Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1854-02-16
{. S. Morris G. CO.. Monthly Hemp
Circular.
NV YoRK, February 1st.

w" L OhAI l. CEiu ASt, lCcT'
At the commencement of the past month
cur market for American hemp was languid;
soon afterwards, however, it showed more
animation, and it closed very firm at still
further advanced prices.
The stock as reported in the circular for
January, consisted Of
Undresscd, 1885 bis. Dressed, 472 bis.
Arrived since 744 g Ard since 1877 &
The months sales embrace 788 bales un-
dressed, at $ls0@$lS5 for fair; and $l87!
Mbl9O for prime; together with 373 bales
dressed, at $2l5@$230 for medium, and
;S245 for fine and extra fine hand dressed,
leaving our present stock
Undresscl 1871 BIS. Dressed 26l bales
most Of which has been either Withdrawn
from market, or is held at prices which may
be considered nominal. This has been occa-
stoned mainly by the purchase Of a large
quantity Of Russian Hemp, at Boston, for
Government account, at very high rates; the
subsequent sale at improved prices, Of the
stock remaining in the St. Louis market, and
also, in no small degree, by the uniavorable
accounts Of the quality Of that portion of the
Kentucky crop which had been relied upon
for early shipment.
RussIAy HEMr.-Thc receipts OF this ar
ticlc have been liberal, amounting to lat
tons here, and 119 tons at Boston. About
the middle of the month, Government Gp-
peared in the Boston market as a purchaser,
and took 40 tons at 1926 cash, the last
sales previous having been made at $500,
six months. Daring the excitement caused
by this rapid advance in price, and the with
,,,,.N;,,- ,DpoT',
stocked market, nearly all the remaining
supply of clean was sold at 1920 cash.
About 400 tons Russian yarns were received
here and at Boston during the month, part
orwhich had been sold to arrive, and at va.
rious prices; the unsold portion was eagerly
taken at lac and some lots since at lJc. A
the date of our last adviccs q great advance
had taken place in the London market, ST
Petersburg clean being quoted at ZAP, al
improvement of CT during the month.
MAYILLA-Stocll on hand Jan LIST $500 BIZ
Arrived since. ....... ,632 g.
Consequent upon unfavorable advices iron
Manila, holders of this article have deinan
ded enhanced prices, and the transaction
during the past month have been but limited
!. 1882 bales have been sold at l2dMl2ac
: leaving the present stock. $3.50 bales frml
held for BE.
The "early rottlng" of the Kentucky GRO
of hemp is represented to be light and chat
fy, and consequently unfit for shipment
This we have above alluded to as one Of tn
causes for the advance in prices, during tn
past month; and it will also have the eiiec
Of keeping our market firm until the Mis-
souri crop can come forward, which, thi
year, will no! be as early as usual, by whic
lime our small supplies will have completed
disappeared. In regard TO prices for tn
season they must needs rule high, for in tn
event of general European war now a
most inevitable. Russian hemp will be scare
and dear; besides, from all accounts, III
y present crop of Missouri hemp is not onl
very superior, as far as quality is concerned
but will probably be handled with more tina
ordinary care. Should such be the case W
can see no reason why American hem
should not obtain much higher position
and have the effect of greatly restricting IL
importations of its foreign competitor
This, it may be remembered, was at or
time almost accomplished, and nothing b.
the negligence Of those engaged in the pr,
paration and handling of our domestic pr,
duction, caused it SO soon to lose its newl
acquired character, and fall into what at Il
time was a well deserved disrepute, fro
which it has 80 slowly recovered.
4 -..- LEWIS s. MORRIS & co.