The Argus of the 26th reports of the Mol bourne markets :—

West Coast Times, Issue 66, 4 November 1865, Page 2

The Argus of th e 26th reports of the Mol bourne markets :—

The closing of tho mails for England to-mor-row morning, and tho necessary call upon tho attention of merchants, interfered with the usual routino of business, nnd a quiot day has, in conscqnenco, been passed in tho import markets generally, few transactions of importance having como undor our notice. To this want of animation, however, tho market for brcadstuffs is an exception. Tho cargo of tho Forrcs, from Valparaiso, which consists of 130 tons of flour and about 7,000 bushels of wheat, changed hands nt L 22 for tho former, nnd 10s. 2d. for tho latter, net. In Adelaide flour, transactions in the morning wcio limited to trodo sales at L 24 10s, to L 25, but towards tho afternoon considernblo oxcitomont was npparcnt, nnd, stimulated by telegrams f i om Adelaide, advising an advauco thero to L2O, speculators entered tho markot and cleared off all that offered at from L 25 10s. to L 26. Wo understand that from four to five hundred tons wero placed at thoso rates. .Transactions in wheat, other than Iho salo already mentioned, havo baon limited to a. small parcel of Chilian, which realised as much ns 10s Gd. Holders now ask very extromo figures, but thoir views aro as yet unsettled enough lo provent us from giving a reliable quotation. Tho Torres brought dates from Valparaiso to 27th July, nnd reports no vessols coming to this colony, the charter of the Pioneer having been cancelled owing to tho difllculty of gotting wheat to load her with. Sho was, howover, rechartored to load flour from Dunedin. It wns likewise stated that tho country was suffering severely from tho effecls of drought, though thoro was still time for sufficient rain to fall to prevent permanent injury to tho crops. The Francis Henty had not arrived when the Forrcs left. Through auother source wo hear that tho Magnolia was loading for tho colonies. Maize continues to advance. Small sides lmvo been mado at 4a Bd, but hoidors refuse to quit quantities at tho price, in anticipation of a still further advance.