Markets.

Lyttelton Times, Volume XI, Issue 683, 25 May 1859, Page 4

Markets.

The arrivals during the past fortnight have'comprised a miscellaneous cargo, direct from England, per Victory, which vessel was obliged to shut out a large quantity of goods ready for shipment to this port; room for which will have to be found in the Minerva, to sail on the 14th February, and the Cameo, early in March. Besides the cargo of horses and cattle per. William Watson, whose disastrous voyage we recorded, a shipment of stock,

in the shape of 50 Timor Fonies, has come over from Newcastle in the Raven, without any loss of consequence. Coastwise we have received several small cargoes of timber from Wellington, Manawatti, and Nelson; thus keeping the timber market fairly supplied The Queen has also been on her way from Wellington to Otnpo,. She has brought several passengers and a little cargo, and left yesterday for the south, calling at Akaroa, for which place she takes a good quantity of cargo. In the home trade we have to notice a further rise in wheat and flour quoted by the millers. Good samples of wheat are now worth 7s. per bushel, and flour, delivered, £22 per ton. The reason given for the rise is that it is necessary to keep the price for home consumption somewhat higher than that for export, now ruling at 6s. to 6s. 6d. It is also stated tfiat the poverty of the late crop is taken into consideration, and that one of the objects in raising the price of wheat is to check exportation, from a fear that ultimately the supply may be found short, and prices become exorbitant. We have heard no estimate made of the yield of last harvest, but there'is evidence enongh from observation that it was very generally poor, and the total produce below an average. Horses and Stock.—Mr. Fawdington and Mr. Guinness report as follows:—On Thursday Mr. Thomson sold at .Papanui some horses belonging to Mr. Hill. One aged: gelding went for £30, and a mare in foal £50; a hackney mare was knocked clown for £40. On Saturday Mr. Longden offered some bullocks with yokes at the Repository; one pair realised £42, but the rest, we believe, were brought in at £35, and sold by private contract. One gelding was bought in at £35.

We understand that the . well known race horse Scrip has been raffled for and won by Mr. George Giggs. ■

The' Advertiser' of the 21st instant, gives the following latest report of the Wellington Markets :— "We have not much to report with regard to business transactions during the past week. Trade, generally speaking, still continues remarkably dull, and we have,not, therefore, any favorable activity to report in the commercial markets. The arrival of the Boomerang, now overdue, but hourly expected, with the February and March mails, will doubtless impart au increased activity to the markets, and rates may therefore be expected to advance as a necessary consequence upon improvement in trade.

" The auction sales during the week have been confined to three—one by Messrs. Smith and Co., and the other two by Mr. J. Wallace and Messrs. Duncan and Vennell. The prices realised at these sales were, generally.speaking, rather low and unsatisfactory, and a great portion of the goods were consequently withdrawn at Mr. Flyger's sale.

" The flour market has somewhat advanced in price during the past week, and appears to have an upward tendency. Holders are therefore rather indisposed to sell at present rates."