The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-04-01
COMM ERCIAL,
New YoRK. March 29-Wednesday, 4. d.

When the magnitude OF the events politically that have
anspired is considered their effect upon commercial al
airs is by no means so injurious thus far might have
anticipated The revolution In Paris burst forth like
thunder clap astonishing the wordeven the actors,
aps, than any elsS As the news OF this
spread Europe, Hr seems to have met with
hearty response from the people in all sections, partc uary
England and in the Italian and German States. The
opulace in great cities became excited, and mani
estatons OF discomfort with their grievances resulted
Large merchants and capitalists became cautious, as the
events OF the last fifty years have given them reason to be
md the results have been great money pressure and
naiion OF business The quiet OF the revolution
and the peaceful and unanimous of France the
PROVISIONAL government and its views served soohe the
Tears which the first outbreak excited and indications
# returning confidence manifested at the latest dates
Before the events in Paris English consos done 81
IN London and they fen under the Paris accounts
80 and rose to 81, or SS with dividend and they
Town TO 81 in November. The French government nego-
ined in November $50 900 with house of Roths-
child rs 25 These fell A. and rose again to 81 at
he latest dates These figures describe the effect events
upon the public stocks In the mercantile circles few
failures occurred and much panic prevailed. The banks
which obliged to stop discounng owing the diff
Guilty of getting specie when the communications
Paris interrupted, again resumed business when
hose communications restored and affairs be-
coming smooth, when the large banking house o.
Goun Co. stopped for 60 600 OO the 9Th This spread
much Alarm but the house called meeting OF sharehold
upon them u.s. 900 O00, enable the bank
resume AT Bordeaux and Nantes confidence area-
dy restored, and business active The government had
granted respite of duties until parties able pay
the amount due to bear per interest The disturb
ance which the regular of business had with
throughout Europe, caused great decline in the demand
ior English goods, particularly cottons, which, in
junction with little disposition to riot in the
large English cities, acted unfavoraby upon cotton
causing decline of 3D. Breadstus the other hand
had advanced Money in England, by of the nds
position to lend had again greatly advanced and per
cent demanded and these circumstances had again
accelerated the failures The bullion the bank how
ever continued to increase, and had reached ETA 40
on the 18th March. Exchange France rising, by
reason of the dstrust OF drawers well dawees.
tits matter of congratuation that the revolution of Paris
occurred almost at the close of Of the
camille revulsions that has taken place England
has found credits throughout the commer cal world in
more contracted state than perhaps before and,
therefore. had less power of mischief Had it occurred in
OF high confidence and active business, its
mecia effects must have been severely felt on both sides
Of the Atlantic AS it is, merchants have for several months
been bringing their affairs within mpregnable pos tion
and less exposed external influences than usual
The loan contracted by M. Rothschild to be pa 4
10 COO 600 francs per month and by ofthe great
fall it supposed he would be able comply with
the terms But he promptly intmaed TO the government
hat he ready make good the instruments and his
Example greatly facilitated the quiet In England
pears Lord John Russell had renqushcd the proposed
increase OF two cent in the income Possibly the
deficit will be met under the OF the new House,
by dmnution expense, commencing with the military
The French government have act singular exampe-vz
,scheang the State all the jewels and plate Crown
be converted into money for the of the government
similar movement in England would afford ElO, 10000
The plate in Windsor Castle alone worth G2 OO0, 600.
The future influence of the of The new govern
nen if the DEGREES of the provisional COVE ment in ea
zion taken basis mustbe in the high
degree favorable United States interests. Many Of
he ideas put forth in the decrees probably with the view
enforce them upon new government, are haught with
LANCER among these, the immediate abolition of slavery
points directly renewal of the bloody scenes and dsas
If Haufi hat nricki and ntunn
l50 600 900 lbs ofsugar that year slavery abolished
md in since has 1000 pounds of sugar been raised
The present French West India colonies follows
Martinique. Guadaloupe. Guiana Total.
Sugar-bs.. 56O5 1863 $3.50 1893 59S932l 1852 022
Whites, 10000 32,059 5,056 T,ll5
1t is sefevdent that the abolition of slavery the aban
onment of the colonies and the ruin of the planters In
Hay in 1884, those who escaped massacre fled with wha
property they could save, mostly the Uaed States is
be apprehended that the will produce like
results and quantity Of sugar, nearly equal to the Louis
ANA CROP will be stricken from the production of the
world This will directly affect the United States. in
,smuch that dealings with those colonies have
| ,een smal-not $l,0O0,OO0 per annum. The abandon
of the tobacco reggie will be great and direct
benefit to the United States The United States now
| export France about 1900 hhds. per annum. and
he French government derived last year l6,O5l, OOl
francs from its monopoy-say $2l 1885, The price
United States tobacco, for smoking, is fixed by roya
ordinance about 81 per pound and the consumption
is OF course, but small at such price popu
laton The future holds prospect of commercial
benefit the United States should and liberal govern
ments get peacefully in operation in Europe.
For the week up to-day, all business connected with
abroad has been almost at sandsll, awaiting those
unavorable commercial which reached by the
Caledonia. The buyers from the south and southwest
have mostly completed their purchases and gone home
The dealers from the north and will make their
appearance, the great of internal commerce
open for The Pennsylvania canal open and
excellent order; the Ohio river in good conditions the
Ohio and Miami canal open from Cincinnati to Toledo; and
the navigation Of the Hudson river open to Albany
The opening Of the Erie canal which trust will be fixed
upon early day, will put in activity the wealth OF the
Great West. The open winter has been drawback upor
internal trade, and the usual purchases scarcely
pected from the north and Nevertheless, they will
pay up fairly, and, doubt relieve the dry-goods inter
est whose heavy payments take place. Money con-
tinues here quite tight and yesterday the failure of j.
Lake Co. took place. This is interviewer with
the Ohio banks particularly the Bank of Wooster to the
dangerous Of which, since the enactment OF the
monstrous law of 1885, have frequently had occasion te
aude.
rather better light than the newspaper accounts; yet
but firm has failed The paper of that class OF mer
chants is. however, abundant and creates some little extra
demand for money.
In exchange there is yet, movement and rates con
tinued nominaly 81 81 for sterling $50 526A 70
francs. fsat etu
The market which had been very quiet before tn
news, has since witnessed desire to realize the part
holders, and prices have given way a cent since las
week. The quotations now stand as follows: ~
Ord to MIDI Mid to MID fair Fully a fs II.
Tssis an. and si Orleans. stss s AH s.a