The Sun.
London, England, 1857-08-31 00:00:00

c

velopiog the latent resources of tbis fine cpipny„ 1474 , -,) r, 1-7
menting its wealth, and elevating its social dotdrtloti.-r 11-r-it, --“,
"I now declare this Parliament to be p --
-c.2), •
Tuesday, the Ist day of September next.!! ::. _-,;-E- ---''," ,',\4l'
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COMMERUIATITNTELLIO in. O ... „. I t7e---)
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Export entries `were passed to-day at tillro ~ ~. ,4,,-," • ii,.., 44'
14,130 oz. of gold for shipment. Of this , , . ,:
~r
_i. :.
~, 4,;,/
oz 4
were for England by the Earopean ; IM.O- 40'
Calcutta-by the Shah Jeban ; and 2,085 oz. fortUo:. 1,4
port by. the_ Wampanoaq.,_ The opportun ties offering . a
for shipment are beginning to isave•ran- effect on the
goldfields markets,- the banks and, other large shipperz - -
being desirous of *making up' thei r`parc6ls: The follow
ing are the prices at which the nielb6urtib brokers are
buying :-31. 16s. to 3/. 17s. per or. for Cditlemaine and
"4'0,11 ir,t ; 3/. 16s. 9d. to 3/. 17s, for Miiimt Sorong ;
31 11- 31. to 3/. 17s. 9d. for Dunolly, Maryborough,
Fiery Creek, and Avoca ; 3/. 17s. to 31. 19s. for the
Ovui ; and 3/. 18s. 6d. to 3/. 19s. 6d, per oz. for
Ballarat.
It is expected that the- Norfolk will, have about
100,000 ounces on board. She will sail on the lot of
July.

The ercart returns have not been up to the average
this week as regards the total quantity, but the separate
amount's from the several fields are maintained. The
escorts from the Ovens district and from Danolly arriv•
ing fortnightly give every alternate week an_advantage
in proportion to the ratio of their production. The
reports from the mining districts have bees encouraging
this weer. At the new fields known as " Ararat" and
" Armstrong's" large numbers of miners have assembled
drawn together by the extravagant reports that were
fiyirg about. A large extent of shallovrainkings boa
been opened up, and the result has been that the escort
returns have risen up from 150 oz. to 1,100 oz. in the
space of a fortnight. At Bendigo we notice the safe •
arrival of the large boiler for the extensive crushing
machinery in course of erection by Messrs. Grant and
Stevens:— The compl,tion of.- this- undertaking will
stimulate the energies of the quartz miners on this 6,5,14
by the opportunity it will afford for the immediate con.
version of their raw material into marketable shape.
The quantities received were—

O. Dwts.
Cmtlemaine .... 6,670 0
Sandhurst 8,534 10
Ballarat 34,120 10
Avoca
Fiery Creek 1;783 10
Creswick's Creek
Amherst

iffaryborongh
Blackwood

3,236 10
130 5

27,494 10
Previona escorts of the year 1,015,174 5

Total 1.052,668 15
The shipments for the past week were—

- _
Oz.
By the Montmorency, for Liverpool ... 50,195
By the Oithona, for Hong Kong
By the steamer to Sydney
Previous shipments of the year, corrected by
comparison with the entries passed at the Cus-
toms' 1,185,517

Total
1,235,428
Or M tons 10 cwt. 1 qr. 10 lb. 1 oz., the value of which,
at 41 per oz., amounts to 4,945,7121.
The quantities of the precious metal that have left the
port monthly during the year have been as follows. In
the month of January about 80,000 oz. are included,
which were cleared at the Customs during the previous
year :

Oz. Dwts.
January 250,132 7
February
March
April
May 291,591 5

Exchange on England remains at 2 per cent. prem.
Draughts against gcl3 are purchased at 1 per cent. prem.
Freight on gold by direct steamers and bailing•vessels
34d. per oz., delivirab!e in London. Insurance, 14 per
cent.

The money-market has been very quiet during the -
month that has elapsed since our last summary. - There
has been a tendency to speculation in local joint-stock
undertakings, but this has been confined in the main to
a small knot of capatalists who have not been joined by
the public. The chief event of the month has been the
opening of the tenders for the new issue of debentures
by the Goveroment. Those of this series having the
shortest dates to run-70 of 1001. each, payablejannary,
1858, and 130 of 1001. each, payable January, 1859,
were taken up by Messrs. Miles, Kington, and Co., for
the purpose of remittances, at 1031. 2e. 81 per deben-
ture, and will be issued for the English market, principal
and interest being made payable in London. One thou-
sand debentures falling due in parcels of 200 each suc-
ceeding year from 1863 to 1867 inclusive were taken up
by the Commissioners of Savings-banks at the uniform
rate of 1051. Os. 61. These will be issued payable in
Melbourne, acd the amount, 105,0251., may be said to
represent the contribution towards the loan by the
humblest class of colonial capitalists. The unaccepted
tenders have not yet- been made public, but by a subse-
quent notice in the Gazette we perceive that those for
which no tenders were accepted on the Bth inst. are now
pnrchaseable at the Treasury. They consist of 200 de-
bentures, of 1001. each, payable in 1860 ; 200 payable •
in 1861 ; and 200 payable in 1862.
Tne tendet.cy to speculation in the shares of colonial
undertakings to which we have alluded has, however,
caused a grew' er demand for money. It is, however, a
satisfactory sign of the times that the banks generally •
have not encouraged the loaning of money on the deposit
of shares. City of Melbourne Six per Cent. Debentures
An. _in IRII7 1 ttir7
Six yer Cents, at 104. A parcel of Bight per
Cent. Debentures, bearing the guarantee of the New
Zealand Government, and falling due in 1865, have been
offered in the market at par. There has been a con-
tinuous attempt to move up the price of the shares of the
Melb Airt,e Gas Company, but in the abzence of any re-
ported transactions we are still unable to quote them ;
30,000 additional shares in this company are about to be
issued. Colonial bank shares are saleable at 31. 10s, 6d.,
wish few in the market under 3/. 12s. Hobson's Bay
Railway have been done at 91 to 92 for cash, and at
95 for account. _

Although for speculative purposes money is not abun-
dant, it is readily obtained on the security of landed
property at 8 per cent. The banks are charging 7 per
cent. for bills under 60 days' currency.