Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1843-07-06
From the Richmond Compiler.
THE "TIMES." 81

We may now congratulate our country friends
upon decided improvement in the markets in
which they are inost Interested. The advances
which have taken place must infuse more life and
buoyancy to trade during The last half of the pre-
sent year; and We think there is every reason T."
look forward with enlivensd hopes tor the "skies
are Frightening" Last year, we in Virginia, met
with disasters on every hand. Oppressed with
debt, the storms and seasons seemed TO comblne
against us, aud greatly curtaied the anoun, OF our
products. There was consequently great scare
ny ynoncy in The country. and much suffering
and%sacri6ce. But these difficulties have been
maniuiIy met--,nd ii they are not completely
vanquisied, the triumph over them is nearly
accomplish that their severe character is mit-
gated. and few months, we trust, will place us
II not in the whirl OF extravaganza and extensive
anticipaiions aud plans, which were the peculiar
lties Of the unbounded extension al credit which
brought. or helped To hiring upon MS, the ruinous
effects we have just experlencrd--at least, in 81
state OF moderate prosperity, in which iru.ali'y
aud industry will he properly rewarded.
Ia tn" Northern clues, III ur, which had been
down 10 81 3 81 has advanced to SIS SO u S 81 !.
wheat. too. has gone up Ia 81 -.
In Cincinnati, where, Two months ago, Flour
dragged heavily at SO, and under, it has gone
up TO 81 and above; and where heat was at 10
and oo cts, 1t has gone up 10 95 and 100.
II has been noted that our Tobacco staple has
borne good prices, and some uf the superior kinds
have sold astonishIngly high. We have before
noticed son'e high prices, along up in the teens.
and TO $40 and S25. "Wednesday, Mr. Poitiaux
Robinson bought hogshead, produced by L.
Hall, OF Fiuvanna, al $40 per hundred! iInis
beats Ly.ch6urg Il
Cotton is, howtver, very much depressed as
yet; bu, can hardly fail 10 come, Indirectly or
otherw wise, under the prosperous influence OF the
causes which are producing The improvements to
which we allude.
When WE turn to the money market, we find
mat returning confidence is increasing the cir
M IN nj f iial Il.
Inc stocks OF the States in the best credit have
gone up to par and In the par region, while those
OF the discredited States have materially advan-
CID In value. The U. $. Government stocks
have risen to IL and ID, and the Treasury notes
are above par. A palpabe demonstration OF the
restored or recovering confidence has just been al
iorded IN The prompin IS with which IL govern
ment loan Of S7,000.O00 at 5 per cent was taken
fhe Secretary of the Treasury advertised il bu,
few days since, and on Monday the whole was
taken by Messrs. John Ward & Co. (no doubt
Tor foreign accounD at hundred and one
dollars and one cent for every 500 Of the stock
lew months since the Government sent an
agent to Europe, To negotiate loan, without
success; such was the waut OF confidence
The rise in wheat and flour at the North and
the West has been occasioned, in some measure
by demand for the Canada Market. Lnrre pur-
chases have been made al Cleveland BuilIio aud
Oswegn, for the British prnvi.-es The Canada
'orn Law Bill, which h IS lately passed Paria-
that wheat from Canada Imported into Great Brit
AIM pays duty OF one shilling ii quarter or 3
cents 'ushei; no distinction 10 VIII, Their il be
the production OF Canada or the United States is
made. On Wheat imported into Canada, duty
OF 8 shilihgs quarter, or . cents a bushel Is
levied SO that American wheat going "a Grpa,
Britain through Canada, pays duty OF 10 cents
bushel. This is fixed rate.
w ith regard tn the quesiion-what benefit this
Canada bill will do us?-the New York Express
makes the following estimate:
"Ne will now take The price of wheat at Cleave.
land, and freight and other charges, and see wha,
proht is TO he made by exporting il
Cost OF > bush. wheat, for Dbl flour,
at ST., SIS 90
Canadian duty, III
Freight to Liverpool, rs
British duty, Ii
81 O9
Price of flour at Liverpool June LIST Sc SO
Exchange on England is worth, say SO Sc SO
Loss, 90
alt is clear that. at present prices in England,
the Canadian4flers cannot afford 10 buy our
wheat; yet large quantities are purchased in the
expectation OF AN advance. The price of -four i'm
England has not ranged much lower than it is now
Tor many years, but on the contrary, for greater
pant of the line il has been much higher. From,
1925 to 1910, the average price Of flour in Liver
pool was % Az. The highest average for any one
year was $40 Al. and the lowest SIS IS. II, un-
der the new law. The export OF Wheat becomes
extensive, and we see no reason why il should
not, the great advantages which will flow from il
TO the States bordering on the lakes, and Indirect.
ly To the whole country, will be good market
and steady. prices. At Tales considerably less
than they are now, with any tnlrrabe prosprc,
OF a continuance, thu production of wheat in the
Western States would be greatly increased and
afford large profit
The wheat crop Of Virginia promises to b. a
fair one; it will be in tue reap the advantage
OF the demand and advances already noticed, and
great relief will be consequently afforded To ALI
Taking the signs "by and large" as The boy did
the turnp, feel assured that the long -hopcd-Gor
''better times" are al hand Those who will no,
believe ,ha. they are here until they STE the tx.
favagancn OF 1885 again, will look in vain ror
years to come, 1t is to be hoped. But to less sub
lIuHted minds, they will be here as soon as we
have any right TO expect, after the extraordinary
revision which has not only Frustrated this coum
try, bui has been felt with scarcely less severity
III all civilized lands
MASOiiIC PROCESSION
The procession Of brethren OF the Masonic or.
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