The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-06-13
Interesting from Australia.
MEssRs. CALDWELL, TRAIN AND co.'s COMMERCIAL


MEEBoURsE, Australia, March Is, 1854.
Although tro months have elapsed since the issue of
last circular are unable to note improvement
in market. Contrary to expectations, Shipments
have continued to pour into already overburdened
market from all parts Of the world
Our latest dates from the United States to the 2sth
December and from England to 9Th January by the
land mail which has invariably brought the latest
intelligence In this connection we would recommend
this route to our American correspondents, until
certain communication il opened via Panama.
By our last advices shipments had fallen Of In Eng
land and few vessels we're leaving the United States but
the fact Of any being on the way sufficient to prevent
Since arrival in Nay the market has been govern
comes inside the Heads The arrivals from the Sta
have fully kept pace with former months and have
to report since the 9th Of January twelve ships
the Custom House from American ports-nostly from
New York and Boston-with assorted carpoes bearing
large proportion Of lumber.
With such continued importatons IL Ia utterly i'm
Possipie 70 lessen the stocks which have been
atpg during the past year Lave by ourselves for
few months without arrival report and promise
to give you moro cheering accounts We must have
respite before the trade will be worth following So long
as supply continues in excess Of demand prices cannot
be remunerave to the shipper; although pc of
not yet prepared dispose Of the surplus pr odacs
The customs returns show the following startling re-
suits in regard to the commerce Of this colony for the
year isss Imports 2iS sa2 ea7 le sSs 500 q which
an indebtedness of n. arly f5,0e00oo.
Notwithstanding the number Of warehouses that have
gone up In every street, storage has tendency to ad
Baysre waiting transportation TO Melbourne, which will
soon raise tao rate OF fghterage to its old figure.
The gold fields stil continue prolific the price Is
most emunerative to the digger The average produc
ton since the LIST of January 1884, has been about a.
600 ounces per week. and the quantity shipped during
the present year to 18th March, ia bi 275 ounces or
over twenty one and& thrd tons, valued at about e.
On the 2lst inAAst3fhe banks advanced the rate OF
exchange 70 three pr cent premium Gold Ia quot
ed at fa 10 O. thsAi1kst price IT has yet reached
rivals departures from LIST Of Japuary 1854 TO date
about ID 600, averaging over thousand q week the
largest portion Of which Is from Great Britain.
The arrival Of some thousand two hundred China
reports several ships the way from China others
about leaving all with full Compliments of passengers
should the arrivals continue in this ratio our Chinese
population will soon vie with that Of California
The imporations OF foreign -four for the last eight
vecks have been light and supplies from South Aus
trals which up to last month much heavier than
sequence has been much bet ter feeling in the our mar.
ket First quality Adelaide readily sells at S33 s3a per
tom Gillian Is worth pound two less; while newly
imported Gaego and Haxal would quickly, at COS.
Obs Ter Dbl The Marias cargo, from Richmond, Va
arrived on the 18th inst sold at about eos guaran
teed sweet. We have heard Of one or two instances
where these ayorte brands have turned out badly Some
OF the sartele's cargo less sour and we
know OF another lot OF 300 barrels Haxa about hten
per cent OF which was changed We mention this 70 slow
that great care should be taken the shipment ~
these brands. small lot Of Suffolk mills. in tins,
p, aSo lSs. Another parcel, same brand, In
would not recommend either mode Of shipment. The
TINS are altogether too expensive, and the -four
IN the latter packages invariably smells Of the casks
About 10 600 bbs Of -four shipped to England
IN January and 1000 bbs purchased this week for
he same market at about los. but this by
Hears oil the stock nearly all the n0ur Of last yssrs