The daily union., 1852-11-11


The quantity OF cotton has increased NTH Of
rly 80 per Of manufacture This grow ng
demand in China Is openng an e1hausess market for
drills and tho quantity thher 50
greacr. The specie shipments have doubled. Now,
the above export OF tn round number) 2o5 millions gave ~
miions duties the goods being nearly 25
Under elements here indicated the Exports may speedily
swell $500 O00 which. at the ratio, would give
S75 900 900 OF dutes-an amount which would ffghiluy
swell surplus" and become Of serious
difficulty than the former surplus. reduction OF duties
% per would effect reduction in
would probably increase 1t and 10 average would
lcient revenue, king into
that higher salaries may become necessary with ad.
vanc ing prices But here it may be borne in mind that
the excellence OF the ad raforem system swes the
nue. in proportion the rising prices abroad. rs they
become influenced by Australian gold. THE duties
Tor the four months of the fiscal year 1853 are at this
port 82 sSs s4s, being increase Of 0ss
period last year. and this has partly stoned
by the rite in invoice prices The political well
hnancal evils OF surplus are under the present
high of duty steadily and rapidly approaching borne
the PAPER wings of The hosts of banks that like moih
bursting into life under the OF prosperity only
die, after short of destruction ind rsusl pro-
ducts. The rapdity with which these banks multiply
ceed. hat OF former ocslity In every Stte
and city Of the Union bids FOR the creation OF indvid
ua oblig made by bankers and the
gagements thus made by promissory deli vef
money exceed the extraordinary multiplca
tion Of money self, and tbs time approaches when
the demand for money to deliver, according TO
gaxements, will, formerly increase the camor for
banks supply 1T ovcrburiencd spec ustion win fiji
the with plants of the insulhsiency of blnkng
capital TO do thu kasiass Of thu eoasrsthaiis say, pay
the debts of every crack drained specnato The govern
is comparatively safe from these Influences what it
formerly nasmuch that 1t requires and receives
cs.h its lands and dues and neither the land
the money can become basis OF speculation. 1t is
quite time, however, Tor growers OF produce and
the creators OF actual wealth become cautious how
they with It for the promise of any psrsies ndi
There bogus banks enough,
cpariy Washington, the agent Of of which
Ia this city Offering brbss the publishers OF bank-note
lists quote his bills edeens able small discount In
Wall street; the effect of which would be to deceive tho
unwsry and induce honest industry TO part with its pro-
ducts for bits OF paper These are however.
alone dsngerons Tho best secured banks will n1ct loss
upon bilLhodcs tishtcned stste of the money
ket, such viii compel them TO stop sooner later.
will throw upon tho market OF securities which 1t
will be i'm possblc SELL and ,hs ncooveribls will
fall to n heavy discount be bought up by Spectators
ot ultimate red mption. Ia these case, IT is principally
he poo, those who cannot hold, that hscced This
has happened repeatedly under the New York law, aad
will ssain inevitably, more dissstron y Than lever.
Money is no quite abundant and the OF exchange
arc rm with upward movement for the steamer OF
morrow. There s little effort to raise tho price well
as the rate OF by the banks but higher for
bills will bring Other drawers like the Illinois Central
Ra lroad Company. 0a call, money over Ave per
cent and first class short five and half six Produce
remains pretty active and cotton is betier-ay mid fair
TO air, iot l0i Flour is pretty active-sacs mixed
western 81 81 a % Baltimore, 81 81 85 Is Corn
meal, 90 rs. Rye a,ur, 81 Is 81 81 Wheat is in
demandsecs white encsee ia ii6 cents; do Michigan,
III cents Rye, S5 IS Barley. IA rs cents Oats
~ 80 cents Indian corn, 80 90 cents western mixed
Pork is bet'crsales mess. IL cents pns 1t Is
Lard. ia liz Butter, Ohio, ~ ~ cents; Orange
county, ~ o-un Rice. ~ 50 a 81 ~,
The stock marke is preuv sc'ivs. and tho rnes are
Your. PRENTICE