Markets.

Lyttelton Times, Volume VIII, Issue 492, 22 July 1857, Page 4

Markets.

Chbistchuiich.—On Saturday last considerable anxiety prevailed among holders of wheat to learn the offers which might be made on the strength of .the news received from the Australian markets by the Queen of Perth. It seems that the^ very high figures quoted for other produce induced wheat to be held for a similar advance, for although 6s. was freely offered, no transactions took place. Farmers and others should recollect that at the latest advices from Australia, the American cargoes of flour were only beginning to arrive, and that in the face of the extensive supplies to be expected from that quarter, both in Sydney and Melbourne, the price of wheat is not at all likely to rise any further. An opinion is freely expressed in well informed quarters, that holding f or a higher figure than is at present oifered will merely have the effect of stopping transactions for export altogether. The price of flour has been raised by the millers during the week to £18. In oats nothing is doing. The small quantity in the market is not coining forward, unless an extremely high figure, similar to those quoted in the Australian markets, is offered. 7s. 6d. has been offered and refused. Potatoes are coming forward in considerable quantities, and are quitted freely at £4 S S , per ton. We have to notice the commencement of an export of tallow. Besides a small shipment lately made to Melbourne, 16 hlids. (about 4 tons) of tallow have left the settlement. The price may be quoted at about £42 per ton. This is an article of export to be encouraged, as well as that of hides, now very dear in the English market, owing to the murrain prevailing in the East and North of Europe. An extensive^ sale of cattle, among which were some choice animals of very superior breed, took place at Charteris Bay, on Monday last. The cattle were the property of Dr. Moore, and the Auctioneers were Messrs. F. IS". Campbell and Co. The prices fetched were, after the first few lots, very good. A very superior short horned bull; bred in the colony, fetched £90, and one of the imported cows £55; both were purchased by Messrs, E. and G-. Ehodes. A number of steers of various ages were much sought for, and ranged from £5. ,10s. to £7. Heifers averaged about £5 10s.; but some well bred animals fetched £14 and £16, and one beautiful heifer was knocked down for £22. One pair of working bullocks was sold for £30, and "another pair for £40. A lot of pigs also fetched good prices. The sale, which was for cash, realized close upon £1,100. Ninety head of cattle were disposed of in all.