Markets.

Lyttelton Times, Volume VI, Issue 388, 23 July 1856, Page 6

Markets.

SYDNEY. (From tho "Southern Cross" June 27.) F Our advices by the " William Denny" concur in repre» sc-nting the Australian Flour aud Grain markets as having a downward tendency. In Sydney the quotations for Flour were as before— „£23 10 j£"Z5, and wheat, 7s. 6(1. to Bs.; but the market ia represented as exceedingly dull with a tendency to some decline. Former are repeated although the supply of wheat is more liberal than for some weeks past, but our quotations are the utmost limits obtainable. The following is from the Sydney Journals of the 20th : The New Zealand wool scoured by Mr. Hayes of the Waterloo j\|ills, called forth the unanimous approbation of the wool buyers; the .prices rouliaed were 2s. B}^d. for three bales of lambs, uud 2s. 3_jd., for twenty-five bales of superior fleece (the highest rutus at which wool has ever been sold in the colony,) and proportionate rates for other descriptions. It must be understood that the qualities of the above were suitable for the fiuc.rU. purposes used in manufacturing, and the wool was the produce of imported German sheep I and their progeny, and is inm-li in request wliencvc it I appears in die English market, and always commands <ii« ) highest prices.

Iv Melbourne, on the 16th inst., the banks reduced the Exchange on England to one per cent, premium. Trade at that date was very dull. The flour was again down, the millers selling town-mudo firsts at _^22 per ton, and Chilian at From Tasmanian papers to the 14th we quote as follows : Wheat is coming slowly to market, and the prices remain steady at Bs. Cd* to Bs. Od. per bushel. We trust our farmers will not hold back their crops until compelled to lake a lower price by the introduction of wheat and Hour from Adelaide and Chili. Flour.—Prices steady at 23/. to 23/. 10s. per ton of 2240 lbs. Potatses dull of sale at 3/. 10s., and no outlet for exportation.