(From the Wellington Independent.)

Otago Witness, Issue 19, 27 September 1851, Page 1

(From the Wellington Independent.)

We have great pleasure in publishing the following extract from a letter received by Mr. Levin from his London Correspondents on the subject of wool. It fully confirms all previous statements as to the high character which New Zealand wool is acquiring in the London market, and the attention which it is attracting af -the hands of manufacturers. The suggestion respecting the packing of greasy wool is well worthy the consideration of our merchants and flock owners. " London 10th Dec. ISoO. " I feel satisfied New Zealand as a Wool growing Colony will rapidly advance in the growth of this article, and ere long rank second to no other. New Zealand Wool is in great favour with our manufacturers for its peculiar softness and improvement through the different stages of manufacture. I need not say cleanliness in the getting up, and packing as evenly as possible, as regards quality is of great importance. lam aware some growers at present could not make a bale of greasy Wool, but rather than injure their clean by mixing it, and creating a want of confidence in purchasers ; I would suggest if several of the growers could pack their greasy fleeces for the present till their flocks are larger, in one bale, and transmit each grower's weight to the shipper, after the account Sales arrive from this country, an equitable division could be made of the proceeds, and the result of sale of the clean Wool would amply recompense for any extra trouble and expense in separating the greasy fleeces as suggested. I consider New Zealand Wool approaches nearer to Port Phillip than any other, but it possesses a softness of texture which the latter does not exhibit. (Signed) HENRY P. Hughes." i The Board of Trinity College have acquired possession, at the cost of 300 guineas, of the identical sword by King William at the battle of the Boyne, and have placed it in their Museum. Important.—A gentleman who lately arrived from California, states that New Zealand cheese and butter, although selling at a low figure, were commanding the highest prices at San Francisco, being considered the very best in the market, and that, too, with the produce of all nations to compete with. The other news from California are not very cheering; trade still continues dull, and almost all kinds of merchandize and produce were selling at ruinously low prices. A great many people, who left the colonies to go in search of gold, and with sanguine hopes of making their fortune all at once, have not bettered their condition in life; but deeply regret the step they took, and heartily wish they had not gone there* * ' ~ !