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SYDNEY.

The Sydney Mornitfgjiferkld of May 7 reports : "The depression in the stock and share "market ntftice&'-ia'st week -has continued, and prices generally had a weaker tendency. New South 'Wales 1 opened with sales at 38 j a .decline of 5s was afterwards . acce^tidPWe'w/ZeilaW'Yold 'at 1 16 ex'div. ' Ney Zealand Treasury bills and City of Sydiiey Corporation also sold at last week's^ quotation^? The overdue ship 'Compadre,' from Liverpool, arrivedHfchis evening, with a general cargo, valued/:at;<l4,49K. At the pFoduce sales, held this^ morning, buyfis of talld^ Seisited freely .^late ppes of prii^9eMerea,,uMy^n &$&&& 39?.-;"ptaef s j par^ls^^ooa'lJoiMirfrOE^e^Ssiql^,

Tudes~^ere,Jtas^ n - r at. t -vlast -week's quotations ; other* deacriptioiis hardly so firm. The aspect of the import markets is somewhat^ similar t<^ that with which they closed last week. i -Those who must sell goods have to accept unremunerative prices, while those who can afford'-fco hold until purchasers come to them obtain fair rates. With the-excep-tion of ; the 'sale uT af'a good portion /of the cargo of Bourbon sugars ex 'Massaliote/ and a large private transaction' in low teaa, there has been .very, little to notice during the week, as all the other transactions reported have been^for immediate trade demands. , Breadstuffs .continue firm, with * steady supply coming forward from the interior. "Good Southern, and Western wheat finds a market at 5s to 5s 6d. ' Adelaide is firmly held at 6s. Jlour has moved freely in bakers' lots, at 13?. 15s to 14?. 5s for Adelaide, 12?. 10s _to 13?.- 5a for Sydney, 13/. 10s for ' Goulburn, 13?. for Orange, and 11?. iipwards for inferior. Beer in bulk is rather easier, though for best brands, in small quantities, 11. 5s is still obtainable ; sales of bottled beer show no change in the markets Porter in glas3 is firm at from 9a to 10s for best. In brandies, business has been done in parcels to arrive at lower rates ; 6s 9d is a full value for parcels on the spot ; Hennesay's ease being held for 28s to 28s 6d, is bringing other brands into increased demand. Candles sold steadily air lOd to lO^d for- full weights. Transactions in coffee were of almost a retail character, at 9idto 9|d for 'plantation, 6d to 6|d for Manila, 7d to 7Ad for Java. Dried fruits move slowly ; holders look for improved rates. Fish is very dull, and parcels to arrive can be had at low prices. In groceries and oilmen's stores there is nothing to report worthy of notice ; a few lines of inferior goods have been quitted at fair prices ; prime hams and cheese are saleable at full rates. The metal market is as dull as it can be, and prices without improvement. ; Oils are firm : colza in demand at full rates ; kerosine is from Id to 2d higher than last week, with present stocks confined to second hands."

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/DSC18700516.2.14

Bibliographic details

Daily Southern Cross, Volume XXVI, Issue 3972, 16 May 1870, Page 4

Word Count
472

SYDNEY. Daily Southern Cross, Volume XXVI, Issue 3972, 16 May 1870, Page 4

SYDNEY. Daily Southern Cross, Volume XXVI, Issue 3972, 16 May 1870, Page 4