The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-09-01
COMMERCIAL.


| Nav YoRK, August 3O-W ednesdsy, 4 p. m
The receipt OF still later advices from Europe has
teraly changed the fee of the market Tor the moment
The fears in relation the harvests particularly of poa
toes, seem TO have npened into certainty OF deficit while
the political state of Europe is such 10 produce an ad
verse Influence upon financial affairs, whether genera
war results not. IL is certain that The potatoes
England, Ireland and Holland are extent blight
eds and on the degree of injury done depends al
tentative of abundance scarcity, but the degree of fam
ne In any event, the wants be large That price
do not rise under the prospect more rapidly, is be
crbed the fact that the experience of 1876 taught
that where the faint existed all, the ROOTS how fair
might be their appearance, would not keep end the
markets pressed with them for the moment, while olhe
operating added the extensive failure in the
trade last year, prevent speculation. The har-
of the past year fair the imports of grain and
-four into England, January 10 August "a have been con
siderable, as follows
OATS 7252SO Corn meal loads I2l 6ig
Barley, 50 4l2. $50 Flour, barrels, I64.a75
Rye, 2,429 Flour, sacks, 1888, 81
There considerable supplies, aud the price rises
them The fears in relation the results of the haryes,
had, in degree, affected business but the unsettled
state of Europe prevented any revival of confidence
Money, in New York, was easy updoubted securi
ties but generally abundant while the state OF the OK
chan ges such induce caution II is TO be oh
served that general is possible, and the armies Of
all nations in motion. Russia has made and is
making extensive warke preparations. The north OF
Europe is embroled with the Danish question:; the
countries troops accommodating and aiming for possible
strife. The result is only shrinking OF credit and
negative diminuon OF money, through reluctance TO lend
but positive demand for specie meet all these exaor
binary outgoes and useless expenditures. simultaneous
demand for specie for military chests at moment when
the threatened insecurity promotes boarding the part Of
the people, affects adversely the of the commercial
exchanges and, London, bullion has advanced under
fair supply from America The prices follows:
February 49, March 49, July g. August H.
Silver bars o., 59S OBJ 59a b9b
Mexican dollars or, 574 b7t 57b bSt
The demand is for the continent and apparently in
creasng The quantity specie held by the Bank OF France
considerably increased, and its discounts diminished
The of specie held by bank and branches, August
g. was u.s. SAG francs, against 1876 francs, April
having thus nearly doubled The discounts the Paris bank
had in time fallen from 2 AL $50 to 81 O7
francs commercial bills The effect of the general demand
for spec felt in the United States and the drain
hence been long continued and considerable The ex-
ports this port since January have reached w. soO
liS OF this 0OO0O0 exported between May
and close of the last week. seen in the following table
gushing the description of coin and the destination
Exports specie port of New York. May to August rs
To England. France and Other ports Total