has had its influence in contracting the limits of speculative adventure, 
thereby circumscribing the general course of trade throughout the 
Mediterranean. 
In renewing to the department my reports upon the navigation and 
general commerce of Gibraltar, I beg to state that there has been a 
tolerably fair current business prevailing in American produce during 
the past quarter, consisting chiefly in flour, tobacco, and refined 
petroleum in cases, imported direct from New York.
The steady demand for American petroleum confirms the fact that 
Russian petroleum so far receives but little attention in this market 
from the regular traders and consumers, so long as supplies from the 
United States can be regularly imported at reasonable prices. It, 
however, remains an open question, in the event of lower prices ruling 
in the Russian petroleum regions, whether American supplies may not 
later on experience some greater competitive foreign interference. 
According to the statistical data, steam vessels of all nationalities have 
continued to make Gibraltar their port of call, not only for orders, but 
also for replenishing their stock of fuel and provisions, and in larger 
numbers than ever before, the number in 1888 having reached 5,712 
steam vessels, measuring in all 5,969,563 tons, while in 1887 the 
number was only 5,187 steam vessels, with an aggregate tonnage of 
5,372,962. This increase cannot but result in considerable benefit to the 
coal and maritime traffic, which now forms the most important portion 
of the general commerce of Gibraltar, in spite of the keen competition it 
experiences from other British and foreign coaling ports. 
Freights have also advanced in favor of steamship interests, which, 
with higher prices in England for coal, have also caused an advance in 
the price of coal at this port, to the benefit of the coal merchants and 
others interested in this important trade. At present the ruling price for 
steam coal is 24s. per ton, deliverable from alongside of coal hulks 
moored in the bay. As near as I have been able to ascertain, the quantity 
of coal sold in this market during the past year for supplying merchant 
steam vessels has amounted to about 508,000 tons, which is an increase 
of about 20,000 tons over the year 1887. 
Notwithstanding that plans have already been submitted to the British 
government for the construction of a dry dock in Gibraltar, the matter 
remains somewhat in suspense, since it meets with some opposition on 
the part of the British government, which, in face of the European fever 
for general arming, seems more inclined to utilize in another form the 
expense which such a work would entail upon the imperial government, 
by replacing the obsolete ordnance recently removed from this fortress 
and substituting new defenses and guns of the most approved patterns,
a matter which has evidently been receiving, for some time past, the 
special attention of the British military authorities, not doubting that the 
recent visit to the fortress of the Duke of Cambridge has had some 
connection with it. In fact, it is reported that the duke has already 
expressed the opinion that this fortress requires a larger number of 
artillerymen than are quartered here at present to man its batteries, and 
it would seem that this recommendation is likely to be carried out. 
It is yet somewhat too early to venture an opinion regarding the 
growing crops of cereals in this Spanish neighborhood, but the 
agricultural and manufacturing interests in Spain have suffered so much 
in the past years that the general feeling in Spain continues to tend 
toward establishing increased restrictions against foreign competition 
in her home markets. There is every probability that the provinces of 
Malaga and Granada may shortly be granted the privilege of cultivating 
the tobacco plant under government supervision, as an essay. If 
properly managed, it may form an important and lucrative business for 
those interested in land and agricultural pursuits. 
After many consecutive years of heavy outlays, difficulties, and 
constant disappointments, a new English company has recently 
succeeded in commencing the construction of a railway from the 
neighboring Spanish town of Algeciras to join, via Ronda, the railway 
station of Bobadilla, on the railroad line toward Malaga. It is presumed 
that when this railroad will be in running order it will greatly benefit 
this community, especially if the Spanish government should decide to 
establish custom houses at Algeciras and the Spanish lines outside the 
gates of this fortress, similar to those existing on the frontiers of France 
and Portugal. 
That some idea may be formed of the constant important daily 
intercourse which exists between this fortress and Spain, I may state 
that late police statistics show that 1,887,617 passes were issued to 
visitors entering this fortress on daily permits during the year 1888, 
1,608,004 entering by the land route and 279,613 by sea. I must, 
however, observe that    
    
		
	
	
	Continue reading on your phone by scaning this QR Code
	 	
	
	
	    Tip: The current page has been bookmarked automatically. If you wish to continue reading later, just open the 
Dertz Homepage, and click on the 'continue reading' link at the bottom of the page.