COMMERCIAL INTELLIGENCE. Oamaru Times Office, Wednesday Evening.

North Otago Times, Volume IV, Issue 68, 8 June 1865, Page 2

COMMERCIAL INTELLIGENCE. Oamaru Times Office, Wednesday Evening.

Our commercial transactions remain at the same low ebb as before. The weather has been unusually stormy, and has necessarily still further checked business transactions. The prices of produce are :—Flour, Adelaide, L28; Chillian L25; Oamaru silk-dressed, L21, per ton; •wheat, 6s to 63 6d per bushel j oats, 2s lOd to 3s 6d per bushel; barley (malting), 5s nominal per do ; bran 2s per do ; potatoes, L4 to L5 per ton; hay, L5 per do; chaff, L7 per do. There is very little doing in the grain market, with the exception of some enquiry for oats for export, but holders aie not inclined to take the prices offered by buyers. Among the exports from this district, we have now to notice a new one, in the shape of sundry hhds. of porter and barrels of ale sent by the Geelong on her last voyage to the North. The experiment of brewing here has been a complete success. The water has been found highly suitable for the purpose, and this is probably to be accounted for by the fact that it filters through limestone. The land here is perfectly wellsuited for raisiDg barley, and we expect ero long to see malting begun on a large scale. Had the weather been more propitious, the sowing of wheat and English grasses would by this time have been in full activity. "We observe some gardening operations begun, but, for the same reason, little progress has yet been made.

DXJNEDIN. —No animation has been perceptible in the operations of the day; and but that a few orders are in course of execution for other ports, business would have been almost stagnant. News from Melbourne has slightly depressed the flour market. Its very vague character, however, will not allow much alteration from present rates. Tobaccos, on the other hand, may exhibit some improvement, speculative purchases having been made in Melbourne, at encouraging prices. The auction sales have been without interest.—Daily Times of yesterday. DTJNSTAN. —This last week business transactions have been somewbat limited both in number and extent. This may be accounted for through the excitement consequent upon the elections, and the market being forced by two large holders of grocery stocks, who are about leaving the district. Articles, the sale of which have not been pressed, maintain good prices and appear likely to do so throughout the winter, as from the bad state of the roada the price of cartage is not likely to recede. Fackhorscs are in demand, Mr D. Janes hai disposed of a few at good prices. Traffic on the WestTaieri road, with but few exceptions, is entirely suspended, the large accumulation of snow on the ranges making it impassable for vehicles. The return escort waggon coxild not be brought f urthei" than Taieri Hill in spite of the immense exertions made by Sub-Inipector Dalgleish and the trooper* in charge of the escort. —Dunstan Times. SOUTHLAND —Business during the week hap been extremelv dull, scarcely any transactions having occurred ■worthy of notice. Stocks are getting rather low, with the exception of flour, which maybe quoted at from L24 to L26 for best Adelaide. There is a slight demand for English ale, with but little in the market.' Mr Binney" held a sale of stock on the Woodford Farm, by order of \ the executrix of the late A. Hogue, Esq. The attendance was numerous, and prices realised very good. A fine lot of draught mare* went off at from L58 to L6Q. — j gonthland Times. I

L7TTELT0N.— Business in the import market has remained very dull. This may be partly accounted for by the disinclination evinced by dealers to lay in stock before the turn of the month, and by the extreme tightness of the money market. The news received by lost mail of the sale of a portion of our debentures, must, before long, cause an improvement to be felt in business here. Everything points in England to greater ease in the money market. For some years past trade has been pushed to an unusual extent with every corner of the globe, and now it seems threatened with a. collapse. Th© markets are everywhere overstocked, and capital must therefore remain idle, or find other fields fer employment. — Lyttelton Times.