Markets.
There is no movement to report in oar agricultural pro duce market, though a considerable quantity of wheat and potatoes in still in course of export, and freights are to be had for neighbouring market* from the river. We have to notice that this week the Harp, a schooner of 72 tons, has succeeded in passing up the Heathcote as far as the ferry; this is, as far as we can remember, the 1 argent craft hut has gone in over the bar. Wheat maintains its price of from ss. 6d. to 6s. For barley and oats there is uo sale. The export of the former grain has entirely ceased, more having been grown last season than has been required. VICTORIA. Via Sydiey we have advices to the 16th alt. from Melbourne. From the ' Argus' of the 13-.h we extract the following :— | One of the quietest-weeks of the year hat just passed [ away, daring which the money marker has not been subjected to any movement. Money is still plentiful for advance on mortgage of lauded and house property, at from 10 to 12 per cent. The rates of discount at (he banks are —For bills under 95 days' currency, 8 per cent; from 95 to 125 days, 9 per cent; over 125 days, 10 per cent; a-,if! on overdrawn accents, 10 per cent. There is very little done in commercial paper outside the banks. In wool, tal!ow, and hides, there is nothing further to report than that, awaiting the Hrrival of the mail, buyers and sellers are alike out of the market. A few small sales of tallow, for home use, have been reported at from jtSH to -*"40 per ton for beef, and to jfhi per ton for mutton. The returns of the declared values of goods entered inward* and outwards at the port of Melbourne are stiii tnnsc favourable, when compared with th'ige of last yeur. The value of the exporis is in excess of that of the import of the current year by ; while, during the forme" period, the balauce of import* over" exports was BOOTH AUSTRALIA. From Adelaide we have papers to the 11th instant. The * Register' of that date says,— The same dniness which has characterised the produce markets for a long time has predominated throughout the past week. Large havers of flour are in the market at ; bat as there are no old lots pressing the market, the commonest brand is nnprocnrahle ut that figure. Some f«w medium lots are for sale at 10s., and for really choice best flour -**16 to -^16 jOs must he paid. The Melbourne market appeals, from daily telegrams, to be less dull than it has been, aud it is coujecturtid that the stocks in that city are being reduced to a low ebb. City millers still give 6><. 6d. for wheat, but their operations are, to some extent, nullified by tlie presence of export buyers, who bid 7s. for parcels of thousand bushel lots. One or two contract buyers have to go into the market to ■ complete. We have reason to believe that within the last month no sale of wheat at 6s. has occurred in town.
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Lyttelton Times, Volume X, Issue 618, 9 October 1858, Page 4
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530Markets. Lyttelton Times, Volume X, Issue 618, 9 October 1858, Page 4
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