The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-09-15
COMMERCIAL.
From our Commercial Correspondent.

New YoRK, Wednesday, Sept l3--i p. m.
The arrival of news from England confirmatory of
the fears before entertained in relation TO the harvest has
changed in degree the of the f. trade The in
i''enee OF the export trade upon the general welfare OF
trade is to be well under by the civ er
chants that they lose confidence in the future and show
far less disposition sell credit the dealers of the in
terror if the foreign demand for breadstufs dull and
prices heavy. lite practical experience is worth volumes
OF theory and when after the large exports OF last year
both importers and manufacturers found prices improved
and business active they loss divine tn,
They felt that 10 improve the means of the
consumers OF goods buy far more effective mode OF
promoting their interests than 10 reduce the supply OF
merchandise by the creation of an artificial monopoly
which, while kept foreign goods also destroyed the
export trade As they rightly ascribed prosperous export
trade the improved of their mess, did they
regard the low prices and diminished exports OF farm
produce augury OF small future sales and increased
difficulty of procuring payment passed OIL credits In this
frame OF mind although disposed to sell low for cash. they
less anxious Luyes credit The late
by changing the whole aspect of the export trade has i'm
parted confidence sellers of goods and bust
has resulted The aodnay quantity OF food which
England is likely require, may in some degree be
piled from the continent of Europe, which in bette
condition TO meet large demand than in 1876 but United
States produce must nevertheless find large market The
British harvest of 1917, realized in August good, YET
the quantity of foreign food taken into consumption Great
Britain in aid OF that good harvest of I8 has been larger
than ever be fore, as lolIows
Grain and tour imported into Great Britain the gear
ending June 30
Grain Corn Flour Total
July ls to JAM 1913 36255sl l,536656 5656A 05l
January July, isls 5is,i6i e5a7ss a5s7sl sasslOc
Total for months sss
OF this enormous quantity imported in the year ending
July, 1913, but nominal remained in bond The
quantity imported from January July much less
than for the first half of the year. The and navga
ton had again been put in operation, however The
probabilities are, that both these will be again and
finally the trade at least in freight and
corn, entirely free The chances that the planting
potatoes will be again resoed speedily and large
and lucrative carrying trade will result from the greater
supply OF corn, to be used in room of that root.
The influence of the renewed considerable export oil
farm produce upon business generally will doubtless be
favorable. The quantity of goods imported into the
try this year probably large before although
from the low range of prices, the Uaie high
great deal of the labor of Europe has been got for
little money Therefore, although the prices of farm pro-
duce have been less than last year, probably the value real
lied in return has been great Nor has the value of
ports been much less, many have supposed. Thus
the value of produce received New Orleans, and the
proportion exported to foreign ports for the year ending
August 81 together with the arrivals of specie that
point and the of specie in bank for several years.
have been follows