Commercial Record.
THE WOOL MARKET. (From the New Zealand Loan and Mercantile Agency Company's Circular.) London-, October 31, 1868. A slight but gradually improved tone has prevailed in the woollen manufacturing districts during the past month, and there have been indications of a small increase in the scale of consumption of wool. The trade, however, is perhaps more largely stocked than for a long time past, and though there has been some enquiry for Australian wools of first-class growth, which, as usual at this season of the year, are in more moderate supply, the actual sale by private contract have been of insignificant extent. The date for the commencement sales has not yet been officially fixed, though an impression generally holds that they will open on the 19th inst. The arrivals to date are 55,790 bales, of which New Zealand contributes 8,411 bales. Having regard to the very large increase in the production of wool, accorindg to the most recent colonial advices, may be anticipated for the coming season —a considerable proportion |of which it is expected will be forward for the early sales of the new year—it is probable that any tendency to improvement ' resulting from a more favorable condition of trade, will be in a great measure checked by a more ample supply.^
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Bibliographic details
Marlborough Express, Volume III, Issue 150, 26 December 1868, Page 3
Word Count
215Commercial Record. Marlborough Express, Volume III, Issue 150, 26 December 1868, Page 3
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