The enquirer. [volume] (Richmond, Va.) 1804-1815, 1810-06-01


LIVERPOOL, 18th April, 1910.
That there should have been a material
reduction In the value of American produce,
cannot be matter of surprise, when the
circumstances OF the case are duly consider.
eu. ne influence, upon public opinion,
which mas arisen from gradually extending
and increased belief that a favorable change,
IN your political regulations, was approach
ing, mas wholly destroyed the incentives to
speculation. while the magnitude of our sup
plies has pow rfully contributed TO the pro-
ductlon OF those effects, which were natu-
rally to be anticipated; for, it is an admit
ted fact, that our imports, either directly,
or indirectly, since the commencement of
'he present year, have generally been more
extensive than at time of regular and un
RESTRICTED intercourse. Owing TO these eau
ses' our prices are now of a description which
must. we fear, prove a source of great dis
appointment to those who have been induced
to embark largely in the circuitous trade,
as the heavy expences, and unforeseen
delays attending the Indirect mode of trans
mission, will render the result of shipments,
lately arrived, and of those which may vet
come forward, very different to what was
expected and, from present prospects,
.here Is much reason to apprehend, that
the eventual loss WILL in some cases, be very
serious.
although Cottons, of all descriptions, have
been, and still are, in regular and extensive
demand yet, the prices, from the eXpec..
.ation OF abundant supplies, have been great
Ey reduced, as the same motives which mr..
ged the Holders to effect a speedy sale, i'm.
duced the Dealers to confine their purcha-
ses to what was barely sufficient for imme
diate use. During this state of the market,
the consumers were the only buyers I; but,
as the prices are now, comparatively, low,
lew sales have been made to Spectators.
huhouSh some of the Dealers are still in
Ciined TO act cautiously, under an idea that
the Heavy imports may afford them an op-
Portuhlty OF purchasing on more advantage
GUS terms yet most of the Importers. from
the undecided state of Mr.. Macon's Bill,
appear less solicitous for an immediate dis
posal of their stocks, not being without hopes
9hat some little Improvement may, in the
mean Time take place Inferior Upiands may
De quoted at IA id 15d-fair at Is Id IS I'D
good l6d-and fine 164d 63d. OF New
orleans we have none that can be reckoned
OF superior quality. but such as the market
afiords, are worth from 161d 184d-Ten-
nessee l4sda IS 4d,-We may here observe,
.nat good Cottons only are in demand,
while the inferior qualities are, in a great
measure, neglected. The sales of Sea ISL
| ands continue, upon the whole, extensive
stained 1s7d Is 9d-ordinary Is lid Is
Jar Is 1t-good 2s Id Is 2d-fne IS
2td Is 34d--and q very choice parcel of
ot. olmon's would realise Is I'D IS 4Jd, or
probably Is sd per Id. The expectation of
Twist is. now, but limited, and the ship
ments OF the raw material, for the Cont.
mental markets, through the medium of
| i1ehSoiand, have also become very inconsi
derable; III the favorable state of the home
trade, the Manufacturer, however, enjoys
| nj efe, I,,L
no additional export vent shoald be fortu-
nately afforded, it may be presumed, that
space OF some months must pass over, be-
Tore the stock of goods will become so large
as TO render /; necessary for the Manufactu-
| rer TO abrldge the extended scale, upon
Whlch his works are, at present, conducted
Since the 1st January last, the total amour,
OF our imports is about SO 900 bags, OF which
ABOUT 600 bags may have been received,
directly and indirectly, from the u. States.
since the same period, we may estimate the
quantity, OF all kinds, taken out of the mar
ket, weekly, to be, upon an average, from
1000 to 1850 bags.
vi Pot Ashes, very few sales have lately
been effected. and, FROM the disposition
winch now prevails there is reason to sup
pose that reduction of the prices must pre-.
cede any Improvement in the demand -
Boston Pots are, nominally, SIS SOS. &
New York SOS SIS. Pearls are not more
iavorably circumstanced at COS 90 per cwt.
ne licences which were granted by our 90
Vernment, for the expectation Of Ashes, ex-
tended only to the produce of Canada. This
description became, in consequence. the
exclusive object of speculation, and
Montreal Pots were, in the course of q
few weeks, advanced to 65s 6os per cwt.
The demand, for the purpose in question.
has, however, greatly subsidized, and these
quotations. we believe, could not now be
realized.
The act, suspending the duty on Rice. ex-
pired upon the 25th utimo; but an order in
Council has just been issued allowing i,s
importation, duty free, until the 25tb ofI
March, 1911. Previous to this notification.
several parcels of fine Carolina Rice had
been purchased at 25s a 25s cd per cwt-
under an impression that the former duty
of IS I'D per cwt. would be re imposed: but
we are not aware that any sales have been
effected since the Order in question was
made known.
The value Of Tobacco was, for some time.
matter of so much uncertainty, that twas
scarcely possible to communicate any cor
rect idea OF the state Of the market About
200 hhds. were, few days ago. exposed by
public auction, which has been the means of
rendering the prices, in some degree, more
fixed and defined From what was then sold.
the different descriptions of Leaf may now
be estimated as follows: inferior and ordi. |
nary Sd 4ld---middling and fair Sd a cd |
good 63d 73d---fiue Sd ed---and |