The daily union., 1854-12-15


The of specie exported large in 1852
in which fiscal year is embraced the above large
shipped for November 1851. 1t is remarkable in the table
that the imports increase in the ratio the exports
When the exigencies of foreign countries require of
god -FOUR cotton follows matter course that
they pay for them in such goods they have and
which available here 1t is for this that former
modes of estimating the of the government will
apply In the years 1s43 and 1s47 when the exports of
nestle produce of proportion the imports of
goods specie arrived to the extent of $ 900 000 being
turns free Of duty for produce sent out Under present cir
cumstances, whatever increase in the quantities
Of either produce specie sent abroad necessarily in
wolves larger arrivals Of dntiable goods and greater
federal This fact the Tribune in riding its high
tariff dragon fails understand and cannot therefore,
why the Secretary his report should keep his estimates
of in face of the present apparent 1t
be expected however, that persons who believe in pro-
scon universal solvents and philosophers stones should be
able to understand simple financial combination. 1t
the of specie importation that ruined the
finances in former years. and not its export which is
indication Of large While California continues
supply its quota of the precious metals the article cannot
again enter into the imports any extent All other ar
ces under the present tariff derv ed from England Eu-
rope subject to high duties The exports from this
country of cotton and produce well specie likely
be large this year therefore, the estimates of the Secretary
justly based It be borne in mind that gold being
great staple export of the United States it always sell
to the best advantage when other articles sell disadvantage
ousy During the last six months the quantities of goods Of
usual when prices abroad and here high requires
larger of gold pay for the quantities Hence
is that the gold interest prospes The great depres
that long existed in California business only
indication of the great value the production increased
and its falling value expressed in the recovery of the
markets there The receipts gold from November to De-
cember IL follows
Arricas and Exports Of Specie at Nep York.
1853. 1854
Arrived ss,osasss sssoe,77
Excess arrived. I349 1898, 40
Thus the supply has been for this market
900 than in the period last year. This state of
affairs begins operate upon the money market and with
the steady contraction of all obligations home and abroad
together with gradual realization discharge debts
thing points great abundance and cheapnes of money
with returning confidence.
The produce markets have maintained nearly the
character. Cotton continues droop in the face Of falling
bills, tight money market, and large crop in prospect
The sales dull nt former rates. Flour is firm
sales of western canal SIS IL So so mixed upper lake.
80 75 SO 1216. Rye -four, Sc 81 so. Corn meal, 81
37}9 Buckwheat four 81 75 So. Wheat is in better
demand for ming-salcs white Gencsee, So 25 Oats, SO
cents Corn sells largely at 80 cents southern yeow 96
cents western.
The stock market has been much better The Erie
progresses well that has impaired confidence the
bulls, and some advance in prices results.
Yours, PRENTICE.