The daily union., 1852-09-30

Excess Of depos,es. s22as,lo7
The in The treasury here is now S7I459s2 The
increased shipments OF produce now afording
ample supply Of bills and the general advance which
is apparently taking place in goods abroad WILL some
extent check the importation of goods into this
try. Tho assimilation Of the of production Ia Eng
land and in the United States has been very close and
with the increase OF practical among the manufac.
turing propre,ors here the advantage viii be emineny
the American side In England, for the part man
ufaciufng popretors PRACTICAL educated In every de-
paumeut OF the art that their capitals embarked in
This hitherto has seldom been the this side
OF the Atlantic, particularly in the iron business
and a conspicuous example OF presumption and folly in
the Mount Savage Works. which exploded under the tariff
of 1872 and are held up by proteconsts example
of the Of higher When of men un-
deraks to manufacture any particular article and not
succeed it's somewhat surprising to hear them clamo
rousy pocaim their nieriority in skin and .agacty to
those foreigners whom they pleased to style pauper
lsborer and demand assistance simply the ground Of
their ncspacity do well others In the same bust
Such people what Bonapsrte styled "spiendid
lazzaron" 1t would seem be litle more modest In
those who daily asking aims Of the nation be more
crcumPect In the epihes they besow upon those abroad
who at least support by their own
The rise in goods abroad growing Of the con
sumption which, TO extent has already been by
the greater supply Of gold, will in
favor OF our manufactures than could artificial rise
caused by taxation The impulse given prices does not
however appear be the effect depreciation in money
but from the demand for the general products
Of industry which the sudden discovery of wealth in the
gold countries has promoted The joint demand OF Cali
fonia and Australia for industrial products exchange for
the of gold that they this year produce suces
stimulate every branch Of industry throughout COM
mercia world II is almost equal to the sudden appear
ance Of nation like the United States. grown In
the commercial arena OF the world Such demand for
industrial products is by general productions in re-
but only by article Of universal value Its fnnu
upon all commodities is similar that hch is man
fest upon English silver coins will be remembered that
when the gold Of California first became abundant that the
demand io coin for that region, particularly silver
supply small csnency, caused great here
much that when the postmaster those remark
able persons that pretended to conduct mint in Phila
dephia for supply Of gold dollars, the philosophers re-
piled that the difficulty from the change in value
OF the two Metals which caused all silver TO be erpo
cd that silver would continue be scarce and In there
fore the mint could furnish any
Considering these facts, that creditors
in power decline receiving any coins h
ment Of debts which do constitute precise sum due
by law"
This was Phadelphian-n wisdom. They admitted
that all small coins exported and they continued 10
manufacture only $50 pieces, yet they insisted that the
"pubc should find change" This was certainly Iule
COOL considering that they insist thar there shall be no
coin factory" except at Phadelpha. Taking The hint
rom this strange edic the extraordinary head of the
Treasury Department proposed depreciation of silver
coins lie also had the notion that the relative values Of
the two metals changed and prevent The silver
rom going, he wanted initiate the British government
depreciatng the coin 10 per cent which, he said would
Keep u in circulation although he ought have known
that our own silver currency, depreosied by IL
cent did not stay In circulation under the California
mand: This year Australia has demanded silver coins
from England, aud the difficulty is experienced
there that we encountered last year. Silver coins have
become nconvenenuy scarce, and win continue until
Australia is supplied Other articles experience similar
demand and rise in price but production viii this
stimulated demand
The produce markets remain firm, except cotton which
Is dull at nominal prices Wool Is in good demand rom
manufacturers delaoe has
contract for 900 pounds fleece this market sses
DoOo pounds fleece, 80 Al cents lambs pulled 40 43
cents flour-fresh ground State Is betier-sales Cana
dian, 81 so; State, 81 81; mixed western, 81 "a
81 30 southern, 81 IS. Rye flour, "a 90 Corn meal
80 30 Wheat quick. for export, 81 o. white Ohio
81 ga 81 10, Genesee, Rye, rs ceuis. Oats, f a as
cents. Corn western mixed, 6eh 10 cents. Whiskey.
"a cents Pork is more in demand, at SIS, el6 for
prime. Mess beet sII si2 Lard firm, III IL
cents Batter, 10 a 2s cents.
The stock market is rather active for what are
called sncies The quotations have varied during the
week. Yours PRENTICE,