The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-04-25
COMMERCIAL.


Nxw Yoxx, April 2S-4, p.
The nsws from Europe, per America % the 9Th instant
generally far American interests are concerned,
more favorable. The leading features Of the European
markets are the extraordinary continuance Of great album
dance Of money with low prices for food, simultaneously
with comparative sagnation In the markets The low
prices Tor agricultural products In Europe consequept upon
the reaction from the prices of the famine year. interfere
greatly with the demand for supplies from those interests In
Italy, political have also exhausted the means OF the
people TO purchase and the aspect OF the political hori-
zon Is calculated pIolong dsirust Towards the
close Of 1872 money being plenty and political af-
fairs quiei, the hope was very generally INDUCED
that confidence In continued quiet would develop COM
mercial and industrial enterprise In manner which
would, with the elements Of abundant money and cheap
food. develop active spring business advancing
prices This general impression induced most deal
70 increase the stocks Of their goods, preparatory 70
the opening Of the trade since then the political horizon
has become gloomy Tho elections in France have
given evidence only Of the weakness Of The govern
en but OF existing fears among the middle classes that
the reaconay efforts of the government would be more
disastrous than the movement Of the nas This has re-
newed the want OF confidence and much restrained indus
trial operations In Germany, the circumstances attending
the have been propitous and the
unsettled condition Of the States Of the church show similar
for uneasines These circumstances have combined
dsappont in considerable degree the expectations of
better spring trade, caused manufacturers and dealers
confnc their operations to tue wants Of the moment
The circumstances that induced shopkeeper TO increase
their stocks have changed They now seek 70 reduce them
particularly that the price OF cotton has been thought
certain Thus although the deliveries of the leading articles
Of produce and goods. from first hands, have been small,
the consumption ia England has probably been supplied
from the stocks second hands. The employment of
pie Is good ia the manufacturing districts, and their wages
fair while the necessares Of life cheap Hence the
may be supposed have been large last
year. the expense Of the stocks of dealers naturally
follows that Ia such Of affairs, where the stocks OF
dealers being turned into cash without corresponding
purchase of supplies, money would be abundant; and
to diminish value The following table shows the pro-
gress of specie in the Bank Of England, with the CONNER
cia discounts,
Bank Of England.
s8tf Bullion.
Coin. silver Gold. Total. Discounts.
ls4s March a. 7os7s $4,000 u lsssn
1850 January s, 75soo5 2o s9s i7oao40 iis9 o2s
March %, s070s aH,oT l6,is55s l7a79s43 4ls
This enormous accumulation of bullion altogether
proceed ented and exceeds by IT millions The commercial
discounts the bank The arrivals of silver very
large. The West India brought S2O00,0OO This
was however, all for the continent, and exchange
the face the considerable shipments hther The
accumulation Of gold is E30OO0O in and that
year the largest importation Of known The
political dislrusi which IL doubtless the main hil
ovesupply Of money, also operates enhance the de-
lnand for ADaercan securities and prices Of the leading
stocks comparatively rs follows,
Uaifsd States stocks London.
u. p. N. Y. 6,s o. 6s. Pa SIS. Mass. 5s KY Ga.