James Madison Papers

To James Madison from Robert W. Fox, 5 July 1802

From Robert W. Fox, 5 July 1802

Falmouth 5th. July 1802

Esteemed Friend

A Packet being expected to sail this Week for America, I thought it proper just to say that a great number of American Ships have lately arrived, most of them with Flour & Wheat; part of which has been forwarded to London, Nantz, Barcelona &ca. but the greatest part for Havre de Grace, where a very large quantity of Grain and Flour is already arrived; and in consequence of the French Government selling some Cargoes at less than its cost, the price has fallen from 60 Livres per Barrel to 55, and I expect will be lower as the Markets are flat, except Liverpool where it is worth 42/ per Bbl. At Lisbon they have a prospect of a good harvest, which is the case in this Country.

Shipping is at present very dull, and freights low and scarce: indeed there seems to be a general complaint in this Nation for want of trade.

Coffee has lately been getting up a little, and so have the bowed Georgia Cotton Wool which is now at 14c per lb.

I have not yet received the return from the ports in my district of the American Vessels arrived to the 30th: June, but hope to send it very shortly. I remain with great respect Thy assured Friend

Rob W. Fox

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