Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1849-03-30
From the Baltimore Sum- 2sth inst.
ARRIVAL OF THE STEAMER CANADA

The Canada, Capt Judkins, with European
news to the 10th inst, arrived at Halifax on
Thursday evening shortly after 9 o'clock,
having experienced very heavy weather on
her passage. She was detained Is hours off
the harbor, in one of the most terrific gales
known on the Coast of Nova Scotia. The
same gale, which was from the southwest,
was most severely felt in the Bay OF Fundy,
and no doubt has caused many marine disas-
tiers.
The Canada left Halifax at IL O'Clock, and
was expected to arrive at her wharf, N. York,
early on Sunday. She has 80 passengers.
Commercial Matters.-The terrible accounts
from the seat of war in India, united with the
decided tone of defiance lately assumed by
Russia, and the attitude the Gar is evidently
preparing to assume in the warlike operations
in Italy, Austria. &C., have caused an uneasy
feeling, and have operated injuriously upon
the business of the country. But trade, not
withstanding, continued steady, and prices for
most articles of produce are very satisfactory,
The funds, under the influence of the unea-
sy feeling alluded to above, have fuctuated
considerably, and have receded fully one per
cent. within the last fortnight II is crafty
ing to observe, though, that during this time
it cannot be said that stocks have actually ris-
en-, yet there has not been the slightest reduc.
ton in cotton. There is less business doing
than when the last steamer left, and slight
falling off in prices has followed. This. how
ever, did not occur till the last week-the
sales continuing large and prices very firm up
to the closing of the market on the I'd inst.
There is a greater degree of dullness and
gloom in the grain trade, throughout all the
leading markets, than there has been for
long period. Prices continue to droop, and
from present appearances, under the pressure
of heavy arrivals from abroad, the bottom has
not yet been reached. From the manufactur-
ing districts the accounts continue favorable.
There is also fair business going forward in
the produce markets on the Continent. Pri-
ces on the whole are steadily maintained.
The Meal market continues active, and pri-
ces are on the advance.
AT Liverpool, on the 9th, white wheat was
sold in small quantities at IS lOd Is Cd
Southern flour 25s Sd 26s. Western Canal
25s 25s Sd. Philadelphia and Baltimore
GAS cd 25s Sd. Best Northern yellow corn
29s Sd, and mixed 2Ss 28s Cd per quarter.
Meal is quoted at IS a IDS per Dbl.
| Provision Market-There is a fair trade
going forward in American provisions. The
arrivals OF beef are very heavy-already three
times as great as at the same time last year -
Fine qualities bring full prices. Other sorts
are 10 be had on very easy terms, say SIS a
SIS per fierce for ordinary prime. Mess pork
barely supports rates. Lard is in fair demand
at decline of Sd per cwt. Cheese is steady,
but butter has receded Is Is Sd per cwt,
and in some instances 2s has been accepted
Rice partake OF the dullness applicable to all
kinds of breadstufs, and finest qualities OF
Carolina are quoted at 18s 2Os per cwt-
Naval Stores are quiet, and command frmel
prices.
Money Market.-There is a small increase
OF bullion in the last Bank accounts, which
indicate a change in the money market, ant
that the demand for bullion for the continent
is increasing. Domestic securities have been
on the decline, owing to European affairs anc
the bad news from India; but consuls, it will
be seen, still stand at the high figure
The London money market continues easy
Discounts OF the best paper range from p Il
p per cent. Consols for money, the loves
91s-highest and closing, 92-for account
lowest, 9ls-highest and closing, 92t.
American stocks fully maintain their price
and il was expected that when the news o
the rise of United States six per cents to 10.
reached New York, that there would hav,
been corresponding rise there Then anoth
er rise here would have infallibly followed
England.-Financial Reform BW-Il
Parliament on the Goth ult., Mr.. Golden, in
speech of the most temperate character, bro
forward his long heralded financial reform
} bill.
The Budget, he main object of which wa
to cut down our expenditure to ten million
pounds per annum, &C., was met by the Char
cellor of the Exchequer, who introduced a
epltome on all the arguments on the subie.
during the last two months, and injured tn
strength of Mr.. Cobden's suggestions. TIL
debate which followed falsifed all the expec
tatons entertained by the friends of the fnar
cial reform champion. 1t languished frol
. the beginning, and the question was dispose
r of on the same evening-Mr. Cobdens amenc
, ment being rejected by majority of 1877
the number being PTS to IS.
Protection of Agriculture-The protection
u lists through the mouth of Mr.. Dlsraell a
Q making an effort TO meet the question on al
i riculture. They have placed motion on Il
paper declaring that taxation for national pu
poses caused mainly if not exclusively upt
land and real property-that this appointing
u is aggravated by more than one third of Il
a whole revenue being derived from the excl
), on agricultural produce now offered to Il
competition of the untaxed produce Of 9th
o countries, thereby limiting the demand f
# British produce and lettering trade and indu
e try. The presumption is that the discussic
-. of the subject will merely raise the questic
of agricultural burdens without leading 10 ar
u legislative result.
1t An important document has been laid upt
|, the table of the House of Commons, shown
" the disposition of the various governments
:. Europe to reciprocate similar advantages wi
~ those we propose to concede to them by Il
st abrogation of the Navigation Laws.
u Austria promises to instruct Count Cole
IN do on the subject.
Belgium is not prepared TO abolish defere
. tial duties. as no Belgian vessels could col
d. pete upon equal terms with England
a France adduces the well.known liberal a
% friendly disposition, as an earnest of her e
deavor to do all in her power to reconcile t
interests of French commerce and navigati
~ with the principles of perfect reciprocity
It, voked by the English Government.
o Greece declared her commerce free, exec
. for coasting trade, and no restrictions thu
{ contemplated Hanover avoids an explI
answer, but Hamburg. Bremen, and Hol'a
to all declare for the Free Trade.
IS. The Portuguese evade an answer by ref