DUNEDIX COMMERCIAL.

Southland Times, Volume 2, Issue 83, 21 August 1863, Page 2

DUNEDIX COMMERCIAL.

(From the Daily Times.') The discovery of the Hogbum gold field is a remarkable coincidence in relation to Messrs Hartlv and Riley's announcement about- this time Jast jear, resulting in the Dunstan diggings. This new discovery has attracted a large number of miners, exceeding three thousand, and with more propitious weather the number will be largely augmented. The Shag Valley district, comprising the ifogburo, is very extensive, and the limited area now occupied by the miners is, from accurate information, a sufficient guarantee that this new field will rival, if not surpass Tuapekn. We have no alteration to make in our last quotations. Prices remain steady, with an indisposition oh the part of merchants to part with their goods at current rates. Business is yet quite inactive, the Hogburn rush Laving only caused excitement. We are unable to publi>h the quarterly returns of imports ending 30th June, but it will he investing to our readers to know thnt nearly 5600 entry warrants were passed against 3300 for the quarter ending the 31st llareu, frotn which fact tiiey can draw their own conclusions. j The Alary and Kditn, frotn Sydney, has increased our stock of American goods which at present are I quite unsaleable. Another cargo of flour is expected f . om Adelaide, and the large stocks on hand rouet necessarily lead to a loss on the part of consignors, ail expenses taken into consideration. Our prices are very depressed. We regret to state further shipments of sugar are expected. We really cannot sanction this wholesale glutting of this market, alike damaging to the consignors as to tbe bona fide speculators here who, if treated in this respect, will zwCin future venture on large parcels. The weather has been very unfavorable to general business, and it is to be hoped a change will improve our prospect*. As respects our credit, it is the universal remark how easily the 4-th oi this (the critical month of the year) has passe-l ov. r, thus proving the (solidity of our commercial aspect. The bpring and $umnier of last year have proved

lucrative, to tho storekeepers. They will weather, the nxistiug pressure, and be prepared for :i busy 'time not far remote. This is a pleasing contrast; to the ■events ; tlmthnppened last year, resulting in 1; s j es and discredit. (: r i \ 'iVeVietory, from' Glasgow, brings GOO firkins of butter, and a further supply of <>ats and timber. On tho whole, wo enn report favorably of fins ma-kft, but our stocks are very he»vv \. ith at present littlo or no demand. Outside part-els hnvo been taken up by speculators fit a price, leaving a serious logs to consignors.