The Sun.
London, England, 1842-05-30 00:00:00

WINE TRADE.

On a former occasion (April 23) the explanations
on the part of the wine trade of a statement contained
in a letter from Lisbon, dated March 30, were noticed
at some length. The explanations were to the etteet
that, although the statements of the correspondent
were numerically correct, and port wine was very
abundant, an important omission had been made,
by not taking the quality of the port wine into
consideration, as, in fact, the wine which was in
such great plenty was of such an inferior de-
scription, that it was . absolutely unmarketable in
this country, and good wine was as scarce as
ever, and could command as high a price. These
explanations seem to have escaped the notice of
Messrs. Quarles Harris and Sons, who have issued a
circular, in which the same doctrines are set forth.
This circular, however, though in tendency the same
as the explanations already noticed, contains some
calculations not before given, and which may be in-
teresting to the trade ; these, therefore, may be in-
serted. To the following numerical statement, which
is the same as that contained in the Lisbon letter,
Messrs. Quarles llarris agree :

Pipes.
♦intage of 1541, classed as Ist qualiti
2d ditto
3d ditto
Refuse

77,894
Stock in Oporto, Villa Nova, &c., classed as Ist quality 153,27
Ditto, old, in the country 20,907

252,0d8

This stock is, however, greatly reduced, as far as
the possibility of disposing of the wine in the English
market is concerned, by the following analysis, which
is contained in the circular :

VINTAGE 1841.

Pipes.
58,083

Classed as lit quality
Of this amount tsr less than 8,000 pipes are
of a quality adapted to this market, the vint-
age being mere wine and water, but we will
strike off only

50,000

Leaving 8,083 pipes available, in order to be
on the right side ..
Classed as 2d quality none being fit for
Classed as 3d quality the English 0,000
Classed as refuse market.
In Oporto, Villa Nova, &c., classed as Eric
quality
Deduct as only fit for wine shops, burning for
brandy, and converting into vinegar, at a
very low estimate indeed
120,000

13,083

Old in the country we will throw in, as all fit
for England, though this is far from being
the fact .

The lowest depot stock for an export of 30,000
pipes is 120,000, which deduct

148,990

120,000

Leaving a surplus of 28,990
on the lowest estimate for the regular and necessary depot.
Messrs. Quarles Harris add, that 140,000 pipes
would not be too large a depot, an estimate which re-
duces the surplus to 8,990, remarking that if the vin-
tage next year should prove short, so small' a surplus
would leave the market in a very dangerous state.
On an assertion that many houses in Oporto 'sustain
an annual loss of from 2,000/. to 3,000/., by holding
from 1,000 to 2,000 pipes of wine, Messrs. Quarles
Harris remark, on their own experience, that it is im-
possible to conduct business well without keeping a
stock of old wine exceeding 2,000 pipes, and that the
loss is fully compensated by the improvement the
wine acquires from keeping.— Times Money Market.

LLOYD'S SHIPPING.
Downing-street, 27th May, 1842.
Sir,—l; am directed by Lord Stanley to request that
you will state to the Committee at Lloyd's that a Light-
house has been erected at Mordlle Point, Table Bay, and
that you will move the Committee to give the most ex •
tensive circulation to the accompanying instructions fur
ships entering that Bay.
I am, Sir, your most obedient servant,
(Signed) G. W. HOPE.

To Win. Dobson, Es%., Secretary, Lloyd's.
The instructions refereed to are of too great a length
for insertion. They are posted at Lloyd's for inspection.
Honduras, April 14, 1842.
Sir,—l request your referonce to the annexed list, by
which you will see we have a squadron of ships of war
here consisting of her Majesty's ship Illustrious, 72, Ad-
miral Adams, Electra, Racehorse, Racer, Charybdis,
sloops of war, and the Hydra steamer, and more are ex-
pected; such an assemblage being unexpected, causes
anxiety as to is object. The Admiral observes the most
profound secrecy. It is known that our Governor, Cu!.
M.Donald, has had unpleasant correspondence, and col-
lision with the authorities of Central America; that
Government have claims on them, and it is rumoured, is
to make some demonstration, which, if he does, will
prove very injurious to the merchants of this settlement.
lam &c., (Signed) LLOYD'S AGENT.

Wm. Dobson, Esq., Secretary.
Since writing you this morning, I have been informed
that her Majesty's steamer Spitfire, is daily expected
here, and that Admiral Sir Chas. Adam, will despatch
her to Yzabal, to convey Captain Fitzgerald, (late Com•
mander of the Racehorse t en route to Guatemala, on a
mission from the Admiral to the authorities there. Her
Majesty's ship Spartan is expected to reinforce the
squadron here, and the whole will remain till Captain
Fitzgerald returns from Guatemala, a period of three
weeks or a month. I am, &e.,
LLOYD'S AGENT.

(Signed)
Wm. Dobson. Esq., Secretary.
SIGNAL PORT AT NEVIS.
NEvls, APRIL 23.—A S:gnal Port has been established
to the N.E. of the fort on the point to the southward of
the town. Vessels bound to Jamaica make this island ;
if any such should show their numbers they will be
reported.
PROJECTED NEW LIGHTHOUSE AT PORTO