The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-01-22
COMMkRCIAL AFFrIRS.
MONEY MARKET.
Sunday, Jan uary a.

Sunday, Jan ary AI--8 p. M.
The most important and astounding intsllissnos
hch has been resolved within the present century.
anne to hand late last evening will
ave . greater effect upen the financial and msr-
a movements Of the world than any have ever 70.
svsd The advioss from California; up to the 10th Of
|'ovember-nesriy one month later than those pre-
eusly rscsived-whioh publish lenvth another
olumn, not only coahrm all the previous accounts,
give such detsis Of the operations the gold rel
IONS ~ will remove every doubt which has been en-
srtaned, and give an immense impetus to the move
aents Of emigrants. Tho letter which publish
ay Il from source that entities It to the highest
onhdsnes; and We have NO doubt from the character
fths writer that he has been very cautious in his
atements and has not told half Of what he has
The fact that pieces Of pure gold, twenty-five
nd twenty four carats hne, wsighiog sixteen
ounds, have been found, may seem beyond
EFF but We have no more ldoubt Of 1t than
lhat the sun rsss and sets. H.ving implicit oonn-
hence in Of Information, disposed to
K lace reliance upon every statement msde.
Accounts recently received from the Pacific, report
kpovcmsnts in gold and gold duet, calculated to
rsnthsn the belief previously entertained. Several
efsels had arrived ct Massslan from California with
lold, OF which had been asssysd, and found to
verage 81 oarats. The British steamer Pandora had
ken $780, worth Of this gola to Panama. to be sent
cross the ishmus to Chsgres and by the mail steamer
Southampton, England. The Fsl.oa brings accounts
the Dri,ish steamer Tsy having left Cnssres for
northampton, with one million Of dollars in gold AMI
old dust most Of which doubt from Cslfor mis-.
dvices from Valparaiso to the 2sth Of October, say
hat 100000 Of gold dust had arrived from Cstor
heee statements show that the i'm nsnsv ut Of
old gathered in California 10 already aaaiop its wsv
II her fho wn~ll
Dries received from the gold mines are BY no
rcans exaggerated. 1t Is true that We have not
yet received much gold or gold dust here; bat 1t
enough for our people to know that the supply Ia
sliforns Is inexhaustibe-thst the soil is literally
ull oft OF this there be further doubt, the
violence being so conclusive that those who conssn-
lAe emigrsting need be under no apprehension that
y gold will be all gone bsiore they arrive Tn. latest
counts from Monterey state that people we're coming
sll parts Of the Pacific coast and from the sand
b Islands There will be enough for all; but 1t is
.y dincult to tell how much gold enough for any
han
having been satsfa ctory settled that the accounts
ON California, relative to gold fiction, IL is
fy important to knew what will be the effect OF this
nmense supply Of precious mstsls-ths enormous
session to the specie currency OF the world We have
ready seen the effect Of the sbundAnes Of gold Ia
ranci,co Spon prices for very species OF we
advance of three four and w h drsd per
mt In the market value Of pro Visions produce aod
1 anufActures of every kind, and . tremsndous in
ease in the demand for consumption. rAis is the
stural effect Of such sudden iuores'e in the supply
gold or silver, aud would be realized IS am ing
wages, who could not trace efsot In any
vilised community. What has already taken place
California, must soon spread tho world but Is
artp uw,lIh a.
ght say, the imitation Of prices will be less psrcsp
,ls, until they will ultimately become uniform ad
tiled down upon q permsn mt basis Az the rpolss
the water produced by thu falling of a psbble.
md and enlarge in Giro uuferenoe until thsv are
upon the surface Of the surrounding Gle me nt 90
the eject OF such an Immense increase OF wealth
snd,untl lost sight Of 10 tho msrcia operation n,
he world. As the gold Of Calfornis bsoo ne, dis
"fed, and enters Into all the rsuid,stions Of
q ,snd departments Of industry prices must reoeds
the FIRST points and the inf alton reduced; this
ut We can anticipate, In the Of tho supply Of
soious metals reaching . certain point; out II the
oply If the product An "a nts to hun
'ds Of millions Of dollars annually it will b. i'm.
sble 10 follow the course Of pri,ss With suy degree
accuracy. certain auount Of gold dug out Of
earth, would soon DO absorbed la ths aggregate
cuiation, and the effect upon prices would DO but
,porsryt but In the discoveries recently made in
ifornia, we have IN understandable suppiy-A supply
pal to . hundred millions Of dollars worth oausy
"a not hk, one vast wave Of gold, Washing Ia upon
(which Will, % It's strikes the shore spresl
II Its surioe, and be lost among those which nave
oeded 1t but 1t is likely to be- entire sea OF
slth, the waves Of which will be- continuAty d,~iug
upon us, ielusing with great depts aud sxtsnt.
70 Imagination is lost In conte mplstns tire Result
% give some idea Of the probable esct OF this ia.
tof gold upon the currency Of the world, 70 snnsx
satement exhibiting the estimsted amount OF gold
oliver, aid the representatives Of these metals In
yulation:--
ohsoArK CURRENCY OF tbs WoRLp-CtRoULATfoN
or Coin, SrLvEs, AND PArsa.
Il -, IL