ENGLISH COMMERCIAL.

Taranaki Herald, Volume XX, Issue 2045, 13 November 1872, Page 2

ENGLISH COMMERCIAL.

WOOL MAEKET.

We take the following from the " New Zealand Loan and Mercantile Agenoy Company's circular" of the I9th September .—•• The present series was initiated by the offering for sale 3,719 bales of wool, of which 1,081 bales were from New Zealand. Both 'home and foreign buyers being fully represented, che market opened with an excellent tone, the prices obtained Bbowtug, as compared with the closing July rates, an advance of Id. per Ib. on good fleece wools, of §d. to Id. per lb. on greasy descriptions ; while Cape sorts were unchanged, and cross-bred growths rather easier in sympathy with our domestic clip. Sales at Havre, wbioh began on tbe 11th instant, have passed off well ; this we think has favourably affected prices' here, whion, as the sales progress, exhibit very decided symptoms of hardening for all descriptions save cress-bred wools. Up to the evening of tbe 18th, the following quantities had passed the hammer : — New South Wales and Queensland, 6,766 bales ; Victoria, 5,184 ; South Australia, 1,395 j Tasmania* "85 ; New Zealand, 10,193 ; Western AnstraHa, SlB ; .Cape of Good Hope, 7,107 j total, 30,988 bales. ' The Advance seonred on the opening day' of sale has in the case of Australian wools been now exceeded by £d., while on Cape sorts, no appreciable enhancement has been obtained. Crossbrad descriptions continue to be neglected, and exhibit a downward tendenoy in price. Continental buyers are eager competitors ; for America, however, purchases are being very sparingly made. The general accounts from our own manufacturing districts represent the prices obtainable for goods and yarns as being unremuseraiive in comparison to the cost of tbe raw material and labour. The fact should not be lost tight of by shippers in esti mating the future course of this market. In the eveut of more ample supplies being from all quarters directed' to this centre, a maintenance of present level in prices ought uot next year to bo counted upon."