The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-12-26
co NJ II Il RCIAL aPPAIRS.
MONEY MARKET.


This being Christmas, there meeting of the
board Of brokers, and consequently have quota
tons for stocks Business, generally suspended,
and the stores in the lower part of the city closed
The arrival of the steamship Empire City from Cha.
gres gives two weeks later intelligence from Cali
iornia, remittance of gold dust valued at half mil
lion of dollars and great number Of passengers from
the mining districts. The accounts received by this
arrival interesting and regards the production
Of gold full favorable those received by previous
steamers. The miaing had closed the rivers
rising, the miners coming down from the
mountains and San Francisco rapidly filing up
with people their way home to the Atlantic States.
Within the two weeks that had elapsed previous to the
Of the steamer Of the 18th Of November the
arrivals at San Francisco from all parts of the world
had been large aud there appeared to be falling of
In emigration. Prices for provisions all the necessares
and many Of the luxures of life, continued high and
the increase of population made it very probable that
the current rates, at least would be sustained. The
shipments Of all kinds Of goods from the Atlantic ports
have all along been large and still continue There
has not been from the first, any cessation At this
moment, some Of our best ships up for San Fran
CISCO The exorbant rates of freight charged
and chip goes out full 1t Is most extraordinary
with what rapdity tho California trade has sprung up
1t is only about twelve months since the movemen mt
first commenced and have at least fifteen first class
steamships engaged merely in the transportation of
passengers Three distinct lines have been formed
on the Atlantic side, and there will soon be
three the Pacific SIDE About eight hundred
vessels already employed in the outside trade,
representing q tonnage equal to fifteenth part
OF the aggregate employed In the entire
merce Of the United States. When look at this
movement in all its bearings are struck with as
tonishment and lost in rendering what will be the
result of this extraordinary and revu
ton In the Of commercial affairs One year ago
no one dreamed that such immense feet Of vessels
would End employment In conveying passengers provi
sions &c. to section of the world which had previous
to that time hardly been heard Of We have not yet
realized much from our California trade An
amount Of property has been shipped to San Francisco
but the returns have been comparatively limited,
within the past Elk weeks property to greater value
has been shipped to that point than the total
Of gold dust received in the United States from Cali
forna. We have sent out nearly much coin to San
Frsncisco have received from them In gold dust
II will thus be that out Of pocket large
amount and unless the gold along faster than 1t
has thus far and the shipments Of specie aud produce
continue to California at the rate realized up to this
time will be several years before the trade will begin
to pay and the balance be In our favor.
Counterfeit Sc, the City Bank Providence, II. T.,
In free circulation They we'll executed, but
unlike the true bills, which have covering the
entire centre.
The Bank Of the State of North Carolina has de-
clared . semi. annual dividend Of four per cent.
The Stockbridge and Pttsned Railroad Is done, and
regular trains have commenced running connecting
with those Of the Housstonic road.
The annexed statement exhibits the quotations for
foreign and domestic exchanges for specie and for
current money
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