27 Feb 1840
Page 1
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Newspaper
Commercial Daily List
Location
London, Middlesex, United Kingdom
Date
Feb 27, 1840
Page
1
A dated and detailed catalog of imports and consignments includes SUGAR SEED SAFFLOWER SHELLAC and hemp items with numerous parcels from Bombay and various ports. A March week spans entries for timber, livestock, rattan, jute, pepper, rice, and other commodities. Market notes discuss sugar price rises, public sales, and molasses, with ongoing naval and commercial updates.
There was little business today on the Stock Exchange with no material changes. Consols finished at 904 for money and account, Ex. Bills eased to 35 prem, Spanish Active Stock closed 274 288, Passive 7 4, Deferred 13.4, Portuguese 5 per cents at 33.4 and three's at 234%.
The excerpt argues that Chinese demand for life in homicide cases and willingness to accept bribes threaten English relations and trade. It criticizes the idea of unequal terms and asserts that a respected, rights based footing is needed. It warns that existing policy may yield profit but harms national dignity and calls for a shift.
In the House of Commons Sir Richard Jenkins urged a committee to consider measures aligning duties across British possessions. Proposals include equalising sugar import terms with India, standardising spirits duties, correcting tobacco levies, adjusting Indian goods tariffs, lowering tea duties, and removing inequalities between Britain and India duties.
The list details vessels passing Gravesend since the last report with cargoes from Ostend and Limehouse to Oporto and Ostend. It notes arrivals off Portsmouth Plymouth Liverpool and Cape Clear and ships including the Cheetah Sophie Castor Laure Hero and the Laure with items such as butter flax eggs apples wine cork bales cotton wool coffee and sundries.
Reports from Genoa and Trieste show coffee demand twisting with orders scarce and prices easing while colonial sugar remains in brisk demand. New York market notes bullion flows, bank loan conditions, and a wavering currency outlook, with fears over specie payments and bank failures if restraint persists.
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