Identifier: historyreminisce00wake (find matches)
Title: History and reminiscences of lower Wall Street and vicinity
Year: 1914 (1910s)
Authors: Wakeman, Abram
Subjects: Coffee industry
Publisher: New York : Spice Mill
Contributing Library: The Library of Congress
Digitizing Sponsor: The Library of Congress

View Book Page: Book Viewer
About This Book: Catalog Entry
View All Images: All Images From Book
Click here to view book online to see this illustration in context in a browseable online version of this book.

Text Appearing Before Image:
pounds; 1865, 2,093,000. Baltimore,1861, 34,671,000; 1865,11,343,000. Total stock, all kinds,Dec. 31, 1865, 9,046 tons. The profits for the previousfew years before the close of the war had been very large.The Government were purchasers for both army andnavy. Fluctuations in gold, addition of duty, with ad-vance in prices, had added to the wealth of those in thecoffee business. Now the Southern ports again opened,but New York retained the business. 1866.—Imports increased but little, and there was verygradual decline in prices on all coffee of about 2 to 3cents. Stocks all kinds, 9,252 tons; gold, 167 to 125. 1867.—There has been a steady increase in consump-tion and the market held well, decline being only about 1cent. The stock increased up to all kinds, 16,585 tons;gold, 146 to 132. 1868.—The competition of other ports again began tobe felt. Baltimore, Charleston, Mobile, New Orleans, Sa- J. A. HEWLETT, HEWLETT & TORRENCE. ,;■. ■■■■■■■.■■ mi-:W:3:::W-
Text Appearing After Image:
BENJAMIN GREENE ARNOLD, FIRST PRESIDENT NEW YORK COFFEE EXCHANGE. Reduction of Coffee Duty 73 vannah, Philadelphia and Texas were all importing coffeedirect. There was a decline of about 2 cents. StockDec. 31, all kinds, 18,088 tons; gold, 150 to 132. The year 1869 was of the active Java market prices,which fluctuated from 21 to 231/2- Brazils were neglectedand remained about unchanged. Stock, all kinds, Dec.31, 10,625 tons, quite a decrease from the preceding year;gold, 162 to 119. One must remember that gold had be-come an article of speculation, was bought and sold sim-ilarly to merchandise. In Hayti, at one time, the paper currency was in bills,$1, $2, $5 (goudes), but the planter who sold his coffeeand received five $5 bills was dissatisfied when his neigh-bor displayed 25 ones for the same amount of coffee, so herefused to take the $5 bills. This forced the Governmentto issue ones and twos. Then the planter who, on hisreturn from market, dumped on the table $25 in jingling,shini

Note About Images