The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-07-14
Review OF the Market.

From the San Francisco Prices Current, June 20
preston and duness in business without precedent
experience. Legitimate well speculative inquiry Tor
orcsd ,ses Of an ehar.cs2 h.xe h aua ma.
the results 10 be not only In market decline In
prices FOR those descriptions which have been placed but
ALEC In genera loss OF confidence affecting the intrinsic
value OF the staple and desirable goods the mar
kct variety Of have brought about this condition
them: .ucens esp,sUs,op T. 70 be- foaps 10 ,ss nnas
niAble fact that the extent Of spring has dsAp
pointed every one Through the whole Of the last four
months the country has bought only from hand mouth,
and be understood the most spafnsy OF those articles
In which, owing TO . comparatively small ri ok, there
vance 10 prices me better 70 Illustrate the course which
matters have taken will look the rice and sugar
hes since January these are staple articles the consump
ton OF which by our growing population tends 70 increase
and rarity o~ine 70 their comparative they
have always been favore objects for sps cuatou Now,
we may say without going Into tedious details that con,
derng the existing and prospective stocks OF rice AND
sugars at the commencement OF the year. was generally
conceded that more brilliant opening for Speculation had
scarcely ever betn known In this market Hw sugars
particular we're in small supply for months previous they
bad been retting loss to the importer ana wnle tne
ton shpmen from abroad had been correspondngy dis
couraged When the popular apprehension nsa realized
the fact that there absolutely little or no sw sugar on
enough 10 cover the difference between the market and
the hypohecaon (for Dor owing purposcsl value China
No went 10 4l.o and Eastern crushed 70 leHc. per
ID Those a. ures however, were not regarded the
extreme pcnts 20 which the article would appreciate
Nothing sbort OF 16c Tor ouina ana &c &c o crusneu
were talked OF, and certainly was the general opinion OF
holders that further material enhancement OF value must
- -.
The stocks held by the country dealers may have been
else the fact lost sight Of that the
advanced must have very material effect towards
diminishing the consumption OF this article Whatever
msy have been the stocks held above II w1 caculat
ed when tbose supplies beca exhausted they would
purchases only on the most meagre scale The stock
sugars here on the LIST OF January last the imports
since and the stock write accurately enough
known, and we nnd that since the upward movement In
paces commenced January the stock here has not de-
creased much by forty per OF what the generally
admitted consumption Of the State.
The conclusion Inevitable, therefore, that there has
been either material reduction OF consumption In
quence OF the high prices ruling, or that tn
supplies have been derived from the liberal stocsn
held BY mp country merchans Both OF theps
may have eneced the resu u We speak o.,
the former being undenfeble, while In support OF -
latter opinion IL well known that Of the traders
above have considerable means and they could
overlooked the fact that for long time previous sugars