The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-03-14


contact with us NJ such interes sting period, and
when our natural productions require most i'm.
pulse, we would suggest, that il the millers. and
wheat growers were TO consult their own interests,
they would understand that the 80 much talked OF
California flour speculation will result in ncalcula-
bic advantages, not only TO themselves individu-
ally, but also TO the country st large.
TIE SILVER MINES OF CopiApo
From the Valparaiso Neishbor, Jan. 25l
Much mas been said and written lately on the
probability OF the depreciation in the value of gold,
in consequence of the immense quantities disco
vered in, and RENTED from, California. We OBJ
served some time ago, that the English govern
mept had taken the alarm, and that the Directors
of the Bank of England had met to take the sub
lect into consideration. We do not pretend to be
perfectly au fat in matters Of finance, and are
consequently rather puzzled 20 distinguish betwixt
two parties; one enchanting that this excessive
influx Of gold will lower its value, and the other
contending that its effect will be neutralized BY
the higher prlce which will, in consequence, be OBJ
tanned for merchandise and labor. One thing
seems certain, thar the proportionats pai,e of gold
and silper ,etU net undergo nlxch alteration, for
ichdftver quantity Of the former may be prodxcsd
Calfo,nsa, ChlIs b,ds far to export an eqSiualert
~ the latter. We extract few observations from
an article IN the Copiapsno. referring to the sta
tistical affairs Of Copapo, which may be not I'M
acceptable TO such of our readers are interested
in the doings of that province.
In the mining district OF Tres Puntas, ~ mines
were beng worked at the commence ment of the
past year, giving employment to 6Sl persons. The
quantity OF ores extracted WAS in January, SJa
cargas (mule 10 ads Of IL afrobas). Ia December.
the number of mines in work were 50, several
having been abandoned, but these were affording
employ ment to 629 men, and produced 1856 cargdS
of ores In Chanarctllo, the moet important mine
raj. the year opened with 20 mines, employing
1904 mea, and produced il. the first month 1898
quintals of ores. The returns for the last month
give 10 mines in work, 1857 men, and a produc,
of 5, ;S39 quntals.
The district of San Antonio Is the only one which
shows falling off, having produced 737 quintals at
the beginning OF the year, and only 408 At its close
The article from which we quote gives US fur.
ther statement OF the number Of mines in that pro-
vince; they are in all 5ll-57S, OF which 400 are
silver mines; AZ produce copper; 10, gold, cobalt,
quicksilver; and are coal MINES. This statement
affords far idea OF the proportion in which these
metals are TO be found in this province 30 far as it
has already been explored.
We have also an abstract of imports and exports.
The amount imported Of produce of the country 10
quoted az 1857 706 and of foreign products, 1924
packages, value not mentioned. The exports ap-
pear TO have been as follow-3S7 ,0l9 mares of bar
silver; mares Of gold; 81, 225 qunas bar copper;
2,sls auntals copper ores; ,2e9 quintals oliver
ores.
The above items are quoted az shipments, the
produce Of this district without reference to large
quantities Of various metals which have been
shipped from Copispo, 10 transit.
II has often been prognosIlcated that California,
by means OF her immense mineral wealth and the
enterprisng spirit which prevails amongst the ma
lenty OF the people who are fiockng thher in such
time to become the NEST important of all the ma
ticns whose shores are washed by the waves of the
Pacific lfthese predictions are verified in the result
the people of Chile will have only themselves to
blame. Nature has done as much, aud almost
more, for Chile, than, perhaps, for any other coun
try; she embraces within her limits every variety
of climate and of sod requisite for the known pro-
ducts of The earth; and the treasures hidden within
il rect sses, though already proved TO be immense,
are altogether Incaculable. II is an old axiom
tina, the wealth and power of nation consist in
It's commerce; and Chile possesses all the natural
advantages for the attainment of both The coun.
try is at present but thiny populated, but, by fos
terIng and encouraging Immigration 10 the South
by aordng all possible facilities for the extraction
OF her mineral wealth, and by the continuance of
the exercise of liberal and enlightened policy on
the part Of her rulers, che must eventually attain
TO a distinguished position amongst her sister
nations.
FsLeaRatso, January 20 ls5l-rhe nsi kes during
ne month has been exceedingly dull, and under an
average, even considering that little business is
eipstea In the month, OF Decsmbtr and J.nusry
Light RUNNER goods on ae,ocn. OF the unusually dull
ea,her are selling slowly, and st remuneratiEg
,ricss Goods are abundant and no demand Tor them;
and stocks have been materially increased by the
arrival ave csrgoss from England and two from the
United States duriD the month. This In the absence
Of buyers fer export ana scarcely any demand for
home copsumptlep has given downward tendency
prices IL lie duty 10 state facts aud not
expected 10 spsculsts on the cause Of this depres
zion but would simply sscrbe II to the presdsntial
in Chile Our prospects Tor tho future however.
net gloomy Within the next month 9. two, buyers
must lay in their stocks for the autumn trade and -
the sl-ctions closed In Peru expect buyers
from thence, as also from Bolivia and ssts II lie fur
Their anticipated hs son SIS the nov debated tree
trantt Is esta birh.i with tbs Argentine provinces
bat many dealers from Salts Mendoza San Juan and
other parts will visit market 90 that the
extent o. BUSINESS nothing need bs apprebended
So very few sale, having taken place. our price
current Of course EemsiDs unatered. We have 40.
tleed iw Gales Of ordinary prints say 5000 pieces
fnv IN o. and lTta aahi
ipss about $50 100 yards from 20 to 20 u;hss from
10 exc Tn, market for woslens is heavy and dali,
been lower rate Nothing has been done in Amsri
domestics, snd the arri 'sls have amounted to
nsnd, aud may ne quoted from $40 TO stl;
few lots have arrived from Rio, and have
6s.n shipped by he oen'tsn.ss TO c'liforn.
market sugar i.s stu locking up. aud meets VITA a
reacy .aie, Three cargoes With ordinary sugar from
Santos the bark Liverpool, % 90 srrob, Lucy
sharp Is 90 srtobas, Cathsrnn, 1900 srroba, have
been partly placed AZ Il re The cargos Of the Dolores
Ugsrte aud the EstiendiGa, Peruvian ,ussr, amount
Ing n ~ 900 srrobsr hsve been sold at the .oo wing
prices rshDed II rls rsdob ia 15its vads rs
cruthsi refined foa bsiolie sing ,sless arm
Of the InsUs fom Atw.rp at Il rls 30 barrels to
rive from Bollsndbsye been .old At 49, ris. snt 600
Barrels here at ~ rls Goals Wetsd 9srrivas during
The month and the greater part has Been sold At he
q bond and from slO to Sl2 for the coast Of Aries
sorts are In demand but having had no arrival
price has spTed. fton-we hear Of one sale at
50 duty paid, and l3A -ls bond for welsh Salt.
petr.- Fifteen thoutsrd lsintals were sold In the
beginning Of the month ut 10 fls TIE article
become, more scarce every lay, and We have
numerou, buyers and 10 sellers since the
rival Of the steamer, Is 900 quintsls for the
tn snt and 700 luiatsls for England, have been
soid at 81 snd 10 ~ quintsl, at 15 ress to arrive
n March, have been contracted for. Silver 900
have arrived during the month. and much more IL
expected II sss only been partly bought up at ss7
Copper Comfortable sales have been effected ct sac,
on sbors and sl476 on board Flour Mllers asking
- per bag lbs ov,rg to the present high price Of
wheat The surplus stocL IA, been sent OF California
and Peru leaving barely rufcient Ia the market Tor
home copsnn ption Wneat Although the harvest is
abundant, very little OF the crop has cnme into
the market, a. Jet ana that IL scarcely At TO be
ground The small ots ef I'D ~h'ai coming forward are
bought up by tn. milers at the exorbtant price OF
80 20 81 reals. chiefly TO keep their mills employ
ed, but this state Of things cannot Last beyond
March. when prces may be expected 70 range from
% 20 50 2 reals and in ports certainly not above
rsals. Barlsy.-suppes ere coming fsr.srd In mode