Commercial Retrospect on Cotton Wool and Trade
The report notes a further dimidiation in cotton transactions with holders selling at lower terms though the market may not stay quiet. It cites a 700,000 bale drop in American production, unfavourable prospects for the current crop, and high prices likely in 1850 due to limited supplies and strong consumption. Wool prices hold. coffee sugar and rice decline. dye goods plentiful. metals steady but trade unfavourable. Shippers cautious, large public sales expected. stocks remain above last year with overall softer demand in several sectors including seeds, oils, and bones. Hull market details follow for linseed, rapeseed, oils, whale oil, tallow, cakes, guano, and bones.