Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1847-03-11
From the Cincinnati Gazette, March l.
The News and the Markets.

The effect in this city of the publication Satur-
day morning of full details of the news by the Cam
bra, was to create increased rmness In the market
generally, and carry Flour back 25a40c towards the
point from which it fell two days before the publ
cation of the telegraphic reports of decline Of
shiIlings per barrel in Liverpool The lowest sales
on Thursday were wagon lots at S3S5aSO; en- Satur-
day S425 paid for all sold and very few holders
we're disposed TO let go al that prce-most of them
asking S4:37i and some Of them $3.50. The feeling
here Thursday parook very much OF the character
of PGnic and had buyers appeared promptly with cash
in hand the probability IS strong that large lots OF
Flour would have changed hands at about S4O0a3S5.
No buyers appeared, however, at these rates, who
would operate to any extent, and consequently trans
actions were very light There is now good feeling
In the market again, and intelligent opinion looks to
prices return to about the point at which
the arrival of the Cambria found them.
As 10 the effect of the in the eastern cities
we left somewhat in doubt. The telegrephic re-
ports of actual transactions look much better than
the comments of the press on the advices The fol-
lowing from the New York Express, is fair speci-
men of the view taken of the matter on one side:
"The news by the Cambria is Of the greatest interest
and will produce much sensation in the produce
ket the mail by the Hberna the Sarah Sands The
advances noticed by these ships marked
Than is The decline by the present mail The stocks of
grain now al Liverpool very large, and the tendency
of prices downward from The that shipments on
the way, and to be made will keep the stock from
Oh the utcllUe,
winch is the natural consequence advance in food
Ashes ittie higher but extended sales are no.
ced. All kinds OF sailed provisions higher but of
these have usual large stock and the advance
will not be much in favor. The price of -four
all probability has, for this year, reached its height and
we only look Cor another such demand when the
deficiencies of the next harvest are known
The news of the Cambria reached New York from
Boston Saturday evening, and this is the language
of the Express Monday morning. By telegraph
we have reports of sales to "Wednesday night. The
price at which they were made was S700, and hold
ers asking 7:124 On Thursday and Friday,
previous to the arrival of the news, there sellers
of Genesee at S725a737f, but no buyers. The worst
that be made then, far, is decline of 25c per
barrel which one would think not sufficient to startle
any paper from its propriety
The Tribune of Tuesday holds the following Ian
guage:
"There large attendance on Change to-day,
but the transactions were only moderate, merchants
having been disappointed IN getting their correspondence
There good deal OF dissatisfaction expressed that
Boston should be two days ahead of New York get
ting foreign correspondence. The dealing in breadsufs
was not very LARGE and there very general impress
sion that the market would recover what It lost
yesterday"
This is better And still more in accordance with
our views from survey of the entire field OF obser-
walton embraced in the we published it on
Saturday, IS the subjoined paragraph from the New
York Herald =
cent, by the bank of England is intended, doubt
check speculation in breadstufis; but il is question
whether it will have the effect aimed 1t
preston that, If II has any will be but temporary.
The famine in Europe is generally extended, the
scarcity of food great the OF supply on the
Continent so limited, that conceive possible
to prevent further rise in breadstus The first effect of
the advance in the rate onteres great depression
the various markets. but they rallied, will be by
the reports IN our foreign news aud steadily i'm
proving. The demand for breadsluis comes from a
source which be affected by any movement in f.
nancia circles. demand for food for immediate con-
sumption only be satisfied by furnishing supplies
and those supplies must be forthcoming, matter what
prices may be-.
The Journal Of Commerce of Tuesday s." The
feeling generally In the market is confident, and pri-
ces very much before the news"
In Boston, before the Cambrias news arrived,
Flour very dull at S7l0a7l2i for Genesee, and
the teegraphc despatch to Tuesday night represents
1t as still inanimate, but quotes sales Of Genesee at
S7:25.
We republish here Wilmer g. Smiths tabular state
ment of prices current at Liverpool January 4h and
Eohru dfh