The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-08-11

This large amount is in mint, and distributed in the
country The demand for gold ngos for remittance to
France hns good, until the market tghtened, which
stopped the process having gone last week. but ire
ngots offering for rale discount rather higher than
the difference for coinage and holders had the folly to
Erumble At the department because II would not without
authority Of law exchange the ingos for CON- The CONT
mental demand for coin has been renewed IN London TO
considerable extent, through the influence of The
fears and will doubtless now be prolonged by the state OF
tho harvests-t being pretty certain that the wants OF
England will be larger than usual and that France WIZ be
buyer instead Of seller of breadsuH. The trade
has already made free British vessels by decree Of
tho government from this date the close Of the year
England bought last year equal $4,000 900 bushels OF
wheat and she will want less this al least fifty
per higher prices France must also buy largely well
the Netherlands That Is to say the war demand draws
gold Into tho of Europe and the of western Eu
rope for food will swell the of tho metals in that
direction extraordinary extent is this process by
which gold find. way from Wes, TO East The of
peace and good haTvess will cause now back in the
puchase of goods greater extent than ever but the
temporary demand may perhsps equal oil that Australia
and California supply. The state of the markets in
Australia such by the last that much larger
cepts Of gold DO had in England for goods The state
ofthe harvest matter OF earnest consideration TO many
The year ls47 put in equson all the resources
Of the Arime world TO transport grain TO England and
Europe and the high prices stimulated pbuild
ing sud grangrowing to nordnste exten' resulting in
very low pcesin l89 In that year Qsi9) the surplus
grain world sought at low prices the higher markets.
which took 10 655 1877 quarters Of which 800 AIS
OF wheat grain, and -four; and France supped 700
OC0 quarters; Egypt $4,000 quarters Turkey and the
Black Sea, TOO 900 qsaIte-making SAB 0c8 quarters
one-,hird The United StsteA supplied $4,000 quarters
Hence, all other countries supplied 27oo 900 quarters. The
off the Black Sea supply and tho export is pro-
hibsed from Egypt France instead OF selling 100000
qule, will require 2OO0O 900 isries and the Neither
lands will what Germany has to spare follows
this, that II England than in 1919, the
United States supply 100000 quarters OF wheat in
tho that the present prospect OF affairs continues
That have sufficient grain there can be 30 doubt The
harvess never more abundant as whole, and the
interior OF transportation ten to one wha'hey were
In Ias7 but the sporaon Is not much greater
and It's eighu rise to approach to the level OF S-ay
A. per bill for ,ur from New York to Liverpool, and sol
sterling for bushel Of grain The intercourse with Calf
fornia NAV DO disturbed give holders Of goods
their ample revenge for the losses they have sustained 10
the last winter and spring. These considcraii ons
which enter into tho present aspect OF The markets
short havct western Europe will pat to the test the
nav elements by the discovery of the gold
tries; and the tendency now seems TO be 10 draw oil
wealth towards the American Union. For several years
California gold has found good ae until its relative value
sunk before tho rising prices OF all other industrial pro-
ducts Those high prices met by tho positive
scarcity of food supply which the new lands. emf
grants, and railroads called into requisi,ion
scale lar beyond any former experience. The
siy OF large purchases of TODD by western Europe de-
plees her Of her sold and reduces prices rgain to
raise the value OF tho California staple The prices
of produce much higher than last year, Afford
with the Atlantic THIS is probably larger than
,hs purchases goods made by the dealers the
West, and may for the distribution of gold in that
direction Tho abundance OF money in the hand. Of
dealers here and from the country quite large now, and
payments were never moro prompt Tbs produce
ksu III stripped OF cotton, with less animation since the
Baics 10 firm l2i 10 cents New Orleans fair.
Flour 10 in good demand nj Us rs IS ~ mixed western
Canadian Ut - 81 Wheat active 81 "a mixed west
and red southern; 81 30 white do. Rye, 80 cents
Oau. 4Sa - cents Corn, 76 II cents yellow
Pork 10 dull. Slz 81 ei2 30 prime SIS 50 Beef
s. o6 "a oountry mess Rice is quiet at 81 81 43.
Ffeighs quite firm at De- 81 for d1ut Liverpool
SD. for grain do to London, 9i.
The stock market has been quito depressed the
non OF ths banks in calling in loans but prices
touch bottom on Saturday The bear party seized the
opportunity Of the pinch close short contracts which,
however, sraced buyers, as usual causing rally. The
jadicons action Of the Secretary of the Treasury offer
ingo buy the United States stock mt IL premium afforded
great support the market Those backs which held the
stock could srn to ooin round profit hcnselvs
and advantage to the treasury. The market is doci-
dedy more speculative.
Yours, PRENTICE.