C O M M E R C I A L

Otago Daily Times, Issue 227, 11 September 1862, Page 4

C O M MERC IA L

Daily Times Office, "Wednesday Evening. There were no export entries for gold passed at the Custom Ifouse yesterday. " The Oustoms HcVcnue collected in the Port of Dtuiedin on the 9th inst, amoumted to £415 Ss. Gd. The following were amon^t the itemfs—B3 gallons braudy, U7 7s ; 170 gals, whisky, L7ts 10». ; tZ gals. «*r.iidy, £83 os. 9 1. ; 27 gals, brandy, Ll2 35.; WSgals. wine,-LI4 145.; 49 gals, whisky, 1.21 I/a.; 63 gab. rum, LSI 3 7a. ; tiS gab. geneva", L3O 13s. 2d. : 2110 lbs. sugar, L 8 IS*. 4d.

After a long absence of news from Melbourne, the Gothenburg, reported this day, brings us intelligence to the 3rd ins.t., and the news is of some.importance' to our market. It seems that the news taken up of the discovery of the ■ Dunstan diggings ..'by Messrs. Hartley and Rtilley—the whereabouts, however, not having then been disposed—ha 1 caused much excitement in Melbourne, and there h little doubt that as koou as the City of Hobart had reached with the confirmatary news, that the Government had i'grced with the prospectors for a reward, add'that ihe locality, where the S7 pounds weight had been found, was disclosed, that- a large emigration towards Otago would he the consequence. iiesdes the large number of .passengers arrived by the Gothenburg, the-Bombay f oi» London has brought a t'o.idlerable audition to our numbers as wet! as a good aborted cariro ol'general merchandize. The news from Melh-,:iv/ie is likely to have a rather favorable effect than otherwise on our'market; . Tim flmi- market tiicrfc v;an firm at LU 15s to Lls—a price far too high to sh>.w Yttiy margin on the-rates ruling her*- recently The Lcj'iiiivar was loading af Adciaido with (Lurand sundries, but only bringing al.tout 50 tons for this place, and some i-10 tons for Auckland, in tobaivo- the market was deuidi-dlv firmer, and tiio piic;.-j were ftiUy equal to, and in .some care-- higher than those ruling hero. In American lumbar thvre was a decided firmness, and auvanw-u prio.-a wort- asiud. Sucjarcoiuiuued to arrive ireely, and ales were m-ido at lower rate*. A marked idteralbn has re'ecatly. been instituted in the Melbourne-market in. tlie method of teiliny teas. 'ihe sy-t'in lor ye;vr-> past" ha* been to »e!l at i?o much v eliei.t, or liaii' ciio^t, as the ca^e may be ; now n ft;u:d ha? leen luaOe by the importers, and :.eeeeile.'lto by the -trade, ihaf. tew should be sold «t so much per pound, a rule which is e.-tibiished in ihe London mavke% a:id r.tust bo fair to all parties, whilst, a iiiicr line is drawn betwixt values in so expensive ;•„ comm'-dity. Jt is a most a omalous a'tate of things in our market, t!;at whilst raw sujrar.s, v.'hk-h arc sold iv every ovlujr market that we know or,_ a. k. ko much per cws. or p..;.- uui, tlia much 'more valuable produce, lea,, is soil at per chest or half clieir. \Ve cosMiijond tin: coiiwileraiion of the subject to tiuKe iht re./ic !, ;« we v.v- convinced that an alteration ot a moit s iutary nature might be made, if we were m:uply to ioiiow t;ie example of our Australian iieigiibo«.