Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1845-11-27

4
quantity OF indifferent or bad grain which
rs thrown upon the market keeps up the
averages--if such q mIsnomer can be aa-
piled TO scheme which very unfairly
| represents the actual price Of The a.ticle.
| The opening Of the ports IS question so
| important in itself, not only as it affects
the corn tsade, but what is of far greater
consequences, as i, affects the general IN.
terest Of the country, lha, il sbsorbs eve
ty other topic OF the present moment. A
morning paper stated day or two back,
that treasury order had been transmit.
ted to, and reserved at, the Dublin Gus
tom House, admitting grain free Of duty.
! This statement turns out 10 be incorrect,
but il was generally believed--a proof Of
the public mind being prepared for such
a step on the part Of the Government. -
| An evening paper has published state
ment 10 the effect that Wheat and other
descriptions Of Corn, are TO be admitted
! Immediately, at low figure: Wheat al
sixpsRce per bushel, and the other kinds
still lower; but this statement. although
put forth impnsngly, is also considered
! premature. Cabinet Council was held
on Friday. at the hosse OF Sir Robert
Peel, as the Premier could not leave b s
home, owing to an attack Of the govt in
the foot. AT this meeting the question OF
the opening Of the ports was 20 doubt dis.
cussed in oil its bearings, and expecta.
ton was on the qui ulre 70 know the re-
suit. Another Cabinet Council was held
at Sir Robert Peel's house the following
day, and the result of this, as Of tie pre-.
ceding meeting, still remains mystery.
4 People have been anxlously looking to
/ The London Gazette, expecting 10 see 80
/ official lntImation Of the Government po.
hey, but they have looked 10 vain. The
| Cabinet is SAID TO be divided on the pom;
at issue, but no one presumes to think
that ports will not be opened. 1t is the
only thing about which people talk
"Out OF the fulIness Of the heart the
mouth speaketh." The decision Of the
government must speedily be known, be-
cause if corn is to come in duty free, eve-
ry day adds to the difficulty, as the time
OF the year is rapidly approaching when
not only the Baltic, but the St. Lawrence
will be closed by the ice. As regards
the former, however, owing to the search
ty which prevails amongst our continen-
tai neighbors, and the high price which
grain commands there, much cannot be
expected. The great hope is in the chi.
ted States and Canada. The proof Of the
scarcity exists 10 the fact, tina, most OF
the continental powers have already
opened :heir ports for the sell-same OBJ
ject, and it is justly said, "Why should
England be less considerate for its citi-
zens. than are the continental rulers for
thelrsl" The real fact IN all probability
is, that Peel is unwilling to act, until be
is armed with the strongest possible reas
ons for doing so-and in order TO put cavl
out of the question, he is said TO he wait.
ing for the report of the scientific com
missoners whom he has sent to Ireland to
investigate the Potato disease. Some say
that Parliament will be Immediately sum.
moned to consider what ought to be done
in the present emergency. A Privy
Council must be called ere the ports can
be opened, and as no announcement of
such meeting has yet been made, some
days, it is probable, may elapse before
the policy Of the Cabinet will be made
public. The state of things in these king.
doms at the present time, with the GER
tainiy of "bread stuffs" coming in free,
or at the lowest nominal duty, must have
a considerable effect on the price Of those
commodities in the United States and
Canadian markets. As proof OF the oil
versity Of opinion which prevails IN the
Cabinet on the subject Of rescinoing the
Corn Laws, even for temporary purpose,
we may mention that another meeting
was held, at the house Of Sir. Robert
Peel, yesterday afternoon.
| CoTToN MARKET.-TheC Cotton market,
as reference to our reports will show.
continues in depressed state; there is
but little dong: and il prices are not ac-
tualy lower than at the departure Of the
las: steamer. they may be said to be in
favor of the buyer. The Cotton market
reflects so faithfully the general feeling Of
the commercial world, that il may always
be regarded, and in fact is, the best index
of the national prosperity or Otherwise
| A variety of circumstances will account
for the depression which prevails; foremost
amongst the number is the apprehension
of general panic, contingent upon the
fearful state of the potato crop the def
cheney or badness OF the corn crops; and
the absurd pitch to which speculation in
rails has been carried.
Other branches of business arc suffer.
! ing more or less from those combined eau.
ses, and as the winter approaches, this feel
| ing of alarm, there is too much reason to
apprehend, will rather increase than abate.
| The news which came TO hand last week
by the Cambria, gave no reason TO appre-
| bend that the new crop will be much, it
any, below that Of last yea-, and If has
had 10 perceptibe influence on the trade.
Long stapIed, IL will be seen, is lower than
at the sailing Of the last steamer /; SO are
Brazls so is common Egyptian; but the
| inferior kinds of American have not suf.
lered much dopression-albeit the turn o.
the market is in favor OF the buyers
Since Friday, the lst, the business has