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rose to 16s. ; and I know an instance where it rose so 

 suddenly, that while one vessel was taking in a cargo at 8s., 

 another, whose contract could not be many days later in date, 

 was receiving 16s. per quarter. This is not far short of 50 

 per Cent, upon the actual cost of the article itself, in New 

 Orleans, under ordinary circumstances. Mr. Jacob, a writer 

 on the Corn trade, quoted by M'Culloch, gives it as his opinion 

 that an extraordinary demand for as much Wheat as would 

 equal only six days' consumption for this country, would raise 

 the cost of freights from 30 to 40 per cent., on the Vistula ; 

 and Mr. Baines, in his recently published pamphlet, states, 

 that on the 1 8th of November, the cost of inland transit on the 

 Ohio to the shipping ports had risen from 4s. to 10s. per 

 barrel for Flour, and that a further demand would make 

 the cost of transit equal to 10s. per barrel. This would be 

 a rise of 300 per cent., and in the same pamphlet he gives 

 an opinion, which the last advices from America prove to 

 have been correct to a degree of nicety, that an increased 

 export of Bread Stuffs from the States, would cause the 

 freights across the Atlantic to rise from 5s., the rate then 

 known to be paying, to from 7s. to 8s. per barrel, and this, 

 as I have stated, has been literally the case. Mr. Bicardo, in 

 his speech reported in the Times of the 20th of January last, 

 states, that the freights on the Black Sea had risen to 1 6s. per 

 quarter. I might go on for ever with proofs of this kind, 

 but it is totally uunecessary, for it must be evident to all, 

 that the number of vessels built, being regulated by the 

 ordinary carrying trade of the world, which is always 

 going on, and must go on, in spite of our sudden and ex- 

 traordinary exigencies, it is almost an impossibility to get 

 a sufficient quantity of shipping, on such occasions, and 

 what is withdrawn from the usual course of trade, must be 

 paid a freight accordingly.* 



• Since this paper was written, vessels have been chartered for grain from the 

 Black Sea to the United Kingdom, at 21s. per quarter ; with an addition of 16 

 per Cent, if ordered to the Continent. 



