The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-08-25
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from the new banks, to some extent which trying
work into the regular business Hence, when the demand
for specie compels tho old banks cuna the offerings
at the new banks are larger aud the number Of their
counts increased Comparing the loans OF tho banks that
were in operation year since with their situation ,he
We find that they have decreased their discounts $40 000
900 hence that OF the actual Increase OF all the city bank
discounts large portion is stock notes and speculation
paper growing of the OF the concerns them
selves. j. is this fact coupled with the remittanees OF
money the West for railroad and purposes
aided to produce pressure at moment when the gold
receipts far in Of the exports, which have
been nothing for the last days. The irregular ac-
ton Of the banks ha, given the old concerns much
uneasncss. and the ncrea.c in number has piled
accounts between each other that are
now being taken 10 devise mode OF settlement daily
other Than each grabbing independently all the specie
he get hold Of
The by the steamer today is of better harvcss
and surmises The prices Of there
fore less than the dates Of the previous There
is lille doubt no but that the wants OF Europe,
Guiding England, will be equal all that the United State.
towards the close Of the Tue lear is that
the wants Of England which estimated BY the leading
houses $4,000 600 quarters, 10000 900 bushe
Of all kinds OF grain, may so large induce nan
c& distress and upon the money circles here but
The exports OF Great Britain have been Immensely larger
than belorethat Tor the first five months Of
1853 they have reached E35 OBS 0 against Ell 100 in
the period last yeafshowng increase OF 81 3d.
523 nearly 25 per This large increase in trade
represents tie commodities into which the labor of
England has wrought the imported materials and
these exports have to markets which, with the
exception Of perhaps India and China pay wel the
returns OF sales looked for OF flooding
the money market. For long time the capital Ct Eng
land has flowed ouiwnrdly In payment OF raw ma,eriss
and food The rfuS, with interest, is calculated
upon, but iris TO be met serious Ions sustained in def
cient harver Whefe10 will be sufficient this
the problem. With respect The United Sa,es, England
paid largely for co,tonthat Is say she has
sos bales. worth average Of 6id. in Lvefpool-ssy
q hale 4 AL bales ct war
per baehat Is to cay, she has paid the United States
$50 GOODS for co,,oi this year. against $685. 2i0 last
That has, in the shape Of cotton goods, been
ree1poied in six months in excess OF the previous
almost ali commercial markets. Australia has taken
large share. The quantities OF calicoes thiiher
10 6o1.l yards against 7 9oI yards in the ak months
OF IS52hat Is TO say, nearly double and the accounts
such Indicate they viii realise large profits II Eng
lasd has paid gold freely for the materials OF other
lions she has Obtained her mostly for goods
although probable that OF the gold hence Eng
land large portion has been required TO meet American
bills runnng London for China and French gods. A
large import of @ into Europe usual years involves
an export OF Europe il may TIL, year
IL to be retained la the United STATES
The markets here are very firm the advices per the
Arabia have produced fall Of az cents In wheat but
aour being short stock owing the break the canai
has not been affected. Cotton has opened the
feceivcd-sales are small al II I3 cents, mid
ding fair to lair New Orleans la flour tho demand is
good, but usactons limited by socksses straight State,
SIS ~ a IS Is mixed western, So IL S. Is. Wheat
been very brisk at 100 13i cents, white I22
cent. red ,ou,herocIosng less The check
given the marker by thus news 10 regarded likely in
ducc sell and therefore enhance
supplies the scaboad Rye sells at s7i Corn /.
ia good and-sae., II acests. mixed western The
potatoe crop Is much improved in all eastern States.
Pork is rather duS2 ~ western prime SIS 81 SIS rs
Beof, 81 rs 50 25 country prime. Rice, 81
g. ga
Fregh;s are lair-nou 10 liverpool Is 6I Grain, a
"a Cotton, l. Flour TO London, IS. 81.
The stock make, has been steady for sound SOCKS but
anc,es very doIi
iours, PRENTICE