The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-03-24

highly encouraging The CATION of the North river is
open and the canals OF Pennsylvania and Maryland have
already resumed their spring operations, and the actvy oil
trade in the capitals of those States very great Inc ca
mails OF New York open later the seasonast year not
until the first Of May-and until the approach OF that event
the western trade does enliven the city business, made
somewhat slack by the departure Of southern dealers The
mpoatons of goods this week have been larger than for
the corresponding week in any year since 1916 They have
for the fist sixteen days Of March been as iolows'
Imports port Of Ne,e York, is days Of March
s., sSsss F s goods pSas all s s93
i s.s i1 s Sas a 7iss, ss.
The mohhs oJanuary and February showed aggregate
decline in the of duriabe goods imported and in
duties received this year. compared with the last The
this year in March, however, raises the aggregate
importation of dutiable goods this year. January to
March TO- to 1921 02i 267 against 2 3S5 81 in the
Rod last year. and the duties 23S 673 against 50 49,
757 The alleged falling OIL In revenues, as far as concerns
this port moi, therefore, important The drafts drawn on
he assistant treasury this port have been Tor two weeks
1926 Ci7 49, of Si69, 2s6 the duties paid
in wing hand yesterday ~ 80 009 eainst 81 100
subjectto draft February 49, The export specie from the
port the past week has been 1893 making 246,s94
since January, net of Sl39 800 against S20l6
TAB the period last In the period mentioned
much specie went last altogether out OF the country
remains in the assistant treasury vaults. subject
Ro speedy disbursement The large importation OF goods
has created further demand for money The guam
titles OF dry goods imported and withdrawn from ware
house have been follows, March to l6
Imported Ss1 s sa M ssssao sasHa ssSes
From ware
house. ooo5a 7saes lcess4 29,ola Sa9as ss7,SaS
Total 4a8s 7sasaa ,iss al7sss assIII ass7 sos
These considerable supplies come upon advancing mar
kes under a fair demand; but tho improved prices and
health of the trade do appear to be greater than
cha racteze those of the foreign manufacturing districts,
particularly, the English In relation which, Mr. Henry,
member of the British Parliament for Lancashire, said re-
Gently in debate, that the manufacturing interests there
were in a of considerable prosperity He "was
connected with manufacturing establishments in Glas-
cow Belfast Yorkshire, and other places. and therefore
could speak with degree of experience All COM
and circulars agree that fair advance has
taken place in all descriptions OF goods In the British
islands the stocks light, and home demand existed
equal TO production The activity of manufactures and
rising values of their products was not to be attributed
to demand the United States nasmuch the guam
titles less than last The whole state OF
trade here therefore, indicates full employment in all man
ulactng sections with rising values for products, ana
improving prices for materials of all descriptions, and
also of labor The stock goods in the hands shop
keepers could be replaced general thing, at the
average of the last six months Almost all styles OF
prints are in demand 10 per January prices
The slackness of business ut this moment, arising rom
the completion of southern and southwestern orders, and
the hardness of the trade. which waits the opera
ton elements upon the canals Of New York, while
tue southern cities in state OF activity, ndmon-
dealers and their of the importance OF
emcdyng such diff ;utes by means of railroad communi-
l
complete the New York and Erie Railroad That work,
running from Pernont, the North river, twenty miles
from New York. opened last fall two hundred miles to
Bnghampton, a point beyond the Allegheny range, and
the busiess Of section of country about
the headwaters of lawure and Susquehannah 1t is
under contract to be completed to Corning II miles
farther in December next and Hornellsve 300 miles
from the Hudson river, within eighteen months. A bill
has passed tho New York Legislature charterng rail-
road company with hs line at Hornelsvie,
and Buffalo This road will be completed in eigh-
months, and will perfect railroad connection from the
great lakes through fertile section of New York, with the
city, and by doing throw open the spring trade early
that of the sister cities. 1t WILL and in fact is already
producing important change in portion of the trade
with Baltimore and Philadelphia. Thus, in New York
and Northern Penn vania, are constructed in the spring
of the year RATS from the merchanabe timber of that
REGION and these launched upon the Delaware and Sus-
quehannah rivers, loaded wi grain and other pro-
duce, and hoated down to Philadelphia and Baltimore,
where the produce sold, and the RATS sometimes lowed
round to New York. and sawed up into foorboards
and other lumber The facilities afforded by the line
railroad such intercept the whole of this trade
and bring the wheat and produce cheapy and swiftly
New York before the spring foods swell the rivers
to available magnitude; and the lumber may be sawed
upon the spot and conveyed TO the same destination The
Bostonans have long competed for the trade by
railroad, but have hitherto vanly srven draw
siderable portion the western road while for six
years they have duplicated the legislature Albany
allow them construct a bridge the head Of Lake
Champaign, in order the Ogdensbnrg railroad
/
road completely in control OF the Bostonians who
the Michigan railroads well control those Canada
it supposed would defy competition. They never
however, succeeded in getting the Albany legislature to
pass law obsrucng the navigation of New York river
in order that the trade might to Boston until this year.
and the bill is passed Thus there will be great
railroad the Wis the Erie railroad the north
em line of New York railroad, from Buffalo to Albany
connecting the with Boston, and by Hud
river railroad with New Yotk and the Ogdensburg
road turning the head of Chanplan to connect with Bos
toR.
These railroad enterprises have powerful influence
upon the value OF capital There before the Massa
chuses General Court sixty applications for railroads and
probably thirty will be passed, calling for large of
capital in addition the requirements of the old roads
process OF oonsructon The capital owned in
New England is larger than in other sections Of the
try and yet under the influence of general confidence and
active enterprise in demand and higher
prices there than in any other section of the Union
In New York, demagoguas seek to dscribe the high
Of money TO the independent treasury. In Bos-
ton, the duties for February only $3i3 99l, and
the amount on deposite at the close of the month
oaly 1898 ll3 Yet money excessively scarce
there than in New York The the money market no
doubt inf fences the produce markets greater less
extent nevertheless they generally firm, with up.
ward tendency Cotton, under large arrivals has been
firm but with moderate demand since the close OF last
week, when active. The exports this port for
March reach thus far Al ass bales against bales same
time last year, The quotations follows.
| Ordinary Mid good Mid. Ar Fully fai,
! to good ord midding. TO fair. to ia rr
Upland and Florida 6f 81 I nj Ha7l 7haa
| ~ n.io NohI 81 II