COMMERCIAL.

Globe, Volume XXIII, Issue 2333, 24 September 1881, Page 2

COMMERCIAL.

Tho dullness which marked the business of the previous week still pervades the import market. Transactions have been confined almost wholly to sorting np parcels, save in one or two lines just coming into season, and in which some heavy sales have been made. The advices brought by tho mail are satisfactory as to the shipments made during the previous four weeks, which show an appreciable decrease as far as Canterbury is concerned. New York adroes report the Tongay as loading for this port, and the sailing of the Eyror. In the telegram from Auckland, sent on arrival of the mail steamer there, this vessel is stated to have 11,000 cases of kerosene for Lyttelton. Tho agents inform ns this is an error, the correct quantity being 1100. When the mail left Naw York the upward tendency of tobacco was just beginning to be felt, and telegrams lately to hand advise a further advance. Agents of some of the brands have been instructed to withdraw parcels for the present, unless a substantial advance is obtainable locally. Considerable speculative purchases have bean made within the last few days, and business has been only restricted by the paucity of stocks. The value of kerosene in the States keeps on about the same level, and tho shipments coming forward are not excessive. Stocks at the moment are not excessive, and prices, in consequence, keep up. However, in view of tho lateness of the season, some consignees of parcels to arrive, close at hand, have put them under offer at a price not disclosed. Yankee brooms are scarce and not easily got. American values, at latest dates, stated a brisk export demand and comparatively high prices. Teas continue very quiet, and few sales have transpired. Some large sales of castor oil have been made ex ship shortly expected and further business is nnder negotiation. Prices are not disclosed, but it is understood to bo on a basis of about 3a lOd. Last week has seen a large business in woolpacks, several invoice lines of all sizes having changed hands. Values are quoted at 3s Sd to 3s 4d, and small orders 3a 6d. The arrival of the Eangitiki is opportune, as the market is bare of several items. No. 8 wire is wanted, and full prices are obtainable. Sales of rennets have boon made, also of rennet extract, the price of which has been sensibly reduced this season. Spirits are without alteration, but the last few days of Bummer weather has brought about a better inquiry for clarets and cordials of all kinds.