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their pork and its cheapness of price, which, if rightly improved, will enable them to furnish the principal portion of the pork required by the English markets, as they already are likely to do with respect to beef. There being a considerable export demand for pork in this market, which can be much increased by continuous supplies of prime qualities at moderate rates, we would strongly recommend the trade to the notice of all parties who are interested in its extension.
Cheese has not had quite so free a sale during the month, the advanced prices asked being unwillingly paid by buyers. The prospects of the market, however, are still favorable—a further advance in price being much more likely than any decline from present rates. No decline in the value of cheese can in fact take place while our markets for other provisions remain in their present position; and as the late advices from America bring higher quotations from thence, with lessening shipments, the small stock held here is likely to be brought within still smaller compass before the end of the present month. Our market offers, therefore, every inducement for continued shipments, with the certainty of giving paying returns.
With regard to butter, we have ouly to confirm our previous advices, that shipments of middling and inferior qualities would result well; the duly being no obstacle in the present scarcity of Irish butier, which has again advanced from 4s. to 6s. per cwt. during the month. Grease butter would also have a free sale.
Lard has continued to meet a ready sale at our quotations, which do not vary from those of last month, except for the purest leaf in kegs, on which an advance of 28. per cwt has been obtained. In the early part of the month there was some advance made on the finest qualities in barrels also, but which was again lost as supplies increased. The demand for such will, however, continue good; the high value of butter having thrown consumption more upon lard, and the supply of Irish being unequal to meet the increasing demand. A process of bleaching American, and preparing it for culinary purposes, has been discovered, which is likely to lead to its extensive substitution for Irish. The middling and inferior sorts, suitable for manufacturing purposes, are already at their extreme value relatively with tallow, and are not likely, therefore, to alter materially from present rates. The stock, it will be observed, is light
, as compared with the commence) ment of last year. The market for tallow has been dull throughout the month, and has declined 6d. to 9d. per cwt.; and as the home supply is found to be considerably in excess of that of former years, it is not probable that any advance will now take place on present rates, especially as the demand usually slackens aster Christmas. No further decline is looked for, the market being now steady.
Ashes have further declined in price, several parcels of pot having changed hands at 22s. 9d., and extensive sales taking place at 23s., which is now the current price, though some holders do not offer under 23s. 6d. 255. is the nominal value for pearls.
Hides have had a dull sale, and North American wet salted must be quoted d. per pound lower, 3 d. being now the highest quotation. The total stock of hides on 31st December last was 209,985 against 296,137 on 31st December, 1943: the former includes 1,921 North American. There have been no transactions in American hemp to record. Beeswax has not sold freely, and is lower-£7 15s. being now an extreme quotation.
Flaxseed has been arriving freely, and sales to some extent have beer
made at 66s. and 678., which is its present current vulue ; but, in consequence of the great deficiency this year from the usual quantity exported from Riga to Ireland, there will be a large demand upon American, and which will lead to higher prices as the season advances. The season is still too early for any transactions of consequence in clover seed, the value of which at present is quite nominal. The prospects for the article are good, and high prices will be obtained for prime parcels. The sale for linseed cake has improved, and higher prices are now paid for the best parcels, with the prospect of a continued good demand during the winter.
Our corn market has kept very quiet throughout the month, (which, however, is usually the case in December,) all parties being indisposed to increase their engagements at the end of the year, if they can avoid it. Wheat and flour remain at low prices; but an opinion is generally held, that some movement upwards will take place after the turn of the year. The sale for Canadian flour is not brisk, the supplies of English and Irish being large, and the quality giving great satisfaction to the bakers. Sales of United States in bond, to the extent of 1,200 barrels, have been made at 17s. 6d.; which is some advance on previous rates. We are yours, respectfully,
J. & C. KIRKPATRICK.
No. 41—(3.) Prices current of American produce at Liverpool, January 3, 1845; made up from actual
Names of articles.
3 18. per ton.
£ 8. d. £ s. d. Ashes, pot, duty paid, per cwt.
10 a 1 20 pearl, duty paid per cwt.
6d. per cut. Beef, mess, per barrel
1 8 0 a 1 13 0 mess, new, per barrel
1 14 0 a 1 18 0 prime, per barrel
20 a 1
1 40 a 1 60
38s. per cwt.
a mess, per tierce
a 3 15 0
4 0 0
2 40 Beeswax, unbleached, duty paid, per cwt,
7 00 a 7 12 6 28. per cwt. Butter, prime, duty paid, per cwt.
208. per cwt. Canadian, duty
4 4 0 a 80 58. per cwt. grease, duty cwt.
18. 8d. per cwt. Bones, shank, duty paid, per ton
5 10 0 a
6 00 mixed, duty paid, per ton
4 0 0 5 00
6d. per ton.
a Castor oil, per pound
0 0 44 a 0 0 6 1s. 3d. per cwt. Cheese, first quality, duty paid, per cwt,
2 10 0 a 2 15 0 ordinary, duty paid, per cwt.
% 60 a 2 8 0 108. 6d. per cwt. inferior, duty paid, per cwt.
2 00 a 2 4 0 Clover seed, duty paid, per cwt.
2 50 a 2 10 0 108. per quarter. Flax seed, duty paid, per seven bushels
3 50 a 80 18. per quarter. Flour, Western canal, per barrel
0 17 6
128. per barrel. Hams, in salt, per cwt.
} 14s. per cwt. in canvass, per cwt.
1 10 0 a 2 6 0 Hemp, dew rotted, duty paid, per ton
22 0 0 a 25 00 Id. per cwt. Hides, wet-salted, duty paid, per pound
0 0 34
3d. per cwt. Horns, duty paid, per cwt.
0 18 0 a 1 2 0
2 Horn tips, duty paid, per cwt.
1 10 0 a
I 1903 Indian corn, duty paid, per 480 pounds
1 13 0 48. per quarter. Lard, fine leaf, in kegs, duty paid, per cwt.
2 4 0 a 2 60 fine leaf, in barrels, duty paid, per cwt.
1 17 0 a 1 18 0 23. per cwt. inferior, duty paid, per cwt. •
1 13 0 a i 16 0 S Linseed cake, duty paid, per ton
8 00 900 1s. per ton. Lead, pig, per ton
208. per ton. Oil, lard, duty paid, per tun
41 0 0
20 per ct. ad val. palm, duty paid, per tun
25 00 a 26 00
6d. per cwt. sperm, duty paid, per tun
87 0 0
0 0 £15 per tun. whale, duty paid, per tun
00 £6 per tun. Ox tongues, pickled, duty paid, per dozen
108. per cwt. Pork, thin mess, per barrel
2 10 0 a
3 0 0 mess, per barrel
2 2 0 a 2 4 0
88. per cwt. prime, per barrel
1 16 0 a i 18 0S Quercitron bark, New York, duty free, per cwt. 0 76 a 0 8 0 Philadelphia, duty free, per cwt. 0 7 6
| 3d. per cut. 08
a Rape, cake, duty free, per ton
5 0 0
1s. per ton. Rice, dressed, per cwt.
0 14 0 a 0 16 6 6s. per cwt. Rosin, duty paid, per cwt.
0 4 6
a 050 2s. per cwt. Tar, duty paid, per barrel
0 11 0 a 0 12 0
2}d. per barrel. Tallow, duty paid, per cwt.
1 19 0 a 2 06 38. 2d. per cwt. Turpentine, duty paid, per cwt.
0 7 0 0 7 6 1d. per cwt. Whalebone, duty paid, per ton
ct. ad val. Wheat, per 70 pounds
20s. per quarter. duty paid, per 70 pounds Quoted in bond, except when mentioned as duty paid. Five per cent. additional is charged on duties stated; but provisions for export or ship stores pay no duty. Hams and bacon, in pickle, pay pork duty.
A barrel is 200 pounds, a tierce is 304 pounds, a quarter is 8 bushels, a cwt. is 112 pounds, an imperial gallon is 9 pounds, a tun is 252 imperial gallons.
a 92 Q 31
Aggregate average prices of foreign corn for six weeks, (which regulate the dury,) made up to December 21, 1844.—Wheat, 458. 3d.; oats, 21s. 9d.; Indian corn, 32s.; peas, 358. 11d., per imperial quarter.
Duty during the present week.-Wheat, 20s.; oats, 6s.; Indian corn, 4s.; peas, 78. 6d.; flour, 125, 02 d., per barrel.
Duty on Canada grain.- Wheat, 18.; oats, 2s.; Indian corn, 6d. ; peas, 6d.; flour, 78d.
LIVERPOOL, January 3, 1845. DEAR SIR: I have inuch pleasure to note, at the commencement of another year, the favorable position of the American provision trade. The advances evident in the few samples of the new cure of beef and pork that have arrived, and the marked improvement and liberal supplies of cheese, give strong assurances of a permanent business in those articles; while a profitable trade in lard and tallow has only been limited by a want of supplies.
The following extract from the circular of an extensive cattle-dealiog firm contains important corroboration of our antịcipations of the growing success of the provision trade; and is the more valuable as it is written for the home market only, without any reference to American circulation, and certainly without any partiality shown to the trade:
“ With respect to salted provisions, we shall have a perinanently established business from America for beef and pork; hitherto it has been inefficiently conducted, through ignorance on the part of the Americans as to what would suit the English market, and sales here having had to be effected at considerable sacrifice, and a clearance of nearly all the inju. dicious selections and old and bad lots having been made, and experience regulating the basis upon which the shipments on the road, and which are preparing for this country (must be made,] will be the means of placing this trade in future in a methodical channel. From what has transpired, it is evident the Irish curers can have no chance of competing with the American importers in point of beef; but, with respect to pork, Irish maintains and is likely to maintain the pre-eminence, although some corn-fed pork of excellent quality was sold here last week at 61s. per barrel; which shows that, if America will really send the article required, price is a secondary object. Tierce middles, or bacon, of which there were a few arrivals in the early stage of this business, are not now looked for or thought of. Lard has been the steadiest article imported since the opening of this trade. The description, however, has been of various quality, very little amongst it suitable for culinary purposes—though, in consequence of the high price of Irish, it is inquired for now for that purpose; but it has become a staple article of commerce amongst the chandlers and lard pressers. United States or Canadian butter has been a small import during the year; and considering the high price of Irish, and rapid communication between this port and America, its not coming forward leads to a confirmation of the accounts that the Canadians have not turned their attention to it as an article of export; and that the duty from the States, added to the price there, would not make it a profitable shipment, even if the present high price of Irish could be obtained for it. The import of cheese from America has been heavy; and although a large quantity has been of inferior quality, there have been some very prime parcels amongst it; and this article, like all the American provisions intended for this market, will, as the knowledge of the trade becomes extended, find a proper level of the continuance and permanence of our business with America for this article there can be no doubt, as they can send it good in quality, and moderate in price."
I have understood it would be acceptable to many parties to republish, at this time, the directions for packing some of the leading articles of import, although they have been already widely circulated, and do not possess the same interest they had two years since. They will be found annexed.
The threatened scarcity of money has not been realized. The rate in London is about 24 per cent. This, with the continued employment of the manufacturing districts, and the entire absence of mercantile speculation, gives good promise for the results of the new year just commenced. The prevailing easterly winds have limited arrivals during the month of December, but transactions to a fair extent have taken place—for which, see remarks under the usual head. With compliments of the season, i am, very respectfully,
Review of the market for December.
Beef:—The small imports of new have been taken readily, on arrival, at extreme quotations. There is no doubt this market will be entirely dependent on America for supplies of beef.
Pork.--About 150 barrels new have arrived, so well handled as to realize at once prices nearly equal to Irish; showing that the low prices heretofore obtained were attributable to careless curing and packing, and not 10 quality of meat.
Butter continues scarce, and prices advance. With an import from Ire. land equal to 1,000 firkins per day, the stock is less than same time last year.
Cheese.--A large business has been done, but dealers have submitted reluctantly to the advanced prices. The quality continues to give satisfaction.
Hams.-Sales of really fine small hams could be made at highest quotations, but there are none here.
Beeswax.-Sales at £7 12s. 6d. per cwt ; but it is questionable whether this price could be had for more, as the supplies are more than ample for the demand. This article does not enter as largely into manufacturing purposes as formerly.
Cloverseed.—The stock is undoubtedly light, but holders ask higher rates than buyers will submit to. Shonld increased supplies from the continent not arrive, a considerable advance on present quotations must be looked for ; but there have been no sales this season of new American.
Flaxseed. There have been considerable arrivals from New York; but holders prefer storing to accepting less than 70s. per tierce. The imports from Riga into Ireland being 16,436 barrels against 53,789 last year, leaves