The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-06-02

payments from the county continue free, and the amount
OF money aecumulasing on depoe. consequence on
the increase This induces more eSsy rates al call
good securities, but paper is closely scrutnred The late
oppression and fall In prices In California is well cacu
lated TO make lenders cautious OF dealers in that trade and
it has been pica.ed that Its ramiieatons all
easily detected ON this account. money does not fall Ia
value 30 rapidly upon business paper il perhaps other
wise might
The specie export Is not large, being less this week than
last, and Tor The month OF May has, pared with the
same month last year. been follows,
hsestf' and Experts Of sPseis for May.
Receipts. Exports. Excess
1882 49,; sss sss ssss;ss sss.
The movement is larger than year. well from the
usual Influences OF commerce from the greater facilities
and diminished expense that attend the of
the metals from the place OF production their ultimate
destinations The demand for silver in England for Austria
La and Indian account hiss been main why gold
should be higher the continent the place
silver, than either in New York London and gold in In
goes TO Europe from New York directly than for
merly The bills running on London American account
om China and EnYpe assist to throw the baiaaee against
England and the goM goes directly in the shape OF
asois from New York the place where IL valaa
BILE. The indications that the supply cf small
oen is becoming sufficient in Australia, The India.
mand more lin tied The East Indian Company had the
latest dates lowered the for their biis and
walls OF silver In London sold consequently decline of
per ounce dollars 59i and bars 6l--being the
quotation for the day, ls5ishowing change
in two years. The absorption of money for business pu
poses continues there here. large but the which
the metals are produced would seem equal almost any
demand
The Australian fields are known to have yielded in hir
ty days February s. 1853 5 3D5 500 1867 and
there arrived in New York from California for the
thirty days, s66l53i9 Thus the supplied
commerce Sl20000D in month, and succeeding
months have diminished the average far Cafor
MIA is concerned The amount is nearly $4,000 900 per
month actual receipts, $50. 900 per Hth
these have been rapidly absorbed by The
rising prices and Increasing wants of commerce and trade
and this absorption has couneracted the influence the
gold upon fixed property. This process will continue but
with less force, and amore rapid increase in property vau
alton may be looked for.
la how lar the Chinese insuection may by producing
the usual desire TO hoard money among all people in
Of trouble have operated produce the Indian
mand for silver can hardly be accurately ascertaned Ii
has had great Influence, there is doubt, The qua nifty
OF silver usually in onner years India from China
would average 81 600 per the form OF
Spanish dollars and sycee silver This latter officers
money. All the taxes in China payable the govern
rient In pure sycee silver. When the collected
they made over responsible money dealer bank
er, who casts them into ngots pure and them when
they TO the imperial treasury 1t is obvious
heavy drain of silver would interfere with these colec-
TONS and that resisting tho has been the
der the nsurrecton, and boarding the money would pre-
rnt il from circulating The chief reason against the
The system OF the Chinese finances must however, have
required of silver accumulate through ages
as The population and wealth increased The effects Of
revolution be to suppsnt thai silver with gold, and
produce fall in silver The legszng of the opium trade
would in state Of peace give great impulse the
ward h1w OF silver; but and disquet may induce
its rapid exchange for California gold, being the metal
most easily concealed and transported The number of
Chinese who deal with California the CHI anne through
which this current of interchange may Ii is
"A m ed I'M I'm.
upon the metals and of exchanges
The purchases of teas, silks &c, which made in
China United States account, usually paid with
bills running ndon These bills paid over 10 the
East India Company, and by il RENTED home place OF
silver This has been the OF business because China
being plee in ITSELF had little occasion Tor Ame
products in exchange for and silks This is nc
longer the She will take all the gold that she can re
and later the gold from San Francisco
will set towards China direc, settle those accounts in
Shanghai hch have heretofore been settled by bills on
London, and there by the gold going bhe through
New York The purchases from China about 81 90
600 per aunum and the exports hher about 81 Oo 900
nearly all plain coons leaving about 81 500 900 pros
be paid in bills London The rapid increase of Chi
merchants in the California trade indicates at the
bills California will be lbe means OF remittance
and by doing diminish the proportion Of gold which
reaches the Atlantic.
The whole California trade is yet ia its infancy Those
violent fluctuations which always attendant upon i'm
perfect connexions have yet subsidized An immense
depression has within few months cvefaken II from
supply OF Merchandise This ditcuy arise, ostly
from the Of general aud reliable statistics. Ia relation
10 all the quantities shipped Some article becomes scarce
and fi,es price, when similar shipments Ia from
quarters each shipping in the dark-a gu produced
and all lose. n the present able head Of the department
should hereafter proper require of shippers Cali
fornis record OF manesis when shipper.
Tor foreign port and order the ees the gua~
tibt tipped, nothing would do project the pub
lie from ths designs Of specalsors, honest merchant:
from loss nc merchant knew that nine months supply
OF Hour the way California he would send
more Previous shippers would be less injured and him
self saved loss 1t il the that whole csrge,
suppressed and the public arc misled and injured
The late sdvces from Europe generally bile
and have impaired better feeling business Couon il
In very demand and prices betret-say a
mid. fair ~ fair Flour Is in good demsnds1y common
State, 81 Sc a 81 % western mixed, same southern
81 s7b 80 12s. Rye -four. "a a 81 g7k Wheat firm
at lis lls cents Genesee, I75 Rye dull e6
os Com. yellow, sla s5k Pork in fsir re-
quest, and firm in rsie-ssy SIS so mess prime
sl3. Lard, 81 40 cents. Beef 81 81 prime. wool {,
very firm, and the clip viii open high. Freixhs are
good at ID. for cotton TO Liverpool, and -four L. 81.
The stock MARKETS very duu but the Of money
10 out OF the federal treasury between snd
July will, it is supposed, being applied directly
Market increase the slight tendency greater buoyaucy
Yours, PRENTICE.
II