The Archive · 1923

Higher Tea Prices Come

to Stay London, Jan. 29.

Messrs. H. Tuke Minnel & Ao., in their report on the tea market, declare that stocks in bond in the United Kingdom are 37,000,000 lb. less than last year. They note that the American and Canadian demand is changing from green to black teas.

The Russian door is slowly reopening to trade. The Continent is very short of stocks.

The report concludes with the remark that the higher level of prices. has come to stay, as is evidenced by the fact that blenders' advance purchases are unparalleled in the history of the trade.—Reuter.

Worthless Currencies Under a Ban New York, Jan. 27.

The securities committee on the New York ''kerb" market has removed from trading all international issues in marks, kronen and roubles which are payable in those currencies.—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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