The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-06-25
Markets.
GEO. n. SHAW & co.'s CIRCULAR.

~ NAV " W. .
SAN FRANCESCA, May 81, 1858.
Our market for the past month has been characterized
the face of the large arrivals and knowledge of the fleet
of vessels fully due, no one has dared to enter the mar.
ket to purchase largely, preferring to hold OF, and with
reduced sN cks take advantage Of every shade Of depres-
sion which takes place upon fresh arrivals, or rumors of
alargs number of vessels immediately outside.
Although the bulk Of the cxrgoes Of ships ON the way
from the Atlantic ports are known, yet in the published
msnifests Of the vessels, 80 many packages of inspect
information tends to keep alive the feverishness in an Ar
ticle, which from a temporary superabundance of import,
has commenced n marked and rapid decline; . panic Ia
rant ably low figure, at which IL is seized upon BY some
shre xd Speculation. ard then an unhealthy inhation takes
ppo sh That tnsss sonr nfsr1 T in tr. aeo win cfts m' oocur
in a market so far removed from sources Of supply, is
very apparent. and We quote 1t merely to show that low
VI high quotations in our market reports, convey NO just
Information Of the amount Of stock Of the articles whose
ruling rate the figures exhibit.
One OF the leading features In our market at this time
is the total absence Of speculation in any Of the great
staple articles Of primo necessity. We could produce no
better illustration of the want Of confidence in the stabil.
ity II present market rates, and the expectation Of O fur
Their decline in prices. especially In provisions, than that
there ia much capital in the country seeking investment,
the employ ment Of which would give signal relief. No
alteration Of this state Of things can be Looked for until
the arrival Of the bulk f the tleet, and positive knowledge
Of cessation Of shipments from the Atlantic cities.
The statistical accounts Of domestic imports, carefully
collated from bills OF lading, show q very large increase
for the quarter ending May 20, over the previous quarter,
ard in many o. the leading articles the importations Of
the II onih Of April exhibit a gain over the last quarter OF
1872. Comment on these facts Is u necessary. Eager
ness to ship TO this market has also brought another evil
with II. viz deterioration in quality of goods, and me
chauoise arriving here in bad order, arising from the
haste in which it has been put up. THIS " most appa.
rent in articles cf provisions, such as pork, bacon, and
hams; the former Iacked before deprivation Of animal
heat, the latter badly annexed and imperfectly cured. The
shipper Is the party who suffers from this want Of care,
the purchaser here having foil reclamation in his power,
10 no market In the world has neatness of package or su
periority in quality greater weight than IN this; labor "
ali descriptions being high, and a bad quality OF goods
aod sn unsuitable package eeeks immediate ~quittance at
auction, at ruinous prices, to be re packed by the pur
cha or. who esn afford to do so at the low valuation ne Is
GRABBED TO procure his goods.
In the leading articles of consumption, which o0nsti
tute the bulk u our imports, the decline In price and
demand IN lots bns been marked. The knowledge OF ths
fact that such large quantities are fully due, dstcrs pur.
che eYs ( ON any ira asactions, except tnoss which sre 70
srpp'y immediate wants. In the article of -four,
which is the most auctnathng in our market, and quickest
10 .bow liz lone although the imports for the past week
lr,s Let iai leavJ and The jobbing sales active,