The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-10-12


vote in the matter Of confirmation may be tned witb
and at the same time swelling the xpense the
system. That OF which the merchants now most loudly
complain is however, the abomnable neglect of the gov
eminent In giving some response the navigation
law Of Great Britain which into operation January
The preence seems to be that the law OF lsiT-
which, by its terms, Is not applicable those countries
that repeal their restrictions upon American vessels as
Great Britain has done-renders Of the
government unnecessary letter in defence of the cabi-
net 10 this effect has appeared in most OF the New York
pers IL was in the Tribune day, and In the Herald
the How the merchants know all the old laws,
and their legal eect VI they do Of what use Is the Sec
rotary Of the treasury BY the treaty with coun.
tries (Sweden, for nstance American ships carry hither
goods of any production from any place, Swedish ships
having the rights here The British treaty guarantees
to her ships the Of ihe favored nation" The
moment therefore, that she admits American ships the
that Sweden does she is entitled by treaty 10
the same Sweden, irrespective OF the old law OF
1917 Now what wanted is proclamation. or at least
treasury circular for the information and guidance trade
Thus Canada -four the United States for
shipment. Under existing law it cannot go TO England
except In British vessels Alter January 1850, IL may 90
In Uoed States vessels Now IL has been understood here
that may be shipped nou, and lie in warehouse until
January and then entered under the law Recent adj
vices however, say this cannot be DONE Il must not ar
rive, them until January but in British vessels Conse
queny, goods shipped must be reshipped from Lv-
erpool Havre elsewhere, and then put board
British vessel get back into English consumption Amer
lean vessels have gone to Rio in the hope of carrying co
lee thence England. They will with disappoint
ment. These among thousand perplexities which
the mutual of the two countries labos under,
while the cabinet employed investigating the social
conduct of foreign ministers and attending local cleo
tons. The motive of all this TO be to conceal
the country at large much possible the great and
glorious progress which commercial freedom Is making
throughout the world and the immense advantages which
American interests are deriving from It,
Another abomnabe outrage is practised in relation
to warehouses II will be remembered that when the
warehouse system into operation, the department
took large bonded warehouse Broadway and required
bonded goods be sent there. was of great extent,
however, that the insurance companies refused to take
risks there then permitted to warehouse privately
merchant might stow his goods in any that suited
his convenience upon complying with certain acquisitions,
and employing government officer ut 30 per day to take
charge of This gave great privileges and many persons
undertook the business of storage for the benefit of small
importers The clique who control the custom house
here have procured regulation 10 the effect that goods
shall be bonded in private warehouses until the public
stores are full The merchants get insured In the
public stores and 90 private These latter
are, Notwithstanding required to pay 80 per day for
officer Now Notwithstanding these regulations, certain
large merchants allowed to warehouse their stores
and to pay officer bsdings while others
are compelled to pay the per diem for each building and
are allowed take goods II results that the keepers
of private storehouses ruined while monopoly mer
chants their own goods, and the general small import
ers cannot bond at all
The business Of the port has been fair during the week,
although the northern and trade has yet made
appearance in full Advces indicate, however, that
it will not be slack.
good paper is in demand at 8-say7 per for
tioneers' paper The banks well supplied with specie,
and the assistant treasury now pays out more than
ceives the Interpretations decrease There is however,
a lair demand Tor money for business purposes.
The produce markets well sustained under ncreas-
ing supplies Pot ashes steady g. and cotton,
der good demand, is again higher There is much spec
ua,ve action in arce, and consequently the papers
LII md In
crop by gentlemen who have been Mistaken" all
of which remind of Vincent Notes operations in 1882
which ended In smoke and insolvency. One great fact
is. however, selfevdent viz that consumption exceeds
supply and the year will be prosperous If by
such speculation that to which we have alluded
Prices to-day as follows;
o1s ssed sass f mid a al. as fG sssd ai
Ssasns am. and n s1 e. iS iSs III ~.
The receipts thus about half those ofas year
Flour is dull under heavy receipts Sales straight State
and good 81 % So O6; straight Michigan and In
diana S. 06 IS 25; extra Ohio 50 " S6 southern is
dusay IS s'i IS 50 old Georgetown Rye -four steady
at SO So l2t; meal firm at 50 i2i So 49, Wheat
is firm with duh market; sales white Virginia 81 l2t
81 Is. Rye 90 cents. Oats lowersay canal IS 80
cents Corn is now dul-saes round yellow s. 65t
cents; fiat western 81 cents 62i 63l mixed do. Hops
are in good demand IL IA cents. TurPentine spirits
80 cents; 81 37k OIL nseed, sells 80 cents and dull
Ohio pork in moderate demand-say IS 5t $40 Si,
prime aud New beef Is dul-sales So Sll, coun.
lrv prime and mess. Ohio lard is In active demand with
out advance-saes 81 81 cents Cheese Is dull, under
large supplies OF Ohio. Rice remains 80 IL ~ o. Do
nestle whiskey sells "a cash Taliow is quick nj
81 cents Tobacco continues firm Freghs moderate
Corn to Liverpool q a 81; -four a lid; wheat 3D.
Exchange has been dull, account Of short supply Of
bills Ii b stated that United States stocks being pledged
Tor money per in London, and drawn against nj
o, Ioi per for sterling. This operation would be
IA UGH extended IL money advance here. Francs
are ~ 23l-shor $40 rates close firm on all points
The exports Of and breadstufs since the LIST Of
September much less than last year. and the supply Of
bills less. influenced by the uncerain operation Of the
British navigation act
The stock market has presented no new features Gov
eminent stocks sfened under purchases for remit
lance by packet but generally there Is no movement
atinns cLoaen M floNHAi