COMMERCIAL

Otago Daily Times, Issue 4910, 12 November 1877, Page 2

COMMERCIAL

Dftily Times.'OfHce, Saturday orentnu. Tho amount of Customs Revenue received to-day oi g >i)'U Biitnred for consumption wan tv lollosvi: - £ *. it. £ "• dBrandy .. .■ 54 19 2 Tea .. .. 10 IS 0 Whisky .. .. 22 210 Sugar .. 82 S Wine .. .. 10 16 7 Sundries ..143 2 6 Tobacco .. .. 04 15 0 Tjlol £319 11 4

A degree of greater s.itisfaet'on pervades the market this week. Inquiry has been more general, while in certain leading lines tlit-re has been some considerable business done. In brandy, although Hume advices continue to point to an inevitable rise, the market remains unaffected In one of the most honest an-i moderate of reports—that furnißhed by Messrs M. Ciaik and Sons-it is said : - "According to advices f' om Cognac, if fine weather should set in between this and"the gathering, good quality will result, though the quantity urn he but moderate." Quotations rerrnn very much the same : Henne3sy's, in case, 3s 6d, in bulk, 93 to 9s 3d per ga lon ; A.V.C., 21b 6d and 7a 3d to 7s GI ; Otaru'3, 2Gi Gl and 8a 3d; Beviere, Gurdnit, and Co.. and Rouyer, Guillet, and Co., 27s ta 27s Cd, cisc, as Od to 8s 9d per gallnc, bulk. In whisky the same apathy continues—trade being limited to parcels of very limited extent, and required for immediate consumption. In mm some demand exists at present for station purposes, and Lemon Hart's is worth from 4s to 4s 3d, other brjnds in proportion. In Geneva, JDKZ is in fair demand at 12s 9d—a brisk demand being reported for small contents labeled | and capsulled at 13s, trade parcels, wine ia dull. I here ia apparently no In isle season for ports and shenies now. The course of the market, once very markedly improved from low to god medium, and some few liuher class descriptions, in these standard wines. But latterly it has exhibited a diff rent phase, and persistently dec ined in consumption, stocks as a consequence accumulating on Innd This can only be satisfactorily and permanently bettered by lessening, or for a time cosing, import itions. The summer demand for carets, and oihor light, descripti >ns, Ins set in, clarets selling freely just lit tbe present time. Imported a'e and porter remain exceeding!}7 quiet. In re, there was a littlo spurt last week, but not, enough to n ach into this ; and both are actually alnnst as if out of the market. Jn to v, buyers still wait the arrival of our mis-ing cargoes, in the Carl Ludwijr, and Diamont—tha former having been forced to seek Yokohama for repairs, and being » ow 135 days out; the latter 102 days. The May, at WVllinpton, reports hiving s ghted a vessel some days aro in Cook Strait, which she took to have been the Diamont. If it has we shall soon know, Meantime there is a continuation of the fair enqu'ry which has been maintained for last season's teA*, and at satisfactory prices, considering the period of tli^j year wo havo now reached. In sugar, there is a good demand fir the Dunedin cargo of the Marie, and one-h >lf of the smaller Christehu'c") portion of the same cargo, whieli Wi<s purchased by a house heic, has been also all sold, bu;, at rates which altlnugh full market d:d not reach what Mauritius advances would have justified. Prom advices iu&t to hand we learn, that the Geo, Noblo, with 300 tons, left Port Louis on Sth September; that the Qieen of the South, with 400 tons, was taken up, for tither Dutieriiu or Lyttelton ; and that besidos these other cargoes Wore" expected. Li provisions, thero is not much improvement to note. Cheese is becoming se^rci. nnd sells at Gd per lb this week, it was quoted CJd last we^k. Oys-ters are plentiful, and quoted at 4s fld ; sardines, halves at 8) 9d, quarters at 6s 3d. Lobsters aie slightly advancing, and in San Francisco have gone up very considerably ; salmon is likewise advancing. In dried fruits, there is every prospect of great scarcity and dearne-s. The damigo done to the currant croi> by heavy rains proves very Berious. It was ca'culated that soiiie £0,000 tons were destroyed and a very large portion of the cop damaged. The value, it is said, for fine conditioned fruit is likely to advance. New Pu'tana raisins are to hand, but the quality is indifferent, and it is doubtful if shipments of these presently received are fit for sending on a long voyage. Advices are no-v in Dunedin of some portions of the new season's b^ing on their WJ-i'' Prices remain meanwhile unprecedenteJly low. Caudler. continue dull. Price's are out of the market; DeHoubaix's are selling at 9Jd, Kerosene may be quoted (the usual market brands) at Is 8d in bond. Cornsacks are in defraud, and now worth 11s 3d. Woolpacks can be bought for 3s 6J, but are held by some parties for 3s 9J. Cement continues to rule high, although recent arrivals hive improved the quantity of stocks on hand. In timber, all kinds of colonial aro advancing in prico, and kauri in particular. Mills aro full of orders for the next two months. Red piU3 haß advanced with the rest, the supply having been withheld lately because the bush mill proprietors have found the returns unremunerative and discouraging ; but the whole tone of the market for colonial woods is at present lively and improved. Rice, Fatna, new crop, is firmly held for £21 in bond. Flour remains same as last week; tho millers' tariff being still £16 in 2001b sacks; £16 5s in 1001b bigs, £1G 10s in 501b bajjs. Grain of all kinds is declining in value. Wheat is held for les3 nominally than it was last week— say for from 6s to 7s, according to sample; but millers refuse to give more for good samples than from 6s to Cs 3d. Oats are held firmly at from 3s Id to 3s 3d for good milling, and from 2s 9d to 3s for feed. Barley is neglected. Pearl barley is selling at £20. Oatmeal is quoied at £17, bran at £4 ss, pollard at £7.

M'Landbess, Hepburn, and Co. report having held a sale in their room', Manse street, on Saturday, 10th November, of the unsold sections in the Township of Burkes. The sile drew together a very large audienro. After spirited competition, 78 sections were cleared off at prices rangirg from £10 to £47, realising on the whole £12S0, showing that the valuo of property in that locality is still on the increas". The few unsold unsold sections are in tho hands of Mr G. W. Elliot for sale.

Mr J. B. Bradsiiaw reports the following for week ending Saturday, 10th inst. :—

Sales.—Colonial Bank of New Zealand shares, £2 9a 6d ; National Bank of New Zealand shares, £3 103 ; National Insurance Co. shares, £1 12s Cd ; New Zealand Insurance Co. shares, £4 103 ; Standard Insurance Co. shares, £1 2s o'd ; Union Insurance_Co. shares, 12s Gd..

Buyers.—Colonial Bank of New Zealand shares, £29^'; National Bank of New Zealand shares, £3 10s ; Union Insurance Co. shares, 12s ; Standard Ineuranco Co. shares, £1 2s Gd ; New Zealand Insuranco Co. shares, £4 10s; Mo giel Woollen Factory Co. shares, £3 8j ; New Zealand foan and Mercantile Agency, £2 10s piid up, £5 7s 6d, £2 paid up, £4 Us

Sellers.—Colonial Bank of New Zealand shares, £2 10s; Bank New Zealand shires, at £22 10i; National Bank of New ZeuUnd share?, £3 lls ; National Inturanco Co. shares, £1 13s ; Union Insnrance Co. shares, 12s 6d; Standard Insurance Co. shires, £1 13s; Wew Zea'aml Shipping Co. shares, £3 15s; Union Steam Shipping Co. shares, £7; Cromwell Quartz Mining Co shares, £2 10s; Albion Brewing Co. shares, ss. Money.—Secured on freehold property, £7 and £8 per cent, per annum.

Mr J. A. Mackkxzik reports for week ended 10th November, as follows:—

Sale*. - Colonial Bank of New Zealand, £2 9s; National Insurance Company, £1 ;13» ; UnioD Insurance Company, l?s 9d ; Mosgi-1 Woollen Factory Company, £3 10a; Walton i ark Coal Coni| any, 13s Cd ; Keep-ib Dark Gokmining Company, Reeftin, £1 0s Cd and £1 Is.

Buyers.—National Bank of New Zealand (Limited), £3 10s; ColonUl Bank of New Zealand, £2 93 ; Standard Jn.sur.wice Company, £1 2s Cd; Mostfiel Woollen Factory Company, £3 10s ; Keep-it-Dark Goltlraining Company, Reefton, £1 Os cd.

Sellers.—National Bank of New Zealand (Limited), £3 lls; Colonial Bank cf New Zealand, £2 9.<; National Insurance Company, £1 13s ; South British Insurance Company, £3 15s; Union Insurance Company, 12s 9d; Mosgiel Woollon Factory Company, £3 103 ; New Zaaland Shipping Company, £3 15-i; Walton Park Coal Company. 13s.

Messrs Wmtelaw and Co. report sales of shares during tho past week as follows: —

Insurance.-—National, 33a Cd, cum div.; New Zealand, 95.1; South British, 755; Standard, 22s C!; Union, 12s 01. Banks. - Colonial, 49j Cd ; New Zealand, £22 53, ex div.; Notional, 71s; Union B.mk of Australasia, £00. Other Companies.—Albion Brewing, ia Cd; Greymouth Coal, 45a; Mo-gial Woollen Factory, 70s, cum div ; New Zealand Shipping, 765; Walton Park Coal, 13s Cd.

Buyers.— Insurances : National, 33s ; New Zealand, 059 ; Standard, 22s Cd ; South British, 75s ; Union Fire and Marine, 12s Cd. Bunks :—Colonial, 193 ; Now Zealand, £22 ; National, 703. Other Companies:—Albion Brewing, 4s Cd : Friendly Societies' Hall, 30s; Greymouth Coal, 42a Cd ; Xii angnta Railway and Coal, £0 15s ; Mcsgiei Woollen factory, 70s; Mount Ida Pastoral Association, £9; New Zealand B lipping, 75s ; New Zealand Loiin and Morcant le Agency, 105s old issue, 57s 0i new issue ; Otago and Southland Investment, 255; Walton Piirk Coal, 12s GA ', Welcome Gold Mining, Reiton, West Coast, 6Q3; Koep-lt-Dark Quartz Mining, Reefton, West Coast, 21s; Dunedin Waterworks Debentures, £100.

COMMERCIAL TELEGRAMS,

TiMAiur, November 10th,

Business has been dull during this week, owing to the Christehurch Rice 3. Grain quotation* are as follows : ._\vheat, 5s 6d to 0s ; oats, 2s Oa; barley, 2s (111 to 3s 9d ; potatoes, £35.

POST OFFICE NOTICE. MAILS CLOSR—

Tins Day (Monday), Novmiber 12tii. For Southland, per Star of the South, at 4.20 p.m. Tuesday, Is'ovk.miieb 13th. For Lyttoltop, ChrLtclmrch, Nelson, Westport Greymouth, Hokitika, .f.-ickson's Bay, Martin's Bay, aad Big Day, per Maori, at 11.35 a in. Thursday, Kovkmeer 15tii.

Per Kotortsa, as under :— For Northern Ports of New Zealand, Now South Wales, Fiji, Sandtvich Islands, America, West Indies, United Kingdom, and Continent of Europe, &c, via San Francisco, at 11.30 a.m. Late letters, bearing one additional single rate, may be posted until 11.45 a.m. For issue of money orders, and posting of registered letters and newspapers, at 10.30 a.m.

British and other .nails via Suez, will close at this office on the 21st inst.

NoTK.—In future mails for Kaihihu, Waiwers, Clinton, Waipahi, Mataura, Long Bush, Edendalc, Wyndliam, Gore, and InvcrcareW will close at this Oinco daily at C a.m., and. will arrive ihu'.y at 8 p.m. _ Mails for Tapanui, Pyramid, Switzers, Waikau, and For*rose will close every Holiday, Wednesday, and Friday, at 0 a.m., and will arrive every Tueeday, Thursday, and Saturday, at 8 p.m. Mails'for Taieri will eloio daily at 6 n.>. and will arrive daily at 11 a.m. (Signed) AIICH. BARK, Chief Postmaster. Chief rust Ollice, Dunedin, November H'th, 1877. i