COMMERCIAL INTELLIGENCE.

Oamaru Mail, Volume I, Issue 335, 21 May 1877, Page 2

COMMERCIAL INTELLIGENCE.

DUNEDIN COMMERCIAL. The amount of revenue collected at the Custom-house, Dunedin, on Friday, "was £836 15s. 4d. Gold, £39 Bs. 9d. MAIL ITEMS. New York, April 24. "Wheat exceedingly active, 2dol to 2dol 50c, being an advance of 10c. Whale oil quiet, "weak, 65c to 72c. Sperm oil quiet, ■weak, Idol 3c to Idol 32c. Winter bleached, Idol 60c to Idol 65c. Wool, steady. Autumn, 14c to 20c; burry, 12c to 15c. C aliform an Spring, 20c to 27c; burry, 15c to 20c. Pulled Spring, 20c to 27c; burry, 15c to 20c ; pulled, 25c to 35c. New York flour, very active; held at 50c to Idol higher. Cotton quiet. Petroleum—Devoe's bnlliant screw-topped cans, 34c; Fancie's can, 35c; Downer's kerosene, 47ic to 50c; and Eureka in B bis has "been reduced to 22Jc to 25c per gal. Quicksilver market quiet, at 41c per pound. Oats, 2dol 50c for Oregon. _ Liverpool, April 24. Average Californian wheat, lis lid to 12s 3d; club, 12s 3d to 12s Sd. San Francisco, April 24. The Daily Morning Call, of the 25th April, has the following : —" The topic of most absorbing interest in grain circles today has been the probable effect of the Turko-Russian war upon the wheat trade of the "Pacific coast. Prices have already reached a high range, but the tendency is still upward. A further advance of 3d was telegraphed from Liverpool this morning, and this market immediately responded by touching 2dol 70c. The English market must be very strong not to be affected by the heavy arrivals of the past two days. The fleet which reached British ports from this coast during 4S hours ending yesterday numbers 30 vessels, with upwards of 1,000,000 centals of wheat. Confidence in the permanency of the cereal market 'must be great to carry it still upwards in face of these unprecedentedly heavy receipts. It is unfortunate California should not this season be in a position to reap the full benefit of the high prices which the next crop is likely to realise. Although the harvest will prove very deficient in a large portion of the State, we still have considerable supplies for export. -All that part of the great region north of San Francisco Bay will produce average crops, and some sanguine persons think we shall have from 250,0u0 to 300,000 tons for export, and that it will bring 3 cents, per pound. Oregon is peculiarly favored this season. The winter, owing to light rainfall, has been very favorable for the operations of farmers, and a much greater area than usual has been sown. Advices from all parts of that State give assurance that the crop prospects were never better, and that the yield will be the greatest ever produced."