SYDNEY.

Wellington Independent, Volume XVII, Issue 1839, 7 March 1863, Page 2

SYDNEY.

Thb Sydney Morning Herald of the 10th instant, says :;— "Business during the past month has not been ao brisk, and tbere ia. an apprehension ou the part of some holders that the markets are beiug over-done, stocks at present being very heavy, aud the shipments already advised being considerably in excess pf our requirements. There have been a few failures, but they have not been of an important character. The news from tfce diggings is not so satisfactory as it was some months ago, and the failures alluded to, have been of those who are engaged in business at the diggings. On the otber hand, however, there is a fair demand for goods for the neighboring colonies of Queensland and New Zealand, partioularly to the latter colony, which is now having its rush of diggers, and this has materially tended to relieve our surplus stocks, otherwise prices must have ruled much lower. The following is tbe latest report of our markets. Fiour. — The market is still very dull, aud some heavy shipments from San Franoisco aud Adelaide, which have lately arrived, have caused prices to give way about 20s per ton. Adelaide fiour was sold at auction, to-day, at £12 per ton, but holders ore asking £12 10s to £18 per ton. The millers' quotations are unaltered. Fine flour, £14 per ton. ' Wheat is also lower, the decline being about Sd to fid per bushel. Some Californian wheat ex Gertrude was quitted at auction, yesterday, at 4s 9d per bushel. ' Adelaide is quoted at 6's., Liquids — There is a general decline to notice in all liquids, stocks beiug heavy, and holders generally desirous of forcing sales. Ale in bulk is not so firm, and has declined about 10s per hogshead, first brwiiis being offered at £Q Os. Porter in bull- in also lower* Bottled aie and porter continue in moderate demand, aud first brands are worth from 9s to 10s Gd. Brandy : — At the commencement of the month, there was a strong disposition to force sales, and Martell's was offered at lis, but during the last few days there has been some purchases oa speculation, and holders are now asking lis 3d to lis 6d ; Hennessy's, lis. Rum continues dull of sale, but prices are about the same as last month; 10 o.p. is quoted at 2s 8d to 2s IOd ; SO 0.p., 3. to Ss 2d. Geneva is very difficult of sale, stocks being heavy aud advices of large shipmeuts to arrive, first brands cannot be quoted higher than 16s 6d lo ! lis. Whisky is alsojlower, and nominally 4s fid ; case, 13s Gd. In wines, there is little disposition I to operate, and prices generally rule lower, la the present state of the market, quotations ore nominal* | Teas. — The transactions iu teas during the patt month have not been very important, but as holders E are not forcing sales, prices have been maintained. Congous range from £6 to £9 per chest. I Sugabs. — Stocks are still heavy, and piioes have i consequently given way about 80s to 40s per ton. Mauritius sugars range as follows :— Brown, £22 t o £25 . yellow, £80 to £33 ; orystals, £37 to £40. ' Coffee.— ls not quite so firm, and Manila hae declined about id per lb, the present quotation being 8d per lb in bond ; plantation, lid to 11-Jd per lb in bond. Candles; — The speculation noticed laßt month ' has ceased, and prices are hardly so inn. Belmonts 13d to 14d Nevas, nominal 15d. Rice is not so firm, and has declined about 30a , per ton ; the present quotation for Patua being £20 1 to £26 10s per ton. , Salt continues dull of sale, exoept at reduced. [ rates. A lot of 000 tona of Liverpool, to be takea I atthe ship's side, was sold a few days ago at £3 per ton. The preseut quotation is, however, £3 5a jto £3 10s per ton. Fine salt, £4 10s per tou. I Oilmen's Storks.— -Almost all artioles, and with the exception of jams and jellies, wbioh are inquired for — are in full supply, and prioes rule lower. Tobacco.— During' the past month sales of all kinds of tobacoo have been very limited, with ft declination of prioes. Nothing of a speculative character has shewn itself since last monthly report and our quotations are about the same. The same remark may also apply to the Cigar market, which remains in a most unaccountable state of torpor. A', telegram from Adelaide of the 23rd iust saysTransactions in fiour and wbeat are rery limited, immense stocks on hand. Prioes nominal at £9 15s to £10. Wheat ia towa is quoted at 3a lid.