New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-05-25

Ham.
'i To,ai.......... S8i 20
We are indebted to Edward II. Mitchell, Esq
purscr Of the George Law 10 the Pacific Express Co.,
}. HAYES a Co.'S Express, Freeman Il Co.'S Califor-
MIA and South American Express, and J. W. Sullivan,
news agent at San Francisco, for fayors
From Our Own Correspondent.
san FRANCIsoO, Tuesday, May ], 1875.
We have now a new feature in the California mar.
keir Il may be well for shippers in the Ataatic
States TO note the fact. Flour and grain IF all kinds
can be produced here, even with high prices Of
labor cheaper than they be raised AMI transported
here from New.York. cargo Of Chile flour was sold
yesterday for less than s. per bbl after the duties
have been paid which are 81 IS per Dbl. Hereto ore
Chile has expected to take her surplus -four, wheat
and barley, but we need them no longer Good wheat
is now selling for cents per h., barley for cent
per b. and the best Of superfnc domestic -four for
from So to 81 per Dbl. There more Touring mills
than can be proftaby employed, and many Of them
are manufacturing a superior article of flour. The
country il full OF breadsus and within three
months Of harvest the most promising crop have
ever had. In September next expect ~ see wheat
selling in this city for 90 cents the bushe and
goes of taken on board the clipper ships in our har
bor for foreign markets. The Charmer, 800 tuns
burden is loading with wheat at SIC per tun for
New-York and will sail in about 10 DAYS. The Tee-
graph same size and destination l. also loading with
wheat and -four. The Morning Light will probably
be put up for a similar Cargo. The Comet Is nearly
full of hides horns aud QUICKSILVER. Several vessels
are being loaded with grain and breadstufs fjr Aus
alia But for these shipments prices of many articles
would become nearly or quite valueless.
This country seems TO labor under singular diff
Guilty. We are burdened with plenty. If we under
take to produce any necessary of life we soon have 1t
in such abundance that We scarcely know what TO do
with IT. Our population is so small that we consume
but little 30 we must either ship the surplus suffer
it to waste. had not supposed until recently that we
should be able TO export wheat, but now think we
can. Vessels here instead of going 6,0oO miles to
China for return cargo will take freight from here at
low price say $40 per tun At these rates do not
zee why, with our fertile soil and favorable climate,
we insy not successfully compete in the New'fork
market with the wheat-growers west OF the Mississippi
am well satisfied there are many articles which
California can produce for expectation besides gold
The present high price of labor is the great difficulty
lust now. This will not probably be overcome for
many wears. But there are kinds of bHsiness which,
nnder efficient management will prove rcmunerative
even now This is the best country have ever seen
for the raising Of stock-cattle, horses and sheep.
Cattle are ns large here at two years of age as they
are in Nsw-York at three years. Sheep multiply as
neutrality-suspicious. fast again a with YOU But
have little confidence in any business which Is depend
ent upon California for u market. We must produce
for expectation A man who is thoroughly acquainted
with sheep-husbandry can make fortune here in a
sew years with a flock Of fine wool sheep. ! have no
doubt but FIVE pounds be produced here cheaper
than can one pound in New-York or Ohio.
Notwithstanding we have sound currcncy to re-
present property, and more Of it thaa the same num-
Der Of population possesses Ia any other State in the
Union, farming lands may be had in good localities
for reasonable price, and yet could not advise any
person to purchase at even five dollars the acre, ex-
cept in highly favorable localities. CaiSrnia is not
half 30 poor in good agricultural lands as she has
becO represented. Ourpopulaton is 30 limited, taxes,
labor and rates of interest high, and produce hkely
to be so low that do not SCI how farming lands
BE- OF much value for the next ten years Many Of
the old Califvrnans beginning to see this and
row offering their ranches and cattle for sale at
tenth the prices they could have sold them for three
years ago.
The great fluctuations which have taken place here
during the past three years have been uufavorabe TO
the true welfare of the county. Al habits Of in
dustry and economy have been discarded; every
thing has been done IN DAhu, uhShll- Niri'ul
regard TO consequences. No reasonable man who
would stop long enough to trace an effect to It's cause
could possibly to any other conclusion than that
there must be eud t. all these wild and eStfava-
giant notions, and that end would be bankruptcy.
large number Of the men WHO were called wealthy
:" ie'' Snu 1850, are poor. They expended
n0"sy as " could always be had for the mere ask
ing The profits OF The Alta Ca,.f,rn.a newspaper.
have been told, exceeded 81 900 per dav s,r more
than year and yet this office has been .old ,j,hin
the last six mouths Cor less than $40 900 ona .b.,
fhousand-douars-per-dsy -pFoprie,ors are now poo-
There are other equally remarkable instance, os
wealth and poverty almost in juNta position.
OF course these great changes produce much res.
lessnos and discomfort rascaity, running away and
suicides The names Of Msiggs and Sanders are
noted. They were none of your little rogues Who. r-
norHn Of the ways of the world, got into the courts
and prisons, but respectable persons who associated
with gentlemen. Was nj they smart !" These two
worthies-one a lawyer the other an alderman
cheated the people out of half million, besides Ieay
ing many rogues behind as big themselves
And yet with all these excuses, think capital sDd