The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-03-21
From the ssme.l
NEW YoRx, March 90, lS4t

NEW FORK, mdrcn ", 1910.
Presuming your columns will be much crowded
with foreign news, and the proceedings Of Congress-
shall do little than submit the following in
teresting commercial letter from the head of highly
respectable mercantile firm in Liverpool His in
telgence and position is such to entite his state
ments in reference to markets, business movements
prospects, &c. to great credit. He is strong anti
corn-law man, and liberal generally in bis views,
although an Englishman, and sincerely desirous of
seeing the peace preserved if possible, between the
two countries. Due allowance will therefore be
made for his political opinions Accompanying his
letter please find Liverpool price current and cir
cuiar Of Mcssrs. VIM Carter, e. Co.
"LIvE RPooL, March 2, 1886.
"DEAR SIR: duly received your favor of Jan. 3lst
the contents Of which were highly interesting. The
Sheridan brings few days later intelligence from
your port, up to the 9th utimo. Her commercial
advices do not convey much Of additional interest;
but the political accounts give stronger hopes Of
pacific termination of the Oregon discussion. Moth
ing can exceed in absurdity and folly the speeches
of some of your legislators on this important SUBJ
iect unless perhaps tho oratons of of our mo-
nopolists during the three weeks discussion on the
corn-laws, which terminated on the morning of the
28th ut., in majority in favor Of the House going
into committee of 81, where, hope, it will not be
long detained, though the minority will, fear, take
every opportunity Of throwing obstacles in the way
There is some hope, however, that the repeal of
these obnoxious laws may be made immediate, in
stead of being delayed by reduced sliding-scae
for three years. The Richmond party, in the
House of Lords, will no doubt use every exertion
to thwart the measure, but their efforts, think, will
be vain. Should they, however, succeed, the spirit
of the country is now 80 reused and determined,
that they would only bring wasp's nest about
their heads which would soon sting them into SUBJ
lection, and crush forever their tyranncal domino
ton. The people are daily becoming more educa-
ted and enlightened, more alive to their own inter-
est and their own happiness, and will no longer
quietly submit to be trodden under foot.
"During this protracted discussion, famine has
shown itself in several districts in Ireland with it's
attendant evil, disease; the supply of potatoes is
nearly exhausted, and if some relief be not immedi-
ately afforded, tho consequence will be dreadful.
Would that might fall on the heads of those selfish,
hard-heared monopolists, who have done all in their
power to aggravate rather than to mitigate the aw-
full scourgc.
"The pas, month has been characterized by Sc
reus depression in almost all commercial transac-
TONS arising from political uncertainty and unusual
scarcity of money and general distrust. Several
largo failures have occurred, one in particular
Stockdale e. Son, soap-boilers and merchants, Of
this porto the extent Of $3.50, 900, which is likely
to prove a very bad estate the creditors numer-
ouss ONE Of them very large in amount, particularly
one of our banks, and some Of our palm-oil and
tallow importers. The large amount of money
being depostes of railways now before Parliament,
has seriously cramped the cireulation this however
will now be gradually brought into circulation again.
but there il every fear that money will
tinue scarce for some time to come, Al new calls
from railways, TO heavy amount, will, from time
to time, have 10 be made on such obtain their
bills; much of which will be drawn from persons
engaged in mercantile affairs.
"Conon rnrkef.-The business done this month
has been to a fair extent indeed, cotton has been
almost the only article which could be converted in.
to cash, and many are the sacrifices which have been
made on sales Of this article. Tbs decline in price,
during the month"; is stated at laid large quantities
have been sold at much greater depression; the mar
ket, however, 10 now more steady, and the advces
from your side, TO the prospect OF the supplies,
would, under ordinary circumstances, have occasion
ed some advance. Sales Of the past month are
l36 900 bales of which 900 on speculation, and
600 for export with imports 81 900 bales the quota
ton for fair uplsnds 10 ~; Mobile and New Or
leans, Al; 40 that the loss on the present imports
is very serious. Our present stock OF all descr'p
top. in SO7 600 bales, being 20 more than at same
time last year. The Manchester market partakes
Of the general depression and the sdviccs from the
East Indies are by no means favorable to shipments
TO that quarter. You will see in the papers an ac-
count OF the bloody battle our troops have had IN
the Punaub which resulted in the defeat OF the enc
my, though At an immepse sacrifice OF life on both
sides
"Tobaeeo markell have no change to note; the
demand continues moderste the sales Of the month,
orc bogsheads. Kentucky leaf, I'd. a Id; stemmed,
3id Sd; Virginia leaf, 2id. 3d.; siemred, 3td.
4 SAD. and Cd. Our stock 10 Il, 500 hogshcads,
against II, 400 sstyesr.
acorn market has been depressed during the
month; no one knowing how to act, during the un.
certainty OF the parliamentary discussion. United
States sweet Hour has besn sold IN bond At 2es. q