The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-09-19

suritiss aud the employment of thu proceeds in
a~rsssI pursuits This With the reduced dsnsnti Ia
Europs the result gilmore paassabi- times tbs Goa
tipsut has reduced govsrume securities from
teen per premium to steven snd t~sivs cent
Uni,sd States stocks purchased the soutasat. NJ
moderate prices have rsesutly TO Lou+en
for sale at the advanced premium. aai tia. market
bas therefore, been supplied pretty freely fran two
sources, without feeling n corr spending demtn TT
ipv.s'm+pt or for speeuistoo Il isth~ general impress
siop In his market, that further decline will no sx
p.risneed. only. however t. moderate extent Money
continues exceedingly sbuudant aud loans are easily
Effected ON ra four per Prices for bu 'iness
paper in the sriterion.of the state ~ the
Dsb.y market. We find that when moasy Is lie rally
tefgpg for etnpoy the 0f four par cent an
government security busioess paper viii be selling 10
the si,et at rstes varying from seven to twelve and
fftssp per cant SO much depend. upou the quality of
the paper offered the length OF t,e bsfra &c mstnres
the pscessias Of tbp holder &c. sc that H. Il moos.
sibls form any idea such things, OF the s,taa
state Of a e market
Amidst the existing abundance OF money it would
be ell look little ahead and ser II there IL not
probability of more immediate ehaegs than APP
pears upon the face Of things IL Is vel known that
DUNG the revolutions in Europe an immense sn0uat
Of capital sent to England for safe ksepuy this
capital Is now finding its way back and there will
be quite drain. for time. upon Eugland This
may require the .b pm. Of large amounts Of specie
and exchanges for period will rule against Great BIZ
tain We s-e that money la England at the last
dates in demand of which attribute I'd the
charge ia the current Of capital This will no ubt,
affect the money markets Of this country rs all ths
.oiate available means OF foreigners here will be-
called for and nt RENTED Prompt and full pay
peIt for i'm port atoDs will be d.mandsd aud all
bslanefs Ia favor Of the other aide forth
With iiaudsted tigh,nsss in he money markets Of
England win surely be- followed by n contraction
throughout The United States; and lbe former Is
very hkely TO ase place IL would be veil tor pre-
Psrr for the latter in time to prevent suy serious
sequences
Iri.srsued by many that the receipts Of gold from
California VII from this time forward. be- large that
gh,nets In the money market is utter i'm oossibi
,ity There IL doubt but that shall receive by
nearly every steamer from San Francisco large
al torIia gold which will enter at into crou-
IsoD of The country and ultimately into that OF the
world stsrae Judging from the amount that has al.
rtsday be,n received aud the average realized
In III. mines, by each miner during the past year.
aud 20 far ~ hporn this the production viii be full
large the mtt ssnguiue have predicted 1t IL ssti
mated that ut least fifty thousand miners will be-
smong the mines before the close Of the present year
thIiy hou'snd The digging season turns out to be
mueh shorter than anticipated in consequence OF the
snowf. fr-sheie rains, heat OF weather icknsss &c
and the actual length OF the season is therefore not
dsbpi,'ly stoer;ain~d 1t would be estimating upon
very imperfect cstA TO attempt any calculations
tive TO the individual the aggregate produc
tiop for the year bat that 1t will be large
for moment doubt IL may reach "a high as t~saty
millions, and the probability is that 1t will vary
~.
CANT IDA Of the Dexhsustbilty u the gold mines oS
California that We bad ct first, that Is enter
tanned BY many at present Forty or hfty Thousand
miners will in one year. dig over pretty thoroughly
svry large extent OF territory, and the probability Is
that the richest sections will b. pretty nearly used up
after year or two. The cpIion OF those Who iot
matsly acquainted With the mining regions Of Csf,r
ps, IL that after TITO fret year the dssngs
will b. exhausted and miners viii have TO depsad
trsy upon the dry dggings which will, By that time,
psy man too or tbr,e dolarss day for hard labor.
his will probably BE- the result Of ths movement 90
far ~ digging gold Ia concerned.
The rapid rise Of California Q CON nsrcial country
ID one u the most extraordinary events AZ the age
Tvsvs months age, there not than ire
thoussnd people In the whole Of that country and ut
this moment, Ss have doubs there sigh
~ heusnd The lat steamer from this port for Cha
gree, carried out mail for California; containing
than twenty thousand letters, and as this monont
there In the port Of Sac Fraucsso least three
hundred ssi Of vsssel. from ships OF eight hundred
teps down to pilot boats An Immense capital IL
locked up In these vessels ~ It IL inpossible for
'beM to get away, and they have TO lay up In or
diDsry. They are literally Withdraw from the
commerce Of the world, apa will be long time before
they ct into active employ m..t again. An imusnss
amount OF merchandise has already rssshsd the
As,s Of California, and prices have In numerous In
stances fallen below those current at the Atlsstc port
ct shipment There must, oooss2us ntly, be heavy
lossss, While the Will bs benefited ~ .
responding extent Unless the arrivals Of goods Sxn
Trsnes.so continos - large have already bsep
realised there must be change In prices for the
better, ,hs enormous emigration to that point
rrqsirs Isrse stocks Of merchandise and provi.oas
TIE loo prices ruling Ut the Istrrt dates will d.t~r
merchants hom making shipments, ana expect, b.
foe the lspss u many month"; ayorsbis hasss
In prlcss in the markets II California Too much
xeisatpi sii sxists Ia California 10 snabls To
obtain cco aud statements Of
state of rss there, particularly In reisioa 20 tbs
production u gold IL will take some ime % sstts
thinss dtwn can get holi OF soscunts sho~7s
the ccndtion 81 Affairs In tnat ntersslng portion
cf ih, world
III. sbpexsd statement exhibits the value Of ucr-
ehsnei,e insportsd into Boston for ths moath OF
Aursst, Ia ss~h Of the past t-o ysars H.
c"s.EEer ~ r"E fosr ~ Bosr.S-yALvs or r~rasr-.
A.s i-lf Ara.
Dutsbe kdf-. 9. ,Ts7 ia W g. as 81 10
trs. ACKNOWLEDGEMENTS. ~ e. ~ I35 bE %
kp. sis Observation-Disclosures. tsS75 ~ L. $50
sLs'1 AZ t4WT
sut 81 su;.o. PaIa srd deposited ssS5j 7it 1913 70
Ia vii b. os-erv.d By the sb1re state nsnt tha. the
imp,rt and apiIc, for ths last nonth exhibit v-y
aIts itnnse iho.- q the month Of August lat
ysS The increase Of dutisbis merchsa lie a.
siea s7 or shout 81 per cent; Of free d. ssiO.5
shoot 80 per cent Tho increase 81 dutss paid IL
s2Ss So.
stock Exchange.
$500 ses "a siO lNi. ~ .hs Erie RR kn0 ~
49, O. a. ,@s 70 HSl.~R s ~ s,S