The  moderate  prices  at  which  wheat  and  flour  are  ruling  iu  the  United
States  render  it  more  than  probable  that  the  wants  of  this  market  will
in  future  be  chiefly  met  by  direct  American  importations^  to  the  preju-
dice and  interference  of  the  regular  supplies  usually  arriving  from  Mar-
seilles and  other  breadstuff  markets  in  the  Mediterranean.  I  can
already  perceive  a  falling  off  in  the  importations  from  these  quarters,
while  those  direct  from  New  York  are  increasing  and  promise  to  be  more
important  in  future,  offering  a  further  well-grounded  reason  for  the  dis-
quietude which  seems  to  pervade  the  principal  markets  of  Europe  for


AMERICAN  PRODUCTS  AT  GIBRALTAR.  435

breadstuff's,  consequent  to  the  gradual  increase  in  the  shipments  of  Amer-
ican wheat  to  Europe,  in  view  of  the  immense  yield  in  the  United  States.
PETROLEUM.
No  facilities  have  yet  been  granted  for  depositing  any  quantity  of
petroleum  in  this  garrison,  therefore  no  encouragement  otters  for  specu-
lation in  this  market.  The  yearly  importations  have  reached  33,706
cases,  against  48,893  cases  during  the  preceding  year.
ALCOHOL.
