Lowe to Quarles. Last letter was of 26 December - details of 6 cloths sold. Has received...

Lowe to Quarles. Last letter was of 26 December - details of 6 cloths sold. Has received Quarles's letter of 23 November and gathers he is displeased with the wares Lowe has provided. Lowe did not expect this, nor has Quarles any just cause for displeasure - justification of his action. Would be much discouraged did he not know from other sources that prices of wares he had sent home were high, though Quarles writes as though he could not sell them but at a 20% loss and forbids him to buy any more wares. Will obey and not buy any more without specific orders from Quarles. Will surely gain on the silk and not lose on the fustians. Hopes Quarles will not sell them too cheaply because one or two mercers disparage them. Had hoped to persuade Quarles to increase the trade in wares from Stade rather than using interest or exchange, so does not know how to proceed. Convinced trade in wares more advantageous than interest and exchange. Sorry Quarles thinks ill of him for taking other men's advice besides his. Germany in a dangerous state because of Turkish war preparations. Very hazardous to give credit and difficult to know whom to trust. Details of cloths needed in spring fleet. Quarles's plan to send 400 in hope anti-Turkish forces will help sales not wise as the forces already well supplied and native cloth used to equip them. Lowe advises sending only about 200 - 100 of them in the first open weather by Interloper. Details of 24 cloths sold since last letter. Exchange rate. Dated at Stade [near Hamburg].