SYDNEY COMMERCIAL INTELLIGENCE.
Herald Office, Friday Evening, November 4. Notwithstanding the almost daily arrival of merchandise, the markets remain firm and the demand forneaily all kinds of goods continues brisk. Prices, however, with some few exceptions, ru'e rather in favor of the buyer. Teas are being held for higher rates, some holders declining to sell at present prices. The quotations, at which small parcels are changing hands, are £G for congous, and about £5 12s. 6d. for hysonskins. Sugar continues dull, and with very little prospects of immediate improvement. There is no material alteration in wines, spirits, or beer. Brandy, notwithstanding the recent heavy shipments to this port, remains firm at about 12s. 6d., and holders still look forward to an advance. Cigars remain steady at 755. for No. 2 Manila, and about 60s. for No. 3. Tobacco has a slight tendency to improve. The arrivals for the week, exclusive of our regular traders are:—ship and a barque from London; barque from Liverpool ; ditto from Glasgow; ship from China, via Melbourne; brig from San Francisco; two brigs from Valparaiso; and a barque from New Caledonia. The whole bring cargoes of the several descriptions of merchandize belonging to the respective ports from which they sailed ; except, however, the .Rajasthan, from China, which brought no tea, Friday Evening, Nov. 11. The continued absence of the mail, combined with the unsettled state of the weather, and the difficulty, for want of conveyance, of executing country orders, Las had the effect of limiting the transactions of the week and occasioning a degree of dullness; which, however, it is gratifying to observe, has not been ac-
companied by any material change in our former quotations. There are, it should be noticed, some few exceptions to the general depression; the most prominent of which is perhaps the article of tea. In this there has been an advance of about 10s. per chest;. With regard to those items in our imports for which we are entirely dependent upon extraneous resources, we con'ess that, notwithstanding all that has been said about overabundance, we should be rather inclined to encourage than discourage their continued shipment; for, with the evidence before of so vast an increase in the demand, added to the fact of the shipper not being entirely without sagacity in the matter, we are not readily disposed to believe in the possibility of our market being, but for a limited period, overstocked. While upon the subject of demand and supply, there is one point we would notice, which was exclusive reference to the retailer. At the present time numbers of tradesmen would appear to be charging their goods, more particularly manufactures, al precisely the same rates as those ruling during tne late scarcity; now, considering that there is a reduction of about 20 to 40 per cent, and in many portions of drapery stock, even more, we are at u loss to understand their justification for such extravagant profits. The public cannot be ignorant as to the altered value of goods in the hands of the meachunts ; hence arises a natural feeling of jealousy at the retailer’s apparently excessive charge, followed, hs a matter of course, by a permanently restricted consumption—alike injurious to shipper, merchant. retailer, and consumer.
Exchange—Bills on London, at 30 days’ sight, buying rate, 2 premium ; selling ditto, par; Victoria, buying rate, 1 premium; selling ditto, 1 discount; South Australia, buying rate, 1 premium; selling ditto, 1$ discount; New Zealand, buying rate, 1 premium; selling ditto, 2 discount. All notes issued by the above located banks, not payable in New Toulh Walts are subject to a charge of 2.j per crat discount. Bills not having more than 100 days to run, 4 per cent, per annum ; and above that period 5 per cent. Empire Office, Friday Evening, Nov. 11. We publish, on another page, the report of the fifteenth annual meeting of the Union Bank of Australia, held at the office of the Company in London on the 18th of July’. A glance at the balance-sheet of this Company will supply another striking comment on the amazing prosperity which ha attended the monetary institutions of the colony since the new era of our commercial existence which was fixed by the gold discovery. The declared amount of profits for the year 1832 was no less than £'272,377 !7s. Bd. The proceeding* of this meeting will be found generally interesting, as showing in various ways the substantial character ol the monetary affairs of the Australian colonies
There is no event of particular interest to note in our domestic transactions; and the various circulars and reports, as usually published, will afford a pre<ty clear exposition of the Sydney markets.
Of the arrivals during the week several here from New Zealand ; and the intelligence from that colony, by each successive mail, inspires stronger confidence iu its productive capabilities, and its ultimate importance to the Australian communities, as an agricultural tr7SYDNEY MARKETS. — Friday. Nov. 4. The Mitts. —Messrs. Barker and Co.: For the'few loads of wheat which have arrived since last report advanced rales have been demanded. As high at 12«. 2d. has been given for good samples. An importation from Port Fairy realised 13s. Flour remains at 271. for fine and 251. for second quality, per ton of 2000 lbs. Bran Bs. 6d. per bushel.—Mr. Breillat; A few small lots of wheat have arrived to market, and for the best samples lls. to 12s. per bushel has been given, flour is steady at 271. per ton for fine, and 251. eeconds. Bran 3s. 6d. per bushel. —Messrs. Furlong and Kennedy: Very few loads of wheat are now arriving, notwithstanding the comparatively fine weather of the last few days: 12s. p tr bushel is freely given for sound wheat. Flour is firm at 271. for fine with an inclination to advance. Seconds 251. per ton. Bran 3s. fid. per bushel.— Messrs. J. and H. Hayes’ (Aibion Mills): In consequence of the scarcity and high price of wheat, fine flour has advanced in these mills to 301., seconds 251. per ton Bran 3s. 6d, per bushel. A parcel of imported wheat is reported to have been sold at 13s. per bushel. Biscuit. —Messrs. Wilkie and Co’s quotations are, for cabin biscuit 385.. pilot 325. and ship 28s. percwt.; meat biscuit 21s. per tin of 30 lbs. SETTLERS’ WHOLESALE PRICE CURRENT. (From th« Empire.) Wheat.—los to lls. Flour.—Fine 271., seconds 25/ Maize. — lOe. 6d. to lls. 6d. per bushel English Bariev.—None in the market. m •* r ~* \pi.»i ■ 1 ‘ ffr — A* Omam ksadli/J _________ Cheese.—From fid, to 7d. Bacon and Hams.—From 7d. to Bd. Eggs.—From Is. fid. to Is. 9d. per dozen. Fat Pigs.—From sd. to fid. per lb. Calves.—From 20s. to 30s. Sheep.—From 10s. to 12s. and Is's. Bullocks.—From 51. to 71. Tallow.—From 301. ,to 40/. Hides.—From 9s. to lls. Tobacco.—From Bd. to 9d. per lb. » Hinny Ferris, * Commission Agent. Pitt-street, 11th November, 1853. Wheat and Flour,— Sydney Flour Mills, Jltfa November, 1853.—Mr. Breillat reports The market remains without alteration, previous prices being steadily maintained ; best samples of wheat lls. to 12s. per bushel; fine flo ir, 271. per ton ; seconds, 251. ditto bran 3s. fid per bushel. Victoria Mills:—The quotations of wheat and flour at tliese Mills have undergone no alteration since last report, wheat is still in demand at the late advanced prices, but the supply is very limited, a prime sample of wheat is demand at 12s. and 12s. 3d. per bushel, fine flour per ton, 271. • seconds ditto ditto, 25/. T. Barker and Go’s report• —There is still a brisk demand for flour at the advanced rates, quotations have undeigone no change since last week's report, which were, for fine flour, 27/, per ton ; second flour 251. per ditto; wheat 12s. to 12s. 3d. per bushel. Bread. —7d. the Sib. loaf.
Leather. —T. Hall and Co., report that their price* have undergone no change since last quotations, which were as follows: Heavy sole leatSUr, per lb. Is,; kip leather, 2s. 6d.; black and bronzed harness ditto. Is. fid.; calfskins, 55. ; kangaroo ditto, 70s. per dozen heavy kangaroo ditto, ss. per lb.; green kangaroo ditto, 695. per dozen ; grain leather, 2s. 6d. per |b.; bag ditto, 245. per side ; bridle ditto, 245, ditto; sadlleas basils, 15s. per dozen. Patent Goods; Enamelled hides, from 30s. to 60s. each ; enamelled sides, 25«. to 30s, each ; enamelled kangaroo, 725. per dozen; bides, japanned, from 50s. to 60s. each; sides ditto, 255. to 305.; basils ditto, 48s. per dozen; kangarooskin ditto, 725. per dozen ; middling japan, 3s. per lb.; japanned miner's belts, 245. per dozen.
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New Zealander, Volume 9, Issue 794, 23 November 1853, Page 2
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1,431SYDNEY COMMERCIAL INTELLIGENCE. New Zealander, Volume 9, Issue 794, 23 November 1853, Page 2
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