The New York herald., 1851-11-15
MON T. Y NJ A IL X Z II


todsy-in prices however, more than in extent Of trans
actions Erie Railroad went up "a per cent Harlem "a
Morris Canal, "a; Reading Radroad, ,4i Erie Income
Bonds "a Convertibles "a. New Jersey Zinc fell of =
per cents Rochester and Syracuse Railroad ~ and Nor
wich, "a. The second board opeIed at an advance,
aud closed below prices current in the morning New
Jersey Zinc declined per cent Harlem Railroad, "a;
Reading Railroad, a. The market closed weak, with
downward tendency
The receipts at the ce Of the Assistant Treasurer Of
this port, day. amounted to $72es3; payments, $6s
O99 43-bslapce, SO 26l 522 90.
There has been active demand for foreign exchange
for remittance by the packet to omorrow-ssturday
Bills Of the right sort scarce, and rates firm
We quote bills London, l0< 1oh per cent premium
ON Paris ST. Is ST. 135l; Amsterdam IL Ala; Bre-
men, 79h 79a Hamburg, s67s S6%- The Franklin,
for Havre will take out nearly million of dollars In
specie Engagement have already been made for eight
hundred thousand dollars The shipments appear TO be
increasing instead Of diminishing and receipts from
California must be very large to keep good presen
supply.
Within the past twelve months there has been great
revolution in the system Of mining in California From
the diggipgs the miners have gone into the dry
dggipgs, and many turning their attention to
the quartz minisg 1t requires capital to work the
hard quartz rock and the product of those mchiaes
which have been put into operation have satisfied all
that must hereafter be the profitable mployme
for capital In that country 1t Is Impossible to form
estimate at present at all approaching correctness OF
the number crushing machines in operation
in California; but the attention Of capitalists In this
country and in Great Britain has been turned to this
busnsss and have doubt, within the next twelve
months there will be dozens Of machines in operation in
the mineral regions where there Is one now. Within
the past year . great many residents Of California
visited this city for the purpose Of purchasing the
right kind Of machinery for breaking up the gold
quartz. Dozens Of machines have been manufac-
tured, Of more less power and as fast they ar
rived have been put into operation In favorable posi-
tions, and have yielded abundsntly. The Of
those already started has created desire for more AMI
efforts have recently been made to attract capital to
California for that purpose Col Fremont has been, for
some time past negotiating for the sale of his immense
landed estate in California His agent In this city, j.
Eugene Fandn, Esq, has just concluded sale of the
estate Of Las Mariposas The price fixed s million
Of dollars subject to the ratification Of Col Fremont All
the details definitely settled and the next steamer
for England will carry notification Of the fact 10
the parties In that country interested In the movement
The nstalment Of hundred thousand dollars will
be paid in December The sale Is made subject to all
leases already granted the terms Of which have been
complied with The parties purchasing intend to work
the mines large scale The probability is that they
will realize great results Col Fremont is to deliver the
purchasers perfect title 1t can be passed
through the United States courts This believe, s
tine rst sale Of landed property in the mining districts
of California which has been made since obtained
possession Of that country.
ny the formation Of private companies for the pur
chase and working Of mineral lands the producon Of
gold will be largely increased aud the Of thai
country be more rapidly developed One Of the most
extensive companies formed for this purpose is the Aqua
Fris Cold Mining Company with capital Of 600
In shares Of one pound esch The company formed
in London, aud will work the mine leased by Col. Fre
mont to Palmer, Cook n Co, Of San Francisco. This
firm have assigned the lease for (suhject 10
Of one ,ixth Col Fremont and receive
third Of the shsres Of the company The nominal capital
beifg hundred thousand pounds sterling they will
therefore be put In possession OF Interest repre- sentny
fs3 0oC of which however II Is stipulated only half
il 20 be transferable This niue is situated In the Ma
riposa di,tct, aud, according to the pro,pectu the
vein d gold quartz TO be explored Is supposed to be OF
an average thickness Of four comineneing a. the
summit Of hill I5o feet above adjoining creek aud
containing is 900 between that and the water level
Specimens of tho vein assumed 10 be of average qua
ty have been aseayed at the United States mint aud in
London and have also tested at the Bank of Eng
land aud would give gros, value AZ 81 SEQ per swt
Almost inexhausttle profits therefore held out a.
the prospect Of bringing machinery TO bear upon this
single spot Unlike previous concerns that have
been noticed its direction IL entirely composed Of per-
SONS Of uDquesionsble respectsbhty and there aso
TO believe that those who interested IN tn
nine the original lessees under Colonel Fremont
actin with perfect sincerity They have deposited Il Is
said specimens to the value Of s25oo in token the
coed faith to be applicable as guarantee for all ex
penss previously 10 the working Of the mine and they
sppear to have backed their representation with
the best evidence that was available.
This tf the leases alluded to in the terms Of sale
Of the "Aiariposs Estate belonging to Col Fremont
After the expiration of the time stipulated for this and
other ass the purchasers Of the property will
possession CT the whole ii they desire it. Any
u.wss must cone from The holders of the landed pro
rerty at the time These movements will give new
impetus to mining operations IA California The pro-
duction of eod during the next four or Eve years eau
hardly te estimated The past proius.on fdrnshes n
data for future calculations hs soon as the mining 1
tricts are tuf ,isn,ly provided with machines, Of suf
e,ent mower We shs be able to form Q more correct