The daily union. [volume] (Washington [D.C.]) 1845-1857, 1845-09-22
EDITORS CORRESPONDENTS,
New Yoax, September 10, is45.

New YoRK, September 10, l645.
Before this reaches you. further accounts will have
come to hand of the per the Rainbow from Can
tom Il amounts to little more than details OF rob-
beres fires, and the earthquake.
I should have stated yesterday, that the news Of
the loss Of life occasoned by the burning of the
theatre in Canton derived from notice on the
bulletin board of the Journal of Commerce, whose
news-boat boarded the Rainbow some time before
she reached the city.
The most interesting market news brought by the
Rainbow relates to the demand for raw cotton. II
is well known that, owing TO the proximity Of the
British East India possessions, the supply of raw
cotton in vhe Canton market has usually been de-
rived from Bombay, Bengal, and Madras. During
peace with China, the cultivation Of opium in British
India is found more profitable than cotton, as well
the sugar-cane; hence the supply of raw cotton to
China, since the establishment of peace, has been
diminished.
II appears by the commercial news of the Rain
bow that the stock Of British India cottons had been
largely reduced in the Canton market the follow
ing extract will show:
"Corros-Great reduction Of stock, compared
TO what the dealers have been accustomed 10, has
affected the prices; quotations now show consider
able advance. There are in the warehouses Of
Bombay, 10000 bales, Bengal 5000, and Madras
% 600 bales; Of these, all of the Bengal has been
sold, but not yet cleared as well as large portion
ofthe other kinds quotations 5a 10 for common TO
fine new Bombay-5, 6as, S for common new to
fine Bengal, which il much wanted, and s. Sal, 3
for common to fine Madras Sales since the 18th
of April 10000 bales of the different kinds-smal
parcel of American Rainbow sold at 7, 6-the
scarcity of fine Bengal has assisted the sale Of 1t
much; the American staple will gradually come into
use if care is in the first place taken in the packing
If the price rules low in the United States. Panama
takes cotton to Annoy, where Bengal is worth $l2."
As the staple of the American cotton is superior
to any produced in the East Indies, in large way
question exists but 1t would If afforded moderate
price, in measure suppant that of India The writer
expresses the belief that if greater pains were taken
in picking our cotton it would find greater favor n
China. The probability is, that China will continue
to improve as market for raw cotton If remem-
Der rightly, Sea Island coton-planer last year. sent
a sample Of Sea Island cotton, through house in
Boston, to the China market, by way of experiment,
supposing it might be preferred by them, for some
of their finer fabrics. have account Of the
result. We have already secured the China market
for the sale of Lead and If we can secure its market
for the sale of raw cotton also, il will be of great
importance to our commercial interest.
Our lead was in demand at from IS to IS so per
pecuI. The pecti is equivalent to 1873 pounds, avor
dupos. We also supply the Celestias with all the
ginseng they use, which was also selling at fair
price. We also compete pretty well with other
countries in the sale Of cotton long piece and other
piece goods. Upon the whole, our trade with
China is on satisfactory footing, and likely to be
improved. II is doubtful whether any special en-
bassy in China will ever prove of the least to
this country. All that our trade with China re-
quires, is such aid and continuance as could be
easily extended to it by resident consul general
and commercial agent of active business habits and
capable of understanding and experimenting COM
mercial affairs. As to any political relations with
that country, 1T Is ALL IDLE HUMBUG.
Having said so much in relation to coffee and the
coffee trade yesterday shall conclude the subject
to-day, in giving the following table of the produce
of the world taken from Hunts Merchants Magazine
for Septemberin itself most erceilent publication
Statement Of The estimated produce Of coffee In the
,porid in lS43