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Alexandria Advertiser And Commercial Intelligencer
Alexandria, Virginia
What is this article about?
Report from Havre de Grace, France, on August 21, detailing improved national trade due to new regulations on colonial commodities, with price increases in sugar, coffee, tobacco, pepper, and other goods amid cash shortages and export limits from St. Domingo.
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From late French papers, received at the office of the Philadelphia Gazette.
HAVRE DE GRACE, Aug. 21.
Since the arrete of July 22, trade is on a surer and more regular footing. The duties established on colonial commodities in foreign vessels, and from any other place than our colonies, has put an end to the great number of foreigners who filled up our stores and drew out our cash. Trade is become more national, and vessels are to be cleared out for our colonies, that will supply the wants of our consumption, and will enable us soon to supply, as formerly, the north and south of Europe, with an immense overplus.
The consequence of the new regulations has been an increase in the price of colonials commodities, particularly of sugars and coffee; this increase would have been quicker, had it not been stopped by restraint, and the scarcity of cash. Brown sugar that fell to about ten dollars, has been raised this month to more than twelve; and it is thought it will be higher. It is certain that the next 6 months, but a little quantity of sugar can be sent from St. Domingo. and the duties of two crowns and half per cwt. on brown sugar, and 5 dollars and 40 cents on superior quality, is so heavy, that it is next to impossible that it should be cheaper. Between 80 and 90 hhds. were sold last month.
Coffee sells very fast, and the price has been raised from 20 to 24 cents.
Much tobacco was likewise sold from 16 dollars and a half to 17.
Pepper is sold very fast at 27 and 30 cents per lb.
Amer. pot ash is bought at 7 dols 75 cts Dantzick, do. 7 18
Hides, Buenos Ayres, 10 70
They are now in demand here.
Indigo no sooner arrives than it is engrossed at a high price.
No call for cotton; it will be in demand when wanted for consumption. that is to say, in a month or six weeks.
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Where did it happen?
Foreign News Details
Primary Location
Havre De Grace
Event Date
Aug. 21
Outcome
price increases: brown sugar from 10 to over 12 dollars; coffee from 20 to 24 cents; tobacco from 16.5 to 17 dollars; pepper at 27-30 cents per lb.; limited sugar from st. domingo next 6 months; 80-90 hhds. brown sugar sold last month; amer. pot ash at 7 dols 75 cts and dantzick at 7 18; buenos ayres hides at 10 70; indigo at high price; cotton not in demand yet.
Event Details
Since the arrete of July 22, trade is more regular with duties on colonial commodities in foreign vessels ending foreign dominance; trade more national with vessels clearing for colonies to supply consumption and surplus for Europe. New regulations increased prices of sugars and coffee, slowed by cash scarcity; brown sugar rose to over 12 dollars, expected higher; limited supply from St. Domingo; heavy duties make it unlikely to cheapen. Coffee sells fast at 24 cents; tobacco sold at 17 dollars; pepper fast at 27-30 cents/lb.; pot ash, hides, indigo in demand at listed prices; cotton demand expected in 1-6 weeks.