The daily union. [volume] (Washington [D.C.]) 1845-1857, 1855-11-08
llizS slases Trade Srifa France and Esnsiarsd.
Imports. Experts.

In treaty with France operation,
succeeded by the gas hoses 81 1929 and 1890 The whole
imports and exports between the United States and these
1885, Sal OCT 3ol This lad grown $685.
4gs ls54thaI say, the of exchange
actions Ssls 900 600 per annum without bringing
any change the mode Of conducting them In rouna
bers 900 coo Ct business transacted annually in
the old colonial STYLE The inerter CT goods here Obliged
carry money the banker buy h signature because
his arsilabe abroad. If the import merchants
would require the sellers Of goods draw them for the
amount paying the bill when presented here they would by
throwing the expense und delay OF collection The
only obtain their goods from to three
per less they woaid break down monopoly Of
change which always 20 drain this market Of specie in
Of difficulty. Ii such times precisely that import
in respect Of bills, and they give the
bankers tbs highest ratessay 1914 for bil al sixty
days sight The bunker immediately draws specie for the
proceeds bill ships it in the steamer and has the
London sixty days before the bill he sold becomes
dne and which bias been discounted per at the
pense Of the importer here In sixty days from 10000
10 Is specie may be the country
bankers Credits and carried there for number Of
months By repeating the operation The export Of the specie
hence money market tight, and the banks stop
the DRAIN refuse to discount importers and they are
required pay high rates Tor money at such moment
remit but resured their correspondents
draw tem the pinch would be avoided The shippers Of
produce generally sci. their bills IL per cent lower than
bankers get for their bills because names are not known
The importers pay nearly per cent additional in
because they bound the bankers The whole exchange
plan therefore the country ooo because there
does that freedom in exchange transactions which
casracterizes the cities Of Europe
II that the exchange business mot vel conduct
the bankers who il hand consistent with their
but that the general interests require
s employ, and that the credit OF every leading
merchant should suffice for his operations There
Of wealthy and considerable merchants in the United
States whose aecpances quite valuable those OF the
exchange bankers New York. but Who nevertheleR pay
the per for their names, when they
shou d make their without risk
The general of business at this moment ia not salts
factory. The crops large doubtless and bring good
prices but this fact il against the restoration Of activity
the seaboar inasmuch t5st dear food has during the
past year. been the main Of stagnaut industry, dmn
shed trade small earnings, and consequently iessned i'm
migration from Ireland That which required to coun
cheap food, which cannot be looked for
tor The coming year. The prufs Of the agcn
turiss expense Of the the seaboard
a. much as English. They buy indeed manufac
sured and imported goods in Of their profits
but the tide a migration carried West great numbers Of
artisans whose industry supplies the chief Of families
The credits created BY produce sales therefore, draw
ts Fest at the same time the which sbrosd
Tor goods during activity Of the fall hnd difficulty
in getting SLED want Of labor The has drawn d.
reoy considerable numbers and the production Of
terfas employs others henca DELAY OF months i adj
vised production Of desirable goods, while quantities
net made order being consigned here To extent
these Of Frrnch houses who require advances
an unusual for them There is therefore more
canton respect the future and orey rses 10
yaue Te import dry goods for the month Of October,
as compared with the corresponding month last year as
follows