COMMERCIAL INTELLIGENCE.

Hawke's Bay Herald, Volume 11, Issue 821, 26 January 1867, Page 2

COMMERCIAL INTELLIGENCE.

At Mr. Lyndon's quarterly land sale, held on Wednesday last, the 23rd January, the following properties were sold : — Land on Meanee Flats, the property of Mr. William Burton, in 7to 12 acres— £6 15s to £7 55.. Six seotions in the Township of Hadley, at 10s each. One town section in Havelock for £25, and one in Hampden £15. Property of the late Mr. Thomas Foan in Hastings street, £387 10s. Two cottages in Chaucer-road, in Mr. S. Taylor's estate, £48. Several valuable house properties in Napier were offered at a very low figure, but there was no demand,

LONDo'n WOOL REPORT— Nov. 2i, 1866. The fourth and closing series of sales for this year commenced on the 15th of November, the arrivals announced in time for sale comprising .—Sydney, 6936 bales; Port Philip, 4931 bales; Tasmania, 1029 bales; New Zealand, iOQi bales ; Adelaide, 2502 bales ; Cape, 43,968 ba1e5— 63,430 bales, held over; about 7000 bales ; total, 70,430 bales. The opening sale was well attended by the home trade, and biddings made with considerable animation for all descriptions at fully the dosing prices of last sales, For Sydney fleece prices were a shade higher, but Cape about Id. lower. Contrary to the expectation of many, comb* ing wools have not exoited the animated competition and higher prices anticipated, the depressed state of trade at Bradford causing buyers thenoe to operate with extreme caution. Prices have been irregular sinoe the first two days, and buyers bid cautiously. Exporters are doing but little, and the dealers seem indisposed to increase stock, so that the bnlk of the wool depends upon the manufacturers for absorption. Stocks of old wool are being oleared out, and some large parcels, in the aggregate from the north, have led to a slight depression in feeling, as evidencing a want of confidence in those who are generally liberal buyers. The present tone of the room would lead to the inference that no advance will be obtained, but perhaps in certain descriptions lower rates may yet be looked for. It is quite evident that stocks of wool are larger than were anticipated, and pending the arrival of the new clip, there seems to be a general wish to be quit of old wools likely to be in competition with the new wool. It is evident that the general course of trade in the north may be quoted quiet and little doing. Stooks of manufactured goods are accumulating, and it is feared dulness will prevail for some months ; the heavy losses occasioned to j|the general public by the recent panio, the continued high price of provisions, and the extreme depression in many trades, throwing thousands out of employment, are subjects for consideration by all engaged in future shipments to our market. The political horizon is not quite clear, and we can only again say that there cannot be too much caution exercised at a time like the present.