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Musk, Tonquin. In recent months the demand for choicest quality, 

 the only one supplied by us, has been very slight, and large transactions 

 have been almost entirely wanting. The circumstance that in spite of this 

 the prices remain firm, is simply due to the fact that the offers in China 

 were very scarce, thus counterbalancing the sluggish disposition of the 

 market. This lack of offers is said to have been caused chiefly by the 

 complications which prevailed between China and Thibet during the 

 principal season. These complications specially affected the centre of 

 the musk trade in the interior of China, the city of Ta-tsien-lu, which lies 

 on the main road from Szechuan to Lhasa. It is said that between the 

 beginning of January and the end of May barely 600 catties of musk 

 were shipped, 80°/ of which consisted of Tonquin and 20°/ of Sawko 

 and Cabardine, the shipments thus being considerably smaller than the 

 previous year. The greater part of the supplies on this occasion were 

 sent to London and New York, but details of the exports can only 

 be given in our next April Report. Further supplies of Tonquin musk 

 from the interior cannot be expected until the present or the fol- 

 lowing month. 



Peru Balsam. Unfortunately no change has occurred in the utterly 

 deplorable conditions which prevail in the Peru balsam trade, and we 

 shall have to accustom ourselves to the final inclusion of this drug 

 among those which are the victims of the most shameless adulterations. 

 The prices of unadulterated imported balsam in Hamburg were maintained 

 at about 15 cM per kilo, with rather a firm tendency, although naturally, 

 owing to the wretched conditions prevailing, every self-respecting firm 

 takes care to restrict its purchases as far as possible. 



Red Rose "Schimmel § Co." The expectations which we 

 entertained of this novelty at the time of its introduction have been far 

 surpassed by the result, for according to the unanimous judgment of all 

 those who have taken the trouble to submit this exquisite rose odour to 

 a practical test, the Red Rose "Schimmel 8j Co." deserves to be pro- 

 nounced as the greatest success which up to the present has been achieved 

 in this branch of industry. By deftly blending art and nature, a product 

 has in fact been created of which we may justly be proud, and which 

 without exaggeration may be recommended as an epoch-making invention. 

 Although we have been able this year to produce from roses grown at 

 Miltitz considerable quantities of the extract which forms the base of the 

 article, we are impatiently looking forward to the time when the projected 

 extension of our cultures will enable us to carry out a considerable in- 

 crease in this branch of our manufacture, and so enable us to be sure that we 

 shall be in a position to cope permanently with the increasing demand for 

 this speciality. We again call attention to the fact that our Red Rose 

 does not contain rose oil, and that on this account it possesses an odour 



