what are you sending on the wire? ethernet? If so it shoudl work if the cameras can be forced to 10mbit. I don't think cat 3 (unshielded twisted pair (UTP) cable) will reliably work for 100mbit. (Double checking with google, someone said "In regards to trying to use 100BaseT on CAT3 cable, it may work for a while but you may end up with a lot of problems: excessive crosstalk, dropped packets, excessive resends, interference, etc. " Someone esle said "As I said before I get 100M but the terminations HAVE to be correct. Twists have to be maintained and the cables cannot be damaged."
net seems to be, this is a bad way to save money vs. using cat5 or cat6.
aside: wireless access points (and wireless video camera if you haven't...