The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-08-18

This shows an excess OF nearly 81 600 900 in receipt.
and decline Of $500 0s0 in the city yesterday The snb
treasury paid out S76S4so on mint certificates which
in o bank
The pressure which the money market has felt has
confined stock operations The amount Of loans in
The stock far from S2 900 of this the
banks had loaned according their June statement So
600 000 and private banke and others had loaned the bal
ance. When this large amount called in suddenly il
caused prices fall rapidly, and involved the necessity
the part of holders bid freely for money submit
The loss by selling stocks These bid. aised the
Of money upon other parties and, is usual at moment
when there threatens to be rise in the value OF money all
parties want it. Prudent merchants Immediately begin to
payments due weeks hence Those in the best
credit the banks ak for money per cent because
they employ it ai9 TO- higher. and the oie
ings the banks qusdfupe II is well known that a, such
times but small proportion asked for is done" l
chant has got $4,000 pay in week two hence he
viii ak $40 Ooo In order be It's in This
way that alarm in the stock market produces q
demand among the mercan'e public. and the bea
point tina, demands evidence Of real scarcity
Of money.
Ii IL, howcver, very evident that the bank loan.
have affirmed an inodinae range They this year
$751; 900 higher than The corresponding season
last year, when they bad attained point far in excess
OF any previous irritation. That the larger amount
of business, being done requires be represented by
by larger amsuni OF paper, which only
creased quantities but higher prices is doub, and
thus FAR manifest in the above figures tho expansion OF
o~ been accompanied by accumulation of coin
In the a state however, which
causes an extensive dem and for money would operate
pom present Of bank credits The large
wants OF grain England and Europe
produce rice 10 the value OF money, and whether
vii. In respect 10 the United Sates couneract the effect
oflsrgc sales OF American brrad,tos to produce
an demand for coin may be doubted. An
Eastern war; by producing artificial demand for gold in
a son OF abundant hssests in Europe would
prove in tho present
expa nson but the demand for grain in favor
the United States. and the In consequence OF the
I'm war Tears At present the of produce bills
offering on England exceeds the demand and good sigma
bad per cent The lower had produced
more activity.
Produce remains qne Arm-nour has experienced q
good shipping demand at SIS IN IS Isl mixed western
aud common State fancy brands, s. rs southern SIS so
as 6sl Rye iur. 81 81 50 ~ Cornmcsl, 81 IL
Wheat cell. as II arrives 1874 white Rye
old STATE 90 cents; new souihern. 81 cents Oats, A. -
cents Com we stern liked, III IL cents Pork IL quite
frm-sale. mess, SIS 80 rme, &ls Beef, 81 50s $40
LAID lot Io1 ceos Freight remains firm at 81 Tor flour
10 London q. III. to Liverpool.
The stock has been well squcs zed during the
Hfeen days and those fancy descriptions which the
oects of speculation have fallen TO 70 cent nvolv
ins large losses, without however causing the failure Of
any BROKERS The majority Of them mining bnbbles
which have bottom. being made to cell and hncuac
with the ability Of operators TO borrow upon them At
pre.ent no one viii lend urop them The sound so,ks
main without material change
Yours. PRENTICE.