Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1852-01-24
THE MONEY MARKET, sc.

The statistics contained in the annexed extract
! from commercial article in the New York Time
OF Monday uay be OF service many Of our readers
" The outward movement of specie by the Franklin
AAer larger than expected. 1t foots up 4O4 600
twhich $780, o0o was IN silver and French gold This
CAakes the total shipments of January 81 1888 T3O This
movement is rather nexpcable in the face Of the
dull demand and largely increasing supply of bills to-
geher with the fact that such is the plethora in the Banks
of England and France that money is drug in London
at y per cent, and French SIS in Paris above par
The reduced specie strength of the city banks at the
close OF the year 1891 was noticed Saturday Coup
ling this with the loss of ST. 900 through the reduced
balance, compared with December 1850, in the Sub
treasury, the whole reduction in New York is full five
millions There has also been oss-sight indeed but
signifcant-n Baltimore and Boston, and ii is quite ike
ly similar result will be shown by the Philadelphia
banks At none of the shipping points, unless at New
Orleans has the specie strength of the banks increased
although the general figures show for the year
iun of something like eight ten millions of California
gold in the country.
Money was quite drug Saturday among the bro
kers Ii was offered all around demand and the fact
that the surplus is not freely used the street is attract
ing more attention to paper.
We have been much interested in looking over the Bank
returns and annual circulars Of trade recently received by
the Asia They reflect very high degree of prosperity
in the mercantile manufacturing and money interests of
Great Britain and it is scarcely to be doubted that while
for the year past have gained little in the retention of
California gold the infusion on the other SIDE by
chiefly of the trade with the United States is hay
ing most sensible effect up the general condition of Great
Britain if indeed is not likely by the further reduction
OF interest to cause change in the standard of values
To be sure he time has before been when London interest
down to per cent, but never when from the i'm
accumulation in the bank it promised be SO for
considerable period Some of the papers hint that the
bank begins to feel its want of control the national
currency and the managers from increasing private COM
petition, driven to low rates measure absolutely
necessary their continued participation in the discount
business and altogether essential fair dividends The
of in no is IN
half millions Of dollars In the Bank of France is yet
larger being equal to hundred and thirteen and half
millions of dollars Each accumulated largely during the
closing week of December the Bank Of England $3.50 OOO
and France 81 100000.
The gross imports of specie into Great Britain for 1851
were $63, 600 of which she retained 1928 800 000
The fluctuations in conso for the year 81 per cent
showing increasing seadness for several years. they
fuctuated Is per cent in l847, 10 in lS48, in 1S49
and in 1850 Notwithstanding, however the accumula
ton of bullion and steady rise of consos notice in the
retrospect the London Times that the year regarded
of greater anomalies than has been witness
ed to the mass prosperous to the merchant, owing to
speculation for rising prices in the face of increased pro-
duction, +" checquered by anxiety and losses"
The New Year is treated both by the English press and
mercantile circulars full of hope, shaded only by the
question growing of the dissmilary of political
between England and her neighbors which is matter
for the merchant well politician consider whether
to be reconced by gradual approaches sudden convu
SION The cotton trade of Great Britain for 1851 was in
American descriptions 1393 FOG bales imported against
184 l94 bales in 1850of which 151 900 bales were re-
exported to the continent The weekly consumption of
American $50 bales bearing the relation of 76 per
cent to the whole weekly consumption of the Kingdom
The stock of American in the ports at the close of the
year 2I2,71O bales of which 1885, 200 in LIVERPOOL
against 26 200 last year. The range of prices for Orleans
fair from first Of January to the first week in July was
sgd to 3D. From first week in July to close December
from 3D. to 3D. The highest and lowest figures were at
the beginning and close of the year.
The relative trade in foreign provisions in Liverpool
chiefly American, was follows:
Beef o SO tisrecs, 2e25 bbls 9o4.s erce l27o bb
Lard 46,9e2 bbls, oil kegs 1850 bbls, 545l9 kegs,
Cheese IA casks, 5iSS9 boxes 1861 casks 025
The trade in foreign breadstufs for the ouarter-Octo
Der to December 81, 1S51-compared with correspond
ing three months of previous year, was:
- Imports Of Last quarter, 1851. quarter, 1850
FoaG SS 4s SSf bags each 1921 ps
Bea la" Corn "a SOS s@srters aSiSs
Peas zoos quarters 1904
In November last fory-wo California gold bearing
created considerable attention in that city 1t filed about
hundred barrels which led to the that the guam
y about one hundred tons. 1t was from Grass Val
ley Nevada county the specimens being of various de-
grees of richness averaging e100 $780, to the
ton The picked specimens equal to 81 900 per
Experiments to be made in stamping which it was
expected would throw light the nature of the
machinery expcdent to be used in California or London
Further consgnments expected if the result should
prove satisfactory Large the freight expenses are the
suggestion is thrown out by the London Nws that the
pense of maintaining machinery in the new State may
be greater than reghng the quartz London before
duction and stamping
The total mporations at the port Of New York last
week were
Dry Goods, as reported on Saturday 81 500, ia
Other merchandise 1882 420
Total for week S2,924,594