AGRICULTURIST. [April i, 1889. 
To Audit Fpp 
To Income Tax 
To Interest on Debentures 
To Balance carried down — Profit 
To balance carried to Balance Sheet 
Cr. 
By Profit on Curing, Milling, and General 
Trading Account 
By Balance brought down— Profit 1887-88 
By Balance from last Account ... £600 19 6 
Less Dividend paid Feb., 1888 589 17 6 
£4,026 10 9 
£1,168 0 11 
DRUG TEADE REPORT. 
London, February 7th. 
Annatto. — Bight cases good Paste from Ceylon are 
limited at 2s 6d per lb., a price which is far above 
the current market rates. Five packages Ceylon Seed 
sold at Id for dark to 2J(? per lb for good bright ; 
and thirteen bags slightly brown mixed Java seed 
realised 2d per lb. Of sixteen baskets fairly good Bra- 
zilian Roll annatto, six were disposed of at lOd per lb. 
Cardamoms. — Notwithstanding the rather heavy sup- 
ply offered today, the first lots sold at very steady 
prices, and several parcels were practically withdrawn, 
being held much above market value. Gradually the 
demand improved, as a rather heavy quantity was bought 
for American account, and prices advanced irregularly 
from 2d to occasionally 5d per lb. The following rates 
were obtained ; Ceylon Malabar, good heavy round, 
pale, slightly warty 3s Id to 3s 2d ; mixed sizes and 
shapes, pale bleached 2s 9d; fair small to medium 
round 2s 6d ; small yellow round 2s 3d ; ratner shelly 
pale 2s ; small to medium to very small grey Is 7d 
to Is 5d ; specky and brownish rtixed Is 4d. Mysore 
medium to bold round pale 3s 3d to 3s 5d ; long, very 
pale, but rather light 2s 8d to 2s 9d ; medium to bold 
pale round 3s to 3s 2d ; smaller 2s 8d ; medium round 
and long mixed, brownish 2s 4d to 2s 5d. True Malabar 
good even, medium-sized, round yellow 2s 6d ; smaller 
2s 4d ; grey medium, partly mouldy 2s ; shells and 
pickings 6d per lb. Wild Ceylon, fine bold strong to 
small 2s 2d to 9d. Seeds Is 7d up to 2s per lb for 
good dark. The shipments of cardamoms from Ceylon 
during the latter half of December and the commence- 
ment of January were rather heavy, and nearly the 
whole of these exports has been consigned to London; 
but still the shipments are very far below last season's. 
The figures for the periods between Oct. 1st and JaDy. 
10th are : 1888-89, 66,719 lb ; 1887-8, 108,903 lb ; 1886-7, 
66,154 lb. 
Cinchona. — There was a good supply of flat Calisaya 
bark as today's auctions, but only a few packages sold 
at Is 9d to lOd per lb for good yellow quality. The 
following are the figures relating to the shipments from 
Ceylon in the periods between October 1st and Janu- 
ary 10th, 1838-89, 3,506,677 lb; 1887-88, 2,609,122 lb ; 
1886-87, 4,156,160 lb. Up to the present a quantity 
equal to 036,160 lb of Java bark is advertised for auction 
at the next Amsterdam sales, on February 21st. The 
greater part of this has now been analysed, the 
average equivalent of quinine sulphate being 3J percent. 
Oboton SEED. — Five bags good bright Ceylon seed 
sold at 14n per cwt. very cheaply. 
vn ix OIL, — Citronella remains dulland neglected 
at £d to 15-16thsd. per oz. for native brands. The 
enormous quantity of 636,274 oz left Galle on Decem- 
ber 17th for Hamburg, per steamer " Njanza " ; and 
the t-hipments now exceed the total of any previous 
corresponding period. A lot of Cinnamon oil of very 
dark colour and acrid taste was bought in at 8d per 
oz. Oil of kmou reported firmer in Italy. Of Fisher's 
Nutmeg oil three cases were bought in nt 7d per oz., 
and the same brand of Patchouly oil at Is 9d per oz. 
Quinine has been very quiet this week. Hales of 
the Brunswick brand at Is 3d per oz tor distant 
delivery in first hand, and Is 2£d per oz in second 
hand, are reported ; but otherwise the article has 
been stagnant. 
Vanilla. — The demand continues unabated, though 
fine beans did not appear to sell quite so well today 
and must be quoted as a shade ea6i<-r, but medium and 
common grades were full up. The whole of the sup- 
ply offered sold as follows :— Good to fine chocolate 
slightly crystalised 5| to 9 inches, 15s to 24s; very 
fine 8 to 9, 24s to 26s 6d ; one lot 7f , 29s ; good 
dark chocolate 6 to 7|, 14s to 18s 6d ; 4^ to ditto 
10s 6dto 12s 6d; fair dry brownish 4§ to 8, 8s to 15s; 
foxy 6s 6d to 8s 6d per lb. — Cliemist and Druggist. 
THE AMERICAN MARKETS. 
New York, January 26th. 
Quinine for consumptive purposes has sold quite 
liberally during the past week, but speculative interest 
has in a great measure subsided. Spot German, in 
large bulk, is held, and selling in small quantities 
at 30c to 31c, but for February-March shipment there 
are sellers at 29c ; but this latter figure fails to 
arouse any special attention from those who are usually 
looked to as large buyers. — Chemist and Lruyyht. 
COMPARATIVE CONSUMPTION OF TEA BY 
THE LEADING NATIONS OF 
THE WORLD : 
NECESSITY OF CULTIVATING NEW MARKETS. 
Well may Messrs. Gow, Wilson & Stanton say, in 
the diagram-illustrated circular they have just issued, 
that production has already overtaken consumption, 
and that the necessity of opening and pushing 
new markets is urgent. It will be small comfort 
to Indian and Ceylon planters if, in ousting China 
teas from the British market, they do so by 
bringing down the prices of their own superior 
produce to an unremunerative level. That level 
has surely nearly been touched, notwithstanding 
all economies in production, for medium Indian 
pekoe and souchong have gone down respectively 
to 9d and Sd per lb. in 1883 against Is 3d for each 
in 1879. The present low prices ought to encourage 
the consumption of Indian teas in Continental and 
other markets, but we scarcely think there is 
much margin for further reductions. The heavy 
duties on tea, in almost all cases heavier than 
those on coffee, tell against the leaf in many places. 
But this is not the case in the United States, 
where both are equally free. So strongly, however, 
have the cheap coffees of Brazil and the " mild " 
coffees of Java got hold of the public taste, 
that America is but little behind Holland in the 
consumption of the fragrant berry, per caput. 
And, although the consumption of tea has, 
of late years, increased in the United States, yet with 
no duty there, instead of 6d per lb. in Britain and 
with fully one-third more population, the great re- 
public consumes less than half the quantity of tea 
used in the British isles, the figures being 90 millions 
only to 185J millions in Britain. Apart from the 
Chinese, many of whom, however, are too poor to 
drink tea, the British race are by far Jthe greatest 
consumers of tea of any race in the world. The 
more recent off shoots from Britain have improved 
upon the mother-country and the colony which has 
been called " the Britain of the South," New 
Zealand, has the proud distinction of using more 
tea per head of the population than any country 
in the world, not excepting China, where the rich 
and the fairly well-to-do drink tea largely, but the 
poorer millions none at all. The Australian colonies 
