Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1847-06-19

there has been wide field for speculation,
which has been embraced very extensively.
The parties selling, however, in most IN
stances, have had other supplies under their
control, ready to be delivered, as speedily
as the same could be transported on the ca
nal.
On the receip, Of the Rainbow's news,
yesterday, flour went up half dollar, and
corn cents, although the steamer was ex-
pected hourly.
No one, even the most sanguine, antici.
pated any rise in Europe, sim lar to that
now received. All parties are consequent
" disappointed. Fifty shilIings for flour
in Liverpool, COS to 63s Tor corn, are truly
most ex,ravagant rates.
The effec, Of this news, as might be ex-
pected, has been great excitement in our
market. As soon as the news arrived buyers
went into the market, and took all the flour
they could lay their hands on at S9i, then
S9s-this being a dollar above the rates OF
yesterday. Now holders ask S9i for Gen.
nesee. Corn, which sold at 10 cents two
days ago, is now sold at l23 cents, and 1875
cents is asked. These are prices in sea.
son OF plenty that are altogether unparal-
eed. All other grain has improved.
1t is most fortunate, for large number
Of sellers Of flour and grain, that these &C.
counts were not received prior TO the 3lst
Of May. On that day, owing to the delays
on the canal, a vast number OF contracts
were settled, but at very moderate loss,
compared to what these bargains could
now be closed at.
The advance now will be realized Who'll
ly by the holders Of Breadstulfs. For the
past six months, when an advance Of prices
took place, the ship-owners put up the rate
OF freights in proportion, and fortunately
for them, were greatly benefited. Now
the number Of foreign vessels in port is SO
great, that no advance Of freights can take
place.
The want Of capacity in the Canal is now
most serious evil. The whole popula.
ton OF this city, and of this portion of the
country, are paying full fifty cents a barrel
more for flour than they would be charged,
! if produce could be transported with great
er despatch, and at lower rates.
The News AND THE MARKETs.-The news
by the steamer Hbernia, has had the effect
OF bringing our market for breadstuf1s to
stand, the asking price of every description
having advanced far beyond the highest
| point Ol tTe sedSOUs I1OWdTu street dIlO
Susquehanna flour was held at $40, whilst
holders OF corn and wheat seemed to be I'm.
decided as to how high they should Co.
Through some accident, our despatch Of the
news did not reach US as early as it should
have done, and the private advices received
were Of such contradictory character that
they only served to further unsettle the
market. Indeed, we have never witnessed
such season OF excitement in our COM
mercial community as prevailed throughout
the day. 1t will be seen by our telegraph
&c despatch from New York, that the ex-
citement in that city was equally as great,
and that great activity prevailed. The
sales Of some descriptions were very large,
and the advance Unprecedented.
P. S. Since the above was in type, we
earn that some small sales Of Howard
street flour were made in the Baltimore
market at Sloi Dbl. Bait. Sun, June 4M.