Commercial Intelligence.

Daily Southern Cross, Volume XIII, Issue 992, 30 December 1856, Page 2

Commercial Intelligence.

The advantages enjoyed by our Wellington friends in having a valuable export of Wool is constantly forcing itself upon our attention. We find, from the Wellington journals before us, that a large lot, shipped per Seringapatara, and another that went via Sydney, per Oliver Cromwell, had been sold in the August sales, 'and had realised 3d. per lb. above the valuations. The Glencoe arrived at Portsmouth on August 19th, and it was expected that the wool that went by her, as also that by the Monsoon, would likewise have found a good market. In our columns to-dny will be found a letter, alluding to one that lately appeared respecting the wool-producing capabilities of Port Napier, and tracing the cause of this prosperity to the system of leasing runs for sheep and cattle which forms part of the land regulations of Wellington. The leasing system, it will be remembered, was pertinaciously opposed in the last Council by those who are now the Government party, A the present head of the Executive in particular, repeatedly .using what he "supposed to be an argument — that he would sooner see the Province occupied by men than by sheep. As if the Province could not be occupied by both, and enjoy the advantages derivable from both. New Zealand Butter.— A parcel of New Zealand butter was sold in Sydney, but the consignee describes it as " the'tnost inferior of all the bad butter he ever had to do with," and the price realized— sd per lb.— left, therefore, a heavy loss to the shipper. Purchasers as well as producers of this article must look to this, or New Zealand butter will get such a character that no one will venture to do anything with it. — Wellington Spectator, Nov. 29.