The daily union., 1852-12-30
a7,s74,ls

This represents value equal eleven millions
bills the supply from September lst up this time
las, year and Notwithstanding the large importaons of
goods the demand for bills Is scarcely equal Rates
rather heavy and this fact In degree aids
suinsency in the markets here The large banking and
exchange houses who usually supply the market with
loans, purchase the exchange at comparatively low
rates, employing their money in that direction rather
than in oans the bills thus sold to them mostly
here southern They balance in favor
Of that section few weeks hence when exchange again
rises the banking become sellers and employ the
proceeds in loans There Is little prospect that specie
any extent will 20 for the present. particularly thar
the advices the India demand for silver had been
checked In London, and the inclined fall This is
also the last week year. and the arrangements
business OF year scale which requires good
deal OF but much has been released throughout
country by the rise 10 most descriptions of property is al
ways in OF rising rkets, that capital mu
dpes by magic, because all those who have had funds
locked up property which they could sell without loss
now hnd rhem released and applicable investments
In similar manner, when reverse takes place, pita
seems sink into the ground and disappear Ia New Eng
land he immense demand which formerly existed for the
construction OF railroads has ceased 10 some extent, and
those works now evolve the pal they formerly absorbed
With the increasing wealth. Of that region, il, multiplied
connexions and commanding capital, the protective
tons formerly entertained seem to be passing away, and
probably few OF the intelligent uacure there
would advocate higher imports. The material
(co,ton) likely be in abundant supply and the known
profits OF the mills prompt the investment Of cheap money
la works. This tendency Is slready become import
ant and the old manufacturers drcsd IL far than
duoton ia duties Their has become certain with
the perpeuity OF the present state Of things but i'm
pulse given speculation IN manufacturing
would he evil lar effective and Important than the
com petition OF pauper labor The immense which
has attended the free trade principle In Manchester les
son which Is working out lis effects upon them.
The produce markets generally yery firm. Cotton
during the past week under the influence Of southern
sdvce., more paucnarly at New Orleans The market
closes less inactive 1oi II cents for fair Wool
has been active the small supply In market would
permit Sales OF Vermont hseces have been made at
55 cents, which year since sold at 81 Flour
has risen under a lively demand, and maintains its
price, although there is less doing at the close Tho
stock here {. nearly 440 900 bbs, which I, small but
the railroad arrivals iageales STATE, So R3 IS 62i
southern Sc ST. fancy Wheat has sold at 100 for
Ohio but the supply from the South is light owing
freights Com-od round yellow ~ 7s cents Pork has
been in speona,ive demand-ssles prime mess, for
Australia, at SIS old mess SIS 81 $40 H. Rice sells
at Al cenu and "a 81 cents for common.
Freighs continue hrn at Is for -four Liverpool
grain 10d. bulk cotton, ID.
The market has been dull, and viii continue un-
Ill after the holidays.
Yours, PRENTICE.