Travels in Arabia; comprehending an account of those territories in Hedjaz which the Mohammedans regard as sacred by John Lewis Burckhardt
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page 29 of 566 (05%)
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possess from one hundred and fifty to two hundred thousand pounds
sterling. Several Indians have acquired capitals nearly equal, and there are upwards of a dozen houses possessing from forty to fifty thousand pounds sterling. Wholesale trade is carried on here with greater facility and profit, and with less intrigue and fraud, than any where I have seen in the Levant; the principal reason of which is, that almost all the bargains are made for ready money, very little or no credit being given. This, however, is not to be understood as implying any thing favourable to the character of the merchants, who are as notorious for their bad faith as they are for their large fortunes; but the nature of the trade, and the established usage, render it a less troublesome and intriguing business here than in any other country of the East. 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 |
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