Bordeaux, 1859. :: 1,119 40 :::: . Bordeaux, 1859. Bordeaux, . 1959, ::::::::::::::::::: ig ::::::::::::::::::::: 278 is IMPORTS of SMERRY, SICILY, RED, WHITE, CHAMPAGNE AND CLARET WINES INTO THE SEVERAL PORTS OF THE UNITED STATES DURING THE FISCAL YEAR ENDING JUNE 30, 1860. 5,695 New-York,... $ 347,657 $ 20,928 $ 357,726 $ 391,328 $ 1,024,822 $ 183,536 Boston..... 47,886 7,115 3,966 49,384 932 San Francisco,.. 13,466 72,136 17,957 133,575 21,572 New Orleans..... 9,416 50,955 59,699 120,340 203,123 Baltimore,.... 6,430 569 299 1,443 2,753 Charleston,.. 2,311 466 1,430 1,540 246 Detroit.... 1,297 503 Philadelphia, 995 942 1,382 869 1,740 3,070 Savannal...... 562 52 Mobile,.. 315 168 168 Passamaqnoddy, 268 1S 41 Oswegatchie,... 230 528 Texas.. 175 950 312 250 1,039 Chicago... 152 Niagara... 97 18 Genesee.... 30 New-Bedford, 183 Norfolk, 28 10,974 3,062 Sandusky, 698 Cuyahoga,.... 122 All others,... 688 975 Total U. S.,.. $ 431,287 $30,395 / $ 486,999 $ 462,416 | $ 1,345,925 | $ 420,475 VOL. XLV.-NO. I. 4 REVIEW OF THE HEMP MARKET FOR 1860. From WOOD & NICHOLS' Markot Report. Manilla Hemp.-The history of this article for the last three years is characterized by a gradual decline in price, which, excepting slight and temporary interruptions, has continued through the past year. The decline was arrested in the spring at 6c., by a speculative feeling, based upon an advance in rates of freight at Manilla, and price was carried to 61c. This advance was soon lost, and market remained pretty firm at 6c., until late in the summer, when increased demand for consumption stimulated holders, and appreciation followed. The market afterwards again receded, and has been steadily drooping until now. The cause for this decline is sufficiently explained by the constant addition of large cargoes to an overstocked market; and, in many instances, the pressure of a heavy surplus has crowded the price below cost of importation. The gathering of this article in the provinces of Manilla was greatly stimulated by a demand for return freight from a rapidly increasing tonnage, consequent upon the development of the California trade. As supply was thus augmented, depreciation succeeded; and, in order to realize as much as when hemp commanded better prices, the decline has been followed by increased supply. This process has been going on until confidence has been weakened ; and, as the production is inexhaustible, requiring no cultivation, the inquiry is suggested as to when it would touch bottom. It is thought that the limit is nearly reached, and that the effect of the present state of the market will bring the price to a point which will effectually stop the supply. Arrivals at Manilla to October 6th, 191,237 bales, against 181,326 do., same time in 1859. Our statement exhibits a large increase upon the consumption of last year. This increase has been steadily growing, although for several years the shipping interest has been depressed, and the demand for its uses, which, in prosperous times, amounts to nearly one-third of the consumption, has been small . The low price of the material has undoubtedly contributed to the result. Early in the autumn a great impetus was given to trade by the sudden appreciation of a large crop of cereals ; and manufacturers found plenty of employment with the greatly increased orders, resulting from the favorable turn of fortune at the West. An extraordinary prosperous career was suddenly checked, and the country agitated by a political excitement, that has entered, with its paralyzing influence, into every department of trade and industry. Demand has subsided and values become nominal. The last sale of hemp was made at a trifling concession from 51c. Buyers offer 5 c. Stock in the country on the 1st January, 1857, 82,140 bales; same time in 1858, 69,683 bales; in 1859, 81,396 bales; in 1860, 84,594 bales; in 1861, 86,815 bales. Stock in the country and afloat, January 1, 1858, 74,852 bales ; 1859, 109,009; 1860, 113,513 ;, 1861, 120,922 bales. 1851,..... COMPARATIVE PRICES PER PICUL IN MANILLA, AND FREIGHTS, FOR FOUR BALES. PRICES, HEMP. FREIGHTS, IXMP. Highost Lorost Averago Highost Lordest Averago YEAR. Price. Price. Prico, Rate. Rate. Rute. 1850,.. $ 6 50 $6 62 $ 6 25 $ 15 00 $10 00 $12 50 750 6 12 6 62 10 00 6 00 700 1852, 8 12 6 50 7 12 12 00 8 00 10 00 1863, 8 37 7 00 7 65 10 00 10 00 10 00 1854, 11 50 7 00 8 42 20 00 14 00 17 60 1855, 8 00 6 60 7 25 17 50 12 00 15 26 1856, 8 25 7 60 14 00 8 00 10 80 8 60 6 00 7 75 13 00 5 00 8 65 1858, 6 78 4 75 5 37 11 00 6 00 8 00 5 25 4 50 6 00 7 00 3 00 5 00 1860 to October,.... 45 41 41 10 00 5 00 Average from 1850 to 1859, 11 50 4 50 6 88 20 00 3 00 10 31 Bales. Stock in all hands January 1st, 1860,...... 84,894 Imports from January 1, 1860, to January 1, 1861, 144,491 229,086 *Stock in all hands January 1, 1861,... 86,816 1857,.. 1869.... Consumption for the year,... 142,270 TOTAL EXPORTS FROM MANILLA TO THE UNITED STATES. From January 1, 1860, to October 6, 1860,.. 115,128 115,128 Same time in 1859,.. 107,235 Showing an increase 1860 of.... 7,893 Same time in 1858,... 113,619 Increase in 1860,.... 1,509 Same time in 1857,.. 91,122 34,792 35,913 34,792 21,444 1,121 Decrease in 1860,... 80,458 COMPARATIVE IMPORTS. From January 1, 1860, to January 1, 1861,.. 1859, to 1860, 144,491 66 Increase in 1860,. 12,193 From January 1, 1868, to January 1, 1859,. 128,782 1857, to 1858, 119,659 CONSUMPTION IN THE UNITED STATES. 1852. 1853. 1854. 1855. 1856. 1857. 1858. 1859. 1860. 87,176 106,376 90,174 100,760 114,203 111,047 110,882 129,100 142,270 COMPARATIVE EXPORT OF HEMP TO UNITED STATES AND EUROPE Date. 1850. 1851. 1852. 1858. 1854. 1858. 1856. 1857. 1858. 1859. To the United States, 51,097 71,566 110,257 102,292 114,008 107,290 156,198 121,655 144,476 142,328 To Europe,........ 10,608 15,402 13,871 8,467 47,801 11,881 19,699 47,991 52,816 65,886 Bales,..... 61,705 86,968 124,128 110,759 161,809 119,171 175,892 169,646 197,292 207,664 • Boston, New-York and Philadelphia. 66 20, . 66 January 20,.. Comet,. New-York, 26,.. Asterian, Boston,.... New-York, 28,. Wm. Sprague, Boston,.. Josiah L. Hale,.. New York, Eastern Star, Boston,.. New-York,.. Boston,.. “ 15,..... Winged Arrow, 15,.... Aurora, .. New-York, June 1,..... Southern Cross,. Boston,.. Sweepstakes, New-York,.. Superior,... July 11,.. Belle of the West,.. Boston,.... August 30,.. Nestorian,.. New-York,.. 30,... Ringleader,.. September 12, Malay,.. Boston,.. October 2,... Nautilus,.. 5,... Free Trade, New York, 5,... Reliance,..... Boston,.... 12, Romance of the Seas, New York,.. 14, E. P. Stringer,.. New-York, Boston,.. " 12, " 18, 8,239 61 cents. 6 6 1-16 4,540 6 7,844 6 afloat. 3,648 6,231 6 7,179 6 2,860 6 5,266 6 4,1856 1-16 @ 6} 4,057 63 1,120 6,430 6 @ 63 1,917 4,825 1,666 1,985 6f @ 53 285 7,675 5,250 4,245 54 Jute.-The low price of Manilla hemp has brought that article in competition with jute during the past year, and, to some extent, has driven the latter out of the market. In view of the reduced stock at the commencement of the year, and the large falling off in shipments at Calcutta, holders were firm at $92 50 @ $95; but trade was dull, and manufacturers demanded lower prices. Market gradually yielded until early in the summer, when an unexpected demand came from the South for baling use, to supply the deficiency of Western rope. With moderate supplies, a gradual reduction of stock ensued, and holders became firmer. Later in the season, a prospective short supply induced manufacturers to buy freely, and the market became quite active. Appreciation rapidly followed, and sales were made as high as $110; but the advance has been strongly resisted, manufacturers contending that, so long as Manilla continues to decline, they must stop, unless jute can be obtained at lower rates. During the last month they have done but very little, and will only meet the pressing wants of the trade until a better chance for profit exists than they now have. A small lot was brought out from England, but her short supplies have not permitted our market to be relieved from that quarter. The erop of 1859 was small and of inferior quality. Good or even fair qualities have been scarce; and a |
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