ENGLISH COMMERCIAL.

Hawke's Bay Herald, Volume 12, Issue 913, 1 February 1868, Page 2

ENGLISH COMMERCIAL.

London, Dec. 3. New Zealand Stocks and Securities.— New Zealand 6 per cents., 1891, March and September, 1071 to 108$ ; do. June and December, 109 to 110 ; do 5 per cents, 964 to 974; New Zealand Banks, 9 prem.; Otago Bank, 1 dis,; P.N.Z, & A.R.M. Company (10), 6; do (5), 3; New Zealand Loan and Mercantile Agency, } prem. ; New Zealand Trust and Loan, 1 prem. ; Oiago and Southland Investment, at par. At a special meeting of the Australisin Trust Company, held on November 28, a resolution was passed to the effect that it is not expedient to continue the business of the undertaking. December 10. Cotton is very dull, middling Uplands on the, spot are quoted at 7|d. and to arrive at 7d., and middling Orleans at Bd. Wool Uepoet. Messrs. Buxton and Hunter's Prices Current of the 30th November, states : — The public sales of colonial wool which commenced on Nov. 14 have thus far proceeded without material change upon the opening rates. Tho following quantities have passed the hammer: — Sydney, 11,373 bales: Port Philip, 9325 bales; Van Diemen'sLand.976 bales; Adelaide, 1903 bales; New Zealand, 9112 bales; Cape, 26,015 bales ; total, 58,704 bales. Of these, perhaps, 4800 bales have been withdrawn. Capes have receded from lid. to 2d. per 11)., the faulty and short descriptions being hardly saleable even at this red^ctaOiji,-') Sydneys have suffered fully to tho same . pxfcont, tlie-.gr.eatest iall being upon low and faulty fleefe wools, ihariy parcels of which could hardly be 3ladCii.ajLall.._Good..scoui > cd. wools, on the other land, have been sought after and have sold comparatively well. T,lj§ supply i6f!. Port Phillip wools being small at this season, ifc had been hoped that prices would have been "tolerably well maintained, but theTCom,bers,rboih hoce-andron the '.Comment.',' liavi'lieen doW'^badlV fttt 'soW time \mt tHaff ' haiiliJt aifsfiof,6h(feiftre T ¥eprestin ! «etl -all 'tlielse sa-^ ; aijjLJj^fgje/'.'thfl lyjsam^iaßjo'n-stapJoibwbols.'eve^ of I ihjejbetter descriptions, .has. .freeiuextemc-Jy^eavyii Weinust quoteWSeede wool fulfyM. per 11) lower i <ihaj^m_S^tejaiier,..and..Jilictc-JU'.e iustances-o£-3d.~ > reduction^ Grease wool is about li per 1b lower. , The generaliatagnaHQn ipfrtrado Con smnß rti^erpasfc Mis, of eoursfe, 1 WinMediale SaMol'tne present unfavorable position of ouii-iaaj4;r.fc,- but it must not be js^ipppsed that .any^cpnsjdei'ajale , l-cbouHd-j.wpidcU ne6MSaFrfy^ofl6WcV^rt-If I n^uract%rCT^wcrb JmS'%'fuyyjaeengfcd.'U r JJhe^*uMiqiSf-'fli«'jf • < P a tH°4j¥' fc iflss#)»i9^ h^> De eoJ'?<»-)rapja:olf!)lat»< •■■ SOS , . :• .. .liqH KWißa?f jBHJrH'XTV

years that it has at last considerably exceeded the consumption; hence wo see in all the markets immense stocks that will bo carried over into the new war and keep down the prices of the n««w clips. This excess of production ov ov consumption must have the effect of permanently lowering the valnoof tho article, and it behovos operators in the colonies not to lose M»ht of this fact, or tho result of the realisntion of the next clip will be as unfavorable as the one now being sold.

THE YOBKSHIBE WOOL TEADE. Leeds, Nov. 29,

The report of the wool trade from week to week has not materially varied for several months. Tho demand is devoid of all speculation, and tho fall of prices, combined with the small demand for yarns and pieces, discourages any largo purchases. Any improvement this year can hardly be expected. Colonial wool is selling slowly in this market, and most kinds are lower, but especially inferior sorts. Importers are losers and it is extremely doubtful that the next imports will be bought sufficiently low to correspond with the range of prices during the present London sales.