Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-09-11
SPECULATION Ely EXPRESS


The Boston Mercnntic Journal tells n ruod
story OF The operations of shrewd Spectator some
years ngo:-
In the winter of 1925, the New York packo, shin
CRISIS arrived n, New York IN a short passage
bringing this astounding but joyful intelligence OF a
great advance OF price IN various articles of m,
chandze, but more especially on the three nnpor.
tant articles OF cotton, coffee and sugar. What a
hnoono was raised IN Wall stree, and happy were
they even who got an early mixing of the news and
were thus enabled to gam "a fair advantage 10
trade over their less fortunate nes hbors EXPRESS.
es were despatched in various directions. and We
question whether similar cause has produce such
a stirring effect. since the news of the sisning of
the treaty OF GhenL
In due time the reached Boston-bu, be-
lore The intelligence was generally known many
valuable cargoes OF foreign and dome site nletchan
I'ze had changed hands-anG on the evening OF that
Gay some were rejoicing in their extensive pur
chases aud Others were deploriug over their sales
OF goods at prices far below what might then he
considered their real value in the market.
n mercantile house IN Boston, which received tho
news from New York among the first, lest no time
~ uesp1tchlny an express TO Portsmouth New
Hampshire, ~ilh orders to an agent MIR Smith In
ouy up al once, all the coffee and sugar in the mar
ket. II happened that only few DAYS before n
vessel had arrived from Brnzi, with cargo of hides
and CO flee, which deposited in tho woTebn,s.
or store OF the pTopreto's. The. coffee was ,;IJ
m The front rooms, and tina hides in tho interior of
INC building. Upon rcceivin. the instructions MIR
Sliiih seized MS nat and cane, and IN few minutes
afterwards, dropped in" at the store of M.Ss,s
Is ank y Co. lie entered the coun ing room, win
tranquil aIr, conycrSed careeSsly for few min
iIes about the wcaiher-then, IN one of ind tsrence
alluded tn the subject of hGeS and erduirsd of Mr
b!ank, nc held them at the price which he had
'Sked the day previous. GA being assured thai Lc '
oud not a6ate mill, he said, swell don't ere II
take sno her look at them-perhaps We shall
rdde." ''A'
lie then followed Mr. Blank through n lon, and
harrow lane, with bags of coffee on each side 10 Inc
ther end OF the building, where the hides were de.
'oslteo' lie examined them apparently with much
are, nut hnalIy concluded that he could not give
nc price asked, without further deliberations On
c'urnlns, he said, with an air OF non chalance al
&C. MI Blank, that you have got quite n Ia, of Bra
~ Cohte hert-w"lt DO you ask for thar" On
'ei TOD, he replied that the price was too hieh-
by the way" SAID he, 81 received an order a d,v
" TWO ago for quantity OF coffee, lift could I've had
Il reasonable price but guess Ut wait a few
lays before buy. IL will be down.
MIR Blank, of course assured him that il would
Use, ana WA quite dcslrous 10 sell him n lot Ill,
'foddced samples, eX'uilgd the excellence Of the
{ II c, and erpItisted eluqucnty on the IowpeSs or
he p'ce: and finally MIR Smith reluctantly consent
d to become a purchaser. They returned 70 the
cunning room, and both buyer and seller felt .x |
cedInfly happy, when the agent on being nsk.d
10" many otss he would take, replied in drawI-
w 'Ohe, that he believed he would take the whole
D.! Inc agreement was concluded on the spnt
ma couple OF hours, the great news" fiom ENGLAND
'hs generally known, and Mr Bank and his mart
exatlon. 1'