SOUTH AUSTRALIA.

Lyttelton Times, Volume VI, Issue 398, 30 August 1856, Page 4

SOUTH AUSTRALIA.

Subjoined is Messrs. Ball and Cowie's latesj Adelaide mercantile report, dated 31st July :-»—! ■ As soon as the intelligence brought by the "White Swan, yesterday, of a further rise in flour in the Melbourne market was known, the advance in price asked last week -was not only confirmed, but throughout yesterday andtOrdaya large quantity changed hands at still higher rates, establishing the market value atfroni'£2l to £2'l. After so long a depression, this sudden reaction has been taken advantage of by many to realise, and there is rather a disposition to meet the demand readily than hang back for a further rise, it being so well known that there is an abundant supply in. the country to meet the probable wants of both the export and the home trades. Wheat is commaforward freely, and, with a good export enquiry con° tinning for both flour and wheat, the policy that has "been adopted of holding back, now the season is so far advanced, is hardly likely to be pursued further.

Important Cargo from Melbourne to En*giaxd.—The James Baines, which was appointed to leave^Melbourne in the beginning of August, would take 7J tons of gplJ.- Referring to the cargo the 'Herald'^ states—' The most important event of commercial interest which we have this day to notice is the departure to-morrow of the Royal Mail Ship James Baines, for Liverpool, with one of the mostjvaluable freights ever shipped from this colony It comprises besides 300 passengers, 173,539 ozs. gold, 16,454; bags of copper ore, 435 bags regulus do., 1134 cakes pure do., 262 pigs do., 543 bales wool, 570 casks tallow, 314 packages black sand 01 packages merchandise. ' '