COMMERCIAL.

Hawke's Bay Herald, Volume 13, Issue 1026, 27 February 1869, Page 3

COMMERCIAL.

New Zealand 6 per cents, 1891, 100 to 111 ; ditto, 5 per cent-;, 95^- to 96^- ; ditto, January, April, July, and October, 94h to 95^ ; ditto, 6 per cents, 1891, March and September, 107 to 108 ; ditto, 6 per cents, 1891, June and December, 106 to 107. New Australian Loan of £2,000,000 not to be placed on the market during the present failures. Woor,.— The fourth and last series of wool sales for the past year commenced on November 26, having been postponed a week on account of the general elections.

The quantity catalogued up to to-day is 120,531 bales. Of these, 87,042 arrived since last sales ; 5,000 bales (Cape wool) wore held over for the March sales ; tho residue, 38,489 bales, were withdrawn from previous sales. There was a good attendance of home buyers at the commencement, •whilst an unusually Inrgc nuinbur of buyers from France were present. The prices realised showed an advance of Id. per lb. on good Australian and New Zealand wool, and to Id. per lb. advance on second and snow-white Cape wools." The sales progressed at these rates uniformly until the last week, when a much firmer tone was evinced, and tho sales closed with great spirit. An advance on the opening rates was obtained in many instances. From the steady consumption of the raw material now going on both in England and on the Continent, it is evident a restoration of confidence is taking place. Port Phillip, New Zealand, and Van Diemen's Land comprised a larger assortment this season than usual owing to wool held over 5 but, as shown by the prices obtained, they were principally middle class wools. All such as were adapted for combing purposes were keenly competed for, and realised an advance of fully Id. The best descriptions of greasy and scoured also commanded a corresponding improvement in price.