The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-11-10

lsf July lts provisions present nothing Of interest
20 foreign readers; but they enact than once,
thai whatever privileges shall be afforded 10 the
commerce Of foreign country shall be acseded also
10 Russia. "
An event Of some political importance has lately
occurred. The chrage d'afaires Of France has
dinsd with the Emperor. This 10 the FIRST time such
thing has happened for many years. II Is con-
sidered TO betoken the probability Of the establish
ment OF friendly relations between the court OF ST.
Petersburgh and the Tuileries. Hitherto they have
been at daggers drawn, and have not even kept
ambassadors at each others court.
Tahiti.
A despatch has been received from Captain Braat
dated Papeti, June 8, giving account of two en-
gasements with the insurgents Of Tahiti on the 18th
and Both May. With force Of 800 soldiers and
marines and 300 natives, the insurgents have been
driven from their entrenched camps at Papenoo and
Punayia. A brisk fire opened upon the main
body OF the French, and masses OF stones and
rocks were thrown upon them from the tops Of the
mountains which overhang the valley. M. Bruat,
after recommending the enemys camp, considered il
| impregnabe, and declined TO attack II.
The Corn Trade OF Europe.
| From the Mark Lane Express Oct 10
The important rise that has taken place in the
value Of wheat within the last two months 10 conse-
quence of tho extensive failure Of the potato crop,
has drawn general attention to the corn trade, and
led TO some very singular remarks from writers for
the daily press Most OF these gentlemen appear 70
overlook the real cause altogether and attribute the
| advance IN prices OF provisions solely 10 undue
speculation. That well-informed commercial men
should have foreseon that the effect of loss Of one
hafor three-fourths Of the potato crop would be 10
enhance The value OF grain, we quite willing to
| admit The result Of this foresight naturally led
them TO make investments in am Article which was
likely 70 yield profitable return; but SO far from
this being an evil, disposed 10 look upon il
as positive good. The prices may, perhaps, have
been run up somewhat more rapidly than would
have beep the case had there been no speculation;
but II The failure Of potatoes be indeed so extensive
II is believed TO be- the rise which has been estab-
lished in prices OF wheat must prove beneficial in
variety OF ways. In the first place il will be the
means OF causing economy in the consumption OF
wheat, and lead to less valuable substitutes being
employed whereby ultimate wan. may, in great
| Home-manufactured -four had moved OF rather
tardly, and the ilers have not been enabled 10 es
tablish any further advance Free American flour
has been in fair request at the full currency of Mon
day last; and for bonded parcels there has been a
speculative inquiry, which has led 10 a rise of Is
per barrel 35s. having actually been paid for par
eel Of fine United States -four 10 bond
The market has been sparingy supplied with
oats, only 1882 qrs. having arrived during the
week, inclusive OF 40 qrs. from abroad. The prin-
cipal dealers have conducted their operations with
even Bfcalcr tndn before, ana have deter
mined to work up their old stocks before they con-
sent to pay the rates now demanded. Toernbly
good Irish oats have been held at 30s. TO 3ls and
the finer kinds Of foreign 2ss. to Dos; whilst Eng
lish and Scotch, Of which the quantity in the mar.
ket is very small, have been held still higher.
| The enormous rise which has lately taken place
in the price Of Indian corn at Liverpool, has had
more or less influence on the value Of the article
here; but, for the want Of Stocks comparatively lit
| tie business has been transacted.
MARX LANE, Monday, Oct. 10 The show OF
wheat by land carriage samples from Essex, Kent,
and Suffolk tolerably good this morning, but
factors manifested anxiety TO press business
Some large purchases were made by factors for
shipment, il said to the north, and though the
millers did not buy freely the stands were cleared
without difficulty, at prices fully high as those
current on this day se'nnight. The condition OF
the wheat was scarcely so good as il has been OF
late, or enhanced terms would probably have been
made.
| Foreign wheat met with fair share of attention.
and the business done wns mt terms quite equal 10
those previously obtained. We heard of no sales OF
| bonded wheat. .
Town-uade -four was taken sparingly; ts pre-
vious value was, however, firmly supported, and
American barrels were the turn dcarer.
Indian corn being held very high, few bargains
were closed