EUROPEAN NEWS

Wanganui Chronicle, Volume 6, Issue 279, 30 January 1862, Page 3

EUROPEAN NEWS

To 27th November. The Airedale arrived in Nelson with the English mail on the 23d, and the mail brought over to Wellington on the following day by the Wonga Wonga. Vessels loading at London for Wellington: —7John Bunyan, Allan; Oliver Cromwell, Lawson ; Blunsell, Lean ; Triton, Den-Nielsen. The colonial wool sales commenced on the 7th November, the arrivals with Stocks held over ; amounts to Sydney 15,175 bales ; Port Phillip 12,486 bales, Van Diemen’s land 1,744 bales, Adelaide 1,538 bales, Swan River 31 bales, New Zealand 9,286 bales, Cape 27,770 bales—Total 68,030. The prices ranged muchthesame as at last sales forsomedays, but ultimately a reduction was submitted to oh all faulty and inferior wool if about 1L New Zealand is quoted at from Is 3d to Is 6d. The prospects of the woollen trade are not such as to wai’rant the expectation of high prices. On the contrary, if continental affairs do not assume a more settled aspect there may be a reduction at next sales. The November sales of Scotch wool in and Glasgow went off well. About 18,000 bales were brought forward and Sold at an average advance of £d per lb. Some of the clips were very keenly competed for. The following is the range of prices obtained :—-Half-bi-ed hogg 34s to 40s ; Cheviot white 38s to 34s 6d, laid Cheviot 17s 6, tdi 19s, laid Cheviot, washed 20s to 245, a few very superior hogg 275, blacksaeetf white, 14s to 17s, blackfaced, washed 17s 6d to 225, blackfaced laid JOs. to 12 6d per stone. The Bank of England has reduced the rate of discount from 3£ to 3 per cent, which shews that commex’cial transactions are very much l’estricted. The l’eport of the Inteicolonial Steam Navigation Company for the 6 months ending June, to be presented to the Shareholders on November 26, is favourable. . Receipts for feiglit and , passage money £28,748 3 9 Subsidies . - 1t,550 0 0 £43298 3 9 Colonial Disbursements 33,115 11 2 Home do - - 6,069 15 3 ._ £39,185 6 5 Leaving a balance of £4,112 17 4 >Out of which Dividend has been declared at the previous rate of 7& per cent, per annum. ,