The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-12


cotton, and trust it will be sustained. All the .s-
pents Of trade certainly in favor OF the aprovs
pent, and shs only draybact is the production. In
the event Of the crop be.us two And sarteG pluon1
Of bales it will be dicultto keep prices up to points
current few weeks will settle all these things
dsanitsy; but in the meantime spectators will
get the steam up so high that Their. will b. great
danger Ct collapse Thers il very little more
from Europe Of particular interest to this country
The prospect Of ssy extensive demand for bread
stufs was rather poor and cannot calculate upon
any improvement to an extent sufficient to initiate
prices in thls country 1t Is necessary FOR large
consumption Of cotton In Great Britain, that food
should continue cheap. We have such a large
surplus Of beadstus and the crops in England asd
the Continent have proved go abundant that there Is
very little probability Of provisions Of sny Kind Being
high This a strong argument in favor Of high prices
for cotton, snd full mpoyment for the
classes of Europe The settlement Of the political DIFF
feulties on the Contisent, which threatened st one
time to involve ali the great powers 10 6bs gsrsral
have been smcably arranged for the present aad
this Is In favor OF larger consumption of cotton than
usual There are, therefore many reasons for autci
pstins an extensive demand the raw material and
OF course permanent improvement in prices and but
one that thi. In favor OF lover
for consols had advanced considerably according the
latest sdvioes the result doubtless Of favorable
from Russia Money continued easy in London, aud
the Of interest ruled ct the lowest points The
ehesppess OF money gave Spectators In ostton great
facilities for purchasing and holding and in the event
Of tho movement becoming estsbli,hed on . sound
basis the spinnsrs Of Europe will have to pay
prices the material to keep their chinery
operation.
The Intelligence from California il interesting, but
by means so favorable as generally anticipated
The Oregon, At Panama from San Francisco brought
down shout 100000 freight, and the passengers
have about two hundred thousand dollars in their
trunks This makes fetal Of about 81 900 received
from the gold mines Of California Our asvioes from
San Francisco TO the LIST Of October The digging
season ct that time nearly over, and the miners
fockirg into San Francisco ia large numbers
their way to the Atlantic ports. We learn that steam
for Panama, which to leave California during
the psXt four nonhs, have been already filed up and
that tickets CONN nd large premium. It appears by
this that there sch anxiety to ret away from
as 20 get to San Francisco. The miners have not
made out well this they did last, they
expected 1t i, estimated that about 100000 have been
In the mines this and that the average prodat
Of gold dust has been more than four dollars per
head. This, IN the aggregate will make . very largo
tn. snsness will not prove profitable antie psted
1t the opinion Of those who have just returned from
the mines. that the harvest has been gathered and
that after this year the production will be- limited
that the cost of working the mnes will be the
market vslue Of tho metal that comparatively a
limited number will he engaged in the mining business
1t Is impossible to tell what will be the rssult
Of this enormous speculation, how many will
be ruined, Many have already mad. moderate
fortunes; but greater number have Lost everything
they Rad in the shape Of money and health or q
feet Of between ak and seven hundred vessels which
have left tho Atlantic ports Of this country only
tbrse hundred bad arrived ct San Francisco o. tho
latest date and yet not OF the number has
returned There IL an Immense capital locked up In
this fleet OF rchantmen which s at present aud Ia
likely to be for long time useless and inactive This
will entail heavy losses upon the owners. but in the
event Of any disaster overtakng the ppiug ia tho
haTbor Of San Francisco. in the shape Of fire. 1t will
bankrupt hundreds who have invested their whole capt.
tai in the enterprise Prices for property Of all kuis
In California except real estate rapidly srec.
ating and very few articles bringing enough to
pay charges, to say nothing sbsut cost. The large
number Of vessels their way to California from all
parts the world will add largely to the supply OF all
kinds Of merchandise; but the immigration into that
country is 40 great 1t Is our impression that be-
now; but have idea that In suy event they will
pay even to shippers. As regards the position ~
San Francisco as en- important commercial depot We
never had but opinion IL isEunsurpassed, and
must before the lapse OF many years be the greatest
depot OF commerce the shores OF the Pacific. The
trade Of this country and Europe with the East Indies
must pass through that port and that alone Is So
cisnt TO give great wealth and mportauce So far
our knowledge Of the agricultural OF Cali
forpa extends must confess that Il ha, given us
rather unfavoratle impression The limited extent
Of nsbe sol viii corap.l its population to depend al
most entirely upon the production Of ts pin.s and it
commercial advantages; but they. doubtless are sum
eent support tustIiu, and perhaps enrich, great
number 81 inhabitants.
We find, in European files long article. relative
TO the operations Of ding spectators in railway
sorIani-s insurance companies, banking companies
and AL kinds Of incorporated similar TO those
which have thus far been successfully carried on
this country II appears that IN all parts Of the world
there manage 10 get into tho confidence Of
the public aud secure fortunes by robbiug literally
robbing the poorer classes and running thousau who
previously in the enjoyment of moderate cope.
t.ney We bars recently falian upon bevy Of those
dres, 10 rerJ niiast, II il deternns
tion 20 them out, aud expose all their nefsrous
transactions. We have, for the pas, sir months, beeu
probi, the Affairs Of fancy railroad comp and
are net Yet hall through with them
ADILsrIsErENIS RENEWED EVERY baY.