Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1845-10-21
FOREIGN NEws-srEcULATIoN IN FLOUR.


We understand that there was no attempt in
this CITY 10 speculate in Flour upon information
received in advance OF the mail with the Great
Rrilain's news. The game was tiled hy Inc Bos
lonians, but succeeded only partially In this
mailer, the "cu,e" Yankees were haliied by the
sill more "cuen New Yorkes. The Albany
Atlas of Thursday gives The following sketch OF
what was DONE and what was not done. We
concur in The conclusions Of The Atlas, provided
the price Of cotton he not reduced by the gloomy
state Of the English Corn Market. Alter all cot
ION is the great regulator Of the money matters OF
The world, and nothing can benefit all The interests
Of the United States more than fair price for
cotton. The steamer, now daily expected, will
throw much light upon this Interesting question:
"The news was looked for with great anxiety.-
On The receipt OF The Great Briains papers, some
| (Boston) spectators chartered an express train
| on the Eastern Railroad reached here Yesterday
morning, and after communicating with their cor
respondents here il was said, started West 10 ex-
| lend their arrangements. To counleract this ru-
mored movement, the Utica and ALBANY RR.
despatched an extra train at y o'clock, p. NJ,
| Yesterday, which was expected 10 connect with
| the morning train al Auburn. The express mes
senser was also accompanied by The agents Of
several OF our large dealers, whose purpose was
10 notify their correspondents, the mlers and 9TH
er dealers West, OF The intelligence. II is now
said, that The Boston operators did not arrive in
time TO 90 West in the morning train, and that
The afternoon express from the city carried the
| first news thilher. The operations in this city
we. e large. About 5000 barrels Of -four changed
hands and large quantity OF wheat. The pur-
! chascs u the former were made al from 81 10
$5, which at the prices at which the market closed
after the disclosure Of the intelligence, left large
profits.
is il not little strange, that the produce deal
ers ofthe West had been, previous 10 The arrival
repeatedly cautioned by The press against extend
ing their purchases on the presumption of fail
ule in The crop abroad This unusual advice
was given with an air Of wisdom and of solicit
lude Tor The interests OF dealers, and was repeated
by several associated papers, 50 as doubtless 10
produce an effect. This ovcr-soicude was, 10
say The least, manifested, the event has proved,
most inopportuney, 50 tar as the interests OF the
farmers and dealers was concerned. The advice
was doubtless disregaIdcd in many quarters, but
the concerted effort was not without its effect in
deterrng operations aud depressing the market, 50
as 10 leave, in fact, n wider and more profitable
margin for speculation.
"The effect Of this rise, if il shonld be main
tanned, will extend beyond the corn market. II
will give new animation 10 trade in general, and
by throwing the balance Of Exchange against
Europe and thus inducing the importation oi spc-
Gle, will give TO business and 10 The currency new
stability and strength"
the Albany Argus says:
"Aboul 5000 barrels Of -four, and a large guam
li,y OF wheat, changed hands. The sales were al
$5 for flour but IS 50 was refused after the facts
were known. Wheat was sold al log and 1907
cents, and 10 offered lora cargo coming in"