The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-01-16

eration in eeer value demand for naval provisions
srArr OF TsApE-MArcHEsTER, Dec. I5--We have had
pretty fair business in cloth this week. and at prices
without change though many Sy ne re-
would have exceeded in value On the contrary prices
must be regarded as quite rm and even ant
Tuesday In Twist there quotabe difference since
this day week good demand exists both from india
and China.
ket to-day the business transacted has been very limited
with the exception of dyed goods for which there has
same rs it has been the two preceding Mondays
LEEDS Tuesday Owing in some measure to the near
was small but did not affect prices in the least degree
good business is anticipated after Christmas in the
warehouses tolerable business is doing
BRADFORD, Thursday-Our piece market, especially
such as entirely made of WOOL is in most depressed
state The high price of the staple and the comparatively
little advance on the goods makes the trade unremu
nerating at any period within recollection this
disparity continues business must again be curtaled
mand many large spinners are under contracts which,
considering the price OF wool Is not deemed any advan
sge Wool is held %y stac late Psces s,aper'
PARIS MONEY MARKET, Dec H.-Five per Cents, l22f
zoe s5c Three per Cents s0 s5c 90c 95c 81 ex
div Bank of France s3o5f aso0f 1851 1921 ooc ssoo
Actives 2s Passives h Belgian Five per Cents 1881
1851; Belgian Five per Cents 1910. l073 Belgian
Belgian Banks 1885 f6Of 1861 2oc; Dutch Twoanda Hall
per Cents So; Haytian Loan, 466f Csc. Exchange on
oae moaah
BouRsr, Dec H-Five per Cents, l22f csc; Three per
Cents, sf sc div Belgian Five per Cents 1872 losi
do is4o, lO7t.
LATEST FROM HAvANA-We have received by
the Norma, intelligence of an interesting character
from the island of Cuba, to the Both ult., lnclu-
sive.
In addition to letter from correspondent,
we have notice issued from the Spanish Consul
late in this city, worth the attention of the nven-
tive genius of this country. Where is that live
Yankee with the steam loader of ships!
CONSULATE OF SPAIN,
New York, January Is, 1914.
The undersigned, Consul Of Spain, has received the
following official communication from His Excelency
Don Leopoldo ODonnell. Captain General Of the Island
of Cuba and President of the Junta for the Promotion OF
Agriculture and Trade in that Island =
Trade of this Island at meeting on the 22d Nov last re
solved to offer premium Of ten thousand dollars to the
mechanician either Spanish foreign, who in all the
year ls44 shall present the best Steam Machine of easy
transportation roads, and capable Of breaking
stones Of all sizes and Qualities and reducing them to
hundred cubic varas thereof per hour "a vara is 80
inches Engsh That the value of the machine shall be
settled for separately and estimated agreeab the cost
mills for grinding sugar plantations, and
that the payment for the machine and premium offered
the Junta and tried for the space Of six months to test its
solidity and good results" STOUGHTON.
Correspondence of the Herald)
HAVANA, Dec. 80, lS43.
Commerce of Cuba and the United States-Fdcts Us
Fdmey-N1arkets, &c.
DEAR SIR:-
In the Courier Il Enquirer of the 9Th December
in notice of the addresses delivered before the
American Institute last October, the following as
sertions are said to have been made by General
Tallmadge =
From Spain imports last year stated at $l3
exports So 800 OO0 leaving balance against
us to be paid in gold and silver of banks OF $780,
0OO Our imports from Cuba amount to $1,000 600, and
she receives in return exports amounting to 81 600
leaving balance against of SO 900 to be paid in cur
rency.'
This is all paraded coming from "ofhclal
Sources and the argument is carried out sthough
gold and silver, after they have been fof
sugar and coffee cease to be wealth. ,Now,we place
as little faith in the correctness OF the "officlai
valuation as we would in any other /; and we waive
the question of wealth. as i is not that, but what
we consider the erroneous deduction that the com
merce with this Island is loss to the United States
with which we wish to deal. In regard to the COM
merce with Spain, we have nothing to say, but &c
that of Cuba we would wish to mete out small
The sBalanza General" compiled here from Gus
toms returns thus states the commerce with the
United States for 1872:
Imports from the United States 200 2Ol
Z" "f sr"ce. l77.02t
se,aooaal
Exports to the United States. .s5.asl ,al7
" of specie. So. 1857
sS,asa,s74
Apparent balance against Cuba .......... 7,647
This conflicts materially with the above quoted
statement, yet both drawn from " official
sources How this difference of nearly 81 200,
900 in the apparent balance Of trade; that does
not amount to Sl2,OO0,O00, be accounted? 1t GER
..~I., L., al. L..
both parties the transaction and in favor Of nei
ther Yet, taking the Tallmadge method of argu-
ment, " official sources the Cuban as cOnclu-
sively proves his loss as does the American. We
10 not suppose that either of these valuations ex-
hibit the actual value of the interchange between
the two countries, but we are more inclined to
place reliance upon the Spanish valuation the
nearest approximation to 1t, from the fact that to
the American valuation of exports, Is to be added
and from that aluatlon of imports is to be deduct
ed, the profit on the labor and capital employed in
the exchange which is nearly all American, as will
be seen from the following table, extracted from the
& Balanza General" of the Island of Cuba, for
Imports from the. United States in American
vessels, $5,725, 959
=" Spanish, Ala, 262
S62OO22l
Exports to u States in American vessels, S5,03s S9l
=" " Spanish =" 2as,6sa
so,2sa, 574
lHdt 10 % per CeHt Vi Tie ITOHI, pei
cent of the export to the United States is carried in
American vessels The profit in the share OF
freight and other emoluments the large portion
OF the trade thus carried, returns In the United
States in the shape Of increased imports there and
does not constitute balance to be paid for &C in
gold and silver out of our banks" In fact, the
amount of specie carried between the two coun
tries is very small, will be seen in the above ia
BILE of imports and exports of Cuba. In that table
there is apparent balance of $l25 6i3 against the
United States but to counteract thai, we would OBJ
specie in order to avoid trouble and detention the
of whole import is manifested at the Custom House
while from the onerous duty and facility OF exporta
tlon,a very small portion of the export is manifested
Well informed commercial men suppose the expor
of specie to the United States 10 exceed the import
and this suppostion is borne out by the fact of the
continual presence in your markets of large guam
titles of Spanish gold, where it bears value o
from two to four per cent less than it bears here
which would not be the case if there was balance
of $3 600 TO be paid annually in currency