When was it published?

October 26, 1842 in The Camden Journal

Foreign News October 26, 1842

The Camden Journal

Q: What sub-type of article is it?

Economic, Disaster, Trade Or Commerce

Q: What keywords are associated?

Liverpool Fire, Cotton Destruction, Cotton Market, Us Cotton Crop, Uk Harvest, Bank Of England

Camden, Kershaw County, South Carolina

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What is this article about?

Steamship Britannia brings news from England to Boston as of October 4: Destructive fire in Liverpool destroys 41,950 bags of cotton with no price impact; favorable U.S. cotton crop prospects suggest lower prices; UK harvest secured with abundant produce; Bank of England holds ten million in bullion, money plentiful.

Clipping

OCR Quality

95% Excellent

Full Text

LATEST FROM ENGLAND.—The steam ship Britannia has arrived at Boston bringing advices to the 4th inst. The most important news is the account of a destructive fire at Liverpool, by which 41,950 bags of cotton were destroyed. The annexed extract of a letter dated Liverpool, Oct. 3, and published in the Charleston Courier, gives the latest account of the prospect of the cotton market.

"We continue to receive the most favorable accounts of the prospects for the coming crop of Cotton in the U. States, and we feel still further confirmed in the opinion that prices will be far lower than is generally estimated. The sales of cotton in September were only 60,000 bales; notwithstanding the destruction of so large a quantity by fire it has had no effect on prices, and we are as dull as ever. The turn-outs are all at work again. The harvest is all secured, and the produce is beyond any that has ever favored this country. The Bank of England has ten millions of bullion—money is plentiful and discounts low."

What sub-type of article is it?

Economic Disaster Trade Or Commerce

What keywords are associated?

Liverpool Fire Cotton Destruction Cotton Market Us Cotton Crop Uk Harvest Bank Of England

Where did it happen?

Liverpool

Foreign News Details

Primary Location

Liverpool

Event Date

Oct. 3 To The 4th Inst.

Outcome

41,950 bags of cotton destroyed; no effect on prices; favorable u.s. cotton crop prospects; low prices expected; september sales 60,000 bales; uk harvest secured with abundant produce; bank of england has ten millions of bullion; money plentiful and discounts low.

Event Details

Steam ship Britannia arrived at Boston with advices to the 4th inst. Destructive fire at Liverpool destroyed 41,950 bags of cotton. Letter from Liverpool dated Oct. 3 reports favorable prospects for U.S. cotton crop, confirming lower prices; September cotton sales only 60,000 bales despite fire; market dull; turn-outs at work; harvest secured with unprecedented produce; Bank of England bullion at ten millions; plentiful money and low discounts.