Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1854-10-13
The Export Trade, etc.

The exports of breadstufs 10 Europe during the
month of September have been exceedingly light
There has also been large falling off in imports and
the decrease for the remaining months of the year is
expected to be much greater. The large sales of
goods made through the auction in the earlier
part of the season, mostly at lower rates than at
which they could be imported have efectualIy check
ed mportations for time, and many in the end tell
on the revenue of the government. At the present
period of high rates of sterling exchange active ship
ments of specie, and light exports of breadstufs we
find the resources OF our country still ample to meet
this apparently threading phase in commercial af
fairs, and TO sustain national prosperity. The
crop of cotton promises to be full average one 1t
has commenced arriving nearly month earlier than
last year, and is said to be OF fine quality. Some
shipments of new cotton are already on the way TO
Liverpool and before November sets in, at the pre-
sent low rates of freghs, the exports must become
so large as to tell against the rates Of exchange. With
the decline of sterling bills shipments of specie will
cease. The banks remain strong, and the gold re-
ceived from California remains among u.s. Sterling
exchange is already easier and closed on Wednesday
at 81 to 50, and dull at that, while last week as high
as 10 was obtained Two thee of the last steam
ers have carried out less specie than predicted.
About $500 900 instead of $6OO0O as first reported
went from Boston the 9th, and 81 1O2, 900 from
this port on the 3Oth ult, instead of 81 100000 as
predicted and less than million Yesterday which
was the sum confidently predicted. No considerable
parcel is likely TO be again shipped from this side
tober. In the meantime we shall probably again
receive over two millions of gold from California
Cotton and gold are things which, with economy and
prudence, will sustain and carry the country through
its difficulties in triumph.-N. Y. Herald.
THE REACTION CONFERENCE.-THE steamship City
of Manchester sailed from Philadelphia Saturday
with 80 cabin and $50 seerage passengers; and the
packet ship Tonawanda, for Liverpool, sailed the
same day with 2o4 steerage passengers. We have
noticed of ate frequent departures of large compan
ions of emgrants from this port their return the
old world. These occurrences seem to indicate that
reaction TO the excessive emigration of past years
as commenced. A vast Improvement has taken place
in the condition of many of the estates in Ireland
since relieved of her redundant population and which
added to the operation of wholesome laws, and the
favorable yield of the grain and potato crops, impar
strong additional attraction to the old ''feshpots"
~ Y. Jour. Com.
DAVID G. McDUFF1E, Esq, has been appointed
Chief Engineer of the Cape Fear and Deep Rive
Navigation company. This is good appointment
as Mr. McDufhe is a gentleman of ability and energy
and every way qualified for prosecuting the work il
charge.
The appointment was made to fill the vacancy oc
casioned by the resignation of Capt. Smith.
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