The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-03-13
EDITORS CORRESPONDENTS.
ltrOm our regular esrresPondent.l
New YoRK, March 10, a.,

Liter ns,os from Europe arrival of the packet
snip LtpnpOOl trhich saiisd from liverpool he gih
isor1"y-Co market rsry firm, pih q re-
ported aa'anes " 3D. per B.-FtOur and grain de-
Inc hne Packetsh Liverpool, Captain ElJridse,
was announced 10 be below and soro,,nd an vvbst
=, ~ Na"Su We homer shoa with a merchants mot a
view iork) pilot on board. Her Daners and news
reaehea uie Guy about o'clock, D. IN. She sailed
| on the 9Th ult, and brings two % II. 90 -.
news from Liverpool Her ntellivsnco ~ -. 49,
importance IN commercial point of v,.., ~
London dates only come down to those bro,,oht ~,
the Toronto; hence there could be no politicaf -,
Of later date to bring. "'"'
| IL liz expected the Liverpool will Aoa, fro,, -
position in shoal water at the next rising of The
| tide. '
l am glad TO find the people and press are fully
awake TO the importance Of encouraging, by wisely.
regulated mail contracts, intercourse by ocean steam
packets between America and Europe on one
hand, and In connexIon with an overland mail route
across the lsthmus Of Darien on the other do
not agree with those who think Liverpool a better
point Tor the rendezvous of the American mail
steamers than Cowes. The government after much
careful investigation, arrived at the conclusinn ,ht
| Cowes was the best point.
| To run our mail line TO Liverpool we should
Icoms in competition with the Cunard s,s.nosrs -
the line of the Great Western Steam Nayig,tion
Company ships, the numbers IN each of which
lines are likely TO be increased.
| Cowes IL a very central point, all things beip0
considered; probably the most Of any other on
the west coast Of Europe. II is only twelve miles
or about an hours sail from South Hampton; from
whence To London, over good railroad the time
| OF travel IL only about two hours. News could Or
dinarly reach London via Cowes from New York
| as soon as II could do so via Liverpool.
When we come 10 consider the importance of our
continental trade and intercourse unaided as il is by
single line OF steamships, Cowes becomes alto
gether the superior place. From this point or be-
SOuthamDtOn
packets constantly ply, and | believe make the run
in about seven hours. From Havre a railroad
passes to Paris, and from thence they diycrse
to all parts of the country. Another road
will soon connect Paris with Bologne or Calais
to reach which, would be only a few hours sail
from Cowes. Besides 1t will be perceived the con-
tractors reserve the right Of touching at Hayre alter
nately. This would not he practicable in case the
line terminated at Liverpool. Our commerce with
the continental powers il increasing every wear
France has population Of over thirty millions and
the German States composing the Zo-Veren near
forty millions, Of which Bremen forms a prominent
outlet. We want increased mail facilises with these
pOpulous countries, just awakening to the import
ance Of manufactures, commerce, &c. We want
them to take more cotton, tobacco, rice and other
things from us and, If they can, they declare they
able to do, sell cheaper US than other parts Of
Europe. Let US encourage trade and intercourse
between us, one of the best means of doing which
will be by running mail line Of ocean steam packets
between US. IL Is matter of no great Importance
whether we go to Bremen or Antwerp. The
latter can easily receive branch mail steamer
from Cowes, while the main line can and ought to
pass on TO Bremen, which will be central TO Ger
many, and from which railroads are under way, or
projected to ntersec with all parts of the interior BY
adopting this route, there will be fear Of not obtain
ing freight and passengers. After all, capitalists
themselves are the best judges Of what route will
suit them. The government simply advertised for
mail-contract between New York, Cowes, Bre-
men, &c. That men Of capital and responsibility
went forward and obtained il, by being the lowest
bidders is sufficient proof Of their confidence in the
decision Of the government and the future pros
poets OF profit to themselves, and can see no
reason for complaints being uttered by those who
have not dollar at stake in the enterprise, and
who may never cross the Atlantic, or ship pound
Of freight in any steamer whatever.
LrvrEroOL M.HxrT.-CorrOs,.The demand from the
to realize was great as to in many instances far
the trade
siderable business the downward tendency has been ar
rested and the market closes firmly at the rates of Friday
The sales amount $50 bales of which 1000 Amrri
40 Sea Island .. lid to Isd with 10 Stained at To ia
$50 Bowed sd to Aid $50 Mobile Alabama, and
Tos,oco-The sales of the month reach 2I5 hogsheads
Of which 200 were Virginia Leaf 200 stemmed $50 Ken.
lucky leaf and the remainder semmed former prices
Res has been in better demand and 5000 bags Bengal
have brought lSsi per ewt .,,,,.,..,n.,n
heen taken for CONSUMPTION at previous prices.
demand tons ed
sold at SIS 5ss per cwt in bond sowing Flax
seed is held at "os per hogshead
exact rate is not reported small parcel Of American
went at los. Cd per Dbl
low candle sold at Cd Cd but subsequently i2s
Sd accepted $50 casks North American of fine quality
GR.Is-The market for free grain continues in de-
pressed state which be attributed still unsettled
occurred in wheat since Tuesday; the best quality
maintained that days prices but secondary samples have
FLOUR has met moderately fair demand, but a small de-
cline in value has had to be submitted to-.
Several transactions have occurred in bonded wheat and
flour but at no better prices than were current last week
parcels have been submitted at reduction of pes
cwt Frkn lard DDS to 66s keg 6ss; and baddered 6ss
56s. Hams SIS. to SIS per cwt.
Sales of manufacturing stocks made Boston yes
terday as follows:
Manufacturing companies-Great Falls $500; Merrimac
30 soA advance; Laconia, q advance New England Nj
ming Company u; f2oo sterling Massachusetts, per cent
.Ne,u York market Ibis dap, Al d. m-The stock
market was buoyant to-day 400 bales cotton sold
at firm rates; $50 barrels Genesee -four at As So
IS $751; was asked for some good brands. The
market considered little less firm after the re-
ccipt of the Liverpool news.
Nothing of consequence done in provisions be-
yond supplying domestic demand
Sugar and molasses still firm; rice and tobacco
quiet.
sold at &c For New Jersey good white and vel
low 20 cents demanded.
A fair lot of cloverseed was held at &c. No
change in whiskey.
Sterling exchange sells at 81 9. No change on
Paris.
Freights to Liverpool continue dull; more offering
to Havre
Yours, very truly,
MORGAN.
STOCKS
S.LEs-Nac York, March 10, lsI6--Fyrst board-l0o 900
New York SIS, 1861 l02; 900 do SIS 1873 1905 $500 Ohio
S. 1860, olt; 5000 United States 6s 1897 IiIt 5000
Pennsy vania 5s M 100 Kentucky 6 IOO1 Illinois
spell bonds 3st 100 Morris CANAL III 10 do 7t do 7s
$50 ycksburg as 10 do vi a26 Reading r. r. 7aj 900 do
"a; 100 do 49, 900 Harlem r. r., SOL 100 do 66i 100 do
57i $50 Canton Co.. 3ot; 100 do. 39t.
Second board40o Harlem r. r., 81; 100 Morris canal,
7I 100 Canton Co.. 4o3 100 do 40; 100 Long Island r.