The southern press. [volume] (Washington City [i.e. Washington, D.C.]) 1850-1852, 1851-10-01

Bullion ES54,04s Increase f5993:
Circulation l,463,272 Decrease. AZ 984
Private deposits 50,700 ID crease I24Ss
Public deposits 1890 Increase 49,Olt
Discounts l,l7l,l64 Increase 1885
| The increase of the bullion, and decrease d
the crculation is continuous, and it is stated thai
great exertions i'll be made to recall the forced
currency notes OF the government.
The bullion market is weak, and the dealers
are watching events. The confirmation of the
Australian gold findings is one event of the
week, and another, which will exercise event
ually a great influence on the bullion market is
the publication of the continental exchange
prices received by electric telegraph. This
rapid transmission of quotations will have a
great tendency to equalize prices in the different
markets, and to diminish temporary specula-
tions It is likewise to be expected that it will
result in the drawing of short bills on places
wherein il is now tho practice to draw at three
months, as it will be wished to avoid the fluctu.
atoms and contingencies, when comparatively
certain transaction can be effected. AS bullion
can 80 easily be commanded by the use Of the
telegraph, there will BE- less necessity for keep
ing up local stocks, and greater disposition to
accumulate in this market, which is the place OF
receipt frem all quarters OF the world
The Australian news creates at present, feel
ing of anxiety "a her than any fixed impression
Of the definite results to be obtained. In its be.
ginning, however, the Ophir Of Australia is more
pregnant with great expectations than the Ell
Dorado of the West. As the discovery in the
American or Eeather creek indicated the produc-
tiveness Of tn basin Of tie Sacramento, so does
the discovery Of gold in Orange river most
strongly suggest the like productiveness in all
the affl rents of the Murray, nor are there want
ing rumors Of further discovery going beyond
surmise. If this expectation be true, the Aus.
tralian gold region will be as much beyond Cali
fornia or any other gold region known, "a Cali.
forniais beyond the ATTAIN district, the Ural and
Virginia. Extending from the back Of the More
ton bay district to the back of Victoria province,
he heads of the Murray cover an area Of 500
miles from north to south, by 200 FROM east to
west, constituting a fatal of l6 900 squire miles
four or fpe lines The ertem of The Californ a Ell
Dorado Roads give the coast population ac-
cess by comparatively short route to every part
Of the district. and steamers running from A de-
laiie round to Moreton bay connect every port
As the Ksnak of Hlwai is attracted to San
Francisco, so the Maori of New Zealand, aud
the Araforas of New Caledonia an | the neigh
boring group, will be drawn to Sydney, New
castle, and Noreton bay. An intercourse al
ready open with Canto, will bring Sydney into
rivalry with San Francisco for Chinese emgrants.
Flour will not have to be brought from the
other end of the world, as from Chill, nor pro.
visions from Honolulu, while the operation on
the flour trade by Australia may give 10 Tasma
MIA like benefit to that experienced by Ciili
What effect the news has already had on the
neighborng provinces it is of course impossible
to define, but we know that the intelligence Of
the California discoveries drew nu nerous emf
grants from all the Australian ports. From AIDE
laide the journy up the Murray and Darling to
Bathurst is long and tolsome, but there are
other means of access. Regular steamers ply
to Sydney, and it is feared the miners have been
drawn from the rich works of the Burra Burra,
as they have on the other side from the COLI lies
Of Northumberland.