The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-12-05
dry goads port Of Mac York.

portaon textile abrics but will be observed that the
quasIty ofcotton goods imported has The value
than 1885, and little than last year but,
owing the prices the value represents less guam
ty The manufactures Of silks WOOL and fax have nearly
doubled in import value since l843 and this has arisen
partly from the substitution Of the cheaper and newly
wrought Of those articles for cotton, which has risen
much unds the demand of capital The aspect OF al
fairs in Europe such that the consumption Of goods
Is much diminished through the influence Of political
fears. Marching armies aud threatening wars not only
create demand for specie for military chests, but
prompt prudent people, who have had long experience OF
the devastation OF war, TO economze expenditure and
hoard specie is partly to this cause that may be as
cbed the continued drain OF silver from shores aud
which 10 already productive ofmuch Inconvenience Thus,
years ago, Spanish fractions OF the dollar were SO
sbundan and deprecated that the post office and the
banks refused receive them they now so much In
demand that although the 6cent pieces deprecated
l6 per cent quarters worth but Is EACH
they all AT per cent premiumthat 10 say the de-
mand for change makes the small pieces pass for II per
cent than their Intrinsic value. The Philadelphia
mint, baing totally naGeqnate to the work demanded OF ~
and efforts being made. 10 coin nominally much
possible, The California gold is struck In 0doar pieces
which Of little value currency, while the foreign
silver pours of tho country large quantities. when
mint could turn them into pieces that worth ~ per
premium.
The boarding Of specie in Europe, while II drains it
from circulation. affords evidence of the diminished pur
chases of goods which Is coroborated by the increasing
stocks the shelves OF the stores and the declining de-
mand in the manufacturing districts. The crcumc rbing
OF the continental sales 10 likely lead larger cohsign
this side for realization amos, any price, and
our manufacturers that OF every
three pieces 1sporfsd the takes oashave
counter still vigorous competitors and com petit
ton against which tariff would be OF any avail that
to say, the misfouDes which the ntrgues and
Of European governments entail upon the English
fac,urers will be benefit the American consumers
The acturng interests of the South and West viii
suffer less or perhaps not ALL because their projection
exists naturally in their superior facilities for production
Thus eastern authority shows the condition Of New
England mill this time ,husi Cos, middiag cotton
1880 cents waste, net IS cents; labor 81 cents gen
eral expenses, 205 cents-tota 90 6 which will
produce 8 yaids, costing AZ each The market
price il u cents, eight months IRON which deduct
ing interest," quantity, commission, freight and insurance.
leaves IS cts net, loss OF So 100 each yard
Now southern mill gets the same cotton for IL cents ;
waste, LAB cents; labor, 80 cents general expense so
cents total 1878 cents which produces 261 yards
ing 10 cents each. which will II cents. having
market hand thus leaving profit s0l00 CT per yard
the southern mill. where the New Engander bees 90 100
OF mill at the South turning out 100 900 yards per
week will $500 profit where the New Eugander, ii
he runs will lose $780, The presen, operation OF this
Of affairs, which Of transportation becomes i'm
em is prevent the OF the prices of goods
to point which would enable the ease mills 10 on al
the present OF and there 10 but little chance
Of amy decline in that article. Between the superior
advantages OF the southern mills and the necessities
OF the foreign Manufacturer the eastern mills are likely
TO be seriously squeezed The prospect Of large consgn
cautious Of giving orders to any considerable extent and
thus tine loss, 10 any, will be thrown where belongs
abroad. The exports of produce win doubt be very
considerable nasmuch the Of England will be
very considerable. Last year she imported 5000 600
quarters Of wheat and, with diminished sources OF sup
ply. she will this year require quarters, and other
descriptions Of food Ia proportion. whit. the value Of cot
ton, which she must import will DO high There much
anxiety In relation the crop coming for
ward the opinion generally IS that IL will thai
OF the past ycsr-say 200000o bales, The sed
sumption Of In the wod has greatly exceeded
production in the United States WHERE In fact the
for the last years Is very poant The produc
ton Of the past and year win exceed that
lSso when the full influence Of the years Of land specua
ton developed Il is sufficiently borne In MUD
that the quantity OF land brought into the cu
has been comparatively very small since ISf2 In the
five ending with 1887 I5 1876 OF land
sold In the States Of Lousans Arkansas FLORIDA. Misss
spp. and Alabama in the five years ending with l542
$50 sold and In the Ave years ending WIKI
st7 only OF sold In the Ave years ending with
1887. during which those large purchases were made
nearly 500 900 900 borrowed Ia England and the
North. and applied the increased culture Of cotton
through real estate, banks, c The result that the
growth Of Ist2 2,s75s75 balcsa figure which has
been reached 10 only two years since that 10 say the
average grow til since that has been baes
III 65o bales less than the growth OF 1852 Al the
time, according TO tables published recently by Professor
McCay OF Georgia, the consumption OF Europe and Amer
lea ls42 2siooo0 bales and average since has
been 2. $50, 900 bales, follows
u States Consump. Excess crop, Excess
crop, bales. ton, bales bales coosump-
isa, as7ss,5 asio.ooo ss,s75
1880 15477ly6 Ig4sgOO0 1905 SSt