COMMERCIAL INTELLIGENCE. GOLD CIRCULAR. [From the "Sydney Morning Herald," August 23rd.]

New Zealander, Volume 7, Issue 567, 20 September 1851, Page 2

COMMERCIAL INTELLIGENCE. GOLD CIRCULAR. [From the "Sydney Morning Herald," August 23rd.]

In commencing a series of Conimeici.il Repot ts upon tins wondeilul pioduit which is piob.ibly destimd to four an evpott exceeding in v due the gicat staple upon wini.li we have lnlhcito so much lelicd, it may not be utiititcitstiug to t.iku a hasty m'vicw of its discovery, piogn is, and piescnt position. It will not be dcinedtli.it oui celebrated geologist, the Rev. W. B. Cl.nke, w.is the fiibt to announce that the soil of Austialia ponsessed an jiihfeious chaiaclei ; it isse\eial jeiifc since lie gave publicity to this opinion, and thus staked bis chnacicr upon the issue, but no piactical usnlts wcie obtained fioin tiiat opinion, and it was allowed to lie like the llitoncs ol many other s>it.it mm in a comatose state, and to Mi. E. 11. Haigiaves mint be yielded the kind of binding this dtscovciy before- the public in .1 tingihle shape, and itndei ing it available foi the puiposei of coiinnticc. Dining the fust week in the month of May last, a (epoit Mas allot in llir cit>, th.it gold had bcui found in the dmtutt of JJatlinrst, but so sceptical weie the innabitants upon the subject that the irtattei was ticattd .than idle talc. On Tuesday, Oth, Mi. Hai "raves, arrived in HathuMt, and having invited a nuinbi-i of gentleniciitoinrttliimat Aitlnn's Inn, he stated ilia' he had diseoveiud a gold held in the nei?libom hood of Bnmmeihill and Lewis Ponds Cieeks. that would in his opinion piove as uch as the (iigfini;s in Calitoini.i, and to pievent the possibility of doubt as to the liulhol his it itenient.he pioilnced <J ouncei oi gold, the pioduceof thicc dayi' laboui. the following Fndaj, nine men h-H Rathuist foi ihe tpot, thoiouglily equipped foi tin ir woik. On Tbnisday, the 15th, Mi. Austin .imved in Sydney with a ipi eiinen weighing 9 ounce-i, whirli \it e\hil)i(eil in eveiy d'KUion, and caused coiiMdk-iabiu c .Uenipnt, although <i

•\ a-t uunilui of did cautions nti/ens wi'ic of opinion tliat Ml. Au«tiii li,ul In i-n impo-.ul upon iml (hat llio '•penmen ctmefiom California lu'loic e\u it s,iw Kalhinsi; m fail, s ome tit the mmc i-\pi in iKCfI uold Imimii could not be pii'iiaded tli.U tt m.is nilici\mm. dm (Jililoiman It hid, lnme\er, consideiable influence in liiauv quiileis, ai-d tiio 111 n ki t loi iliuo-t eveiy .n title ol consumption Infill to i isi 1 . On Tucsdiy, tlioiiuth. the new « liom 15aihin»i \\ .is miliebiji stilegiee confiimed by Aldunian Fishei, I \\llO II Willed flOlri Illf diggings, al)d Speculation tlllOllgllOll! tllC town became OMoidiiiyli, i up Floui i.iv up to i'oO pel ton; bi iud\ to Bs. fid poi gallon, (ci, Migai, tincl c\civ otliu aidcle advanced m pure hoiiily Pnv.itc families took the alatui. and hid id hcivy blocKs, 1, »t i.iiiniip pncis should an^e thus adding fuel to the fiiu. On batind.i), the 21th, ilie question was sillied beyond all doubt b\ intelligent c tioni undoubted .uiUiontv, that a p.uty had, in thice weeks, obtained gold to the value ot i'lCDrt. Thefcvei now i iged at its highest, and hundieds weio KaMiis; the city dailj On Tuesda\, the V7tb, Captain Hinilson, i\ll. A. C. Jiiowu, ai'iil Mi A Cnnpbi.ll aimed in town with gold to Ilie i, due ol i'Sdd, amongst which wa> a vei\ tine spccilncn weighing l(> ounces On tin lolloping day Mi. Blown published a liUet iieuing enthusiastic testimony to the Until that oin gold fields weie iicli and extensive. The tide foi the diggings had nou thoioughly set in, and continued to How without nitciiiiption loi seveial weeks. Humliedi ot human beings lrtt Sjdney foi the mines , some on the' load to ioilnnr, and many <Hlii-i!> on tin. «aj to Inttci disappointment, kin ill poiuoiis ot gold leached the city bj even mail, and weie exhibited in the windows of the \nnons lewelleis' "hops, adding in no sin ill degiif to the nenci.il c\mtuinont. M.illeis coiili,ined in tin 1 ! stitc until tl c middle ot June, when a consideiabk uiimbci ol pusoiib n-linnud to Sjdney, tin suit; the day tliev consented t0 '''' IVC ll > and piudiiLing by then M itemenls .i Ihoiough leaition — the maiUetb tell, and men began to discovei lh.it then oulinny occupation was moie cci lam than the speculative lile of g>>h! mining. .Abo'it this ptiiod (lie linon was .iscui tamed to posses voij gieat indications ot iiclnuss, and many ol the inineis at Oplin patked up then tiaps and sot ott in that (In option. The intelligence, houcvo!, w is not s»flicii'i\ll> cliecung to tieate niicwi'd tonfiduire until the middle ot July, when the astounding Uct became known that ])i. Ken had obtimcd possession ol Iflli Ihs of pmc gold, which was bionglit to light on his station, embedded m one mass ot quni(7, b) an aboiicmal native of the colon y. It is not suipiismg that a ciicumstamc «o c\ti loidmaiy, and savonimg so innch of a tanj tale tioni the Ai.ihian Nights, should be mciedible to multitudes, and Ihe fust lepoit was tie.ited by many as a moisel '100 tnnpting foi then cmlniity to swallow. The mail of Tlunsday, 17th July, was aiiMonslj looked foi by bundled* whose cimosity had been wiought up to the highest pitch, and whpn it diove up with the Tt<it)un±-t pipei, coiifaining an adniuable aiticle to piove nol only tli.it lOii lbi hvl been iound, but that it was si(tl\ di posited in the Union B ink, and had been ■•ci n and handled bj honest luiug witnesses, .ill pic\ious doubts weie sp.itttiwl to the winds, and the town became again p\ut<d to ,\n ama/ing extent. Not only was tin-, mai \c\ coufnnud, but the same m.iil biought down a \oiy laige qn.uil)t> of gold Im \.uiniis pai ties in (he nty, and intelligence liom the Tin on of succcis, by inineis woikiug theic, beyond then most sanguine expectations. Fiotn that time to the picsont lnoiuent the piecious liiital has am\ed in laige quantities by eveiy mill, lncieasing conirleiably in amount as days 101 l on. Afen of all classes and conditions have lett Sydney foi the Diggings, and contiimc (o leave cveiy horn ; and if the fd\oui,iblc lepoits mcitase as they have hitheito done, om city will be chained of a veiy laigi; poition ot its male inhabitants— within the last week upwaids of '200') pei«ons wtie rounled on the load soing up, and only 11 coming down— this speaks volumes. The (Jtjvcinmont have veiy wisely established an escoit weekly tor the sate conveyance of ticasine liom the mines to S)dney, and toi which they make a chaige of one pei cent. The fust leached town on the 24th Julj , and bionght down only 780 ounces, in consequence ot its not being stillicicnty known; the escoit of 31st July bionght in 183 ounces , that ot 7lb August com eyed 2'JOl ounces, including the bundled weight foi the puieha'-eis, Messis '] hacker and Co.; 14th August, biought in 1507 ounces ; and the escoit of Thuiad.iy last conveyed 2836 ounces; besides which, veiy lai«e p-ueels aie an iving by eveiy mail. It will not be possible to give a conect account ot what comes into Sydney, in consequence of the iiiimeious channels thiough ' which it ai lives; but it is piesumed that a statement, to be lehed upon, ot the quantity e\poi ted may be luinished. I am undei conndeiablo obligation to the shippcis theinsehes foi the annexed nifoimation of the quantity alreuly cxpoitul most of whom g.ive it me on application wuhout a moment's hesitation. The tionoui of making the hist consignment belongs to the In in of Smith, Campbell, and Co., who foiwaided to the" care ol D. Duiibni, Esq , of London, '219 o/.. per Thomas Aibuthiuit , it maj not, howevei.'ieacb London fiist, inasmuch as a veiy fine specimen of 14 ounces was sent on o\etland by the "Fanny Fisher." toi ]sata\ia, which sailed about the same time The price at which it is now being pinchased is £J Bs. Od. per ounce consuleiably moie than it is woith when the lisk of benig occasionally imposed upon, or such a contingency as Messis. Tlnckri md Co weic subjected ro in the seizme of the bundled weight by Government, aie taken into consideiation. Like eveiy othei aiticle ot e>\noit, it should yultl a lan piofit, which it does not at the high puce now t'lven, and many ol oui buyeib who are lgnoiant ot its ical value will be veiy much astonished on icecipt of then account sales, to find that it contain* 10 pei cent. ofsiKei, foi which they only get ss. <lri. pei ounce. It would be snpeifliious to attempt a (Hsciiplion of the locilitns in which it is stated to hue been found, as a gieat many of the it-ports h.ue but little evidence to substantiate them; theie is howevei, no doubt that it ousts ovei seveial hundied miles of tins vast continent, The following aie the quantities expoi ted b\ each ship up to the piesent moment; —

Winch, at Gsi. pcv ounce, amounts to £47,488 3s. 9<l. Moic than half of this Luge Mini has been shipped by three houies. Theie is also, in addition to the above, £30,000 in town leadv for shipment, and it is estimated that £40 000 mole n still in the hand-, of the mnieis, thus making within a tulle of £[■20,(100 obtained in the shoil space of three months. What may be the it suit ot this extiaoidinaiy tuin in the tide of cm colonial aflans it is impossible to foietcl ;— Mcich mts and | tiadiMiien si-cm quite linabk to li.pisl.itc foi llio fiitme; Ilie Enllliiiup between tins and England must be ellected to a \eiy seiious extent- indeed, it has fallen tlii* morning to 1 y>ei K-nt. discount on Bank bills and 12$ ilia, on private bills, and tlieie i» no doubt it will be much lowei betoie the end (.f the jenr. It is, howevel, veiy genei.illy believed that the difficulties at pie«ent manifesting themselves will be but tcmpoiaiy, and thateie lorn; the simthme ot a pciinanent pio c peiity will anse, and shed its inviting lays o\ei the lentjth and bieadth of otn land. We possess an inimuise ad\aiitas;e ovei mmy other conntiie"), in the genial native of om climate and the divemlied chaiactei of oui pmsmts. If gold mining is too l.ibomious, we have Sheep-fanning, oi Amiciilnne, oi Comiiieice toi men to turn to; and eveiy sensible man admits that tlic want of sntctss hi most nist.imis aiioes hcic tioin la/mess, and not fiom any nnpossibilitv of obtaining a livelihood humiliation, foi winch we have Ions; been plcadim;, will now (low in upon us unasked; and if om aqiiniltinal and pastoral wteie&ts ran only steei cleai thiongh the next sik months, tlieie is eveiything m Hil futoie to wanant the belief tint we shall become a gieat and a piospuous nation. Geouge A. Lloyd. 474, Gt-orge-stiect, Sydney, August 11.

(Fiom (he "Sydney Morning Heialil," August 30th ) The ..mount of business closed loi dm ing the week lias l)cen too hilling in.iteu.illy to affect irtaiket latcs. Impmtei«aie mm vuth Eastern pioiliice. Ft w goods aie now fotccd oil privately O) publicly, but whoic it is lonnd icqiu«ite to <lose sales the sicnfice is generally consumable. Our nmlcet is not hi avily stocked, and a l.u^e pot (ion hawng been l.iitl in above piesent pi it es, being bi ought here at high lates oi impoitcd fiom the ncinhboiiniig colonies. 'Die want of activity now e\istiiig is altogethei owing to the dilhculty of piocnnng carnage, e>cn .it e\.otbitant i.ites. Tlie j;icatest obstuiction to o»i (utme pi ogress exists in the ••low -coach sjstem ot aitcriial communication. With ample means at then disposal, the colonists have been ovccedm»l> taidy in establishing a speedy mode of ttansit tlnomjli the mtei 101. Eventually Uiilish capitalists will cieep in and leap a iich harvest, \ilucli then want of tncigy has pemntud to ebiape them. H. Hauneti, Bioker. S\ dncy, August 30.

GOLD CIRCULAR. The weather dining the past week has been veiy unfavourable for mining pin pees, <md mnnj of lite miners ha\e uecn flooded out; the yu>ld has thcrctoic not been so productive as it would otheiwisc h*vc i» ovcil , a considciable quantity h.is loinid its way into town. The cscoit (which by .in accident was detained upon the load until jesteiday moming) bioughtdown 2011 ounces. There has also ai lived by the thiee mails since 0111 last leport about £5000 woith— making the total received tins werk £1i,500 independent of aiiy thai may Inve come in by puvate hands. It will thus be seen that our mining opeiations aie not by any means unprofitable, inasmuch as the above sum may vciy taiily be estimated as one week's pioduce, which, if equitably divided amongst the whole mining population, would lea\e to c.uli indiviflu.il a veiy lespectable week's wages. Many instances of esttaoidinaiy success might be given, and some instances of failuie; but the following being a pcuihai case is wo) thy oi note. Five nun from Camden named William Flanha<l\, Joseph Wasson, John Dnubar, Thomas Alcaics, and Leonard Meales, woiked foi one month on the mountains at the Tmon in diy diggings. The fust thiee week* they weie unsuccessful, but the fointh week foitune favonied them, and on Tuesday last they icceivcd fiom Mr. Samuel Thompson ii cheque for £s<i9 17s. Kid. as the icsult of their font week's woik. Intelligence has l eached us of the discoveiy of gold m the neighbonnni,' colony of Victoiia, possessing app.nently the stamp of autlicnlii lty, by the issue ot a (Joveiinnei t nonce cautioning paitieK against woiknig without licences. AYe shall piobably be in possession ot fmtlu.i faclb in a few days. The Wentwoith Diys;ini;s, and some new digging! at the World's End, about tluity miles, fi oni the Tin on, ate atti icting considerable attention and will no doubt piovc ot gnat \aluc. The puce of gold in Ssdnoy has been a flee ted thu week by a i eduction in the exchange, and is not nowieali/ing inoit than 60s. 6i1.t0 f»7s. Cd. peiounec tor fine samples. The onl> e\poit since otn last wai. that on

PRODUCE CIRCULAR. The account"! from England lecerved dining the past week announced thai the fir<t sales of last ycai 's clip had been fixed lot Die middle ot Maj, and wcie expected to tompiue about 30,000 bales. We .lie sony to say lh.it feaia mic entertained as to whethei lonnei pricei should be uphold ; but we me glad to notice a most judicious lcgulation winch piolubits the inttoduction into .my cuiieut seuus ot sales ol the wools which may ainve dining their piogiess, a lnaltei which has intheilo had a most pernicious iflei t. The tallow and hide maikct lcmaweil without aialin.il altciation. Tiaiibactions in ptoduce here ha\ c b.en unusually 'mall— Wool had fallen id to a Id, and tallow is a shade lower — hides command ioiniei lates. Fi eight* aie without alteiation, but the difficulty of procming le.iiiH-n iciideisllie day of dcpailuie of vessels \ery uuceitain. Exchange is likely to be sunoiisly against the settler, if the lnllm ot i^old continues; of which ilieie apptais. eveiy piobability ; this is muth to be legtctteil, looking to the diflicullies which voolgioweis have now to contend with. Ficights to "London— Wool, g. to— pel Ib. Hides, 15b. to £l per ton. Tallow £2 ss. to £i 10s per ton. Oil, £.i Os. to £„ 10s. per tun, linpcml. Gold, i pei cent. Exchange on London— Hank diafts, 1 pei cent discount. I'iivatc bills lijpothrtatedjgdijist piodnce— &J pei cent, discount.

f Rinvn Mann is.— Friday, Arousr 2i\ ' Tlir Mills— Me,srs X nkci and Co.; A modi-late qu tntity of wlit.it 1m« coim- lo mj.iiUt, chilli was pnrdia^d .it liom 9s C'l. to UN. <>t\ pel hii-hd, acioidins; lo sample. Flour lemams Him .it iii (o\ (me, .i\i(l £''2Moi second <|u,itily pel toil o( 2000 Ibv Ki.ui Is. to Is -2d pci bushel. -Mi 'JicilUtt, A few small |>amn h of «hnt hive bi>« n icceivetl into Die mills this week, .it piiCLt. v.ii Mi)!.' liDin 10s. to IDs Bd. per bnJiol. Foi \an Du-iiL-n's Ijaikl \shcat Us. pci buMiel lias been oflVied and dcclmi'd. Floui m.untuns a slottly pun 1 , £'25 toi fine, liian Is 2d. to i, ".1 pci bushel — i\Fi Sm lit : The little wbe.it that his mned dm ni',' the past «uKlmi bon»lit up pietty tn-elj at 10s. Ofl. pu bnshtl Flour uiininis vi iv Inn) .it last wuuk's qnotitious, {J^s loi (me, and £li lot sicoiuis. Bi.in, £5 pel ton Ot 20110 11). Cnu.l &c, ron Sr Avcurra.— As last week the supply of cattle is \eiy inadequate lo meet the (k'm.iii'l. and considcinig then condition, those bionajlit lo m.nkct (etched high puces. ISO head tveie sold at Ws ri(linfois) it rios.r i0s. 60 at TCs 02 at 7Ts. fid. and II) at SD^. C.lH^^ Icltli fioni IDs. to 2'2s. Shei p continue to be -\Nell tnpplitd S»0 woie sold at r )'-. <)d 889 at Cs. 10.500 at 7s. and SOU at 7s (id. Lambs (\taice) os. Od. to Bs. T\'£% ijtl to 3 4 pel lb , accoidnig lo qn ility. Hotuts —Mi. Stewait has sold at 10 he id : 2 at £1 3, Hit £12 and \\ r > at tioni CIO do^n to £s lOs.

Ounces. June 3.— Thomas Arbnlhnol 213 " o—F.innj0 — F.innj Fishei 14 " 1 1.- L.uly Cl.uke 055 " 15.— Lady Mdigdiet W " '22.— Citlidllie Ki2 " 22 — Acldllp- 3ri July "24 —Mai y J3.ni»aly ne SMO Aug. i).— RmHlii.ii 920.J " 18.— II M.S. HdViiimali 1208 dwtf. 10 10 0 12 1 Vi Mnlkinea total 0f.... 11, en 15

2Clli August, per Mountstiiait Elplimstone, 0V231 ozs. 0 dwts., which, at 05s. per ot., riinoiinls to £21,00 14 6 Making the total shipped to this date O8,(ib8 18 3 Exchange on London, diafts against gold, 2j per cent discount. Fieiglit to London, J per cent. Geo. A. Lloyd. 474, George-sticet, August 30.