SYDNEY.

Colonist, Volume II, Issue 182, 19 July 1859, Page 3

SYDNEY.

By the Lord Ashley we have papers to the 9th instant

An advance has taken place in the price of flour, in consequence of advices received from Valparaiso. Fine flour is now quoted at £27, and second quality .£25 per ton of 20001 bs..; wheat, 10s. 6d. to lls,; but holders were looking for higher prices. Advices from to the 21st June report business in the import market to be quiet;. There were buyers of flour in Melbourne for the Sydney market, and sales had been made of good Adelaide at ,£2B per ton cash. There had been a heavy shipment of sovereigns to the horae market, the total haviug amouuted to £98,550. This draw had been caused by the fact of. the banks not having been able to obtain sufficient gold to. ship for the drafts issued by them. : '

The Empire says there had been some movement iir rice; and a'large parrel has change*? hands at .£l7 pt^r too. '■ Holders fehew no inclination to sell, and are asking extreme rates.

in oilman's stores we hear of a few trausao* tions at last quotations. The news to hand by the Kate Hooper 13 generally favorable to the holders of teas, but there is no disposition on the part of dealers to purchase.

The following important news had been received from Chili:—We have been favored by Captain Thompson, of the Acis, from Valpi»nis<> 3rd April, with the following report:—Ciiili was in a state of rebellion from north to souih, and several engagements iiad taken- place he* tvveen the insurgents and the military, and on several occasiom even in the cities of Valparaiso and Conception. The latest news received there was to the effect-that C-quinbo had been taken by the rebels, and several hundred of the troops had been driven into the sea. The insurgents to the southward also were increasing in force and gaining decided advantages. The Government had all the available steamers engaged for the trausportof troops from one scene of engagement to another. In consequence of this out break business was at a standstill. It was HtateJ that in some of the districts much destiuction of property had taken place by the insurgents and Indians. The Acis was Lading at Peuco, and during her stay there the town was sacked, and wheat at Bodejn destroyed. The vessel, therefore, proceeded to Valparaiso, with several families on board, who bad been burned out, In Va'paraiso mauers were almost the same, and it was daily expected that the town would be attacked.