The extraordinary quantity imported in 1862, we hardly need remark,
was due to the demand for consumption in army cloths. Indigo imported
directly, was made free of duty in 1861. The duty which appears by the
above table to have been charged since that period, was upon indigo,
the product of India, imported by way of England, which was subject to
an extra duty of ten per cent.
The indigo consumed in the United States is generally supplied by the
Boston and New York Calcutta houses, who have either an American
partner resident in Calcutta, or who employ a resident American as
agent. Indigo, like other Calcutta goods, is sold through the agency
of brokers, who receive on this article a commission of one per cent.
The value of the article is known almost daily in these cities by
telegrams, giving exact information of the state of the trade,
transmitted from Calcutta as often as every five days. Some of the
brokers publish monthly circulars, showing the stock of indigo with
other Calcutta goods on hand in our market. The regular trade reports
issued by the India merchants show that The higher qualities of indigo
do not come to our market. The following is an extract from a report
of Whitney, Brother, & Co., of 1871:—
Indigo for Continent fine 350 to 362 rupees.
„ „ „ good 330 „ 345 „
„ „ „ middling 310 „ 325 „
American consuming fine 280 „ 300 „
„ „ good 250 „ 275 „
„ „ middling 200 „ 240 „
„ „ low and ordinary 150 „ 170 „
At the present moment there is great depression in the trade in this
article. The last telegrams show a decline of price in the Indian
trade in this article of from fifty to seventy-five per cent from the
prices of last year; and the apprehension is even entertained that
indigo is going out of use, the dreaded competitors being the aniline
dyes, and particularly the Nicholson blue. We maybe presumptuous in
giving our opinion on the question, but we hazard the prediction that,
notwithstanding the temporary popularity of the cheap substitutes, a
reaction will take place in favor of that “wonderful and most valuable
production,” whose importance as a dye has been held in India for
thousands of years and Europe for two centuries, “greatly to exceed
any other.”[2]
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[2] The “Dictionnaire Universel du Commerce,” &c., published in
1861, contains an exhaustive article on the commerce in indigo,
by M. S. Beekrode. From the statements of this writer, it appears
that the consumption of indigo was estimated, in 1835, as follows:—
Public-domain text, read in full here on John Shaqi.
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