The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-09-22
COMMERCIAL.
From our Commercial Correspondent.
NRw YoRK- Weanesdnx- Sent. al-I.

which exorbitant prices would interfere while
evident that very considerable quantities brendsus
will go abroad prices relieving the home
Market and enabling producers obtain prices. Tho
that a:tened heathy market for bread
u gave confidence the holders of goods that the sup
ply would be over-abundan and also stitened tho
for materials wool, hemp, and cotton, all became
active at better prices.
The prospect larger exports of breadstus a, remune
ative rates raising freghs and mparng activity to all
OF transportation, Internal and external is now
recognised the sound and basis Of extended
business evidently affect the views Of leading houses
relation the degree of berality to be exercised in
meeting the of country buyers. The same general
appearance also promotes more disposition to enter into
large operations and consequence, money becomes
somewhat in demand, and per is paid for
money good securitiessay treasury noes-whcro it
was obtained al six short time since. Exchange
mains dull at which will not the shipment of
specie; nevertheless, small continue go for
ward During the past week 3i7l ,O95 exported-
making for the three weeks ending with the 18th instant
$780,, 4l4 of description and .tination follows
Exports Of specie of Nsw York. Aug 26 to Sept l6
To France. England Bermuda, &c. Total.
Foreign silver sa's sa9s3 sa,sS9 sa2ss
American sO gold, 1000 Zoo 'O.''' 100. 1900
Total, s27o,4N s22,llo sss,s64 sss2, All
The of Exchange follows, compared
with las. year, same date vi
1871 sss s 81 % s u; R.s Isl
isis., s4ast asso q soi ssa 81 7ssaas
The rates Of Internal bills the leading points now.
compared with tue dates last year, follows
Charles ,sa S os Mobile 1 ass , sH: St Louis n.
1873. All al. Il i sa as ri. AZ. Az
Thess figures indicate the very siderable change which
the obusiness has undergone during the year. In
the crop closed prices of produce, con-
pared with the previous have ruled low and the
of credits accrung in the Atlantic cities in favor of
the interior have been small compared with the pur
chases Hence in almost all sections of the interior money
has become while the paper of all business
has been plenty increased discount in New York At
New Orleans, for instance, the of bills at the
mencement of the new crop year stood as follows:
Sterling. ss ss 1 York New ,,. York
l 1873. sssasn.'. 11tsaa dis para
Last year the difference between sight and 60 days
IA per cent-being the of u per per
for money. The difference the commencement of the
presentyear equal to Is per cent per annum The
imports specie the port of New Orleans appear have
been very considerable, as follows: n ~ "
Imports of specie Ne,c Orleans, gear ending September
i is$: s ss;;ss 5 81; '; ;s;ss;s
Last year about two-tds of specie received at that
point government account for expenses. These
have ceased and exchanges the close Of the year
against New Orleans commercially, particular.
ly that the influence of the government movement if felt
ALL favor OF the north. This specie
and operation of exchanges indicated the of
the banks Of New Orleans follows:
Banks of Nep Orleans.
Exchange Notes Specie Circulation Depositss
Aug, lss s.osssa ssen..o sssess7o ss1oaeo ss.ssss
Aug is.s, asTsss s,aoiss 7sS1,s7s sassoss 7oao4si
The of exchange held by those banks their
last report but little half the they held
the time last year, when in Europe be-
ginning throw dcredit upon foreign bills In April the
of exchange high when the weigh of the crops
upon the market the amount ha, been reduced by
payment the of discounted ha, also, con-
hoap o1So radu o1thn tho
the specie hand is larger This has been nearly
the with banks other sections, and its operation is
throw paper upon this great commercial CENTRE and
the discount indicated in the above table of
changes The discount Tennessee money usually the
greatest il being difficult get payment from that
State than others In Ohio the banks have continued
expand their movement up to the present time The
loans of the banks of that State for August compared
with November, 1917, were as follows:
Loans of Ohio banks.
Old banks branches Independent Total
Aug, isss s.i7siss 7cai.sss 'i,sssiss 'ia.ias.sia
The discounts of the old banks apparently reduced
by the failure of the Wooster bank and the
ing credit of others supposed connected with The
loans of the others made from the multiplication of their
credits Generally speaking, however, the amount of
banking credits in all the States is exorbtant
pared with the aggregate amount OF business done.
The produce markets have been lar less animated al
though prices reasonably well maintained Ashes potts.
have risen 25 cents-sales So and pearls the same
rate being 2k better. The cotton market active
until Yesterday rise OF cent since when there has
been less DOING although prices remain firm, quota
being as olows
Inferior. Ord to good Mid to good Mid Fully fair
ordinary middinx. to fair. to gdrr.
Ne. and and Z II o. s,.s. sa.ss S:1 s:aa ia
The in relation the crop are indicative
large yield thus far Flour has been active mostly for
export but the receipts have been fair and price.
nearly the samesay round Ohio IS 8lA; and
mixed western S. SiA IS 57i pure Genesee 50 ST. S.
Georgetown and Petersburg mills IS $50 a s. Rye -four
81 S4l2k Corn meal is lower say So I2i 50 Is Ship
sufs 10 There has been less doing wheat sale
white Genesse 81 81 81 80 white Ohio 81 Is 81 Is
prime red 81 "a; red 81 Us 81 IL; common to
fair 81 22A prime southern 81 81 90 Northern ryeis
oer sales Ssh Barley wanted; sales old ~ cents
Canal steady IS cents; southern cents cash
Corn has become active than previous to yesterday
sales of some 200 90 bushels ~ 81 cents for inferior
western: sales round yellow 10 mixed western 81
62A cents high mixed 6 6a cents yellow southern ~
Is cent?. The exports OF breadstus, September to 49,
ha We been as folows from this port:
ISIS ISIS as,ia5 eai,S2s 1851 50
There is demand for hops; sales 1000 eastern
and western 10 ia Lead Missouri - y7l
pork has again advanced and prices are now 3
37k higher than the close of rhe week; sale. Of
prime 50 Is $40; $i2 Is 3l3 Bosf IL steady ~
si3 Sl3 rs ness 50 Is IS 81 prime. Lard has con
tinued 10 demands sales good to barrels 81 4 81
cents; fair 81 Butter and cheese remain in request
Rice Is finn 80 Si 81 I2i Whisky 10 lover saies
closing 2ja Tor Ohio TsIow Hrm 81 q ccnts
Tobacco is active sales K-nuck for exp ut 5la
n cents cd IA in M