Markets.

Lyttelton Times, Volume VIII, Issue 536, 23 December 1857, Page 4

Markets.

Recent news from the neighbouring provinces has reduced the nominal price of wheat to Bs. per bushel; and flour at the Christchurch mills to £23 per ton. Little however is doing in this market, arid nothing in other grain. Wool begins to come down more freely, and a considerable quantity is at once disposed of by the growers at the various ports of shipment.

With regard to the amount and value of wool likely to be exported from this province during the current year, we observe that the estimate of our contemporary the ' Standard' of the 17th inst., is 25 per cent below that given by us on the preceding day. The 'Standard's* calculation is that £50,000 worth was exported last year, to which about fifty per cent being added, we should reckon on £75.000 worth for the current year. Now we find that wool of the last clip to the value of £60,000 was exported; and owing to the rapid rise in value that same quantity would bring one-third more this year, or £80,000. Then the lowest calculation which we can make for increase, under present circumstances, is 33 per cent, which will raise the total value to £107,000. Those who are most cognizant of the heavy clip which the present promises to be throughout the province, and of the present prices ruling, will agree with us that the value of the export will quite come up to if not exceed the amount indicated.

On Saturday Messrs. R. Waitt & Co. had a sale by auction of Horses, which were brought down to "Nelson in the Spray from Sydney, and driven overland to this province. The prices obtained were exceedingly good, ranging from £32 10s. to £75, or averaging about £55 10. Of the lot only three were sold as broken-in horses, so that the prices obtained, being for unbroken animals, may be looked upon as very high.

The only arrival during the week has been the schooner Corsair from 'Melbourne..-- She will be l-ecognised as the vessel purchased on account of the whaling enterprise undertaken out of this port. She has brought down a miscellaneous carjjo, with a quantity of palings and scantling. There are two mares and a Timor pony on board. There have also arrived by this vessel some fine-bred merino rams, selected from the flocks of the best reputed sheep breeders in Saxony, and forwarded from Hamburg in last June to Melbourne, where they obtained gold and silver medals at a show of the Victoria Industrial Society, on the 17th and 18th ult. Five of these animals have arrived, one other having died on the passage down. They are the property of Messrs. Miles Kington & Co. , ; -