The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-08-05
AuSfsnIIa
TIE i ATEsr NEWS peoM syruEY.

formed.
Australia
THE LATEST NEWS FROM sYIN
BY the arrival OF ms W1o,luo 10 s aos have
received eovices from Syd,sy to The 2lst of April
1be portion Of the corpy OF Ne south Wales IA Gas
cribd by the papers bepg the most sstaAc oy zoe
yield OF gold steady and The sarnoga Vi oach
N az oted at ounce day. With regard 10 sgr
culture The prosDects Of ,he fart we're OK eloat
The tweusr Cleopatra bad arrived at 81 doey with al
ne her tie Harbisser this Adelaide bad
ryld IA Geo ounces OF gold dust Brought into Mel
boplre by.escolt on he SOth Of April
Gold bad fallen rapidly III price IT Melbourne. and
quoted by the Argus, on the 10th April at GO l5s
ounce.
Ire markets both at Sydney and Melbourne we're al.
most bare OF goods and enormous profits were being
realized on ,enie articles Of in port
Tie Wooloemooloo had upwards Of 80, 600 ounces OF
gold In fejght
The following IL from the Sidney Empire Of April 20 -
The cemme eial condition OF sydrey H. as hsa been
for fone considers BILE time pat characterized by
taLty, high prices ard exhausted Stocks The circum
starce Of TO few arrivals with supplies either from Grea
Britain from foreign ports. il very remarkable and
this unto sard cir cunstanceeo contrary general
pectauon has given 10 traDss ctons excited
ter, which in many instances has the appearance of
unsa IaDied exrrsyagonce. Goods up prices
which are scarcely justified BY any state of tho import
market at which have yet arrived, the compeit ion
lar demands rather than produced BY anything hss
scarcity. But il bu,ineEs Abducted In tho
would s, range in couscquence Of the positive INSULT
cheney Of present This state Of things
ton sn'spated-for during thu last few weeks.
the passenger traffic inwards has barely kept
Since lst Of April nfy seven vessels have arrived
from various ports inclusive OF Noreton Bay, bringing
ass p,s,eDeeTs and sen s.p.rsures have been sixty
though many OF her sseDgcrs would pr1ceed fro
Melbourne CHE first pert Of ssl to Adelaide and to SIN
gapore BY 6gures-whic however, must Do regarded
approx nsit appears that for the last twenty
days the excsss # departing pas over arrivals
has been I've OF which the NUMBER OF departures for Vic
toIa has exceeded the arrivals from that colony By two
huI died and sixteen Besides this flo wing and counter
ho.iIg Of population BY water between the two gold
which to large tent coDfouDds any calculations 10
the auc Of the social in either colony In
the Of The ChuMn for the passengers proceeding
other porte and it msy also be mentioned that the
thip Cleopatra Ia houly expected from Melbourne with,
probably sso hundred passsngers which win about ba
lance he account
In sydney strong dis position prevails to speculate in
the formation Of paDies for worl ing the mineral
lands Of the colony hut those projects ut present
almost .holly copfned 70 Of substantial and
esaoHthsd cbarscter and with the fae.s tsiore the
public which have already been disclosed 70 the
doubted richness Ct many districts in copper lead aud
iron, well the precious METALS and with the shsres
OF only copper mining company 81 100 cent pre-
MUM it is not surprising that the attention OF close
thinking ob,ervant should be directed to
nortsDt Developments of these yet concei OF
pstuIal wealth, Among the remarkable charges
which the peaent year will bring about none win be
greater more valuable to society than the extended
results of il dustrial enterprise.
BY the escorts from the Ovens and the Northern dig
sydney It is expected that the WoolIoomooloo sailing
for LoI don 20 morrow morning wiz take away nearly
90 go Inc pIice now rules at 7s 3D. to Cd Tor
Victoria and 74s. 3d. to I'd. for New South W lles.
from the Sydney Morning Herald, April POI
On the Of the WoolOonooloos departure from this
port for Ii gland take The opportunity Of Offering to
our readers IN the mother country few observations ON
the Eent aspect Of afIal in New South Wales.
And in he first ps must remark that subject
sccnpies more general attention just in CONNER
csl circles than The extremely unsatisfactory state OF
steam communication with Eoaland. The Austria
liam Roy Ms Steam Compsnys ship Adelaide, Is more
ws her . W.T.
former, disappointment at the non-arrival OF her mails
has in some desree given way to deep anxiety for the
whatever having been received Of her movements sincs
the end Of December, when she 10 resume her wy
have mot with fatal disaster. The consequent OF
these disastrous delays In postal communications
have o. course been sxcssonsy mkssns 70 the rsoe
private letters In Sydney of later date than October be-
Ing tboe hr Ought out ~ tho Melbourne In many ia
stances o1 them elves in thu strange
sitioL of having received goods without tie invoices
TIE latter Having been tlar amitttd by the steamers
mails phder the full expectation that they would
to hard lrs before the cargoe- procsss just the
OF Wha, bas happened But the merchandise being
10 wgsnt sales are effected A. conecoral pees
lotd being taken, however b. leave sn pie
gin for profit whatever the invoice prices may tn OUT
oieed the aspropor,ion between tn, demands Of our
narBet and its suppbcs, in aDos every OF
goods never great and 70 try IS II ID at tAs
sasies articles for eating and drinking articles fDr
an usirg, are AZ the pr!mum OF stock and maxi
o. price, Advances on clss price in England aiken
rot partially but generally not he pson OF trade
but its rule. were never 70 enormous as now. Our
as high a. leo I5O 200, 900 AGO ar even 2,4Go per
cent What viii britih trsdesr1en, accustomed small
profits ard quick returns, think of thisespsciay when
they told that these egan,ic profits coupled with
the guickpess Of return the transaction resul
ing 10. from any mania Of speculation, but from sober
estimate OF the actual wants Of the market for daily
consumption The importer asks high prices baoause he
knews The retail veIder we'll afford TO pay them, tho
latter moving IN turn, that the majority Of his custom
eYs must and will have the goods what they may
1hs fsctia in gold countries the ordinary rules sor
calculating the restons between supply denacd 10
no. hold gotd The usual basis OF such calculations IL
the number Of individuals TO bs provided for. The
camille experience OF the world affords cient clue TO
the average ptcn Of given desert ,ton OF
chsbdse by'a given amount OF population. But with
regard countries teeming wi h aurerous wealth such
experience has yet 10 b. acquired. The United States
may, indeed have begun to acquire II from their trans
actions with California but the merchants of Great Bril-
have The lesson to learn The extraordinary change
which has taken place the Australian markets within
tbe Istt tweve fifteen months IL yet clearly
derscod in British counting houses Hence The vast
dsproporoD between the numbers Of oopastners who
have emc'ed and the quantities Of goods which have
| accompanied or followed them.
We speak within the truth when say that any cii
culaticn "a TO the present and future capacity o. me
Australian markets tased the Of years nn.
,eior TO great discovery, would 81 fault II guidel
only BY The relative numbers lopu aon End dd BOT
Il