Washington sentinel., 1854-07-16

SAN FRANc1sco COMMERCIAL CRcULAR.-Mr.
Prince, of the Express Office, has furnished us
with Adams & Co.'s California Price Current and
Shipping List for June 18th. 1t is mirror Of the
business Of California, and should be in the hands
Of every merchant, and all others who have any
interests on the Pacific coast. From it we make
the follow ing extracts:
1T is a difficult matter TO convince parties
abroad that they send us more goods than we re-
quire. The ruinous experience OF the last year
the letters OF their agents, the accounts OF sales
received, have not done it-and il is almost use
less TO expect that they will heed, when such ar
gumenis fall the warnings or the advice Of any
commercial writer Yet we would again caution
them that we only require, in the best Of times, a
suficiency Of goods to supply the wants Of $780,
600 people that we have no means Of disposing
Of goods outside our borders, and that whatever
is sent more than is required in the State, must
be stored at very heavy expense, until in the slow
course OF consumption il comes into requisilion {"
While we write, the p. NJ. S. S. Co.'s steamer
Golden Gate has arrived, bringing us dates to May
20, and intelligence of seven vessels having clear
ed for San Francisco, and no less than thirteen
vessels being on the berth for this port. We sin
cerely regret this state Of things the east, nd
eating as il does, renewal of shipments which
is equally iltimed and ill-advised We can Only
say that we want no further supplies for the next
four months, and that parties sending good. to
them"
The intelligence from ell sections Of the min.
ing region ofthe State continues ofthe most cheer
ng character and there be but little doubt that
more gold is being extracted day by day At present
than at any previous period since the discovery Of
the precious metal at Coloma. Our eastern friends
are much mistaken, il they Judge Of the quantity
Of gold dug by the amounts shipped 10 New York.
by each steamer. Such remittances are no indices
Of the yield Of our mines The money invested in
the State is counted by millions and notwith-
standing our export OF $50000 900 TO $50, 600 900
per annum we have immense sums left for i'm
provements at home of the most permanent char.
acter, and for investment in operations calculated
TO facilitate the development both Of agricul.
tural and mineral resources,
Our shipments Of treasure to the east for the
next ten years, will probably steadily decrease,
but the product OF the mines, we venture TO say,
will, during the whole of that time, be increasing
in an inverse ratio, and whatever may have been
our embarrassments heretofore, there is but Ittle
doubt that day by day they will be lessened until
California takes that position to which her i'm
mense resources enti,le her among her sister
States"
From this circular we learn that the only articles
in demand are printing paper and cordagc. As
regards the former article il is not miscalcula-
ton" but general scarcity in the Atlantic States
that prevents its shipment.
PRINTING PArER.--In consequence Of the regu-
lar importers Of this article having mscaculated
the requirements for it, the market is rapidly be-
coming bare Of all descriptions, and prices have
not only largely advanced but are still upon the
ascendant. Aside from the immense amount of
job work done here, there are between 60 and 20
regular publications daily, weekly and monthly,
with circulation ranging from 400 TO 5000 copies
each, issued from the prcss Of this State and Ore
gon, all OF which, with one or two exceptions, are
dependent upon this market for their supplies Of