The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-04-06
CuM n EKClAL AFfAIRx.
HON Y MARK net.

HONEY MARKET.
Thursday, April SIS m.
Quotations for stock. have varied much within
The past two three days but tho market continues
arm, and prices With upward tendency. M,uey is
ate easier, and the pr'pscs Of psrm suent relief be-
copes brighter every day The leading bull stock
spectators In Wall street endesvorias to devise
ways and means TO reduce the government deposits,
N tho hope Of easing tbs money market 1t proposed
to anticipate the payment Of tho instslmen OF the
Msxioan indemnity, which fAls duo In the month Of
May, but the government has exhibited no disposition
TO engage In any Of tho schemes originating in Wall
street. among the stock sp,ouiators Of either party
The government will require al It's surplus funds
and would not b. good policy 60 dsviae iota from
the striot line Of operations in the Treasury depart
meRt, laid down By the law and by cus,om. 1.-THE So.
cretsry lends himself to advance the interest OF
any clique Of 'peoussors, hs will have innu uerabls
applications, and will nd IL difficult to resist thsm-
The inportatisns will soon be much reduced, aud thu
revenue therefore, comparatively small, and tho sub.
treasury Will be much more rapidly depleted than tho
convenience Of tho departments will desire.
At tho nrst board to-day the sales limited very
little stock pressing thu market. Erie Railroad,
new, advanced u per cent; Cantor Co. n; Harlem 4;
Long Island ri Reading Railroad ri Erie Ssvsns tel,
on - per cont.
At the second board the market was not 80 nrm as
In the morning, and the transactions wore very H.
united.
California affairs approaching crisis. We shsll
probably have three steamers in this port from Cha
grss within the next week. and tnero Is not much
doubt but that one OF thsm will bring last thirty
days later intelligence from San Francisco and large
amount Of gold. We do not poet receive ny 40.
eounts OF Importance relative to tho predictions of
the mines the dggngs were covered with saow and
the season will bs favorable for operations until
April May. The sdviess received thu, far SUN.
Client to satis those Who have eyes nd disposed to
see and have disposed hear that the sup
ply Of gold In California is imms nse perhaps insx
haustibe. Those Who have been eye witnesses Of he
xichness Of the gold mines in Californs, inform
that at me from tho discovery of the mines up to
the CLOSE Of the season, there than fsssn
hundred rssc ct wors. There In the country,
dncludiax Indisus between three and four thousand
PERSONS but the product Of gold Up to Dsc,mosr %
zS48, the result Of the labor OF fifteen hu ndred
persons for period Of sbous two hundred days. Upon
tho authority of our informsnrs -Msssrs Atherton
and Suwerhrop-itis stated that between four and
millions Of dollars worth Ut gold had been produosd
about three millions OF which had been shippsd, the
balance remaining In the hands OF the IN ,rohants Of
San Francisco. No estimate has been made Of
the amount Of gold In the hands of the miners. TAX
ing tho calculations of th above authorities basis
the annexed statement will show at the actual
and probable productisenes of the min g. for period
Of four years.
PRoDuCrIoN or GoLD IN CALIFORNIA ACTUAL AND
PROBABLE.
NAY Doc lsas 1915 Ms's per day. 10 st~oOoo
M, DsolssS $500 Ms,sps.sy s sS sSo%SS,
d. 90. 1884, 49, S s siS pr Gay 90 SoS
1t appears that the dggers thous the of
1s averaged SIS per head which tbs yield estimated
An August as by Governor Mason In his despstoh to
the government. We have put down the number Of
miners this year lsa9nt 80 600. and estimated the
yield at SIS Per head, which will make tho
aggregate of ninety millions Of dollars ost Of the
vessels left here previous to the LIST Of February
win doubtless arrive ct San Francisco or before
the of june that Of the will be
ON the spot time to wi the crowd for the vet
dggiDgs. We within safe limits la estimate o.
an average Of thirty thousand dsgers for tho present
year As regards the number Of dggers likely to be ia
the Mines doring the season OF 1850, much depends
upon the result Of the operations fer 184S. II the
average yield, during the prssent year, amounts to
abeut one ounce per hesa per day tAs rush to tho
mines the next will be immen.e We have, there.
FORE put down the number for 1850 at sixty thousand
When It is oonsd.red that the food aud raimeut for
these adventures must be puroba'ed and paid for
With the precious metals extracted from the SOIL
that very large yield must be realized merely pro.
vide for the necesses Of life. There will be Ia Cali.
frna this year at least Fifty thousand people; and 1t
viii at least fifteen millions Of dollars to pay for
enough to eat, dnsk, aud wear, for that number
year That sum ut least. in gold, must extracted
from the soil this year. to keep body suc soui together
California ct present has NO other resources but its
mines Of gold, quic ksver &C., and settlers there
actively work them to command the products OF other
countries. Frem the bes ming Of this movement, We
have had the most extrsvsgant auticpssons relative
to the supply Of gold in that section Of the world
have heard or seen nothing calculated to weaken
destroy our nrst impr.s.
The quantity Of produce SO transported on the Wa
bash and Erie Canal and LETT at Toledo the outlet
Lass Ers, In each Of the past two years, Is
nsxed:-