The Express.
London, England, 1855-11-29 00:00:00

AUSTRALIA.

We have received our advice., by the Kent, from
Melbourne, to Sept. 14, and Adelaide, August 23.
The following report on commercial affairs in Vie)
toria is from the " Melbourne Price Current," pub•
fished at the office of the Argsu

The approach of spring has caused a slight improvuentis
demand in this market. Some parties us investing is the'
expectation of a rise in price. A few orders have also bees
received from the interior. The wool season being &boat Sp
commence, an increased animation will probably be given
by order for supplying the stations. While thew is.,
favourable circumstances, their effect is counteracted byr
others of • more gloomy character. Just as matters,
merely.' and financial, is Melbourne, were about to improve,;
we hear from Betsey accounts which indicate that see,.
thing like a crisis there has commenced. It spoon that I
when the unfavourable reports of the state of Melteutm.
reached England last year, Sydney became the fund*
destination with our speculative friends in the United Liar
dam, who' it appears, must continue to ship, sadd oat
neighbours are now experiencing the natural consomme
of • glut, which, in proportion to their more limited niso.
Ina been almost as great ea that which proved soder
trans in Melbourne. One result of the pressen is flydaq:
is, that goods of all descriptions, but more putieslarlr:
brandy, have been sent on here by needy home, who hue
drown against the shipments, which mast seconds
realised, even at a sacrifice. This has seriously dived,.
legitimate trade in Melbas's'. But independently of
above, the prospects of a brisk spring trade are not so
as in former years. Stocks are still heavy on all the •
loge, and even if they were light, a brisk demand wedded
in consequence arise. The great improvement to the reeds.
has altogether changed the nature of our trade with;
the interior. Formerly, during the dry seams, sup.,
plies for the whole year were takes up by tUr.
storekeepers at the gold fields, and by the troptattees.:.
It is now found that the storekeepers get up supplies at •
all seasons as they require them, and that the uptatten, r
except in very remote districts, find it most 'deuterons it.
punting at the towns in their neighbourhood. At times
they have been able, of late, to buy flour and other soh
shandies on the diggings, at a mach lees advisee ea the+
Melbourne cost than the price of carriage. A third drew
stance, of leriOell importance at the present time, is the
critical position of the Melbourne retrilen. We fccearly
mentioned that the improved condition of the gold ielde, -
the good prospects of quarts crushing, and the Tim
adopted by the banks of purchasing gold on the dAier
have attracted a great portion of the population set trek
of the seaport towns. This has operated with great enmity
upon the retailers,and particularly on the lieented victuallers,
many of whom have been ruined. Many others us pet
oat of the trade, and are consequently not replenishiageW
stocks. The public us have hitherto been the chief naffs-
ars bat in truth nearly every other branch of trade hes
been overdone, and it is universally felt that stagy mere
must go out of Detainees. The banks are acting tra this
principle, and are restricting their accommodation. Os
the pert of importers, goods are in general held firmly, sad
then is no disposition to sell except for cub. They sis
confident that present embarrassments are tampon'', mi
that the continued large yield of gold, independent of the
wool clip and promising crops, must ere long resdaldith
confidence and trade, and reward their present redeem by
the increased value of their Woks.
With reference to future prospects, it is right to war
shippers that the high prices which ruled for provisini sad
candles a few months back, will probably have Wont ,
large shipments from Gnat Britain and the United
and as the demand has greatly diminished in contettea:
of internal produetion, such prices annoyer again be wet

THE GOLD MARKET.
Friday Evening, Sept. 7.
The price of gold daring the week has fallen from 761.9 L
t• 765. 6d. to buyers, in consequence of rumoured altar
tioao in exchanges, together with the small demand. Tr'
Kent, which vessel mails on the 13th instant, is expootod
tes
take a considenble quantity—even fully more than the
White Star and Ballarat.
The emcee for the week ate again very large, .•—•
61,359 on. (16,722 oss. coming from Ballarat alone). Om
gold. buying banks are now Andirg that they *Mg at* 1
the merchant, the legitimate trader in the produce of the
hat
colony, from the field, u when they reduce the pries to
win '
even leave a mod margin open remittances. t ••••-•
step in and share it with them, the late prices *wig
left
only about a par ant. margin for profit as resittooce.—;
Now, however, they have found out their error, el
are getting more gold than they actually. know whit to us •
with, end consequently. down goes the price at the datlF/
the price at Castlemame and Bendigo, according to lid
es
advice,, having dropped from 76e. 6d. and 761.91. pel
to Ms. 9d.