Ypsilanti sentinel. [volume] (Ypsilanti, Washtenaw Co., Mich.) 1843-1900, 1847-04-28
FOREIGN MARKETS

The steamer Cambria brings the prospect o.
a good harvest in England, the effect of which
has been to fedice prices in Grain, more thar
the large importation from Europe and the east
There have been great fluctuations in the
corn market for the two weeks past and the ar.
| tce has receded to quotations.
Bowed Cotton 81 to 6ad Orleans 81 to H.
| At Liverpool on the Goth of March, the decli-
ming tendency of BreadstufIs infused Wig
orous feeling into the cotton market. The
manufacturers were in much better spirits and
came forward freely.
The business done was participated in by
both the Trade and purchasers on speculation.
Exports were in the Market and took a fair
amount of the better qualities for Orleans.
The animated feeling on the part of buyers
soon caused an advance and prices for all des-
criptions went up, full penny, while on the
great bulk held in the market an advance of fully
I'd was claimed.
The decline on the various descriptions of
food during the past month has been as follows:
On Indian corn twenty eight shillings per
ton.
On Rye four shiIlings per quarter.
On Rye four six shilings to eight shillings
per barrel.
On sack -four, "a to Is shiings $50 lbs; and
Within few days better feeling and reac-
ton has prevailed, and an improvement of shiI-
ling per barrel on flour took place at the prices
current for four which were as follows on the
sailing of the steamer.
Western canal 37s to 3Ss, Philadelphia and
Baltimore 36s sd and New Orleans at 81 to 35s
per Dbl.
The prices current for American wheat were
los Cd for Southern up 10 Is Sd lis cd per
10 lbs for Northern wheat.
Rye ASS to Sos per quarter.
ADDITIONAL BY THE STEAMER.
The news brought by the steamer Cambria,
and the Belfast packet so far as it relates to
Flour and Breadstuffs generally has been receiv-
ed in this city, aud is of much importance.
The arrivals OF all descriptions in the ports of
England and Ireland had been immense, and the
effects on the markets was to cause rapid and
unprecedented decline, considering the space of
time elapsed. More than forty vessels arrived
with provisions or grain in two weeks.
The extreme prices of flour were GAS to SO Cd
per Dbl. Philadelphia SO to Sc Cd, New Orleans,
34a35s.
OF Indian Corn sales at fifty two shIings
per $50 lbs.
The decline In the brcadstufls had an impor-
tant influence on cotton, for which an active
demand sprung up and prices advanced a d.,
per lb.
Not a word has been heard in regard to pro-
visions-we cannot but infer that they have al
SO declined to some extent.
The decline in corn from the date Of the VIM
kennedy's sailing, was as more. The corn
markets appear to have given way soon after
the 10Th of March.
1t is unnecessary to say what the effect must
be on this side. Prices must give way. The
recent large decline in freights very materially
lessons the fall On the ether side, but still do
not cover it, especially on corn. The eastern
markets Will be of great interest for some time,
and ourvigiIant and reliable correspondents will
keepus informed Of them. The first impression
will be panic, but after that prices will rally
somewhat.