The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-05-25

Which, at 75s. per ounce, is equal to. f19 1878 377
The produce for the present year shows that there
not yet reason to apprshend q sudden failure in the
yield of 90d but If the amount less than II is
there are still abundant evidences Of the nexhsustibe
character of mines OF these the most Is
the fact that within the last few days three unparalleled
masses OF gold have been brought to lght-such per-
in spot much frequented hitherto and there
reports Of numerous smaller Jumps having been found in
the same locality The largest Of these three great nm
weighs hundred and thirty four pounds aud half Of
which upwards of hundred and twenty pounds pure
gold The other two Jumps weigh % lbs. or dwt..
and SO lbs. oE dwt respectively, only very small
proportion being quartz They superb specimens OF
gold and quartz in terbended The largest weighs
pounds more than the famous Kerr hundred weight OF
New South Wales and has the additional advantage Of
being in one solid lump The fortunate finders tax.
rg it TO Ems land in the Sarah Sands, for exhibition
The locality where these splendid masses have been
found is called the Canadian Gully and is branch of
Bsaarat diggings These dggings the first opened
but they were almost wholly deserted when the So peror
richness Of the Mount Alexander dggiugs
They have lately risen again into favor however, and
there is doubt that tens Of thousands will flock
them and explore them thoroughly. The difference
between the two localities to be that at Mount AL
exander the gold is finer and more equally diffu ssd
while at Baaarat it is in larger Jumps and less
frequently. similar difference has been observed be.
the Ophr and Turon diggings New South Wales
The difference would to indicate the existence
original matrx fountain head of the gold deposits
which Baaarat probably lies than Mount Aexan-
der. Our scientific help but little in the solu
toA of that problem but there ia saying what contn
exploration may reveal There really seems no an
tecedent mprobaby Of the existence Of such org
nal gold bsd.
MELBOURNE GOLD CIRCULAR.
Tho price Of gold has again advanced The market
opened at 74s 3D. and 76s Cd, but grad ually
way when the weighing closed for the Sarah Sands
10 75s 3d.. at which it left of.
The first Ct the Jumps of gold found at Baaarat was
weighed Thursday, at the Bank of Australasia for
shipment by the Sarah Sands, and found to be ,69
ounces or l lbs II ozs the escort charge for trans
mission 20 Melbourne, amounted to clio los, and the
freight to Britain will $50 los. The fortunate
degers also return home By the vessel which conveys
then treasure Two of the party came out by the Great
Britain in Decem last and enabled to return
with their fortunes made after only weeks labor
the Victoria gold fields Two immense pieces of
gold lave been found in the locality. aud
1t that another and still larger lump has been dug up
The very sudden and altogether unlookedor alteration
OF the exchange BY the banks has taken every ons By
surprise That would rise gradually the generally
entertained opinion, but that such leap from to
for purchase or advance gold and selling at par
anticipate The operators the gold aud mouey markets
having been thus taken by SURPRISE felt rather keeuy
banks have been anything but compliment ary. This sud
den change acts forcby in more than against
the capitalist particularly those that about to leave
the colony Bank draft at gold dust at los Cd aud
woodland taiow at high rates, and little OF either for
nves tment in comparison to the capital seeking
ployment, hold out inducement to the speculator.
Thus capitalists beginning 10 suffer from plethora
OF ~eslth, ayDg solely out OF the mineral treasures
found in The colony curing the past year With Pop
product alone il reed not be matter of surprise that
change takes place in monetary affairs The banks
tbe-e mattofs compeNs1
~ follow the gigantic strides infant colony WHICH
has been precipitated in the short period fifteen
months. from moderate circumstances to that Of
b. uDd-d wealth.
No Of persons who have arrived in the colony
this week ..... OBSERVATION-DISCLOSURES. 1881
No Of persons who left ACKNOWLEDGEMENTS. 1892
Addition to our population this week =. $50
The government exports brought in this week from
o.
Mount Alexander and Dendgo ......... 1882
Bale AIT, including the left of Geelong ... 3145
Ovens. ....-. ................. ]. 5A75
IT, Victoria Escort Co from Mount Alexander
AM Bendigo.. .......................... 1906
"a 37l
Gold previously shipped from vicoria in 1882 3O0777
Per Warata 70 3yoney Observation-Disclosures. go. 1888
Per Sarah Sands, to Liverpool. ............ 1920
343 03e