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Commercial Intelligence.

NELSON, Nov. 16.

The price of flour has undergone little, if any, alteration since our last notice, and may still be quoted at £37 a ton, but wheat has scarcely maintained its position, and is dull at 12s. As the quantity on* hand ia ample for our consumption until harvest, and is held by a few individuals, no material change can be anticipated until then, unless dour is required for the neighbouring provinces. Oats are Belling at ss. 6d. a bushel ; hay, of which there is a great deal of tho last crop unsold, £6 a ton ; seed potatqes,£lo to £12. The price of sawn timber has given way a trifle, and 20s. to 21s. per 100 feet may now bo quoted. The retail price of fresh butter is Is. per Ib. ; bacon, Is. 6d. ; new potatoes, 4d. • pease, Is. <sd. per peck ; gooseberries, 4d. per quart ; lettuces, Is. per dosen.

MELBOURNE. Argus Office, Oct. SO. The town milli have raised their quotations to £47 per ton for Chilian flour, and £48 per ton for Haxwell and Gallego. This rise has been caused partly by the increased demand for the gold-fields, and by the intelligence received this morning from Valparaiso via Sydney, that cargoes were very difficult to obtain. Messrs. Bear and Son, in their circular of this morning, give the following report on the Money Market : — " Money has been offered this week at different rates of interest. An amount is advertised to be lent, for a period of not less than seven years, on first-clan freehold securities, at 8 per cent, per annum ; whilst for shorter dates, say from two to four years, capitalists still look for ten and twelve and ahalf per cent., according to the nature and value of the security. As we remarked in our last, most of the loans which have of late been effected are for short dates, and on deposit of deeds. Money can be had for one year, on good security, at the rate of from 15 to 20 per cent. 11

Argus Office, Nov. 1, 1855. An uneasy feeling hai prevailed for the last day or two in the flour market, which has resulted in imparting a further upward tendency to prices. ' Two of tho cargoes which arrived yesterday from Chili are held for an advance, under tho impression that very little more of either wheat or flour is to be expected from that quarter, and, in consequence of the increase in the demand for the supply of some of the gold -fields, there il' every probability that prices will again advance before harvest, and some merchants are disposed to predict that £60 per ton will be reached before that looked-for season arrives. Wo notice that among the imports of to-day *r« S9l bags of 1 wheat from New Zealand.

There have been several extra colonial arrivals today, chiefly of assorted cargoes. The Cantero, from the Mauritius, brings 6,071 bags of sugar.

SYDNEY MARKETS, Octobkb 2C.

Thb Milm. — Messrs. Barker and Co. : Although one or two importations of breadstuff's have come to hand during the week, they have not been of sufficient extent to affect the state of the market. Prices remain as last quoted— superior fine, £45; ordinary seconds, £37 per ton of 2,000 lbs. Bran, 2a. per bushel. — Mr. Breillat : Some arrivals from Chili have ( taken place, which were readily purchased at an advanco on former priceß. Fine flour is now £45 per ! ton; seconds, £42. Wheat, 17s. to 18s. per bushel. Bran, 2b. per bushel. — Messrs. Furlong and Kennedy : Prices have advanced tl ;s; s week, notwithstanding that several importations have como to hand. Fine flour i is now £45 ; and seconds £42 per ton. Wheat quito nominal. Bran, 2s. per bushel. Ahebican Fioira.— Holders of Haxall and Gallego ask 90a. per barrel.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/NENZC18551117.2.4

Bibliographic details
Ngā taipitopito pukapuka

Nelson Examiner and New Zealand Chronicle, Volume XIV, Issue 67, 17 November 1855, Page 2

Word count
Tapeke kupu
637

Commercial Intelligence. Nelson Examiner and New Zealand Chronicle, Volume XIV, Issue 67, 17 November 1855, Page 2

Commercial Intelligence. Nelson Examiner and New Zealand Chronicle, Volume XIV, Issue 67, 17 November 1855, Page 2

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