[By Telegraph.]

Tuapeka Times, Volume VII, Issue 369, 1 July 1874, Page 4

[By Telegraph.]

Melbourne, June 20. — Import markets dull. A telegram from Colombo reports that coffee is advancing, and also in the English market. A telegram from China reports that the Foo-Cho^ market opened three taels higher. Two steamers are loading for the Colonies. An inquiry sprang up here for teas, and large sales were made. Oats are in good request. New Zealand milling, 5s 8d ; feeding, 5s 4d. New Zealand malting bailey, 6s 6d to 6s 9d. Owing to recent telegrams, currants advanced, holders reusing i.v quote. Sugars are in ' mnderaate request. Kerosene is a trifle firmer. Wheat, firm at 6s 5d for prime samples. Liquids are dull. A parcel of New Ze?land flax sold for Ll9. New Zealand four per cents, in the market at LBB. The failure of Pickersgill and Co., wine and spirit merchants, is announced, with liabilities of- L 5,900. Several other failures are reported. London, June 16. — The wool sales conclude or Tuesday. An increasing firmness was shown towards the close of the series. Port Philip has improved to March prices ; Adelaide and New Zealand greasy share in the recovery, but Sydney washed fleece is neglected. Foreign arrivals were not s» large as to depress the corn market. Fine qualities of Adelaide wheat fetch 64s to 65s per 4961b5. New Zealand hemp sold at LlB to Ll9. A cablegram dated the 18th says the Bank rate of discount is reduced to i\ per cent.