--The scarcity of spirits of turpentine and other descriptions of naval stores; has caused quite a demand for them, and prices have consequently run up to an unprecedented figure.
Tar and pitch have advanced within the past three months from $1.50 to $5.50 per barrel, and common rosin from $1.25 to $5.50. The present wholesale price of turpentine is about $1.65 per gallon.
In a few months it is expected, should the blockade prove effectual, that the price will become so high as to almost forbid consumption.
We were, however, shown, a day or two ago, a private letter which is sufficient to convince any one that the blockade of the coast of North Carolina
is little better than a farce.
The letter is dated Havana
, and says that the schrs.
, Adeline, Maj. Barbour
, and others, have arrived there from different ports of the State
, loaded with about 1,450 bbls. of turpentine and 3,000 bbls of rosin.
So long as a reasonable supply can be obtained the present prices will prevail, and they will only advance further when it becomes evident that the blockade of the Southern
coast is worthy of the name.-- Phila. Inquirer.