The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-09-21
COMMERCIAL.
From our oom.n.re,.I Correspondent.
Nrw YoRx, Sept. Wednesday, 4p. m


The fall business continues very active and satisfactory
The large and desirable OF goods both foreign
and domestic the of New York exhibit have at
aced buyers who have paid up freely keep
ing the merchants easy and the money market here well
pped although many OF the dealers now report scarcity
in some sections Of the Interior The large mporatons of
dry goods have taken place. reaching @ per cent over
year. induced many parties suppose that nj the close
of the season goods would fall under disposition TO press
the markets through the auction houses would seem 10
be the case however, thar by regular Sales firm
and advancing prices will be reduced than usual NJ
the close Of the season. and could, with difficulty, be re-
placed from abroad previous rates The case In the
inooey market does not usual nj this season, 90
feet exchange. as to raise their price above par
ling remaining 81 81, with small prospect Of rise
TO specie shipping points thus indicating that The
commercial year closes with large exports Of produce at
high prces which have already paid for the large fall i'm
ooraions leaving IL anything, commercial balance due
this country Capital in New York IL apparently very
abundan Ia fact for the last few years throughout the
country Il has continued 10 accumulate and although the
government demands, spread over three years down 70
recent date reached nearly 900, IL did huch
market and, now that that demand has ceased
The abundance OF means Is more apparent In New Eng
land the local demand from the railway interest 10 very
large and has exceeded the local great they
we're ound 10 be- when drawn out by railway enterprise
The comparative cheapness Of money In New York has
brought hher many agents seeking borrow on the bonds
of various New England companies. Governor Hubbard
Of New Hampshire, has been some days In the CITY on
Boston was of the vast network Of rails mat over
spread New England. II has become argument In
favor OF loans that the several lines will be connected
with New York There IL, however, but le disposition
to lock up funds FOR series of years in the stocks or bonds
corporations particularly those In which 90 great
owe action conessedly exists In eastern railways
The state of money market here, amidst most ac-
tive business with less speculation In some oil
the leading staples affords clear illustration OF the fact
how e the abundance otherwise oil money has TO do
with the movement Of banks the locality Of specie de-
postes When the export trade Of the country has been
and producers Of the agricultural wealth oil
the county realize large sales Mt fair prices the aet mani
tests itself In the prompt payment ofbils, and the deposi'es
Of the city merchants proportionaey increase Thus al
though the sales Of goods have been this fall much larger
than last money very plenty whereas last year was
very dear in month The cause 10 found In the
fact that exports been larger and more remunerave,
the county dealers paid up better and the depostes
in bank exceed those Of last year by many millions SO
long as there s abundance Of internal exchange drawn
agains, produce the money market the scaboad must
always be easy New Orleans the outlet for the produce
of tfe great valley affords an illustrations
paiu< of podos received at Np Orea~s Of fcsgs EXPORTS
Imports Of spccis, bank ioa~s, AND spseis.
ist1 1870 1871. lsts 1919 -
rorrn en- TSr.t22 so7a5ss 4i,7sssos @,se,In Ho~sis