COMMERCIAL.

Otago Daily Times, Issue 188, 23 June 1862, Page 4

COMMERCIAL.

Daily Times Office, ' Saturday Evening.

Since the closing of the English mail per Aldinga, on Tuesday, trade has been exceedingly qniet: In fact, in the majority of articles usually occupying a prominent position in our market, there is absolutely nothing doing. The disposition amongst all classes of buyers is to purchase in the most limited quantities, and then simply for urgent wants; whilst merchants ai-e as unwilling to enter into large transactions, excepting with first-class marks, ahyays the shrewdest and most careful buyers. Hope still points to the spring for a revival in mercantile matters, arid we sincerely trust the.community will not be. disappointed of a large accession to their numbers from the Australian colonies, as well as a tair proportion of immigrants from Britain. Recent news from Melbourne and Sydney would seem to confirm the expectation of a considerable number of miners making Otago their destination as soon as milder weather arrives. In Melbourne and on the Victorian gold fields matters • were excessively dull, and oi those miners who had returned there from Otago, a great many have expressed their intention of coming back, and reports oftheirexperience here last season would doubtless bring others with themi, whilst,; on the Sydney side, there were'at the Lacblan diggings some 25 000 people/and a great number were unsuccessful in'their search for gold, the fields proving very ' news received this week from the Highlay din-eiiiCß near Wukouaiti, confirms the opinion that a "very material auxiliary to our producing power will be worked in the spring. An important item of the week has been the stoppage of the Building Act, which was about to become 1-iw a measure which would have very materially aftected the portion of the building trade here. Tobacco has advanced in value, and is now firm at the ineivased quotations, at which rates the trade are taking limited stocks, as there seems every probability that prices will be higher, and not kwerfor The news by the Lord Worsley from the. Northern ports, is not of any great mercantile significance.

DuDcdin Customs,

June 21st, 1802. The quantity of gold entered to-day amounted to 2oz ; upon which tlm duty levied was 03. The imports realized £325 14s. (3d.