Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1856-06-20

winch VIII crush the abOlon StateS between an
upper and neither milestone. If you insist upon
another Bunker Hill, you shall not have it against
the South ne--Richmond Dispatch.
The Speculative Movement liz Sugars.
There has been for some time a movement going
on in sugars both in London and in other prominent
markets of the world. Like cotton, it is supposed
that consumption has oVertaken the productive avail
ability of labor devoted to lis culture With the ex-
ception of Cuba, scarcely any other sugar-growing
country has augmented its supplies, while in some
places including the State of Louisiana, in this
country, the reports have exhibited decided indications
of diminished crops.
1t is reported the most reliable authority, that
the Messrs Rothschilds, of London and Paris have
entered the sugar market The same rumor also pre-
vailed recently in Havana 1t is known that this
house have agents distributed all over the world
where there IS commerce OF Importance. These
agents found in sugar growing countries well
in other places 1t is through these persons the
house it is said, has been enabled to obtain reliable
information to the supply of the world; and then
by aeceainiDg the amount required for consumption
generally or less correct data could be obtained
on which 10 base IA largo speculative movement BY
purchasing supplies when everything could be had
cheapest, whether in Havana, Brazil, East Indies
elsewhere, they would be enabled, on an advance in
prices to realize large profits. To secure an opera
ton in this movement, it is likely they have had
something TO do with articles which have recently ap-
peared in London papers, and in the Paris Constitu
|
more or less true. that the sugar crop of the world
during the past year has been insufficient The
consumption of the world. Since the first of Nav,
and especially since the unfavorable prospects of an.
other crop in Louisiana have become known, prices
have steadily improved in this market; and sugars
have been high, both in Paris and London, during
good part of the winter and spring. and should they
continue to be sustained the house reported to have
engaged in purchasing largely cannot do otherwise
than make money.
| hoirl fol nd
control to greater less extent. such articles as
sugar and Coffee but the valuable product of cotton
would be above the reach or the grasp of a dozen
houses of similar streDgth.-N. Y. Herald of Tues
day.
The Fight between the Chesapeake and Shannon.
A correspondent in the Boston transcript gives
the following interesting account of this memorable
sea fight which occurred forty three years ago last
Sunday:
/ " There are, doubtless, some survivors who could
give thrilling recoiIec,ions of that memorable battle
III which the proportion of killed and wounded to the
survivors, said to be greater, for the short time
the battle lasted, than in any fight between single
frigates record. The battle lasted but fifteen min
ues, and in that time the Chesapeake had nearly two
hundred killed and wounded, and the Shannon one
hundred; being about three hundred in ALL or TWEEN
ty for every minute the action lasted!
"Alhough young at that time, living near the
scene of action, well recolect the exciting events
of the day, and heard the distant of the cannon
on that still, beautiful summer afternoon thousands
crowded the wharves and houselops of Boston; and
the battle ITSELF think, was visible with glasses)
from the top of the old Exchange Coffee House. All
the pleasure boats and floating crafts were in requi
ston, and filed the harbor and bay down 10 within
few miles Of the hostile frigates.
"Captain Lawrence hal taken command of the
Chesapeake but a few days previous, and was a
stranger to his officers and crew A large part of
the latter were drunken. rotous SET and in state
of great insubordnation from not having had some
J., prize money paid which due for their previous
captures His officers were young; his first lieuten-
' ant, Ludlow, hardly 81 years old. But such was
the confidence in the skill and bravery OF Lawrence
! that public opinion pressed, and would not allow him
to remain at anchor while British frgate of equal
size lay, insultingy, off and en- the harbor
captain Broke, OF the Shannon, was a noble off
/ Ger, and great diseipnarian He paid particular
attention 10 exercising his the great guns til
the rapdity and accuracy of their fire was celebrated
amongst the British cruisers. As he saw the Chesa-
peake loose her sas he exercised his men at their
cannon (Wlthout frng) for two or three hours, as
was stated by the Shannon's officers some years at.
ter tie also advised the numerous fishermen about
0 the bay to haul off few miles, as there would be
bloody work before night, and they might be injured
q Dy the cannon balls of both friend and foe This
r fact learned from bingham fisherman who was
; out in the lower harbor that day.
The chesapeake lifted her anchor about noon, the
s Shannon being then in sight The former ship was
gently waited down the harbor the Shannon slowly