COMMERCIAL.

Lyttelton Times, Volume XXVII, Issue 1929, 23 February 1867, Page 2

COMMERCIAL.

Lytleltoa Times office, friday Evening. A fair steady business has been doing during thepast week, but of a. limited character. Our stocks of '.merchandise are still so very heavy, that holders continue anxious to sell very many goods even at the unprofitable rates lately ruling, We are glad, however, to see that shipments are being made with greater judgment, and with a, probability of alittle breathing time bting given to clear our overstocked markets. The Canute sailed on the 11th December, and is this only vessel advised as having' left for this port. The Paria and the Lincoln were to follow, but goods were not coming forward very freely. The following goods areiadvised as being in the Canute, Viz.:—Of woblpacks, £124; cqrnsack, £117; 22,045 lbs; rum, 853 gals • geneva, 187 gals; British spirits, in glass, 1053 gals; British spirits in hulk, 1518 gals; red wine 1328 gats; white wirie, 2368 gals; beer in bulk of 3B gal. cask?, 251;beeiriii glaesof 36gala.t6casks,391; cheese, 15 cwt; malt, 4)3.qrs; hopsj 25 cwt; hams-and bacon, 73 cwt; sardines, .3 cwt; salad oil, "9S-galßj starchy £120; soda crystals, none; candles, 3cwtonfy; foreign candles, 53cwt; soap, 40cwt; raisins, 27 cwt; cm> rants, 71 cwt. The advices by the mail appear to have imparted a tone of firmness to several articles. Candles appear to be shipped in unusually, small, quantities to Australia and to this port, 56 cwts only, including both British and foreign. The Melbourne advices' 1 stale stocks to be low, with every probability of the price, reaching 15... 6d per lb, immediately. Holders. here are now asking I s 4il to Is sd, whereas yesterday purchases could have been madeat 13} dtp l4d freely. Hams and bacon and English cheese are also firmer, as the shipments are very light. Geneva is also very '''moderately' shipped, and ho'ders are firm in the prices. Soda' crystals, none are advised, and of soap there Is-but 40 cwt, Beer in bulk is likely to be markets now are bare, ahaVthere is but 251 tasks 0f36 gallons each in the Canute; It must be bonm iu mind that this is the dull season of the year, and with ample stocks of every description'of goods to hand, but little improvement in prices or demand can be expected. The wool advices are moderately fair, but the account sales to hand.are not very satisfactory.

It i* to be hoped that the continually easing money, market in England will beneficially ■affect us,'and'cause a reduction in our high rates of discount and interest. In tlie absence of failures credit continues Bomiil-, but tlie late numerous failures have inip'iiiitwl a feeling of caution in the minds of. merchants. Disijoiints and exchanges remain as before. The following is an abstract of the quantity of land so'd iii tlie various districts at the W»Ste lands office, on Christchurch district, 34 acres -r'-l'lmartl, 48ftv Lincoln, 80 ; Man ieville, 2si; Lyttelton, 2tt'{■'■-Waipara,' 80;. total, 914 ; realising £1828..' ■■■-'■.-',