The miners' express. (Dubuque, Iowa) 1849-1854, 1854-10-18
Gan Francisco, Sept. II, 1854.

Editor Of the Express:
Permit an old Californian to say few words
through the columns Of your valuable paper
touching the state Of mercantile affairs in this
merchandise Ridden CITY,
Three m"nths ag,, there vas a slight str in
Trade induced by speculative feeling based
upon the war-like tone of European affairs.
Bot nee then prices have receded and merch-
ants who had grasped all Of cyrlaln kinds oi
goods III which there was but moderate sup
ply got bit-:hose goods are nav piled high
in tn. ir ware houses aud lhe is not NV, ac-
comm dity hat commands pr.tit on sale "i
any large qnan'ity This is owing, az you we'll
kn,y IL tn. i'm nrns- -xcs. Of shptnrn's over
the AZ tnal demand.
How long tins inta uton, on the part If tn
c"mnctcial men of the East, will c.nt nu., |
KIN 'wn"; crrt,in it is they have neen am lily
jo'erarntd. Fra year past, they have been
ADVISED ,nd emtrent d by c.'nsisn~es here !"
cease sending goods Ia this market. But ih.y
will not b- advised in the matter. They seem
10 consider our market and capacity for con-
sumption of all kinds Of goods unlini;, d. nd
the tao fold # c, If IN i. folly is sen here IN
the complete Iros,ra'in, OF mercantile husi
ness. the sal. of large quaniiti. OF perfect and
valuable goods under the hammer of the nuc :
ton .er and a . neral dis,rust and want Of con
lid-nce in all K nds of CONNIE ciai invest mrn,
Aud a home in the heavy credits 10 tOss in the
r,ah' hand columns IF the balance sheets OF
consign.rs.
How long the later will hnd it agreeable I"
ok at the srmi>m ,nthly reports of their cor.
responde nis here wherein they invariably learn
that their goods are stored at heavy charges or
showed into auction h uses and sold at % per
cent below cost is 4 matter .f which nothing
can be safely predicted. Yet notwithstanding
this d-pr, ssinn which rests like incubus up
on the mercantile portion of this community
and IS felt t, a considerable extent in other
branches, the gene. al interests of her portions
Of this State particularly the mining depart.
ment have srldnm been in more prosperous
condition Since 1857, there has probably
been no period in which the mines have been
so generally and constantly productive as dur
Ing the past six months The r.crp's from all
parts of the stale are fully equal to any like Pc
Rod since the above date.
To account for the falling off in shipments
and re mi,tances it is only necessary TO state
FIRST, that large amounts are now KEEP: back and
used here, which were formerly sen, forward
| for -four, grain and other staples, Of which Ca
lifornia now raisrs an ample supply for home
consumption. Again till within a year, Com
ion merchants entrusted with consiynments
Of large quantities Of goods, were enabled BY
speedy sales, t. make prompt and full remit,an.
ces 10 shippers a. home. A third consideration
is that vast numbers of men who have decided
to make this state their future home, have sent
for their families their wives and children and
now cxnend in their support here those sums
which were formerly sent forward in monthly
aud half monthly remiuances.
Our city is now alive with the hustle Of the
departure on the moro. If steamers of three
lines, with passe gers for home many of them
SUCCESSFUL miners Fares are low ana many
take advantage of it. The new Independent
line via Panama seems 10 bear the palm.
The steamers Of that line have made the quick
est trips on the trip of the lst June ult land
in New Yo k in 81 days, l6 hours from This
port, being better time than was ever before
made. Better still the Uncle Sam and North
Star on the tlip Of the LIST July from this port,
did the business in 81 days IL hours. This
line is now bringing out passengers from New
York at very low fares ana cunning in competi
ton with old lines which have always ex,ortcd
high fares whenever they C ,uld doi'-it has the
sympa HES and good wishes Of this whole com
munily.
DUBUQUE