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Domestic News
June 25, 1789
The New Hampshire Gazette And General Advertiser
Portsmouth, Rockingham County, New Hampshire
What is this article about?
Reports of grain scarcity in British settlements are exaggerated; locals sold large quantities to British subjects in America. Speculators raised prices, but promising crops suggest cheaper grain soon.
Clipping
OCR Quality
98%
Excellent
Full Text
PORTSMOUTH, June 25.
The accounts lately published and circulated respecting the scarcity of grain, appear to be greatly exaggerated. That there was not a sufficient supply in the British settlements is without doubt true; and in consequence large quantities have been sold to the British subjects in America by the inhabitants of these States. A great handle we are assured has been made of this, by speculators, and avaricious holders of grain, to enhance the price, but as the crops now look promising, the probability is, that in a short time grain will be much more plenty and cheaper than at present, and these canker worms to society be disappointed in acquiring unjust gain.
The accounts lately published and circulated respecting the scarcity of grain, appear to be greatly exaggerated. That there was not a sufficient supply in the British settlements is without doubt true; and in consequence large quantities have been sold to the British subjects in America by the inhabitants of these States. A great handle we are assured has been made of this, by speculators, and avaricious holders of grain, to enhance the price, but as the crops now look promising, the probability is, that in a short time grain will be much more plenty and cheaper than at present, and these canker worms to society be disappointed in acquiring unjust gain.
What sub-type of article is it?
Economic
Agriculture
What keywords are associated?
Grain Scarcity
Speculation
Crop Prospects
Prices
Trade
Where did it happen?
Portsmouth
Domestic News Details
Primary Location
Portsmouth
Event Date
June 25.
Outcome
promising crops expected to lower grain prices soon, disappointing speculators.
Event Details
Accounts of grain scarcity in British settlements are exaggerated; locals sold large quantities to British subjects in America. Speculators and avaricious holders used the situation to raise prices.