To the Editor of the Dear Sm,-I see that Reuter's Tole-gram of the 10th instant quotes No. 2 "Dancing Beara" at 15s, I am not acquainted with the worthy owner of that renowned chop of Silk, but sincerely trust, for his sake, that he will not be so clated by the news as to be induced to make either further large purchases in the interior, or large consignments to Europe.
Late Private Telegrams, I hear, quote sales of "Blue Elephants" at 1ds. Gd. This chop generally fotches at home about Is, per 1b. more than "No. 2 Dancing Bears," which would make the latter worth only 138. Gd., and not 1ds., at which Reuter's Telegram evidently accidentally quotes it, Holders of Common Market 5's also will doubtless be much pleased with the advance of Is. per Ib., say from 12s, Gd. per Ib. quoted by Reuter on the 7th instant, to 13s. 6d. on the 10th instant. With these, also, a similar mistake may have occurred, as late Private Telegrams give no quotations for this class of Silk, for the simple reason that it is unsaleable at almost any price.
Tam, dear Sir, Your obdt.
Shanghai, 14th July, 1874.
Deax Sim,—Allow me to inform " Veri tas,"-through the medium of your column: that the quotation for Dancing Bears No. 2, given in Reuter's Telegram of the 10th instant, which he so unhesitatingly questions, has since been verified by a private telegram, that a parcel of this chop has been sold in London within the last few days at Ibs.
The quotation of 13s. Gd. for, No. 5 Teatleo on the same date may be a copyist's error, which I much regret, but as far as I know, the price was sent out at 12s. Gd.
am, dear Sir, Yours faithfully, Geo. R. Corser, Acting Agent.
Sm,—In confirmation of what " Veritas" writes, I may mention that a friend of mine has just shown me a telegram dated the 13th instant, advising the sale of 10 bales "Red Lion" chop Teatlee, about equal to "No, 2 Dancing Bears," at'13s, 6d, Your truly, Shanghai, 15th July, 1874, Dear Sm,—Allow me, through the medium of your columns, to heartily congratulate Mr. Acting Agent Corner on the success his Company has achieved in ving a quotation for Silk that is confirmed Private Telegram, and I would only further most earnestly urge him to "go and do it again."
As I hear that Mr, Corner is not a "Silk man," and, therefore, probably not versed in the mysteries of that business, I accept unchallenged his statement of the Fis edification, would like to point out to uvate telegram he alludes to; but, for
him that it is not only in the fish trade that it sometimes pays to "throw away sprat to catch a whale.'
Tam, Dear Sir, Your obedient servant, Shanghai, 16th July, 1874.
Text read from the printed page and cleaned; old type leaves the occasional error.