Straws in the Wind of Change: a Business Study of Two Barques in the Earlier Years of Sail’s Decline
Rarely used documents outline the commercial successes of two barques from Glasgow which took on the Far Eastern trade in the 1870s and early 1880s. The changing cargoes reflect the measure of the impact of the Suez Canal on such trade routes. The pay back time of 7.6 years proved this a very profitable enterprise. The article goes on to record the differences between later owners, an appraisal of investment of this kind, and a discussion of the surviving account books, costs and prices.