The daily union. [volume] (Washington [D.C.]) 1845-1857, 1854-09-14
COMMERCIAL.
FROM OUR COMMERCIAL CORRESPONDENT

rather Injuries than eomforts-thus among imported
tcles silks have suffered heavily. The quantity to be
sure has been large, but this purchases have been SMALL
many fair dame finding convenient 10 make the old dress
hold awhile longer 1t is wonderful that the silk houses
have been able stand up under such pressure 0rna
trades have also ueredthe jewellers in particular
The small of New England contain great number Of
small manufacturers who work up eagles and California
sugs into every variety of for males well
eaesriDg, brooches bracelets, chains &c. Costly is
the material the elaborate labor bestowed upon of
these articles is still coer and each manufacturer invests
thousands of dollars the articles which then
brought to the city for sale the sorekeepers, many of
whom also manufacturers themselves The quantity Of
gold which is required 20 Keep al those artisans work
is placed at high figure, but there of
arriving at result. When the trade good
demand is active. Ii is, however the that
iewelry poor demand that the viii not sell
the value of the gold and the manufacturers
able hold they were would De hardly advisable in
view of the changing fashions Thus, they busy
employed turning the tasteful works of slugs for
sale. This simple process that By which is
regulated The too enterprising and 4sngnine in all
branches of business follow actively demand until chang
ing leaves them 70 encounter There is
doubt that great deal Of the depression that prevails
here from the continued high prices II food which
have forced economy upon large portions the community
respect everything not absolutely necessity The
sequence is heavy decline in all articles not strictly under
head The drought has also aided in the fall OF
staple articles induced holders goods to prefer
than trust those goods upon country credits thai be
undermined BY loss Of crops. Although il il now past
doubt that the aggregate supply Of food in the country
great ever yet there very many localities
custorned home supplies that be buyers This
fact only reduce the actual consumption of goods
but of food itself since those who forced become
ers win observe far greater supplied from their
usual resources 1t would follow from this of a
fairs that the surplus sent from the interior to the caboard
would be larger than usuaa fact which, added the alb
of in
ca and manufacturing districts and therefore improve
demand for goods particularly that the latter
cheap IL is probably the that the stocks goods
shops the interior large be-
the disposition reduce them in REV Of falling
markets during the winter and spring The large and active
sales Of former replenh those stocks in
Of actual consumption The has been the
The fact that large number Of those Who with agricni-
tgra empoyents usually gocds have lost
their crops of Syins goods already seized upon
by the tariff papers instance Of the injurious influence
the tariff The New York Tribune remarks instance
II European merchants and manufacturers cia send their
goods here and sell them regardless Of the
shall continue to bug them at some rate and them,
bringing ruin many Of manufacturing establish
ments and nicting serious injury on all Nothing bat
stringent tariff viii prevent this influx
1t would be pretty difficult discover how s.tarf
could prevent the sales of goods nader such circumstances
Absolute prohibition it. but that ar-
i The surplus Of goods sent naturally epreses the price
When individual section the whole country has got
but certain amount Of means If larger quantity Of mer
chandse rendered him for it, he is certainly benefited
sometimes asserted that cheap foreign goods do really
benefit the country for the that when goods cheap
consunedthat ia say, if four yards of silk
obtained for barrel of -FOUR instead oftwo double the guam
tity will be consumed and the result the This
reasoning carried out would lead the conclusion that
welfed. wellclad, wehoused citizen il better than
naked savage TIE prairie Where goods cheap
wages and the rude products of industry remaining the
greater quantity Of comfortable clothing within the reach
Of the many and this certainly good. In the present
..g,l l.
inflicted damage is certainly advantage
get what they absolutely require cheap If the
wares of Europe such crowded upon
ket prices disatrousy low The oongners it
ly relief to needy buyers here.
Thus far the fall payments have been with
binary prompnes The bank returns for the last weeks
follows
Loans spse'e, ciearinss. Actual
september IL s;s.,sss ss.ssss sa 81 :,
lserease......... 1896 a.o i,shsse
The payments in the first week in September alwas
large pereepble the clearings du
ring the week than in the preceding week.
have been failures The South and Southwest al
legged have not paid up well circumstances warranted
the anticipation Nevertheless the payments into bank have
prompt and the auctoneers have been fortunate
stated that ten auction houses whose aggregate bills
ceyable in all August amounted 10 s. GEO. had only
protest 5000 The banks have discounted fully their
ceipts and little the of that they
pursued this time last year. when they contracting
severely. notwithstanding export of ST. 900 specie
last week the in bank has been maintained and il
600 than the corresponding last year
The specie retsnce large but the aspect OF the
foreign market is sach denote far for
money in London and Western Europe The dEaa CON-
which heavy last year. VIII not occur, and the cond
Of the war; well with Russia China is such to
check commercial enterprise and therefore prevent demand
for money for those purposes The indeed
large borrowers but if appears be the case, the
Russian planned for long series Of years, such
scale expenditure England and France can maintain
without nconv enence, the requirements win not be large
far le indeed than England has exported the continent
of late years for railroads
The produce markets well supported hu, an cotton
there is very little doing at (sy) 81 for Mobile middlng
and ~ for New Orleans do Flour is active The
rivals small, and good State brings 50 SO
50 IS and the for good southern brands Rye four
Sc Sc 80 for fine. Corn meal 81 81 There is good de-
mand for wheat tsay) 81 IL for white Geneee southern
red 81 co. Oats SO The receipts OF old corn are
pretty arge-salos at 81 s2 for mixed
Pork is freely ofered-saes slt 50 mess. Beef
sn Is sl2 for country Lard, II H. cents
Whiskey, 80 cents
The stock market has become quite active and prices
much higher Erie has risen IL per from the lowest
point and other stocks have sympsthzed There is
disposition to speculate for rise and two three bcar
have failed in consequence The are disposed
take rsrosd securities at large margins collateral
iourss PRENTICE I