The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-08-06
Per Hibernia steamer.


... "LIvERPooL, July lS, 1886.
"DEAR SIR: Your letters Of the 25th and Both
June duly received, with their interesting politica
and commercial information. Lord Palmerston has
announced the exchange and ratification Of the Ore
gon treaty, so that this knotty point is happily
settled; and should be most happy to hear Of al
adjustment Of your dispute with Mexico. Mr.. Nc
Dufhe, trust, wiLbe able to suggest some mode Of
early terminating the dispute without further shed
ding of blood. The age is approaching when we
ought to think of beating our swords into plough
shares; and nothing will tend more to accelerate such
desirable contamination than the introduce Of
free trade, free and unrestricted intercourse among
nations. We have set the example and other ma
tons will be more ready To follow it, than thew were
TO follow our bad example in the encouragement OF
monopoly. Lord John Russell has not yet come
out with his scheme of sugar dutes but promises to
do so in few days. trust it will be no half meas
ure, but that will, within limited period equal
ize the duties of colonial and foreign, slave-growp
included; he would, no doubt, meet with much OBJ
position in the present house, but on such founda-
ton, he may with confidence appeal to the country
ARa s As s: Ben ssaSsH b ~ IT,
vast accession of free-trade voters particularly in
the counties, that have no fear Of the resut and
that the landed propretors deprived of their
monopoly of corn, they will be ready to assis,
in breaking down the sugar monopoly.
"These vast and important changes must have a
powerful effect in promoting the commercial and
agricultural interests Of the United States The su-
garplaner will be benefited by the reduction of du-
ty his productions, well the Gro wi. grower
and grazer by the repeal of the duties on grain and
provisions. The cotton-planter has already his
trade free, and hope the period is not far distant
when change in your tariff will give an earnest of
the determination of the United States to free them
selves from the calling shackles of monopoly. w.
"Corn has been gradually declining in value; the
best American flour is worth 26s. per barrel. duty
maid Ahout am O10 harres have baap taG
this market since the change of duty and there are
said to be about 500 1000 remaining prices will. no
doubt be or less influenced by the state of the
weather. the critical period is near at hand when
the grain becomes ready for the sckle the crops on
the ground are indeed abundant, and in the south
some wheat has already been housed; but we are
later in this district; and for some days, the weather
has been broken and showery; and, from appearan
ces, may continue 30 for day two; but pro-
tracted period of wet would do infinite mischief to
the ripening crops. Az. .... .. ... p. .s
"Our hay harvest has been most abundant, and all
green crops have been much improved by the late
rains. a.., ..-... .s.
provisions are not in much request at present; the
reduced prices in your market have had depressing
effect. The consumption of lard is great and prices
have improved little; ordinary to fine in barrels
Dos. ass; and fine, in kegs, 35s. 37s. per cwt,
Beef prime mess per fierce, els. a 68s.; ordinary,
sos. $685.; mess, per barrel, 36s 42s. Pork
prime mess, per barrel, 54s. Cos. Mess, Sos. $751;
prime, AS 4Ss. Hams, dry, in canvass, Sos. sos
per cwt. ~ .. ......., a-.... r.., A. II. r.....
Indian corn, 27s. sos. per 4s0 lbs. duty paid
Indian meal, las. a 15s per barrel of 1876 lbs. a.
'Cotton market. There continues q steady demand;
but we cannot move prices much; they are about
higher during two weeks, although il is nearly GER
tain that the crop will not be over 2,lOO 900 bales
that the growing crop is very back ward and un-
promising; that our consumption is very large; and
that our stock of American is 100000 less than al
period last year, with less quantity to arrive
The importers are willing sellers, and spectators
show little disposition to operate; and prices are
kept down. ....
i'In the manufacturing districts there is good
home trade; but the demand for foreign markets is
yet limited; and we cannot quote any advance in
yarns and goods, though there is more frmness OF
late. Money is tolerebly easy with sixteen millions
of bullion in the bank; but many croakers fear thai
the large sums which will be required for railways
will gradually render money dearer, and keep in
check the produce market. Railways having become
more general object Of speculation, produce, such
as cotton, has become comparatively neglected.
Last week, ending the 10Th, $4,000 bales were sold
of which only 1000 to spectators. This week
they have taken more, say 5000 bales, with sales
of $1,000. 5000 bales sold to-day, including 800
speculation and export. . ed. .,rr..' 81 .-
az remain. dear sir, yours truly