io6 — 



we must not pass over the interesting fact that in the course of the 

 last few months menthol has constantly been quoted cheaper in London 

 than in Japan, — no doubt the best proof that in Europe all con- 

 fidence in a revival of the market has gone, and that there is an 

 inclination to realise. The quotations were: 



on 





in 



London 



in Japan 





(less ; 



(net) 



I st May 





8/3 



8/6 



I st June 





8- 



8/4V2 



I st July 





8/- 



8/1 Vt 



i st August 





7/9 



8/- 



I st September 





7/2 



7/6 



Musk, Tonquin. As was to be expected, the firm tone with 

 which the last season commenced last autumn, has under the influence 

 of a brisk demand continued also during the summer months, and 

 at the end of June the quotations moved up to the average of 

 315 taels. 



The last parcels placed on the market consisted mostly of very 

 small pieces, but in spite of this they fetched full prices. Even heavily 

 adulterated parcels were willingly bought at over 310 taels per catty. 

 For this reason it appears to us perfectly logical to expect also high 

 prices during the season commencing in October/November. 



The shipments of musk during the first half-year of 1907 were 

 as follows: — 



Year 



Paris 



London 



New York 



Germany 



and 

 Austria 



Total 





Catties 



Catf'es ' 



Catties 



Catties 



Catties 



1907 



622 



36'. , j 270 

 against: 



37 



965 *) 



1906 

 1905 

 1904 

 1903 



580^) 

 278 

 489 

 616 



73 

 122 



177 

 330 

 249 

 312 



46 

 40 



50 

 134 



803 

 731 



838 

 1184 



1903 

 1901 

 1900 



568 

 419 

 630 



125 



134 



43 



295 

 254 

 174 



99 

 7i 

 36 



1087 



878 

 883 



1 ) Of this, about 85 °/ Tonquin, i5°/ Sawko, Tampi and Cabardine. 



2 ) Comp. Report October 1906, 97, Note 1. 



