Commercial Intelligence.

Hawke's Bay Weekly Times, Volume 1, Issue 4, 28 January 1867, Page 23

Commercial Intelligence.

LONDON WOOL REPORT. » *, t • i 24 th November. The fourth and closing series of sales for this year commenced on' the 15th of November, tlie arrivals announced in time for sale comprising— Sydney, 6,936 bales; PoTt Philip, 4,931 bales; Tasmania, 1029 bales', New Zealand, 4,064 bales Adelaide, 2,oo2bales : ; : Ci-pe, 43,968 ba1e5—63,430 ‘bales ; .held Over, abo ujr7,ooobales; total, 70,430 bales. - -' ,

The opening sale was-well attended by the home trade, and biddingsmade withhonsiderableanim% tioff for'ail descriptions at fully the closing prices of last sales. For Sydney fleece prices were ;: a ; Bhade higher, bat Cape about Id lower. •' Contrary to the expectation of some, combing wools have riotexcitedraS animated competitionahd higher prices' depressed state of 11036 at 3radfofd,'catising buyers thence to operate, with extreme caution. . ’ ~ '

Prices have .been irregular since the first two ■ days;- and“huyers i ’bid ! cahtibiislyJ '.Exporters are doing hut little, and : the dealers seem to increase stock,-so that the bulk of the wool. defends upon: the manufacturers -£or absorption.' 1 - : * ! Stocks-of old wool are. bmgT cleared oiit, ’ and some large' ’pardels',- iir the’‘-aggregate from the • -north,- have leddo. a slight degression infeeling,as : evidencing a want of confidence'jn those who -are .. generally-liberalbuyers.- / c -The present tone of the room would lead to the inference that’no advance wiir'toe'obtained; hut perhaps in certain descriptions lower ratesmayyet .belboked'for. if / ;y : .v 'J ' - ;Xt.is quite evident that stocks of wool are larger than were anticipated, and, pending the arrival of the new clip, there seems'to he a'general' wish:.to: be quit of all old wools likely" tobein competition with the new wool.

" 'lt is evident'that the general course of trade in the north may ;;be quoted quiet and little doing. Stocks of manufactured goods are accumulating, and it is feared dullness, will prevail/for' some ■months'; the'heavy ldss' J ocCasioaed’to -the general public by the recent panic, the continued - high ptice of provisions,'and'theestretherdeprfession in many trades, throwing thousands out of employment, are-subjects for consideration by all engaged in future shipments to our market: ~ The poetical horizon-is not quite clear, and we can only again say that thSffe bannbt bei tod ’much-'caution ’exer'cisel at h.tHhfe'like theipresent; ... ■; - - ‘

v' Messrs ;.Waidelers:& :Bowes,. in their circular dated the -34th November, quote New Zealand : wools as'follows superior, 26d •to*2Bd';' extra, 29dto 32d; ayerage,f22d l t6 ’2M;' han(b< washed andsldhi -18d' to r '2od; washed, superior, <v2Ba t&. ; 26daverage, ,20d inferior, ■' to i9d ; unwashed superior, l4d"to 15a; 'averagb 12d to 13d; inferior, 10d to lid. ■ ’■ There'has been increased' depression throughout • themaEU^t^ihgffiStfi6tedurfiife''fh&’monthr s 'nie : tlib'-worsted 'trade especially has J spread l to".otber ‘branches',.' and the demahd for short wools fell-off',-but yesterday’s advioes j from ‘: -Bedfordreport a’decidecQjrrbettertaneiu.themar- ..: ■ permanent, it is.possible ihathhe dbwhwafd'movexnent - .Xion^hright-hajred,Jßn^-

lish wooiriiave suffered most; they are now quoted at' 23d'tb : 23|d for hogs, and\2o£djto 81d ibfor best Lincoln-wethers, .- . The public auctions here commenced on. the } 15th insji., and arearranged to cqntinue till BthDie'dembKr 1 ; but m&y bh, !curitiiled r ;'’ the first 1 skveh logues hate already brought forward - 30,455 bales; —11,812 have been/sold. - ; ; THe attendance of the home, trade was fully ari; average;: and' ivith/spme assistance front] German and Belgian buyers they are. able to, mijmpaiff a fainted ‘ buyers,.are.ti6t , 'nui^erovdi r> there } ta > little offering U) httfact' theih;' ahd thdy dbnbf seem : free buyers bf'AuStralian, while the-ahtuldant Supply: of Buenfes’AyireS wools-on the 1 Continent, . i atiirelatively loweriprices, ,Cape, being bought for that destination. ; . I- Compared ,with f the close of last' September sales we 'fiha ! of Philip Wools'. - ] Sfcoiired sorts now ; good fleeces over 24d - : lb are very * scarce iahd secure .'attention!: but. unwashed from to 13d ,39, .ib_are quite as to buy as at that period. Goifif staple Sydneys be quoted 1: Id lb higher. ' • -- -■ " ihe 'selection of Cape. fleeces,: considering the large quantity,,includes .very few stout shafty lots, they consequently sell wdlat 19d lb; clean scoured wools are in’abundance; ,‘on these and on ordinary fleeces, the decline is 'folly ld fib’: ttawhshedhaiFeen nf'bStter dtpply than during late'sales, and realizd teh value/ shy 9d'to l ttfor goodfaverage; : ' - The fesultisfsp for as satisfactory, as was expected, stocks of fine wools are larger , now than at this period last year, and trade' with "us will not materially revive' hefore the new year; in Germany it has hot picked up as was expected jat the 'close tif tlle ; war, and in 1 America! the manufocturing business is unprofitable. - :-