SYDNEY MABKETS.

Wellington Independent, Volume XVIII, Issue 1989, 28 November 1863, Page 2

SYDNEY MABKETS.

Th* following is from the Empire ot the 6th Nov :— • j The majority of the banks have reduced their selling * rates of bills of exchange, at sixty days' sight, to £ per cent premium, and their buying rate to 1 .per cent dis- f count i Produce Satis. — The usual public saleß of produce were 1 held to-day. The woolmarket waß exceedingly flat, and i the high limits placed upon parcels have prohibited sales to any extent, and the few lota sold have indicated a re- s auctian on last week's prices. In tallow there has been more disposition to meet the market on the part of vendors, In consequence of which all the lots offered to-day by auction were sold at prices showing a considerable decline on rates obtained two or threo weeks ago. In the market for hides there is nothing new to report, sales continuing restricted in consequence of unattainable limits. Commercial Intelligence.— -Business has been quiet during th» week, and with the exception of some orders for Queensland and New Zealand the transactions that have taken place have not been of any magnitude. The late failures, and tho disclosures that have arisen in consequence, have to some extent shaken public confidence ; hence there is little desire on the part of importers to sell their goods except for cash. In the present state of affaire, therefore, prices generally are lower, and there is but little probability of any marked improvement taking place. Flour : The market is steady, and quotations are unaltered. Flour ranges from £14 to £16 per ton; wheat 6s to 6s 6d per busheL Liquids are exceedingly dull of sale. In brandy the transactions have been very small. MartelVs is quoted at 10a 6d to 10b Bd. Bum is pretty firm ; 30 op is worth from 3s to 4s. Geneva stocks very heavy, and prices nominal ; first brands are quoted at 10s and 10s 6d. Ale in bulk is difficult to quit, and first brands will not command more than £6 to £6 6s. Porter in bulk is also dull of bale— Taylor's is offered at £6. Bottled ale and porter are dull of sale, and prices range from 8b to ts 6cL 'JCeas : The cargo of the Emma and Mathilde was offered yesterday at auctiou, but only a few lots were sold, the importers not being disposed to accept the rates offered. The small quantity sold brought rather higher rates, but was not sufficient to test the market fairly. Congous are quoted at from £6 10a to £9 per chest Sugars: Dark ration sugars are firmer, and have an upward tendency. Several sales have been made during the week at improved rates. Prices range as follows : Dark brown, £25 ; light brown, £2(5 to £2« ; .yellow, £28 to £33 ; crystals, £36. Coffee is rather firmer. Plantation is worth from 10 Jd to lid per lb in bond. No Manila in the market Candles are exceedingly dull of sale, and are likely to continue so. Belmonts, ll£d to 12d. < Sales of light weights (foreign) have been made during the week at lOJd per lb. Rice : There is very little doing in rice, and best Patna continues to be quoted at £19 to £20 per ton. The cargo of Calcutta rice per Elizabeth is daily expected, and has been offered privately ; and this, of course, keeps the market in an unsettled state. Salt is dull of sale. Liverpool is quoted at £8 &s to £3 10b per ton; fine salt, £i 10s to £4 16s per ton. Oilmen's stores continue very dull of sale, and prices are nominally the same as last week.— Herald.