New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-06-29
. .,.v,,,,c Operation in the fienr narA',
a 1ss.S,fur Speculate :-Compe''fio" i''
...er,eas Merchants. ..u..
~ ,ns washington Tsuopai Iniehgencer.

n..htfaI Speculation '-eo"''
s,,er,eau Merchants. ,-..,,u....,
-. he Wsssing ton fstopal inieihgenee''
VALPARAISO. May II 1850.
-. GaIes q Seaton-DEAR eiRs' iee'
.0v ooup ry to serve her 10 any manne. n %
doe % ny render myself useful, during my ON
which ! - - sbroae, particularly when | am able
cia ieso' .ry Information that may Affect the In
g venspfr 80 American merchants. With your
tertsn y ssiect your wel-kDpwn journal as the
cons.. through which 10 convey the ioio wing 10
m ,s.se 10 the American community. The fol-
,.tsg ACTS have been pisced ia my hanas oy
,o,S;sS Eaglsh house OF this city;
"TU;,bip few weeks past an arrangement has
49,, corsummated between the millers OF Caili
80 n Company Of responsible merchants OF V al
60 win branch il San FranciscO, 70 sup
r. a. California market with -four Having mo
2rcnslized the purchase Of a. the flour to be manu-
hctured il c III ior the next eighteen )nshs, oy
sri Il contract, they are ssngulne OF controlling
tie California market and Of placing an arbitrary
price upon that ndispensable staple. Their mode
of argument is thus: They hold that the proauc'
lion q. wheat during the present year Is great
much larger than uBaal-for the reason that the
demand for Chill -four ia California, a. the com
nencement Of the past year, with Prosp ct o. ns
certain and raOid increase, and thus furnishing u
certain market, induced the agrlcaturists tarougn
OFT Chill 70 appropriate 70 the cultivation o. "nJas
much more OF their land than heretofore, whea Jug
deme.d YES limited u the coast OF tne " Sousn
Pscifcn The harvest that las just DSSi seo1.SI
has b1.n unusually abundant, bringing uo"n 10
rrce AZ wheat % 81 cents per bushel IN tne me,
- ,r 3.liyery a. the mlis. A. Conception aud
rs yici.i II, there arc tHo wcllkno1n mercoant
foar mills the machinery OF which was manuiac-
tured in the United States, and are principally
owned by American and Engish proprle.ors. Inc
average monthly produc, Of these mills is about
o. O0g barrels for export which, in quality, is equal
a nY.stfr mt la nil
Between Conception and Santiago" there are
two other large mills, which manufacture monthly
for export some 4 900 barrels; aud at the capital,
HssutagO" there are FIVE extensive establish
meuts engaged in manufacturing for export Be-
sides " hicb, there are number OF minor mllls
empo, Cd 10 manufacturing for home consumption
Thus from their calculation, It appears that there
are produced monthly in Chi from 10000 10 $1,000
barrels Of marketable -four iJr export, which must
fDd market in the Pacific the principal being
California. Ia consequence OF the great h1ctoa-
tions that have frequently occurred IN that market
during the past year varying IN prlce from the most
exrEvsgGnt maximum down 70 Tulnous mnl-
num-" has induced the mi.'efs TO enter into the
arrangement ellgded 70 above, by which they are
10 supp, to this monopoly the entire product OF
their mills. The consumption OF the California
market is estimated by these gentlemen 10 be not
less than $4,000 barrels per NOTWITHSTANDING,
from the present increase Of emigration, upon 5000
barrels more per mOAln. Sucn - HtH hrSuHShI
and calculation.
consider il important that the above facts should
be known throughout the United States, in order
that American dealers may prepare for a fierce
competition Having co1versed recently with some
intelligent American shippers Of this city, they are
already Of opinion that this attempt at monopoly
will have the effect of stimulating instead Of deter
ring American dealers from shipping flour via
"Cape Horn" l presume the American shipper
will hardly surrender such a market as California
affords without contest. Experience has demon
strated that -four can be shipped from the States
20 California around the Horn" in perfect state
of preservation and sweetness. Some argue, in
deed, that the long sea voyage, arising from the
necessity Of crossing the equator twice before 1t
reaches its destination, will cause it TO sour, and
render the -four of Chill thereby preferable 1t is
IN error. If you will refer to the report OF sales of
American flour in California, you will find that it
has been sold there as dry and as sweet as when
it left New York for that remote market. con-
yersed, but day or two ago, with an intelligent
merchant, Mr.. Griffin, OF Brooklyn, who recently
shipped one thousand barrels from New-York. He
informed me that he sold the same as sound as
when he shipped it, for Twenty-Five dollars per bar
yeI. That objection is, therefore futile. Surmises
ave OF no avail in the face OF facts 1t has been
proven TO be perfectly practicable.
Already two or three cargoes OF Hour from the
States have stopped at this port ain transitu' to
"San Francisco" since have been In the Consul
late and when here 1t was in the most marketable
condition. So it remains for the future to show
whether the American dealer will surrender to the
"Cbileno" this new and undisputed market. Will
not Oregon, Australia, and the Russian posses
sions too attempt competition HouS vcTTonS.
T. w. POTTER, U. S. Consul.