DUNEDIN.

West Coast Times, Issue 653, 28 October 1867, Page 2

DUNEDIN.

The "Otugo Daily Times" of the 19th inst., reports :—: — Since tho departure of the September Suez mails, trade has worn a very quiet nppearauco, and it i 3 not possible to refer wiih any degree of satisfaction to the amount of business done during the month. Tho demand for local wants is usually at this timo slacker than at any other part of .the year, imd it ha 3 happened during tho last few weeks, that outside requirements havo been very limited ; and though at iutorvals .fir»t holders have evinced a disposition to do business at concedod rates, sales to any extent have not been induced, and the total of importers' transactions has been liglit. Iv consequence of the prevailing quietude markets close with less of firmness than they previously possessed, and quotations for staples, though almost stationary, are in some cases, only so in the absence of operations to guide. Stocks have been added to by au average amount of British imports, but from other sources there have been no accessions. No shipments of new season's Eastern produce ai*e yet to hand, though cargoes are advised as afloat, and should be to hand early. The arrivals since the 20th ultimo havo been the ships Countess of Kintore, Echunga, and Star of Tasmania, from London, and Vicksburg, from Glasgow. The slight alterations made in the tariff are the admission of coifec, ground and roasted, at five pence per lh., and the items of blasting powder, rosin, olive oil (in bulk), and palm oil, admitted Tree. The agriculturists of the Province are still without an outside market, except that of the West Coast, for their produce. Attention is now awakened to tho fact, that all tho colonies are producing in excess of consumption, and that only upon such regular export as can bo established to the Home markets, can dependence bo placed for disposal of future surplus. Credit is woll sustained, and all branches of commerce are healthy. The money market has not varied ,• rates of discount aro at 8 per cent, for 95 days currcuey ; and at 9 per cent, for over that term. Exchanges : The Banks issuo drafts upon London, 3 days' sight, at 2 per cent, premium ; 30 days' sight, at 1£ per cent. ; GO days' sight, at 1 per cent.; ou Melbourne, § per cent. ; on Sydnoy and the other Australian Colonies, 1 por cent.