The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-10-29

those failures OF the banks occurred here, February
ter,aned and yet all RENE moeF that in very brief
space money beca me cheaper than Is had ever been
known IN the The ,ris bad tested the strength OF
many and exposed the weakness others; overrsdpg
was checked wei over building on borrowed CAPT
tai and u AIDE seemed to have assumed something OF me
and regularity Of older and better organized CON-
mupfiiss Thus has continued, in measure, until the
present moments there is money AID less Of that
extraordinary demand for which springs from thai OK
sste Of business when each emulaes the action
his neghbor in efforts for the acquisition Of sudden
wealth We IN fact experiencing that reaction which
invariably follows 10 any trading community. In
stead Of rushing eagerly into Bpecuaons enterprises
the ground OF being able 10 raise money "
bark in them. at exor6itsnt rates pause and
reflect more calm the probable results even when
money be had ia vorable rates Tenant
sfs houses admobirh those who occupy themselves in
cline in proportion 10 The interest their Investment
rsdesmen and retailers no longer rush into leases that
would swallow up the fee simple OF the property in
The great OF the Notwithstanding, dttchDg,
fumng, quartz works mills, &c, Sc.have been nearly
cities the demand for capital has been narrowed down
10 its legitimate uses and the rates OF Hteresha most
oppressive Of all the drains upon our resourcesnsve a
proxmated quite nearly TO those Of the Alta itc States
have right 10 expect, under those local clrcum.
Stances to which we need not especially refer.
Our quotations OF interest toe show decided decline
We know Of Loan property for 81 COO one yer, at
per cent month, but il wax judged " be amply worth
than double that sum- another instance $2b 900
was offered for enc year per cent per month on pro-
pery valued $40 01o and deDed Several other loaus
have been made at cent witch may be considered
loans on merchandise hear o. but few transactions;
they generally commensurate With the speculative
movements OF the tines which, at ibis Moment are ny
neaDs prominent. Current uansastons are msde at
per cent 70 "a per cen-very lew al the aaer-out We
know Of ar instance wneTe money was offered ~ per
cert mperiehabe goods vita an ample margin, and
refused These rats, urder the circumstances we have
dwes upon above. perhaps, not - low as we may
have report unless tbSfe should De some
revival OF speculation.
There Is stu movement in real estate OF importance
Duncan 4 Co have sold 4 small building
m lin ~ q n
lily OF obtaining money on morikag. may ead 10 further
improvements IN the upper part Of The city, where brick
buildings beginning - usurp the place Of wooden
houses which Tor long period commanded rents that
only he obtained Tor substantial teIements The
sale Of the balance Of The great Folsom estate
will establish criterion Of value for the most eligible city
property.
Tho iast mail steamer carried away abou, two and
quarter millions IN gold, AMI although have no relia
bic Data - the amount that will be sent away on Non
day near OF these pressing efforts At raising
money which formerly mars ed the departure OF the mails
This financial position the pa.uras result OF
The charge Of mes the gradual approach I, that regu
isr.y III trade anG the accumulation OF home capitL
wbcn The foferunners OF general prosperity.
lis pleasing to hear such constant and general good
accounts from the miners, whose success continues un
ahased. Instances Of bitter disappointment occur bu.
hrs il s in every pursuit IN life the regularity With
which the whole chain OF payments Is preserved, until
the Treasure reaches the hands OF those who remit II,
slords ample evidence OF the reliable rches OF our
piacers we the continued ability Of the mercantile
and tradDg classes TO fuhi their ensasemens We do
not learn that he failures Of Joseph Frontn and George
Pete Co. will leac to further similar disasters
largo CT nitrate Of soda having arrived from Peru,
the Babcb NIL. vii be enabled 70 resume operations on
the eth instant but for the present imp lied Will
be ssssyed. Bars during the early and middle part of
ne Fortnight were plenty and Iow We know Of $40 ooo,
So 1pe, berg sold and about sec, 00o ss5 q 500
Lne were bought by banker ~ ZIG per cent discount
these were, however, extreme cases, and within day
wrIe bars $50 Gne be readily sold ut : per cent
discount The demand for bars for remittance by this
sacrds llisie Indication Of what the shipment
Monday vii be.
stocks have been nfeless usual and hardly
worth quoting The range for California state rs Is 10
rs City ts So 90; bonds per cents. according TO
date, SOL s5 Mary svle 1o's sos So Sacramento City
los 10 new city wArrar's, under the Consolidation act
In bullion and exchange there Is no. single change to
be made since last mIi and Il IS needless TO repeat
quotations.
The Trade Report for Two Weeks.
From the San Francisco Mercantile Gazette, Oct ~
part Of the long expected nest from domestic Atlantic
poru made It's appearance early In The fortnight most Of
accomplishing the passage from New York and Boston.
The mponat,oDs Of the hsn month have consequently
merchsnaise tha, ordinarily comes 70 this maris. Tue
pts Of candles, COAL boots and shoes, dry goods
hardware and hollow were, American liquors, butter
pckes and preserves and salt were especially large, -
will be By refereLce 10 the statement In another
column. The Quantities OF lard, refined sugars and
syrspe which srrved were also large sense, the
OF the amounts which specified ~ being on the way
al The date u c-r last sem monthly summary:
have b~s made within The las; two weeks 10 previously
ssc SOCKS, may readily be supposed thai the effect
trough we are pleased 70 state there been NO
general decline. one OF marked character,
csrt with regard 10 few Articles For desirable goods
which chose 70 offer upon arrival there was,
fact Jack Of buy early the fortnight NJ iull
prizes ara considerable sales Of provisions and groceries
made 70 the trade and TO Operators speculation
rsere we're Indications indeed about the the
leet arrived OF the setting N OF brisk and continued
densso from the ooutuy ssd the joooers Supplied them
sslr n
proved but transient ard although The mall from the A.
states 10 hand. bringing most favorable
and The latter bali Of The iorIgh has been characterized
b. quetute ID stfcfg contrast with the and hustle
win witch rs opening vas ushered n
Our imports Of goods during the fortnight other than
nom hlnf Aiaa;; ports have been larger toan the
rage; three carsoc~ have arrived irtm CANA and East
Indian ports principally made up OF sugars and rec and
aivice- u tho~ mat anticipate the advcnt OF
at eRt hair dozen vessels from tho former cJuatry
within the coming sixty days These facts taken In con
rocon With the large public sales of Eas, India products
nich bare besn rsde Or ate npted al convinced have
operated 70 degrees SOM Shi the market Tor those kinds
lie arivaf since cur last rev.eT hsso been The shpe
Fyrg Dutchrsr, Euterre Robin Hooo John Glptn. Ma
pier aud kru svor iron New ok 0rpecus, sanA Caus,
Thacttr gsgosn AID sor Westsr, FROM eslon, Eelle
{, Rene from BOTctarx aad Jgaaisa from liam burg Oil
With asserted cafgoes ire ConrEflne L1ckmsn and zze
jarvis tom Hong Kous Nth China proSass. the Fer
crss. nom Mania with rice; tie Yankee from H,nolnu,
attn coBee CHI ~ the lucy. rom Russian fossessions
Northwest Coast The . :. rbsyer, from New Yofk the
Australia with coal and the yaquero slso from Austria
10, With email Tsri Of cargo.
10 regard 10 tie pT0spec OF business thru gh the ALI
"a V extremely difficult n form opolon. paT;ies
conht ery preds very active ira ie during the prestn
mon early 10 November, while others again s,sert
sbai be facilities Of COMMUNICATION % even the remote
uirng localities 90 good 10 obvats the DcCcs
city isy rg 10 winter s;sks ard sequenty that
a6trs ,rrougbeu, the interior VIII contrTe nuy
cafdlrg 20 tier requirements from week 70 week ia
Which event may itoG moderate steady business
all along through the wet season. However, which ,f
the ,~o opinions shall prove bes' founded, we csn saw
wh perfect confidence 10 parties abroad trat our sos
~ Foods here ana The way ample OF al knfs To
meet any possible contingency, and ~ many dsscrpons
are ,reaiy In excess future shipments 70 ibis market
tbcuid be usde with extreme circumspecnn II pcout
sbe rtt1u he looked for, and shippers vt 10 eel ~
regulate their ventures In tict foymi,y with the al
vice ~ their eorrespostents here woo understand the
wants the county aud posted In regard 10 the
changes which constantly taking place 10 the charac
ter OF The trade.
Markets
Ssx FRAvcsco, oct. &, 1850.
There has been but meagfe amount 81 sales reported
az trev from d second haRsg. fhr being