COMMERCIAL.

New Zealand Times, Volume XXXII, Issue 5123, 24 August 1877, Page 4

COMMERCIAL.

We report a fair average amount of business done during the past month: but owing to the..large stocks in importers’bands and increased competition In all branches of trade ; we can, note no improvement in prices. Trade may be considered healthy, if not'o'ver profitable; and cnrrfent bills are regularly met. The greatly enhanced yoXue of all building sites, and the large and handsome; buildings, now in course vl erection, mast aiford sufficient evidence that thls city is progressing to an extent that the motft sanguine could ‘ itanhy have anticipatedrwithin so short a? period:; and owners of Dnd must have been agreeably surprised,at. tlie results of some recent sales, where acres that a few years back would have been pirted with for £SO or £OO now realfse twrtlmes that amount. Among other evidences of progress we may note that since the Ist of the month no less than six ships have arrived from Newcastle with over 8300'tons coal/ The arrival of the East Lothian from Singapore, laden with Eastern produce, is another event, of the, month; she is the first of a lino of regular traders due to tEe.enterprise of Messrs. W. and G. Turnbull, who have already done so much to advance the Interests of this port commercially as a distributing-port for, ; the rest of the coh-ny. ■ , ; ■ i Our arrivals during the,month hare been.the Endy*. ml on, 750 tons, August 6; , Glenlyon, 605 tons, August 8, both from London; Taranaki, 1120 tons, August 20, from Glasgow, via Lyttelton; Young

Dick, August 15,' from Melbourne;' and the East Lothian, ..349..t0n5,. August 20, from Singapore, with cargoes,; together .with our usual,large complement of steamers 1 from Australia. The Broomhall and Ocean Chief sailed for Newcastle (N.& W,)/ bn August 2; the City; of; ‘Madras for Astoria, and the; Rotnna Dunlop for Batavia, on August 11: the latter vessel being unfortunately wrecked in Cook Strait on August 14. VVe have'also to notice the loss of the Queen Bee/on August 7, on the sandspit off Cape FareweU; happily the passengers were saved in the boats, ine, wreck was sold at Nelson for £7OO. , ' The vessels expected are the Orari.,loll tons, sauea June 3 ; Zealandia, 1115 tons, sailed'June 4;. ot.Leonards, 1058 tons; Schiehallion,.6o2 tons; and Wairpa, 1115 tons, loading in London. The Elsinore, Silas Fish, and Herbert Black, from New York, and the May from Foochow. , ,' . The San Francisco mail was delivered here on August 14 ; the Suez mail on August 22, . Rates of freight to London.—Grease wool, lb.; washed do. Sd per lb.; tallow, m cases, 60s; in casks, 70s; and hides, 65s per ton. ’ . ■ Bank Rates—Exchange remains unaltered; fprbiusm London,on demand, 2\ percent/premlum; at 30 days, if percent, do; at 60 days, H per cent, do; at 00 days, J per cent, do. The banks'buying rates.are-For bills 90 days, J discount; 00 days, i discount; at 30 days and on demand, par. Discount on local bills, under 95 days. 7 per cent.; under 125 days, 8 per cent.; over 125 days, 9 per cent. . Interest is allowed on deposits lodged for 3 months, 4J per cent. ; ; for b months. 5 per cent.; fot 12 months. 5.V per cent. Mr. G. Thomas sold a quantity of goods in bond on the 14th instant, being iho balance of stock in James O’Shea’s estate,'‘’.'at'’ the; following rates ; —Yglesia sherry, in quarters,-at 4s 6>l to 5s 6d per gallon ; Spanish red wine, 3s per gallon; Australian wmo, 4s net gallon ; 23 cases sparkling moselle, at 30s; 20 do Wachter’s champagne,, 02s Od per dozen ; 168 cases Hennessy’s brandy, 31s; 30 cases 3 star do, 41s ,)7 qr-casks do, 9s 2d per gallon; 89 oases Denis Mounie’s brandy, 28s: flenoke’s stone, gin, 12s; 5 hf-cbests tea. Is 10d per lb ; 6 do, Is ; 50 boxes do. Is ;"4 hhds Younger’s ale, £5 15s per hhd , 5 tons’ light brewers’, crystals,' £32 10s per ton: .Mr,.ft. J. Duncan on the 14th .sold 10 cases, hams and bacon at 7dto9dperlb. • ■■ 1 , At Mr. N. J. Isaacs’ extensive sale, by auction On August 22 there was a large attendance of the trade, and the following prices were realised:—6o cases Ten. nent’s ale, qts.lOs; pts,7s per dozen; lO do Younger s ale, 9s; 10 do Byass' stout,. 10s to 10s 3d,: TO do Alsopp’s ale, 10s 3d ; 60 do Jeffrey's ale, 6s 3d to 6s 9d: Artol’s ale, 8s per dozen ; Oamaruflour; in sacks,. £lB per ton : Adelaide do, £23 : 80 sacks pats.Ss 10d.: 20 cases cheese, 6i<l per lb; 6 tons Duncank oatmeal, £2oss; Canterbury potatoes, 70s to 75s per ton 170 sacks barley, 3s’4d per'bushel: 2 tons pearl barley, £22: 1 case laundry blue, 6d; •50 boxes eleme raisins, 6id: 40 cases. currants, 4Jd to 41d per lb : 5 cases maizena, 6d per lb ; 60 do Peak’s jam, 6s 3d per dozen ; 20 do tart fruits, 9s ; 10 qr-casks vinegar, 2s 3d per i gallon ; i octaves do.Osljd; 10 tons line salt, 120 s: 40 cases Knight’s jams, Vs .ed. per dozen ; 12 kegs dried apples, 7d per lb : 4 cases Poison s cornflour, 7Jd : 5 dir tartaric acid, in jars, 2s 2d; 6do ■ Morton’s assorted - sauces, 6s and 6s 3d: 7 Wotherspooii’s confectionery, lO.jd to. lid. per lb ; 5 do Crosse and Blackwell’s pickles, qts, atXSs : 5 do red herrings, at 24s per, dozen; 5 do, .kippered herrings, 13s 6d; 2 do Van Houten s cocoa, .4s per -lb; sdo ,do! Epps’ do Is 5d perlb: 6do salad ’0i1... pts,,ills 6d; .;hf-pta, Ss; 40 boxes sultanas, 6id; 10, kegs carbonate soda, 20s perewt; 600 boxes Price’s sperm' candles at lid and lljd : 300 boxes De Koubalx’ do, TOJd and 10Jd ; 700 cases kerosene, 2s IJd to 2s 2d; 60 cases salmon at 9s. per dozen; 30 cases .Brown and .Poison!*, .cornflour, 7±<l; 16 cases Morton s vinegar, 8s 3d ; 50 do oysters, 5s sd; 45 do lobsters, 8s 3d ; 20 do hf sardines; 8s 6d ; 20 qr do :sa: 15 kegs bulk salmon, 4kl per lb; 40 boxes tea,, 25si : 20 qr-chqsts Jerfalqpn, 2s 4d to 2s sd: 60,1if-ohcsts do 2s 2d : 30 hf-chests, ex Killaraey: 2o boxes, Is lod to 2s per lb; ’6 tons Sydney Company’s No. 2 W sugar at £4B: 2 do Melbourne'Company’s do, £47 7s: 6d ;T0 tons Syijney .Company’s IC; £46,105; 3 tons crashed loaf,' at £sl per ■ ton ; 50 cases Townsend’s sarsaparilla. 31s 6d ; 60 cases claret Medbc 28s, St. Julien, 32s 6d ; 6 qr-casks Bernard’s ginger wine, alls 3d;-40 cases Louis Eenouf champagne, quarts, 31s 6d, pints, 325; Imperial do, SSs to 35s per dozen, etc. Goods lu bbnd- 5 cases Black Swan tobacco, Is 7jd and Is 7d perlb : 10 qr-tlerces do, Is oases Enchanter (tens), la 3id: 5 boxes Venus do.’ Is sd; 100., cases Hennessy’s brandy, 32s 6d u.OOllo 3-star, 41s; 15; browndo, 32s Od; 109 cases Eisqult Dubouche do, 22s 6d ; ,100 do pint flasks do, 295; 100 do hf-pint do, 31s 6d; 10 qr-casks Hennessy’s do; 1875;"95'6d to 10s per ga(lon: ’ 50;,qr casks Bisquit.Dubouche do, ,7s 3d to 7s 6(1; 25 cases Dunville’s whisky, 17s, 6d: 108 do Lqrne do, 18s 6d and 19s; 100 do Burriett!s old tom, 13s 9d; 10 qr-casks Lemon Hartimm ,10 per cent, 0.p., and 10 Lownde’s do, 3s 3d per gaUon. ' ; , •Ale and,porter (duty paid, bulk, Is per gallon; bottled, Is Sd per gallon) —The market Is overstocked with bottled ales and stouts to an extent that renders sales difficult as well as unprofitable to the importer; Quotations for best brainds for trade parcels are not, higher than 10s 3s to 10s 6d, while other brands,are . neglected. Bulk ale is,coining more into demand: and Allsopp’s' Is quoted at £9lss; Younger’s, £0 10s; and a new brand in this market, Richardson, Earp, and Co.; £9 per hhd:, ! ■ ■ , i Bags and woolpacks (duty. 10 per cent).—Cotnsacks are quoted at 9s 9d to 10s per doz, but there Is little demind:~'As the season', for Their use approaches; woolpacks are coming ■’into' notice, and sales Are. re- • ported at 3s 6d to 3s 9d for 81b packs, and 4s 3d for 101 b packs; stocks In importers’ hands light, i i Candles (duty. Id per lb).—Stocks of sperm candles are moderate; arid sales, to arrive per Orari arid Zea--landla; have been made'at IOJd per lb;- A shipment of 1800 boxes ex Young'Dick has been cleared at this figure. Quotations for Price’s Belmonts, 10£d to 10|d; foreign make,Toidto‘lo{d. Sales by, auction at these -Cement .'{dntyj".l*-per barrel).—Heavy stocks on hand, quotations ranging, from. 17s 6d to, 19s, according to parcel and,brand. ,We report sales at 17s 3d, free on board, for shipment to a Southern pprt,' ;i , , Coffee (duty, ‘3d per lb).—Moderate trade demand for plaritatlbn ails 3d per. Ibi in bond. , | Confectionery (duty, , 2d per goods under this head meet with little enquiry, owing to the local;manufacture. Kelllet’Simake. is dull at 10dtolOJd.,',, ' Flour (duty, 20s per ten).— Stocks of Adelaide flour are large, and rprfoes .show . a-downward tendency, holders quoting £22 to, £23 peg, ton for 'sacks of best brands. The YOurig,pick broughtTOO tops Adelaide and 50 tons Victorian made;flour. ■ ■ ' < , , i Fruits (duty, Id per lb.)—Dried fruits of all descriptions are heavily stocked, arid sales by auction of new frit have been inade at 4Jd to 4idper lb, Eleme raisins are in fair, enquiry at 6d to fijd per lb; sultanas, full stocks) at 6{d, to 7d per lb ; muscatels—if fine, fruit—ls to Is 2d', per.lb : dried apples, 60 per lb. There isja fair amount of business doing in dric(j fruits at this season’ blit dwlnig to forced sales by auction prices are kept down toA; .minimum of,profit to the importer. , ' i ■ ' Hops (duty. Id per lb.)—No English hops, Inlstock. The brewers are, now principally supplied. with New Zealand grown front Marlborough and Nelson provinces. ■ , j , Malt (duty. Is 6d),—No English malt In stock. Wo .quote lOs 6d to Hi as probable val He., \ , i Metals (duty, 10 per cent.)—Large quantities ; of galvanised iron have been received lately, rendering the market weaker, in spite of the increased demand arising from the nu mber of new buildings In course of erection. AVe quote ,24 guage Gospel Oak brand and More wood’s at £3O ; Braby’s Sun brand, £29 to £3l; fencing rifire Is overstocked at £lB to £lB ' per tori. ’ ’ Oils (duty, 6d ,per gallon)- Kerosene lias been in fair deniand during the month, but prices have not been sustained, sales by. auction having been made at 2s IJd and 2s 2d per gallon for Devoe’s and Diamond brands, and recent sales privately at a similar figure) The following. cargoes, are advised:—Elsinore; 1500 cases ; Silas Fish, 2000 cases ; Herbert Black, ,1200 cases; these vessels being about due from New York. Paint oils meet with improved demand at 4s 4d for raw and 4s 6d to 4s 7d per gallon for boiled linseed In drums : castor,oil dull, at 5s ,3d to 5s 6d; colza, ss. 3d to 5s Gd; American tupentine, 3s 9d per gallon. ~ Oilmen’s stores (duty, 10 per cent.)—Usual trade; excessive stocks. A) total absence of speculative purchases. ' '

Salt (free) —Fine salt continues low in stock, and is iworth 120 s per ton ; coarse do, 10ps per ton. ' Spirits (duty, 12s - per gallon)—Stocks in • bond are excessive ; and., although the consumption may be large, sales cannot be effected except for ordinary requirements ,of the, retail trade. .Brandies are quoted at 0s 3d to 0s 6d per gallon for Hennessy’s and MartelTs quarters ; case do, 31s 6d j other brands are dull, and sell principally at auction.. 'Rum, overstocked, at 3s 3d to 3s Od per gallon for, 10 per cent. o.p. .Whisky, Dunvlllc'»,’ss Cd to 5s 8d per gallon, and 17s 6d to 18s 6d per dozen Lome whisky, IBs 6d to 10s ; geneva, 14s 6d to 17s Gcl per case ; Burnett’s old tom, 13s per dozen. . t :/ , . Sugar (duty, Id per lb.)—Prices of sugar have been reduced by the Sydney ami Melbourne Sugar-Com-pany SOs. per ton,, but quotations hare not suffered; to that extent here, N0.. .2 W having realised £4B ;■ IC, £4O 10s, In, lots of seven and ten tons each, at Thursday’s auction sale. We quote No, 2W. £4B; IC, £46 10s ; 0, £44 ; and Y, £4l per top. • Moderate stocks. The East Lothian brought 2000: bogs from Singapore for this market. Crushed loaf .(English) dull, at £sl to £52 per ton. ... J , .Tea (duty, Od per lb.)—The usual trade | been doing In teas. Dealers are, however,, holding back for the new season's, supply by, the May, which left Foochow on JulyMl, with, 11,000 packages of new season's teas for this port,; • t ' . Tobacco (duty,, 2s 6d P er business doing In the best brands of .tobacco. . Black Swan, Is 7d to Is 7id ; Menus Tens, Is 5d to Is Cd per lb, in bond. < Cigars (duty, 5s per lb)—Usual trade doing,in cigars at fair values. , i 1 - ; -

, , COLONIAL PRODUCE. . : | .v . Butter.r-Little doing in the export of .cured butter during the month, most of. the sales coming under notice being for the supply of the local retail demand We quote Od per Ib.for exceptionally.fine, qualitydrdlnary'cure. la difficult to place at 6d to 7d per lb. / Cheese.—-Full supplies have Come forward, and all the dealers are stocked.; sales difficult at 7d to 8d per Ibfor'pantbrbury .make : a quanli y ; by-auctiph lias beeripusHed off ’atCd to G|d perlb. ' i • Flour—Stocks of Camara and Canterbury .flour are large,and”prices, are .slightly reducedfrom I last, month's quotations,, £lB. per ( ton being present, quotationslpr sacks, ih)bakers 1 10t5.,;. . ,-y ; ■ > ' Grain.—Oatshave been' brought, in. from. Southern» ports in oohsidierttblb quantities, but tfte demand Continues good, and prices.havo. not varied to any extent. W* quote ordinary.feed 'oats, at 3s Od to 3s 10d ling sorts,. 4s 3d per bushelmHltlng barley is. in moderate demand at 4s.ta ,4s Cd.- Fowl’s feed—r Wheat, 4s 3d; barley, 3s Sd ; maize, 4s Gd to 4s 9d per bushel. Hama and bacon.-~Overstocked, and-.difficult to' place at a satisfactory r Sales ; of i best brands of Canterbury cure,—hams and bacon, per lb; ordinary sorts have been ‘sold by auction, at prices frour Cd.to 7id per lb. ■ r '. . .» , ,;Hops.— kelson*hops.; are.'in fair supply at Is 3d to Is fid ner lb; Tasmanian, Is Cd to Is 8d per lb j colonial ifult, 7s per bushel. / ; f, ' . V. 1 Potatoes.—Stocks of potatoes are heavy, and during the month prices have,ranged from 60s to 70s,per;ton Timber.—Full supplies of sawn timber. Trices remaining unaltered.,- ,• ‘ J , BY TELEGRAPH. , - ’ (FROM O(JK OWN CORRKSFONDENT.) AUCKLAND, Thursday. , Mr. Alexander.. Saunders reports :—Sales: Moanataiarl, £7,10s ; Alburnla, £0 ; Kurunul, 235. Buyers:

Colonial .Bank, 435.' Sellers:. Bank of; New Zealand, £22 6sSouth British,; 80s ;: New Zealand Insurance,; 100s'( Thames) 70s.

.- CHRISTCHURCH,. Thursday. :•) . Good.milling, wheat.scarce at,.75.; , Flour, £l7 to £lB ; stocks arc low. Oats have better, inquiries from the Australian colonies) where • fears are entertained Af a drought; themitket is firm—Ss Od for feed, 3s ; 9d for milling.;'Barley is dull at, 3s:6d to 6s. ; Hams and bacon, Sd ; .cheese, 6Jd ; butter, 9d to lOd. Eota T , toes are getting low In stock ; .value, 555. Heavy wheat Shipments to England are being made.

The following are the duties collected at the Customs yesterday : r £ b. d. s. d. Spirits . . .. 8517 10 Sugar;.. .. 53 18 0 'Vine.. 10 12 0 Goodsbywght. 20 9 7 15'17 ,0 Ad valorem ,. ■ 17 10 10 Cigars.. 67 7 2 Other duties.. 18 14 0 26-8 0 , 22 8 0 £320 ‘ 9 5 The Customs duties received at this port for the four weeks ending August 10, were as under: — £ s. (V 1 •" ‘ £ s. d. 4455 0 5 Ad valorem . j 5728 i 8 8 Cigars 102 14 10 Other duties. .. 358 ; 2 • « Tobacco 982 4 0 Light dues. Wine,. 512 is: 'S' : shipping, and Ale 673 8 k 6 ‘ license fees/ Tea .. 741 3 0 ■ &c. .Jr:.. 604 ,2 6 Cr.fTee., 04 13 0 , Sugar .. .. 1207 8 C Coodshywght. 1017 13 7 , ; Total.. £10,518 14 0