The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-30

San FRANCISCO, Nov. 3-P. NJ.
Parties abroad will be infofm through variety OF
sources Of the suspension yesterday Of Messrs Sthcr
Church. bankers, Of this CITY, The advices received per
John l. stephens, that some Of the drafts Of the house
had been dishonored New York induced some parties
TO put attachments upon the house at late hour
Monday night. Those attachments were, however, mme.
daely paid OF and the bank opened ,as usual for the
transaction Of business Tuesday morning; but the dc
mands OF deposiors, before 10 o'clock urgent
that the stock Of coin exhausted, and the rm
compelled TO close their doors.
The stoppage Messrs Saiher Church wiz be felt
serious Inconvenience TO the mercantile commu-
nity as almost the only banking house which af-
ordcd facilities in the way Of dscountng business paper
There little no disposition manifested to withdraw
deposits from the other banks, eydencing strong belief
in the public mind that they are solvent
What effects the financial crash In the Fast likely 20
produce upon California roman 70 be seen and need
discuss them One result thus far has been 70 reard
shipments Of goods hither which Is beneficial.
The suspension Of operations ut the Branch Mint in this
city the 3lst ut has OF course tended u make bars
plenty and they have been sold quotations below
In bullion we have 10 note that the market swept Of
Mexican doubloons for shipment 70 Manila prior TO the
arrival OF the John L. stephens and from y per cent
premium on SIC paid The stephens brought a con.
siderable quantity OF Mexican dollars sales Of which were
made at 10 per cent premium.
In stocks little has been done during the fortnight
sale Of $40 600 City 6s made few days since 55.
We annex oui usual list, which has been carefully
vised
With the exception Of some operations OF magnitude in
sugars and foreign rice the past fortnight has
very barren Of interest in business point Uf view The
tobbers az general thing, have bought sparingly Of
requirements Of their country have been small
and necessated in only few particulars fresh additions
TO stoeks The general impression seems 70 be that
during the present month goods will be called for
from the interior, but II Is the equally generally re-
ceived opinion that II Is idle TO erpsst "ac.
tive fall trade,' that, In other words, the country
dealers will come forward for supplies to last them
through the rainy In the first place the facilities
Of communication now such throughout the
tied portions Of the State that goods be transported
thhcr In the weather moderate rates Of trans.
poraton, compared with the high tariffs Of former years
hence, there comparatively little induoement lay
winter stocks, except in remote localities In the next
place the country traders cannot buy goods upon nde
mite credit, payable at convenience almost they
did two and three years ago. In the same proper.
ton that the city jobbes, either through choice
necessity have curtailed their current indebt-
edness to the commission and importing houses
have the credits extended TO the country trade been
traccd II Is only In exceptional that bill
against country trader permitted 70 run thirty
days this buying only for immediate wants by the city
and country trade that has steadily checked speculation
this year under what at former periods would be termed
very favorable auspices In fact business here at
last TO have reached the common basis and we
doubt anywhere else In the world supply and demand
regulate prices with less interruption from outside nhu
ences than they do oday in San Fran ,isco Under tho
present condition of affairs il y obvious 20 the
piainest understanding that excessive shipments
Of merchandise TO this market must inevitably
end in loss rates profitable u the importer shipper
only rule for articles OF which stocks we'll nigh
exhausted II three four months supply of article
scattered among Of holders, why buyers
tnk they have natural right have their sup
piled at 10 20 per cent below the cost Of Importation aud
their expectations in that respect not realized they
retire from the market buy from hand 10 mouth until
holders give way. In view Of these facs, think will
be admitted that the fleet the way from Atlantic ports
wrte although less than half large was that
advised the corresponding period last year will vet
keep US amply supplied with goods for current require
ments.
FfouRwe have 10 note little better feeling in -four
which Is altogether owing to the slight advance in the
price OF wheat number Of parcels of the latter having
been purchased at the different landings for account Of
mlers. The demand for fur from the into
has been extremely light and no demand whatever
for speculation exists, while the local requirements are
easily supplied by the city mlers The only sales of Fast
ern have been 700 bbls Haxall Flying Duchmas on
private terms, and $50 do do. Tahsman at s12 We
have not heard Of single sale Of any Importance OF DO
mesc. We quote supcrfne at 90 40 2b, extra sI0 10
a oil.
GpAN.-The receipts Of wheat for the present season
fully equal those OF last year Of late parcels have
N ess freely but the demand has been fully light and
no disposition is evnced by mers purchase except for
immesiate wants. We quote ordinary &c. 3ac., and
choice, Shc. s3hc. Barey-The receipts q barley con
unued IN excess of our requirements and the prices az
we long since predicted have declined We quote the
market dull at VI 10 Oats are also dull with no demand
sor export would DO difficult 10 place any parcel at
even &c.