The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-10-06


export Of California produce has, however, declined and
is apparently because farm produce has better remit
lance abroad The large credits produce The sale
OF greater Quantities nj higher prices has only paid Tor
large consumption OF imported and manufactured goods
but has drawn into the country OF gold
The amount Of gold deposited the United States mint at
Philadelphia and the exports fom New York. for the nine
monhs ending with September, has been. compared
with the amounts In bank, treasury, and mint, follows
Receipt, and Export Of Gold.
1854. 1853. Increase Decrease.
R nsPs: g 's ss,s s''
Excess depo.ies. ..1aOss,47 aa,sss.5oa
Thus receipt. decreased exports makes
difference OF Sl 1856 oS6 in the gold this year.
as compared with last During the nine months since
IAN J. 1852 the of receipts this port has been
S2i5ooooo The specie in The banks and ubeasury
in this city, January Sl2 95 37ij the close OF
September $50 S07, OF which the treasury held
IS $40 SS2 subject draft Thus, of the whole OF
SCI coo the banks retained 81 the
So 400 600 and The balance SIS Co., has into
ccuation absorbed by the Increased traffic of the interior,
notw The notions entertained about
dnga notion which the fact that the business Of
the country greater than what have been
ed TO.
The weekly returns OF the city bank. to-day show no
material change from the last week The banks have paid
about much they have received, and the sggre
gates OF the items reported Indicate variation The i'm
preston is becoming general that to be very
abundant under The certainty Of large and continued de-
mand for the brcadstufs and produce of The county
This of affairs will, while il facilitate great
demand for goods and prompt payments from the interior,
cause continued demand for the metals inward.
The large exports, necessity involve large imports
return and specie Coffee and the only items
taxable, and neither OF them is a medium of payment
for the exports. follows that these large exports under
the present Tariff will involve continued drafts OF gold by
the government for duties, and from the West for balances
The government has already twenty eight millions, and
tho West /, again drawing, and probably these East
toned drafts will check the bank movement quite Us eff
ceny could active exp,rt OF tho metals. That tho
tariff be modified much before the tall 10 hardly
to be supposed Congress seldom closes its work before
the heel the session. and the approaching is the
long session. reduction OF duties be looked for be-
fore September.
In the mean tme events point to larger imports and
duties than During the last twelve months the
Of specie the federal vaults has increased S5
900 co., and at least great increase may be looked
for in the twelve months, under the suppositon
much bid for by the Secretary may
in Probably this day the vaults will hold
amount nearly equal YEARS CALIFORNIA RECEIPTS
considerable accumulation has been due doubtless the
ineficiency Of the mint Ia December last they held
SO o2o and they hold 8lI III ioI-an increase of
S. 900 round numbers Notwithstanding that dnrng
the the depression OF trade in California
diminished the receipts Of gold below what they otherwise
would have been This stale Of things is changing The
California markets rcvivng and the supplies OF gold
will he greater In consequence. IL may also be assumed
thai, nasmuch as the exports OF goods from England
Australia have great extent taken the place OF
coin, the supplies OF gold thence will be propoonate
greater The absorption OF gold from England which has
gone the Of from June TO the late
dates doubt Influenced by the prepa 10
extent, and the harvest fears aided the AT
the latest dates the former element subsidng. and the
later becoming active Almost all the countries
and horn Europe-Ausiria Italy, Germany Greece
France Belgium and Ensand-arc importers Of food and
Russia and the United States the only countries OF supply
While this fact Is guarantee that least the Turkish
question viii not involve IL indicates the direction
fund. those for
chase Of food For that bou ght OF Rosss cash must be
paid because the producers Of that food do present
elastic market for the absorption Of the products OF the
oodbuyers do the United Sates which only produce
Eod but gold On the other hand the scarcity s
likely produce depression in the prices for goods there
while IL enhances tho demand for them Hence the
Amsrcsn Of goods will exchange their produce
for quantities. Of goods in the double ratio OF
prices Tor former and lower the latter The English
manu- acturers seem placed between fires The mi
eaton labor and the influence OF gold have rise
the value OF labor al moment when the of the har
holds out sPpchcnsons of fall In goods Hence the
rigorous plan Of stopping work for three months ha, been
subscribed by hundred firms, and may be gene
raIy adopted greatly 10 Affect the supply OF British
qoods--an tha could not but give immense inn
pulse American manufactures at the expense Of Amer
can follows that under the adj valorcm Tariff II
the monsy prices OF goods fall abroad in consequence of
dear food that greater 91rfy will be i'm ported here at
less tar and, therefore, the federal may not
nsc high proportion the enhanced exports would
ind cae
To what the United States will be abe supply
the large demands Of Europe tho question: and this
matter of transportation mostly Those in the interior
hold for prices viii find their views short
by frcghts erorbitany high while the diminished con-
sumption OF the and the probably early and
large supply OF spring crops will greatly disturb caIcu
laous based upon the consumption Of any particular grain
as com pared with the usual demand Tor IT,
The markets quits excited under the Battles news
Flour Is cents and 81 paid for State and
TO arrive common to good Ohio brings 81 81 I2t good
Stac 81 southern, ~ 81 I2i Corn meal is also high
er-.sy. ~ 81 81 Wheat is also higber-sacs Michi-
gan $50 1854 cents Canadian fair 10 good, ls2 Is6
cents Oats, Al - Corn has risen 10 ss ~ cents.
mixed - cents. southern yellow. Provisions
better--say pork, GIT SIT I7i Beef 81 81 50
Ohio butter, l3i IL Lard III liz cents Cotton
d dali. aid sales slow last weeks rates
Freighs active. Wheat Liverpool, I2id ditto TO
London, lsd Flour London, ASd to Havnc, 500. !;
wheat. Doc.
The stock market has been much more firm. and prices
looking better The Erie railroad revenues exceed the est
mates. and the prospects OF large downfreighis ALI
the the Atlantic give fair value 10 all the great
trunk lines The from abroad also OF gradual alb
sorpon OF the stocks the market there. although new
securities ressSed with much iavoS The ncress
ing abundance OF money csn IL imparng more Of .
speculative tone tn the market which the bean bavs
only their Cxsr TO appeal TO. rours
PRENTICE