Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1850-02-02


higher in the English market; and at Amsterdam,
ordinary Java coffee, which year ago sold for
eighteen cents per half kilogramme, now sells for
thirty-three. The prices of wheat and of grain in
general IN Mark Lane seem to depend more upon
the weather than any thing else. A sharp frost,
which keeps the Elbe frozen up will raise the price
IN London, because it prevents the supplies from
arriving; and rapid thaw has, in consequence of
It's opposite tendency, directly opposite effect.
A cargo of 5000 barrels Of -four from Baltimore
depressed the market materially. 1t is said to be
the largest quantity of -four ever imported in one
vessel from the United States. The average price
OF wheat for the last six weeks was $685. sd. quar-
ter; last year it was 48s. Cd. The Economist
states the whole quantity of gold and silver import
ed into England by way Of Southampton during
lS49 to have been in value g6,76s,655; of which
R4,64S,276 was received by the West India steam
packets, and is regarded as being fresh production
from the mines. and about g500,O00 of it is sup
posed to be California gold. The Economist esti
mates the total amount Of gold shipped from Cali
fornia to all places to have been about g2,00O,00O;
and adds is certain that during the year this sum
will be very greatly increased" The produce of the Russian
gold mines for the four years ending with and including 1916
was nearly 93,0O0,000 There be doubt that the
entire stock Of bullion the world is very rapidly increasing
There general impression that there has been very rapid
increase in the quantity of gold and silver used for plate, gid
ng &C. So far, however, have been procured
this increase has been much smaller than might have been
expected The Of gold and silver plate upon which
duty WIS paid since the year 1900 is as follows
Gold, OF. Silver,
1901 to 1910, yearly average ..5,47l l,O45,l47
1919 10 1928, do..-..... 1926 l,2OS, GIG
1888 to ls47, do..........7Oll l,Ils,55O
The annual consumption of gold for plate in the last years
has, therefore, averaged only 54O than the
first years Of the century, and only IS than
did twenty years ago while the annual consumption Of
silver for plate has averaged only 3403 than
in the first ten years Of the century, and is actually less by
81 O66 than twenty years since. It is however,
probable that much greater increase has taken place the
of these metals for gliding and plating, which we have
accurate means of asceraning. The very Insignificant
quantity used in this country for plae and the still more ,ri
fling increase which has taken place during the last half
tuy must be matter Of general surprise The condition
the Banks Of England and France in respect bullion
to deserve moments consideration in this connexion. The
Bank Of France had in
Notes in circulation Bullion.
June lS48.. ETA 3Sl, 4Os f5, 766, 944
December, lS4S. ....... ,3Ss,IO4 $780, O4
December, ls49. II, $4,000 1920, 600
So that while the circulation has increased 93 the
bullion has increased less than 9l 800 900 and taking
the bullion in the Bank Of England and the Bank Of France
the above three periods we have the following comparison
June, ls4s. Dec. 1s4S. Dec. 1si9.
Bank Of England 206 el4,954, 649 el7Os0 64s
Bank of France 66,944 9,7O5,9O4 1920, Oot
ls,a64,l5o 24,eso.55s s4,s4o,e4
So that, during the last year, the bullion in the two bank
has increased millions sterling, and in the last eighteen
months fifteen
The present circulation of the Bank Of Eng, 40 :.
land is ...............9 ELS, 226, 76t
That Of the Bank OF France. IL, $50, 00t
Together. SO, SOC, 76