The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-10-16


Both France and England have purchased les, OF dpu
able imports while the United States have purchased a
great deal than in lsi9 II must be borne In mind
however, that in England the larger portion OF those ar
Giles which into the consumption of the people are
free Of duty, while In the United States and France they
taxed The French duties in I5l9 nearly half
those OF the United States In 1851 they scarcely
fourth.
The result OF this has been the large amounts Of
money the United States and England 10 west
Europe. The bottom is now apparently reached; all
business is secure basis that political convulsions
will be productive OF mercantile disasters WHILE on the
other hand should peace be preserved and confidence
restored permit revival OF credits and the cansump
OF goods and produce be resumed period OF mos,
uaorduary activity would result
The large accumulation Of money in the federal
resulting from the large receipts from customs and lands
when money for commercial purposes /. in great
demand, is suggestive of the abomnabe mproyidence
which induces the present government 10 20 on paying
nearly 81 ooe, 900 per annum interest $4,000 900
stocks, when Il has the gold Ia the vaults with which
to redeem that stock If it redeemed tho gold
would pour Of the mins into the money Market and
the government would 5000 900 per annum which IL
pays The stock is 10 be alta premium but who
can afford pay much the government, which
employ its idle gold In any other way The present
party power pretend be the friends Of improve
par sreeenee. All the public works In the country
struggling for money to on with money Is worth
per per month for the The government has
taken S6t 600 OF the Market and has on hand 3d.
600 900 in gold which the market well as
not and by doing would $1,000 cooper annur-
the time would supply that amount to enable the
railroads to borrow better IL this money were
paid stock and jngress tho next session. should
remit doy iron and many other articles which are
m osty taken payment Tor farm produce-ssy all the ar
tces exempt under the tariff Of 1885, and which paid duy
under tina, OF 1912 in violation Of the ceupromise-the in
OF and OF the whole nauon, would DC
immensely promoted by Il.
Business is fair season. and prices pretty well sup
ported but they always droop towards the close OF the
sea son. even when money is abundant Produce, under
large supplies lie heavy, and wool suffers from the conn'
ued drought which prevents manufacturing demand and
they have either the the will TO lay IN stocks
Some sales OF fleece 33 cents Cooa Is also more heavy
under disposition to SELL but the stock increaeh Flour
has been in more demand for expoH-saies STATE % oS
50 rs 81 Ohio southern 81 W. 81 70 rye h1ur' %
Is. Corn meal SO 81 SO 90 Wheat for export ~ gents
for Michigan. Rye, 10 cents Oats, 80 40 cents Corn
slow 81 round yellow Whisky, Il cents, FORK
du-say SI5 old S5 IL mess SIP old SiS % ne"
prime. Lard dull, 81 81 cents Freights are seady-say
cotton to Liverpool, Id; grain, 3ad.
The stock market improved considerably and there
Is every prospect OF renewal OF speculahon Inc
quotations day n follows