"Sales of one lot Circassians, prime to good, 1852 to 1854, at L240
@ 242, buyer 30; one forty-niner--damaged--at L23, seller ten, no
deposit. Several Georgians, fancy brands, 1852, changed hands to
fill orders. The Georgians now on hand are mostly last year's crop,
which was unusually poor. The new crop is a little backward, but
will be coming in shortly. As regards its quantity and quality, the
accounts are most encouraging. In this connection we can safely
say, also, that the new crop of Circassians is looking extremely
well. His Majesty the Sultan has already sent in large orders for
his new harem, which will be finished within a fortnight, and this
has naturally strengthened the market and given Circassian stock a
strong upward tendency. Taking advantage of the inflated market,
many of our shrewdest operators are selling short. There are hints
of a "corner" on Wallachians.

"There is nothing new in Nubians. Slow sale.

"Eunuchs--None offering; however, large cargoes are expected from
Egypt today."

I think the above would be about the style of the commercial report.
Prices are pretty high now, and holders firm; but, two or three years
ago, parents in a starving condition brought their young daughters down
here and sold them for even twenty and thirty dollars, when they could do
no better, simply to save themselves and the girls from dying of want.
It is sad to think of so distressing a thing as this, and I for one am
sincerely glad the prices are up again.

Commercial morals, especially, are bad. There is no gainsaying that.
Greek, Turkish and Armenian morals consist only in attending church
regularly on the appointed Sabbaths, and in breaking the ten commandments
all the balance of the week. It comes natural to them to lie and cheat
in the first place, and then they go on and improve on nature until they
arrive at perfection. In recommending his son to a merchant as a
valuable salesman, a father does not say he is a nice, moral, upright
boy, and goes to Sunday School and is honest, but he says, "This boy is
worth his weight in broad pieces of a hundred--for behold, he will cheat
whomsoever hath dealings with him, and from the Euxine to the waters of
Marmora there abideth not so gifted a liar!" How is that for a
recommendation? The Missionaries tell me that they hear encomiums like
that passed upon people every day