ENGLISH SHIPPING

Wellington Independent, Volume XVII, Issue 1734, 24 June 1862, Page 3

ENGLISH SHIPPING

DEPARTURES IN APRIL. April 7, Egraont, for Canterbury ; Abdul Mejid, for Otago ; April 8, Queen of the North, far Auckland ; April 9, Harwood, for Canterbury ; April 22, Escort, for Otago. ABBIVALS. March 31, Mersey, from Auckland, Dec. 7 ; April li, Asterope, from Wellington, Jan. 19. SHIPS LOADING AT LONDON. For Auckland — Indian Empire, Black; Matilda Wattenbach, Goudie : African, Gibson; Hauover, Rich ; Lancashire Witch, Brinsden. For Canterbury — Mary Ann Ashby; Mersey, Smith. For Nelson — Edward Thornhill, Sweetman ; Avery, Grace. For Otago — Planter, Thrift ; Bombay, Sellars : Romulus, Lord. For Wellington — Princess, Huntley. VESSBLS SPOKEN "WITH. Kensington, London to New Zealand, March 16, lat. 4 N., long. 23 W. LONDON WOOL REPORT. April 22, 1862. Since the last report inquiries in our market have been on a very limited scale, those who found a difficulty in supplying their immediate requirements from the stock of Port Phillip submitted in March sales have nearly done so by psivate contract from recent arrivals. These purchases have bean very limited and chiefly of full-bodied wools ranging from 2s to 2s 2d; the total operation in these exceptional purchases may amount to about 300 bales, and— this to oblige the buyers, for as a general rula it is found objectionable to sell wool thus.

The sales have been fixed to commence on Friday, May 2, a departure from the usual custom of fixing Thursday in consequence of the general wish expressed that the first day's sale should not be on the same day as the opening of the Great Exhibition, fixed for Thursday, May 1, .

The arrivals to data are very largß, viz.: — Australian, 12,390 bales; Port Phillip, 44,140 ; Vau Diemens Land, 4529 ; Adelaide, 12,551 ; New Zealand, 1704; Swan River, 2071; Cape, 7000; total, 84,385 bales. Judging from the feeling in the north, and the general state of trade there, recent rates can scarcely be looked for, particularly for Port Phillip, on which a decline may be anticipated of lid perhaps on the better flocks 2d, these having been in very short supply during the March sales ; other descriptions will no doubt be in favour of the buyer, but will Bell well and nearly maintain the prices of the last series.

A deputation from the buyers have had an interview with the merchants' committee to take into consideration the importance of limiting the period over which the sales of the year extend; the general wish of the buyers being that from 3000 to 3500 bales should be sold daily, and, if possible, in about 400 or 450 lots. After this interview the subject was discussed with the leading brokers, and all being anxious that the matter should be amicably arranged, the wishes of the buyers will, bo far as is practicable, be carried out. The brokers, and very wisely so, being considered by merchants and buyers the best paities to carry out the arrangement, it was mutually agreed that the Bubject should be thus left, and that as the forthcoming May Bales would comprise many of the large flocks,- thfe series would afford the best opportunities of testing whether the arrangement, and of judging whether an increase in the number of bales in each lot will enable the brokers to obtain the full market value — some holders imagining that many of the smaller manufacturers will not be able to bid at many lots if too largely increased. The subject being left entirely to the broker, the leading importers are quite. content, fully assured that the interests of all will receive due consideration.