The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-02-04

|
| Soveregns $l,2733O6
! American gold 2l5.665
| Mexican dollars aD33O
| Fvefranc pieces 1895
with thirteen thousand hundred and fifty Spanish
dollars sent Canton and South America Latterly the
sovereigns became so scarce to stop the Shipment
and the Cambria carried but $4,000. The supply of bills
has become fair, and the fall in is such
the fears OF further important shipments particularly
that the continued Of the London such at
least suspend the ktng operations what called
large banknghou whose paper floats the market
Ia per cent per month"; the proceeds going abroad
sustain the connexions there AT this time last year. the
paper OF these houses was paid out for sterling bills
which specie imported and the of The opera
| tons made money AS money has become
much cheaper in London this expensive ceases
although perhaps sufficient confidence has yet been at
tanned to permit them send the funds back meet float.
ing paper here, and thus tend relieve the market The
disposition TO ship produce towards the close January
increased by the foreign accounts and desire to
place breadsus in bond take advantage of the rise in
price, which, il is anticipated, will follow the reimposition
of the slidngscae of duties, March ls This motive for
shipment became imperative however after the Ist Feb
ruary, the time longer sufficient allow the
produce arrive out before the duties take effect On the
other hand the shipments less until further vices and
those by the Acadia to-day January Is as to
| promote shipments.
The large arrivals of goods that have taken place have
completed full assortmens for the spring sales which
however, yet backward Buyers from south and
southwest have been some time in the city, and purchase
heavy d,mestic for Mexico. consderable-probab
smugged in, via New Orleans The jobbes thus far are
easy in their payments and many of them seeking
and discounng their paper taking advantage of the
pressure make saving Evidently. son
advances, the value of money falls instead of vancing as
has been appehended former occasions when the
chases OF the country time were larger than their cash
payments The first great goods auction sale of the
took place Thursday and Friday last. 1t was
OF the largest known. The foreign goods mostly
furnished by Gibson Co., brought good prices from
large attendance mostly from ghborng and
linen goods sod low Most of importers adhere to the
opinion that the arrivals will not be large the season for
the that orders not LARGE and the stocks goods
Lancashire not only too small permit large con-
sgnmen foreign but goods cannot be made
in season send out rtheless the accounts from
England down the middle of January are that without
any material improvement in the demand for goods man
uiacturers were becoming daily active Nearly two
thou sand hands had been taken in Manchester and
wages being reduced. The effect of this with low
prices for the MATERIAL and cheap of money
is make cheap goods Money snow under a per cent ;
nearly low before and labor very cheap
aodng three elements of cheap goods ana if other
markets do not revive their consumption, the close of
present may find considerable quantities sent here al
low prices
The general accounts by the Acadia are not materially
different in character from those last received. There was
indeed apanse the progress of recovery but there
disposition the part of large check the evil
IDENTITY revivng spirit OF speculation The Bank OF Eng
land supposed, would again have put down the rate
of interest the 18th but they decided do So for
fear of further stimulating speculation in advance regu
lar trade. There again list of failures, but only
three IN London the remainder in Glasgow, connect
ed with the East India interests, and in different parts of
Europe Both in London and Paris specie again ac-
cumuatns the great OF money The circula
ton and specie OF the Banks of England and France
paratively, follows, reduced to dollars,
! Bank OF france. Bank OF England