The Express.
London, England, 1853-09-23 00:00:00

TEA AND COFFEE.

_ -
The following is from the circular of Mess►s. Franks and
Son :

" London, Sept. 22.-The tea and colonial markets have
,presented a very healthy appearance throughout the month,
I notwithstanding the check which has been given to trade
generally by the tightness of the money market, and tb.
continued unsettled state of eastern politics ; • gradual ten
deny to improvement has been evident, and although
buyers have acted very cautiously, yet more disposition to
operate has been shown, while holders have been very firm,
confidently expecting further advance. Black tea: in
common congers large contracts have been made, chiefly for
export, at 11d. to showing a slight advance on pre.
vious quotations: in the better qualities from Is. to le. 3d.,
which are much wanted, business has been limited in con.
sequence of the few parcel@ on offer ; from le. 4d. to Is. 6d.
a lair business has been done, while (or fine parcels from
Is. 7d. to ls. 10d. there has been increased inquiry, and
contracts made at an advance of lid. to 2d. per lb. The
advices from China continue to strengthen the opinion, that
there will be a scarcity of really fine tea, and that
the quality will be much inferior to the previous season
Green Tea: In this market we have to notice but little
alteration. A fair business has been done in the useful
qualities at full prices in most eases, especially medium
young hyson and gunpowder. Imperial has been in d..
mend, and readily taken at improved rates. The better de
scriptions of Canton gunpowder, from Is. 2d. to Is. 61.,
have found ready buyers. The lower qualities of young
hyson and gunpowder, of clean quality, have been rather
more in request. Scented Tea: The medium qualities co
both scented orange pekoe and scented caper have beer
gradually advancing for some time. The quantity en off i
is small, and holders are asking full prices, while every in-
dication exists of further finorovement. Coffee : Great sc
tivity has pervaded this market since our last. Transaction,
have been ea a more extended scale than at any previous
part of the year, and prices have materially improved. The
deliveries for the past month are the largest on record, anu,
owing to the scanty arrivals, the stock is greatly reduced.
In anticipation of the fivourable issue of the Dutch sake,
and the great demand for coloury coffee generally, our met,
kat advanced 34. to 4s. per cwt., which was still further
strengthened on the resultof the sales being known, all hay-
Mg fetched valuations, and inseam instances rather higher.
The news by " Brazil mail," of the 15th inst., were also
considered favourable, the reports as to a great deficit in the
coming crop being generally credited. The shipments from
the Ist to 15th August were but 26,000 bags, against 118,000
the same period previous month. By advicee from United
States we learn that coffee is very firm, and a large business
doing. The demand has, however, rather slackened the
last few days, owing to causes above mentioned, on the
favourable termination of which there is every ground to
anticipate a still further advance. The public sales of the
month have been as follows:-3,470 cask., 5,069 bags Cey-
lon, which sold; mid. to good mid., 625. to 68e. ; fine to fine
ord. to low mid., 555. 6d. to els. ; good ord. native, 47e. to
48a. 65. Mocha, 2,540 bales, sold with spirit et an adveice,
mid. to good mid. fetching 665. to 70s. ; ungarbled, 52. e. to
68s. Tellicherry, 632 cases fine fine ord. pale mixed bought
in 60s. Costa Rica, 3,600 bags good ord. fogey, palish, 625.
to 655. ; fine fine ord. 675. to 635. Havannah, 268 bags,
good to fine ord., 465. to 50s. Rio, 4,227 bags, ord. to good
ord., 435. to 455., and washed fine ord., 635. to 665. Also a
large demand by private contract, about 25,000 bags native
having changa hands, 46e. to 48s. St. Domingo, 2,000
begs, 435. Rio, :1,000 bags, 43a. Bahia, 500 bags, 455.
Havannab, 600 hags, 455. Also three floating cargoes Rio,
455. The market clueing ; Native Ceylon, 475. 6d. to 48a."