COMMERCIAL INTELLIGENCE. (From the "Sydney Herald," Sept 6,)

New Zealander, Volume 7, Issue 568, 24 September 1851, Page 2

COMMERCIAL INTELLIGENCE. (From the " Sydney Herald," Sept 6,)

During the week we have expeiienced a tempoiaiy depression, consequent on the absence of carnage, or at least the exorbitant rates demanded, to the interior. Some few speculator!, both large capitalists and needy importers, have taken alarm and pushed sales ineffectually, 01 unnecessary, resulting in a decline on Flour of thirty to forty shillings per ton, and sugar to a similar extent. This applies to forced sales ; privately, consumers have been placed in no better position than heretofore. Teas lemain firm; indeed, fine samples of hysonskin are not to he pm chased even in lots to the extent of 500 chesti *t 775. Cd., with every prospect of much higher rates ruling so soou as theie is a possibility of forwarding goods to the interior. The only anivals that we can look for with TeasSn the meantime, and which must extend over several months, are the Randall, chattel ed at Hongkong, by a Sydney merchant, calling at Adelaide, to bung sugar, molasses, congou and hysonskin teas, matting, &c. ; the Amelia, to sail fabout the 10th June, with sugar and tea, for Adelaide ; and the Flash, arrived the 4th June, returning to Sydney with teas. With our present export trade and limited stocks, we shall not have sufficient teas to cany us into the ensuing year. Thete is still an absence of (peculation. It is impossible to tore* on the maiket except at an imrrense sacniice— the only articles of which sales can be effected at a fair advance are such as aie uaed in the mining distiicts. It. Harnett, Broker. Sydney, Oth September.

GOLD CIRCULAR. Notwithstanding the unfavourable state of the weather, which continued at the mines up to the date of our latest advices, a considerable quantity of gold has reached town during the week. About 1200 ovinces have come down by post, and (he escort yesterday bionght in 3G05 ounces, thus adding £l r )fi\G to the amount pi eviomly leceived. A continuation of such anivals as these must go far to piove that whoever may be failing, many must be succeeding. A laige number of miners have taken a tup from the Turon and Ophir, to the Woild's End, in anxious expectation of gt eater success, but not realising then wishes, J.../e jctnrned to their original diggings winch have not yet been smpassedby any new discovenes. Seveial poitions ol land have hcen taken possession of by parties under the new Government regulations, with the intention of crnshing quartz_ by machineiy, and some very fine specimens of quaitz lichly impicgnated with the precious metal, have been exhibited dining the week to the inspection of our admning citizens. The spots at present appropriated are in the vicinity where the cwt. was found, and fioin evidence indisputable, there can be no doubt that large masses of quartz containing gold exists all over the country, which only require capital and labour to produce a veiy handsome return. Quartz crushing has been found tn California far more piofitable than digging, and the probability is, that as favourable results will follow here. The news trom Victom is confumatory of our last advices, and instances are given of successful mining in that colony. Two 01 three hundred ounces of gold from the Wentworth Diggings was offered toi sale yesteiday, bnt from iti very peculiar character (being much lighter than any yet found) pmchaseis weic obtained with dilhculty— a portion has been placed in the hands of an assayer, and the lesult will be published next week, but fiom a hasty test he considcis it veiy little inienor 10 tilher OphU or lurou. It is gratifying to find the inhabitants of Batlmrst have set on foot :i testimonial to Mi. Hai gravel, whose name must hercaltei be , recoidcd m the ann.tls of colonial history, as the pi.ictical discoverei of gold m Australia.— lt was time that the public boie testimony to the valuable sci vices of thisiiulividn.il, ami the apmopiute place for siicliapiopos.il to emanate is ceitainly that fiom whence it has aiisen : let it be .1 gift that will do ion0111 to the man aud the colony. L.nge p.ncels of gold have bren sold through the week at 00s. fid., and 111 some instances (i7s. lias been niven for veiy tine simples; hut with ovch.mge at the picient rate it is drawing too fine a line to give so high * puce, and pin chasms can only be speculating on the possibility of its being snpeiim in quality to California!!. Account sales of the latter (which went home per Phoenician) aie in town, showing net piocceds less than 09s. per ounce. The account sales published by you on Tuesday last, is one of the most favomable I have suen ; but own fiom that has to be deducted fi eight, nw fiiirance, commission, and exchange, which at 60s (id., would not leave much of a margin foi contingencies. Piuthaseis must also take into comideration the probability of a still fuither leduction in tho Exchange, winch, cannot long cwihuue at its pre*

sent i ale, with (he wool coming in, ami few sales inaKinp to icquira extensile lemittauces. It is not likely, Jhcicloio tut the banks can Utaml long a drain upon their funds *hidi they nevei anticipated, am) ioi which they have not pienaied. The eipoits since oui last liave been— Sept. 3 — Ralph Thompson, toi London «»* ozs. " 4.— Tiaveucoic, loi Calcutta '}>„,L *«' which, at 05s. pel o/., ainounU to /V a , n, o oi M.ikmg the total shipped to this date. , .ISJ.W f- j»«Exchange on Londoa-Di.Uts against gold, 2} per cunt, diiOOllllt. Fi eight. J pet cent. „ . Tr««^ 3 ' * ' Gboror A. Lloyd. 474, George-stiect, Sept 0.

Sydnfy MinKrrg, Friday, SrrTFMBER sth. The Milm.— Mow-, li.iikcr and Co. :— A moderate supply of Mlie.it Ins come to market, lot which Bs. Cd. to 10s. per bushel has been given. Flom, line, £25, .nut second quality £23 per ton of 2000 lbs. Bian, Is. to Is. 2<l. pet bushel. Mi. Breillat: I'Vthe few snull lots ot wheat that have an Wed to maikct dwlng the week 10s. to 10s. Bd. has beel) given. A ste idy business lias been done in flout .it picvious quotations, n unely, W) for fine, and £n lo\ second*, ttiau, Is. Id. to H. 'id. per bushel. Mi. Smait: The supply of wheat his been veiy liiiiitefl, and has hern puich.isud at iiom 10s. od. to 10s. 9d.,4LLOiiling to'qiMlity. riom is dull of sale, but previous 'quotation* aie in in, £-25 fgr fine ,i))i] £'2» loi second quality, pel ton of 200« lbs. ,Stle6 of flom, pui pot tirn; to he fine, but adttltciated with nee, hdve been made in town at a lowei o<;me. Bian,£3 pci ton.