The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-10-22
USTRALASIA.
our PANAMA CORRESPONDENCE.

interesting News from Australia. New Zen-
land, Ac.-Great Financial Excitement In
Melbourne Thc Ministry Compelled to Re-
sign and the Governors Policy Condemned
Unsettled Condition of New Zealand
Anxiety Of New Zenlandcrs ca Open Trade
with New York aud the MasunI Advnnta ages
10 be Derived from II, &c.
PAsArA, Oct 10. $500
AUSTRALIA.
Tho steamer Rakais Captain Wright reached Panama
on the 9th Inst ringing dates from Sydnsy, Australia
TO the ls', and .o4 Wellington. New Zealand to the
sih Of scpcmosr Tho most important item Of news
brought by the Il. ga that concerning the
rixASc IscirExgsr nKnSouRsE
The last adyice rom Aus.raasia and the Indies led
me 70 believe that tho suspension or Agra Master
mans Bank Of London, Calcutta snd Melbourne,
would cause financial embarrassment heretofore IN
known In the various colonies sf South Aus
ualia. The general distress YES even greater
than wo bad anticipated Business for tho Time
was paray red and until later perscA seemed
TO suggest feasible plan Of relief rom the crushing
effect OF the calamity. According 70 the Melbourne
Argus tho government tried the strfuosncy OF the
money market by the issue Of . million dollars In
Treasury notes, but when the question cone NJ IN the
Asscmby tho measure vas dsfssisd mo hiniatry 81
once resigned, but Afterwards the nav kipisiv soc
the issus Of million and half u Treasury bonds. Al
ten per cent This was considered DISASTROUS 20 tho
interests o. tho o %h, genuine political rampa.
ministries successfully entered and we're deposed
from oaice The eolonls,s y : public meeting
immediate recall Of Governor Bowen, who Ia claimed 10
have fed the panic rather than 10 have alayed pre-
excitement was increasing, and the future was looked
forward TO with feelings of the keenes, apprehension.
that of The hank Of Queensland ths iabnes q which
amounted TO about fi25,oo0 Other failures Of great
magnitude were announced but none 20 generally
affected the interests Of the middle classes
COMMERCIAL
American goods and produce were IN far demand
The tobacco market very stringent but The prospect
already The way from that port had relieving effect
The lumber market was only partially supped ~ lhe
Deals worth lis Cd per 100, pitch pine 3os. The
following quotations Of the principal articles OF nsr'
chandse Peg boots lisa 2os Ames b. shoyeis TO-
sos u handled do s0s a 52s Collins ares, handled.
TSs 500 rosn $50 20 ga l0s salt salmon, scarce,
isa pI; poIna 81 ree sa and od 81
10 ~ ID quicksilver was IN demspd Al D tobacco,
twist, l. ed TO T. o. fine tens were 70 demand a. u
81 70 l.. Cd gold leaf 2. American negfohssd a. ID
nscnI,Srou tws
The new Governor ~ Victoria H Manners Sutton bad
held his hn, ievee " The ga q august
Matters in New Zealand rather unsettled The
government party with defeat IN tho Legs
latnrc with regard 10 their financial schemes and tho
resignation Of the Ministry Immediately foiossf a
Ministry had been composed o. The following psr
cons. Mr. stafford Prnnlsf. Mr. t,rgerald, tolnnia
Treasurer. Mr. Hall, PONtmaHfef scnefA MT hiNAs
mond, Com missioner q Customs. coorsl Haitian. De
fence Minister, and Messr Richardson and JohnsoBi
Who remained without portfolios
Tua sAoKi
still dragged s slow length along The uoDfE unasf
the command Of Major McfoNell bad e1iaon Nth the
rebels the ~ n cptombar, and aief thrp nshnns
drove the enemy from biz position, with serious lpss
The government, seems 70 h. dssarmin.d " wage NI
m exiernpatlon against The Maaris who VIII no, other
wise cease their rcbcliioas practices
ssw rsaiAsDsHs 10 rchEAaH rmfh rHAnr rfH
ssw yopH
A correspondent wiring - the Panama star mentions
tho folowing inducements ~hich Nsm ksalanf orefs -
American traders and capitAiists.-
T4ng p@trosnn hss besn di.oorsref in several rAess
An hr province md 8s goid ana copper 0s- -
ing w.sk.d ftes. mining effort. u YET lnfanfI
I1~.vsf isYta capital ard AN 70 Msss SILVER and
rs.. ass .. az. .ss .s. - -, II aps u
discover Hestafs ~ his 80 pruTines y AefktANi -
sn.seiy supple. that gaiashs commodity. saafi gaaa
whh Amsra: 80 = 1ss.,' = ~ .ss ~, ~ y ~
greatly enhsneed fases, Instead ~ = hf'' hahA IRON
~ ~ .ous sea n ia lnsof,Anes u Ne ssv ksssad
lrase - New lofk sDi gAtf Auefican ~nr1fia"s ~
saos feN fgs. tie stslsrs ~ NJ es1nf Tor iS
| fubfshea ~ ~ eutarlsi rgfsfnmsai = -. -.
Total ~ Import 4. -
or HI. ,a.l soan, ne imgor. iron rrsd gln,fata
werr ~ 81 from tbe ed0Ny - stN r0slM NAts4
1,r,s ~sgs psinspsly 81 tssss eatirs. 10 u parf
1 N br.aastBrs ffurn South tnrsrrA GTi si4 an
| frorn ~ tai.sa s.sie. 90 - 80 sIgs- u.no
.os~ II opened sni~rfr,
~ to FNnars Nbr ~hch brings rsfisf
-ish gggfh Apsfee ana As tnisa sAas. ihAn ~ith ks
PIE ehsfastsfsai II ~ Aus4sse concentrating. ar
~ .ssnlpn y s.- xsslsst s.rss ~ tgwta ! shsa 1
sbs y sonngnlea~ InlormAisa y svnas,s sh@f.etsf
shall equally EYs1sfll