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Alexandria, Virginia
What is this article about?
Reports circulate on British-American ministerial conferences, with Britain unlikely to repeal Orders in Council until France rescinds decrees. American embargo repeal concerns traders, but benefits British shipping and agriculture; recent demand for manufactures in Spain and Portugal. Insurance premiums on ships to US at 4-4.5 guineas percent; American bank stocks quoted in London; dollars at 5s 4d per ounce. September Packet boosts American produce demand.
OCR Quality
Full Text
Owing to the accounts brought by the September Packet American produce is again in request.
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Where did it happen?
Foreign News Details
Primary Location
United States
Outcome
britain holds orders in council pending french decree repeal; embargo repeal anxious for traders but beneficial for british interests; insurance 4-4.5 guineas percent; stocks: american bank 105l, 8% 92l, 6% 93l, 3% 53l 10s; dollars 5s 4d/oz; increased demand for american produce.
Event Details
Unofficial reports on conferences between British and American ministers; belief that Orders in Council won't be abandoned until France rescinds decrees. Repeal of American embargo important to traders but promotes British shipping and agriculture; recent demand for British manufactures in Spain, Portugal, settlements reduces embargo's general importance. Insurance premiums on British/American ships to US at 4 guineas percent most of summer, down to 3 briefly, now 4-4.5 due to weather. Stock prices in London; dollars at 5s 4d/oz. September Packet accounts revive demand for American produce.