June i, 1892.] THE TROFlOM. 
947 
though complaints of adulteration have been some 
what loud and frequent of late years, the trade 
returns afford no evidence of any marked decline 
in either demand or supply. Indeed, taking into 
consideration the annually increasing consump- 
tion of Indian mills, thete is, he says, good reason 
to conclude that the total production of raw cotton 
has, on the whole, increased rather than diminished. 
What has taken place is a diversion of the Indian 
exports from the markets of the United Kingdom to 
those of other Eurbpean countries, among which 
Italy, Belgium, Germany, Austria, and France are 
the principal customers. As the year for which trade 
returns are compiled ends on the Slst March, the 
full effect of the present unfavourable harvest will 
not, Sir Edward Buck writes, be apparent till 1892- 
93, the traffic returns of which may be expected to 
show a large falling-off . The exports by sea to foreign 
countries during 1891-92 will also in all probability 
be much less satisfactory than those of the preced- 
ing year, as the harvest Of 1890-91 was unfavourable, 
though not nearly to the same extent as the present 
one. The total foreign exports registered during the 
first ten months of 1891-92 (ending .Slst January 
1892) amounted to 931,280 bales, against 1,207,360 and 
l,238,lt)0 in the corresponding periods of 1889-90 and 
1890-91.— Madras Mail. 
Tea in China. — The reports from Cbhia 
reRarding tea cntinue to be more and more gloomy. 
Thp Poophow Echo of '/ 3rd April hfis Ih^ following : - 
Prom a native source we learn that four Chinese 
milMonaires (?) of Hinghua have conceived the idea 
of substituting cotton for tea in several districts, and 
their agents are now busy sounding^ the country- 
people as to whether they will co-operate with them. 
Our informant states that the scheme is well thought 
of generally, if only the Government will assist the 
project (as before) instead of obstructing it of which 
there seems to be some dread. News of the great 
falling off in advances to the teamen this season 
seems to have reached the tea districts apace, since 
we are already assured that growers, instead of 
allowing all their first pickings to lie at the mercy 
of the few who may be in a position to buy it on 
the spot, intend sending large quantities of it down 
to the IToochow dealers to sell to the local packers. 
As it is generally understood that the sooner tea 
is cvu'ed and packed after picking the better, foreign 
tea buyers will not learn of this new departure with 
much satisfaction. Nor will the up-country buyers be 
best pleased if this move is carried out to the extent 
talked of ; they had planned to corner the growers, 
but, if we may use a sporting expression, the y rowers 
are^ going to hedge. Between the two factions, 
foreigners may be the gainers in the end as far as 
price is concerned. Yet another large Chinese Bank 
has now been started over the bridge, making four 
now ones since the commencement of the new year. 
Considering the admitted unsoundness of business 
all round, we learn of this with some surprise. 
The capital of this new bank is said to be consider- 
able, and they will have to use it though in what 
way is not very clear. That they will have applica- 
tions for loans from disappointed teamen is certain, 
but they must have more faith in the future of tea 
if they accept such men as customers, when the older 
banks, well acquainted with the business, decline to 
loan monoy to them. Of course there are several 
other articles of merchandise dealt in at the port on 
a very largo scale, but the trade is in an unsound 
state, and as the bankers have been sufferers with the 
traders tlicmsolves, it is astonishing to hear of so many 
now banks starting. 
We mIso read : — 
A oorroKpondent nt HRukow, writing to the ^' -C. 
J)<n7;/ x\ on tht< 20' li nU , savs: — ' Torri'ntiiil rains 
hero: bad lo( k out for Iho ti a, as this is just the piok- 
ioR time. Hnin nl the picUnjf soRson means " tir" 
and t"0 okl icnf, wliilo if tliirt fiMiuon's crop should 
turn oil* a had nno, it will put tlic finish on China t( a.' 
Accordiii); to roports in I ' o nalivc pnp'TS, this irar a 
te» crop is going to be both bad aud bmall, a taot which 
is attributed to the bad weallier. and in consequence of 
this thf pricfl of the first leaf has rifeu ulready. 
The Shenpao^s Wenchow correspondent describes the 
yi. Id ol leathia >P»r, iti the Pin^iyung district, as being 
very bad. Owing to th" unusual cold and incespaiit 
ruin the tea plants have been much etuuted and the 
crop this Sc-ason is i-Btimati d to be only half of what 
was proiiuced Inst yenr. Te» merchants who bnve 
gone in^o the m< un .-lins (o purohafe teo are payin;? 
high prices. Fur the best quality they aro giving 50 
didlars per pi. ul and for an inferior kind 'SO dollars por 
pgicul is charged. 
Coffee in Jamaica. — Sir Nicholas Laws, it 
is said, was the first p reon who planted coffee 
in Jamaica, but dying three years afterwards he 
did not see the culiivation make any nonsider- 
able progresf. In 1732 several planters and mer- 
chants subscribed £220,103 as a fund for defraying 
the oharges of soliciting an act of Parliament for 
lowering the inland duty upon the importation 
of coffee from Jamaica into Great Britain, which 
at that time wua £10 per cwt. That year the 
duty WHS reduced irom 2s to 18d per pound pro- 
ducing a revenue of £iO00O per annum. In 1752 
the export Irom Jamaica was 500 cwt, in 1755 
it wap, 4,000 owt. in 1891 it was over 75,000 cwt. 
Madras I'iniis. 
GKYLON EXPORTS AND EISTBIBUTIGN, 1892" 
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COUNTBIES. 
To United Kingdom 
„ Austria 
„ Helgium 
„ Franci; 
,, Germany 
„ Hoi and 
„ Italy 
,, Spain 
,, Sweden 
„ T irkey 
,, India 
,, Australia 
America ... ... 
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