Baltic trade

Definition and stakes

Clive Day,  A history of commerce (1922)

“ Conditions and wares of the Baltic trade.—The wares of the northern trade present a contrast to those which furnished the material of eastern commerce. In the first place the countries of central Europe found in Scandinavia and the Northeast, which formed the trading ground, peoples who were their industrial inferiors; these peoples were glad to receive manufactures instead of supplying them. ”
Source: Gutenberg

Various,  Blackwood's Edinburgh Magazine…

“ The British tonnage might have been driven out of the Baltic trade by the shipowners of Denmark and Norway, but the Prussian cotton manufacturers would have been crushed by the British. It might then have come to be a question of whether the upholding of our shipping interest or the extension of our cotton manufactures was the most advisable policy. But no such question need be considered now. We have gained nothing by exposing our shipping interest to the ruinous competition of the Baltic vessels. ”
Source: Gutenberg

Freeman Wills Crofts,  The Pit-Prop Syndicate

“ Coburn explained. “When we started here the Baltic trade, which was, of course, the big trade before the war, had not revived. Now we find the Baltic competition growing keener, and our margin of profit is dwindling. We are handicapped also by having only a one-way traffic. Most of the Baltic firms exporting pit-props have an import trade in coal as well. This gives them double freights and pulls down their overhead costs. But it wouldn’t pay us to follow their example. If we ran coal it could only be to Bordeaux, and that would take up more of our boat’s time than it would be worth.” ”
Source: Gutenberg

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