5 September 1803, Liverpool. Wrote last on 23 July. At the war’s commencement U.S. commercial prospects were favorable, “but the prohibitions of France & Holland to all commercial intercourse with this country, added to the Blockades of the Elbe & Weser continue these markets in a most depressed state.” “The crops in general throughout the United Kingdom are so uncommonly abundant that Foreign wheat & flour are become a drug.” Encloses “the present state of this market.”