Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-11-08
COMMERCIAL.

Nonfy Matters ia Europs.-We copy the annex
cd item, f ON the New York Express of Tuesday:
In England there is m1re money than use, for 1t,
md loans are easily made at two and two and
half and three per cent. per aunum. The Bank oil
England ia oyerrun with specie.
We learn from London paper that inslSjg, the
imnoua,ion Of three millions OF corn reduced the
bant N ,be verge Of insolvency, The bullion having
fallen OF fran Gl0,000,OOO 10 "a, SOC, 600; while
m 1912 the bullion in the bank, on the contrary,
was 60 SIG 600 in September, under similar de-
mand upon her resources Much Of this Cinerence
of result has bsen produced by the moro prudent
oolicv Of the directors 10 1889, after the bad har
vest Of 1888 they continued 10 expand their issues
and 10 keep money cheap by facilitating loan ad-
vnnces on various securities at low rates, erroneous
Nv concsiving that they could ctmpensate tbe GRAIN
on their bu lion chest, by throwing out more paper
IN 1912. after the bid harvest Of 1871, the course
followed was precisely the reverse. When tho short
hnryes OF last wear was oteseen, the directors pru.
IDENTIFY pursued stringent policy, keeping money
scarce and prices low, so ns 10 MAINTAIN 'asoraole
course OF exchange. The different result from The
ndooton e sound principle Of mInsgencnt-that
of governing the circulation by foreign exchanges
- demonstrated in the strong position OF the Bank
an October, 1912, as compared with October, 1889.
In the latter from negecling that rule tho establish
,oent was on tho verge Of Binktup;cy, and com
nailed 20 seek assistance ffcm the Bank OF France.
In the TO mcr from oboying that RUE, the Is NIX Of
Englard has rsgained her strength, ond her golfers
MI niahC1 bV on OVefuOW OF DulllOUs
The statement published by the Bank Of France
,oo,a;ns the official account OF its position and OPP
efations for the last quarter. From this statement
!, appesrs that tho specie IN the Bank amounted IA
COS 377 2GOf the bills discounted 10 ISL DUB,
ga3f The advances on bullion TO 37Il, 3OOl
ord he Iosns on public securities 10 2O97l ,G04i
srbs ether aide Of the accounts shows thst the a
mount Of notes 10 eireu6t on was 224 Oi2 56Tf, th,
balance due 10 tho treasury in aecount current, l3l
154 1881: and the balance due on private deposi
80 IA fr1ra 81 ase
rnent that the specie in the Bank OF France IS only
no as sO7f, less than the amount Of their notes IL
eirru alton, difference equal 70 about GI6J,OOO.
ULiaois- Brsadstgfs aId PSouitionS-The Altor
'Tsl,graph OF the 22d Ut says wheat has CONT
IN dnfinr the past week in greater quantities thai
n, ,be Isw weeks previous IL hos mainls med tht
ptico ouo.e1 by US last week with mnessj that D
lfom IS 10 37l GEMS per bu he's good lots only com
rnsndrng the !ater price. Most that comes IN D
taken for lorolgn account
Peas AND BEEF.-FTom inquiries that we hnv'
male (says the Alton TelegToph,) Of those hereto
fore engaged in the above business. we have no he
citation IN asserting, that market will he ioun'
this uintet in this city for eli the Fork that will b.
brought IN. Toe price, however, VIII be low,verl
low; VARYING from one TO Two collars per hundred
and none bu, choice and very heavy hogs will com
rnand the latter price.
As TO Beef there will be but very little, II any pu
chased The fatal consequences that have attached
,vsrv person who has iouc = beef for the last nv
wears will hsvs the eiio,t Of diving oil the know
Inc oocs" from the market.
lCTS A correspondent Of the New Yoik Journi
Of Commerce, writing from Illinois, says that u e
ouirss Two hundred pounds OF pork 10 purchase
pound OF tee, thirty miles distant; but IS set Q
20 this, he adds the price Of first rate COW and es
IN Stalk county, s from eight ten dollars. Oal
Oceots; com IL I 2; viner wheat about 70 cen
bushc potatoes at Pero cents 6u'hel; onio'
T.. beef 10 reiniled al three cents per poopd.
T,sSs Of Baiifncre LII ford's Commercial Jou
nal OF Saturday contains lSLle Of exports iiol
Baltimore TO foreign ports during the quarter sndIf
on ,be 90 n Of September, Isi2 compared with %
same time IN ls4l. From u We learn that TIE -
port Of ioJaooo amounted 70 l',zoS mos, uo'.
s5e1 IQl. Adding What had been previously 81
poyted during the year, the amount u 3I,4l9 hhd'
uosIh sl,647, 9i5. Tie increase on the same tn