Markets.

Lyttelton Times, Volume XII, Issue 736, 26 November 1859, Page 4

Markets.

• "•■■ SYDNEY. Wo have flies to the loth inst. The ' Sydney M. Herald'of the sth November reports as follows:— Business during, the week has been rather inactive^ arid some of the .principal markets have suffered a depression by heavy importations. .Much of the inactivity is-, however, attributed to the general reluctance to operate largely while important news from England was daily expected. Floukl—The depression in this market lias increased rather than lessened. The millers continue to quote fine flour at £24 per ton, and seconds at .£22 per ton, but no transactions.are reported at these prices. It is probable that not more .than £19 ■would be realised by auction for a large cargo. Tliere have been no large transactions, as dealers are only buying to meet present wants. Good wheat cannot be quoted higher than 75.3d. to 7s. Gd. Liquids.—Brandy * remains at last quotations, sales of MarteU's having been made at 9s. 6d. to 9s. 9d. Rum continues rather flat, not more than 4s. 3d. to 4s. 4£d. being obtainable for 30 o. p. In geneva there have been few transactions; first-class brands of low strength, maybe quoted at 15s. 6d. There is a fair demand for best brands of ale, at from £7 ss. to £7 7s. 6d. The;'demand for porter in bulk has not improved. . Teas.—The arrival of a large cargo of te.as^by the Sea Witch; and the announcement of its sale by auction next ■week, have necessarily caused some depression in-this market, as the immediate sale points to the expectation of other large shipments. At the'sale to-day by Messrs. Frith and Payten, of the damaged portion of the cargo of the Osprey extreme,prices were realised, considering the state of the market, congous fetching from £6 to £7 16s. per chest. , . . Messrs. Mort and Co.'s wool circular of the same, date says:—' ' ' .',.■, Wool. — Purchasers have this week evinced* greater determination not to advance in their biddings, arid prefer that settlers should forward their clips to England than give the prices demanded. Consequently a limited business has been- done and the shipments have been mostly on grower's 'account. The wooL sold.;,to-day was: principally in grease, and realised from 12Jd. up. to.a fraction of I4d.—the latter figure fora parcel-,, of very light from the South. .'!.'"..'.", ■ Sheepskins, no alteration. Tallow, market inactive. / Hides, little doing. ' ' "Freights to London:—Wool -id. to fd. per Ib. Hides 15s. to 255. per ton. " . MELBOURNE. The first wool sales of the season commenced on the 19th October, when 700 bales were offered.to a. numerous attendance of buyers, whose biddings were very-spirited owing to the inducements held out by ships laid on to arrive for the February sales. At tlie sales of the following week the active inquiry continued and prices rose somewhat.. -Messrs., Goldsbrough's circular under date Nov. 5, gives the latest information of this market,as follows:— Wool.—During the week ■ there has been a good inquiry for fleece wools, more particularly for superior flocks. We regret, however,' to say that, owing probably to the unsettled state of the weather, the supply has not been equal to the demand, except, in greasy Wools, of which a more than averagel quantity has come: to. hand, causing prices for this class of. wooKto.be scarcely so firm as last week. Four sales by auction have, taken place, two at Geelongpn the Ist, November, at which 1171 bales were brought forward, of -which quantity 988 bales were sold. One or two lots of fleece were of a very superior description,- and were well competed for; ; greasy, however,,, was comparatively neglected, buyers being unwilling to operate at the high limits placed on some of; the parcels; by fthe owners, consequently several lots; were bought in. In order to give the buyers' the latest possible opportunity of shipping their wool per Donald Mackay, to be in time for the February sales,, and hot, as iiftiniated by the 'Argus,' Spending some differences between the buyers aud-BclHiig-broKcris," Ctie Melbourne aales were postponed from Wednesday, the usual day, to.; Friday, the 4th of *November, when 2055 bales were offered. The competition, more particularly for bright well-conditioned wools of a superior description was most spirited; and the prices obtained cannot fail to be highly satisfactory to the growers and must convince -them of the advantage of selling in this.market. Althougb.no very superior lots of fleece were offered at our sale, the prices obtained for such lots as were brought forward were quite equal to last week. We quoteSuperior clips Is. lid. to,2s. Id. Middling to good ......... is. Bd.. to Is: lid Inferior to ordinary...... is. 6d. to Is 8d Greasy ............_ nd. to Is. 2d! • I allow.—The demand for colonial use continues good, and sales have been effected by-us at last weeks quotations—Mutton realising £50 to £52 and beef £48 and £49 10s. per ton. ' Hides.—No alteration to report. We have sold a few small parcels of. country wet salted at from 10s. to 12s. 6d.each. .■.'...... Sheepskins are in good demand at last week's quotations, station.skins having been sold at 7M to 9sd. per lb. .We have sold 489 full woolled at 5s 6d. each. ' B . ■ • Messrs. W. L.Lees and Co. report1 as follows — * lour, Grain, fee—Further arrivals of flour from the West Coast of America, coupled with increased tightness,-in the money market, have depressed pneesife our last report fully £2 per ton ami we canuotfjresee any probability of improvement, whi st every day sacrifices have to be made to meet the necessities of weak holders. Neither the stocks held in the colonies, nor what may arrive before harvest, warrant the extreme fall of £12 per ton; but the unsound system of selling flour and gram on credit terms, and a monetary panic as at present, have increased the decline of prices to fully 50 per cent We quote best Adelaide flour £19 ; Van Diemen's Land, £17 to £17 10s. Wheat is nominal; value about. Bs. Oats are in improved demand several considerable parcels of Californian and Colonial have been taken for consumption, as weu as to hold over; prices we consider firmer, but not dearer. Average"run of Colonial, 4s. 'cd.; Californian.as. 9d. to 45.; Scotch and Irish, 3s. 3d. to 4s. Maize is still in large supply from 3Si 6d. to 3s. Pot a tnL aV ery duU ?/ ?** c and dedining in value. Potatoes are generally in bad condition; good parcels are m demand at better prices-GOs!; free sale " Uttle dGlaand f°r sMppin^ at £«