The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-01-19

90 THs Rrclsrrn viii be furnished them on
ring the past week in the mercantile transactions of Lv
erpoo is advance in the prices OF both and cotton
the two markets which exercise the most important in
iuence on the prosperity OF the country.
In regard TO corn, the supplies of all kinds of grain
having been light during the week, part owing 10 the
prevalence OF eastery winds, and purchasers for Ireland
operating pretty freely, wheat has advanced I'd. TO 3D.
per Iobs, and Indian corn to els per quarters most ex
orbant price and entirely oceasioned by the temporary
street that the sales made Irish dealers 90 Immediately
into consumption, while Others believe that they merely
tend to l the stores and shops in Ireland instead OF the
warehouses in Liverpool, large number of .smddle
mem having all at once sprung into existence in the
Irish towns IN consequence of the corn excitement,
There are parties, even who believe that many OF
the purchases nomnaly for Ireland are on account of
Spectators, and still remain this side Of the channel
nssy T bps are most N the LIVERPOOL corn
maintained for any length of time
Some Of the continental ports which closed in the
middle OF last month BY ice having again become opened
The navigation of the Neva up to St Petersburgh was
unimpeded BY the accounts received to-day, and also
that o. the Eibe, to Hamburgh This will have the ef.
feet OF increasing our supplies of corn from the north of
Europe
The cotton market has taken considerable start this
week, no less than 1920 bales having changed hands,
which is nearly equal to onesixh of the present stock
in this port With reduced estimates by the Boston
steamer OF the yield OF the present crop of the United
mands of holders and prices have advanced one arhng
to three-eghths OF penny per pound on American de-
scnptlons. Spectators have taken OF the above $4,000
bales exporters only 500, and spnners 3o,S7o bales
quantity somewhat above their consumption, which gives
evidence of their very reduced stocks. AS powerful
struggle has been going for time past between
the spnners and importers and the latter having gained
the upper hand il would be hard to begrudge them Their
well-earned position still those not the cotton market
view with considerable apprehension the present excite
men as they consider that further rise in the raw ma
teral would be national calamity, and nfct injury
on the working population. We cannot however,
crate spinners from having played foolish game for it,
instead OF applying their gains of the last year two to
increasing Their working power, they had locked up
portion in stocking themselves with the article they
would not be- as they are at present. completely conered
Those of small means will be the first victims of their
own mpradenee Great prosperity in any branch Of
cotton spinning is not likely to exhibit exception to
the rule Another serious evil at present before is,
States will for time be exceedingly hazardous, by
the augmentation OF prices IN America; and, as we DO
at present possess than four mounths consump
ton, the remaining eight mont supply to come forward
out of the present American crop will give to the United
States twice the advantage be obtained by the present
holders in this port
We happy to observe that trade has been better in
Manchester during this week than the last The accounts
from India and China that have TO hand during the
week. OF an increased demand for British manufactures
in those markets, the primary The prospects of
early revival of trade in the woolIen districts is also
| becoming apparent.
The letters by the steamship Britannia which were de.
vered on Tuesday morning, generally contained reduced
estimates of the cotton crop Those which the great
iss' Wesen ss mol
at New York OH the morning OF the 10th ultimo; bur,
from the progress she had made when last spoken would
in all probability reach her destination the evening of
that day.
The Following is comparative statement Of the crca.
laon of the Bank OF England gazeed yesterday, with
that OF the corresponding period of last year:
Nov. IS, 1916. Nov. 90, 1915.
Notes issued f2s, 313,545 f28,733s10
Seven day, ond other bills S92,3j5 I,O455H
Total issued as.ao5,ooo a7,77e,ss4
Deduct notes in the banking
! department S,323,7l5 5,932,343
Total in circulation 2O,ss0,l55 2l,s47,O39
Total amount OF specie held
| in both departments of the
| bank f15,00S,132 f13,236,s4S
The above exhibits decrease in the present crcula
ton of 1884, and increase in the bullion OF gl
I'll 264 In comparing the present with last week, Nov
PSI and increase in the bullion Of esf,36Q.
The steamship Cambria which left yesterday for Bos
ton took out about f25o0o in specie Other shipments
of gold have also been made to the States during the
week. but the aggregate amount exported 10 not equal
to that of the bullion imported into Liverpool in the same
period.
The following the closing prices OF consols for each
day during the week:
Monday, 95a TO 95s Thursday, 95t to 95s
Wednesday, s5S to Isl Saturday, ssi to ssi
LIVERPOOL. CoTToN MARKET Saturday, Dec. s. p. NJ
Cotton has, throughout this week, been in unusually
ensve demand from Spectators and the trade have also
bought freely, while the market has been barely sup
Piled and closes with buoyancy at an advance OF ID to
can Egyptian is in general demand, at advance OF
Id per b. In Brazil large business has been done in
r. RbP partly n on A. an a Of ri
prices In Surat very extensive purchases have
been made speculation, and large business done by
the trade, advance of fully I'D per h. The sales OF
the week amount to oaO bales including on specua
ton, "a 900 American 700 Egyptian, 300 Maranham,
and 1900 Surat; and for export $50 American 10
bales American and 100 Brazil were forwarded INTO the
country unsold last week.
4