COMMERCIAL.

Wellington Independent, Volume XXVIII, Issue 3903, 6 September 1873, Page 2

COMMERCIAL.

The N.Z.L. and M. Go's Circular for July reports : — During the interval which elapsed between the departure of last mail and the commaiicment of the tales, a considerable inquiry for good combing merino wools was manifested on Continental account ; and had importers been inclined to sell privately in anticipation of the auctions now current, but little difficulty would have been experienced in effecting sales of. these descriptions at rates ■lightly in advance of those obtained at (he olobo of the May series. In this favorable feature half-bred deaoriptiona have not participated, and . at the various fairs of English wool lately held a decline on previous rates has been submitted to in order to effect Bales. This reduction, however, has by no means been general, those growers who were in a position to do so having preferred holding back their . clips, in. . the hopja of. better prices ■ "being hereafter obtained. The" attendance of buyers from various quarters at the' auction held yesterday evening was good, and biddings Were animated for all save cross-breed descriptions, which (in sympathy with home grown wool) were rather difficult of sale, at a deoline of about 2d per lb on May rates. Australian combipg washed- merino wools in many in•table snowed an advance of fully Id per lb on prices paid at the close of laet series, while clothing, washed, and greasy kinds were likewise firmer. Cape wools shared in the general improvement to the, extent of about id per lb. The publio sales of tallow during the past four weeka do not .equal those of the previous months', and where imports of Australian have been pressed for sale lower prices have been paid. The quantities catalogued were 4960 casks, whereof only 23,47 casks found buyers under the hammer*. The top prise secured -for mutton was on 27th ultimo, when 42» 9d per, cwt was paid;' * Prime beef on 20tb idem watched J4l« per cwfc, ( but afc the ldsfc sales held on the 4th instant 42s and 396 6d per cwt re•pectively for mutton and beef were the highest fates offered. Although shipments continue moderate, deliveries are falling off materially, i The stock on the 7,J<h instant was. computed to be 24,440 casks! and the deliveries for the week then ended are reported as being 1192 casks. The shipments advised by the Australian and New Zealand rnailT delivered on the following day comprise in all d? 02 l 2aekß.l For 'disposal 'this' day '646 casks are advertised* Market quotations are as follow:— P.T.O. new, .42s 6d j Australian mutton; fine, 42s ; beef, 40s per cwt.