The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-08-09

date object must be the settlement Of the duty
question At 6hanghae, and, If practicable, 70 pro
coed to Japan.
His Exceilency the American Minister has visited
Foochow In the Confucius steamer, and on his re-
turn to Sharghae proceeded up the Yang sse kiang
to Nankin with the Straightforward, and II Is re-
ported he may visit the Yellow River.
The pirates are again getting formidable ON the
west coast. The Dutch ship Paul Johann, 700 tons,
arrived here on the 25th ult, had been taken pcs
session Of but being only coal laden, the pirates
released her. after taking everything valuable. The
captain and crew were wounded, and the mate
being severely injured was thrown overheard by the
pirates.
By the overland mail we have received intelli-
gence from Melbourne to the 30th of May, and
from 6y dney to the 26th Of the same month. The
information, however, il Of no great Importance.
The Right Rev. DR.. Davis, Roman Catholic Bishop,
had died just before the starting of the mail.
MELBOURNE, May 20, 1854.
The gold market remains at our last quotations,
The week has opened without any Improvement
in mercantile affairs. Very little business was
trans acted on Change to-day.
6EELONG.
From the Geelopg Gold Circular, May 27l
There has been no alteration during the week in
the buying price, 1t remaining ct last quotations
from "a Sd. to "a 3d., and in some instances, for
large parcels "a Sd. There have been very few
diegers parcels offered the amount by escort being
almost entirely the c0nsignments Of the buying
agencies on the fields. The reports for the week
fiom the different diggiDgs stin show fayorably.
As some Of the low grounds are getting unavoidable
from the wet season, other localities are found to
turn out WELL and there Is every prospect Of good
stroke Of business being done this winter.
Creswick's creek is steadily improving the yield
is now considerable-it takes the appearance of q
permanent field.
The Wardy Yallock is all but deserted; il has
never shown any great instances Of individual sue.
get
OF the population. This Is very good field for
new hands and diggers without the necessary CAPT
tai for the heavy Ballarat sinking; the holes ave-
though not in heavy patches. Some Of tho store.
keepers there, and the land owners in the neigh
borbood. have entered into . subscription for the
purpose Of having the district more fully explored.
gold shows very readily in the prospecting dish,
and in some places much more readily than In the
present locale, (smy the's Creek.)
The Avoca fields are progressing favorably, but
there exists considerable drawback in the escort
regulations an inconvenience that is getting more
apparent with the increased business with that quar-
ter The parties in operation are from this sde do
and easier to Geelong than than to Melbourne, and
yet, instead of their geld yield joining weekly the
Balarat escort, it is taken once fortnight by the
cEcuitous route Of Csstlemaine and Melbourne.
business. Receipts from this quarter must be- held
in hand one month at an average, before the gold
can be had from the Geelong treasury.
Since last circular there has arrived by escort, az
follows
OF. ducts.
Mount Alexander escort. ...........1 6,0el
Baaras escort ......................l6 ,l57
ro<ay 90 200 a
Exchange on London.-The banks sell their drafts
on England at per cent premium.
Freight Of gold delivered in London, Al per cent.
Insurance on gold, 81 guineas per cent, exclusive
of war risk.
SYDNEY, May 20, 1854.
There ID no alteration In mercantile matters, but
prices are fully maintained. Advices from England
q TO the general nature Of the supplies Of the world
create some serious apprehensions that the price OF
grain and flour will rise to extreme rates
The Brentwood diggings are said to have been
more PFC ductive during the past week than ever.
Ing Provisions are high, and gold selling at from
TIE. TO 74s. per ounce. Carriage from Sydney A0
per ton. From the northern gold fields, 1858
from December 70, 1853, to May IL, 1854, ex.
elusive Of smaller quantities brought down by pri-
vate parties. The accounts from the northern dig.
gings seem as cheering as from the southern.
The market for European imported produce may
be considered frmer than at our last notice. At
present, the market here is quiet, but with ten.
dency to rise, and openly, there appears dispo.
siton to speculation. There 10 also an increased de-
mand for brandy, which may be said to be . shade
higher than at our last quotations.
From the Melbourne Argus Nay 26.l
We shall commence our historical record from the
18th March last, the date Of our summary by the
Chusan.
We are enabled again to report favorably OF the
condition and prospects of the country. The pre-
sent season hitherto has been . remarkable and
pleasing contrast to that Of last year. Large guam
titles Of agricultural lands have been purchased,
and fencing operations are in full vigor on most Of
the lines Of road. Agricultural laborers and agri
cultural implements, seed wheat, and seed oats,
have been in great demand; and 1t is certain that
very large additional breadth Of land viii this year
be put under crop.
Since our last no new gold fields have been dis
covered, and the full value Of the new diggings at
TarreDgower and Omeo, of which we have pre-
viousy spoken, has not been sscertained. IS
favorable circumstance we may mention, however,
that nugget weighing l9k ounces has been re-
Gently discovered ct this new locality, afording
another instance Of the great diffusion Of the pre-
Commercial Affair.",
LONDON MONEY MARxET July 2s, twelve o'clock The
sns BUSINESS dons conso opsned s
for money and ok 02s for account and in the
Of the morning an improvement of e took place. Re-
uuCeu Wcre quoteo per cente,
92H SO. Exchequsr bills maintain yesterdays RISE par
to 30. prem, and India bonds are Is. to g. prem.
Rank stock ia counted higher at 2o to 212 India stock
800 a226 Theirs material teration in foreign Sc
curtits The settlement in these and In railway shares
has proved very light.
Tho quality Of gold brought by the passengers per
Queen Of Sheba from Adelaide reported to have been
1900 ounces worth fl8 600 The sailing OF the follow
ing additional gold vessels ia reported per overland mail
from Melbourne go $50 Of gold and E3 200 Of
soveregns Indian Queen Liverpool and q ounces
Of gold per Rhoderck Dhu for Glasgow 10 500 ounces
by the Roseberry, from ,Geelong, for London. The
value Of these shipments Is about f2sS 100.
FouR 0CIoCK.-Ihe English funds closed steady with
consols ct q2h fer money, and 92l q 92M for &C.
count. Reduced, 923x 92K. 81 Per cents e3Ix e3k
The unfunded securities firm mt former prices. The only
other business recorded in foreign stocks in Spanish
bonds at s75 OK div and Spanish Deferred ut lS or
DIV There s very little alteration In price in raiwav
t3A cay. lancashire and Yorkshire 67J; miaisrd.
SeM o.; Antwerp and ROTTERDAM shares s55 East