SYDNEY.

Lyttelton Times, Volume V, Issue 292, 18 August 1855, Page 6

SYDNEY.

The Sydney Herald of the 21st ult., gives the following in its commercial report :—. The market has undergone some change this week, though probably, neither in extent or importance equal to what would have been experienced had there not have been tbe interruption by the departure of the Walter Hood and Marco Polo. In flour and wheat we have a very material alteration to report; the former has declined £5 per ton, and the latter about 3s. per bushel. Flour may now be quoted at £50 for fine, and -245 for seconds ; aud at which rates holders appear most anxious to sell. We shall, fio doubt have next week to report a further decline ; for owing to the recent unexpected arrivals, buyers are unwilling to stock themselves, except at a reduction from present rates. This, with the enormous margin of profit, we are not surprised at; yet, at the same time, it is our opinion that the requirements of the colony will continue such as to leave all eerealious imports amply remunerative for at least twelve months to come. The Empire of the 12ih ult. has the following in its Weekly Trade Report:— The principal :opic of conversation during the week is the proposed new tariff, which has been debated in the Legislative Council 'luring the two past evenings, aud again adjourned until Wednesday next. Considerable arrivals of flour and grain of various kinds, have taken place since our last report, the greater portion has met with a ready sale at our quotations, whilst the remainder is being stored, in preference to being offered al present prices. A timely arrival of sugars has taken place, consisting of two cargoes from Manila. In eastern produce, we may also mention a cargo of rice and sundries, which came to an excellent market. Further arrivals are expected. Melbourne stocks have also been replenished by the arrival of two cargoes at that port. In ihe spirit market, parcels of brandy of various brands have exchanged hands, at full rales, and our holders are livm for an advance. The demand for ruin is confined to the home trade, without any alteration in prices. In the tobacco market, an extensive sale lias been made, at an advance on first speculative prices; some sales of Barratt's Iwist have taken place at auction, and were considered cheap at 3s. 3d. duty paid ; I.M.L. brand was sold privately at 3s. duty paid; and other hn-nds in proportion. Sales of Congou and HysoiT-kin tea have taken place at slightly advanced prices.