The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-03

COMMUNICATION WITH NEW YORK-oPINIoN OF
THE OBSERVATION-DISCLOSURES GOLD FIELDS.
BY way Of Panama we have from sydney Austria
liza, to July o-three days later
The time fixed for the duration Of the temporary ar
rangements hitherto subssting at the Sydney Mint having
expired his Exceency the Governor General has direct
ed the publication of the following regulations for the
cept and issue of gold at that establishment These
gulatons which appear in yesterdays Gazette June 28
will take effect from the "a Of July
lmporatons Of gold dust gold bullion for coinage
from II ounces upwards, will be received at this mint
daily Sundays and holidays excepted between the hours
Of II A. M and =. NJ, en- the following terms:-1. I'm
wards subject to charge of hreequaters per cent for
converting the same into coin. 2 Importations below
this amount will be coined at charge OF per cent 3.
The value Of the bullion win be determined on the
ports of the Mint Assayers A. Importatons will be
melted il preferred in the of the mporer the
importer will also be furnished demand with clip for
assay from his own ngots check the reports of
the Mint Assayers. The mint will ISSUE if required,
gold bullion in bars ingots at G3 It's the stand
O. The mint will be prepared afford accom-
mediation to limited extent to parties requiring early
payment fer their bullion, at advance of eourth
per cent the above charges. Payment in such
will be made within three days of delivery at the mint
The following descriptions Of bullion not admis
wrought gold (coins excepted, bullion containing
mercury metals foreign to the gold producing districts
of Australia and destructive OF the maeabity Of the
metal; bullion that has been tempered with in any way
g. Bullion which be recognized before melting
Objectionable the above grounds will not be received
but should after melting prove unfit for coinage for
the reasons enumerated it will be returned to the inn
porter subject charge sixpence per ounce on the
gross weight of the Importation
There is political news of Importance.
Every arrival brings additional confirmation Of the in
creased confidence Of the Australians in the Panama
route The last item is from the Sydney Times Of July 2
We subjoin portion OF it,
For time past have been of project set
foot by British capitalist largely connected with the
trade of the United States establish steam commun
cation between the Australian Colonies and New York
and London via ransma. TINS scheme which appears
Of embracing equal advantages to Sydney and Melbourne
this side and it conemplaes direct lines to London
and New York on the Atlantic.
to be effected by making Tahiti the entrepo for
the service in the Pacific and the final station for the
Panama steamers and continuing the commu ncaton by
branch lines to sydney and Melbourne. From Aspnwai
to London is proposed to enter int arrangements with
the Royal West India Mail Company for the conveyance
Of the English freight and passengers while the
nication will be carried through to New York by line
| of steamers belonging to the new company.
that by this line New York will be brought within forty
five days and London within fifty days Of Australia In
March the protector in England maturing his plans,
and he writes from Liverpool, the S Of that month,
as toows:-'As for passengers can average $50 per
month from New York alone; and ! anticipate that
double that number will take from this country
besides the British West India Islands from which the
emigration will be large The proposal has been fully
laid before the Governor General by the agents in Sgd
ney, in anticipation Of guaranteed subsidy and has,
we believe been communicated to the home government,
| with his Excellency's views on the subject.
The following is the principal commercial news
MacDonnell's gold circular, dated on July l, says
The demand has been brisk, but very little gold dust
quence Of the high price in Port Phillip viz: from e3
It's. I'D s3 ITS. 3D. per This, with export
duty added makes "a per ounce very high fgare
The escorts, western and southern, brought to the
Treasury this morning 2420 ozs dwts. This is not
average quantity when it is considered that the dggers
for time past have been keeping back the gold dust
to send to the royal mint for coinage. No doubt the
high price of god dust in Port Phillip and the abolition
of the license ice there have been the principal
the small supplies lately received from those digging
numbers coubt, leave for the Victoria Gold Fields
Twill he hrOuv hafo In.
gative Council and ought to be taken into considera
tion whether the abolition of the license system here
| would not be beneficial to the colony.
MARKETS.
SYDNEY, Friday (evenrg), June 29.-There has been
but little stir during the past week. Trade in general
still continues much depressed 1t is true that some
large sales have been made by auction yet these
be taken general criterion Of the market Our late
arrivals have contributed several articles in demand The
-four market is anxiousy watched The millers have
fused their usual quotations Brandy-Considerabe at
tenon has been paid TO this article during the week,
owing In grea the reduced stocks of good
brands hand. Many sales been effected private
~ for Marells at 12s 3D. Some small parcels have been
sold at lbs. Ale and Porerhe late arrivals have not
influenced the markets. There Is fair demand for
draught ale the stocks low and recent impor-
tations have done nothing than supply present
demands There is also an inquiry for draught porter,
and as few shipments expected prices going up;
bottled ale and porter rather dull except for vorite
brands TeaWe have had another addition TO this
ket by late arrival transactions worthy Of have
taken place. Coffee-Ths market Is very quiet Rice
Prices nominal Split Peas-None in the market;
few parcels from surplus stores have realized high
prices sugars-A parcel Of imitation Java sugar has
been sold privately from GA TO f24 Is 3D. per
$50 tons exchanged hands they purchase for
up country use The samples were in clean white mats
0imen's stores-parces have sold at auction and
prices for good brands remain rm considerable lots
Hill and Ledgers brand have been lately offered and
from their superior condition have had run and are
taken in preference Segars and doing
the market Is dull and purchases only made for home