SYDNEY.

New Zealand Herald, Volume I, Issue 212, 18 July 1864, Page 3

SYDNEY.

Yksterday morning the ' Day Dawn,' Captain Philip Jones, arrived in harbour from Sydney. By the courtesy of the Captain, we are placed in possession of four days' lai cr news, to the (sth instant, inclusive. , Tne ony all-absorbing topic of interest in i Sydney, is the distress in the agricultural | districts, caused by the late floods, and by which even Sydney itself is indirectly a fleeted. A whole class appears to be irretrievably ruined, and the New South Wales yeomanry, or small freehold and tenant farmers will be reduced to the condition of day laborers. Eroin the " Newcastle Telegraph" of the 2nd instant, we take the following. We j cannot understand how, with beef in Sydney at one penny per lb., and at sixpence to eightpenee in Auckland, prices can have become so equalised as to render further consignments unremunerative. We require enlightenment on this point :— By recent advices from New Zealand, savs the Ti'h't/i-tiph, it appears that Ihe market is at present well stucked wiih cattle of all kinds, and that ihe price realised at late sales leaves but a small margin of profit, Cor tho shipper. The result is, that several of the regular traders from here are obliged to go out of that line, and avail themselves of other charters for the time being. The ' Adelaide Bell,' however, we understand, makes one more trip with stock. Last Saturday, the "11. L. Rutgers' sailed for Auckland with Kit head ot cattle oil board, and during the week the 'Oregon' has shipped 170 head of line j cattle, of the estimated value of £800, for same destiI nation. The Sydney markets and Australian telegrams will be found in another column.