The Commerce Of Djidda May Be Divided Into Two Principal Branches - The
Coffee Trade, And The Indian Trade; With Both Of Which That Of Egypt Is
Connected.
Ships laden with coffee arrive from Yemen all the year round,
without being restricted to any particular season.
During the voyage,
they sail constantly near the coast, and are thus enabled to take
advantage of the land breezes during the season when no[r]therly winds
prevail, and render the voyage difficult in mid-channel. They dispose of
their cargoes for dollars, which are almost the only article that the
merchants of Yemen take in return. The coffee trade is liable to great
fluctuations, and may be considered a species of lottery, in which those
only embark who have large capitals at their command, and who can bear
occasionally great losses. The price of coffee at Djidda, being
regulated by the advices from Cairo, varies almost with the arrival of
every ship from Suez. The price at the latter place depending upon the
demand for Mocha coffee in Turkey, is thus equally fluctuating. When I
arrived at Djidda, coffee-beans were at thirty-five dollars a hundred-
weight; three weeks after they fell to twenty-four dollars, in
consequence of the
[p.17] peace between England and America, and the expectation that West-
India coffee would be again imported in large quantities at Smyrna and
Constantinople. From the hazardous nature of this trade, there are many
merchants who will not engage in it, except as agents; others send the
coffee on their own account to Cairo, where the chief part of the trade
is in the hands of the Hedjaz merchants residing there. Within the last
six years, the coffee trade between Arabia and the Mediterranean has
suffered greatly by the importation of West-India coffee into the ports
of Turkey. These were formerly supplied exclusively with Mocha coffee;
the use of which has been almost entirely superseded in European Turkey,
Asia Minor, and Syria, by that of the West Indies. The Pasha of Egypt,
however, has hitherto strictly prohibited the importation of West-India
coffee into his dominions.
The trade in India goods is much safer, and equally profitable. The
fleets, principally from Calcutta, Surat, and Bombay, reach Djidda in
the beginning of May, when they find the merchants already prepared for
them, having collected as many dollars and sequins as their
circumstances admit, that they may effect bargains in wholesale at the
very first arrival of the ships. Large sums are also sent hither by the
Cairo merchants to purchase goods on their account; but the cargoes for
the greater part are bought up by the merchants of Djidda, who
afterwards send them to Cairo to be sold for their own advantage. The
India fleets return in June or July, when the prices of every article
brought by them immediately rise; [The ships from Bengal leave Djidda in
June, those from Surat and Bombay in July or the beginning of August.
The Maskat and Bassora shipping, and the slave vessels from the
Mozambique coast, arrive at the same time.] and it commonly occurs that,
on the very day when the last ships sail, ten per cent.
Enter page number
PreviousNext
Page 17 of 350
Words from 8551 to 9085
of 182297
