Alexandria Gazette & Advertiser

FROM RIO JANEIRO. Baltimore, Dec. 20.--By the ship Hope, captain Dungan, at this port on Saturday in 46 days from Rio Janeiro, we have a continuation of unfavorable accounts respecting the state of the markets there, The ship Atlantic, of Norfolk, arrived on the 23d October, with 3000 barrels flour, which could not be sold; the brig Belvidera, of Philadelphia, via Pernambuco, with 1300 bbls. of flour, seeking for a market; the ship Liverpool on the 24th Oct. from Norfolk with 3500 bbls. --loading; ship Hamlet, from Norfolk, on the 31st, with 3000 barrels, These are in addition to the vessels and cargoes reported by the Robert at this port--besides, there were several large cargoes daily expected from the United States, some parcels from Liverpool, and wheat from Antwerp. There were in store two cargoes of wheat, about 6000 barrels Hamburg flour, and 4 or 5000 barrels of other flour—the price about six milreas, long credit. The port of Rio was also overstocked with wines and brandies. We are indebted to the politeness of a commercial friend for the following extract of a letter, dated 'RIO JANEIRO, 31st Oct. 1824. 'The old flour is selling since our arrival at six milreas, and that only in small quantities. It is impossible to tell what is the best time to bring a cargo to this market as things are now going on, the trade is not worth prosecuting—and so long as we continue to ship from the United States three or four times the quantity of flour that is wanted, to make a good voyage will be a miracle. From May to the 24th October, the quantity of flour brought here from the United States was 56,000 barrels—29,000 barrels of this went away to look for a market. In addition there have been many thousand barrels from France, Hamburg and Liverpool --from the former places it has sold as low as four milreas—many cargoes of wheat have also arrived, which scarcely paid freight and charges. From this view you can judge what must be the result of shipments made from the United States in Sept. and October, Coffee is the same price as when the Philip's cargo was shipped—Sugars are higher, but as the new crop is now coming in, they will be lower. The stock of domestic goods in the river [Plate] is immensely large, and they are also selling low here. The quantity is much too large, and if we get off without loss I shall be satisfied The ship Six Brothers of New York sailed the day we arrived. 1000 barrels of her cargo of flour were sold at eight dollars, deliverable at Lima."