The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-01-27
EDITORS CORRESPONDENCE,
From our regular eouespondentl -.
NIw YORK, January u, 1916,

The Hibernias news reached New York last
night about 10 O'Clock, and was Immediately de-
spatched by express To PHILADELPHIA and, imagine,
has ere Ihis reached Washington. 49,.
The tone OF the political news you will perceive
is important. Sir Robert Peel's ministry has been
reinstated with some notifications. Mr., Gladstone
succeeds Lord Stanley, who resigned as secretary
for the colonies.
The failure of Lord John Russell tn form min
istry was ascrbed To the refusal Of Lord Grey 10
serve in the same cabinet in which Lord Palmerston
should I'll the Office of Secretary Of Foreign Affairs.
The truth IL, there has been for sometime an effort
going on between the English and French govern
ments, 10 form and cement alliance, which Is
deemed necessary TO preserve the balance OF power
In Europe and elsewhere; and It is said an arrange
ment is contemplated for bringing about the ultimate
marriage of the Coun, de Paris with one Of the
daughters Of Queen Victoria.
IL Is well known that Lord Palmerston made him
self highly obnoxious to France in his management
OF the Tureo-Egyptan question. Had he succeeded
10 the ONCE he formerly held, the result might have
interrupted the anglo-Gallic alliance probably IN
progress Of formation.
The United States can never have anything seri-
Gus TO fear from permanent union of French
and English diplomacy. The people Of France
VIII no more be brought to union with England
than can vinegar unite 9th waisr Louis Philippe's
speech as usual refers To the future prospects OF
his family as much 10 those of France, aud plain
indicates his Partially for the Queen of England
with his desire, that whatever other foreign rela-
tons exist, as far he and his are concerned
he is extremely anxious that the most intimate and
cordial relations should prevail The good old king
is getting in the sere and yellow leaf He has reached
that time Of life when men become vastly interested
IN the amusements and prospects Of their grand
children. En- Bien! He has, with all, been a pru-
dent king and blessing to warike France; a good
husband and kind parent. :.
| Will discontinue the sketches had proposed to
| ronnlle a "A wary eandenasI form, n al
who were at one time likely TO form Lord John
Russels ministry, and Will hereafter select mem
bers Of the reformed Peel ministry, and particularly
the new members of 1t, as subjects for sketching,
&c.
The news is looked upon in this community AZ
strongly indicative Of peace, and as foreshadowins
the honorable and peaceful adjustment OF the Ore
gon question. As predicted, the fres-irade prinei
pies prevalent on both sides Of the wafer, If mutu
ally successful in their struggles to unfetter trad,
and commerce, would preserve the peace Of tn
world. Isolation and restriction lead 10 pays. Liberia
commercial intercourse and reciprocity fail u
promote peace.
| The anil eora-laio hague arc in earnest. Thu
they prove by their works, when at single meet
ing in Manchester they actually subscribed eco 900
or over $780, 900! .. ...
Cotton, as predicted in my letter Of Yesterday
improved ID, equal TO quarter Of a cent per pound
Dates from Liverpool to the Sd inst, state that
within the previous -four days, about 10000 bale,
had been sold almost entirely 10 the trade and tina
the advance noticed had been fully maintained. Tn,
cotton market is also frmer in Havre. In France
as in England, stocks were low in the manufactur
| ing districts, while in market it larger than j
was at the same time last year.
| am favored with the following correspondence
| from firm in Havre, which relates 10 the cotton
market, &c. at thatport: .. ......
"HAvRE, December 81, lS45.
"Since our last advices, our cotton market hal
/ been little more animated. Though the demand
has not exceeded the wants Of the trade, whose op
erations limited to their immediate necessities
they think, however, sooner later, with a coming
There is cotton in the interior, and IL is the gen
eral belief that the deliveries Of 1886 will be large
IS francs for middling fair to fair. II is supposed
spinners would prefer to lay in a stock. Our quo
tations for New Orleans are, for ordinary SO F, mid
ding 81 F, middng fair to fair 81 a So F. Stock
on hand estimated at 81 900 bales against 46 900
last year. In January, 1874 we received 47,0O0
bales We cannot receive the same quantity
next month. Our consumption this year has been
3l5 400 bales against 81 900 in 1874. Inferior cot
tons are now more in favor than they lately were
and may be considered to have advanced to the ex-
tent of one franc ~. . .....-s
American provisions are in some more request
... yours, truly"
The entire stock of cotton held in the United
Kingdom Of Great Britain in lS45. l055 27O bales
Do in 1874. Observation-Disclosures 03 l07 "
Do IN 1913. ........... 765,932 +"
Total imports do
In l845.... ......................1 656, $50
In 1874. l,6S3,7l0
In lS43.. ,742,44
Thus, while the imports of ls45 only exceed
those of l843 by about Ia 446 bales, the stock OF
the former year the latter exceeds by 269 336
bales. .' ..... "a .r" \ ".'
In Liverpool the -four and grain market had be-
come frmer since the restoration of the Peel minis
try, but no advance had taken place. ... .. 3
Potatoes were said to be selling at Is Cd. per
bushe of 80 lbs which is only about IS to 81 cents;
while in New York they are worth from 62I to Is
cents. ... .. D.. ... r.."
The following were the current quotations in
Liverpool, up to the sailing of the steamer, for the
articles, viz: $50 ...
fair Al; Orleans 3.a6; do fair Al; Mobile 3sa5 do fair
a.; Tennessee and Alabama 3ia4I; Sea Island IOa
lS; do stained 4aS Flour in bond per Dbl 27s 26s;
four sour, in bond per Dbl 23s Cd 25s; do duty
paid 32s 34s; wheat in bond per 10 lbs. rs Is Sd;
do duty paid IS cd ass Indian in bond per 4sO
lbs yellow Cos sd 32s; white 32s 33s; duty paid
yellow 35s 37s white 3ss 80; Querci,ron bark
per cwt Is Sd IS Sd; turpentine per cwt (nomnal)
los Sd lis 3D. .r ...# "GlH "''I n 2 ,
Tobacco was firm and the demand from manufac-
turers steady, and stock larger than it was last
year. Rice was very dull, with disposition to de-
\
also inactive. Cheese, tallow, &c, was in fair de-
mand in London, but dull in Liverpool. Iron was
frmer, and railroad shares were also frmer. 20
Consos for account closed at about "a, having
advanced from the previous decline of near per
cent. ... ,..E s~.-f s.t a#.. 10 t.f-'.a
The quarterly returns of the bank of England
exhibit the possession of gold and silver bullion TO
the amount Of about ELS, 500 ,O0O The rate OF
interest, however, was high among business men,
ranging from 81 to 5per cent. All foreign seeuri-
ties in the London market were down, and dull OF
| sale. ''t.' y" ~ @t"' wv" " '.'' F|. .'" n. ,
6 o'clock, p. m.-Contrary to expectation, uansac-
tons on change were very limited to-day 1t seems
too early, since the arrival Of the steamer for mer-
chants to make up their minds as to The course OF
trade. IS 50 was offered for 1900 or 5000 bar
res Of flour, and refused Holders were firm at
IS gu. Some small lots, for domestic consumJ,-
tion sold at IS rs. The two latter quotations NAV
be considered the asking prices.
In western provisions, nothing doing. Prices are
nominal, with disposition to decline.
There is still inquiry for corn at current rates
The packetship Queen Of the West, which sails
49, f,<~I L. A. en- NJ.