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Wellington Independent, Volume XV, Issue 1327, 26 February 1859, Page 3

The steamer' Boomerang got under weigh for Melbourne at 2 o'clock yesterday afternoon, with the mails intended to be forwarded to Europe per Emue. Among her passengers we notice Mr. James Smith who proceeds to Melbourne with the vie s. of endeavouring to establish relations with Messrs. Mackay, Baines, & Co., which, if successful, will confer considerable advantages on our port. We regret to see that .so ItLtle freight is offering just now for Melbourne, owing principally to the reduction in wool fieigbts by the direct ships for London. That a trade will spring up wliich will prove highly remunerative cannot be doubled, though il is necessarily a work <,f time.. To show that the Melbourne .Merchants aio _liv© . 0 tbo business to 'tie done iv this colony, we are permitted to print the following extract irono a. letter received from that city last week : —

" I should f.;el greatly obliged to you if you could give inn till possible information about the wool trad,, in your neighbourhood, and if you could tell me at the same time, if there is •my likelihood for me to get hold of about 200 or 300 bales of wool in your port, as in such case I might determine to come to New Zealand."

■In connexion with this subject we are glad to observe that New Zealaud wools have been in increased demand in the London market, and if pains are continued to be bestowed ou its " getting up," it will soou command very high prices.