COMMERCIAL INTELLIGENCE.

Hawke's Bay Herald, Volume 1, Issue 18, 23 January 1858, Page 2

COMMERCIAL INTELLIGENCE.

During the week, Mr. J. A. Smith sold the cargo of the "Petrel" from Poverty Bay, at the following prices : — sawn timher (white pine), 20s. f* 100 feet ; apples, 3d. }£;. ; onions 2d. ffi Jfe. c learn that the "Petrel" is likely shortly to return to this port. The news from Auckland is not (commercially) of a very pleasing character. One large failure is reported ; and others seem to be anticipated. Prices -of flour and building materials continue as last quoted. Sheep seem to be selling well. At the Newmarket sales on the 13th inst., a lot of 184 sheep sold for 325. 6d. each ; a mixed lot of 43S ewes and lambs averaged 275. 6d. ; several other lots brought from 275. 6d. to 28s. The English commercial intelligence received by the "Swiftsure" is to the afternoon of the 14th October. The protracted drain of gold from England, and the great demand for money, had caused consols to . decline, and the Bank of England had contemplated raising the rate of discount to S per cent. Liverpool. — The large public wool sales commenced on Wednesday, 30th September when 1003 bales Australian wool were offered and sold with great animation at an advance of fully Id. per lb. on the closing rates of the last sales in Liverpool ; and had the quantity been much larger, it would doubtless have been with equally favourable results. At this day's sale, there were only offered 1700 bales greasy Spanish and Portugal, fine Buenos Ayres, and Italian wool, but for these these -was little competition, and the greater part was withdrawn. At the subsequent sales, 6169 bales East India had passed the hammer ; and considering the large quantity offered-say 15,000 bales — the result is so far satisfactory. Prices with few exceptions, remained very firm, and on the whole about supporting previous quotations. Melbourne. — The wool sales which were postponed last week, in consequence of the general indisposition of buyers to come forward untill better advised of the condition of the London market, were announced to take place to-day. The arrival of the "Swiftsure" caused a further postponement from 11 o'clock till 2 this afternoon, at which hour, Messrs. R. Goldsborough & Co. submitted 2724 bales to the trade. Many of the lots had been offered and withdrawn on previous occasions ; and very little disposition was shown on the part of shippers to buy, except at considerably reduced rates, and many lots were again withdrawn. The attendance was, at commencement of the sale, very considerable, but much time was consumed in d\vel-\ ling upon the lots, and many of those present retired. The late hour to which the sale extended, and the small amount of encouragement attending it caused that of Messrs. Clough & Co. to be postponed until Wednesday, this day. The scoured wools were purchased without any offer being made. About 160 bales greasy were sold at lOd. to 12|d, a few bales ranging as high as 13^., and about 400 bales fleece at from Is. 7f d. to Is. lOf d. per lb. A few bales, very heavy, selling at 2s. 1 f d. Messrs, It. Goldsborough & Co. report that many lots were subsequently sold privately, and of the 2724 bales offered 2006 changed hands by public and private sale.