Blackwood's Edinburgh Magazine, Volume 67, Number 414, April, 1850Various
History
Blackwood's Edinburgh Magazine, Volume 67, Number 414, April, 1850
Various
England -- Periodicals; Scotland -- Periodicals
In the close of the same Circular it is stated:--
"GENERAL REMARKS.--The month of February affords
little matter for comment. It has been a particularly dull
month in business, and, when contrasted with the energy and
speculative excitement of January, the sudden change appears
the more striking. There is probably no _one_ cause to which
this can be attributed, but principally, no doubt, from a
reaction, the invariable consequence of over-activity. The
old complaints of railway depression and Continental disquiet
may have had some influence, but the large arrivals of some
articles, Tea, for instance, of which _twenty-five_ cargoes
have come to hand in five weeks, and the near approach of the
import season for Sugar, Coffee, and other produce, taken in
connexion with the advance of prices at the opening of the
year, have deterred the wholesale houses from operating beyond
their immediate wants.
"_Great complaints are made of the bad state of the country
shopkeepers in the agricultural districts. We have closely
questioned some of our wholesale grocers and tea-dealers, who
assure us that there is no disguising the fact that such is the
case, and that the general answer received from travellers is,
'they can get neither money nor orders.'_ The serious falling
off in the deliveries of sugar, coffee, tea, and cocoa, for
the two months of this year, compared with those of the last,
but too truly confirms these complaints, and are perhaps the
most alarming features in our present prospects. As given in
Prince's Public Prices Current of 1st inst. they stand as
follows:--
1850. 1849. 1848.
SUGAR, 37,006 43,408 42,368 tons.
COFFEE, 3,795,712 4,907,691 pounds.
COCOA, 450,774 558,888 "
TEA, 5,375,648 5,502,931 "
"The Chancellor's Budget is expected to be brought forward on
the 15th instant, when some measure may possibly be proposed
to check the unfair use of Chicory with Coffee; and to do
this, it is thought by some that an equalisation of the Duties
on Colonial and Foreign Coffee may be necessary; but, in the
present relative position of prices here and on the Continent,
the effect of such a change would not be much felt."
Public-domain text, read in full here on John Shaqi.
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