SYDNEY.

Daily Southern Cross, Volume XXII, Issue 2809, 27 July 1866, Page 3

SYDNEY.

The Sydney Morning Herald of the 17th Julysays :—: — The half-yearly meeting of the Sydney Exchange Company was held to-day. A satisfactory report was presented and adopted, but no dividend was declared.

The -wrecks of the schooners ' West Hartley No. 2 ' and the ' Carnation ' were reported to-day. The former is insured in Smythes office for £1,700, and the latter in the Victoria for £300. The steam-tug ' Bungaree was insured in the Pacific for £5,000. A portion of this sum is reported to be re-insured. Private advices by the 'Bombay' have tended to dissipate much of the anxiety occasioned in commercial circles by the mail telegram, and so far as can yet be ascertained none of the Sydney houses are affected by any of the English failures that have recently occurred. The confidence felt by the banks in the soundness of our commercial affairs is evidenced by the fact that there is no intention to make any alteration in the rates of discount. Exchange on England has been raised, and the rates by the outgoing mail will be, for bills at 60 days' sight, 2 per cent, premium ; 30 days, 2i per cent, premium ; for bills at 3 days' sight, 3 per cent, premium is the general rate, but one or two of the banks quote 1 per cent, higher. From Batavia we learn that during the month preceding May 31st, the only departure for the colonies was the ' Triton,' for Melbourne, with 219 tons sugar, 250 tons ricer The 'Edith Haveland,' for Sydney, was the only vessel on the berth for Australia. Sugar is reported to be very dull; coffee quiet ; rice firmer, but a fall expected as stocks were large. The 'Jeannie Oswald' was loading at Indramayoe. on owner's account. Russell and Sturgis, of Manila, under date May 17th, report sugar quiet. No* vessels loading for Australia. China papers confirm the news already received by telegram. The first of the new teas arrived at Foochow, on the 10th of May. A large quantity had been detained for taxation about 160 miles from the port ; twenty-five vessels were loading at the various tea ports for London, and two for Liverpool, but none for the colonies. Australian coals werescarce at Shanghai, prices quite nominal ; buyers preferred waiting rather than pay the high rates demanded for cargoes to arrive. At Hongkong coals were very firm. Australian at 11 to 12 dollars per ton. Calcutta advices report the ' Adrienne ' having' sailed for Melbourne with a cargo of rice. The ' Laughing Water ' was loading for Melbourne. Messrs. Burt and Co. report having this day sold, at the Annandale Yards, 120 head of fat cattle : bullocks, from £6 Is. to £9 ; cows, £4 155. to £7 95.; average £6 6s ; also, 56 head inferior ; average, £4 ; and at the Bazaar, 100 fat wethers at 14s. 7cl. each.