The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-11-18

Depostes $35096,6l6 |
Circulation nett iss1isa issssOls a2ao5s1 asslsssI
Canal und ssl737 ol6so l,2sJoos il6os,ils
United States l,00s,3ao 3ia,786
Total. sS5slsSas sas4aa4ss s~sO7lsl sss,sasSs1
s ss:s Items. s ::s sss sss s
Total ssssa ~
Loans 7soOsi 6s.sos,s1s so7ioST so,aas,529
These figures show extraordinary degree of nfiaon
five consider the large item of cash items really
available cash MEANS but they for the most part actual
loans to brokers CALL with stocks collateral taking thai
shape to avoid too high figure for oans brokers'" As
compared with las, year, the circulation is $40OO00O
higher So 900 is due deposors, and $30O0O00
more to banks-being $l2OoOOoO for those three items
against ST. 600 900 specie on hand on the ISL and
which has since been diminished by shipments to that ex
The loans indeed $S,OOO,O higher, maturing
within 60 80 days; but is evident that until the extent
of the present artificial of the precious metals is as
certaned becom the institutions to be cautious The
Caledonia which sailed yesterday, carried $662Sf2 In
specie making fully $l,0oOOOO shipped from here and
Boston since the OF the banks was made up 1t is
curious that the 800 100000 specie drawn by the ndepend
treasury January lst should have had less ee
than ST. 600 exported Under the former demand, the
banks expanded rapidly; under the latter, they 'snue
ship with all expedition This export OF specie Is artlh
cal and results from what few years since, would
have been laughed improbable chimeru--viz: the
ruin OF British credit Not only in New York, but in every
city of Europe and the world a London bill would once
have commanded capital oany magnitude or description
firm large margin price does not tempt him but he
buys his bag of gold and ships in discharge OF his debts
The general effect of this is enhance specie in Eng
land because the bills that not bought must neverhe
less be paid unless universal dishonor indeed overtake
them Being paid the gold will return in perhaps the yes
sci that carried The bills Of such houses as Brown
Brothers. or the Bank of Montreal cannot find discount in
England and produce is worse than thrown away as re-
mance by any, except those of regular correspondents
The of specie during the past year has been
curious For many the precious metals had accumu
lated five points, and reached its maximum in Sepem
Der, 1886. At that time the amounts hand and paper
outstanding against them were as follows:
Specie. Same in dollars. Paper issue.
R,n us no, sS sSsso SSS
Bank Of England % l6a4sass 7sss49s 10000 coo
Banks of New Orleans 0,627,o27 s,o57.o7i
Total $aas,l4ss4o saSs.l7e $50
These of specie very large, particularly at
the department of bis of credit in the Russian treasury,
where it had accumulated mostly from the mines the
product of which in 1916 1729 poods taking which
SO bs and gold "a per gives 900 for the year
In consideration of this large accumulation il that the
government in DEGREES ordered f6 900 of the bull
lion be invested in stocks OF this 900
was invested in 900 frances and the last nsalmen
was paid this month in Paris large portion of the bal
ance was put in English stock. The gold west
en Europe did prevent drain, which has reduced
the gold in the Bank England E3439 TOO and the sill
YER in the Bank of France to $l7922,3s9 The whole
of specie held at the above five points the
latest dates $685. 26 798-a decline of SS7 900 OO0
bullion left the reservoirs and forth in quest of pa
mostly the shape of food and produce To bring back
to those points, other capital In the shape of cre
goods seek it, Railroads not available for that
purpose and other branches of industry in England
seem to sccumb that the speedy return of prosperity
not yet be hoped for The steamer nearly due is
looked for with interest, and many hope for easy
ket there in which prices would rise the specie
shipments STOP and bills become available to adm,
of the shipment produce advantage These hopes
founded mostly the advices by the last that many
of the leading lines about suspend operations This
work of suspension will not however, be lightly underta
ken The evils that presents nearly great tho
which it is designed by it. Great hopes of relief
entertained from the issue of small notes in France and
England Hitherto, in the former country less than
500 fancssay $0O-have been issued and in the latter
none under E5, $25 II is evident that when the lowest
paper money is of high denomination the quantity oil
specie which fills the channels of trade will be large |
member of the Deputies Mr Fould Partisan banker
stated in his place that the specie circulating in France
was 1905 900 900 francs, 1906 600 OOOneay all silver
la England is estimated that 3O0O00 soveregns
in circulation Now, although this answers the purpose
circulation the countries being poor turn into
other capitafood and produce Hence they propose
to drive it into bank vaults whence it may be exported by
issuing small The Bank Of France authorized
Tor 200 francs $40; by which some $780,
900 of specie will be recovered from circulation In
England it is proposed issue 81 notes, and release
eco 900 of gold for the of foreign These
two would make $500 900 900 of specie, for which
England and France want produce put into railroads
pressure, and restore prosperity II it is enough and
of the English roads 500 O00 then
capital perhaps the jewels, be morgaged
and let Victoria PASTE like of her predecessors
The Bank of France has begun issue its small notes. and
may aid the government in getting its $7OO00OO0 loan
but will probably not relieve England much, under
other circumstances might In England of Par
lament is requisite change existing laws, and that does
not meet until January. In the me the chances OF
the struggle capital will continue to influence the mar
kets.
Business generally continues fair to the country traders
many of whom have been in town. and purchase fairly
The imports OF duabe goods for the first twelve DAYS of
November 81 S72 against 81 t06 l02 year and
the duties s546959 against Slsi274 last year These
arrivals have with ready sale and the markets both
for foreign and domestic goods healthy. The auction
sales frequent and satisfactory Produce markets are
however, dull by of the Of the exchanges
Cotton is particularly heavy under the of affairs and
the dropping of price makes many holders
to get Some lots have been sold at difference
of cent between cash and four months, which is
equal to IL per cent The receipts about the
last year. and the export has been largersay double
that of last The prices have again fallen. and
tons follows
Ord to good Mid. to good Mid fair Fully fair TO
| ord mid. TO fair. good fair.
Up. and Fla. 6ta63 Han 1Iasi sia63