Further California News
--San Francisco papers, of the 8th inst., note sales of thirty thousand gallons spirites of turpentine on the previous day at $1.15 per gallon, causing much excitement in the market. This marked change arises from the expectation that further supplies cannot be received from North Carolina; holders on the 8th asked $1.50 per gallon.Advices from the Sandwich Islands state that the British steamer Albert took formal possession, for the Queen of England, of Fanning's Island, located in latitude 30 40 N., and longitude 159 20 W., on the 8th of February.--The flag of Great Britain was raised amidst a salute of small arms and twelve-pound field howitzers. The entire ship's company officiated in the ceremonies. The harbor has been termed English harbor.
