Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1847-02-06
SUGAR TRADE OLE CURA.


Burnham & Co., of Havana, respecting the prospects
of the Sugar Crop in Cuba, &c.
HAVANA, January II.
Since report Of the 7th ult. we have had CON
tnuance OF very favorable weather for the growing
sugar crop, and it has been subjected 10 the same
suspicious influence ever since the hurricane, IT
seems not only 10 have recovered from the elects oil
that calamity but TO have advanced towards maturl-
| ty al more rapid pace than usual We have consc-
quently the cheering prospect OF large aud early
CROP and may expect by the end al this month to
have some stock III the market, and by the middle OF
February to see a much larger quantity than custom
AIRY at that period.
! 1t is dificut to speak with confidence 10 the
opening rates; we may anticipate however that the
usual lively demand Tor Spain al the commencement
Of the season will keep them al high figure for
some time; and when that subsidies Is counterfeit
ed by augmenIing supplies the course of prices will
be regulated by the wants of the foreign markets
The privilege Of admission into England, with Eng
land with encouraging progress OF consumption
there, will doubt attract large quantity OF our
sorts, particularly at the beginning Of the campaign,
| and until ii becomes known whether her Colonial
supplies will be greater than usual. The deficiency
I OF the Louisiana crop by fifty thousand TO seventy
thousand hogshcads (accordng to the latest esnate)
will oblige the United States 10 import much more OF
sugars than usual, especially when we take into
view their probably important increase OF consump.
ton, owing to the favorable state of their Western
provision trade with England and the large reduc-
ton Of duty foreign sugar lately into force.
In the year that has closed they took one hundred
and fifty thousand boxes from hence and Matamzas,
and it does not appear improbable that they may
want Two hundred and fifty thousand boxes or more
during the approaching season. Spain took more SUI
gar than last year, aud may be expected 10
quire still greater quantity this season, the gene
raj trade of that country going we'll, and the
imports receive from theuce Of -four, rice and
other provisions are Increasing.
In looking back in the course Of the sugar trade
during the year o6 we find that it presents some
novel features. The early months were wet, hich
al q usua
ing would not be afforded, and a serious reduction Of
the crop would ensue. Fortunately, however, ii
large proportion Of the customary RAINY season was
dry, which more than compensated for the preyou
bad weather. aud the yield has proved much larger
than expected Yet, though the violent daily
during the period termed The RAINY were
not experienced, there sniicicncy of moisture
(more equally distributed throughout the year, TO
nourish the which is now in the field. THIS
higly important circumstance in connection
with the hurricane; as, although the fury OF that Vi
station to have been equal to and greater
than that Of lo4i, the cane was in far more vgor-
condition TO meet ii, having been nartlrcd under
favorable influences, and not been subjected TO
drought, the case then. Since the hurricane,
as we have already noticed, the weather has been
remarkably propiiious; and to this injunction Of
circumstances we owe our happy derverance from
the runous effects OF that calamity on the great sta
pie Of the Island.
The course Of prices last year was also unusual
They lower during the first months, while
there the prospect Of 'fcient crop, than at
the end OF the season, when lar quantity was eX
pCctrd to be produced. The advance during autumn
was, however, entirely owing TO the reduction OF
duty in England and the United States, particularly
the former; otherwise the prices would have been
| much lower. The relative value Of whites was de-
pressed at the beginning of the year, by the admis
sion into Russia Of crushed from all countries; but
planters sought to counterfeit this by making smaller
proportion of whites, and have partially succeeded,
being assisted by well sustained inquiry for Spain,
and a good demand for the Mediterranean, to which
more has been shipped than usual
The quantity OF old sugar remaining TO be shipped
| from hence and Matanzas is quite insignificant, pro-
badly less than 81 900 boxes, and large part Of IT is
purchased Prices have been maintained, taking into
view the inferior quality of the remaining stock.
| We quote assorted kinds and $ 10 and 10 rials,
whites to TO- yclIows o. to l. browns 81 TO o. rails
| Ofnew box sugars only few trihing parcels have
| apprarcd, not worthy OF notice, and also small
quantity of new Mu>cov ADDE'S it Matanzas, which
were sold at RS. for fair quality. This latter de.
scrpiion will doubt find active inquiry both for
the United States and England.
New clayed mola>ses have been selling at rs
during the past month, and are firm at that rate.
The supplies are restricted as yet, and no Mn'coya-
do molasscs have so far been brought TO market.
England will take our Mu>cov ado moaSses under the
new scale of duty, and likewise larger quantity Of
cayrd if the permission TO use 1t for distillatIon
should be conceded.
The coffee crop did not suffer much from the
hurricane at first apprehended, although it
has been retarded in its progress to maturity Sup
plies have, so far been restricted while good de-
mand continues for the United States, whereby pr-
crs have been keptup. We quote ordinary to 8 !,
lair o. to 500, prime to So. We may remark
that owing the low prices for coffee now, as COM
pared with former years, there is less care employ
ed in cleaning and the quality is OH the whole, not
quite so good as it used TO be.
The business in imports has been a good deal in
terrupted by the numerous holidays we nave iateiy
had; but may now expect good general demand
and rcmunera,mg prices for most articles particular
" as we shall have large and early crops OF pro-
duce Il See Exports on nert pdge.l