Commercial Intelligence. WOOL MARKET.

Nelson Examiner and New Zealand Chronicle, Volume XX, Issue 28, 30 March 1861, Page 2

Commercial Intelligence. WOOL MARKET.

[From Chas. Jacomb and Son's Circular.] London, 25th January, 1861. The Wool Market is at present more quiescent than usual at this period of the year, with but little inquiry tor colonial of any description. In the face of the disturbances which threaten a disruption of the great Republic of the West, and the disastrous effect which Buch a result must (if unhappily accomplished) temporarily have on their commercial relations with this country and the world at large, added to which is the continued high range of interest, which has stood at 7 per cent, since 7th instant, without any present appearance of reduction, and the probability of a much larger proportion of the new clip of colonial wool than usual being offered in March sales, it is natural that consumers should reJuce their stocks to the lowest point and await the result of the next eeriee. There is, however, no reason to doubt that consumption is going forward rapidly ; but we do not entertain the sanguine views held in some quarters that the high rates of November last for all wools, but more particularly stapled flocks can be exceeded in the coming series. Whether they can be maintained is matter of doubt, more especially ■is the last Colonial advices all point to a decidedly increased production from moat of the ports. Public Bales of about 16,000 bales East India and 7000 other low woola have been in progress in Liverpool since the 15th inßtant, and will close this day. At these aales, though the attendance of buyers has been large, there has been a decided reduction in value aa compared with their September aales, say id. to Id. per lb. This, although, perhaps no criterion of the value or demand for colonial wool, is yet an indication ot what may naturally be expected to result, unless a very material change in the aspect of commercial and political matters should occur before the sales begin. The quantities already arrived are stated below. The direct exports from the Cape to United States and Dutch ports up to August last, was over 13,000 bales, showing the immense advance made in the production of that colony. Stocks of Colonial Wool 25th Januabt-. — Australian, 4143 bales ; Victoria, 6125 do. ; New Zealand, 556, do. ; Cape, 9500 do. ; and six cargoes not reported. Total, 20,324 bales.