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MELBOURNE GOLD CIRCULAR.
Saturday, December 8th, 1855.
During the week the price has been steady at 75s.
per os., with a chance of a fall before long, as it is
likely that Exchanges will be still lower in England,
but this will not have much effect upon the market,
as by smelting the gold in Sydney and buying drafts
there upon England, a very handsome profit will |
accrue. j
The yield from our fields is decidedly increasing, '
and from Fiery Creek tho quantity in vevy large.
There, can be little doubt of this becoming a perma
nent Held. A great number of persons have left
there lately for Ararat, which place will, therefore,
havo a good prospecting.
j Tho sscond escort from Mount Blackwood has
arrived, bringing upwards of 1000 oz., or four times
the quantity that was brought last week ; this will
revive the drooping spirits of the storekeepers.
J Tho employment of good machinery for the elimi
nation of gold from quartz, is every day becoming
' more necessary, and many places are untouched
where gold is known to exist in considerable quantity
! In consequence of the want of machinery to crush
with.
At Anderson's Creek and Caledonia, many reefs
are already opened by diggers who are anxiously
waiting for the capitalist to supply the necessary
apparatus to reward their labors. Some quartz
' assayed to-day by us yields 64 oz. to the ton by ordi
nary means, and which would be the practical result
obtained by a proper machine .
There is much want for a hand-machine that would
crush from one to two tons effectually per day ; some
of our machinists would do well to construct one, as
hundreds could bo sold at from £40 to j£50 each.
RECEIPTS TER ESCORTS.
Name of Gold Field. Quantity.
oz. dwt.
Castleinaine, .. .. 6357 0
Sandhurst . . . . 6684 0
Heathcotc ? 830 0
Ballarat, .. .. 14,880 15
Avoca .. .. .. 646' 0'
Creswick's Creek . ? .. :.. 125.7 10
Mount Franklyn .. .. 260 0
Amherst .. . . ., 483 0 ?
Fiery Creek .. .. 6540 .10 ?
Maryborough ? 3357 0
Beechworth ... ... 11610 10
Buckland River .. .. 347 10
Mount Blackwood ... 1315 0
Ballarat (for Geelong) : ... 2352 15
Creswick (ditto) ... , 652 5
Total.. .. .. 56,383 15.
WILLIAM~CLARKE,
?''.,' Gold Broker.
67 Collins street east, and
86 Elizabeth street.
$