Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1847-07-30
THE NEWS FROM EUROPE-ITS EFF
Feet IN THE UNITED STATES.

THE NEWS FROM EUROPE-ITS Eff
Feet IN THE UNITED STATES.
The steamship Britannia, at Boston, from
Liverpool, brings advises sixteen days later
from England, and thirteen days later from the
Continent.
AS we anticipated, the accounts, in COM
mercial point of view, are highly important
and favorable, and in a politicle point of view
highly interesting. The declinein breadstuffs
disappointed and the advance in cotton has
not surprised US, as such a movement was
sure to follow a downward movement in
flour and grain. 1t is impossible to tell what
changes may take place from time to time in
the appearance of the growing crops in Great
Britain or on the Continents but we know
that if the harvests come in as favorably
as is now generally anticipated, there will
be end to high prices, for this season at least.
| We cannot, however, safely calculate upon
the harvest until it has been secured-until
it is beyond the many dangers which growing
grain is subject TO while standing on the ground;
and it would be best to wait until every
thing in the shape of grain has been housed,
before we make any estimates as to the proba-
bic yield.
The accounts relative to the potato crop are
very contradictory. According to one autho-
rity, there is not the slightest appearance of
the rot, and the prospect for a fair yield is We
ry fattering; while, on the other hand, autbo-
rites equally high, give different report en-
tirely. 1t is wellknown that the rot, or what
ever it may be called, to which potatoes for
the past two or three years have been subject,
does not show itself in every instance in the
growing crop, but in most cases in the potato,
after it is harvested. 1t appears that potatoes
which are apparently perfectly sound at har-
vest, have been completely destroyed by this
disease after being carefully laid down, and
every precaution taken to guard against inju-
ry 1t will therefore be seen that the healthy
appearance of the growing crop, or even al
harvest time, is no indication of the absence
disease; and it will be the safest way to take
it for granted that there will be a deficiency OF
this vegetable, and govern ourselves accor.
dinghy.
1t is several weeks before the principal har.
vests of the United States comes round, and
there may be very important change in the
appearance of the growing. crops within thai
time. 1t would require very general injury
to our crops to have much influence upon the
f aggregate production; whereas, in Great Bri
tain, the danger is much greater, and the effec
of unfavorable weather much more seriou:
than in this country. Our territory covers SC
many degrees of latitude and longitude, tina
we have no fears of general destruction O
our crops; while in England what affects ont
! section, affects the whole The decline il
, prices for breadstuffs in Great Britain, within
he past two months, is the best indica
ton of the prospects relative to the har
vesl. Flour fell off from the middle. O
May to the first of July 16 shilings per bar
rel, and corn Is shillings per quarter Price
have now become reduced to point wher
they started, and were it not for the probabil
: tiles that the crops in this country will excee
those OF any previous year, we should sa
that they were low enough; but under tn
circumstances, we think they will yet reach
e lower level.
In consequence of the exorbitant prices fo
breadstuffs, which have for the past year rule
. in Europe, all departments of Industry hav
been restricted, more or less The cotto
manufacturers particularly have been seriou
:. sufferers, and have been compelled to suspend
IN measure, their operations This has ha
, a tendency to depress prices of the raw mate
+ rial, even in the face of diminished cror
d The reduction in prices for breadstuffs wi
q nave favorable influence upon cotton spin
g ners, and prices for the raw material must ad
l, vance. This will more than Offset anv loss t
e US, produced by the fall in flour and grair
n and produce greater activity in the manufat
turing districts of Great Britain. We an1ic
y pate steady advance in this staple on bot
IL sides of the Atlantic
e The London money market was rapidly in
J. proving, and in short time all traces of the rt
Is | Sfo
u circles, will be obliterated, and prosperity wi
> again gladden. the hearts of all.
We have given in our columns to-day, il
= teresting special dispatches from Madrid. Be
= lin, Paris and Dublin, containing details of a
the politicle movements emanatng from ii
: countries in which these cities are located
a They Will be found highly entertaining to I'll
Of have been engaged in hostilities with II
Of Chinese, in Canton and Cochine China, and
,r great number Of lives, on the part of the Ch