The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-12-17
Price in New Price In Equal Price Lon Equal
York. London. TO ster- in N dom to ster
ling at York. ling
Sterling, 7}as 9al0t 0ala
Paris, 26f 27} " 22S Is To-
Amsterdam, 39ta sol ~ II 40a 4oA 70 s To-,
hamburg hamburg sst s,a a, s,isss

The London prices quoted are for sghtbls on the con
nent. All these rates, as remittance to London rule
above 10 per cent; while sterling in New Orleans, is at
average Mexican dollars have, it is observed, fallen
London 3D. per ounce and have advanced in New York
per The supply of bills the continent is usually
large Indeed the purchasers of goods from the continen
usually require all the bills drawn it, besides
ling balances in addition. England has usually bought
more OF us than have bought OF her while, with tn,
continent, France in particular the has been
case and bills considerable have on Lon
don from the continent American account. In conse
quence of the comparatively small amount of American
credits the continent American emiers have small
opportunity to arbitrae" 10 advantage and this dsad
vantage Is increased through the absence of all coun
ter exchange" from England Between all other com
nercia nations there is exchange as ,hus
Paris merchant wishing to remit to Hamburg,
certans the price at which bill be bought
Paris. His advccs tell him at what rates an accept
ance can be sold in Hamburg. II the latter is the
favorable he sends his acceptance Hamburg to be sold
by his correspondent He thus avas himself of the diff
ference OF exchange between the cities The United
States have in this respect emerged from colonia
vassnlage. A bill on the United States is offered
London Liverpool When merchant here is to remit
he buys sixty day bill England. IT. now he is arait
of those bills, because OF the decay of English credit his
only is and buy sovereigns and ship Them
loss perhaps Of per Last March, bills could b.
bought at per cent The merchant ships gol
at expense of TO- seven per cent. difference (which
seven per cent it will be seen, is equal advance in
the tariff that extent We're there system of
pool correspondent to draw him. When the United
States sell produce England, they give IS days
credtthat is, draw bills 50 days sight When Engan
sells goods to the United States she for the part
the cash remed at once; and when she is pinched,
this moment, she cash for the goods and won't pay
for the produce. Instead of having good bills 70 remit il
abundance ut per cent would be the Engan
in good credit importers remit specie choice bls
lopecie l0l and, in the of mares btnco
I2being loss of 4 too per cent the Of tie
imports fs.d Ht A
The market, today for the tomorrow, showed
downward tendency in blsnore particularly that OIL
being shipped more freely under circumstances ta
may improve the supply ofchoice bills.
The produce markets somewhat better affected by
the than the money market There has been quit
disposition ship since the arrivals and frcghs oie rim;
moro freely Liverpool, some little advance has beer
obtained-3l6 for square cotton in bulk ID flour
Cd. Flour TO London 2s a q. 81. +tt
Cotton has continued to improve having advanced Id
in the last three days and is 3D. above the
November l. The receipts thus far all the ports ars
80 36i bales less than last year, Notwithstanding that the
past has been the most favorable record for pick
ing out. The quotations stand folowss
Ordinary to good Mid good Mid fair TO Fully fair t.
ordinary. middng fair good lair
S Sssi. No s's t.J 1,:A ga 1:si
The mild and summerlike weather has kept open the