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COMMERCIAL REPORT.

(London, Feb. 21.)

It is with much pleasure that we have to state the favourable opinion that seems to be generally entertained by the public, of the commercial prosperity of the kingdom, partly arising from actual improvement, and partly from the confident expectation of beneficial regulations. This expectation is not a little encouraged by a late publication, under the sanction of government, where it is asserted, that early in the ensuing session of parliament, the Board of Trade will enter minutely into "The enlargement of the Transit and Warehousing System."-" The consolidation and simplification of our Navigation Laws, with the revision and suppression of some of the obsolete enactments."-" A revision of the Lights Harbour Dues, and Pilotage and (in due time) the Dock System." The last effort of the Board of Trade this session will be "The revision and amendment of the Prohibitory System in general, and the substitution of Protecting Duties, in exchange for the existing actual prohibitions."

We quote the exact words of this important pamphlet, as we have no doubt the measures alluded to will have the most beneficial effect on the commerce and general prosperity of the country. In fact, we can already confirm, at so early a period, the anticipated improvement of commerce; particularly in colonial productions. Indigo, Coffee, Cotton, Saltpetre, Dyewoods, and Spices, also Hemp and Tallow, have, within the last two weeks, become in great request, and there is a marked difference in the general tone of public opinion: it is now believed the great depression of prices, in consequence of the return to a metallic currency, has reached the lowest point; and as many of the most important articles of consumption have declined far below the price at which they can be brought to market, a reaction may be anticipated; it appears already to have commenced, and we have little doubt that it will become general throughout the extensive trade of Great Britain..

No change has taken place since our last, in the commercial policy of foreign countries, that seems likely to affect Great Britain. The new Tariff expected at St. Pctersburgh had not appeared when the last arrivals were received, but it is said to be actually under discussion, and to be chiefly directed against foreign (i. e. British) manufactured goods. What we stated in our last, of Spanish America, is confirmed; our future commercial relation with that country will of course greatly depend on

the kind of connection that will be established between the Colonies and Spain. It was erroneously reported that the Cortes had resolved to recognise the independence of the Colonies. They have only resolved to send commissioners to treat, and it is to be apprehended, that a long period will elapse before any final arrangement is

made.

Cotton. Notwithstanding the approach of the great sale at the India House on the 8th of February, there was a good demand for Cotton in the last week of January and first week of February, and the quantity of Bengals sold by private contract up to February 5th, amounted to about 3,000 bales; ordinary, 5d. 5d. to 54d.; fine to good fair 5d. to 5d.; very good, 6; about 200 Surats, 64d. to 7d.; a few Madras, 63d. all in bond. The price of the Bengals was on account of the sale about lower.

Particulars of the sale at the India House, 8th Feb. 18,801 bales; 181 Bourbon, common fleecy to fine and good, 104d. a 123d.; 9 damaged, 9d. a 104d.; 59 Madras, very good, 74d. a 8d.; 985 ordinary to good fair, 6d. a 6d.; 135 damaged, 3d. a 61d.: 2,259 Surat, good Toomel, 63d. a 74d.; 4,325 fair clean and bright to good fair, 6d. a 63d.; 1242 ordinary and leafy, 6fd. a 6fd.; 21 damaged, 24d. a 63d.; 668 Bengal, good to very good DT. and SR, 6d. a 6ğd.; 7,696 fair to pretty good, 5fd. a 57d.; 494 ordinary and middling, 54d. a 5ğd.; 536 damaged, 1fd. a 6d. The Madras and Bourbon nearly all sold at the previous prices; the Surats were d. a d. per lb. under the prices of the October sale, and nearly 3,000 bags were taken in; only about 500 bags Bengals were withdrawn, the remainder sold, the ordinary and fine d. advance on the October sale prices, the good and fair d. lower. It is calculated, that of this sale, 6,000 bags were taken for export or on speculation.

This considerable sale did not diminish the demand by private contract, 1,800 bags having been sold in the week ending the 12th, viz. 274 Boweds, fair 84. a &ğd. to 94d.; for good, 38 ordinary, 73d. a 8d.; 15 Madras, good fair 67d.; 800 Surats, common ordinary, 6d. and 6d. to 6 d. good fair; 600 Bengals, ordinary 54d. good fair, 5d. very good, 6d. a Gd. all in bond; and duty paid, 20 Surinam, very good, 11 d. a 11d.; 55 Barbadoes, fair, 9d. 93d.: 8 Montserrat, 83d.; and 2,000 bales and upwards in the week ending yesterday, the 19th. viz. 500 Surats, good

1822.

Commercial Report.

Toomel of last sale at 78. per lb.; 30 middling fair, 63d; 1,400 Bengal, a few ordinary at 54d. a 5d.; fair, 5d. a 53d.; all in bond. The request appears since to have in some measure subsided, and no purchases of any other description are reported.

At Liverpool, the demand for Cotton has on the whole been steady, and the sales for the four weeks up to the 16th, amounted to about 31,000 bales. The arrivals in the first two weeks were above 16,000 bags: those for the last two weeks were not stated. Sugars. The demand has on the whole been steady throughout this month, without any remarkable fluctuation. Last week the demand was rather slacker, till Friday, when it in some measure revived; the prices were fully supported, except for inferior browns, which in several instances were reported rather lower. Yesterday the market appeared heavy at the opening, but, before the close of the day, the demand revived very considerably; the sales effected were more extensive than they had been for a length of time preceding, and prices must in general be quoted 1s. higher.

The demand for refined goods, which was pretty brisk at the beginning of this month, has since given way, and that for the finer sorts were last week very languid; low qualities, however, were in demand, and realized high prices. At a public sale last week, 97 chests of Havannah sugars went at rather high prices, viz.

parcels at 114s. to 114s. 6d. fine ordinary
115s. to 117s. 6d. Dutch Triage 113s. to
115s. middling 128s. to 130s. good mid-
dling 134s. to 138s. 20 bales of ordinary
Mocha were taken in, no offers being
made above 121. The public sales being
so few, and the quantity in the market so
very trivial, the holders were almost able
to fix their own prices; the grocers pur-
chased only for their immediate wants, but
there was much inquiry for exportation,
and about the 5th instant 107s. were paid
for St. Domingo, and for 200 bags of fine
quality 108s. Unless there should be very
large arrivals a further advance is antici-
pated; for it must be observed, that of the
stock now in the West India warehouses,
which is very scanty when compared with
former years, only a small proportion is
available, the remainder being either in
dispute or not claimed, and has lain in
the stores for a series of years. In the
second week in February, up to the 12th,
there was only one public sale, consisting
of 14 casks, 111 bags British Plantation,
and 27 bags Brazil, ordinary middling Do-
minica realised 130s. middling Demerara
129s. and 129s. 6d. fine ordinary Jamaica
116s. The purchases by private contract
were also at very high prices; St. Domingo
realised 108s. and 109s.

On the 12th, though the demand was not brisk, coffee was generally 28. to 4s. higher than on the preceding Tuesday; and at a sale on that day higher prices were obtained than at any previous sale. This

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32s. 24d.
31s. 84d.
Coffec. The coffee market presents a
very considerable improvement during the
course of the last month. In the first
fortnight after our last report, the public
sales of coffee were quite inconsiderable,
the demand was general and extensive, and
foreign descriptions were as much inquired
after as parcels for home consumption; in
the last week of January good ordinary
Jamaica realised 1088. ordinary St. Do-
mingo 104s. and 400 bags of fine ordinary
coloury Brazil 106s. In a few days Bri-
tish plantation calculated for home con-
sumption rose 4s. to 6s. per cwt. good
ordinary Jamaica being sold in considerable

sold, ordinary 102s. to 104s. good ordinary 106s. 6d. to 107s. fine ordinary 108s. 6d. to 110s.; 120 hhds. Jamaica sold, good middling 134s. and 135s.; middling 124s. to 127s.; ordinary middling rank taken in, 120s. 6d. to 121s. fine ordinary 118s. to 120s. gocd ordinary, also rank 112s. For 70 bags of St. Domingo ordinary, mixed with black beans, 106s. was offered; the whole was then withdrawn at 110s. There were few purchasers of coffee by private contract last week. The public sale went off without briskness, but the previous prices were fully maintained; good St. Domingo in considerable parcels sold 1078. 6d. to 108s.; fine ordinary Cuba 108s. 6d. to 109s. 6d.

The public sale of coffee yesterday (19th) consisted of 389 bags Foreign, and 5 hhds. Jamaica; the former chiefly Brazil-good ordinary sold 1078. to 108s. fine ordinary 109s. 6d. to 111s. 6d.; for 100 bags good ordinary pale St. Domingo 109s. was offered by two parties and refused; 5 hhds. very rank Jamaica good ordinary mixed taken in at 108s. 6d. Generally the coffee sale may be stated fully 1s. higher.

Baltic Produce. There has been a very great advance in the price of tallow. The extensive holders and speculators entirely governed the market, and the day for th

delivery of several large parcels contracted for being arrived, the sellers were obliged to apply to the speculators who held almost the whole quantity in the market, and were able to command their own prices; so that at the beginning of this month, that is between the 5th and 12th, the buyers were obliged to take 2000 casks at 58s. A further rise took place, and yellow candle tallow was at 59s. 6d. and 60s. and other kinds in proportion. A decline has since taken place. Few purchases have lately been reported of yellow candles, and it is therefore difficult to state the price correctly. The extensive holders and speculators demand 58s. but 56s. appears to be more nearly the present price; the speculators have been much disappointed, no duty being yet reported, nor any mention in Parliament even of the probability of such a

measure.

Hemp and flax have been in steady demand, and the prices of hemp have advanced.

Oils. The rapid advance of tallow added to the previous disposition of the trade to purchase Greenland oil has had a favourable effect on the market. Some small parcels of Greenland oil have lately been sold at 237. without casks.

Spices.-East-India Company's sale, 11th February :-Pepper 2443 bags Company's, black, sold at 7gd. to 7 d.; Saltpetre 446 tons private trade, sold at 24s. 6d. to 268. 6d. Cinnamon 504 bales, first quality, sold at 7s. 9d. to 8s. 11d.; 228 bales, second quality, 6s. Id. to 6s. 7d.; 581 bales, third quality, sold at 5s. ld. to 5s. 5d.-Mace, 76 casks, first quality, sold at 5s. Id.-Nutmegs, 500 casks, ungarbled, sold at 38. 7d. to 3s. 8d.-Cloves, private trade 3s. 9d.-Cassia Lignea 77. 12s. to 71. 168.-Ginger 11s. to 12s. 6d. Present stock, sold and unsold-Cinnamon 621,000lbs.; Cloves 118,000lbs.; Mace 191,000lbs.; Nutmegs 907,000lbs. ; Cassia 2800 crt.

FOREIGN COMMERCE. Archangel, Jan. 1822-Our trade begins, though slowly, to become more active, and most of our productions to recover a little from the great depression under which they have for some time been; and our Russians in expectation of a farther rise, are less eager in bringing goods to market. The last price paid for mats was 300 r. for the thousand, all the money down, there are now no sellers of this article. Linseed is sold at 17 to 184 r. per Chetwert, and is still in demand at that price, but there is little offered for sale, so that the buyers will probably be obliged to submit to an advance. In Corn, nothing doing, the price therefore nominal.-Wheat on the spot, 13 to 15r. (new cannot be delivered at that rate, as the prices in the interior are still higher).Rye, 9 r.-Oats, 54 r. per Chet

wert.-Tar, since the rise of 25 cwt. on the article in London has been sold at 6 r. per barrel, and is now held by most owners at 6r. For pitch, 125 copecs have already been demanded, but an abatement might be obtained. Contracts have been made for small parcels of Bristles of St. Petersburgh, 70 r.; and some crown bristles at 111 r. per pood.-Hemp, first quality, at 85 r.-Potash, 75 and 82 r. per 10 pood, and now they ask for the first and second quality of hemp, 80 and 85 r.; for Flax, 105 and 120 r. per 10 pood, according to the quality.-Tallow can now be purchased at 105 r. per 10 pood.

As the price of Russian productions in foreign countries appears to become more firm; and the Russians, on account of the prevailing scarcity of money, and the loss which they still sustain, even at the present prices, are obliged to limit their purchases in the interior, a farther rise towards the summer appears probable.

Riga, 25th Jan.-Winter has at length set in with us, and a road being now fit for sledges, trade has become more brisk.— Flax. Though we have received considerable supplies, there are more buyers than sellers at the following prices; Thiesenhausen and Druiania Rackitzer, 41 r. cut Badstub 37 r.; Risten Threeband, 29 r.-Hemp is in continual demand, the stock here very inconsiderable: for delivery with all the money paid, there is a want of respectable sellers; clean Ukraine was lately sold at 105 r. all money down; and is held at 114 r. with 10 per cent. earnest, and 112 r. offered. The last prices paid for Outshot were, Ukraine, 85 r.; Polish, 91 r. all money down; and for Pass; Ukraine, 75 r.; Polish, 81 r.; all money down; but is not now to be had on those terms, for that upon the spot has been sold; Druiania, clean, 31 r.; ditto Pass, 25 to 26 r.; ditto Torse, 14 to 15 r.-Hemp Oil for delivery at the end of May, 100 7. are asked, but we believe that purchases might be made at 98.-Potashes, for Polish crown, good, on contract, 100 r. all the money down, are asked. In other export articles, nothing doing; since last week, pretty large quantities of salt have been sent into the interior; for Liverpool, 62 r. have been paid, and in small quantities even 65 r. ; St. Ubes, 55 to 56; best reddish course Cette, 62 r.; for Terravecchin salt, 72 r. have been asked, and for French grey, 47 r.; a parcel of very white French has been sold for 50 r. on credit. market for colonial produce remains dull, yet there appears a tendency to an increased demand for raw sugar.

The

Hamburg, 9th Feb.-Cocoa without demand.-Coffee. As considerable sales have been made this week as the preceding. A parcel of about 600 bags of coloury Brazil, and several smaller parcels of the same kind were sold at 124 to 124d.; another

1822.]

considerable parcel of ordinary Brazil in casks, at 12d.; and ordinary Laguyra at 12d. We have but a small stock of Domingo, and good ordinary is not to be had at 12 to 12 d., and fine ordinary not under 12 d. Since the arrival of the English mails of the 1st and 5th, all descriptions have again risen.-Dyewoods. Logwood remains steady in price, and yellow of good quality, is more in demand.-Spices. Pimento meets with a ready sale, but pepper is less inquired for. In the finer kinds, less is doing. Sugar. There have been this week but few sales of the inferior descriptions of refined goods; but the demand for better qualities has been the more con

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siderable, so that not only the parcels of
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want of a sufficient supply, which renders
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obtained for them. No change whatever
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