The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-11-25

The low prices for specie and cheap rates money
favorable the sale of American produce, and
tinued fall in exchanges which may the pro-
crosses, induce return of specie The three items OF
money labor and rial favorable to
production cheap goods now the first may be had
per against 10 per cent at the same time last
year. The average price of New Orleans cotton in the
week ending November was Id, say cents per lb.,
against Cd say II cents in the week last year The
ption being 100000 lbs per week, makes
a diIe renee 400 900 per week in the of the
material. Should prices Of breadstuts continue reason
ably low, consumption of goods may in England
vive a considerable extent, and with the improved
prospects of the Asiatc markets. stay the decline Of
under the threatened large crop The prospect oil
the supply of home grown food in Eng land is good
the past harvest has been both short and damaged ];
and the weather adverse to ploughng as to give
fears in relation the spring crops The question
has been before the public for long time, whether the
production of the land in Great Britain in bread
has been reached and if she is tereiore de-
pendent upon foreign countries for not only all that she may
require make good short harvest but also supply the
annually increasing of her people her capacity
to produce This question, apprehend admits of TWO
interpretations The land of Great Britain may by the
application of labor, be made to produce far more than
even its present large production The average produc
ton wheat in England and Wales, is given the bes,
authorities bushels per weighing in good seasons
so 81 lbs per busheI Notting will average rs bushels
the In the State of New York; the average is
der 20 bushels the 1t by parties supposed
that the quantity produced from is limited only by
the labor expended upon it, Some soils will, indeed, yield
given quantity with far less labor than would be
quired to extract the amount from poorer SOIL
but that labor may almost indefinitely enhance the yield
Now, in England the production of the soil has been
greatly increased by expenditure of labor but the cost Of
breadss produced far greater withthe ,axeswhch
stated "a so per quarter, added-han the cost OF
wheat other countries together with the expense trans
portation. The corn-aws have hitherto compelled the
people of England 10 pay price for breadstufs which
would remunerae the grower Tor the extraordinary labor
bestowed but that labor must yearly be increased, and
consequently the of the product while facility of com
municaton in the United States is constantly reducing the
rate and while food may be furnished. 1t follows, that the
Marked and the necessity for applying the labor in d
recton by which wheat may be got for it than by
applying ii to land, apparent week spent in
| uacnring goods may produce eight bushels of wheat
when the labor spent farm would produce four
bushels only Thus, although the land of England by
oabor might be made produce double what
Does afford bestow that labor until the
ofthe United States and Europe become densey
that the food cannotbe supplied her at less expense
that enhanced labor her lands would
Hence may be supposed that in the present OF the
United production and the of transportation
together with the removal of the laws in England
February next the maximum production of Great Britain
has been reached In support Of this vew may take
table of the importation of all kinds of grain and -four
Great Britain for series of years. together with the
of the season and the price of wheat.