Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1847-03-05

EFFECTS OF THE CAMDRIA's News ON THE
MARKETs.-The news brought over by the
Cambria, had the effect to unsettle the markets
for breadstufs very materially and for day
or two, Flour and Corn declined. 1t has,
however, revived again. We have seen a
private letter from New York, which states
that upwards of 100000 bushels Of Corn have
been sold in that city for export, within the
last month and that there are now orders for
hundreds of thousands, perhaps millions Of
bushels, yet to be filled. The great difficulty
is in getting vessels to carry the produce a.
way. We do not think that the price will go
down. The demand is larger now than it has
been at any previous time. Below we give
few extracts on the subject, which we think
will be interesting to our readers.
In the Baltimore Market, says the "Sun,'
on Wednesday, breadstuffs advanced in price
and improved IN sales. The following are the
quotations which that paper furnishes:
Afternoon, Feb. 24.-FLoUR.-Thereis a
better feeling in the flour market to-day, caus-
ed by the receipt of private advices. A small
sale of Howard street brands was made last
evening at SIS 81 ID, which price is now gen
orally contended for, while some holders are
unwilling to take less than Sc. City Mills
| flour is held at Sc, and Corn meal at 81 "a
GRAIN.-Sales OF white Corn at Soc, and
yellow at 80 a 83c--a slight advance on yes
terday's rates Oats 4Oc.; Rye 80. Prime
Glover seed SIS SO a IS 81 1-2 per bushel.
The New York Commercial says -
"The letters by the Cambria have now
been received, and we are able to form it'll,
better opinion as TO the aspect of the news.
1.-The news, we think, is scarcely so des
perately bad as the extracts led us to imagine
Breadstuffs, to be sure, have declined consid
erably, but the falling off appears to have beer
rather the result of temporary panic, arisin!
from dread of an increased stringency in tn
money market, than from any fear of an owe
estimate OF the existing and perspective scar
) city, or OF an under estimate OF the supple
from abroad.
g Our London correspondents, a house o
the utmost responsibility in the grain trade
and men of candor and Judgment, it will b
seen, anticipate that the present depression
but temporary, and that it will shortly even
tuate in a reaction"
The following, from the Boston Daily Ad
vertiser, is regarded by the Commercial as nc
to be relied on, though the paper from whic
it is extracted is one OF the most accurate
the country:
owe learn in addition, on the authority {
Captain Judkins, that on the 4th, large nun
Der of vessels with breadstuffs arrived at Lily
erpoo, and that the price of flour fell on tn;
r day dollar Darrell
e If this should be true, it is undoubtedly VI
~ important, but we are inclined to thin
E there must be some mistake in the matter.
S fall of As Cd, or 81, on barrel of flour in
part of day seems to be almost too much fc
: belief.
: The New York Commercial further adds ::
1.-The Sarah Sands, it will be recollecte
:; brought the intelligence of the advance of flo
e to ass for Genesee, free, and 43s. Iii bond.
The letters by the Cambria tell US that flo
: had sold as low as 38s., Sd. for Genesee, b
: at the close there appeared to be little re-a
e ton, and 39s. Cd, had been obtained on Il
e afternoon of the Sd inst"
:, The Boston papers state that twenty a,
e more OF the passengers by the Cambria a
lri.h corn merchants. who have brought