Markets.

Lyttelton Times, Volume VII, Issue 477, 30 May 1857, Page 7

Markets.

■' '.;■.'.;'.■'";■"■■■. ;wEii]LiN6Tpif. .. .■-'■■;■■ Mew™. H. J. Duncan & Cp. had a Bale on' May 7, a* which 13 bales of wool brought la. 6d.' pet Wi, 4 bales dq. Is; *j<J., 1 baje (ingre^e) >».,• said 1. bate y?**bed wool, 1.H." 6|d., the lat;ier beings we,believe, tty? highest price ever ontain^d in Wellington. The same firm also 'sold. 1 ton of , Port Cooper Piotfr at >15v and 6.J •toasat j^lt) to jfl9, ■ together with a variety of other goods and.'2 raonft of book*, ■ all. of which foaud purchasers at fair prices, ..I'he only other Hale wbr held by Mesars. Johnston & Cr>. yesterday, ■when 5 bales of wool were dffered; and which being a very , flnesampje againbrought the unusually high p.iKejof-l*. 6|d —• Spectator? May 9. "',."'' 'The increasedactivity noticed in our last report, has been still mpjre, apparent; in the transactions of the past-week. One of the largest vales it has fallen to our loi to report, or probably the largest, was held on Wednesda^' by 'Messrs. R. .1. Duncan &Co , at the stores-and for account of' Messrs. W. Hicksori ft Co. The attendance of buyers, was, large, and amount of goods sold (principally Eastern produce, the ■ importations of the " firm from Sydney), considerably exceeded .^■?000, and is even said to hive approached to ; -i'3ooo. Everything offered was sold and fully average prices realized for the .whole./' The state of the Grain and Flour markets is very peculiar and exceptional at present. Owiiig' Jo the continuance ofdry/ weather th? mijjs sire quite unproductive, and thus flour is worth fully per ton, while a large purchase of wheat; (2006 bushels) bag been effec{e,4 ftt^s. C4 ; m One holder of wheat that we know of is not disposed to submit to this very low rate, and very short time may make a material alteration, an a few days rain would vet. the mills at work again, and. at the same time reduce the price of flour and cause the wheat to look 1 up.—lbid, May Id; • -'■ - : ■..;'• \;.v •■■ :■..:' Sydney.., '- ..- ---,' . Wheat and FLOUBi^-Importationß of breadstuff's coij- ' tinue to arrive ;. but in the present state of the market the ; importers prefer storing to selling. Wheat is nominally at " 9s, 6d; per bushel,- but none is sent to market. There is too much reason to believe that the entire crop or nearly so ■ wax destroyed (so far as making flour is c.oncersed), by the. wet; in consequence whereof the.millers have been com*, celled to look abroad, and some of the recent importations' ■ have been to their order, as well as considerable quantities ■understood'to be;, on the way. Flour is firiDatilS for ' §ne; secpjjd quality j bran, Is. 3d. to ■!«.: 6d. per bushel. . , , ■".,,.-. Bhead r^-sd, per 2-ft loaf. ! Wool.—The arrivals since our last report have scarcely > been' an average! .of sevetalpreceediug weeks, even, during ; the late inclement weather, and.tjle whole quickly dusapi peared at very, remunerative prices to the growers,'which* | especially applies to a few parcelß of very good quality, i whica" "were quitted -privately iv the early jjart of the week. The buyers geaerallj ;a,re looking^ forward with much anxious inte.'est to the aririyal of the next mail with the report of the February sales in London ; and anticipations of-high rates still prevailing being very generally entertained, sales progress with much spirit for all classes. SriEEPSKiNB.—A* conside-bible portion of the week's s.-qpply consists of station skins, and in tlie aggregate amount to W'large .quantity, which being, bowever, met by ; alirisk competition, late rates are fully maintained. Taliow.—Only a moderate quantity yet appearing, quite inadequate to meet the demaeds for shipment and th,e t,own trjide, prices are firmly supported, but 4E49 ha,s not been exceVde.4 ey.en for the b^st parcels. Np mutton tallow on the market —' Empire.' MaY 2. Flourand breadstuffs are-genßrally.depressed, owing'tothe hftavy arrivals during the Vast ten days; we notice that large parcels have arrived, consigned. to ?] aud bought on account of oqr princjpul millers, but the owners of cargoes purchased on speculation seem rather inclined to hold, and even,store for higher rates. It would be impossible to give a correct market quotation, btit we Biay,#tatß that, not; withstanding the-extensive arrivals, the general feeling seems to be in favour of a rise, the more so as some districts northward from whence we have been in the habit of rec«ivins supplies, are at present purchasing in this and other-colonial markets^T—'Empire,' Way 5. Our advices from Adelaide are to the 23rd ultimo. We (' Empire') are obliged by the following extract of correspondence date^l the 2[3rd instant: — - . "The, price of w^ieat, which had rispnto *6s. 6d., bas ■fpb^equent'y give',n way. arid large purchase") have been ijiade at ss. lOd; toss. lid. It was confidently expected tha.t,wbpct would be purchased lower yesterday, but this was prevented by a new purehaßer buying largely in town at 9d., which is ss. lid. at the Port." ' ;