The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-03-10
Imports and duties porf of Ne,o York, Fsbruarv


The commercial revuson in England and restricted
of the money market last year unusual quantities Of
goods this country SELL in order realize money, and
aided greatly producing the result of oversuppy which
predicted the reduced tariff here would effect. The
subsequent revolutions ncrea ed that operation and large
quantities of goods sent at low valuations The trade
abroad is active, money abundant and prices adj
vancng under the home demand There is consequently
OF foreign goods upon this market and the gene
raj health of all branches of business improving and
business promises better than the coal and trade of
Pennsylvania That the former has been much distressed
during the past yeaI doubt the and that dis
has afforded the trading politicians opportunity
make themselves extremely ridiculous, nasmuch that
they sought ascribe that distress the low tariff
The following is the quantity of coal mined and imported
Tor several years.
Mnsd 1n TOM, sas ao ssSs s
The increase in the quantity mined in lsl5 over the
quantity in 1916, the last of the operation of the tariff
of 1872 1877 49, four times the whole quantity i'm
ported in lS46; and the consumption Of 1913 is estimated
at 600 tonshat is to say Notwithstanding the large
production there overstock against 600 tons
overstock last year. The competition mining
district has induced, and indeed compelled the Of
small capital to sell low for cash. while those of
shadowng capital have usual, sought to ruin small
miners hand, and to prohibit foreign coal the
other. The last is but political humbug it will be
tina the quantity which be brought here is altogether
Insignificant affect prices The value Of the Penn
ylvania coal delivered last year was, tide water, $l2
900 and the whole value OF that imported $751;.
40 To those who consider the magnitude of coal
trade, and the fact that labor and transportation
its value tho folly of supposing its price be affected
by the foreign article is great for serious consideration
thus, in 1917, the whole number of foreign arrivals the
port of New York 22s9 vessels-aggegate tonnage
$40 and, in that year, freight pro-
portoned to the demand that -four paid So per bblsay
800 per Liverpool In the year there sailed
from the Reading Railroad Companys wharves, with COAL
IL 439 vessels of aggregate tonnage of 964 52l tons
50 per than the whole foreign the
frf Maui nd in
who do not blush that article OF such bulk
would be altogether imported but for the duty of 80 per
In l5i7 England imported breadstufs equal to egh
ty million bushels OF grain, or, in weight to mil
lion six hundred thousand In order obtain it,
she compelled suspend the navigation laws, and
allow vessels of all nations compete for the freight and
they did but they obtained the of So per Dbl
-four and wheat sold in Liverpool SO rs per bushe
Food he had in Of famine, but fuel is
necessary Hence the utter impossibly of demand
urgent bring here any considerable proportion of
required quantity. The competition between the
monopoly miners and industrious individuals has caused
prices rule low, and this fact in connexion with the
general prosperity promoted the large consumption which
estimated for the coming year $500 900 TONS and the
inc reasc be furnished by the canals, the Reading
road being taxed the utmost of its capacity. Nowith
standing this state of the coal trade which is ndepend-
en foreign supply the trade, there many
who suppose that price is influenced by the tariff
an attempt raise the duties by the administration
would redoube the competition Of the miners What is
evident in relation coal is equally true of other produc
TONS all of which Independent of foreign competition
The Of International trade appear have
influenced the dutes and although under the
mirabe dd raloem SYSTEM the quantity of goods this
year will pay larger of duty than last year, by
of their improved value. Thus the
December quarter for several years appear TO be follows
United States reuennes, quarter ending Dec 81