The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-06-15

COMMERCIAL.
NEW YORK, June l3-Wednesday, 4,

NEW YORK. June l3-W Wednesday, 4, p. m.
The abundance of money continues rather TO increase
than Otherwise without creating much speculation in any
particular branch of business There is, indeed, dis
position to buy stocks and hold them by borrowed money
but these operations mostly by persons OF small actual
MEANS and who at the mercy OF the lenders and may
any moment be crushed when advance of money to
per cent may make it advisable call in loans stock
la produce the situation of affairs is unfavorable to specu
ation The large supplies of cotton in view Of the favor
able state OF the growing CROP give rise to the question
whether the present be sustained and this de-
ponds upon the slender hope OF continued tranquility IN
Europe. The view taken last year that low prices Tor
food, with low for money, would promote consump-
ton to sustain the value of the raw material under
greatly increased CROP has been justified The exports to
Great Britain from the United States Septe mber to this
date sO6 79 bales against O5l 81 bales last YEAR
increase of S5l ss thryfve per cent The stocks
of United States description in Liverpool at the latest
dates 5i $50 against $40 $780, increase OF 1850
showing increased consumption of $4,000 bales at
prices Which stand l6 per higher than the same
day last year The continued considerable exports OF
breads,us from the United States aid in keeping down the
level of food prices in degree that promotes the consump
ton of cotton while the general abundance OF money con-
tinues unabated in England This continued in the
market is doubtless influenced by that disposition OF CAPT
tai emgrate from the disturbed atmosphere Of European
countries to London and thence to the United States as
evinced in the continued rise Of United States securities in
the London market under effective demand This rise
is indicated in the advancing quotations. given from time
TO time in the circular of the Messrs Earrings,
Prices of United States stock in London
U.s,ss, NYbs Penn ohio6s Mass os La o..
April, lsls, 63k IS IS s7A % = 76 80
Dec. Goa soas s1ass 90 81 % % 50 a s.
Mar Q, Iosa ioe eis9' IS a7e seasoA ios 7a 80
Az TO- i ,Ssi. iooi 20 a7 7s q, 90 mn.
May May g. iSa s 81
The advance in United stock from the close Of
uay the close of May 81 per cent? and AS there had
accumulated per cent interest in that ne the real adj
81 per cent closing in demand All the stocks
within year from 10 to 10 per cent under the
European demand and this curious fact presents itself,
Wis vitpcrated, abused, and insulted Pennsylvania
IS the London Stock Exchange at 30 81 on the
same day per Of the French government sold on
the Bourse SOL The difference is that the Pennsy vana
are payable par In 20 years, while the French are not
will therefore realize 81 $50 the cost Of his investment
of $50 Under the rapid rise which has taken place
abroad have been favorable remittance in addi-
considerable exports of produce at well support
ed prices Under these circumstances, with reasonable
remittance of gold from California the pros
Lof immediate important rise In the vaine Oh money
strong, notwithstanding the amount oil capta being
railroads and other corporate sock-that is 10
saw the quantity circulating being sunk in fixed capital
In the list few years the value Of the farm produce OF the
western and middle States has rapidly Increased In It's pro-
portion 10 the whole OF national exports, compared
with the great sta Die exports of cooh ce and tobacco
Ia relation the latter article, which has been subjected
TO more onarous abroad through tho financial reg
uatons OF the different countries of Europe well Eng
and it would that production has been gradually ex-
ceeding consumption reduce the aggregate aver
aye export Waite per hogshead The following Is the an
nual quantity and value of tobacco exporteds
Export of tobacco from the United States
Iogsheads. Value. Val per Val snuff Total