The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-08-20
Of liabilities. $685., 25l A, O0s, 4O9 /

Excess of liabilities, 3995225 49,O0S,4O9 1O,056,l5s
The increase 900 0OO corresponding the increase
Such the of affairs the ls of
he month Since then, in the above table of inn
ports they have paid $l,700000 in specie for duties,
banks have demanded balances which have taken,
is stated altogether $30000 900; and instead of
nuing the loans, process of curtaiment is going
which securities to be realized and fall in prices
Under supposition that the loans 90day paper,
there paid into the banks from February to May
1923 per month"; and the banks loaned $25 900
per month. From May August there would then have
been due them hereupon l5 OOO and they loaned 27
600 OO0 During August there will be due them 1871 5OO,
0OO including interests and they will not loan $24O0O,OOO,
although this is the of the when they usually
expand This great othe banks has taken place
under the action of the independent treasury which has
transferred several millions ofspecic TO New Orleans without
its being felt The expansion fast running into over
action and perhaps explosion Fortunately, the resric
i've influence of the treasury action upon finances Is begin
ming to put a check upon the movement. What would
We been of affairs had the banks had possession
of the government funds and had loaned them in adi
ton to large credits which they have created! Assured
y n disastrous revulsion would have been imminent.
y the arrival of the Cambria there IA days later adj
vices from England and would seem that the continued
large mportaons oproduce increasing the unfavorabe
state of finances The Bank of England had again in
creased the of discount, which caused fall in funds
and depression in business generaly-more particularly
in Lancashire-and had important influence in pro-
ducing a panic in the market; under which prices
were good deal declined, but considerable difference ex
isted between of London and Liverpool The letters
have not however, been received and dealers not dis
posed to act upon the meagre notices got by telegraph
The general business active, and imported as well as
domestic goods freely off in regular trade The state
of business seems to healthy nasmuch as that bills
small but frequent and the trade active at remunerave
rates without the creation Of long doubtful credits and
returns are more rapid and prompt into the hands OF city
merchants The produce markets have been dull awaiting
the expected news by steamer Cotton particularly has
been Inactive rather declining prices, and the prices
before the follows:
Ord to Midi Mid fair Fully ar
good ord. good mid to fair 10 good fair
S Mosils AND snd n o II liza i assi isss
IL the Geographic reports correct, there has been
decline Id Liverpool The market here is of
course, without action until the letters arrive.
Flour continued steady prices with rather an increas
ing demand both export and home use, say IS S7h
So for Genesee There sale, for delivery in Oco-
be s. rs There sales OF Baltimore at sea So Is
New Orleans souri, 81 81 37i; Michigan and Ohio IS 62A
So sly to So Is for lot new Ohio The steamer being
announced at noon on Wednesday, the transactions
27s the price in Liverpool and Bis IN London. The
did produce material eHect-hoders refused to
sell under IS 80 So 10 which is less than Is decline
Wheat had been in fair request at 81 Is for mixed Ohio
New Orleans red 81 06 81 90 northern rye scarce 81 a
So cents Sales $4,000 bushels oats, partly for govern
ment, at 40 ~ Corn had improved Ia cents;
mixed western "a II cents fiat yellow 10 Is cents
white n 49, and 80 for round yellow. White peas
SLASH IL. This market held up for the letters.
Provisions very inactive Sales mess pork nj Sio
IS prime beef 80 lard, in good demand advanced to
q 104 in bbls and 10Y in kegs, cash cheese 10
export II cts Pennsylvania and Ohio butter IL 10 cts
Rice impTovedsaes, for export 50 % 80 Io clover du
at 81 cents American hemp has advanced both here
and Bosonsales dew-ro $50, six months Missouri