Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-11-25
eInteresfIng Fihal1elaI ana Cone
InereIal Article.
Rrnm the Clnelnnali easstt.

~
mereial Article.
Prom the Cineinnati Castle. fn
That which is affecting the gold market
In New, York at present, causing an advance
IN prices, Is the falling OF in exports, while
imports continue large. This adverse con-
iition OF the foreign trade is not shown
Just now5in the exports of coin, because OF
the heavy demand for American securities
but as the latter may be checked At any
moment, people are guided in their caleu.
lations regarding the future by the show
ing Of the export and import, tables
Hence heavy imports and light exports i'm 4
ply movement of coin 70 equaliZe DALI
anees; and upon this gold spectators
operate. The idea has been advanced that
the high price of gold and the correspond
ing rate Of exchanges, facilitates our export
trade, by affordiug producers uominaliy
high figures for their commodities; but the
spirit of imitation which this state ofthings
produces. leads 10 results directly the OPP
posite.1ls y els ,tiasl
When gold and exchange advanced per
cent, produce goes up 5 per cent. (; and
thus the values Of all tue leading articles
of export, have beenHso much enhanced
that foreign orders cannot be executed at
all. Thus, for. example, -four that IL SELL
ing in Liverpool at equal to 5000 in gold, i
brings $7;i50i In New York. At these
figures it cannot be shipped except at a
loss; hence shipments stop, for England,
with full supplies from her own splendid
crops, has the advantage of US this year,
being IN condition TO dictate termS-an
advantage she did not possess last year,
or the year before. And not only are New
York prices higher than Liverpool quota
tions; but Western prices are relatively
higher than seaboard values. Corn is very
nearly as high in Cincinnati as it isiu New
York. Flour is So so here aud 81 so in
New York, with freight So, aud exchange
i dis. Mess. pork of last years packing is
SIS so here, and SIS 20 in New York,
with freight So 76;llard is lie. here and
l2f in New York, with freight 81 So per
100 lbs; and SO oD.alnAnd yet with the
prices current here, producers does not
seem TO be satisfied, and are holding back
their crops; aud so long as there is pros
pect for higher prices they will continue TO
hold them back. s..-ag
This is always the immediate effect of q
rising market. But all this, timewill reg
ulaLe. With suEplns products market
for these must be found abrOadi AID there
fore. when tho time shipments comes, the
quotations In the consuming market will
have their effect in regulating our values.
II on the other hand we have no surplus
products for exports, 1t requires no prophet
70 foFetell the consequences of continued
heavy imports, One of three things is
certain: We must reduce imports largely;
sell a large amount of domestic produce
for what It will bring, abroad; or expert
ways wind una period of imitation. extray-,
aosnce and oyertradipp.. The importanoe
of onr nrodnce 'exnorts, and ourI nrobable
snrnIns. NAV he. inferred from the shin
ments az bresdstuffs and nroyisiona from
New York alone. from January lst 10 No.
vember 18th in the last two years. These,
yvere as follows, for convenisnoeI frve have
reduced flour to bushels and barrel pork
10 ms - : n, q
1858 1869
PlOur and VIII at Simultaneously, 12t $685., ~
pOrl '.OS c,, he I SsT sS ,s1
Lard III $50 900 il25Spi00
The ro-k an1l hsoo,, arsa. canal 10, the
nrojncts oF about, I 400 mn mos Al ~
lard IN about 3 sCIn mn hoes, HoSv far
We can retain, his snrnI,1s Or any s,reat
norIinn of n witb 'tIe 1,,n,bar ~ Hoo,
10 he hacked This seasnn. Win the .beayv
stnElrs ~ ,,r1dnc,s st;IjSor Ii,Si /
he eertsiFtY If he v;n,, No Sortbor,, ,,,sr
lei n conssonence for soTns tjTos ~ come
are quesTIuIs TytIav 1psrSrurs Cau unsWTf
for themselves We haYevgiYsnc the facts,
and those who are Interested can draw
their own conclusions. Aud it viii be
perceived that the. course of reasoning,
which the facts suggest in regard to hog
products, applies also to breadstuffs. Can
we not spare, for example, quite as much
wheat as we shipped from the crop of
1922 and if we can, what will be the
result, If prices, for the time, are so in1ats
ed as to prohibit exports2 There are
other questions of considerable Importance
qnestlons tnas are .the bottom .oI inc
F5;sa bn. Is do n"t n,0no ~ to eons,aS.