SYDNEY COMMERCIAL.

Wellington Independent, Volume XIV, Issue 1442, 27 July 1860, Page 2

SYDNEY COMMERCIAL.

[From the Sydney Herald, July 7.] Business during the week lias been remarkably quiet, and the transactions have generally been confined to purchases to meet present wants, or orders for the country. The 4th of the month passed of pretty well, and wo have only two failures to record, viz. : — Messrs. Bowden and Peden, and Messrs. W. Jolly and Co. There is, however, still great distrust existing in tho mercanile community, and most of tho holders of goods are unwilling to sell except for cash ; consequently, although a check is put to speculative transactions, the little business that is done is sound and healthy. It is to be hoped that now the folly and votteuoss of tho accommodation system has been conn, that the banks will bs more cautious in their discounting, and so aid in the r preventing commercial crisis which injures alnw t every one engaged in trade., and benefits generally only those who ought to suffer the most. Our markets during the past woak have undergone but little change, and f,he English news by the Salxelte has not yet had time; to affect them. As shipments to the colonies are lighter, although quite sufficient for our acquirements, it is not likely that any groat change will toko placo. The news from Kiandra this week is not quite so encouraging, as the quantity of gold-dust forwarded by escort is considerably less : but this was to be*, expected when the winter set in. There aro still complaints of the badness of the roads and tho high rates charged for carriage to Kiandrn, and unless the Government are on the alert ami the roads put, in a proper state before the Rpring season commences, hero will bo great difficulty in sending up the upplies that may ba required.

FiiOun. — Tho market ia still dull, and hut little doing. The millers continue to quote fine flour at £25 per ton, a: d seconds at £23 per ton ; wheat Bs. fid. to 9s.

Liquids. — -A lft, in bulk h not quite so firm, and a large parcel of Bass's lias been quoted at £7 per hogshead. Porter, in bulk, is very dull of 6ale, and pric-js nominal. Bottled ale and porter, good brands, are in fair demand at full rates.

Bsascv. — The transactions in brandy have been taw, but prices are well maintained. Martell's is worth from Us. 3d. to 11s. (id., and Hennessy's about 1 1 s. Rum is not much in demand, 30 o.p. is quoted at 4s. 3d. to 4s, 44d. Geneva is without any alteration. In wines there have been no transactions of importance, and prices are~nominally the same.

Teas. — The market continues firm, although bpeculation has for the present ceased. Some small sales of congous have been made during the week at full rales, and as holders do not appear anxious to force sales there is every likelihood of present prices being maintained. Congous are quoted at from £7 7s. to £7 per chest.

Sugars, — There is scarcely anything doing in sugars, and purchases have been confined to actual wants. Prices remain nominally tho same, and the Company's quotations are also unaltered. Rice is pretty firm, and new Patna is worth from £22 to £24 per ton. Coffee is vory firm, and stocks small. Manila ia very scarce, and is quoted at lid. to 12d. per lb. in. bond. Java lOd. to lid. per lb, in bond.

■-? Candlk3 continue firm, and the late advance has been maintained. Belmonts and nevas are quoted at 16d. per lb., and at this rate sales have been made

Salt is not quite so firm, owing to a largo sale having been lately made. Liverpool salt is quoted at £5 7s. 6d. to £5 12s. 6d. per ton. Fine salt is scarce, and ia worth from -C Bto £9 per ton. In Oilmen's stores, provisions, dried fruita, &c., there is no alteration to notice.

Potatoes. — Prime Hobart Town are worth £S 103. to £10 per ton; Hunter River (new) 4-8 per ton. The market is full of inferior and damaged New Zealand, which are unsaleable except at nominal rates.

Bacon. — Prime is very much in demand and, worth Bd. to B^d. per lb.

Died — -ThU morning, July 27t!i, at the residence of his Father, Willis-street, Mr. Charles Edwards, aged 2i years aad 4 months. His end was pe--ce.

Birth:. — At Mount Albyn Cottage, on the 22nd inst. Mrs. Walter Turnbul'l of a son.