Tea,—From Mesers. Welch, Lewis and Co.'s report:—London deliveries of China Congou for the month of July were 2,080,000 Ibe, against 340,000 Ibs. for corresponding month last year. Stock in London warehouses 31st July, was 13,000,000 1 Calcutta telegrams report Export to London for July 15,000,000 Ibs. Estimate for the season 119,000,000 Ibs. or an increase of 3 million pounds on previous estimate.
Brack T'za.—China Congou of type" quality and under is clamoured for up to 14 to 144 by buyers for Europe and America, but sufficient quantities are not forthcoming to begin to supply the demand even at present high quotations. Losses for a series of years have destroyed the elasticity of the trade in a great measure, and in spite of the strong di sustained demand for common float crops in Hankow, the second crop showed no increase on last year's yield. In a recent Colombo sale 28 gardens out of 55 sold their lowest grade of tea at or under 25 Rupee cents per Ib., or say about 4¥ to Sd. laid down in London," " now costs 6d. without commissions, and thus Ceylon is laying down good consumable tea in London at 15 to 20% cheaper price thea the ' trash" we are sending from here, Crushing duties and taxes are doing their work slowly and surely, and China can no longer compete with Ceylon in supplying and in further loss of reputation for China tea on account of its nauseating flavour.. Without the duties the tea trade of England might cheap tea, The temporary spurt in prices and production of low class staff here is almost certain to result in loss of money to shippers, survive, as palatable teas could then be sold at the present price of "trash." The lowest quotation for whole leaf tea is $13.30 a picul, Better qualities have been almost neglected.
Settlements reported since 4th instant are 5,903 4-chests at '¥12.60 to 21.
Stock 20,500 4-chests against 48,000 }-chests at same date last year.
GruE TeAs.—Pingsueys.—Only moderate settlements have been made, prices are weaker, but no marked decline can yet be quoted.
financial affairs in the United States many orders have been cancelled and buying here is reduced to narrow limits. Prices generally Couxrry Txas.—A large proportion of the purchases are intended for shipment to London. eng to the unsettled state of Loca Packep.. resh supplies have come to hand and have received fair attention at full prices quality considered.
are weak, and in some cases chops have been sold at 4 to 1 Tael under offers once refused. Stocks are accumulating.
Hysoxs—A large business has been done for shipment to Bombay, prices for medium to finest qualities remain steady, but choice" Teas show a decline of 5 to 7 per cent.
Settlements reported since 4th inst. are Pingsuey 4,697 d-chests, 'F133 a 24.30 a picul.
Moyune 4,506, 2 8 genkai 3002-5, 22 36h 310 18 1,296 17§ a 18 Jines 25/29, 14,801 }-chests, Stock 48,092 }-chests against 27,681 3-chests at same date last year.
Text read from the printed page and cleaned; old type leaves the occasional error.