COMMERCIAL.

Otago Witness, Issue 1242, 18 September 1875, Page 10

COMMERCIAL.

The New Zealand Loan and Mercantile Agency Circular of July 27th reports a lare;e decline in British exports, and a dullness of trade. At a meeting of shareholders of the New Zealand Trust and Loan Company on Jnly 26th, the directors' report was adopted. It showed a balance of undivided profits, on June 30th, of £6470, and recommended the payment of a dividend of 5s per share ; making, with a like payment in January last, a distribution of 2 per cent, for the year, £1470 to be carried forward. Wool reports trom the manufacturing districts state that an Hndiminished quantity is going into consumption. Regarding the prospect for the ensuing series, a possibility luu&t not be lost sight of that, to a certain extent, invariable influences may be extended by the recent commercial dhasttra, Although, directly, they have touched the wool trade only in one district in tho South of Scotland, and leading to the suspension there of neveral well-known manufacturing firms, besides involving considerable loss on many solvent houses. Inclement weather, and a consequent rise in the corn market, probably will xot be without its effect on woollen, as well as every other manufacturing tiade, unless before the commencement of the auctions, on the 17th prox., a succession of tine days shonld counteract, as in many district) it might, the evil effects of a heavy rainfall on growing crops. Ta'loiv luotAtbofl are somewhat lower. 2709 Crtabs sol I realUod 37u to 42s 0.1 for iiiuttnn, which shows eonio improvement, and 3-i3 3d to 4!s fur buef. Leather sulos ohow a further dtcli.-ie of a farthing. The predsrved nu-a'.u market is quiet, no improvement. Two pound tins show a fractional advance owing to a scarcity. Hcuid 1 Sales, £10 to £19 and £19 15s.

Hew Zealand securities, 4£ per cent., business, 05£ to 05J. Bank of Kew Zeal.iid, Jnminoaa done, 204, 21$ j National, 45a 81 Ci«y of Dunedin 0 per cent., 103 to 101; N«'W Zealand Loan and Mercantile A-Ji ucy Company, old, 44 5 Trust and Loan, 7 V to f^ » Otagj and Southland Investment, 4 10 i premium.