The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-02-14
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IL 10 Observable the aggregate have In
per cent while the specie has increased
but "a 600 The return Of specie from the Pha-
delpha banks always deceptive, because they include
specie and treasury In item The greatest increase
of loans the part of the New York and Ohio hanks
Tho amount Of produce, however, which comes forward
from the West such the opening Of the canals a. to
meet the bank notes. which, that season, ao como for
ward in the hands OF dealers by whom they have been
collected for the payment of purchases Ia late letter.
mentioned Of the general causes An operation 70 mako
this the most trying year for the export Of farm produce 70
England These result mainly In the fact that the high
prices the famine year. aided by fair seasons
extraordinary production Of breadstufs throughout
Europe, and necessarily low pdces In England These
have led TO much discussion there, the acsual
cost Of producing wheat the best English sol.
One Of the highest agricultural authorities lays down
this rules Land under good husbsndy properly drained
kept clean ads pied wheat and rented 2os ~ 80
per acre, will produce, without sxteen bushels
per For every bushcl beyond this natural proiuct
lbs. Of Ammonia, in the shape Of gusno other
manure-and this viii Cd per ID. must be supplied.
To raise the usual average Of ~ bushels Of wheat
acre. In favorable year. ihrsshed out win E6 L. Cd,
$50 So 81 per bushe the spot, without allowing
anything for Of capital and profits This wbeat can
not be placed in Market al profit, under ~ - per
bushel; and a disputed question among the bestin-
formed II IL can be done for that Now the Michigsn
farmers estimate that wheat caa be raised 10 a
not 90 per bushel and In the report OF the
New York Seneca County Agricultural Socsy consained
In that invaluable document the report OF the Coutsoner
of Patents for 1898. is shown that -. acres Fl
land cultivated in wheat, yielded 6t4eoo buuhsls, ~
a cost Of Ssi4s00 56l cents per bushsl This
cost included eight loads Of compost ~ H. This being
the cost in New York. the wheat may be delivered In Liver
pool at 10 per busbe 30 less than the declared
minimum OF producing IL in England. The increase
Of facilities for transportation in the Inferior win bring
within the very much larger Of land and
ability Of the United States supply England cannot
be questioned five apply these facts TO Mr. Meredishs
singular suppoon contained In his sBns'rl report 70
the effect that the 'farner understands that raiosd
better employed carrying away his crop than ms sssa
may imagine that Is cents vail carry wnc~. no'n
the West TO England and would buy inc seed ners
the English arner by sending his seed 70 pe grown IN
the West would save per busbel In Us Cost but
fhc did not grow wheat Of he would have no seed
to EXPORT In this fact Mr. Meredith win recognizes that
n.u nj sdvautrses form leading element In the choice
Of occupation and IL the English apply sheislsbo % he
OF goods they get wheat cheaper ssrms than
II thew strive 70 compete in its production with more A.
vored chimes
The business Of the port has continued active, and the
dutie. on imports at this port s5lsSS The amount
of Is large but the suspension OF theseve
nue. service while snecure officers continue draw pay,