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Daily National Intelligencer
Washington, District Of Columbia
What is this article about?
From Pernambuco, August 30: Brazilian government to withdraw from costly River La Plata expeditions due to European remonstrance, with minimal gains. Trade losses for returnees amid unsellable cargoes and high return freights. Abundant local Mandioca and corn crops reduce import needs; 1000 barrels of flour would overstock market.
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Our government, after going to an immense expence with the expeditions to the River La Plata, will have to withdraw from it at the remonstrance of the powers of Europe. A few vessels have been taken, but nothing to what we expected. Our convoy has sailed for Portugal, and being under constant apprehensions, seldom a vessel sails without one.
Great losses must inevitably be sustained by those who have returned hither lately, as their cargoes cannot be disposed of even at a very considerable sacrifice, and on the returns no freight can be gained at the present high prices. Besides, we have an excellent crop of Mandioca and corn this year, which does away in a great measure the necessity of looking for supplies of provisions elsewhere. Under these circumstances, the importation of 1000 barrels of Flour, would always overstock our market, provided it was bare of this article on its arrival. Balt. Pat.
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Where did it happen?
Foreign News Details
Primary Location
Pernambuco
Event Date
August 30
Outcome
withdrawal from river la plata expeditions; great trade losses for returnees; abundant local crops reducing import needs
Event Details
Government to withdraw from expensive expeditions to River La Plata due to European powers' remonstrance, with only a few vessels taken. Convoy sailed for Portugal amid apprehensions. Returnees face losses as cargoes unsellable and no return freight possible. Excellent Mandioca and corn crops eliminate need for external provisions; 1000 barrels of flour would overstock market.