Markets.

Lyttelton Times, Volume XII, Issue 731, 9 November 1859, Page 4

Markets.

MELBOURNE.

tClio following telegraphic <np.*hj*e, .tMiblMhcct by the ' Sydney Heraky-is-dttted Oct. 12:«The markets arc very...flute t. . Larsvo parcels of -oats sold;' Gahfornia.iit 4s. 3d. per bushel, and-Danish nf Ss-3d. . .A small lot-of Adelaide ilaur ehangedhands at.£24 PeAt°"uetioii' sales "Bally, sugar, No. 1, was sold ..at MO; inferior cougou at XS 10s.; and Patnarice at The cargo of California -whea^ (ex'llebe) changed hands at 115.'6 d,, just before-the arrival of the Adriatic, yesterday. ■Reliable 1- news from 'Valparaiso- to August '2nd

'quotes flour at 8 dollars 75 cents to 9 dollars. -..There were loading for' Sydney: the Fanny Wisher, with 2GO tons "flour,-Marguerite, with 200 tons. . For

. Melbourne—Lord Hardinge, with 400 tons .with: 500 tons.. No other, shipments likely. --The iCrusade •■ from Sydney/finding the limit too high, had taken another charter. There were no.'Austra- "■' lisin orders, in the -market which could be executed. 'The three vessels-already-arrived ■•■were the only -onea which had "sailed. , 50,000 fanagas of wheat1 had been destroyed at .. '-San-Antonio, -'rhis news can be relied on.

- STDNBV. ■The * Herald's? -monthly summary of -October-13, ■ contains the following:— . . With regard to the duties on tea: and sugar, the -•' Colonial Treasurer proposes that"the duty charge--able-oir tea'after V3lst--of and'to the ; •: - 30th September, 1860,-shall be 2d. perlb., and after 30th >• September, I860; to'3l st December,,lß6o, Id. per lb.y and after this date the duties on teas shall • cease *"-.Tlie«luty«on-the refined- sugars froni>and.: . ■ after the;-31st of--Marclvlß6o, t<v 30th September,; ■1860, inclusiveiis to be.ss. per cwt.; raw sugar, . • 3s. 4d.; molasses,'-2s; 3d.-^Trom^and after that date • to 31st -December,-*186O; >-refined--sugars, t3s. 4d.;, raw sugars, Is. 8d; molasses; Is. Id.; and after that - ■ date the duties on-sugars an&. molasses shall cease - and determine. .:The<drawbacks.on-sugars are -also': ■■•;•■' to be reduced in a like manner, v

Business.during'the past- month'has-been very; dull, arid in most of our markets there is but little •.alteration -to notice. -.There- has, however, been considerable speculation'in1 floury and prices have ' fluctuated considerably. The news by the Benares of a diminution of shipments^ during-July, it is -expected, will tend to strengthen the*-prices of those arfciclesv which have not been so freely-shipped to; .-this colony. "The following is the-.latest -report of >. the state of our markets : — ■;, Liquids: Ale and Porter.—Ale in bulb is firmer, -and prices have slightly improved. .-.First-class ' brands are quoted at £7-ss. to £7 7s. 6d., which is an advance of ss. as compared with last month's ' rates. Porter in bulk is- very dull of sale* and prices have declined. Taylor's cannot be quoted Jiigher

than £6 10s.; Trueman's £6. Second class brands

are unsaleable. Bottled ale and porter are more en- ' quired after, and prices have slightly advanced. ; First brands'are; saleable at Bs.--6d. to 95.3d.. Brandy • is more enquired for, and Martell'sis quoted at 9s. 6d.

to 10s. At the latter figure there;are plenty of

buyers. Hennessy's, 9s. to 9s. 9d. •, Eum is very • flat, and 300.p. cannot be quoted higher than .4s. 3d. ■to 4s. 6d. Geneva is firm, and in steady demand. • JDKZ and key brands of low strengths and small • quantities are saleable at 165.-to 165.-6 d. -In'wines . there have been some large transactions .this week. especially in port. ■ The greater portion of the-cargo of the Kite Avas sold last "Wednesday -by -auction.

The prices realised were a little lower than last sales,

Hunt's single diamond brought 6s. 6d.; double dia- -. mond.-7s. 6d. ; treble diamond, 10s. to Jos.-.6d.; quadruple diamond, 12s. to 12s. 6d. Good sherries

are in fair demand, and several sales have been

. effected at full rates. Common sherries are dull of ■ sale. For light wines there is-not so much inquiry as one would expect at this time of the year. ChamT

pagnes are very dull of sale.

Candles are very dull of sale; and.prices^riile fully Id. per lb. -lower-.- Belmonts cannot be quoted higher than 14d. to 14^3. per Ib.

Cheese.—The market.is pretty-well supplied, and prices are without alteration. North Wilts of prime quality is worth about 13£ d. to 14d. per lb,; other

kinds-are.dull of sale,

Colonial produce.*—ln the wool.market there has been little doing. ■ The first lot of the new clip, consisting of 13 bales of fleece, were -sold by auction last week at 21d. - Now the wool season has commenced the market will be tested,' but during the ■last few weeks prices have been nominal; the lots .offered consisting either of odd bales or handwashed skin wool. ■ Sheepskins have been in great request, and prices-have advanced about Id. per lb. as compared with last month's rates.''The latest prices

are 6d.-to 9|d. A lot of superior skins were sold as high as lOd. per lb. last week. Tallow: the market is not quite so firm, and prices rule frbm\£l to £2 per ton lower. The quantity-offered by auction has been, principally bought by the town-trade,'who latterly havenot been very eager to supply themselves because -they anticipate a further decline. The following are the latest quotations:—Beef, £44 to ,£46 per ton; mutton,'£soto £53 per ton; station,

£40 to £51 per-ton

Hides are dull of sale, and

heavy hides have fallen since last, month about 4s. -each. The highest price obtained at auction last week was 15s. Gd... Inferior hides are almost unsale- ■ able; the latest prices are-ss. to 15s. Gd. eaclu Teas.—The market is not quite so .firm, the late -arrivals having tended to check the-advance in .- prices. Holders, however, are not'disposed to submit, at present, to any reduction, and prices are, »therefore, nominally the-same as last month.

Drapery and soft goods.—The, market continues without any material alteration; but as shipments during Julyrwere lighter, it; is anticipated that-an improvement in-most articles will take place. Sea-

sonnble goods coimiiand'fair prices.

Flour and Grain,—The'fiour market during the .^•past week has been very depi-essed, and prices-have -■•iiilleiT-about £4 per ton, as compared with' last '■•niontii-V-rates. The.late arrivals have caused a f-reafc desire mvthe part of small holders to sell,.and we do not think large parcels could be,-(juitted higher than £25 to £26 per ton, but-at present prices may •• be said to be nominal. The rise was caused entirely . by speculation for shipment to Melbourne, and .as ... the arrivals there have also been large,.a sudden re- . action has occurred in prices, which l^ave decidedly - a downward tendency. American'barrel flour is very dull of-.sale-and cannot be-.quoted higher than 50s. to 555. per barrel. Wheat has also fallen, and .. prices are nominal. Coffee.—Our stocks are small,arid there-has been • a little more inquiry for Manila, sales of which have - been effected at 7d. per lb.; Java,6d. to 6|d.