Markets.

Lyttelton Times, Volume VIII, Issue 503, 29 August 1857, Page 5

Markets.

KELSON.

Now that July has passed, we cannot report quite as favourably as we could wish of the commercial activity of the month, and our prior notices have tended somewhat to predict this state of things. It is the natural result of importations in excess of demand that either goods are sold at prices which do not prove remunerative, or that they are held for their value. As in this market sales cannot be forced at reduced prices, or even made at any rates, when the stores and consumers are fully supplied, it follows, as the latter is now the case, that there has been little doing, and but few transactions of moment in the sales of goods made during the month. . . . .

We do not, however, mean it to be inferred that there is anything approaching to a stagnation in the market, but only that business on all hands is being more carefully and wisely conducted than perhaps the first enthusiasm consequent on the discovery of gold in the Nelson Province allowed.

At the Slate River Diggings gold has been found in abundance; and the Tasmanian Maid brought over, on the 29fch ultimo, about 800 ozs., the gain of about ten days' digging by the body of diggers at the Aorere. Those results Haust bring about, during the ensuing months, immigration and great commercial activity. Gold, £3 12s. to £3 14s. per ounce. Wool, none. Wheat, ss. 6d. to 7s. 6d. per bushel. Oats, ss. 6d. to 6s. 6d. per bushel. Barley, ss. to 7s. per bushel. Potatoes, £5 to £6 per ton. Flour, £18 per ton. Bran, 9d. to Is. 3d. per bushel. Sawn Timber, 16s. to 18s. per 100 ft. Shingles, 15s. per 1,000. Laths, 3s. per bundle. Bricks, £4 10s. per 1,000 (delivered). Coals, Massacre Bay, in harbour, 425. per ton. Batter, lOd. to Is. per S»., casks included. Examiner, August 1.