The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-02-07

NKw Yoak. Februarry {. /

NKw YoRk. February s. iss0
The annual Of the Treasury Department OF the
United States In relation external Commerce sho
that with the modification Of the English tariff Of I8a3 the
exports Of farm produce from the United States ss began
since the Of 1872 Prior to that event the
whole of externsr grew out Of the
extension of the trade The removal Of The English
prohibitions food caused trade spring up which has
annually become important TO the western farmers.
The duties provisions have since been reduced hoss
altogether removed under the pressure of the
famine of 1877 and this year the repeal Of the navigation
laws the remaining restrictions upon the Tree cir
cuaton Of the earh products for the Of s In
habtan II becomes matter Of great interest oaeu
late In how far the United States capable Of furnishing
any considerable proportion Of the large Surprises do
manded by England. The consumption Of food BY the
people OF Great Britain 10 at this greater than
ever before known The Of l8ls and 1870
lair average and this year, up January, Il estimated
by the quantities Of grain sold In the two hundred and y
towns tha regulate the average price, that larger proper
ton OF English grain OF the harvest been broush
market than usual this season Notwithsandnr ths
the mpoations taken for consumption have been = fol-
lows for the eleven months ending DecembsrS,
,s.s ImD0''s 49, ENTERED sss g. s0a.s7 g:s
s sss S. isi: meal. sv s s s s ' :.
Total in qrs sl7a,l35 iooes,4ss 5sss,sN llaes,ess
The quantity entered for quanti-
imported BY 57l qrs reducing, by that quantity. the
stocks This quantity entered added full proportion
Of the new British crops brought to market. forms
amount Of consumption altogether unprecedenisd Il
be remarked that considerable supplies The quantity
furnished by the United States bore but small pr0possion
the whole This arises chiefly from the fact thar throngh
out the whole Of Europe the prices Of grain have beoa
exceedingly low and may be inferred thar tho pons
Of depression has been reached II 10 universal law Of
trade that high prices those above the average ii osd
years. for any article whether caused by dnin
shed production demand, invariably stimulate
the producers OF that article every nerve In in
creasng Its quantity In agriculture il particularly tho
that extraordinary profits will elicit almost lmits
supplies This principle is well known a. to make illus.
ation unnecessary Bearing 1t In mind had 10
slider that by the year l80 the capacity of England 70 raise
reached its maximum, and was abort of the wunfs Or the
The four defective Of 1853 l0 1870
and lS4l had led range Of 70 3d. per quarter 81 wheat
81 10 per bushe and In the four years ending with
1912 average Of 100000 qrs. foreign wheat WA ed
per annum. III sssssgsasss
Those high prices urged the every possible sans
to enhance the production which, in the three years sndng
with IS45, sufficient. with the aid OF 1000 600 qrs
per Of foreign, supply tho consnmpHon q SIS
sented only continuation Of the failure OF the potato
crop which had occurred In lSl6 but for the first time in
the century the failure Of the English grain orop
was accompanied by very defective grain crops svsry
country Of Europe except southern Russia Nowahsand
ing that wheat in England reached O6s per quarter Du
ring the greater part Of the year. higher In Fncs
and Western Europe than In England English wheat
shipped to France. for sale, 86s. per quarter Evsry
country in Europe imported grain, and Russia and The Uni
and navigation laws everywhere suspended ys the
freight OF four was ~ per barrel from New York to
Liverpool, and over 81 from Albany to New York on the
Erie canal. These feights produced The great
est activity in shipbuildng The tonnage built In the Uni
ted States as follows, .t y. ss fs8stfasss .