COMMERCIAL.

Hawke's Bay Times, Volume V, Issue 221, 1 February 1865, Page 2

COMMERCIAL.

‘j'After some three months, during ■which money has heen tight, we had just begun to note an improvement in business of a decided cnaracter, when a sudden and severe cheek has been given by the Banks (to use a commercialism) "putting on the screw,” and this, as it would seem, without apparent cause, at least as far as this port is concerned. We believe that as soon as this Curb is removed we shall be able to announce a revival of business. At Mr Janisch’s sale of School Trust and freehold properties, on Monday, the 30th inst., there were no buyers, and the lots were passed at the upset prices. AUCKLAND. We have had since our last report few arrivals to note, and little addition to our stocks. We have one general cargo and two of cattle from Australia; one of fruit from Tahiti; a small enrgo of tea and sugar from Honghong, and one general from London. Goods of all descriptions are about the same quotations, and the same may be said of breadstuffs. The late loss by lire of,rice and oats will probably cause those articles to advance, more especially the latter.

The principal transaction of the week is a very important sale by Jones and Co. of the Waveriey’s cargo of sugar, from the Mauritius. We believe the result to be exceedingly satisfactory, and we trust it may be, so as to induce the importers to continue the vessel in that trade. We append the report of the sale in full, premising that every sample appeared to be nerfeclly clean and in good merchantable order. The cargo was sold in bond delivery taken at the wharf, and at three and four month's date Sale of 3,755 bags sugar, ex Waverley, from the Mauritius’ by Jones and Co., 30th instant; snowdrop white old - fine counter, did; bright light crystals, 4Jd; fine counter 3 10-lOths and 4d; bright straw crystals, 4d; yellow 3 15-16ths. AUCKLAND STOCK AND SIIABE MAEKET. —ME. Hr E. staek’s EEPOKT. Although the week opened with a dull market, a gradual improvement has taken place. Inmost instances buyers have had to give an advance on former rates. The extremely successful report of the Bank of Auckland caused an immediate rise of shares to £1 prem., at which figure busines has been done. The New Zealand Insurance Company baxo again publish! d a very satisfactory report, giving another bonus of £3 per share. This company also declared a dividend at the rate of 10 per cent. SYDNEY. (From the Herald, January 14) The Vimeira arrived to-day from London with a cargo of general merchandise. There has been more activity in tho sharo market this week, and prices of most of our securities are inclined to rule higher. Bank sliares continue in favor. Bank of New South Wales shares are unaltered. Commercial Bank shares are very firm, and have advanced IPs per share. Australian Joint-Stock Bank shares are inquired for at an improvement on last sale. City Bank shares are unaltered, and no sale has been reported since their half-yearly meeting. Australasian Steam Navigation shares are firm at quotations. In Illawarra Steam Navigation shares sales have been made at a variation of Is 6d per share. Insurance shares are in fair request: Sydney Insurance shares are firmer and have improved 5s per sharo; United Insurance shares are firm at quotations; Pacific Fire and Marine Insurance shares are inquired for, but no sales have been made this week. They have declared a dividend or the half-year out of the profits at the rate of 30 per cent, per annum, and the reserve fund has been increased by the sum of £2BOO, and now amounts to £30,000. The following are tho rates’ at which sales have been made during the week:—Bank of New South Wales £4) pier share, new shares £39 13s 4d per share; Commercial Bank £SO 10s and £sl per share, new' shares £SO per share; Australian Joint-Stock Bank £l4 per share; City Bank £lO 17s Cd and £ll per share cum. div. Australasian Steam Navigation Company, £2O per share; Illawarra Steam Navigation Company, £3 13s 6d £3 15s per share; Sydney Insurance Company, £3 2s 6d and £3 os per share; United Fire and Marino Insurance Company, 30s per share. DtKE.NTCKKs.—Government debentures are dull of sale. A small sale of tenuinables due in 1892 lias been made at 96 and interest. Australasian Steam Navigation debentures have changed hands at 100| and interest. Business during the week has been quiet, and there is not much movement to report in tho prices of articles of daily consumption. Flour is firmer, and owing to the small stocks of Adelaide in Sydney, holders are now quoting first brands at £23 to £2l per ton, and sales have been made at the latter rate. Wheat is also firmer, and. Adelaide is worth 9s 6d. Bum and geneva are unaltered. Te:is are not so firm, in consequence of late arrivals, and other cargoes being expected. At auction, the principal portion of the cargo of the Bttrick was sold at £6 to £7 15s per chest. Low congous have declined from los to 20s per chest, and medium teas from 5s to IPs per chest. Sugars; Bark ration sugars are firmer, and tho late advance has been maintained. Fine counters and crystals rule about the same as last week. Eice is dull of sale, and quoted at £lB IPs to £2O per ton, according to quahty. Candles are a little firmer, but prices are report.