CALIFORNIA. Extracting Fun from Adversity (From the "San Francisco Herald,"June 11.)

New Zealander, Volume 7, Issue 560, 27 August 1851, Page 3

CALIFORNIA. Extracting Fun from Adversity (From the "San Francisco Herald," June 11.)

Some wag has, in the following squib, plucked from the Inte fire the material for a humorous caricature of the manner of conducting business between San Francisco and the Atlantic Stares. San Francisco, Juno 1, 1851. Messrs. California Speculators and Shippers: Gentli'men — We beg to acknowledge the receipt of 17,560,410 invoices and bills of lading of goods, shipped by you to this port. Most of the goods have arrived, and we have disposed of part at one half of the prime cost. Many of the invoices were closed up by the regulnr fire of the 4th ult. We inclose you a general account, and shall forward special account sales "in the fall." We send you the Alta price current, the quotations in which you can rely upon as the highest retail price. From the commercial articles you will be able to see the perfectly transparent state of the market. Some two hundred of your vessels have cleared for China, and the East Indies; the balance, say five hundred, remain in port from our inability to negociate further drafts upon you. Most of them are less liable to sink as they now lay upon mud flats, than they would be if sent to sea, and we would advise their remaining as they are some forty or fifty years. We would advise the immediate shipment of some five hundred assorted cargoes, as the supply in the market is not more than sufficient for fifteen months. By all means ship in clipper ships, as the commission on freights at 4 dol. per foot is quite an item in our receipts. We recommend a large shipment of pork, which article if not placed here so as to be sold at 5 dol. per barrel, will be driven out of the market by the large supply of fresh provisions being carried into all the mining districts. Any article quoted at high prices, the consumption of which is limited, should be shipped in large quantities, in order to compete with the host of other shippers. It is not advisable to Bhip any of the produce of your own country, as the supply of such articles mostly come from other ports. We are daily expecting a large supply of sugar, coffee, spices and fruits fiom the North Pole, and several cargoes of dry and fancy goods from Siberia, which will doubtless go off readily. We regret to announce the loss of sevornlofyour vessels at sea, thus restricting our commissions, nnd rendering it necessary for you to collect the amount insured. In shipping dutiable goods, you need never provide for tho payment of tlie duties ns wo nro at all times pro pared to advanco the amount required nt ten per cunt, per month interest; or, if you prt'for it, have tlio goods stored in the celebrated U. S. lire-proof bonded warehouacs, at the trilling exponbu of 7 dol. pur ton the first month, mid 3 dol. each succeeding month. An nnmveianry liro is confidently expectud on tlio 14th hist., when wo hope to oloso most of our conBignmeuts, mid forwnid you finnl ncct. bales. 'I ho balance of funds will bo remitted by the first vessel " in the spiing." Trusting lli.it previous operations liorc havo proved auflicuMitly wvtinlactory to nuluco you to conlinno shipping as lonp, jib you nro able," and to udvm« your frit'iulH to do ho whon you luivo loured fiotn (he business, wo remain gentlemen, your obligoil &o. &c. &o.