90 



strength, higher prices than any China teas, though 

 the Pekoes and finest Souchongs may fetch 4s. to 4s. 

 6d. per Ib. do not average in the London Market, 

 more than Is. Sd. to Is. IQd. per Ib., from which 

 must be deducted the expenses of packing, carriage, 

 brokerage, &c. Dr. Jameson in his last report, I 

 observe, values his teas at Us. 1-8 (3s.) per Ib. ; but 

 this is far too high, aa an average, as it is only fine 

 Souchongs and Pekoes that fetch these prices. 



From the circular of Messrs. W. J, and Henry 

 Thompson, just come to hand (dated 10th June 1862.) 

 I extract the following remarks, which shows not 

 only prices, but how very sensitive the London tea 

 market is. Than the Messrs. Thompson, we could 

 not have a better guide: 



"BLACK TEAS.- Of all kinds, from broken and dusty, up to 

 Is. 6d. per Ib. there was an over supply early in the month, 

 and much lower prices were made in consequence, both at 

 public sale and privately ; brown leaf especially the fall showed 

 itself 2d. per Ib. in some at auction *without reserve,' but part 

 of this has been subsequently recovered. The hig-her grades have 

 met with good demand throughout, and jine and finest Kisows 

 have been sought for at extreme prices up to 2s. 6d. per Ib. 

 both by dealers and exporters. Tayshans have continued extreme- 

 ly heavy of sale, but some parcels have been taken for shipping- 

 at lOd. to lid.; over Is, per Ib. there has not been any demand. 

 Common to fair black leaf kinds fell Id. per Ib., in consequence 

 of over supply, but lately there has been some recovery in these 

 sorts. The better classes have of late improved in value in conse- 

 quence of the scarcity of fine and finest Honing-, for which 

 there has been great and increasing- demand for Russia. All 

 available parcels of these latter have been eagerly taken, and pur- 

 chases have been made to a considerable extent at 2s. 3d. to 

 2s. 5d . per Ib., the market now being- nearly cleared." 



