Blackwood's Edinburgh Magazine, Vol. 67, No. 415, May, 1850Various
History
Blackwood's Edinburgh Magazine, Vol. 67, No. 415, May, 1850
Various
England -- Periodicals; Scotland -- Periodicals
firm in the trade, Messrs George Holt & Co., in their circular of the
12th April, expresses the opinion of all except the most sanguine:—
“We can hardly account for this tendency of prices,”—(they had
slightly advanced during the week)—“or lay before our readers any new
circumstances affecting the value of the staple. No doubt confidence
in the shortness of the American crop remains, and probably is on the
increase. We may add also that stocks in spinners’ hands are at a low
ebb. Still _we have, from day to day, discouraging reports from
Manchester as to the state and prospects of a very large part of the
spinning and manufacturing trade. This depression, which has been so
long in existence, must be got rid of, or modified, before we can have
any permanent well-doing in the raw material._”
“Depression so long in existence!” A great majority of the public, with
the speech from the Throne, and the prosperity-speeches of movers and
seconders of the Address before them, imagined that the cotton
districts, at all events, were flourishing!
A later circular of the produce market, published upon the authority of
the entire brokers of the port, exhibits the state of the general
produce market in even a worse light than that of Messrs Littledale,
quoted above. I append it here:—
“LIVERPOOL PRICES CURRENT, IMPORTS, &c. for the week ending _April
12, 1850_. Arranged by a Committee of Brokers.—T. M. MYERS,
_Secretary_.
“SUGAR.—Holders continuing to offer freely, there has been a fair
amount of business, but at rather lower prices; 450 hhds. B. P., of
which 300 were new Barbadoes, sold at 34s. 6d. to 41s., 3500 bags
Bengal at 34s. to 40s., 1600 bags Khaur at 28s. 6d., and 3500 bags
Mauritius at 36s. to 36s. 6d., being a decline of 6d. to 1s. per
cwt.—_Foreign._—180 hhds. Porto Rico, of the new crop, sold at 40s.
per cwt. duty paid; the export demand continues slack, and sales are
only 24 cases, 150 bags and brls. Brazil and 100 boxes
Havanna.—MOLASSES.—The new arrivals coming in have induced holders of
last year’s crop to take much lower prices than have been hitherto
accepted; the sales are 500 puns. Porto Rico at 15s. 6d., 400 Cuba at
15s. 6d. to 16s., and 300 Barbadoes at 15s. per cwt.; the two cargoes
of new Porto Rico, just arrived, have been sent to store, the
importers not being willing to accept the low price offered by the
Trade; the quotations are reduced accordingly.—COFFEE.—The recent
import of Jamaica has been freely offered, and the slight improvement
that existed ten days ago is entirely lost, prices being now as low as
ever. 80 tierces have been sold, at 46s. 9d. to 54s. for low to fine
ordinary, and 62s. to 100s. for low to fine middling—the latter
quotation being 15s. below the rates of January. 100 bags native
Ceylon were sold early in the week at 52s. 6d., but that price is not
now obtainable, the nominal value being about 48s. per cwt.—A small
Public-domain text, read in full here on John Shaqi.
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