ENGLISH COMMERCIAL.

New Zealand Herald, Volume VI, Issue 1562, 26 November 1868, Page 4

ENGLISH COMMERCIAL.

Lokion, October 9—11*15 a.m. Consolß ior money, ; consols for account, 94f Beater's telegram giing the closing prices of American securities at' New York last evening has not yet been given to the public. The following prices are therefore made.vithout reference to the condition cf the home matiet: —TJ. 8. Five Twenties 741; railway shares are trm at 95J for Illinois, and 32J for TCrie. At the Bank of Englaii the inquiry for discount is small. Out of doors tlere is little doing. Money is plentiful, and the demaid everywhere slight. Joint stock-banks are working at If and 1J- per cent. .Colonial government secaities are steady Foreign Boiids are buoyant and advancing. Spanish Peruvian and Mexican Stocks are generally sought after and prices improved. Consols, money, 94$ \; ditto, account, 94J 1; India, 5 per cent., 114£; Brazilian, 5 per cent., 67f- \ ; Chilian, 6 per cent., 91J ; Mexican, 3 per cent., account, 'ISJ J-; Venezuela, 6 per cent., 64J J ; New Zealand, 5 per cent, 98i; New South Wales, 6 per cent., 1876, 100J 1 1; Queensland, 6 per cent., 107£ ; Yiotoria, 6 per ctnfc, 114J; Peruvian, 5 per cent, 79J. | LIVEBPOOL. October 9, 11.15 a.m. Cotton —The market opens steady at the following quotation: Middling uplands, 10-Jd ; middling Orleans, 10|d. The sales of the day will .not .exceed 8000 bale*. The sales of the week have been 96,000 bales, of which 19,000 wore taken for export, and 23,000 on speculation. The total stock of cotton in port and on shipboard is estimated at 427,000. bales, of which 89,000 bales are from the United States.

PRICES CURRENT OF COLONIAL WOOL Our third series, consisting of 55,862 bales Sydney and Queensland, 54910 bales Port Phillip, 9323 bales "Van Diemen'a Land. 12,C50 'bales Adelaide, 396 bales Swan Biver, 46,356 bales New Zealand, 29,308 bales Cape of Good Hope ; total, colonial, 208,205 bales; commenced 13th ult., and terminated th s day. It is alwa difficult to form a correct opinion of the market on a first night's sale, as ao much depends upon the atsortir.ent in the catalogue. We then advised a decline of abont.one penny per pound on fair j to good descriptions, based upon the average of Way saleß, with a further reduction on inferior and faulty descriptions. As sales progressed prices further receded, on good flocks 3d per lb., inferior descriptions 4d, and in some case 3 even more. From the commencement, with'/one or two exceptions, a large proportion of the woolb offered has been each evening bought in or withdrawn, and notwithstanding it was understood by the trade that such wools should not be offered again this series, it has had no effect in staying the downward tendency, or it must considerably augment the quantity to be brought forward in November.

In some quarters it was sanguinoly expected that towards the close of out saleß prices would to somo extent recover, but although, we have lately had an ! accession V'of frosh buyers they hare shown no disposition to exceed the previous ruling rateß, though the desire to purchase at; the full reduction has been stronger, esDecially for those descriptions which were moat depressed. A large proportion of all descriptions has been taken for foreign account.^ There now appears a general impression that the large increased growth i» more than can be taken for immediate consumption by the trade, and buyers are therefore unwilling to increase their stocks, except at very low prices. There is undoubtedly a great increase in the production of faulty wools, which, if not soon cu'tailed, will become more difficult —even than at present—to dispose of. On the other hand, tfce growth of really good woo'., in clean condition, is becoming every season more restricted. St. P.Hughbs & Son, wool broken. 10 Baainghall.street.