Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1847-06-25
THE NAVAL STORE MARKET,
DEATH OF DANIEL OCONNELL, &c, &c.

Wednesday morning, the 10th inst, with Liver
pool dates to the 4th inst. We have condensed
such items of news, from Wilmer g. Smiths Eu-
ropean Times. as we think will bc interesting to
the aders Of the journal. In commercial point
the news is of stirring interest so far as the mar
ket for Breads: ufts aud Cotton is concerned; we
will not, however, detain the reader, but proceed
with our selecticns>-
Trade, in all its branches, has manifested much
improvement during the last two weeks. Money
Is more easily obtained and continuance of fine
weather, which leads to the expectation of an a.
bundant harvest, has caused reaction in the mar
kot for all sorts Of provisions. The transactions
in foreign and colonial produce have been to
large extent, caused, no doubt, by the extensive
importations which are going forward, and the
readiness of merchants to supply the market and
effect sales, even al reduced prices. On the whole,
a fair amoun of business is doing in all depart
mcnts Of trade; and although prices in most in
stances rule low, there is not any Dependency,
like that which existed among merchants in the
carly part Of he past month.
The improved state of the Money market, and
the great decline which has been going forward in
our Grain markets, added to the continued advices
OF short crop in America, has impaired a firiner
feeling in the Cotton trade. The sales of the two
weeks ending May %, were 1890 bales of that
quantity spectators took IL, $50 American and
O TOO Surat, exporters 1000 American, 1880 Per-
nambucO, and $50 Surat. With the improved
demand just noticed. prices have advanced, and
sti!l exhibit rising tendency. Our quotations,
up till Friday last May IS, compared with those
given in our paper of the 18th ult., show an adj
vance of Sd to I'll on American, and Id TO Id for
Brszil and Surat descriptions. The business for
five days up to yesterday evening is estimated at
$1,000 bales, of which spectators have taken A.,
O96, and exporters 1000. At present, however,
the speculative demand seems to be quite suspen-
ded. The imports of Cotton from all countries
this year shows decline upon that of 1916, while
the quantity exported is considerably larger; thus
from January S 10 April S, in 1916, there we're
imported l.ol9,73S cwt, during the same period
IN lS4T, 1854 CWt., being a decrease Of 1884,
S53 cwt. The quantity exported from January 5
till April 5, last year, was 58,258 cwt; this year
81 ,977 Cwt.. showing increase 10 the export of
S7l! cwt The quantity retained for consump-
ton has consequently diminished by about 1877
972 cwt.
The Corn trade was exceedingly active on the
18TH ult. Prices were then rapidly advancing to
what might be termed famine pitch. This WAS
caused by the aPprchendsd scarcity of supplies,
and the enormous demand which prevailed not
only for home consumption, but also to meet TO-
reign orders The splendid weather which has
prevailed during the fortnight, so exceedingly IA
NoIabIe for the growing crops, has given great
confidence as 10 an abundant and timely harvest
tuyers therefore, act with great caution, and the
business which is now being transacted is limited
and prices receding as fast as they advanced
Thee deliveries also from farmers although not vel
great, are more abundant of late and in proper.
ton a want of confidence has been shown nv
buyers, holders have manifested greater anxiety
to realise. The consequence, therefore, is, that
there has been a considerable reaction in prices
and the business done of limited character, the
fall from the highest point having been about 2Os
per quarter; but the market is HOW more steady
and tending upW ards again. Flour had declined
to 4Os per barrel, hut is worth AIS to AS, the
latter being the value of the hest Western soul
Flour, 37s to 3Ss per barrel American Wheat
los I'D TO l2s Cd per 70 lbs Indian Corn is sea
dy at SIS to SIS. Indian Corn Meal is in fai
demand at 26s per barrel for yellow, and 3ps 70
white.
At late hour last night Messrs Maxim 6
Son, extensively engaged in the Corn trade at Liv
erpCol. report as follows -" With very few arri
Walls since Tuesday, Flour is Is Cd per barre ant
Indian Corn Is per quarter dearer, with 4 fair de
mand for each; and generally firm appearance
regards all the leading articles Of the Corn trade
Cured Provisions are in moderate demand pri
ces are, however, on the decline. This remark i
more applicable TO Butter. With respect to Ba
con we have to note an improved demand, tn
warm weather having improved the consumption
that fine parcels are rather the turn dearer-th
quality of Western cured being proved very irreg
uIaf, and sold accordingly. American Beef ha
met steady demand and, with light imports. th
present tendency of the market is upwards. Por
Is in fair supply, and moves off slowly at our quo
tatIons. The market generally must be corside
ed fat Lard has rocedcd in value under the pres
sure Of liberal supplies and the warm weather, q
we'll as varied quality hut superior qualities wi
arrive to good market by and bye. New Yor
refined, in assorted small boxes, have brought &c
90 G7s per cwt.
O Tic improvement in the Money market III
kept pace with that of commercial affairs genera
q iy. HE continuance of extremely fine wealth.
has worked quite revolution in affairs for,
the price Of Corn falls Consols steadily rise, Il
advance last week being fully per cent. Durn
the last two or three days, however the mark
has slightly ,ded, no doubt influenced hy Il
tendency OF the Corn market to advance.
O The Discount market has relaxed considerable
ihe bank itself taking the lead. Unexceplional,
bills are now done at s. to 81 per cent at Il
SdIHe |lIle puSlIItsS continues ratncr on contra
ted SCALE as no prudent house will venture on e
0 sensive operations until prices have permanent
settled down. In fact, we can hardly hoye for ar
permanent amendment of great extent until Il
prospect of good harvest is placed almost bevor
doubt. The settlement of the six weeks Co
soils, and t e semi-monthIy Foreign Stock al
o Share markets, have been got over with the a
nouncement of one small failure only, athou!
tie Cnnsol Account was particularly heavy OF
To-day the funds were flat at the closing pric
Of yesterday. The reaction in the Corn mark
has quite checked speculation, and this being /,
Celei day Of Ascot races, has also thinned the
seal attendance.
EUROPEAN CORN TRADE.
LOxDoN.-The Corn trade has assumed an
tered appearance from that last noted. Fine wea
err and the prospect of large supplies from the
tic, &c, have induced holders to act very cauto,
~. On the 18th and 2 st ultimo the market "
quiet but the prices of the 18th were maintain
From the 22d uliimo till present date June |,
reaction alluded to has existed and will Ek,
continue so for some time; accordingly. on ,
gath, the trade was very dull. and before 81
could be made decline of 6s to Is per omar
from the rates of that day se'nnight had TO be $,
mlted to. Barrel Flour was Is, aud sack SIS 10
or further decline was established on the %
namely, 3s to 4s per quarter on Wheat, and 3G
O As per barrel on Flour. Indian Corn and NJ
also receded to similar extent At vesterda
market, May 81, there a short supply of I
Clash Wheat, which was cleared off early at a
nuclon OF lbs to IFS per ar. from the ,previt