The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-12-30


ofth only two diamond countries in the wod-viz: about
Goconda, in the Indian peninsula. and in the district
5erro-do Fdo in Brazil Ghe latter discovered in I723)
promises supply those gems II is solid iriable
gomerae, consisting of ferrugnous sand which encloses
fragments of yellow and blush quartz grains of gold
mixed with oligist iron There should be attention
directed to this fact, bearing mind better chances
of discovery will exist.
Otherwise usually duh The mpora'ions this
port do not, thus far in December vary much OF
e spending last although they great
less hsn in the period of 1885, when the present
tariff into operation For the three weeks of Decem.
Der, they have been as follows
Imports and duties for the port Of New York.
Week ssdsg Psss Fss g:eS ps a
u. ioss 1851 s@iss ssi iis 1879 isssis
Total sg745 sasa.,o sas,e5s. s3ssossl
1916 iiT7s 1880 aasos7i a6Isoao s5s41I
When the tariff first reduced some le increase in
The took place, but directly corrected by the
the money market under the sound action of the
treasury SYSTEM and the Of the exports alone reg
aed the arrival of goods into the country The operation
Of the assistant treasury here appears have been fol-
lows;
s,h "ee Exc ending -, Total On hand
Customs siso 5000 sl0sss so6
Drafts. aassaa isssos a757ao aSaa5 Dec a. issisT
The payments for customs have been far less than the
disbursements Of the department this place, and money
been quite easy, and may be expected be still
over 500 900 interest," and several New York banks will
pay $3.50 900 dividends, wifi also many companies and
States and less than 49, 900 altogether will be dis
bursed OF this considerable amount will be RENTED
abroad but probably less than the here
The exports Of produce continue large and
consequence bills heavy, although many holders wait
Until the packet OF January, under the hope that tine de-
nand for bills remit interest may then raise the rate,
while the export Of specie continues fol-
Export Of specie from The port Of Nee York, from Nopsm5er
"a TO Decsnaber %
E To- Silver Gold ss s,vsT e ss, at, TG sss
aassss. 5000 $4,000 '''' ss'' s ssssSS
c eusaSo A''S'' 1900 10 800 so
Total export for four weeks saelais
from January j. to december 49, is4s s,cSSs, 2c5
This large has been nearly all foreign coin sup
piled from immigrants and entered imported the
house books That the past year has been avora
bic bank profits is evident from the following table
howing the dividends of the banks of this city for
years:
Nes York bank dividsmds
Div.p.c Divp.c
"a sa1 - s. . dvd
isD, i,assso7-5sI 1873 Isao,sn-7ss
The increase has been very important one, and for
849 is likely to be still better As thus, the Bank of Com
nerce being the largest the city, Capital 49, 50O al
ways declared per semiannuaiy until the last half
5H 81 per cent. Both dividends for 1913 were ths
anne; but for January 1919, il is per cent What com
THIS the desuuctlVe agency
he independent treasury
Comparing the bank dividends of Boston, New York. and
Philadelphia for 1913, we have results as follows
, Sc cs sss aoo p py I'd I'd Div g ct
New York D,25!l00 i,S59l 7S3
Philadelphia 56i5,SO 3o3,573 7o4
The proportion of ca pita business Boston is larger
than in New York but the demand TOR money for rail-
keoads has thrown the business directly upon the
banks for facilities during the past year, and sustained
nigh for The prospects for the coming year
OF greater abundance Of money well as far
tended enterprise The reaching England Of the
abundance Of gold reach the Atlantic cities will doubt
the disposition ship hher with the view profit
| by tin the uauner that goods are now going
hence California IL is to be remembered, however,
under the healthy action OF the government system Of
NANCE there complicated bank machinery to fanili-
ate the sale OF fore ign goods all the country
credit Hence whatever quantities OF goods are sent hither
hey be sold the which they create demand
or American farm produce-an operation which can tend
,ny promote the abundance OF and not its scarcity
Such a course Of emineny promote the rev.
Of the federal government and probably result Ia
he necessity Of considerable reduction duties in order
| TO avoid the paramount evil Of surplus revenue.
The several markets have, might be expected during
he holydays, shown very marked activity. Monday
Christmas, and to-day thick snowstorm checks out
door transactions Cotton remains firm with small
ions. The receipts all the ports 772955 bales
exceeding those of last by pos 323 bales The
from the Unted States 40 SOS bales against 9 $40 bales
asst year Ofthe increase 79 s5s bales is to England
a eo7 decrease 10 France. The prices close follows
| Inferior Ord to good to good Mid fair Fully nr
g assils ! "a is.s s.sss az ssaasa
Flour has been very active but is higher in price
There foreign orders here generally limited at SIS %
although small tots i taken the current rates
there sellers at that price, and the receipts hav
ing stopped with good demand for home prices rose
yesterday 81 cents. being sustained to-day. Sales mixed
western and Sate 50 37h 80 t3s straight,
IS 50 n IS SGT pure Genesee, s. rs IS 81 fancy