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WOOL SALES.

The second series of sales of the new clip co/amenced on the 14th July, and will continue to tlit 13th of August. The"jc snlcs opened under unfavourable circumstances. The nennua doubts entertained for the crops, and the non»scttlcment of the Eastern question, produced a (eclinc; ol uncertainty ns to the course of event". The feari,, however, which had been entertained by some ot a serious decline, wero not rea'ized; lor the bulk of the wool offered, prices receded only {d. to Id. per lb., while tho demand for the better classes I

of wool WHS Rood, The clothiers are well employed ; indc-cd, the demand for woollen poods is no Rrriit th.it' very much of the pri-sent m-nes has already pnsicil into coii'iimption. Much inquiry cxmts for tho choice clips, and the his;h rn»«e of prices obtained will provo ho« ncccsnary it i« for lb« colonist t» study condition an.i hrerd, and the pioper cla«»inT of bin wool. Deep grown akirty wool in difficult of t,ule ; and manufncMnors have i-rcit ohidctioui to puichaslng any donciiption ot wool m pro my condition. On tin- Bi'.on- of humanity wools should not be nhipped m this slate. Two l«r S .- VfseK, the " Condor" from Port Philip, and the '• AdiJnide" from Adelaide, have both been on flic, the enr^o of the former entnely lost, wbilo thai of the latter waa so damaged that her car^o was sold at Ihe Mauutius at a fri)(htlul loss lo the underwriters. It is rmtlc-ip.vted (lie October f-alen (the lust for the year) will comprise about .rio,ooo. r io,ooo baled, and a general opinion prevails thai, in the absence of any oxtrnneous onuse of exci.eincnt or damji-r, pi ices will rulo n ahmlc higher— indeed the Wool Maikot never presented more cheering featmes, Stocks arc exceedingly lig ht > " nd price*, it is remmUcd, were never on tin- oviTiiite so free from violent fluctuations. So larßO a number of bales meeting with ready purchasers at t.ie full market value, and tin- iinu.-ipation »l another large quantity being submitted aie the best proofs of R very lie&llhv trade, l)j»cd <>n sound principles. The number of' biles announced lor sale on t ic14'li July was 60,036 ; and ihenumbei paised the hammer to .in) August was 41.128.'- 1 Tho rouge ot priccß of ooloniul wool foi July and August were— Supcnnr flocks, in best condition, bydncy 2i. toi», 4d. ; Van Dioman'a Lind Is. Ud, lo 2s. Id. ; New Z-aland Is, !)d. to In, lOjd ; Cnpe Is, 9d, to 2s. Onlinary und ill condiuoncd flocks, Sydmy Is, 40. to 1«. Bil i Port Philip Is, sd, to Is. 3d, Van Uiem.n's Land Is, 4d. to la. 8d ; Adelaide Ib, 4d, to Is. 6d, ; New Zealand Is. 3d. to U, hd. i Cape lOd. to Is, OJd.— Home News, Aug. A.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/TH18540208.2.15

Bibliographic details

Taranaki Herald, Volume II, Issue 80, 8 February 1854, Page 4

Word Count
467

WOOL SALES. Taranaki Herald, Volume II, Issue 80, 8 February 1854, Page 4

WOOL SALES. Taranaki Herald, Volume II, Issue 80, 8 February 1854, Page 4

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