The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-06-17
Extract Of letter from NEG York, dated June 18Th,


1916.
al made another experiment of sending you about
81 worth of news by telegraph to-day, announ-
cling the arrival of the Great Western, and giving
you some Of the leading items Of her news, which
trust may have been more fortunate IN reaching you
than communications hitherto made. The news, in a
commercial point of view was considered very I'M
favorable for American produce. Flour had de-
clined well as breadstuffs generally. Cotton,
after being very dull, revived again 10 some extent,
on the day the Great Western sailed.
"The political news, beyond the almost certain
passage Of the corn-law bill, not of much i'm
portance. Prince Louis Bonaparte, after about six
years. Imprisonment in the castle of Ham, had sue
ceeded in making his escape, probably at the con-
nvance of the government
81 beg leave TO submit the following brief and
interesting letter. received to-day from my friend and
correspondent IN Liverpool:
"LrvERrooL, 29th May, 1886.
"'DEAR sIR: Since addressed you per steamer
of the 18th instant, have received your interesting
political and mercantile adyices OF It'll and 18th inst
the latter announcing declaration Of war against
Mexico, which is much to be regretted, for the
fame of war once kindled, it is impossible to say
how far il may spread, when 1t will be extin-
guished. Though the Mexicans may not be so
powerful the United States, war will unite them,
and they have within themselves powerful means Of
resistance, which may be increased by the aid,
covert or direct, of some other nation. General
Taylor is evidently in very perious position, and
without speedy reinforcements, may fall.
" THE news as yet (received last night has not
produced any material effect on the cotton Market
the sale of to-day are about 5000 bales, with much
frmness, and the sales Of the week, ending to-day,
81 900 bales--of which 8, 400 on speculation, and
q 400 MISREPRESENTATION change In quotations, they
being the same as the previous week, when de-
cline was quoted The annexed circular will give
you statement Of stocks, &c. In the manufacturing
distr hus dulI Int will
as the season advances The markets of India and
China afford little encouragement. The final set
Element Of the corn question will improve US, and
that is no longer doubtful as the Lords last
night decided in the second reading, in favor of the
bill, by ma onty of Al, including proxies, and with
a majority Of 10 present. They go into committee
on the lth of June and during that process prox
les are not available, but they have fortunately
majority of twelve without them; and hope they
viii not allow discussion to delay the important
event.
"'About the Oregon question there is little said
at present. and | fear it is yet far from settled.
Considerable reinforcements have been sent to Ore
gon via Hudson bay from whence a practicable
route has been discovered, which will not occupy
over 70 or 80 days. large squadron, with
for the westward Their ultimate destination not
known.
"sCorn markets are very dull, and declining; and
we have the most propitious weather for the grow
ing crops of grain, which in most satisfactory
state. United States flour, sweet, in bond, 23s a
25s per barre Indian corn, 37s. Ais per 4S0 lbs.
Foreign wheat, IS. Sd. Ss. per 10 lbs 1000
quarters of inferior Mediterranean Indian corn was
sold at CTS. Cd. 33s.
"In provisions there is not much doing.
| "'Tobacco exceedingly dull, though without any
| positive reduction in price. The manufacturers,
seeing large stock, purchase only from hand to
mouth.
"tIt is generally expected that there will be some
important change in sugar duties
/ "'The new tariff of customs duties has been
read first time in the Lords, and will eventually
pass; and we should be glad to hear that your du
ties were reduced but the war will call for extra
duties. ..r t'.. ".
| ,.... Il remain, dear sir, yours truly
"'P. S. May 3o.--Nothing particularly new this
morning--no stir in cotton; funds down per cent
Mexican stock down II per cent. Premium of in
surance on American vessels from the States 60 pei
cent Shipment Of goods to America stopped W.
shall 10 ok anxiousy for further news from YOU
side The weather most fne-que summer. Corr
market in the dumps. Only $4,000 bales cottor
known to be on the way from America. Last yea
from this date to 18th June, 100000 bales were re-
ceived. Surely cotton must be higher ere long
"rhis market was entirely unsettled to-day by tn,
receipt of the Westerns news. Stocks went up; bu
nearly every description Of produce was stationary
| or went down.
/ 10000 bushels sound western yellowish, rel
| and white western sold at AZ cents
/ "Flour, Genesee, was quoted at $4a "a l2i.
i heard of no sales worth reporting.
i "No cotton sold worth notice.
i CHESS pork was sold at $40 so; another lot, o
superior quality, was held at $40 IS
mo change in exchange or freights.
! "Yours, respectfully"