Lexington union. (Lexington, Miss.) 1838-18??, 1839-12-07

ieTGSt must uC pun w 0~'"'H N's uHf~"A'
Of money on the best american securities,
and serves therefore as guide to capital.
lists here for the purchaseof state stocks.
We quote tile last prices Of the principal I
securities at which business has been done
but must add, that even at these rates, only
small and occasional sales are practicable.
The continued fall ia ihertna, ket value
destroys speculation, whilst many years
will lie required for, real investments 70
obsorb all thal,ls at present u our market,
Wesdo not,donbi, but that such gradual /
purchases will continue ofslhe stocks Of
well known states which do not overissne,
and which faithfully meet their engage.
nents 10 their creditors, as the confidence
III The resources and national honor+ef The
United States remains i,ndiminishcd in
this country, asWell as the sconpiciion that
by. such investments, EngG employs,
her annual surplus OF capital both safely
and probably, encourages her teat Gus
Ftomer,s and binds more clcseIy tic ties Of
mutual interest between, tie Two conutrIcss
! But if ahe whole scheme Of Internal i'm
lprovcmentsl ineihc Union is 70 be carried
flnto effect onsa vast scale, and with The
irapidity lately'prejected ard By the means
]oi loreign capital, q more comprehensive
1 guarantee than that Of individual States
Will be required TO raise SO largean Gmonnt
in, so short time. A national pledge
would undoubtedly collectcapitaltoge iher
4 l.om. al. parts Of Europe; but the forced
fsates Of loans made scpalatelyFby oil the
individual States insreckIess competition,
Though number ofcGannels, render the
Etefms more aud more enormous for oh
lower the reputation of ACKNOWLEDGEMENTS,
Land Gas reliance is almost exclusively
placed en- the London maikell produce
Temporary mischief, by absorbing ihc
i7the floating crpi,ai, i]iycrirg money from
regular business, deraneing banking ore-
tasions, and producing an unnatural bal
lance Of trade against This County. 1t
wpv'd seem, therefore, gsir some Of The
States mcst citber.patse iniic execution
Eof their works u iii,eruaI Improvement Of
some general system Of Giration n,lsl
be adopted.
/ All colpoiatiou stocks are neglected,
nor do wchear Of any Transactions in bank
| sl,ares,exceptidlhose Of tie United States
Bank.
+ Cotton has declinedl -ad a 3 Cd per II
on American during The monh', and sells
! slowly npws the. demand for exp ri has
/ been rather larger, and met readily by
holders, our home consumers, how ever arr
i unwilling buyers, as the denand for twist
is quite limited, goods are very depressed
and prices continue TO decline; tic g'adu
al reduction oil stock is the most favorable
. feature; at any previous periedsit woult
have brought spectators into The market
4 but The uncertainty as regards'ihe future
aalle Of money, and The fear entertained
by many, that onless an Improvement i
The demand takes place, many mills vii
not light up for work during the winter
| months, deter any action in tha. quarter
The imports and stocks to the end OF Sep
tenlber are as follows, viz:
: IMPORTS.
1888. 1880.
Great Britain, l,305,540 9s4,Got
Olher ports Europe, 5o7, Ois 4i7,7s4
Tetab ylsl2.55s l,4ol,7s!
Erafrs Isl Oct