Markets.

Lyttelton Times, Volume XII, Issue 707, 17 August 1859, Page 4

Markets.

'' . „. '' .■ STIMCKST.. . ' .' ..••.::'■ *TBy the Dart we have commercial ad vices'■'from, 1 South Wales to' the: 29th. 'The state of the i Sydney ■n\arkets: is reported as dull, and there, is in' c-tlie papers of late date -hd'* specific notice-of • move-1 > mont many braiich-of business. ; The following for - the week-ended July^S are :.the? latestquotations. ■ The'Empire'of that date says :~-' ■■■'■>. • / Business during? the week .has-been quite .at a - stand-still owing, to the inclemency Of the..weather; '; and. the festivities on theopeuingof. the. University.- ---" JTo-sales of any importance have -been made pri-- ■ lately'or at. auction. „. . ..',.: '•, >/ 'The chief topicof importance has been the raising nf 'the rates-of discount by nearly all our banking institutions; a movement .we cannot look upon as' otlieruisL" than premature, and in no apparent'way urgent by the monetary position of our community; The present rates of discount are:-1-? per cent for bills -under 95 days' currency; 8 per cent for bills - over 95 days' currency-aud'oinder 125; days; 9 per - cent for bills over: J25 days' currency. - The rateaof exchange continue unaltered. [ The 'Morning Herald'<of the same date adds.— . I Business during : the week has been very dull, and the .transactions that nave taken place are : unimportant. There are several causes for this dulness in our markets. Firstly; the musical festival; secondly, the recent failures that have oc't tfurred; arid; thirdly, the inclemency of the -weather.; Besides this,- the :clmracter of the late news from England is such.as to cause the most rash speculators to be cautious in their transactions, because 'it is evident that, as long as the war continues, money must necessarily become tighter, and the , accommodation afforded in time of peace will have. ! therefore .to he? somewhat restricted. . > 'Flour.-^ The market continues without any alteration. The rise iii Melbourne has not been fully - sustained, b'ut'prices rule higher thanthey do here. It is strange hbSvever that, notwithstanding this i difference in prices, vessels : from Adelaide prefer ■ bringing their wheat to this -market. The millers • continue to^uote fine flour at £27 per ton; seconds £25 per. tori; -wheat, 10s. to lOsj fid. per bushel. , . Liquids.—Ale and porter: The demand for bulk beer is steady,: and first class brands command from JE7.to '.£7, 155., per hogshead. Porter in bulk is not ■ quite so scarce, and price's are unaltered. Bottled beer and 'porter' are without any alteration. In ■winesnye have not heard of any transactions this • week. ißrahdy is pretty: firm, and' Martell's is < quoted-at 11s. to lls.' 3d. Rum: The speculation noticed last week has almost ceased; but prices re- : main firm; 30 o.p. is worth from 4s. 6d. to 4s. 9d. Geneva isrnot so much in request, and prices are a :. shade lower; JDKZ is quoted at 155.; and Key at 15s. 6d. Whiskey in bulk continues dull of sale.

, Teas.—There has not; been much doing in ; teas' this week; good congous, ex; Marion M'lntyre, hayerealised. from £8 15s. to £9 ss. per chest. .. '. ' ;^Rice.—The/market is firm',1 notwithstanding the.: . airrivalof the'_' Kemaiigleii with a large quantity of rice. -Tatna is:worth froni' £21 to £21 10s. per ton.; Java is hot much in request; and js dull of sale. > r Metals.^—Themarket for' general ironmongery is pretty steady,; and,; although business has been dull, prices • remain fully equal to last':; week. Bar and hoop iron are .not much-sought after; and dull of sale at £1 1 per 'ton'-;for.,the • former," ; and. £11.. 10s. per

ton for the latter. There is still a good demand for i- corrugated galyanised.iron, and prices rule from .£2B to £32? per ton:'' Muntz metal is saleable1 at from 12d.( ip'i 13d./ Ewbank's nails are firm; and 'holders - are- nbt; disposed to.< sell except at an advance of , 6 t: per,-.cent,.on last prices, SheetleadisjATorth from '. JE2B,to £30 per ton, ..: . .-■. ..•'; ...'■; •-.■.. „,..,