COMMERCIAL INTELLIGENCE. DUNEDIN COMMERCIAL.

Southland Times, Volume III, Issue 45, 19 February 1864, Page 4

COMMERCIAL INTELLIGENCE. DUNEDIN COMMERCIAL.

The Otago Daily Times of the IGth inst , iv its summary for Europe, has the following remarks ou the prospects of business: — "Since the departure of the last English mai out* markets liave exhibited no si^ns of recovery : on the contrary, depression continues to prevail in almost every branch of business Stocks arcuruulatc, and in consequence merchants ;:how an anxiety to realise, the effect of which is to force down prices without materially reli.-\in^ their hands. Can-it 1 by the high prices that ruled in our markets last year, and vainly imagining that stale of things would continue, we find a large increase to our traders has heen thereby induced, and in addition shippers have prcssc-1 in upon 'us from every quarter goods of all kinds far beyond our requirements; in fact, we aye now entering upon that period peculiar to all £°' ( 1 lie-Id coiMniunitio.-!, we mean the reaction that usually follows the lirst succrss of such a trade. '■'With a population af present in the Provinco of 50,t*00 to (!0,000, which we may cxp ct to see tully maintained, but certainly not materially augmented, unless some very attractive new holds are opened up, we find our present- stocks with a feu- exceptions, such as flour uud sugar, arc estimated as equal to nearly twelve months' consumption ; it is evident, therefore, that until the number of our trades, and the extent ot our supplies bear some nearer proportion to tho population, we are not likely to see business in a healthy position."