1841-1886
here; but a moderate rate in insurable buildings, and in consequence of the beginning of this year, by the facilities this afforded for watching the state of the market, a merchant of this place realizes a profit of 25 per-cent.
large consignment,
follow
of cotton goods. Formerly it was
necessary to force goods at once on the
market,
& glutted, hence
the expense of demurrage if they kept on ship board, or the risk and loss incurred in keeping them on shore in buildings at Canton,
which are not insurable on account
of the frequent fires, and where the prices for storage are very
high. Several
of the Mercantile firms
who have establishments at Canton
are
building large warehouses here
in
51
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