AGRICULTURAL, COMMERCIAL, AND MARITIME REPORT.
From the 15th to the 31st January. The Commercial, like the general world, is subject to periodical and violent convulsions. Panics suddenly arise—money gets scarce and in extraordinary demand—mercantile men and firms,—accounted the most wealthy and secure.—become embarrassed and pressed—t4>ey are unable to meet their engagements, and failure ensues; and. as the fall or one stone in any building is certain to pull down others along with it, so does the bankruptcy of one great bouse cause tufa and dismay to numberless others until, not unfrequently not only, indviduals but whole communities are made to reel wider the severity of the stroke. Such a panic was raging throughout Europe and America during the months of October and November with an. intensity of suffering probably never before experiencedBanks of stability. Mercantile- firm, whose heads were wont to be regarded as the Princes of Commerce, have been overwhelmed by (be severity of Umj pressure. The evil is alleged to have arisen in America, whence it acted upon England in the most, alarming manner, and spread front thence throughout the several commercial nations of Europe. At the dale of the departure of the last English Mail—l6ib November—matters were supposed to have reached their worn. The alarm, it was said, had attained its height. The measures adopted by the Queen's Ministers were considered likely to relieve the prevailing pressure and gradual I v to restore confidence; but, in the meantime, tremendous losses had been sustained—the manufactories had either tease J or greatly contracted their operations—and although Providence bad blessed the nations with harvests of almost unexampled abundance, much privation and distress was certain to be fell by the numerous poor labourers aui artisans so abruptly thrown out of employment. We have for many months past in these 'colonies been complaining of the duluess and depression of our Con.m>rcial affairs. We rear some lime must elapse before we can experience any sensible i.nprove ue.it. In Melbourne and Sydney, business is almost at a stand still—failures to a considerab e extent and for large amounts have occurred, and even the most acute can discover little or no prospect of any immediate beneficial change. In the convulsed state of affairs in
Europe and America, wool has fallen fully 3d. per lb.— and the latest advices represent the kauri gam of ibis country as being, for the moment, next to unsaleable even at a great decline in price* time, however, and commerce, like all other worldly matters, will readjust itself and return to Us natural level. And, if this axiom hold true with respect to an old coanlry.il is certain to ex-' ercise a much more striking influence in a young one whoss means and resources are only in their infancy of development. Flour and grain still mainfift the same quotations in the Australian markets? but actual prices are only determined by ihe iraiits of the buyers and sellers* • The arrivals since our last have been the schooner Sybil, 108 tons, Captain, T. G. Kelly, from Sydney, with goods, and 9 passengers : —schooner Acadian, 42 tons, Capt. Bobbins, from Wellington, with sundries, 1 officer, 5 soldiers, 65th regiment, and 2 passengers:—schooner Kate Kearny, 83 tons, Captain Dixon, from Wellington, with sundries, and 7 passengers:— brigantine Spray, 106 tons, Capt. Anderson, from Port Napier, (Ahuriri) with 300 sheep, 6 bundles sheep skins, and 2 passengers:— barque Tamar, -336 tons, Captain lioss, from London, with a general cargo of merchandize, and 98 passengers:—brig Gertrude, (2) 217 tons, Capt. Grange, from Sydney, with 684 sheep, sundry goods, and 8 passengers:—and schooner Nebuchadnezzar, 20 tons, Captain Pompey, from Collingwood, (Nelson) with 11$ tons Hour, and 20 passengers. The departures during the fortnight, have been the brig Moa, 256 tons, Capt. Bowden, for Sydney, with 97 tons kauri "gum, 8309 lbs. wool, 13 cwt. wool lashing, 4 cwt. onions, 100 ounces New Zealand gold, 744 bushels bran, sundry merchandize, and 21 passengers;— schoonjgMUlen, 40 tons, Capt. Ellis, for Port NapiraJKfciriri) with 2 tons flour, 10 tags palings, 16,000 shingles, a full carig&§i|>erchandize, and 6 passengers : —barqueVMousam, 198 tons, Captain Hobart Town, via Wangaroa, with feet kauri timber: schooner Sybil, 108 tons, Captain T. G. Kel|y, for Sydney, with 32 tons kauri gum, 23,000 feet sawn timber, 8 cwt. onions, and 4 passengers:—schooner Emerald Isle, 32 tons, Captain Oakes, for New Plymouth, with merchandize, and 1 passenger:— barque Eastfield, Captain Copland, for Port Napier, (Abuciri) with 3 officers and 100 non-com-mhsioned officers and soldiers of the 63th
regiment, with military equipments and stores; : There arrived, coastwise, 26 vassels of 850 tuns, with 63 passengers, 2410 bushels wheat, sl2 bushels maize, 140 bushels apples, 49 cwu onions, 30 bushels bran, 4 bag flour, 5 bag* biscuit, 5 cwt. salt pork, 52 cwt. hams aud bacon, 4 cwt. lard, 44 head cattle, 2 horses, 42 cwt. flax, 76 tons kauri gum, 120 totara piles, 300 palings 2 packages wool, 20 tons copper ore, 24 tuns sperm oil, and 180 tons firewood. There were 48 departures, coastwise, of 509 tons, with 26 passengers, and the usual cargoes. The following are the Market Prices Current, according to the latest quotations. Bread Stuffs. Flour, fine, . . . . . 461. per ton. Flour, second quality, . . 44/. per ton. Flourof native manufacture from 4 Of. to 42 Biscuit at from . . 20s. to 255. per cww Bread per loaf of 21bs. . . sd. Bran ..... . 4s. Od. per bl. Beer and Mutton from . 3d. to 6d. per lb. Pork (fresh and salt) . . sd. to 6d.ditto Farm Produce. Wheat . . ... . ss. per bushel Maize. .• . . os. 6d. to 7s. per bushel Oits •;■'•:• • • ; • Ts. per bushel Potatoes . . 6Z. 40s. to 7/. 10s. per ton OnioßS . . . . 3d. per lb. Hay (pletiiful) . . SJ. per lor,. Kauri Gum , . .no quotation Lite Stock. Sheep from . . Its. to 255. a head. Dairy Cows . . 81. to 42/. each. Calves from . . 28s. to 40s. each. .Groceries. T 6 * • • • • 9/. to 91, 40s. per chest Sugar . . . . 7d. to Bd. per lb. Coffee . . . * 40d. per lb. Rice . ... 2<£ to 2£ per lb. Soap • . . . Sss. per cwt. Candles . ... . 40d. per lb. Tobacco . . . . 2s. 6d. to 3s. per lb. Dairy Produce, Batter . .... 4s. lb. .'."■ • • * • •; '•'.:•: 4s. perdozv ..-•.* • •• &|. 6d. per couple v
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Maori Messenger : Te Karere Maori, Volume V, Issue 2, 31 January 1858, Page 6
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1,023AGRICULTURAL, COMMERCIAL, AND MARITIME REPORT. Maori Messenger : Te Karere Maori, Volume V, Issue 2, 31 January 1858, Page 6
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