The daily union., 1855-10-18

cron h vsern Furope, the immediate Is the active
purchases of the English, French, and Romish government
the aggregate operation has been considerable or th
markets but purchased bears small proper
tion TO the the buyers that they are evidently
disappointed and the Influence produced upon the markets.
which, the reports that have been sent abroad they
supposed almost nexhausb whereas the fact that sur
plus viii be important under the circumstances The
French uneasy the results OF the nvestga
the OF the harvest there The Austrian gov
profess TO be satisfied there food enough 10 that
empire The Roman government is abuyer, and the hing
Naples has prohibited export, while reported that fam
me actually exists in the neighborhood of Odessa In the
north OF Europe the supplies insucient from panz
advice the stock is 1000 bushels held at 9J
equal 81 81 per bushel that the wheat is very poor
only 81 lbs The London papers and the oatea
while admitting the wants. consolation from the al
legged large supplies in America n which they are to be dis
appointed and it becomes daily evident that the com
ing year be of continued high prices, and conse-
queny Of adverse business results The considerable ac
tiyy the fall trade and improved prices of goods have
been anticipation Of restored retail trade consequent upon
cheap food AS yet however, there has been little or
vye among those shopkeepers the Atlantic who sell to
consumers whose prosperity must be the support OF the
wholesale trade That he agricultural interest viii have
lucrative year be apparent since the local conamp
on high prices TO be the Of diminished sur
pus for export But since the dense population OF the
Atlantic States by of western competition has be-
less agricultural and manufacturing and CONNER
cahat is say buyers OF food rather than sellerthe
activity of trade depends in England more upon cheap
food The effect of the large movement OF beadstu
high prices 10 draw money from the city, In the sum
months the bank balances due by the city banks to
those Of the interior accumulate and they employed by
the banks call until wanted for the crops, when they
drawn down. and begin to reaccumuate before January
later according to the This has happened
for three successfully The highest point reached
in the week ending August III, as follows:
Highest Lowest. Decline.
August H.
3d.. 55,5s24ss Dec o.. 4al.s.ss5 4, 100
The year 1859 was Of great activity in breadsus like
the present; whereas in 1854 little DONE 1t fol-
lowed that in the first year the demand for money
large and rapid; but, nasmuch that the produce
sold rapidly and replaced the deposite in the city at
earlier date the reaction took place weeks and
before the let January the fully recovered Thus
the accumulation August greater than usual because
business being more stagnan there was less use for funds
With the present harvest however, greater abundance and
high prices demands extensive of funds and
the decline of depoes has been greater than before
within the period The money has been anticipated
would be by the ease called in from stocks where they had
been employed sat cal and those who tempted to buy
stocks with such facilities eager bidders very high
to replace them Inssmuch, however, that whole
sale business has revived employs its capital
and there far less than usual offering from foreign houses
1t usually the this season. when cotton bills being
exhausted and exchange high, that the agents OF foreign
houses draw bills and employ the proceeds the markets
here This year the influence couneracts this tendency
only money to be dear in Paris and Lon
don but induces the French to offer high prices
for gold well food hence all dealers in exchanges find
their account in sending gold to Paris Your correspondent
weeks since, called attention to the fact that the
culd inevitably produce such state of affairs The Lon
don papers complain of the unwarrant
able the part Of the French 1t does
not however, appear That foresees short
supply of food and takes to get while bo
had 1t also oresees the fact in the Of god and
seeks to fortify itself 1t by measure but
customary one in times Of emergency The deficit in grain
being 1000 hectoitres this year, win require large
ports of specie addition that for purposes and the
position of the bank, compared with former years.
follows:
1896. Ies3. 1854. 1855.
September e0l 7oS500 4s2 6655 47a5000 2s56,4 3
February s6I70OO0 9e066hl9 4AOsl5G00 e,0OO00