The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-05-31
The California and Australian Mining
Shares In L0etsOn.

rfoa thr London News Mai,
tcnsideiatls h. aNnes prevails the market for gold
n'ninf 'hhes for Californian ano Austraian which "a
far as regard the latter L. somewhat singular as the adj
vc,s nom he AuetFn an colonies is Of very favorable
aehaitchf Aqua Fra have goae hs low as one eighth
dhcouit and Colonial Goia are down 10 par
The following are the 'ansao,ons OF the d,y-Agua
bold -; Carson's Greek Colonial Gold ~; Enelieh
sud Australian Copper Smelling Company AZ Nouyeau
Monde /: sau,seo de Cuta loh
RouNsl Monde Company bava received letters from
Dir ten Dt their euprrnt tendent dated ith and 9th
March III Which he states that tbc agent Of Colonel FREE
mont has been una he PIT him PIE eoson Of any Of
the mines or lands In be auripo.a estates the samo
being occupied ~ ether parties whom las fthe a,cpt)
bad no 10" ITO dpossess. Under bese circumstances.
Mr. Cie,ncnt bad oetGmned To cuvo MHripo and
etber take NJ one OF the reduction establishments AT
pr9ent working Intellectually Uor rwant If proper kuow-
hdae 81 the olean Of cziraciinr TIE go) else fix
uton s,ation tf The erection OF new works. lie says
Ueps1le sl 'ei. c posed knowing TINT the object Of
teDian5 IS Dot to interfere With hor place, dpgpgs,
tt 10 mine iT or purchase ro.d bearing quartz prefer
ence Lsng given u the purchase aud be ntaaee that
although tnre Las been exalgcraton with rpord to The
prodGe % e.ia yet that M average il likely 10 be suc,,
aaNoAid ji1dgood profits ou the working.
trori the aoNces received by tho Aqua F;a Company
lr'n thcr agent in California il appears that he had
Nesrs Isine. Cook Co. relative to the contrao.
tfsta into Tor ;u eatc of the mine in the Agua Fra dis
trct tn those ntlcmsn bad heard accounts from
lhe Iaithcr hF wight wto was in London about The
veis ou'c when the above dispatches written
hessfs Palmer Cook Co, however, acknowledge the
WIGHT OF ther partner to make contracts in respect
mnjpg leases, which would DO binding on the firm vino
have The management Of tho same ana proicssed
therrt ae'ness 10 abide by thpe hut had been made
To ti,s tecipauy. and to proceed to carry them
into lthot Immediately. Although there UNI
doubhdiy tquaters abont the district, get II
MT III the power o any Of them 10 touch The quartz
ioch aocated to t company IL being mpo shlc to work
without adequate machinery there would therefore be
no dHeil'y III iuyiuE up tiny claims that might possibly
&c nr'ce L5 Inc few slnaitcrs which would OF bc
done AT The expense Of Mcssrs rrlner. Cook Co., who
were naturally anxious to have the mine stated be
rich IN gold fully developed they having large share in
tho !iohs. IL seems to hayo been clearly ascertaned
that the s c'mens OF gld quartz Brought to
this country by Mr Wright actually tax, from the
aqua Liza disiiict. MIR Atwood the engineer OF the
company, who IL to start in day two will the rcain-
Der 81 tle machinery, viii carry full instructions re-
sulting from the above adyiccs
The English and Australian Copper Company have this
day rfccN.d aGviCes from their manager Adelaide
Gated The 10th OF January last. The quantity of copper
ntitcd ut the company's works in the week ending 9th
Period between the 2Sh November nI,d December
have not been received In the week ending 9th Do
ctnib,r the quantity Of ore delivered by the rrt Hurru
Mine 10 the melting works. 22S tons but cnnsicrn
ne alrch,nsion WAS entertained that tho supply would
iH 81 IN consequence uf many Of the people employed
at the EErra Iura Mine having left their work Mr.
Jcsc.h Irown who WAS despatched from England. in
Febihhry with supply Of soyere,ns ANA letters OF
credit inr the purpose Of carrying tho business of
gold iuJ ina AT rnr Phillip account this cnpany
sG arrived 1T sinenpofc on tho 81 Of April and would
ha'c that place IN q lew days for Melbourne.
u u to be i,aIcd that the difficulties respecting labor
above ruotrtd to- but the ioitIunners ot
teneive embarrassment to the company The effect Of
e gold dsco5 in tho sistcr colonies upon the cop
Trriin,Bg cnt fprisr Of Adelaide, aniicpatcd hy
many mont ago and il j. to DC feared The ,;eiI of uG
metal fiom this important soucc OF supply will fcr
tine. 'c much Cuftsiud The n,egeuc nf rr,n, in
toi,st to prop,ctoss Of English copper mines tho effect
upon he market for that metal cannot iii 10 be very