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4,1
                      RESIDENCY AND MUSCAT POLITICAL AGENCY FOR 188-1-35.



                                     PART III.
                     REPORT ON TRADE OF THE PERSIAN GULF FOR 1831.

                                    General Remarks.
            Grain.__The year 1881 disappointed the expectations which its opening months tended
        to raise as regards trade in South Persia. Unusually large rainfall in the cultivating season
        of 1883-84 gave hopes of a splendid harvest, but later in the season unfavourable conditions
        of weather caused a partial blight of the grain, which turned out of a harder description than
        usual, with a large proportion of shrivelled grains. There occurred, however, no scarcity of
        corn, as,  besides a surplus of the 18S1 crops available for exportation, a good deal of the 1883
        grain had been kept back. That shipments were on a moderate 6calc was due chiefly to the
        fall of prices in European markets.
            In the early part of 18S1, London prices were good for well-cleaned wheat, but harvests
        everywhere having turned out abundant, prices soon began to fall, and a reduction of 20 per cent.
        was  observable from February to August. In December a rise occurred, aud the year 1833
        opened more favourably for the grain trade.
            Persian agriculturists have the Inbit of mixing barliy largely with wheat, sometimes to
        the proportion of 50 per cent., and as only well-clcaucd wheat was saleable la~l|year in London,
        some  Persian merchants, who neglected the precaution of sifting, suffered losses. Wheat is
        now  clcaaed by machinery i:i Bushire. It is remarked that the fluctuations of prices of grain
        in European markets do not, to a corresponding extent, influence the local prices in Persia.
            The operations of British merchants in exportation of wheat have been !greatly hampered,
        and, in fact, when very low prices ruled in London, completely stopped, by levy of export duty
        both at the small outports such as Bunder Roeg and Dcc'.am, and also at Bushirc, in addition,
        on final exportation. Large quantities of grain are purchaseable at Reegand Dcelam, though
        the wheat is said, as a rule, to be inferior in quality to that brought from Dasuti and other
        districts to the south.
            Opium.—The next most important produce is opium. The crop of last year was consider­
        ably damaged by rain, and the yield was under the average and prices in the interior kept
        high. Less was consequently shipped to London than usual. The Persian opium is said to be
        less adulterated now than formerly, and to be therefore more popular in European and Ameri­
        can markets, competing well with Turkish opium. Hostilities in China increased the demand
        for Persian opium in that quarter.
            Cotton.—The cotton grown in Persia is handicapp>ed as an export by want of cheap
        carriage, and cannot be sent to England, but only to the cheaper market of Bombay.
            Tobacco.—Tobacco exportation is on the increase, and is of some importance.
           Imported goods.—The trade in imported goods was unimproved, and European firms
        operated on a smaller scale and for a very small margin of profit Especially was this the case
        in copper, sugar, mexicans, yarn, and shirtings. There was in the summer mnch depression in
        the piece goods trade, the demand being very small. It is remarkable that trade in chintzes
        is increasing in importance. This fact appears to support the opinion of the legation agent
        at Ispahan as to the cause of decrease of importation of indigo there, mentioned in Mr. Dickson's
        report dated 31st October 1834. Mr. Aganoor stated that whereas the peasantry formerly
        wore stout T cloths dyed with indigo, they now used fancy prints, which went to show an
        incrcaso of prosperity amongst that class of the population.
            Increase of piece goods.—In the same report Mr. Dickson explains that the large increase
        in the importation of piece goods and loaf sugar in recent years to Ispahan is not due to an
        increase of the trade of Persia generally, but to the diversion of the ebaunel for trade from the
        north to the south of Persia, owing to the virtual prohibition on the transit of foreign goods
        through Russian territory, and also from the fact that the cheapness of freight and general
        facilities of the sea route from Europe to the Persian Gulf have diverted goods from the
        Turkish route to Bushire. TL'we best acquainted with the facts state that Russian goods have
        nearly disappeared from the markets of Shiraz and Ispahan,
            Sugar.—The bounty granted by the French Government on sugar refined in France has
         had the effect of supplanting the former trade in soft sugars from Java. Large import*
         occur of French beet-root sugar at Bunder Abbass and Bushire. This may be greatly due to
         ow prices ruling in Europe and to the prohibitory taxation in the Caucasus. It is, however,
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