The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-05-21
THE q MON.

inent had become far favorable thar fa0O 900 in gold
had been received from Paris and considerable sums were
expected ifom Russia, the Baltic being open. Tho
If Europe IN respect food becoming urgent
md prices rising rapidly in the leading districts
law had passed the Belgium chambers si,spending UNI
I'll September, 1873 the laws aud France about
10 likewise bill had also passed the French Chambers
blowing the Bank of France issue OF 200 francs
SiO-a measure designed supply the present deficit in
coin but which WILL according all experience make 1t
more scarce The money pressure in England had become
very severe, and prices and business of all felt
verey except gran of which sales small and prices
firm rom which may be safely inferred that stocks
very small Cotton had suffered decline from the
pressure as well descriptions of goods and from
this circumstance large mporations OF lowpriccd British
goods may be looked for in the fall 1t is to be disguised
that the nature of the crisis in England is very similar
that which overlook the u States in 1886 In those years
speculation, through the aid of bank paper produced great
consumption, while it diminished production and nsolven
cy followed The railroad specuations of England have
produced similar results In three years 300 roads have
authorized extending 1900 miles, and
81 O00OOOOOo These works have been for the most part
process OF constructions making large demands upon the
floating capital of the country The result is that the peo
pie OF England were better employed in greater
degree possessed of the Of enjoying the necessare
and many of the Injuries of life than only during the
past year, but down the present time The evidence Of
this exists in the fact that the quantities OF all consumabe
articles entered for home greater than ut the
time the exports of British manufactures less than
usual The following table of imports and exports of
Great Britain for the month of January;
IroSr' January ErroHr'; January.
Tea lbs. 377O66s 4O39s02 CottoDs, I6339sl 4siss
les. 3,226,5i0 a062 Linens,
Tobacco bs 2l09 500 2497 l67 Woolens,
sugar cwt, 392,6il 5s935' Hardware, l5as22 l6+2O5
gallons, ss9.65i eii300
Total, fs.2s2ss 3,o77 9o
Hence you viii perceive that the consumption of for
eign produce, amid all the distress for money and
high price for Bread is going at rate altogether
Unprecedented. The rail companies raising money
from all quarters and the expenditure promotes this
consumption, while the labor employed is not pro-
merely constructing roads England is not usual
pending her labor upon produce and selling at
profshe is putting it into roads. The calls of the com
panes since January El6 900 900 and
as they are still going on the demand for produce will
much be abaed The great rise in the value of money
WILL however, check the calls Of railroads. and stop great
deal of their expenditure has already seriously affect
ed the exports India for which trade goods usually
bought long dated paper The working short time in the
manufacturing districts has affected the consumption of
the material 1900 bales per week-it being 5000
against 80 600 last year. Great distress is being promoted
from that cause and any important reduction in railroad
operations be iraught with serious consequences
The exports of produce England must continue large
earlier than usual, and this year month later, the
his year for Ii months The business Of this port for
the let half of the month of May has been follows
Imports at port of New York, May to 10.
Specie. Free. Dutiable Total. Duties.
.