The Shasta courier., 1855-05-05
san Fraacisce Correspondence.

san kro0clsco Correspondence
We received on Saturday last a letter from ou
friend E. W. Tracey, intended for our last week
paper. We give those portions that still con
tinue of interest to our readers:
You have noticed that -four has gone dowr
about as low as it ever gets to be here or any
where else. 1000 bbls. of Chill sold at S. pei
bbl The tricks of these spectators are SHARP
sometimes. 1t is supposed that Price, agent fol
the Chill dealers. and who has been for some
time trying to get the millers here to put up the
price, without success, has turned on them ano
put it down so low that ii must either break do
mestic manufacturers or cause them serious loss
Another report is, that he wished them to shr
-four TO Liverpool thereby getting rid of the sur
plus in this market. but the milers preferred te
let him ship, and they would reap the benefit
large amounts will be shipped, and the proba
bility is that -four will soon be up again.
Isuppose the affairs of Adams & Co. would be
interesting, If anything very encouraging could
be said.
On the 10Th of May last, the Atlantic and Pac
fic houses of A. q Co. dissolved partnership
d. H. Haskell, 1. G. Woods and Alvin Adams
a special partner, with a liability of $25, 900
formed the California branch. w. B. Dinsmore
and others the Atlantic branch.
On the receipt of the news Of the suspension
in New York, the Atlantic House refused to pay
the drafts drawn in this country, although they
had $500, 200 remitted in gold dust for that ex
press purpose. They having by the arrange
ment made May 18th, agreed to act as agents fol
the house here. Their reason for SO doing il
this, viz. that the California house is in theil
debt, which is denied but the right, even if il
were true. to apply the money due draft holders
TO the payment of their demands making them.
selves preferred creditors is very questionable
They even have the face to advertise that Adams
&, Co. in New York are good. and that they will
continue the Express business TO and from this
country. l would like to see their sign go up,
and just see how they would excuse themselves
to the widows, washer-women, poor laborers
and mechanics holding their paper in this coun.
try, and see how we'll they would succeed in
explaining the nice distinction between Adams
& Co. New York and Adams & Co. San Fran
cisco. If the New York house are so very strong,
why did they not come to the relief Of the house
here, instead of protesting their drafts, thereby
giving them the clinching stroke for final aud
complete ruin.
Gold dust is selling here at $l7 25. now and
then choice dust goes as high as $I7 so. Yreka
dust is worth about SIG 50. But there is plenty
OF dust to be had here at $l7 The gold dust
trade will come down TO the same rules that
govern in any other trade Buyers will pay a
price in accordance with its mint value; that is
the way it is bought here now. There is plenty
OF dust in this country not worth s l6 per ounce.
Kern River dust will not yield that amount at
the mint. 1t is very seldom Yreka dust goes
over sly. Our county has great variety Of
quality as any county in the State-some very
poor and some very good