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Commercial
May 26, 1823
The Alexandria Herald
Alexandria, Virginia
What is this article about?
Letter from Rio de Janeiro dated March 7, 1823, to a merchant in Alexandria details market conditions: codfish sold at $8 per quintal, expected to fall post-Lent; flour moving slowly at $9-$9.50 with poor sales from US vessels (Philadelphia, Salem, brig Cygnet); no recent updates from River Plate on crops due to winds.
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Full Text
RIO JANEIRO.
Copy of a letter, dated Rio de Janeiro, March 7, 1823, to a merchant in Alexandria.
"Since our last of the 15th ult we have no change to note in our market except in the article of codfish, which was sold last week at $8 per quintal, but which will fall again as soon as lent is over, and the cargoes shall have arrived, which are on the way. Flour moves slowly at $9 a 9 50. One Philadelphia vessel which has been here upwards of a month with 2000 barrels, has only sold about 200, and a Salem ship with 2500 bbls. which has been here nearly as long has only sold about the same quantity. The brig Cygnet with 500 bbls. arrived from Philadelphia on the 3d inst. We do not look for many arrivals until the rivers open in the U. S. and we have on hand a stock sufficient to keep down the market for a month or two. We have no advices from the river Plate, later than the 24th Jan. adverse winds prevailing at this season, and we can, therefore, say nothing of the crops.
As we do not wish to put our correspondents to the expense of postage, in giving them unfavorable news, we will thank you to show this letter to such of our friends as you may think proper."
Copy of a letter, dated Rio de Janeiro, March 7, 1823, to a merchant in Alexandria.
"Since our last of the 15th ult we have no change to note in our market except in the article of codfish, which was sold last week at $8 per quintal, but which will fall again as soon as lent is over, and the cargoes shall have arrived, which are on the way. Flour moves slowly at $9 a 9 50. One Philadelphia vessel which has been here upwards of a month with 2000 barrels, has only sold about 200, and a Salem ship with 2500 bbls. which has been here nearly as long has only sold about the same quantity. The brig Cygnet with 500 bbls. arrived from Philadelphia on the 3d inst. We do not look for many arrivals until the rivers open in the U. S. and we have on hand a stock sufficient to keep down the market for a month or two. We have no advices from the river Plate, later than the 24th Jan. adverse winds prevailing at this season, and we can, therefore, say nothing of the crops.
As we do not wish to put our correspondents to the expense of postage, in giving them unfavorable news, we will thank you to show this letter to such of our friends as you may think proper."
What sub-type of article is it?
Market Condition
Prices
Import Export
What keywords are associated?
Rio De Janeiro Market
Codfish Prices
Flour Sales
Us Flour Imports
River Plate Crops
What entities or persons were involved?
Philadelphia Vessel
Salem Ship
Brig Cygnet
Where did it happen?
Rio De Janeiro
Commercial Details
Location
Rio De Janeiro
Event Date
March 7, 1823
Commodities
Codfish
Flour
Key Figures
Philadelphia Vessel
Salem Ship
Brig Cygnet
Notable Details
Codfish At $8 Per Quintal, Expected To Fall Post Lent
Flour At $9 To $9.50
Philadelphia Vessel Sold 200 Of 2000 Barrels
Salem Ship Sold About 200 Of 2500 Barrels
Brig Cygnet Arrived March 3 With 500 Barrels
Sufficient Stock For 1 2 Months
No Advices From River Plate After January 24 Due To Adverse Winds