OTAGO.

Daily Southern Cross, Volume XXVI, Issue 3972, 16 May 1870, Page 4

OTAGO.

"We have Dunedin papers to the 7th. The Daily Times reports :— " The business doing is still very limited, and it is scarcely possible to report anything of interest as going on in any department of trade. Country demand continues unusually slack, and the coastwise demand is scarcely better, while town buyers are discouraged, and it is almost impossible to extend transactions beyond the limits of current necessities. We hear of some small sales of liquids, both spirits and beers, but the prices reported^ show no essential variation from last quotations. Sugars remain at unchanged rates, the market looking firm, but no heavy operations transpiring. Teas arc also quiet, but stocks are working off, and some little improvement in the values of the better sorts will probably be experienced. The balance of the ' ElinaV congous were offered at Messrs. McLandress, Hepburn, and' Co. 's rooms to-day, a moderate amount of the half-chests and boxes quitting at fair prices. In the grain market no alteration can be noted. Moderate operatious, chiefly in Northern produce, have been going on, but the quantity actually conv'ng forward has been small."