own light by not keeping the market better supplied than they have done of late. They may rpgret their present course when it is 100 late to be of benefit. Among the effects of a redundant paper currency is overtrading. Money becomes so abundant, seemingly at least, that the ordinary avenues of investment are insufficient to absorb it. Hence, speculative movements and the advance of prices. An Eastern contemporary says: — " Importers are just now in the somewhat singular predicament of having money that they do not know how to employ. The rates of gold and exchange are so high, they cannot make remittances in payment for their importations, and have therefore large amounts of money thrown on their hands, for which they have no employment in the ordinary way of trade. The question among them, therefore, is what they shall do with this idle capital, Some of them propose buying up certain desirable styles of goods for future sale ; but this has the objection of creating a spurious demand, that in turn would produce increased importations of the very articles, and thereby overstock the market just at the very time when they would want to sell. Some propose investing in stocks; this, again, might send up prices, or would at least be violating the sound maxim ' never buy in a high market.' Some propose investing in real estate, which has the appearance of going out of business altogether, rather than the tomplexion of a trading expedient." It will be observed that although money is said to be so glenty. " the rates of gold and exchange are so high they (the importers) cannot make remittances in payment for their importations." This admission nbows that the superabundance is but nominal. Money (metallic) must be as scarce as ever or these importers would find out a way by which their debts miijhf be cancelled. But, mistaking the nominal for the real, they imagine themselves wealthy, and cast about them to devise means for investing their fictitious capital. Paying their debts is to expensive, at least, for the present. Such a difficulty must soon find its own solution. Flour. — 400 quarter-sacks Alviso, at 7 dollars ; 200 do, San Jose Family, at 6 dollars ; 900 do, Golden Ago extra, at 6 dollars; and 400 do, Commercial do, at 6 'lollars, 25 cents per 200 lbs. Wheat.— ls) sacks milling, at 1 dollar, 62$ cents ; anil 15 J do choice do, at 1 dollar 67J cents per 100 lb. Barley. — 1200 sacks, at 2 dollars per 100 lbs. Oats.— 2oo sacks, 2 dollars 50 cents per 100 lbs