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
this gentleman’s _Monthly Colonial Circular_, dated March the 18th, in
which I observe a considerable increase in the exports of plain
calicoes, printed and dyed calicoes, and cotton yarn to the following
markets, with a few exceptions, for the first two months of the present
year:—Calcutta, Bombay (increase in printed and dyed and in yarn, and
small decrease in plain only); Madras (considerable increase in plain
and printed and dyed, and small decrease in yarn); Singapore and Manilla
(small decrease in printed and dyed and in yarn only); Batavia (large
increase in all kinds); Hong Kong and Canton (large increase in plain,
and small decline in printed); Shanghae (trade removed to other Chinese
ports in which there is a large increase): Australian Colonies (increase
in all kinds); Mauritius (stationary); Cape of Good Hope (increase in
all); Coast of Africa (decline in all); Jamaica (decrease in plain and
increase in printed); Honduras (increase); other West Indian ports
(decrease); Cuba and St Thomas (both increase); French West Indies
(increase in printed and small decline in plain); Brazils (large
increase); Chili and Peru (large decrease); Colombia (decrease); River
Plata (considerable decrease); Mexico (increase in plain, and decrease
in printed); British North America (season for shipments not commenced);
and United States (increase in both printed and plain, and a large
business done, the shipments for the two months being upwards of half of
the entire quantity exported in 1849.) Compared with the average of the
same period of the preceding three years, there is an increase to nearly
every market. With respect to the shipments to European markets, I
cannot speak with precision as to quantities, from the circumstance,
which I have named, of the accounts not having been yet made up. From
the monthly return from the Board of Trade, however, it appears that a
general increase has taken place in the declared value of cotton
manufactures to all markets, the amount being in 1850, £3,264,350 for
the two months, against £2,837,300 last year. There is a very trifling
decline in the export of yarns. From my own observation, I should augur
that the increase has extended over March, to the United States and the
markets of the Pacific especially—an unusual stimulus having been given
to the consumption of these markets by the Californian discoveries. By
the bye, I ought to mention, in connexion with the increase in the
declared value of our exports this year, the fact that, owing to the
advance in the price of the raw material, the value of goods exported
will be rated higher than last year. To some extent, however, the severe
winter of this year preventing the early opening of the navigation of
the rivers of the north of Europe, as compared with the mild season last
year, may be a set-off. The Mediterranean trade, and the operations of
the Greek houses, have also been limited by our petty quarrel in this
part of Europe.
Public-domain text, read in full here on John Shaqi.
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