SAN FRANCISCO.

West Coast Times, Issue 100, 12 January 1866, Page 2

SAN FRANCISCO.

So much of tho corn supply of tho colonies being derived from California, tho following commercial report of tho San Francisco Evening Bulletin will bo read with interest : —

Although there is no nuthontio information with legard to tho magnitude ot' the cereal crops in this Stato the cunout year, it is tho generally accepted opinion tha 1 the yield of wheat and barley is in excess of that of any previous season. It is therefore a matter of no littlo importance to ascertain the slate of tho markets abroad, in order to sec what the prospeo s are for supplying the deficioueos. From tho latest accounts at hand, it would seem that England will obtain less than an average harvest, Franca and Gormany fall belo.v their iuu.il amounts, while Spain is said to bo in need of succour. Wo cannot of course know the actual results of thoso harvests fou.i-omo weeks hence, for tho reason that they aro much later than thoso of our Kasteru States. Still it is positively asserted that they will be largely deficient at iho best, and in that caso thoro are but two adequate resoits, viz., tho D.iuubiun Principalities and tho United Statrs. The former, it, is said, will UaVo a smaller surplus than usual, so that tho duty of supplying the European deficit may peilups devolve largely upon tho United ij>UUcs. Nono of the esiimato of tho European grain crop, that we Invo seen place it at more than 90 per cent, of an average, while some go as low as 60 per cent. Probably the truo ligure will fill somowhat between tin two extremes. What tho yield of wheat will be in tho states east of the ltooky Mountains, it is of course impossible to forotoil with any dogreo of cortainty. Wo lmvo heard much of lato about tho serious damage sustained by excessive rain* in some of tho Western States during tho latter p.\it of July, but speculators in tho Has 1 , it is well known aie prone to exaggerate all drawbacks in this connection for sinister purposes. We are therefore inclined to believe that the damage dono is over-estimated, and that, taking into consideration tho increasod area under cultivation the yield will bo nearly or quito an average. It turns out, too, that thoro is a much larger supply of last year's crops in Ibo West than has been generally expected, tho farmers baying hold back their supplies last season, in tho hope of obtaining extromo prices. The receipts of old wheat at Milwaukoo and some other Lake ports, at lust uccounls, are said to havo been doublo thoso of tho corresponding dato last year, when tbo West was pretty thoroughly drained. .But should tho wheat crop iv tho East in reality provo short, we havo iv tho State a surplus to sparo for needy foreign countries. Indeod, wo aro informed that orders from Europe havo already/ been received, but tbo low prices at which they arc limited preclude their oxeculion. According to the latest quotations in the English markets, and with £3 per ton freight as a basis, wheat oannot bo profitably shipped henco to Great lhiain at a higher cost than 1 dollar 35 coats to 1 dollar 10 cents per 1091bs, so that tho prospect of finding an outlet in that direction is not very oncouraging at tho moment. It is utidorslood, however, that tboro is somo probability of a largo influx of tonnage from China, in which event freights may rule low I enough to raako it an object to ship wheat to Europe lator in the season. Our warehouses are rapidly filling up, und, should cirou instances prove favorablo, wo may look for extraordinary activity iv tbo export trade during tbe wintor. In any ovent, there is likely to be a domand for China, Australia, and Mexioo. Wo shall wafoh tho ooursff of tjio foreign mwttofr with uo small fcSWQt fyttml,

LATEST DATK3. London ... Oct.' 27 Gallo ... Nov. 21 By Kleelrio Tel- ' Australia. graph ... Nov. 10 Melbourne ... Jan. 3 New York ... Oct. 14 Sydney ... Jan. 0 By Electrio Tel- Brisbano ,;. Deo. 20 graph ... Oct. 10 Adelaide ... Dee. 30 Pan Francisco Oct. 14 Launccston .. Dee. 28 Valapiraiso... Oct. 8 floUrtTown Dec. 27 Mauritius ... Nov. 23 nrw Zealand. Capo of Good Dunedin ... Deo. 22 Hopo ... Oct. 23 Auoftkuid ... Dec. 2S Hong Kong... Nov. 1 Taranaki ... Dec. — Singapore „ Nov. 9 NeKon ... Jan, 9 Calcutta ... Nov. 7 Wellington ... Jan. 3 Bombay ... Nov. 13 Inverciirgill,,, Deo. 25 Madras .. Nov. 16 Lytlelton .. Deo. 26 POST OFFICE NOTICES. MAILS CLOSE — For Glu-istoUuvoh, each Monday, at 9 a.m. • For Grey ltivcr, eaoh Monday, at 4. 30 p.m. For lions Town, each Friday, nt 4.30 p.m. For Waimea, each Wednesday and Saturday, at 4.30 p.m. For Kaniori, each Tuesday and Fiiday, at i.30 p.m. For Greenstone, finch Thursday, at 10 a.m. For Totara, eaoh Friday, at 10 am. For Great Britain nnd the Australian colonies by s.s. Gothenburg, this day, at 1 p.m. Registered lottois one hour previously. MAItS ARRIVE — From Ohristohureh, oach Friday night, From Grey.ltivor, each Thursday, at 4 p.m. From Ross Town, each Wednesday, at 3 p.m. From Waimea, eaoh Tuesday and Friday, at 5 p m, From Greenstone, each Tuesday, at 4 p.m. From Totara, each Friday, at 9.80 a.m. Sydney J. Dick, Postmaster.