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Edward G. Faile and Company letter to Richard Pell Hunt
Edward G. Faile and Company
Richard Pell Hunt, 1797-1856
03/15/1828
On front of document on right: “Mr R P Hunt We yesterday closed the sales of your Flour, after unsuccessfully holding it in anticipation of a higher price than it would command at the time of it receipt The winter having been so open that supplies have arrived from all parts almost without interuption and consequently has kept the market over stocked the whole season – The speculators have had a hope that some news from abroad would operate on the export and thus cause an advance – but the recent and very late accounts from Europe have dispelled all such anticipations – so that it is with difficulty that sales of N York flour can be Made at $4 7/8 and [even?] less – the quantity of southern being very large and selling at from $4 ¾ to $4 7/8 – and in addition- a much larger quantity of canal being in Market than is usual at this season of the year – and a further decline daily looked for as the time of its opening approaches – We commenced retailing yours on the 22nd Feby – and sold in lots from 1 to 14 bbls 145 Do at $5/4 on the 13th sold 111 bbls D at $5/8 and yesterday closed the remainder – 50 Bbls at 5 1/16 Dolls. the two last sales were to persons out of the Market and on eastern account – We not being able to obtain from the city dealers since we first commenced selling on offer over 5 Dolls – In the last lot received in the fall there was one bbl part out which was sold at 4 Dolls – it is mentioned as you are entitled to a deduction on your bill" On back of document on left: "of transportation – We regret that you should be so peculiarly unfortunate on all produce stored – for as yet it has always been less when sold than at the time of its receipt – but in the present case the prospects were the most flattering of [our?] seasons in some time although the result has been quite unfavorable – As regards the spring market you can form a better idea of the quantity to arrive than we can which in a great measure regulates the price not [illegible] export is expected – so that the principal sales will be for home consumption Respectfully Yours Edward G Faile” On front of document on left: "E. G. Faile & Co. Letter 3 Mo 1828" "Mr. Richard P. Hunt Mercht Seneca Co NY" Postmarked in red ink "New-York MAR 15"
Content Location: New York, NY
Women's Rights National Historical Park, Seneca County, New York Latitude: 42.9025993347168, Longitude: -76.8444976806641