San Francisco News and Tall Tales: 1800s

Review of the Market

May 15, 1852, Daily Alta California, San Francisco

Review of the Market

Since last steamer business has been moderate, and we have no important changes to notice.

AGRICULTURAL IMPLEMENTS, of some kinds, are becoming rather plenty. Such however, as are suitable for the coming harvest are in good demand.

BREAD STUFFS are lower. Considerable sales of Haxall and Gallego four have been made at $8, and Chile about the same. There has, however, sprung up a speculative demand for the former, and it now being in few hands, we presume a rise must follow. Large quantities of Chile goods have come to market damaged on the voyage, and being in bad condition has had a very depressing effect on the market for a long time.

BOOTS AND SHOES have not varied since last review.
BRICKS. The demand is very good, and will so continue; the demand being fully equal to the supply, both of our own manufacture and imported.
BLANKETS Sell at 25 to 40 per cent advance on fair charged goods.
COFFEE. Not much doing; prices keep about the same.
CEMENT. Stock increasing.
CANDLES. No change to notice.
COALS Have rather receded, but as the market is very moderately supplied, and all the ports between this and Panama bare, it looks as though the market would rally.
CLOTHING. Prices are well sustained, and good desirable invoices bring from 50 to 75 per c. advance. CIGARS. Prices about the same.
DRY GOODS. A good deal of activity is manifest for desirable articles.
DRUGS AND MEDICINES. Articles in this line remain about the same.
GRAIN. Arrivals heavy, and the growing crop extremely fine and large.
HARDWARE. A fair demand.
HAY Is lower and our crop heavy.
LIQUORS. Hardly as firm.
LEATHER. The demand rather increases.
LUMBER. The demand is far, and prices pretty good. A mill has been put in successful operation at Humboldt, that will turn out daily from 50,000 to 70,000 feet, which must have an effect on all rough lumber.
METALS. A good deal is doing, but prices fluctuate greatly, according to the supply and demand for particular kinds.
MOLASSES. Held quite firmly.
NAILS. The supply is kept up. The smaller sizes are not very plenty.
OILS. This article has been dull; the demand small.
STATIONERY. A good retail demand.
SUGARS. Stock increasing. No imports of consequence.
SPICES. Sales for export to the Atlantic ports.
SOAP. A good stock.
TOBACCO. Market well supplied.
TEAS. Prices steady.
WINES. A little firmer.
MISCELLANEOUS ARTICLES Such as Pails, Carts, Wagons, Wheelbarrows, &c., are doing well; while the stock of Brooms is so large they do not pay the freight.
WAGES. Seaman s $30 to $70 per month; Laborers, $4 to $5 per day; Carpenters , $7 to $8 per day; Workers in Machinery, $8 to $10 per day.

Sterling (60 ds) --1/2 47
France (60 ds) 4 80 @ 4 85
Bankers' bills, sight, Atlantic cities 3 per ct. prem.
Valparaiso nom.
Mexico nom
Gold Dust, clean $17 @ 17.25
State 3 Per Cents 7 @ 8 per ct. less principal and interest
Do 7 Per Cents 72 @ 73
Do 12 Per Cents (according when issued) 70 @ 72
Do War Warrants 40 @ 42
Do Warrants 67-1/2 @ 68-1/2
City 10 Per Cent Bonds 71 @ 72
City 3 Per Cent Scrip 107 @ 125
City Comptroller's Warrants 5 @ 10 Per c. dis.
County Script (according when issued) 62 @ 80
Central Wharf shares 85 @ 87-1/2
Broadway Wharf shares 65 @ 70
Pacific Wharf shares 82-1/2 @ 85

Since our last review, the Legislature have passed bills for the funding of $600,000 of the State Civil Fund. Also, the War Fund; and the floating debt of the country. Also, authorizing the receiving of the unfunded State Warrants for the payment of the School Fund.

There is no provision for the payment of the interest on the War bonds, which will cause them to be unsaleable, until the U.S. provides for their liquidation.

The floating debt of the country is small with plenty of ability, and inasmuch as the warrants bear 10 per cent interest, and of funded but 7 per cent, we doubt whether much will be funded, when both the payment is deferred and the interest decreased.

Matters are going on very well, but if we should judge from the number of ships on the way, that the imports will be excessive and losses ensue.

Ships at the seaport of San Francisco, California

From the Alta California: "From January 1, 1849 to April 11, 1849, there were a great many arrivals by sea, including at least 3,000 seamen who abandoned their ships upon reaching San Francisco.

Californians 13,000
Foreigners 18,500
TOTAL 94,000

The Project

Maritime Nations, Ships, Sea Captains, Merchants, Merchandise, Ship Passengers and VIPs sailing into San Francisco during the 1800s.






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Sources: As noted on entries and through research centers including National Archives, San Bruno, California; CDNC: California Digital Newspaper Collection; San Francisco Main Library History Collection; and Maritime Museums and Collections in Australia, China, Denmark, England, Finland, Germany, Ireland, Wales, Norway, Scotland, Spain, Sweden, etc.

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