Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1855-04-12
Lewis S. Morris & Co.'S Monthly Hemp
Circular.
Nrw YoRK, April 3. 1855.


market, was less last month than had been
anticipated, and consequently prices did not
improve. Our stocks, however, are now
SO much reduced that, without any extraor.
binary inquiry, they will have disappeared
before liberal supplies Of the new crop can
be received.
The stock, MS reported in our circular for
March, consisted Of
Undressed, l452 bales.
Arrived since, IT'S +"
Dressed, 1869 I"
Arrived since, 290 Z"
The months sales embrace 995 bales
undressed, at $l35@$l52A for prime
(inferior grades being totally neglected.;
also 3l3 bales dressed, at $lS0(0$20O
with a small parcel extra fine, at 1920;
leaving our present stock, in first hands,
undressed 632 bales, dressed 1916 do, all
Of which is upon the market and offered al
irregular prices. Manufacturers would
have taken more advantage ofthe low rates
lately ruling, had it not been for the idea
which at one time prevailed, that the chan
ges produced by the death of the Emperor
Nicholas, favored the prospects of an i'm
mediate peace in Europe. Although the
late news has hardly had time to make any
positive impress sion, this view is not now SC
fully entertained, the general opinion being
that peace is as far removed as ever, and
the receipt of supplies of Russian hemp
equally uncertain. We therefore still ad.
here TO the opinions expressed in our last
circular, and counsel our friends interested
in hemp, TO have patience for little, and
not press their crops forward, since under
any circumstances prices will improve as
the season progresses.
Russian Nothing new here, OF
in Boston. The English markets have been
very unsettled, and, at one time, Showed q
considerable decline, recovering their tone
however, partly, as the prospects Of peace
receded. The want OF definite information
as 10 how far the transit trade through Prus-
STA will be allowed, as also regarding the
policy TO be pursued by the fleets blocka.
ding the Baltic, tends to produce a feeling
Of suspense most unfavorable to speculation
Apart from the question of peace, opinion
seems about equally divided, as TO whether
the blockade will be made effective, ant
general or only confined to Russian vessels
and those carrying articles contraband o.
war.
MANILLA.-Stock on hand March LIST
1900 bales; arrived since, 6S62 do.
The snles made in this market have beer
very limited, and supplies mainly draw
from Boston, where prices have ruled from
l0c0l04c. The stock in first hands her
is about l2,500 bales, firmly held above tn
present views of buyers. Prices have de
clined in London and at Manila.
Expo rted from Manila, TO The Unite,
States for the past eight years: lS47, 80,
l42 bales; le49, 62,52o; 1S49, 56,7O2
1850, 54.097; 1851. II .566; 1862, 10 .25S
1853, l02, 292; 1854, 1l4,008.
Jute has been in moderate demand, wit
prices ranging from $S5@$95. Receipt
at Boston for the month, S0S bales.
Gunny Cloth was dull at the commence
ment of the month, but the demand i'm
proved towards the close, with large sale
at l14@ll4c, and llac for extra weight
The arket closes firm, some holders askin
higher prices.
Imports at Boston from January lst t
March Both:
1855, 6,7O3 bales.
1854, 1864 do
The uncertainty attending the question
as to whether we are, or are not, to hav
supplies Of Russian hemp here this seaso
to compete with our domestic production
or, on the other hand, have foreign deman
for it, renders it almost fruitless to calculat,
in advance, as 10 how our prices shoul
J, rule when the spring trade fairly opens
The low rates which have been for som
time past current, were influenced mainl
by the depression affecting every branch {
) business connected with the shipping inter
est. or late, however, we notice evidence
Of more hopeful feeling, and already Sc,
eral Of our ship-yards are assuming create
, animation. We consider, therefore, that "
are warranted in expecting a marked m
provement in our prices for American hem
even should there be no foreign deman
for it, especially towards the close of III
season, when the crop Of 1855, necessaril
small from the want of seed, begins to |
: estimated. LEWIS S. MoRRIs g. Co.