The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-10-06

he stated at about SO 600 bales with the advance Of
IA. per 10. on American descriptions being fully
maintained. The market for other descriptions has
also experienced rise. Brazs are more saleable,
and in some instances d. to Id higher. Egyp-
tians fully ID per 10. higher, with large business
doing on speculation Sea Islands Id. 10 Id, and
Surats fully Id per 10. The following table shows
the business done in cotton during the year 1916
and to the corresponding period of ls45;
lsl6 lsla Increase. Decrease
Exports Exports; iOG $40 ' SOsSs ls,i71
sale.. It91 200 iSis $50 9 "a ESQ ESQ
stocks, 697,29O 9607OO 26S,t6o
On speculation, a45,sso sosISO 2S7l27O
Now that the harvest is over, speculation is rife
as TO its results, and the effect which IL may have
upon the future range Of prices. These specula-
IONS TO some extent theoretical, are nevertheless
based upon a careful review not only Of our own
resources in the matter OF food, but they combine
also the position and resources OF other countries
variety Of circumstances have TO be graspe and
anal ysed before a sound deduction can be made but,
looking at home and abroad the general impression
on the minds of practical men is that the price OF
the primary articles Of life will continue TO rise, and
that the only country upon which we can with GER
tainty calculate upon drawing our supplies Is the
United States. u... .... ...... .......
Last year, it is notorious, owing TO the compara-
live defc ency Of the harvest, the stock in hand of
the farmers was early brought 10 market and ex-
hausted Locally speaking, there are now no stocks
to fall back upon The same remark applies,
though perhaps in a less degree, TO the different
corn-growing countries OF Europe. With the ex-
cepton of some parts Of Poland it is difficult to select
corn country from which supplies to a large ex-
tent can he hoped for The failure Of the potato
crop everywhere must in the nature OF things, In
auence the price Of vegetable food and, the crops
in France have failed this year, to satisfy the
quirements Of that country, we shall have new
and formidable competitor IN the markets OF the
world.
The price of food reacts with potent effect on the
price of every description OF produce that esery
man in busincss-in short, every member Of the
human family is amenable to its influence The
Irish government, in the spirit Of generous beraty
il determined that the people shall he fed; and to
enable them TO be so, public works, as we have
mentioned will be undertaken TO employ superfu-
Gus labor. But the making OF bridges and roads is
not cutvating the earth, that the means Of Civ
ing the people enough to do in this respect accom-
panied with a drawback which extends the evil it
intended to cure over greater space of time. Ii
is impossible under the circumstances, to arrive at
any other conclusion than that the price Of every
kind of grain will increase in value before another
harvest.
The proyerbial fckleness Of our climate has sus-
tanned its old characteristics in battling speculation.
The yield of wheat is better this year in the south
ern, worse in the northern parts Of the kingdom.
Upon the whole, the yield is hardly better in 1916
than in the previous year. Even now we hear the
cry raised that the temporary sliding scale of Sir
Robert Peel will not work under the pressure
to which it will shortly be subjected and parties are
already clamorng for Its repeal. Empty stomachs
break down stone walls; and it is possible-we
speak a review of what is passing at home and
abroad at the present moment-that change in the
law may he rendered imperative before the next
meeting of Parliament An order in council may
vet be issued for the Admission of all descriptions Of
grain at a merely nominal DUTY. We do not say
this from any desire of being thought aarmsts but
the fact seems undenabe that large importations of
grain to England-indeed to almost any Of the Eu-
ropean ports-will repay the venture of American
shippers. ..
Foreign and colonial produce also sells better BY
private treaty good deal of business has been done,
and as holders refrain from pressing the market,
prices, if not absolutely higher, may be said to be
frmer The healthy state of trade, and the full en-
ployment Of the working classes, are amongst the
causes which have led to this result.
Foreign stock, particularly Mexican, Spanish.
and Portuguese, owing to the unsettled state of
those countries, has receded.
The IRON TRADE, &c.--From return ordered by
Parliament collect some interesting items rea-
tive to the iron trade. The quantity of foreign iron
imported into Great Britain during the year ending
the 5th of January, 1886 included 220 tons of iron
in pigs, and 80, 400 tons in bars, unwrought. The
value of The wrought iron and steel brought in
f2l 1877 Sweden supplied nearly all the iron in
bars that was imported A small portion Of this
foreign iron was re-expored from England. The
exports of British iron from the United Kingdom,
in the year ending the 5th of January last were
SCI tons of pigs, 1853 S62 tons of bar 1909 tons
Of bolt and rod, 1886 tons of cast l,949 tons Of
wire, 2,974 tons of anchors, grapnes, &c, IL 1888
ions of hoops, 6,463 tons of nails, Sc 64 tons Of all
other Sorts Except ordnance 1880 tons of oldiron
for remanufacture and OILS tons of unwrought steel
Prussia, Germany, the United States, Russia, and
the British North American colonies, are our best
customers. The quantity Of British hardwares and
cutlery exported from the United Kingdom to the
9Th of January last, was 20,754 tons, and the de-
clared value, 90, 1875, 999. The United States of
America took by far the largest quantity, the value
being e7l9,324 The British North American col
ones received to the amount Of 5f200 ATS; Germany
of 9159 459 the British territories in the East In
dies, Of ell9 1896; and the British West Indies of
eS0,4 The value of the British machinery and
mill work exported from the United Kingdom in the
year ending 9Th January last, was e904,96 of
which Russia took 6ll6,s04; Germany, ella, BAT;
France, 9l0307S; SPAIN eos 1887; the British North
American colonies, GAG 2S6; and the United States
Of North America, f44,6ll.
Liverpool Times, Sept. 10.
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