The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-11-14
S7,43l,63s
4,053.
s,s7s,s74
Excess import

Excess impor, s,s7s,s7a
Notwithstanding this Of apparent import there was
diminuon OF coin in bank arising fact that the
coined American gold passes into circulation. while the
foreign coin and silver held by banks exported Il
10 in the usual OF for specie to diminish In
the New Orleans banks towards the crop year.
and to reaccumuae when the bills drawn against produce
mature The drain OF foreign silver the high ruling
IN New York Tor export has been active a
ofihe interior, and the banks have all felt its influence.
The crops, hewever, now again going freely forward,
and the banks purchasing the bills. The New Orleans
banks hold, II appears. S26296ll Of exchange against
$922 At the period last year prospect
Tor the sale Of the crops abroad such indicate large
supply Of bills towards spring The English markets for
cotton arc quite firm and advancing and the price of cloths
seems TO have risen much the raw material Thus IL
appears that fair upland cotton sold In Liverpool October
l8 1913, at 4d per h., and the day, 1880 at g.
per Thirty inch long CLOTH SO yards to the lbs
sold at iS3d In lS4s and 05d in 1850 The rise In the
raw mate Is Esd ard In the cloth labor being the
same, and interest money less The prices Of cotton
must to all appearance rule still higher for the coming
year. and acceleate that transfer of manufacturing from
New England 10 the valleys of West now 30 apparent, In
the closing Of the eastern mills The English manufsc.
turers manifest growing asiness relation to the supply
Of cotton, and the utmost efforts being made as well
by private houses by the Indian to accee
rate the growth in region Not only growth OF cot
ton required but also the construction of railroads by
which the article may be brought In a merchantable
condition to the seaboad. For this purpose the In
dian government guaranteed per cent. interest
all capital subscribed to railroads. and p ished its
efforts TO promote the growth cotton Official re port,
show that In Si7 10000 in the Bombay presidency
were planted with American seed the breadth Of land
under culture has increased l0000 scres which ought
at least to yield 100000 bales Of Now with this
alleged increase Of COTTON and rise Of 100 per cent in the
price OF article in Europe only from
India declined, but the excess In weight Of goods sent
thheT over weight cotton received thence has
increased The cotton received from India was 22 $50
bales In lS 2z1 572 bales in ls4s 079 bales In ls49
when the price had advanced Is per cent The quantity
Of cotton goods India In months OF the present
year 900 yards against OeO yards ia Is9
and 100 900 yards in Is7 weight of four yards to
the pound this gives Increased export Of 600 0OO
pounds, 7O000 bales Of India against de.
OF 10 600 bales material received thence I'm.
der sach circumstances. Is perfect farce talk sup
plies liom India Moreover, il is well known that the
American seed win retain It's staple In
that climate The consumption Of goods in China
Is also Increasing and will result that from India
being able 10 afford cotton for European
she viii depend TO considerable and increasing extent
upon United States supplies the demands of her
people, Notwithstanding the retroe condition oil
the inhabitants OF British India The high price Of cotton
10, however, stimulating the Rax culture IN Ireland The
price Of north Of Europe flax has advanced IS per
ton, or ia cent In the Engish markets ls4s
The effect OF this upon the Irish culture,
the insuicency Of food In that unhappy country
In the following figures from the report Of Capt Larcom
nj d,,r IL II