SYDNEY MARKETS.

Wellington Independent, Volume XVI, Issue 1673, 4 October 1861, Page 2

SYDNEY MARKETS .

(From the S. M. Herald, September 2 1st,) Since the departure of the Benares with the August mail business generally ha 9 been very slack) and the fluctuations in our markets have been i'ew. There is apparently but little desire to ezzter into speculative transactions and buyers ap pear only to operate to meet present requirements. The principle feature of tho month is the excitement caused by tho discovery of large gold-fields in New Zealand. Up to the present time the quantity of gold brought in by the escorts during the month was 15,635 ounces, and of this quantity 7876 ounces have already been forwarded to Melbourne and Sydney, and the remainder is to be forwarded to Melbourne by the Oscar. In Melbourne the desire to visit the new gold-fields is very greafc, and thousands have ulready left; but here the people are more cautious and are waiting for further news. T.ie effect of this discovery oi gold in New Zealand will, no doubt, cause a great

demand for goods to merit the rdqukbtnent^ otthe people who are swarming there, and this for the tim 6 bding will induce a brisk trade. The following' ia the latest report of our markets :— *•' Flour. — The market has been very depressed, and sales have, with difficulty been effected. During the last few days a slight reaction, hastaken place, and prices, although quoted no higher, are armor than they have been s for some time <past. Adelaide is quoted'at £16 t0. £16 10s: per ton ; California, &14 10b. to £15 per ton. The miller's quotations remainthe same, viz., fine flour, at £17 per ton ; seconds, '£iB per ton. Wheat is also firmer : Adelaide, 6s. Gd. j colonial, 6s. per bushel. Oats are dull of sale, and cannot be quoted higher, 3s. to 3s. 3d. per bushel. Liquids. — Ale in bulk is dull of sale, and few transactions ; first brands are quoted at £7 15s. to £8 ; second brands, £0 15s. to £7. Porter in bulk is not in much demand, and prices are unaltered ; Taylor's £b 15s. to ,£6 ; second brands, £5 to £515s. Bottled Ale and Porter continue in moderate demand : the former is worth 9s. to 10s., and the latter I Os. to 10s. 9d. Brandy is not /»ery firm, * and is quoted much higher here than at Melbourne, consequently, buyers are unwilling to give the rates ruling : Martcll's is quoted from lls, 4d. to lls. 6d.; Hennessy's 10s. 9d. to lls. BumThere has been some speculation in strong rums, r and prices rule a shade higher — 30 o.p. f 3a, lid. 4s. Id. ; 10 o.p. 3s. 2d. to 3s. 3d. Geneva is not so firm, and has declined about Gd. Firat brands of low strengths and small quantities rttnge from 1 13s. to 13s. 6d. Whisky.— lrish, 4s to, 4s. 3d. 7. Scotch, 4s. Wines. — The cargo of Sheniea perWoodlark, from Cadiz, has been sold at auction,, and prices ruled somewhat lowev. Good sherries and ports are now in fair demand, and command full rates. Common are dull of sale.

. Teas.— The market is a little firmer, and really good teas are in request, at full rates. Common teas are dull of sale, and. stocks still very heavy. Congous are quoted at from £5 to .£8 por chest. Very flue congou is worth £9 to £9 9s. per chest ; hysonskin, i' 6 10s. to £7. Green -teas are very scarce. Gunpowder is worth 2s. to 3s. 6d per lb ; young hyson, Bs. to 3s. 6d, per lh. ; scented pe. koe, Is; 9d. to 2s. perlb.

Sugars. — At the commencement of the month a slight decline in prices took place, but during the | last fortnight stocks having become nearly exhausted, prices have again recovered and may b© I quoted as follows ;~ -Loaf, £66 to . Mauritius i crystals, .£43 to £43 ; yellow, i'4o io £42 ; grey, "£39 to £40 ; brown, £36 to £39; Manila, £42; NR or C, £39. Pampanga none in the market. To-day, however, there have been arrivals of sugar from three different ports, which must cause prices ! to rule lower. '

Coffee is dull of sale, but prices rule the same as last month. Manila. Bid. per lb. in bond; Plantation, JOd. to lid. per lb. in bond.

Colonial Produce.— Wool : There have been few parcels arriving during the past month, and the lots offered at auction have consisted principally of Zealand and skin wool. The first parcel of fhe new clip, consisting of eleven bales in the grease, marked TB, was sold at auction last Thursday week, at Is. lsd. The news by the English mail of a decline in prices at the July sales, has caused a fall of about lid. per lb. in skin wool, but until the new clip conies to hand prices are nominal. A fall; however, of lid. to 2d. per IV, is anticipated. Sheepskins are not co firm, aud some large parcels were sold byjuiction, yesterday, at a decline of fully Id. per lb. The present quotations are sd. to 9d. per lb. Tallow. — The market is very flat, and a decline of 30s. per ton has been submitted to. The following are the latest quotations : Beef, £35 10s, to £36 10s. ; mutton, £39 to £44; station* J-38 to £32.

Hides are not so firm, but prices of heavy bidea rule about the same as last month. Inferior and light hides are dull of sale and have brought lower rates, lieavy hides are worth 10s. to 14b. each; light and medium, sa. to 9s. each.

CUndijss are dull of sale, and have fallen J to Id. per lb. Nevas are quoted at 15 id. Rice.— -Stocks are small and prices are about 10s. per ton higher than last month. » Patna ia quoted at £11 15s. to £J8 per ton.

Salt is not quite so dull of sale owing to the large quantity that has been destroyed in the Sovereigu ot the Seas. Liverpool is quoted at £5 to £5 ss. per ton. ; fine salt, I' 4 ss. to £<k 10s. per ton.

Oilmen's Stores are dull of sale with tha exception of oils and pickles, which are scarce and command full rates.