The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1865-01-30
Portland Quotations vs New York Quo
tations,

Mr.. Rich, editor Of the Price Current, ex-
plains the reason why the quotations for the
Portland markets are, in some few instances,
30 much above those for New York--a matter
to which attention was called BY correspon-
dent of the Press Friday morning. The ar
ticles the prices OF which were contrasted by
our correspondent, were Coffee, Sugar and
Lard. Mr.. Rich says: -bs,
The quotations for Coffee In New York, as
above, are for cargo lots as II runs, while
Portland wholesale prices are by the bag for
the best quality, and warranted. We think
the merchants here will admit with us that
the difference between the Coffee trade of
New York and Portland, is Just about as one
bag to cargo, on the date OF our quotations
given above Tor Java Coffee, viz, 81 and 53c.
we IND the quotations OF Risiey q Co., the
great Coffee and Spice Brokers of New York.
OF that date to be 4S and SOC for the same Ar.
tacle we quote After paying the commissions
OF purhase, insurance, freight, &C., from New
York, and selling on 80 and 80 days time,
what we would ask the .Sharp Business man.
SIC? - rs II IBSs ~
The second article named, Sugar, he says
we quote, Muscovado 22 1-2 and % and 10 1-2
and zoe. New York quotations are cargo lots
In tierces, while in Portland market such su-
gars are repacked from tierces into barrels,
and sold In much smaller lots, from one barrel
uPto perhaps ten after having been inspect,
ed Dy the dealer, and the inferior quality sepa-
rated and classed as q lower grade, and the
expense OF reducing one package to about
nVe, must be apparent toall. fs< w w
Lard, which the correspondent says is quot
ed by US at % and IS Lie, is for the best ket-
tie rendered, while the New York quotations
gwen by the sharp man. are for Mol Steam
Lard, dark and full OF water,1 which is quot.
cd at IL IL ~ 8 A. The same sold in this
market the past week at II Lee, and more
Is still Offering at the same price. The same
comparison mights be made with many other
articles OF merchandise, quoted In New York.
The trade Of New York Is quite different from
that of Portland. A large trade from the
western markets centers in New York for
cheaper and inferior articles of merchandise
consumed by the German population of the
West and South; hence it Is an inducement
Tor New DIRK markets to embrace within
their range of Quotations the lowest possible
prices to secure that class of trade, while the
merchandise for this market must generally
De OF the highest grades, or at least a very
much better class OF goods than the average
required for southern and western markets:
hence It Is well known among merchants that
the best qualities ofscarcely any articles, in
sucn quantities as desired for our trade, can
80 INV do tuc Stu6ral quotations.
Wnlle the correspondent of the Press en-
deavored to show the excess of our quotations
over the two or three articles named, he for
g9s 70 snow the comparative prices for many
osner articles, such as Molasses, Refined Sa-
ma :. Hp pna. st0ur Salt Butter, Cheese Eggs
11u Snklnus OF produce, and many articles of
New York prices. '' E'o.u 'eio"
One more word regarding fluctuations and
we are done. At the time the above n Y aa
quotations we're given, gold was hourly de-
Ginning, and as New York Is large maryJo NJ
Is very naturally much more sensitive to .,S
the fluctuations Of gold, hence Flour, the lead.
ing article of merchandise, will decline Is or
ooc., and go back again two or three times in /
q week, without effecting any change OF prices
mere. as our market is less sensitive to all
actions, prices here are not influenced except 4
BY more permanent Or positive declines or ad-
vances. u UT1e7'sssvg5 -