The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-05-13

Public funds s7S7sis6ss a,4ss. a45 s,ass 1881
s s.nS s'tnis stock
Other stocks, canals, bonds, mines, SC looocooooo
Total depreciation f. l7aeososll
Equal to- ssoo4i4776
This is a real loss but has yet been experienced
by majority of holders because they could realize
all As long, therefore, as they continue to receive
dividends the property is to them good; but these
dividends payable in paper rapidly depre-
ciang; and by reason of the desire to realize all
desert ptions Of goods the prices yet keep low. 1t
be remembered, however, that production is nearly
stopped while expectation, to obtain money, and
ption, rapidly disspating existing stocks, and
the capital OF the country is disappearing. When scarcity
goods and produce succeeds TO deprecated paper the
actual above estimated will be felt In the meantime
the for the s quarter of 1913 has declined
Sl6 900 OOOf compared with last year, athoug
thirds of the quarter elapsed before the revolution Means
of expenditure is the only support the existing govern
men which must ma ntain itself until the constituent
semby has only met, but devised form OF govern
nen constructed a constitution and the government
under that constitution shall have been installed These
are matters easy accomplish and year will be
short time in which to perfect it, if done at all. How
present provisional government maintain order during
that time, amid all the strife to which the debates in con-
will give rse' This is the of soIcitude.
The demonstration of the disoryanzers under Ledru
Ron and its suppression by the friends order affords
parable the Chartist display in London, the effect OF
which has been restore confidence, in degree in
the stability of England From all parts of Europe the
English gentry and nobility have Hocked hOme accompa-
MED by refugees OF all nations excepting Prince Met
ternich By this means, demand for English funds by
had sprung while the large Expenditures
those wealthy classes that have heretofore been made
the continent, now envenng the home trade Eng
sh cities and giving the appearance OF
This, however is deceptive; the trade of England
and the employment Of her people, does pend upon
the home trade The cotton trade affords instance The
total manufacture of 1917 E32 900 of this e22
900 900 exporteda very large proportion those Eu-
ropean markets closed and the number of hands out
employ the increase those mills in operation
only encouraged to accumulate stocks goods by
otthe remarkable of rial money
food and labor. All of which concurred with improve
in machinery produce cotton, nen and wooen
goods at prices far lower than before Nevertheless
there no adequate vent for goods and therefore
great business of England was not healthy basis
Money continued to accumulate in the hands of lenders
and the Ii 81 per cent per annum without the
slightest disposition TO embark in any enterprise, notwth
standing the cheapncss of goods and produce The mar
were, indeed pressed with merchandise from the con
tnent, realize 1t is known, however, that inn
have been incurred by the revulson of the
past year, and that following those disasters must come
flood of dishonoed bills from the continent the effect of
which is yet to be Hence there is ample ground for
distrust and should the fears that entertained of
short be realized any extent awful of a
fairs would follow.
There increased disposition invest in Amer
stocks but the chief difficulty be the want of
coupon stocks transferable by delivery. The ceremonies
attendant upon book transfers fatal active bust
considerable OF stocks has been
however, London for sale and they will doubtless find
buyers at advance. The United States coupon
stocks will doubtless be the favortes The exports specie
from this port continue France the splendid" for
Havre taking 1865 27 Of which 1871 $50 only was United
States gold and the America viii take $500 900 Specie
and goes the Atlantic in all directions follow
ing fixed laws, regulated only by the fears of creditors
Money in this city has become rather abundant
spring business has progressed Notwithstanding the xport
species as exchanges from all points being in favor
the city, specie flows in strengthen the city banks bur
probably the country institutions weakened by the
process The for good paper is a per
per In Boston appears to be per
cent. per month and New Orleans, Indicated by the
OF exchange, is u per per monthsxty
days bills New York bring "a discount, and sigh;
bills par and premium. This grows, however out of the
extreme difficulty of negotiating bills Sterling being worth
"a per cent, and in New York I0a and III, affords
margin of per cent, which appears to be the value
ola New York endorsement 1t yet TO be apprehended
hat very considerable of bills will be returned
from Europe.
The business of the city slack up ttle for
spring The number OF vsers the city has
large and while they have bought fairly have paid up well
Owing the improved means of communication, however
they buy more frequently, making smaller bills each
me and taking shorter credits, which is equivalent
in the capital employed The tendency of prices
is however, downwards The low prices at which good,
be made abroad, and the favorable their mpor-
ation, maintain wholesome competition upon the
ses The duties for the past week have been 1911 600
exclusive oil hc amounts WarehOused, which large
Large importaons yet be looked for from England
while the immediate prospect for improved sales Of produce
is good
The impor,atons this port for the month of April in
three years follows;
Specie Free. Dutisbe Total Duties
ls46, SO6,544 81 32s ss SS4a0s5 sl,3T3752
is47, 3ss7,O64 1887 s3s9.519 l3,723536 2,loo,i0
lsis 659l7 1854 6,6se7l6 7,Is09E l6s6,So5
The duties, although less in amount than last year. yet
exceed those OF the year of the tariff Of 1872
The export trade continues misersbly depressed and
therefore leads general approximations both at home and
abroad The Branna's accounts however, consd-
cred more favorable and prices have undergone
seoucnt improvsmcnt-sny cent on the better, and
on the lower, than the close of last The
quotations as follows
Ord Mid. to Mid fair Fully to
good ord good mid to fair good fair
Ss'sre ar. md Z s' S1..u. IA 1J Az AZ
The receipts thus far ss25ls bales this year.
and the exports 424,6l8 over last
In wool, there has been doing but the low prices
for g,ods discourage manufacturers from taking stocks
particularly raa desire realize on the part OF