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SYDNEY COMMERCIAL INTELLIGENCE, April 8, 1853.

Arrivals at Sydney from the neighbouring colonies had been numerous during the preceding month, and comprise amongst others, tiro vessels from Hobart Town with malt, lime, potatoes, &c, two Tessels from Adelaide with 41 toni flour and a few sundries, one Tessel from Warnambool with 2,000 bushels wheat, five vessels from New Zealand with 300 ions potatoes, 100,000 feet town timber, oil, flax, butter, Sfc, Sfc, and the usual number of steamers and sailing vessels from Port Phillip with passengers, gold, 320 tons flour {nearly all American), &c., &c. AH goods suited to current wants had again advanced in price in almost total absence of stocks, and the limited scale of imports. The heavy orders from the southward, and the active consumption in Sydney itself, preclude the likelihood of any immediate serious decline from the present extravagant range of prices. We beg to direct particular attention to the quotations for all articles of New Zealand produce, and it will be observed they are most encouraging : there is little doubt, had we a belter supply of labour at present, our trade could be safely increased to an enormous extent beyond what it now is. The time has arrived when this vital subject to our future prosperity should engage our serious consideration. There are orders in Wellington for timber and produce which, at our present rate of supply, can not be executed for twelve months. Another serious drawback to our advancement is the small number and insufficient character of our coasters ; they are totally inadequate to our increased requirements. We offer these remarks through our columns, trusting that the attention of the public will be aroused, and a remedy forthwith appliedsupineness on these matters at such a favourable crisis in the history of the settlement and the colony would be culpable in the highest, degree. We subjoin a few of the recent quotations on leading articles, upon which reliance can be placed: Freights— to London, without alteration, wool, id. to 5-Bths perlb.; oil, 555. to 605. ; gold, $ per cent, per sailing vessel.— To Melbourne, steady at 40s. per saUing vessels discharging at the wharf.— To Adelaide, dull, at 455. to 605.; to New Zealand, 455. to 505.; to Van Diemens Land, 40s. to 455., but little doing. Exchange on London — The Banks drawing at one per cent, premium Gold— The receipt had slightly fallen off, but was attributed to the new gold regulations, which induced many to proceed to Victoria. Wheat and Flour have advanced considerably in price, country supplies continuing small. At the commencement of last month millers bought at £20, 10s. A quantity of American flour mostly out of condition sold at 355. to 525. per barrel; merchants are entirely without stock, and the mill price for flour is now firm at £27 per ton. In the absence of arrivals a further advance mu3t take place. Only fifty tons flour were exported in March, forty of wh eh were to New Zealand. Sugar— Holders are fi>m at £20 to JE23 for Pampanga; good grocery, Jr.«, or Mauritius continue very saleable at ,627 to £33; white -Java, China or Siam, would meet a ready market, stocks having quite run out.— Kenned has been less animated, the advanced price for Colonial having stopped exports.— Good English worth Bd. to BJd. per lb. Tea, owing to only one arrival, had advanced considerably; good quality Congou, 90s. per chest; stocks very light Coffee continnes scarce ; at auction a parcel sold on 31st March at 10£ d. per lb. ; 1000 bags are reported to have arrived at Melbourne from Rio. Rice— Sales of ordinary Patna at 20s. per bat ; no Carolina offering. Spices— Small lots only have arrived, and been sold as follows, say 50 boxes good black pepper at llf d. perlb., 10 chests cassia at 21d. per lb., 28 bundles C 1^ n T° n 2S * *' d ' ? er lb -» 3 cases mace at 19d. perlb., WOO lbs. very inferior nutmegs at Bs. per lb. All kinds are m brisk demand at high rates. Sago— Little doing; a parC el in first hands held for o^d. Oilmen's Stores— Continued export demand, and dealers stocks exhausted. Pickles, pints and quarts, of approved brands, 14s. and. Lite, per do*, respectively, but with no probability of prices advancing beyond this. Sardines 325. 6d. for halves, 245. for quarters, per doz. tins. Bottled fruits, none offering, prices nbminal. Salmon 2s. JJd. per lb. English cheese, Is. Id. to Is. 3d. per lb. 1 lb. mustards, 125.; 4 lb. mustards, Bs. 6 ' ?e? e L OZ ' Colm an's Mue, 1«. Starch, 4Jd. Oatmeal, 21s. to 225. Hops— Enquiries for export. Currant* — lid. per lb. Raisins — 5Jd. to 6d. Dried Apples— 7jd. Barcelona Nuts— ls. 3d. per lb. Figs — Muscatels and almonds much wanted, and would bring extreme figures. Candles— A lively demand for Belmont sperms ; limited Btocks; colonial moulds, sfd. to 6d. without boxes. Soap— Steady demand, £32 without boxes. Salt — £6 to £7 for coarse and fine. Soda — For washing, none in the market. Fitch and Tar — Scarce and much wanted. Otis— Sperm £75 to £80; black, £32 to £33 Paints— White lead, No. 1, £28 to £30. In other kinds little moving. Spirits— W.l.B.P. Rum has advanced considerably, say to 4s. 3d. Strong E.I. is without alteration, 3s 3d. Brandy, market is quieter, and business confined to holders supplying the immediate wants of consumers at 10s. and 17s. Geneva, 430 cases aold at auction 235.0 d. Stocks are slightly heavier. Wines — Port and sherry have risen as stocks are reducing. Ate and Porter— Very difficult to obtain at £9, 10s. for bulk ; porter, .£10 ; and £10, ss. for ale ; and bottled 14s. to 17s. per doz. Cigars — A temporary decline, and again firmer in consequence of the excessivo demand for consumption and shipment. Tobacco is improving ; Barrett's 2s. 3d. ; Kerr's Is. 3d., and good keg Is. 2d. Sawn Timber — All kinds scarce and much wanted. Prices are nominal in the absence of transactions. New Zealand Kauri boards sold on the Bth April for 425. per hundred. Rope — N.Z. small sizes wanted at last quotation ; Europe £42 per ton; Manlia quite bare of; woollashing £18. Maize — 11s. to 12s. per bushel. Oats— Very saleable at lis. 6d. per bushel. Potatoes— Steady at £10 to £11. Colonial Bricks — 90s. to 100s. per thousand. Hay— £l2 to £15.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/NZSCSG18530504.2.6

Bibliographic details
Ngā taipitopito pukapuka

New Zealand Spectator and Cook's Strait Guardian, Volume IX, Issue 809, 4 May 1853, Page 3

Word count
Tapeke kupu
1,064

SYDNEY COMMERCIAL INTELLIGENCE, April 8, 1853. New Zealand Spectator and Cook's Strait Guardian, Volume IX, Issue 809, 4 May 1853, Page 3

SYDNEY COMMERCIAL INTELLIGENCE, April 8, 1853. New Zealand Spectator and Cook's Strait Guardian, Volume IX, Issue 809, 4 May 1853, Page 3

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