OTAGO.

Press, Volume XII, Issue 1587, 7 December 1867, Page 2

OTAGO.

The "Daily Times," of the 4th instant,' ■■■■ ■ ■■""',. There has been yery little variation in the, state of the markets since the departure of the mails \t>ia Suez... Business, which at that time was' steady, has continued so; but no ■ ~ great amonnt of briskness has been apparent, " and the transactions carried through have not furnished anything of particular interest. The prevailing unfavourable weather has seriously interfered with the demand for ' spring goods; and in those of the; class usually selling well at this season trade has been light. Market values have remained firm, and . generally the disposition to alteration has been in the direction of improvement. In breadstufis, nothing outside of the current local trade has been going forward. Wheats are quoted at slightly higher rates, and holders, assuming that hitherto stocks have been OTer-eetimatedi are looking forward to the establishment of unproved prices. Provincial and South Australian flours are selling at £12 and £15 to £15 5s respectively. Malt' r liquors have had littleattention ; a few email parcels of ale and stouts (guaranteed oondi- "■ tion)~ mglaee'cbneHlufing" the~T>ullnees' done. Bacon and hams are reported as placed, for shipment at ls ! 2d ;' parcels for town trade hat c* h.awe?er, beeit quitted at something less. U one of the advised shipments of Baltic timber are to hand, and stocte of some descriptions, particular!; Scotch flooring, are bare; other building matt-rials are in ample eupply j galvanized iron has maintained its value, and the expectation of an improved demand exists. Stocks of spirits, though still full, have! been ■working off, and brandies are noticeable as coming forward in. reduced amount; prices ere without change, but holders are careless as to selling. Genevas and whiskies maintain previous rates. The new season's congous, ex Kubioon; were offered by auction on the 22nd ult., a considerable part of the cargo finding buyers. . The finest description realized 2s 4d; ft good medium, Is 10d to 2a j good ordinary to medium, Iβ 6d to Iβ 9d, about the values previously ruling. Sugars have been selling privately at prices rather better than; last auction rates, but the business done has not been in excess of current, requirements. . . Malt can be bought rather lower, but no transactions hare transpired] lla to lie 6d is about the value of beet samples. Corajgacks have been quitted at 13s 6d to 14a. Candles and'kerosene Are-very depressed, both items being on hand and advised as on the way in . : quantity unusually heavy for the season, i The arrivals since the 20th ult, have been the Jessie Brown irom Lefth, and Timaru and Chile from London. The money market has been easy, rates, of discount unchanged,, and j exchangee without variation. The Banke issue their drafts on "London, at three days' u-,;i>ight,at;Sper cent, premium j at thirty days, 14 per cent.; at sixty days, 1 per cent.' On Melbourne, 1§ per cent.; and on Sydney, and the Australian colonies, 1 per cent.