The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-04-04
C0MMER GAL AFFAIRS.
HONEY MARKET.
Tuesday, April 3

Iuesuay, april So - Me
The stock market opened little more buoyaut t.
day. prices hrmsr but not better W. do not
see any favorable change IN the money market. aud
No do net expect to- until the Importation of specie
commences. One Of til. principal causes Of tbs tight
ness 10 the market at this moment 10 tho large pur-
cbsses OF exchange for remittsses to Londos re-
turns In epesie A. the specie begins to come
the money market will b. relieved and the bulls will
have another opportunity to initiate prices for the fam
c'es. At tho first board to day, Farmers Loan i'd
vsnced y per cent, Psnpsylvans SIS y, United States
6s 1867, y. Rssdipg Railroad declined - all others
closed at prices current yesterday The not
srge and there very little stock upon tho market
there beirg NO disposition to force sales.
Considerable anxiety exists to receive sdvioss BY the
Northerner, from Chssrss. Her delay Is almost uu.
accountable. IL IL possible she waited over her
time for the arrival OF the California from San
Francisco and she may not be here several days
It would be bstsr to wait several days for her. rather
than she should bring accounts from Csfor.
MA Great dissppointmsnt has been expressed at ths
delay in not receiving geld, and st the small amount
received. The difficulty experienced Ia getting con
veysnce from California down the coast has been the
principal Of the delay, and large,
sums than those received, reaching Us. It has ho~
commenced coming and she Of trade will
not only keep up the supply, but will refuad Ill
the capital Invested In the enterprise.
1t estimsted that at least t~snty milliens Of dol
lars have been employed in this business In the pur
ohass Of vessels, csrsos., outfits machines 80 sad
It will be at least six hs from thi, time before W
shall have returns to any extent from the expedite a.
htd frsm this part Of the ary within past
months lis, therefore, esily that tn. aasisi-
pa,ioDs ofmost people are premature; that Il 10 much
too early to look for returns from Of merchsn
disc clipped within the period named, or from the
operations Of those who recently left for tbs dgyog
section OF the country There Is . good tims coming
In California affairs By the oommenoemsns ofthe Dig
sng season this year. there will DO least SO 900 dig
gers In the Mines average ounce gold
Per day which, Is Gov Mason the total produce
ton will amount to about million Of dollars psv
doy-equai to fwo Hundred millions Of doHpspsr
IN the event Of such sum being proda ,sd Csf,raa
will present markets for products and mauufAe-
ures vastly superior to those OF oshsr coaatsy
the face Of the earth. 1t will create dems Id for sur
manufactures that will give immense inpstus -
this branch Of industry. and increase densstis
ooprum pton that there will be- in the eourss II
another twelve that necessity for protvooa and
government support which exists to certain sxtsnt
at preteht
We really know very little about the resources OF
California 1T this moment. Tbs gold mines OF that
country BY NO means the only sources Of wealth.
- Its quicksilver mines will vie In rohnsss With aay
ether mineral. We shau know more 10 few months
about the mineral wealth Of Calfosna thaa has ever
before been discovered The em'grAnts wnioh have
eft our chores, are not to be delayed in their pro
gress by small matters They will, in less THAI
one year, explore every portion Of that country,
and leave Lo stone unturned to get ut the precious
m tai beneath intelligent, enter prs,ns osss
Of people than those who have gone from the Alta atii
ports TO California never Left any country and ~
have NO fears but that they will work out their own
salvation We shai make of Cshforaia ths "a suv
other nation under the soud, aud IL IL an inter.
pos,tion Of Divine Providsncs that events we're 40
mapped Is 10 place the prize In hands That & will
become the greatest commercial p.s,ion of the
Pacific shores, va have doubt than th At shn
city wiz before the lapse Of many years. BE- the grand
commercial and ansnc,ai centre OF the worio
As regards the rsceyt Of & I'D from Cafor MIA, the
tide viii soon set sts,diy this gay; sua although ~
nr'' It viii not b. strength will increase In ,.laas