Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1847-10-09
COMMERCIAL REVIEW.

The interval since publication of the 18th instant
has been marked with series OF commercial disasters
almost unprecedented. The mischicihas now spread
from the Corn market TO other branches OF trade.
Mercantile confidence seems completely mhngcd;
and the rumors TO which such unfortunate state of
things gives rise, aggravate the existing cmbarass
mCmts by casting doubts upon the stability of houses
never before called in question. The difficulty al
tending the curtailing production by stopping the
mills in the manufacturing districts seems insupcra-
blc and at present the operatives, the manufacturers
the merchants, and the bankers, quite pcrpIcXcd
respecting the measures which should be taken to
relieve all classes of the community.
The Cotton trade has been in very dull and gloo-
my position since the sailing OF the Britannia ON the
4th inst, owing, partly TO the general stagnation of
the trade, which has forced upon the spinncrs and
manufacturers a further curtailmcn of the consunp-
ton and partly the more favorable accounts brought
over by the Cambria, which gave more cheering
prospects regards the growing crops i'll the United
States. 1t should be further observed that the lower
qualities have declined in greater degree than the
better descriptions, but the demand, however, has
not been increased in consequence and holders cyincc
much anxiety TO realize. During the week ending
Sept II, ii most difficult matter TO effect sales
and yesterday prices were nominal, or nearly so.
The sales for the fortnight ending Sept II only
81 900 bales of which exporters took 6l20 American,
500 Maranham, 1870 Surat, and 80 Pcrnam. The cx-
tent Of Spectators operations during the period
is 40 American and $50 Surat. The stock in this
port is about 100000 bales against 100000 at the
same period last year. The stock Of American is
estimated at 332 900, being decrease of 900
bales.
The continued failures in the Corn market alluded
to elsewhere, sufficiently account for the further de-
preston in the prices of Grain during the first week
of the month. On the market day of the 9th inst.
prices still continued TO reccdc, but towards the close
of the week, both Wheat and Flour were in active
request. This improvement was further maintained
on the market day of the 18th inst, when Wheat adj
vanccd about IS. per quarter the quotations of the
9th inst. and Flour, for which there was an immense
demand both in London and Liverpool, advanced IS.
al,
description of Wheat is OBS. per quarter, whilst in
Liverpool the best Western Canal Flour, which
the LIST inst quoted at 25s., and barely fetched
that price, sells at from 2Ss. to 30s per barrel
Indian Corn, also, has been in more demand and
higher have been paid for it, and the Corn
kct at this moment appears firm but as large supplies
are still expected from abroad, and our havcst is
admitted at all hands TO be abundant one it is very
doubtful whether further fluctuations will not take
place before prices reach their natural level Con-
siderable purchases have been made in our markets
for Belgium and Holland in consequence of the dis
cascd appearance of the Potato crops in those coun
ric and these purchases have tended TO strengthen
our markets. The state of commercial affairs, and
of the Corn trade especially, renders it matter of
great difficulty to form correct Judgment OF the iu
turc course OF prices At Mark Lane, both on the
10th and on the Eth, prices were little higher.
There was limited supply of Wheat, and the stocks
Of the houses which have failed being withheld from
the market, tended to produce firmcr tendency.
The tenor of the adviccs from the United States, by
which il is asccrtaincd that great supplies can
come forward from that quarter, has contributed TO
create better feeling in the Corn trade at the pre-
sent moment,
The demand for Rice. both in the London and Lii
vcrpool markets, has been TO pretty fair extent dur
ring the fortnight but we cannot note any improve
mcnt in prices. The value of Carolina is now quoted
2ls. I'd. TO Dds. Cd.
The demand for all sorts of American Provisions is
NOT so active as what had occasion 10 report in
prev ous publications. The better descriptions of
Beef would find ready market, but the inferior
qualities off slowly Having but limited sup
ply of Bacon, both here and in London, high prices
are readily obtained American Hams not easily
sold, and lower prices have been taken. The trans
actions in Pork very tritiing.
During the first week of the month, Sugar was in
active demand, both for home consumption and for
expectation, prices being lower here than in the con
tinontal markets. Since that time the demand aud
consumption have gone on steadily, but whether the
present rates satisfactory to the planter is more
than doubtful. The abolition of the restriction OF the
of Sugar in distillcricS and brcwcrcs, has not
realised the expectations formed, only 2l22 tons hav
ing been used since the passing of the act TO the 9th
July last, an amount perfectly insignificant The to-
tai supply oftopcal Sugar including 90 900 tons stock
in the ports of Europe 3st Dec 1916, is supposed