The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-04-22
EDITORS CORRESPONDENCE.
From our regular correspondent

| lfrom our regular correspondentl
New YoRx, April 81, 1916.
The aipal Of The Caisdona.-- Gloomy state Of
financial and commercial affairs from Iadio
had filled public aiisatoa.Staae and prospses Of The
cotton markst,--Indian corn, and Us adpa,rins paL
w.-Lsitsr from Ltpsrpooi.--Wm upon commerce
in The Uniied States, and is s6seis.-uarksts this
day, &c. .-t .I......... .,I....
Knowing your columns will be much crowded
with foraign news and congressional proceedings
shall do little ose than trouble you with the fol-
lowing interesting letter written TO me by com
nercisl friend IN Liverpool, TO whom am indebted
for other letters previously published in the
"Union." o.. ... #..nr N..u. a. ..r. sad.
You will find that the facts and views expressed
in the letter. and the tone OF the commercial news
generally received by the Caledonia, fully sus.ains
the statements have heretofore put forth in the
columns Of the "Union.n The money y. market pres-
sure would seem 10 have rather increased than d.
minished. Cotton within the lsa month had reced-
ed ID, and regsined IL, the belief at ast enter
lained in Liverpool, that the crop would really not
exceed 100 900 bales, while In thus country foS
or none now believe il can exceed 2,o00, 900, and
may fall below II; consequently, this recovery of
3D. in Liverpool had been more than anticipated by
an advance in New Orleans, and in this market
The consequence is that since the receipt OF the
news to-day, some 300 bales have changed hands
at terms easier to the purchaser. -. .. 49,.
The iron trade seemed to be almost the only aour-
DTdHCn Oh Du5lncSo, pfnClDdl-
ly by the demand for railroad iron. -.
The English press and people seemed TO be SO
much taken up with the exciting news from India
AZ to lose sight Of Oregon, and almost everything
else. The English may be said at last to have occu-
pied the gate to India, and after much hard fighting
stand a chance OF making the Sikhs pay goodly
portion Of the expenses.
The only article of breadstuif which had advanced
was white Indian corn, the value Of which is
quoted in the letter below. In this market, as well
as in Philadelphia and Boston, until since the Eng
lish demand has grown up, the hard Hinty yellow
northern grown Indian corn, sold several cents
higher IN the bushel than the white western and
southern grown. The change will work very ad-
yantageously for the western and southern farmers
Who while white corn sells several cents in the
bushel higher than yellow owing to It's more ready
combination with -four for bread without discolor.
ing the bread when baked, will receive better
prices than heretofore for the fruits Of their labor
OF all the Indian corn grown in the United States
more than ten bushels Of white grown to one Of
yellow. The only drawback arises from the fact
that the weight of the white is quite sogreat
that of the yellow. Ii is always sold in England by
weight of 480 lbs to the quarter Of bushels. The
growers Of Indian corn have now brighter prospect
opening upon them. An advance in the value OF no
one article of breadstuf can so extensively benefit
the valley OF the Mississippi as that in Indian
corn.
LIVERPOOL, April 3, 1886.
"DEAR SIR: am much obliged by your interest
Ing letter of the 28h February, which unfortunate
ly was, with many others, too late for the Boston
steamer, and did not come to hand until the 2Sth of
March, per Joshua Bates The latest adyices we
have yet from your port, are of the 5th ultmo.
Several packets are now due. Some N. York vessels
bound for this port are reported having put into
St. Thomas in distress. There has no doubt been
some very severe weather in the Atlantic during
last month 1919
,.Thoro q. NJ ;,,,or,a ~, 81 49,. 30 - :. IL
of trade generally; il still continues exceedingly dull
even in the manufacturing districts, which may be
attributed mainly TO the circumstances which have
been before alluded to-such a. the scarcity Of
money asisirg from the oserspecalatiouinrs railways;
large sums locked up on such account In the hands
Of the acknowledgement; and there are very few
who have not more less money invested in scrip,
which is at present oflte or no value, at all events
not available capital There has been great delay in
passing the cornbl, which as yet has only been read
second time in the Commons, and is further delayed
by the discussion on the subject Of the Irish coer-
cion bill Indeed IT is not expected to pass the
lower house before Easter; and some are disposed
70 think that il will be rejected OF mutilated in the
Lords. have not, however, much fear Of this
They are again alarming US with reports of spill
in the cabinet and dissolution of Parliament; but
not much confidence is placed in such reports. The
advices from India are most satisfactory. Our
army has been completely victorious, and the war
is now at an end, as you will find from the news
papers. Let us get the tariff passed the railway
legislation completed, and the Oregon question salts.
faetory settled, and shall have no fear for trade
A stimulus would Immediately be given 10 COM
merce, and we should again have prosperity, par
ticularly il your government follow the good free
trade example which we have set them. Nothing
would tend more to promote the prosperity Of the
United States, and to insure the continuance of
peace than the reduction Of your tariff to mere
revenue standard; and have little doubt thai
La, .1It,, knoo Il
sal. ,.r.- .......,. ....., .-.,..... ,..,,.....
"Cohon markei.-We have not experienced any
material change during the last four weeks
There has been steady demand averaging
about 10000 per week, say l2O,66O bales, be-
sides 500 forwarded to the spinners from the
Spectators, and $4,000 by exporters; and the i'm
ports Of the four weeks are $4,000 bales. Our
stock is below that Of last year. being 1888 $50;
Of which 525,600 are American, against last wear,
509,s70; of which 573,l90 were American; and
prices are only about one-eighth per h. higher
than month ago. The stocks in the hands of
spinners must be much reduced, as they appear to
have taken from this market, during the last six
months only on the average about $4,000 bales, of
all sorts, per week. and their consumption is esti-
mated at about $4,000 per week. ~ III
"The demand has been somewhat improved OF
late, by the strong indication of moderate crop,
judging from the report Of receipts into your ports,
as compared with the two preceding years. MANY
persons here feel confident il will not exceed 2lOO,-
900 bales. From the reduced stocks and higher
prices on the continent, we may look for a continu-
ance Of good export demand, There has not been
any relaxation in the consumption here; the spin
ners are all in full work, though the demand for
yarns is at present dull, and stocks accommodating.
Some Of the weavers not in full work, and will
continue to reduce their production, until there be
some improvement in the demand. The laborers,
generally, are pretty well employed, and the con,
struction Of the many railways will tend to keep
them so. The price Of animal food is high, but the
price of bread is much the same it has been for
some time past. &c.,. ., ....... ........ ...r...
"The prospect of the repeal Of the corn-law has
kept it in check. Indian corn is coming more into
consumption and there is a steady demand for it at
34s. 37s. per 4S0 lbs in bond, the duty being Is
per quarter, United States four in bond, 26s. 3D.
27s; the present rate Of duty being los. l0d per
Dbl, and on wheat lSs. per quarter, which is sell
ing, in bond, at IS. 3D. a Sd. The latter price might
be obtained for good Ohio. Linseed cake is worth,
for English, f9 81 IS. per ton, and foreign es
f8 los. per ton. ..,. .......- d. l.. ......
"For American provisions there is but moderate
demand thouph the arrivals have not been extern