COMMERCIAL.

Otago Daily Times, Issue 277, 8 November 1862, Page 4

COMMERCIAL.

Daily Times Office, Friday Evening. A pood tnnr.y country orders Lave reached town and ti-is together with the encouraging news iron the mining districts, lias given some Uttle impetus t< trade, aiscl we Kay.report, a brisker trade than las week. '■•■'«, The arrival of the Aboukir from Glasgow is re ported, with a general cargo, and a fair number o the useful class of passengers generally coming b; the Clyde vessels.

We eaunot note any alteration in values since our] I last report. -.There hi no speculation at »U, and the articled m dtinand for general consumption are sup- \ pliod in^most inntancs by importers direct to the : retailuig' houses in quantities, to suit, and. at very : moderate profits. Any sales "forced at auction are \ still made at unremunc!alive rales-. The rates of t cartage still continue high, but there is a "detcimina- t tiou en the part of .'•torekeepeip only to send actual necessaries while the carters' extravagant demamJs coutiiiue, and as new teams are gradually getting on 'the road, competition must: con e/iiorce h-wer rates. Our money market inaii'.f;d;is a tolerable buoyancy, and the prospects of a steady production of the precious metal, as well astlu wool i-lip, soon due in this . market, should rend.-i; mure capital available lor mercantile purposes. Our banking institutions^ who are the monopolists of all monetary { transactions, continue, to i xhibit the same cauticm and determination toch.ck any undue speculation which has been manif s>: nnce the opening oi" me gold fields. They ha\o .vidently the fear of su<:h times as prevailed in Melbourne in 185i-5 being x-e----enacteil, although on a smaller scale, here, and our \ mercantile interests will have reason to be grateful * if the course of caution adopted provents the disastrous results of overtrading, which have been the painful experience of older'golden countries. Thft stop]>age of the firm of Henry P. Morse, late Morse J and Orhell, butcher.?, has been the cause of much C astonishment. • The liabilities are considerable —some 1 117,000. a considerable portion of which bears the name of Morse and Orbell, whose dissolution was perfected but-a few weeks a^o. The assets show a fair surpius ; and the suspension has been caused by the firm locking up their a. c -ets in leasehold properties, &c, and so disposjug o. the means of meeting their current liabilities. It i; hoped that by a careful liquidation all-creditors will be paid in full. There were no export entries for gold passed at the Custom Monse'to-day. The amount of revenue received from import futie3 at the port of i»unedin this day was L 639 lis2d. The following were the principal items:— ' Brandy, L 94 3s lid; wliMcy, L 99 18s: gin, LIOI s*lod; beer, 137 14; wine, Ll2 18; t>bacco, L 77 a 4s; coffee, £8 lls Od ; sugar, L 25 9^6; measixre- T mtnt goods, &c, LIHO 6s 2. i