New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-05-14

Total. TOO
An increase of population is indispensable for the
growth and prosperity of this city. But cannot see
Row people can got here with present facilities The
steamship companies seem determined to ruin them
selves and the country by their exorbitant rates of
passage When everybody has become iusolvent the
Directors will probably discover their folly.
From the great reInoteness OF this market from all
others state of things exists here which no person
can fully understand without witnessing il. Trade of
ali kinds is ike stock gambling For instance, the
price of crushed sugar three weeks ago "a cents
p ID. Now it is 10 cents. The price of adamantine
candles lately rose in one week from "a to 30 cents the
ID. Spirits of turpentine sixty days ago was from
three to four dollars per gallon. Now it is from 30 to
90 cents Coal il being discharged from vessels,
and cannot be sold for enough to pay freight The
fall is just as rapid the rise in an article Prices
here are not governed by supply and demand as with
you An artificial scarcity just as effectual to raise
prices as real one But then suppose you raise the
price on certain article to-day by forestaling the
market tomorrow an English or French or some
other vessel arrives laden with the very article which
YOU have made scarce and the market " breaks
and down you 90. A small deficiency to supply i'm
mediate wants will raise prices enormously, and a
slight gIut will knock them down TO mere cipher.
The New York merchant can by this what an I'M
certain market this is for his ventures, and that the
greatest foresight and wsest management cannot alone
suyc him from loss.
Equally uncertain IL farming. | presume that most
of your readers recolcct reading account of the
fannirg operations of John NJ Homer in, think.
1s5l That account showed nm immense income in
single year. He had potatoes which gave him pro-
IN of 81 900 per acre. He became rich ii By magic.
The neg, year be cultivated largely, and 50 did hun
dreds Of others Aud what did he get for his vegcta-
bies Nothing The price 30 low that il would
not paw for carrying them To market. so Mr. Homer
had to pay his aborers the same high wages he paid
Tie year previous while his crops otied in the ground
Our population being so limited and no outct for
surplus together with the fact that more produce
be raised here with the same amount of labor than in
any other State in the Union renders it impossible TO
tell this year what prices will be the next. And this
rule extends to everything that can be produced hero.
You read of apples having been sold for dollar EACH
but the first bearing season that is reached they win
not paw for gathering It will be Just so with the rails
ing of cattle or anything else. When the Americans
commence growing stock beeves will not be worth
more than ten dollars each. The native Calfonians,
prior to the gold discovery, valued anything but
their hides and taIow worth about two dollars apiece.
II these tremendous fluctuations this uncertainty,
that discourage and bankrups half the people and
drives many of them to desperate habits and ruin
Prior to the late bank suspensions there was
quite an inward tendency in the -four market. Some
Speculation. recoecting the time when -four sold for
: 20 the barrel looked an1ously for a similar result
Ifcertain operators could have controlled the market
prices would have been high. But they were unable
49, iet To ali their
four to Australia or other port hold on and
be ruined. We have got years supply and are
are within four months OF a new harvest, when
GOOD wheat viii not probably bring more than 60
cents the bushel think that three bushels Of wheat,
harley or oats can be raised easily one in the
state Of New-York Sending -four here is very much
like sending coal into the interior of Pennsylvania.
The season thus far hes been highly favorable for the
next crop.
The Branch Min; here in i;s annual statement,
show. a total coinage for the year Of s14Osl67s o6.
II is supposed that the coinage for the ensuing year
will zach s2o 100000.
There has been large arrival Of cEpper-ships dur
ING tie las, fortnight. This has had tendency 10
denrs the prices Of goods in our already overstocked
market.
The Legislature has resolved 70 adjourn on the JOth
Of AIrL ohc Oh lis oesl acls nas Deen q stringent
law against gambling. There is 4 disposition to
make smother effort TO elect United States Senator
IN ulaee Il Dr. Gwinn, but think il viii not succeed
Mr.. Fillibuster Walker has gone down the coas,
with company o. men 10 establish colony"
Whata generous people are. eivili-iHg poor hui
man nature everywhere and giving our glorious
Institutions for nothing
Adams & Co.'S Affairs are in that awful vortex
called the law. Suits have been commenced agains;
all the Eastern partners who retired from the firm
some months since. The lawyers and courts | think
viii eat up what little is left. When did they ever DO
otherwise
Core.pondenee Of The n. Y. TrbBae.
s,s FRAsoIsco, April -, 1855.
Since the departure Of the last steamer for the Al
lautic side affairs in this city have not materially
changed, certainly not for the better Business men
her, have been looking an1iously fol accounts nom