The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-08-12
San Francisco Markets.

SAN FRAsC1soo Monday, July Tsp. "A.
very limited business has been transacted IN this
market during the past fortnight An active trade ia not
uaually looked tor during the month OF July and tue
causes to Which referred IN our last fcr,nghty re
business of little Importance But few fluctuations IN
prices TO be roted, rates having been NORMALLY sus
tanned without the opportunity Of determining the actual
condition Of the market, ewing TO the default OF buyers
Heiders Of goods have been obliged to refrain from
forcing sales by the certainty that they could no. dispose
Of them without great sacrifices. The usual method Of
fercipg goocs at auction also resorted TO-
being evident that further decline IN prices would re-
suit from any attempts TO realize The aggregate trans
actions therefore, ere OF little moment and anord pu,
limited material for q review.
Within the past thirty days there have been but aye
arrivals from domestic Atlantic ports nu nbsr OF yes
Eels have consequently the meanwhile been considered
due, and q. the rrefent time there large
Of hanis liable to be placed upon the market
moment. This circumstance has, 70 extent prevent
the country trade from sending for ward ORDERS and
made the city obbers dslnclned TO purchase 'ro socks
already in II is the prevailing impression ina.
upon The receipt of the quantity OF goods thai
due, the market will 20 still lover, While none are so
as TO anticipate that change The dissivan
tage of buyers en.ue from the onsrrg OF additional
supplies.
rsin from calling upon US at present for goods, the du
usual 10 the season prevails and large Indebtedness
the part of interior traders 10 their business
tons in this city exists which will require liquidation
fore operations can be resumed The deficiency in the
latter respect We are inclined to attribute more TO the
tom Of eettling mp old accounts when bills in
CURED than 70 any positive disability on their part 70
meet their engagements The funds viii likely be
forthcoming TO square up old bills as Does
shall require TO be incurred, bu. settlement will es-
sential ID the renewal OF businefs.
Without expressing opinion es TO the probable
OF our market upon the opening Of the fall trade may
venture the suggestion that its condition. to the ;ermna
ton OF the period when active operations for the
shall cease With the setting In of the
sioty be accepted by parties at the East
TO resume shipments. We infer thu. there has been
desirable cessation on their part since the 1s inst and
that there will be during the fall trade with moderate
revival in prices or at least that goods will become
able al some price,
But no hope can be INDUCED of even alleviatug the
very serious losses that must in event be incurred
upon the first faint revival of trade parties here plunge
into unwarranabe specuatons others abroad take il
for granted that they find profitable market for ship
ments until the old stocks here shall be relieved by con-
sumption.
For quite period Of late We have had occasion TO
speak of the heavy stocks Of East India and Chinese
ducts. These continue to be augmented with q declining
tendency prices Such goods as supplied TO from
European ports are in excessive supply but the i'm
mepse gut OF American merchandise while keeps the
market depressed and renders money scarce
activity in Imports that otherwise would be having
profits.