COMMERCIAL INTELLIGENCE.

New Zealander, Volume 9, Issue 756, 13 July 1853, Page 2

COMMERCIAL INTELLIGENCE.

[From the “Sydney Herald,” June 18.] As the winter season advances, large numbers of th labouring class leave the diggings and draw in towards the towns, causing a temporary decline, or at least an abundant supply of labour, offering every facility for carrying out public works, improving &c, The late rains, which have fallen very heavily in the country of Cumberland, must have cut i}p the road* considerably, thus offering another obstacle to settlers f rwarding produce to market. The mineral wealib of the colony is immense, but is greatly by the heavy rates of carriage to Sydney. The recentlr discovered Copper mine, being worked by the Messrs Samuel, is turning out very rich ; one piece, weighing nearly half a ton, is now on the road for Sydney. There is a full supply of Goods in our market, which accumulate in consequence of the difficulty of forwarding them to the interior. During the winter months we must look for a dulness in trade, but a very considerable reaction from September out; in the mean time storeage Laving increased to a very high rate, importers' are compelled to push sales, and the auctioneers are completely overdone with goods. This having become generally known, has caused a very unfavourable reaction in our market, and the decline in price of very many articles is still going on. Our Tea market is becoming very bare of fine qaslities and the rebellion in China, it is supposed, will cause a decrease in the supply. Unless large quantities come forward, of which there appears no prospect, Teas must rule very much higher. Some holders of sur very limited stock refuse to operate in the mean lime. Sugars are costing very much higher rates than we have known for some two or three years past, laid down in Sydney from Manila, freights and exchange being particularly against importers Ale and Porter are very dull of sale at recent quotations; sales are only effected at remunerative rates. In bottled; better price* rule, but the demand is limited. Dried Fruits of ail inscriptions continue very scarce, and rule at high rites Almonds, Nuts, Apples, Raisins, Currants, Figs, &c. Currants, it is expected, will realise an enormous price as the winter advances, owing to the disease of the vine and consequent short crop, and the increased demand on this side. Provisions come forward in very large quantities by the States’ ships to the neighbouring colonies, but their increased consumption appears to keep pace with importations : prices, though not extravagant, are very remunerative. Bags, both hemp and gunny, are scarce. Canvas, and all Dundee manufactures, leave extreme profits to shippers. Brandy: Sales have been heavy during the week, but no advance to note ; 14s, 6d. to 15s. 6d. for Hennessy and Martel!, pale and dark ; and cases, 30s, to 345, Butter is quoted at is. id, to 2s. 3d. for Irish. Candles are in brisk demand—Belmont and sperm: Sales of the former are reported at Is, !Od. Cigars are dull. Coffee is very scarce. In the absence of arrivals the market must assume its former position, say lid. per lb. Copper sheathing is in demand, and for light sizes extreme rates rule. Our copper mines will, it is now supposed, prove immensely rich, and, with labour at 8 reduction on present rates, highly remunerative. Fish —the consumption is very heavy, bat prices are easier. Flax now goes at, and may be quoted, about £2O, and lashing at £26 per ton ; but no heavy operations. Flour is nominal—the commencement of heavy importations is at hand ; several thousand barrels are unsold, and advances from Melbourne give us some forty to fifty thousand barrels of floating cargoes in that port. Geneva may be quoted at 225. to 235., but no heavy operations. Hamburgh vessels may be daily expected with large parcels, as the ice would break about February and March, when Dutch and German ships would both leave for our port. Iron, of various suitable sizes for present demand, bears an extreme advance. Lead also commands a large profit. Liquorice is very scarce. Molasses : Distillers are in a position to take off very large parcels at remunerative rates. Nails are in de* mand. Oats, Barley, and Maize have been quitted at lower rates, owing to a pressure on the market of imported lota. Oilman’s Stores are easier. Irish Pork is reported sold at 105s.—110s. Rum: Sales hare been heavy during the past few days. Salt: Sales are reported at £B, with a brisk trade. The past wet weather has impeded the operations of colonial manufacturers. Shot, scarce. Slates, very scarce. The Sugar Refi* ning Company are again making crystals at 455. p e * cwt.; prices are quoted at 38s. 6d., and loaf and crashed at 9J. and Bci. per lb., with a large trade. Timber continues to rule extremely high. Wines are in brisk demand, especially low Ports and Sherries, Tarragon* and Tenenffe. Zinc is scarce.

R. Harnett, Broker.

SYDN EY MARKETS— Friday, June 17. , The Mills.—Messrs. Barker and Co.: 'lhere *iw been a rather sunnll supply of wheat this week; for good samples the average price is about 7s. Great dulnes* pervades the flour market, in consequence of the l*rg e 1 importations. Prices remain without alteration; nne £2O, and seconds Jt 18 per ton of 2000 lbs. Bran per bushel.—Mr. Breillat: The state of the weather has prevented any wheat coming to market. The pn c3 may be quoted at about 7s per bushel for samples. There is no further alteration in flour, *■ e mills still quoting £2O for iine, and £l.B for seconjb with a downward tendency. Bran Ss. per bushev— Messrs. Furlong and Kennedy : No alteration hastakeP place this week, flour being quoted at £2O for flne>ab £lB for seconds, per 2000 lbs. The average price ® sound wheat may be quoted at about 7s. per bushel.-" Bran 3s. per bushel. Messrs. J. and H. Hayes (j* biou Mills) : There is no alteration in the price eit e r of wheat or flour during the week. The inclemency e the weather has prevented any supply of wheat comma to market; for best supplies, 7s. per bushel would freely given. Fine flour, £2O per ton ; seconds, £ Bran and pollard 3s 1 6d. per bushel, and very scarce. Stock for slaughter. —Owing to the heavy nun* the last week, causing the rivers to rise, and recderi g the crossing with stock impracticable, very few s3leS . stock have taken place since last report. The horn stock on butchers’ hands from former purchases bav’ » however, been fully equal to the demand feu beef, sheep have arrived, and are still of course very scarce, it is, however, reported that a considerable number st waiting the subsidene of the flood, in order to cross Nepean at Penrith. __