The daily union. [volume] (Washington [D.C.]) 1845-1857, 1854-04-27
43,42t
ala2. O8l Q4J. Sl4 ASH, SIS

krase 4,lsa,osi a47,sas asii,sa5 1926
On the 4th Of March there the subtreasury 81 1884,
mccie-makng, with the amount In the banks Sl7,Sl4-
There has been since exported "a, 202,G22; and the
unt now in the city is $40, 07G-an increase of ST.
1900; which, with the amount of expectation, gives
s,So22 and the arrivals from California in the same
me have been s5492,5 500. At this period last year the
L,rty Of railroad Investments afforded large sup
IN Of bills in the country upon New York, which,
in the produce bills kept rates against New York, and
ud specie flow freely into the interior This year
railroad investments cut of, and rates all over
soutb and West are at premium, which warrants the
rain of specie to the city and arrives in considerable
uonnts At New Orleans at sight New York was a
V discount II Is now III premiums rate which per-
shipment specie which circuates back to the centre
er faster than the export demand The strngency here,
b has prevented the negotiation Of railroad and other
dts thus diminishing the supply of bills and causing
eee remittances is gradually giving way under these
kttances and capitalists have made up their
MANAGES" in relation to European war, western invest
ants may reasonably be expected will be renewed. The
Of money accumulang in the Independent treasury
rs much influence upon peoples fears. II is than
greater than last year. without present prospect
diminution The passage of the Gadsden treaty is
Sked to as of relief by the public neverthe
those who hold the key to large amounts of the gold
Ia the shape of United States stocks do not
u to realize it, The New York banks, In addition to
HE $40 specie in vault hold Sc 900 coo worth of
Comptroller security for circulation but in the banks
e pushed for the specie depostes they substitute
York stocks security for the notes. and draw the
m Those stocks however, draw about cent interest,"
land the circulation secured by them they lend at per cent
making u per cent the Investment not bad investment
gold demand The exports of specie have been large in
s week, under the ndisposton OF the banking houses
money this side for the present and ngots have
become scarce, well from the arrangement Of the assay
Office San Francisco from exhaustion of supply here,
ager amount Of coin has been exported than usaasay
M coin $685. ngots and the remainder of 81 s2l
bgn COIN The whole export Of coin since January was
a 1888; of ingots and foreign coins s5,5s967s making
Ssa,4T2.
The effect Of the to be fall of prces and
An would if specie payments maintained probably be
s general effect since consumption will be diminished with
the being much diminished The
vever be the with those productions checked by
DE In the old war; the United States acquired rapid
wealth by the carrying trade and by sales of agricultural
produce.
The present is however, unlike the former one in the
fact that both the ellgerens then naval powers and
srcsed le.s force upon the This not
the II not probable that Russia of ITSELF through
allies that may acquire, will be able to take the
md therefore the benefit of the carrying trade not
entirely the United States bottoms before The
tua effects Of in preventing industry viii manifest
themselves and enhanced prices will raise the cost of produc
ua Manufacturing industry and agricultural labor will be
md the drawing Of labor from the field into the camp all
The grain countries of the East to be the theatre OF
40 900 Russian troops said already occupy the grain
cts Of the Black in region OF country where they
u not largely fed and the crops win be wasted and devour
d Hence, the prolonged demand for United States pro-
iuc probable The high prices Of the present year viii
Emulate great production and the may prolong the
mand for the enhanced supply the crops of
Europe should be good.
Whether the Banks Of France and England will maintain
Pe payments must depend upon the events of the
England and France under obligations furnish
Snd TO keep the allies together the possibility Of connu-
specie payments may he doubted although the demand is
Nv fed by the addition OF California and Australia the
seroan There has been long In England party
no look upon paper money good and who would be
l'Plensed to see 1t take place.
Since the war however, the funded creditor elias.
ry extended in Europe and although they might pow
sy resist to paper money tho indebted classes
France would be greatly relieved by it, II Is calculated
st third Of France and the small proprietor
Tho struggles 10 pay the interest would find refuge pa
money that would reduce the actual payment ono
he sctua suspension Of the banks in those countries by
ening the demand for specie and keeping money easy
oud emincnty promote American interests since produce
'ould sell 70 better advantage.
The supplies Of gold in the United States immense
,ng been absorbed into circulation by grca' activity
unsss abundance Of otber commodities and high prices
he same has taken place to remarkable in Europe
follows that business 10 be css active production less
nd prices lower gold viii be evolved from circulation and
econe abundant
The produce markets pretty firm and cotton sells at
0ou' i'oo bales at the official quotations follows;
Ees York claaifeaiion.