COMMERCIAL.

Wellington Independent, Volume XXVI, Issue 3282, 21 August 1871, Page 2

COMMERCIAL.

Independent Office, Suturduy evening. Bad weather still fiffects trade of every description, and beyond the current business from day to day nothing has occurred during tlio week in our market to call for remark. Blood's stout is senrce, and enquired for. Sugar dull. Flour and grain apparently hardening, but giving way on the slightest attempt to force gales fo any extent. Canterbury flour of first brands may be quoted at £15 5a to £15 10s per ton, with no desire on the part of the trade to lay in stocks. The stock of oats in dealers hands is very low, but wo much question if higher rates could bo obtained than ■were quoted last week, viz, 3s to 3s 2cl per bushel. Salt butter in kegs has met with more enquiry for shipment to Auckland, but owing to the largo stocks on hand no advance has resulted. The news by the San Francisco mini of n further advance in the price of wool in the English market has given general satisfaction. In mosfceasfs the clip has been shipped under advance, so that the profit will go into the •woolgrower's pocket, and when it 13 considered that every penny advaneo on wool gives a bonus of over £30,000, the advimtnge is by no means to be despised by the province as a whole. Wo would, however, caution wool-growers and wool-buyers ngainst being over-Banguine th it the same rates may continue to rule next Beason, without inquiring into one of the probable causes of the rice, and which may hereafter prove the causo of an equal depression. In one of the late papers from San Francisco an allusion is made to a very extensive speculative purchase of wool, and the writer considers it is entered into owing to the loss to the world of the entire wool clip of South America, which usually finds its outlet at Buenos Ayres or Pernambuco, and goes on to say that the yellow fever now raging in that locality will doubtless occasion its exports of perhaps 125,000,0001b3 wool to be quarantined in all ports wherever sent, and the loss of this vast amount of wool to the manufacturers of the world must soon begin to tell upon prices everywhere.

As wo do not suppose tho wool will bo otherwise than delayed, and subject; to a disinfecting proceßS, it must ultimately Gndits way into consumption, and affect prices to an opposite degree.