LATEST ENGLISH NEWS.

Wellington Independent, Volume VII, Issue 626, 11 October 1851, Page 3

LATEST ENGLISH NEWS.

,TVOOL CIRCULAR

London, June 7, 1851

The first sales of this season's Import of Colonial YVool, opened on lire lflth. ultimo, and terminated this evening. The which had arrived in time, jmd was therefore included in the pre"sent series;"consisted of:— 11,609 Bales Australian 19,634 "• Port Phillip 2,747 " Adelaide 6,810 " Van piemen's Land 8 " New Zealand 12G " Swan Itiver 5,873 « Cape

T0ta147,007 bales Colonial, 1,462 Kmt

Indian, and 4,000 Foreign

Tho long continuance of easterly winds having prevented the earlier . arrival of many-Vessels, the sales were brought on a fortnight later than was at one time expected : had they commouced earlier, the qnantity would have been smaller than that usually sold in M-iy. ' The delay, however, ha\ing brought in nearly double our usual quantity, will, we hope, prove beneficial to our'mxt series, by distributing the quantities more evenly between the three first and most important series.. Notwithstanding the general dtdness of trade, which has continued more or less from the commencement of the year, it was generally .known that the stock of Wool in the hands of consumers was never lower than at' the commencement of these sales ; the consequence being that for some days after the opening, prices ruled at an averago reduction of about Id. per lb. on tho closing rates of February. The quantity brought forward, however, being more than sufficient to supply the immediate necessities of buyers, and the certainty ■of .an .equally large supply at the next sales, induced rather lower rates'for a portion of the series, and we may now consider our prices for the most part on a par with those ranging- in July and August last year.. This remark applying to Australian and Van Biemen's Land flocks more especially. For lambs' wool v 'locks, broken, &c, the demand has.been ; rery brisk, and fully late rates have been j obtained. j

' It will not be amis , } liore, to express the general satisfaction produced by tho great improvement both in quality and ■condition of tho Port Phillip Wools generally, a remarkable absence of seeds and burrs with but few exceptions. Tho exertions now made by the Port Phillip settlers to maintain and improve the, high reputation their flocks are held in, are highly creditable to them. We much! wish wo could make tho same remark! with regard to Sydney flocks, which- witbj some laudable exceptions are fast retro* grading in quality and wash, and burrri increasing; a very large proportion having been in this bad st'ato has sold af about and even lower than the flocks from Adelaide, some of which show high breed and condition. There has been, c large proportion of skin wools in theet sales; that from Van Diomen's Land b& ing fairly got up, has realised satisfactojj

man ?" how brook to be put down by ono of Sir Charles Fitzroy's intellectual cali~bre.

In our view of this important subject the colonists are deeply indebted to Lieutenant Governor Edward John Eyro for -this, the first great Official stand which has been made in favour of the liberties of New Zealand. By so doing, he has proved himself worthy of governing upon "constitutional principles; for has he not —according to the present corrupt and unconstitutional system—perilled place, profit, and promotion, in the colonial cause ? It is to be hoped, therefore, -■that the colouists will prove as grateful 'for, as they iiro sensible of t'.ie services of the man who has thus sought to ren■der New Zealand as united and happy as it has hitherto been oppressed and divided. Tho qneslion of tlie future governance >f)f Ne;v Zealand has, at all events, been --happily and hopefully broached- It has thus boon made patent to tho world that the battle waged by the colonists has j "been that of principle, not of faction; — that the real enemies of progress and ■prosperity have been the paid, the pliant,! null tho expectant clique who have advocated and palliated the schemes and. oppressions of power, —who have striven rather to crush the spirit than to incite the energies of the people. Let ns liopo that all these delusions are about to be ■dispelled. Parliament has this session ■promised us a new constitution. The Memorial of tho people of Auckland would come before it at a fitting moment to enlighten Colonial reformers. The ■-declaration of Governor Eyre has given a most powerful confirmation of the soundness of public opinion; and, as a portion of 'that public, we thank him ■jieurtily for his free and uubiassod testimony in our favour.