COMMERCIAL.

Otago Daily Times, Issue 162, 23 May 1862, Page 4

COMMERCIAL.

c Dunedin Customs, ; Hay 22m1. The imports realised £352 13s 6d. y ' r , 1 F. W. COSENS' MONTHLY CIRCULAR. IG, Water Lane, Tower-stroer, London, Mareli 19, 1802, Via Suez. E. C. , Sir, —Since the departure of the February m nil the J. only noticeable feature in our wine and spirit market f 1 lias been a decline of about Id per gallon in the price r of rum. Brandy remains in fair demand, at last . v month's quotations. The importation of wine for the [] month.of January totalled 637,132 gallons, and the r quantity taken tor home use and export 864,935 ■ a gallons. I The home consumption of wine in the United j Kingdom for the year 1861 gave an average of 899,C00 gallons per month, while Ihe clearances for j the month of January, 1802, total 791,939 jjsillons— c tlie average of previous years was about 600,000 gallons per month —the permanent increase in the eona sumption may, therefore, be estimated at about 30 percent. So far, the reduction of the duty proves satisfactory, and the home demand would no doubt bo > larger if the great manufacturing industry of the t • Northern counties was notoufferingso severely in mesi • branches of its particular commerce. Of the" 732,000 gallons cleared in January, 42,253 paid the lowest s rate of duty—one shilling per gallon. .Reports have been current of some probable alter--3 ation of the Wine duty, but ■while the principle re- . mains that the amount of spirit shall regulate the rate 1 of duty, minor modifications may be made, but no ( , material change can be effected without destroying . tho equilibrium now existing between the wine aud . ; spirit duties. ' t 1 Wines. —Sherry.—The exports from Cadiz during o b 1861, averaged 4,200 butts per month, the.shipments i t for the two first months of the yaar 1862, 3,118 per I , mon<h—a falling off of 80 per cent. This reduced «j export tends to keep prices moderate, but any return p to lower quotations can only be effected by numerous nnd abundantvintages, or a reduced demand for coni sumption in England. Inconsequence of some of the _ ' Mostos of the last vintage having developed unfavorably, young wines of good and thoroughly sound dest criptions have realised an advance of £2 per butt. f No shipments are advised from Cadiz to any Austra- *- ! lian port. Port. —From Oporto the accounts present ' no novelty. Prices remain unaltered, with a fair 1 , demand for.medium and good wines. The trade in J p really choice descriptions, with age, must remain v limited for many years. The stock of old wine be- P comes less each year, and the price of necessity o '. higher. Fortunately the Australian demand ! seems to be met with young descriptions, C the supply of which is more or less replenished by each succeeding vintage.—French: Masdeu and C Roussillon. — These full-bodied Wines gradually work : into consumption, probably in consequenee^of their . moderate price, partly also from their own merits as ; wines, and partly in consequence of port being dear, a • The vintage in the claret districts was uneven,—the » ' higher grounds, which escaped the severe spring te frosts, yielded a good produce; the lower a small crop of medium wine. Burgundy.—The vintage of 1861 was very favorable, and fine wine was the resultprices remain high, but not higher that the fine _ quality justifies. . Spirits.—Brandy: This market remains without alteration ; the home demand is extremely good, imd old Brandies continue saleablp at full prices. The O home consumption is as follows:—January, 1862, 142,999 gallons ; Jan. 18b"l, 133,101 gals. ; Jan. 1860, 1 90,(370. The export for the three periods 17,220 gals. J 20,750 gallons, aud 29,252 gallons respectively. The tl; direct shipments from' Cognac to Melbourne and al Sydney will, of course, account for a portion of the of decrease in our export from London. The leading Cognac houses still maintain their quotations, and it is not probable any very great movement, either in

me direction or the oilier, will be liia'.e until the •eMilt of the coining vintage can be fairly estimated. Hum.—The price of Oeinerara has receded a'out Id. jer gallon, and at the reduction'a fair amount ofbusiicsa' is reported 'ihe quantity consumed and exwited wns—For the monih of January 1862, -:f>3,807 gallons ; January ltUil, 74,li2gallous ; January 1SU0, )2,2t>0 gallons. For other spirits see quotations. Prices Current, Mahcii M, 1802.—All the Quotations are tree on board export ship iu London, vnd for wholesale quantities. W inep.—Sherry per butt of 108 gallons, (young .vines,) first brands, L32 to L3S ; ordinary, do. L12 ; medium-, do. L47; fine old. do. L52 to L57 ; very 3hoice and old, do.,L0'2, L80to L100; aniontiila;lo. do., L60 to L100. Port, per pipe of 115 gallons, (first wands,) No. 1, ordinary t Lib"; No. 2. medium, L52 ; No. 3, fine, I.t>0 ; No. 4, superior, L(w; extra quality, L70 to LSO. (Jliranjjagiie :■ common sound wine, ]unrts, per dozen, 20s; good No. 1 do, 3Us, j/ints 19s (xl; superior No. i-i do, 40s, pints21s Gd ; line, No. 3 do, 46.1, pints 24b fid. Claret—(common) quarts, 15s to 20s ; pints, Us Oi ; good, quarts 25s, pints L4s ; fine, quarts 30s to 50s, pints l(5s (id. Marsala, per 92 gallons—Ingiiain's or Flo'rio's. £25. Moselle —26's to 4Ss per dozen. Hook, 20s to 80s per dozen. Sparkling Burgundy, 2Ss per dozen. Tcneriffe, per 100 gallons—London Particular, £42 to £45 ; second juality, £—. Masdeu and Koussillon, per pii)e, fine, t!34 ; inferior, £20. Spanish red,"per pipe, superior, £20 to L26"; common, L12 to L15. Cape, per pipe sf 92 gallons—Bed, L12 to L15; white, L10 to L12. Spirits.—Brandy (in hhds., 1800) per gallon, Martell's, 10s 2d; Hennessey's, 10a 2d; U. V. P. Company's, 9s lOd ; do. eases, 26"s 6d ; Otard, 9s lid; Anijlo-Australian Company, cases, 25s; Champagne, V. Prs., 9s 8.1; do. cases, 25s ; Clouzeau, No. G, per dozen case, 23s. Rum (in hhds.), per gallon—Dcuie-i-ara, 12 to 14 p.p., 2s 5d ; do. 32 to 34 o.p., 2s lid ; Fine double diamond, 32 o.p., 3s Id; selected do, 12 o.p., 2s 7d; Jamaica, fine, 32 to 38 o.p., 4s 8d to us 8d. Geneva- (Key brand) For 503 cases and upwards. Itcd cases, large, 9s 8d; do, small, 9s 2d; green do, 5s lOd. Hoored, 2d extra. JDKXZ under Anchor Brand—Itcd cases, large, 9s 8d; do, small, 0i 2dj green do, 53 10(1. Hooped, 2d extra. VH & Co. over Anchor Brand—Red cases, 9s 8d; urccn do, 5s 10J. Hooped, 2(1 extra. London GinPigeon's, Booth's, or Swaino Boord's, per dozen ease, 10s 8d to lls. Lownde's Old Toin—11s per dozen in white bottles. ■ LATEST. DATES- -; England Mar. 2(5 By telegraph April 2 Ameiuca— New York.. Feb. 8 San Francisco • • Jan. 15 Capeof Good Hope Mar. 1 Mauritius Feb. 24 Ceylon (Colombo) .. .■ Mar. 20 China (Hong Kong) Mar. 1 Shaiig-lmi Feb. 27 Madras Fob. 18 Bombay Feb. 13 Calcutta Mar. 21 Singapore Mar. 8 Austraman Colonies— Melbourne May 12 Sydney April 2G Queensland April 20 Adelaide April 25 Launccstou April 28 Hobart Town April 29 Pftth Mar. 19 New Zualaxd— Marlborongh May 9 Auckland May 9 Wellington May 15 Hawke's Hay April 29 Tnranaki May 10 Nelson May 12 Canterbury May 15 Wangamri May 1 Invercnraill May 10