The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-12-23
AUS r Al A STA. +

Commercial Affairs and Mining Progress
Interceionial Exhibition-The Labor Mar.
ket-Theatricnis, &c.
BY way of Panama we have advices from Australis
and New Zealand dated at Sydney TO tho lss and from
Wellington 10 tho sth Of November.
Our hles contain the following news summary, which
is three weeks later
Sydney advces report that since the departure Of last
mail via Panama commercial affairs have been In
satisfactory position Several large houses have
smaller ones Tho aggregate liabilities Of those who have
suspended payment amounts about half million ster-
the estates Of Messrs E. Threkcld Co. and Messrs,
Wilkinson Brothers. American house, doing business
chiefly with Boston, Valparaiso and California These
two rms are almost the only that engaged IN
foreign trade Tho debts owing by the others nearly
all local. rho feeling at present Is that have the
OF il; and although the losses incurred BY many
ri commercial houses have been very large there
does not appear to be any probability Of any old esab
lishcd firms being compelled to suspend payment
The prospect Of an unusually good harvest almost
ready and the fact that unless something very
binary OCCURS we shall have sufficient grain In the colo.
for the years consumption, gives cheering aspect
TO the future. The amount Of hard cash which has
gone ont OF the Australian colonies breadstus during
the past three seasons cannot have been less than
million and half sterling. Under favorable cir
cumstances the whole Of this money wond have passed
into the hands OF fsrmers without the expenditure
OF any more capital than they lost in efforts which
drought, blight, rnst and floods rendered useless s
calculated that South Australia alone will this season
have surplus Of over 100000 tons OF bresdstus and
the crops OF own colony will be much larger than
was anticipated month ago.
The intercolonial exhibition for 1865 was formally
naugurned Melbourne the Oath OF October by
Governor of Victoria The exhibition SAID have
afforded ono Of the most extensive as well Of the
most successful displays Of colonial manufactures and
industries ever known In Australia
Tho report that Dan aetchell the American comedian,
had arrived safely Was unfounded. No tidings were
received Of the vessel in which he sailed and the
IL apparent that Dan will never convuse another
audience with his rendition Of standard comedy.
Large numbers of unemployed workmen had solicited
tho American Consul for free
two thousand aborers in sydney seeking work
The sydney Herald Of November gives the following
quotations OF american goodsThe arrival Of the Sat
tara al this port and several vessels at Melbourne has
oyerstocked the Market and any articles quilted at
ton have left large loss ID oysters worth l6s
70 l7s month The high prices asked for American
lumber has brought New Zealand and colonial timber
into better demand, and importers Of American find
difficult TO obtain prices that will expenses Ore
gon deals offering at I6s to lis per 100 feet super
clear pine as 3d. 10 doors and sahes 10 TO 10 per
cent discount. American peg boots bring from invoice
10 10 discount according to suitability for colonial trade
shipment G dried apples the first that have been in
the parkct for months, is still in first hands, and held
for 10d per h. For American hardware prices quite
nominal, and at the price offered importers refuse
sell There is limited sale for cut nails at 27s 3D. to
brands worth A. inferior 49, lod TOBACCO market Ian.
guild. The trade purchase with caution, owing TO the
unreliable condition OF most OF the shipments received
this year The auction sales for the month have been
limited.
NEW ZEALAND.
The Governor Sir George Grey, prorocued the As.
seynhly OF New Zealand on Monday tho SIN of October
In his speech he alluded to the new mode Of raising
taxes by stamp duties as being sounder and moro
equitable system of taxation than Is possible by custom
duties He also said 'the attention OF my government
will be directed during the the consideration Of
general measure having for its object the establish
men OF municipal institutions throughout the country
on large and liberal scale.
The west coast gold mines continued to improve
The older fields continued TO yield returns
The receipts Of treasure at Dunedin show increase of
several thousand ounces monthly.
TIE MAoRIg
continued their deorcdations Thew had met with
serious defeat. however, by the English forces under
Major Mcdowell.