The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-04-14

Thus The stock has Increased about fi 900 in four
weeks In the same time the commercial discounts
have risen f5O0,0OO at the bank The activity in the
demand for money Is ascribed increasing CONNER
cal enterprise and higher prices Tor goods The great
demand which has existed for coin has suggested in
England the expediency Of charging segnioage in order
to induce the export Of gold In the ngot shape
into Eng and In the United States same demand for
coin has been actively felt well silver as gold and
the new coinage bill charges / per cent. upon gold
coined into and only the actual expense upon that
coined into ngots-that is say if an individual has
1000 in gold dust, it will him IS more to have il
turned into money for circulation here than into bars
export ont of the counry. The difference will be it,le
in favor of export because the assay office being in
New York, the trouble and expense of sending 10 Phia
delpha will be saved. la passan The legislature have
passed bill exemPting the assay office from taxation
The chief object in this is doubtless veil necessity of
the Philadelphia mint That institution coined last month
600 Of gold less than the depo.es being now
engaged upon the silver coin It's nefciency will be still
more apparent There is doubt but that where arge
OF specie exists the ngos good better than
coins for purposes but good demand for United
States coins exists in Europe from the eigrants who bring
them back into the country which would be the case
with the ngots Furthermore, there has been com parave
ly export demand for specie since January The fol-
lowing the arrivals and exports
January s66Is,sls sfas,sSs
February 2I9333 l22.O2O
March, and to Apris- S07 993,sO7
ls,lOs,45s 2,s66, 4s6
into the snbeasury here, and this with the export leaves
about 900 which have gone Into circulation as coin
The in banks has been much Up TO Feb 26
they had increased ten per cent about $500 OO0 on
what they held at the close of December Since then they
have become stronger but will be observed that the ey
port demand ne.sxth of the receipts while the
demand for circulation has been apparently 600 600
The circulating demand is checked by per cent
charge, which not applied the export demand The
notice Of the mint in relation the purchase Of silver
under the law seems TO be judcious. The chief sup.
ply OF silver is that brought in by inning rants and
heretofore re-erported for want OF facilities for coinage
The department offer 81 II per ounce of stand
ard silver, whether in the shape Of bars South Amer
can, Mexican United States coins. Thu, United
States coins weigh 4l2 grains $40 fine under the old
law, per dollar. The department offers dollar 396
grains, and viii pay the dollar in halEdolars that
weigh 3S4 grains, thus leaving " grsn. about per
cent the expense Of the operation. The effect is Curl
Gus. Mexican dollars are as good currency u, United
States dollars bot the European demand Tor currency
small well large-a demand which Is incident upon
general prosperity and high prices for commodte.-has
raised the prices 10 a per cent md they have become
The United States into the market and
offer per cent PREMIUM as is alleged In order make
silver more abundant by supplying the demand for COIN
and AT the time impose one half ia
der check the supply Of gold coin Is coin generally
which the community want whether Ia the pc Of sill
ver gold. or psper, is not material
The markets generally firm. Cotton under The CON
noslly declining receipts, becomes more Arm and most
dealers calculate ofnot over 300 900 bale.
above the Rs crop. This quantity would hardly
enhanced consumption, and prices are i-relore, tttT
al II " for Atlantic fair. and l2i l2l ~ New o..
leans. Wool remains firm bat twa aIgs Gales are ad.
venised-one in Boston OF foreign, the 18th, and
Ct domestic fleece here the 2ist Pending these
sales the transactions small and nominal Flour
.useins itself pretty well In face OF the approaching
ng Of vigation-saes OF wesern 81 IS SlsI Wheat
Is firm at 81 Is for Gene,eej Rye, 20 81 cents Barley
IS Corn Ia good suppiy-ssles IS 60 for ye
low southern. Hops firm at ~ Y cents Pork is
quite active si5 TOR mess. and s3 % for prime Lard
% a ~ cents, Beef S. SO $40 50, county Rice,
far to prime 81 Is a 81 62.
The stock market remains quite dull but although the
confidence Of the bus" is quite restored, the future
promises a more active market
Yours PRENTICE.