Markets.

Lyttelton Times, Volume VII, Issue 500, 19 August 1857, Page 5

Markets.

WELLINGTON,

We take the following commercial information, from the papers brought by the Salopian. The Marchioness, which sailed this morningl, has taken a full cargo of produce to Melbourne, a circumstance we notice with great pleasure, both, for the sake' of our farmers and other cultivators of the soil, and also for the sake of the justly respected master of the vessel, who is thus, at length, finding remunerative employment for the ship, while so usefully engaged in carrying the mails for the southern provinces of New Zealand. We had written, the Wellington mails, hut were at once reminded that, although Wellington only pays for the service, all the sister provinces participate in the benefit. Sales this week have not been very numerous, nor do' the results present many points for remark. Messrs. Stewart, Kinross & Co., sold, on Tuesday, a large quantity of furniture, which only realised about London prices; paintings, which brought a small advance; waterproof clothing which, in spite of the wintry weather, only netted about half the invoice cost; Highlanders' shoes, a very unsaleable article, at only 2s. per pair, and preserved salmon at lid. to Is. Id. per fb. On Wednesday, Messrs. Bethune and Hunter sold, at the stores of Messrs. Levin & Co., 16 tales of wool at Is. 7U., 3 -bales at Is, 7id., 3 bale at Is. ljd., l~bale at Is. Id. per ft. Growers may well' congratulate themselves on such prices, and it certainly is satisfactory to observe that, notwithstanding the unfavourable symptoms of the English market, the confidence of merchants in this, our staple report, remains unshaken.— Spectator, Aug. 1. The Mills.—-An advance has taken place in the prices of both wheat and flour since our last quotations. This has been caused in a Measure by the advance that has taken place in the Colonial markets; affording a small margin of profit to our exporters. Our stopk of wheat has consequently teen somewhat lightened by exportation, 3,000 bushels ■ having been shipped this week in the Marchioness for Melbourne. The prices quoted at the mills are generally 7s. 6d. to Bs. for wheat, and £22 per ton for flour.-— lndependent, Aug. 1. The Hutt Market on Wednesday attracted a considerable number of persons, and a fair amount of business was done. Mr. J. H. Wallace sold 5 yearling colts, at £17, £20, £21, *-38, and £40 each; a Hghi spring cart and Harness for £29; saddles at 245., 505., £3 10s. ?

and £o 6s. esch ; 10 cows at prices varying from m to £10; 2 bullocks at £7 and £7 10s. each ; 2 steers at £3 3s. and £3 10s.; 12 year lings at from 35a. to 465. each; besides a lew pigs and sundries. Messrs. R. J. Duncan & Co. took advantage of the day to sell some household furniture and effects, which realised fair prices. They also sold at the market a horse belonging to a native by his request; the horse brought £30, and the former owner was very well satisfied, and paid the usual commission cheerfully. Several other natives wished to do the same thing, but the sale of furniture interfered. This is a new but gratifying feature, as showing how rapidly the natives are conforming to European customs and modes of dealing. Iv town Mr. Allen sold a miscellaneous assortment of articles on Monday at satisfactory rates. Messrs. Bethune & Hunter's sale on Tuesday was postponed in consequence of the Eesident Magistrate's Extension of Jurisdiction Act. On Thursday that firm sold the schooner Caledonia for £100. The Steam Navigation Company were the purchasers, and as they intended to use the vessel as a coal hulk, they immeadiately re-sold a portion of her sails and spars, which brought about £25. Upon the whole we have only to remark that there seems an almost entire absence of anything like speculation, so that business is limited to present wants. Spectator, August 8.