The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1873-03-14

are SeraJSuISD Oh tue III
raingunge on the Luckyb, and Dacca on 'ne
Dullaserry-both rivers being connec'eo
with the Berhampootra by numerous na'i-
gable cannels. Calcutta is the market lot
the Dasee and Dowrah jute. and much OF
the article bought at Serajgunge and Mar
raguuse finds its way TO Calcutta III the
hands OF middemen, who speculate 10 IT,
Seraj.unge is the largest and moet I'M
portaut jute market; the larger portion from
the province OF Mymensing finds a market
here, and all the jute from the large districts
which have water communication with the
Brahmaputra on both banks. SeraJyunge,
30 named from Seraj Ali, the name OF the
man who first established gunge or mar
ket there, is kind OF movable town In
the rainy season the whole business is GER
rled on at Serajguuge, the boats with Jute
and other produce all going to the town.
In the dry season the cher lands extend nVe
and six miles to the bank OF the Brahmapu-
ira. where the trade Is carried on. 1t is
wonderful scene, the numerous picturesque
looking boals all assembled near the beach,
their bows on the sand, over which they dis
charge their cargoes.
A description OF the place and mode OF
conducting business, as well as the SETTLE
ment OF trade customs and differences, may
not prove uninteresting. The PuDchclet,
consisting OF dozen persons chosen from
the resident traders, constitute the change
In The lutte trade. 1t settles on which part
Of the bank the temporary bazaar is TO be
costructed every dry season, where the
boats are To discharge, and where the daily
floating Gazaar is 10 be held. Each agent
or dealer has chief native assistant and a
kind OF broker, who drives the bargain with
the seller. The selling brokers come aboard
with "stricks OF jute, twisted, doubled in
the middle and tied with strings; it is e1-
amined in q very superficial way by the
broker and "bauyan." A noisy converse
ton follows about the quality and the dis
trict from which IL comes. Then, in order
that the price asked or given may not be
known either to The representative OF the
"ryot," who may be present, or to the nu-
merous brokers who are now present, the
buyer and seller take each other by the right
hand as il they were simply 10 shake hands;
they cover their hands with the end OF the
cotton cloth which they wear, and Indicate
the price by forming the figures on the palm
OF one hand by the iorefuger OF the other.
In the same way the surrounding purity may
consult each other as to prices. When the
price is fixed, the sellers name, place ofresi-
dence, quantity Of jute and price are en-
tered by the "banyan In his book, the
buyer plucks small portion OF jute from the
sample and hands it to the seller, which for
the time completes the transaction. In
about an hour from the time OF assembling
the boats all disperse, and the bazaar is
ended.
The lutte purchased in the anterior markets
all goes to Calcutta, but seldom reaches
there on account OF the growers. A con-
siderable number OF profits are made on the
article before it finds its way into the screw
houses, where it is baled for shipment
abroad IT. appears to be very difficult to in
troduce improvements among those who
cultivate the jute. The government has
been urged to establish one or more model
farms in the growing districts, where every
attention would be given to the rearing OF
good seed, &C., and there is every prospect
that this will be done. 1t is well known
that persons engaged In the trade lost heav-
lily, last year, but this was caused by mis-
representations in regard to the extent OF
the crop OF 1871, leading to undue compe-
tilion and speculation. Latest advices rep
resent fair demand for jute and jutebutts,
at satisfactory prices. Supplies from the
growing districts have decreased at Calcut-
ia, while the deliveries have continued on a
very considerable scale, and reports from
the interior state that large quantities OF the
article are being stocked In the Interior, to
be held for better prices.