The Sun.
London, England, 1840-03-18 00:00:00

T IN TE G.E "

(Front the London Nero Price Current of March 17.)
Tee.-There was much excitement in the Tea market
on Wednesday afternoon and on Thursday, occasioned by
t he news from China; large purchases were made in Free
Trade Tea at an advance on former rates of 21 to 3d
per lb. For common Congou for cash 2s 8d was paid ;
and 2s Bed a 2s 9d for Twankay. In Company's Congou
large sales were made, and prices advanced to 2s fled
3s for cash ; on Friday, however, the demand suddenly
ceased, the purchases were extremely limited, and prices
gave way 4d a 5d per lb for Company's Congou in small
parcels for cash 2s 6rl a 2s 6ed was accepted, for ordinary
Congou 2s 4d, and Twankay 2s sd. On Friday afternoon
there was more inclination to buy Company's Congous,
and prices were 'Aber firmer, 2s 7ed paid for cash ; in
Free Trade there was scarcely anything dome. On Sa-
turday the market was extremely dull for all kinds of Tea
and prices went down to 2s 6d for Company's Congou for
money, and 2s 3d for common Free Trade Congous. The
private letters from China state that the ships sailed, and
about to sail, would bring about 13,000,000 lbs. The
monthly Tea sales commenced yesterday in the presence of
a large attendance of the town and country trade, the
quantity brought forward was by no means large,
amounting to only 42,805 packages, equal to 2 900,000
lbs., which is a less quantity than was offered last
month by 4,100,0001b5. ; 88 packages Assam were also
declared, quality good. The sales opened with a great
disinclination on the part of the trade to pay anything like
the rates established towards the latter part of Iset sale;
capitalists were not disposed to make investments, and the
demand throughout the day was extremely limited. The
reluctance of the trade to purchase may be at.ributed
to some vessels with Tea being on their pas-
Rage; the merchants, however, displayed much
firmness for black Tea, and bought in and withdrew
all that passed the sale of this description at high prices,
fully equal to those established at the last monthly ash's,
or 4d. above those accepted in the market towards the close
of last week ; a few small lots however of Souchong were
disposed of. Green Tea was held less firmly, and buyers
showing very little inclination to purchase, the merchants
were compelled to submit to lower rates to sell small
quantitie3, and the reduction on the February sale's quo-
tations is kod to 6:1 on Twankay, 6cl on Imperial, 4,1 on
Gunpowder, and 44 to 5d on Hyson. The quantity pas-
sed tile hammer amounted to 9,700 packages, of which
only 1,200 packages were actually disposed of, and
these consisted of nearly all green descriptions; one bro-
ker withdrew Tea contained in 32 pages of, his catalogue,
not being disposed to take the reduced prices offered
by the trade. The following are the rates paid-
Hyson middling yellowish leaf 2s Brl to 2s 9d, middling
glazed brightish leaf 2s I led to 3s Oed, Gunpowder but
middling coarse burnt rather brightish glazed leaf 3s 7ed
to 3s 81d, but middling mixed palish glazed leaf Twankay
kind 3s sed to 3a Bi, but middling large palish leaf
Twankay flavour 3s 3d to 3s 4d; Twankay good ordinary
rather coarse 2s 3ed to 2s 3ed, but middling rather coarse
2s 4ed to 2s 4ed, but middling 2s 4ed to 2s eed, flee 2s
Gd ; Rose Pekoe but middling 2s se-d to 2s eed ; Souchong
ordinary Caper flavour 2s 2d to 23 2ied ; Imperial 2s 8d
to 3s 1 Id; Congou Pekoe flavour was bought in at 3s
3d, and but middling Tea at 2s 8d to 2s 9d per lb. Com-
pany's Congou is dull of sales, sellers for cab at 2a 6d,
but buyers will not pay more than 2s eed per lb ; for
prompts no price can be quoted.
Three ships have wiled from Hong Kong, for London,
the names are J Horton, Pekoe, and Alexander Baring,
also the John O'Gaunt, for Liverpool, and one vessel
for Bristol. The Thomas Coutts is reported to be lading
with Tea in the Whampoa river.
Stock of Tea in London, Ist March, 1840 :-East
India Company's, 2 932,306 ; Free Trade, 35,868,746;
Assam Tea, 86 ; Total, 38,801,138 packages.
To-day there was no improvement in the demand for
Tea at the sales, and the biddirgs were extremely languid ;
there were not so many persons present: the merchants
generally will not submit to the reduced rates the trade
are inclined to pay, and bought in and withdrew large par-
, eels; but when they show a disposition to sell, they were
compelled to submit to a considerable sacrifice for Black
Tea, and the reduction, as compared with tile latter part
of the February sales, amounts to 5d to ed per lb for
Congou. Green Tea generally was disposed of at a further
decline, and Twankay and Hyson are again Id cheaper.
The total quantity passed the sale to-day amounts to
22,000 pkgs, out of which only 3,100 were actually dirt-
posed of; common Congou left off at 2s 24 to 2s 2ed,
mid and blackish leaf, 2s 30 to 2s 6d, and fine, 2s 7d to
2s 8d; Hyson ord yellowish leaf, 2s 6d; Twankay low
yellowish leaf, 2s 2ed, fair, 2s 3d to 2s 4d ; Imperial com-
mon 2s 7ed; Gunpowder, 2s 10d. Assam Tea sold as
follows:-Pekoe at 63 6d to 9s 6d, Souchong 7s ld to
8s 6d, Toucbong 4s, Songperry 8s 2d per lb. Company's
Congou are Zed to 3d lower; for money 2s 3d to 2s 3ed
has been accepted, and 2s 5d to 2s eed with prompts,
m;king the fall from the highest point nearly Is per lb.
The market closed with a very heavy appearance.
Corals.-The unsettled state of the Tea market ope-
rates against the demand for British Plantation Coffee, and
the purchases by private contract have been very limited
in all kinds, but previous rates have been supported for
clean sorts, the supply being small : 54 casks sold at
89s 6d to 91s for fine and fine ord unclean Demerara, very
inferior 61s, good ord Jamaica 803, clean good mid and
fine mid 125 s to 1275, good and fine fine ord 90e to 112 s.
For East India and other descriptions previous rates must
be paid for all kinds ; ord and good ord Java at 75s to 775,
Ceylon 103 s, and mid and good yellow Mocha at 130 s to
1803 ; at public sale 26 casks good even pale Java fetched
80s, and 65 bags damaged els 6d to 788 6d ; 1,000 bags St.
Domingo from the Cape were taken in at 67s for good
ord mixed pale ; 4771 bags Padang were also taken in at
70s. Brazil at previous rates, except good clean sorts, fur
which stiffer priees are wanted, Prices remain firm for
foreign. Demerara far exportation at 71s to 73s for low
mid, and good ord 504 per cwt.
This afternoon the home trade showed very little incli-
nation to do business in Coffee, and the transactions by
private contract were trifling. The public auctions con-
sisted of 1778 bags Ceylon, 100 bags 25 casks 19 baskets
Java ; the Ceylon went heavily at 6s to 8s under former
rates; good ord brown selling at fees to 95s Gd; good
even yellow, like Java, went at 103 s to 103 s 6d ; 500 bags
were taken in at 97s to 99s for fine ordinary. Java was
only partly sold at 73s to 74s for ordinary, fine in casks
was taken in at 84s; 100 bags good ord Samarang were
taken in at 70s per cwt; the market closed very heavily.
Stesea.-The rates previously established have .beem
supported for British Plantations, the supplies being small,
particularly bright yellow sorts, but there has been only a
limited demand ; the stock remaining in the hands of im-
porters is beady 4,000 hhds, &c.
This afternoon the Market presented a quiet appear-
ance, the sales amourted to only 180 hhds and trs, and
the rates established on Friday were generally supported.
REFINED.-Previous rates have been supported for Re-
fined goods, and from the borne trade there was a good
demand last week for the lower descriptions ; Titlers sold
freely at 83s to 84s, standard lumps at 82s to 82s Gd, good
and fine brown lumps at 79; to 81s, and very ord at 78s
to 78s 6d. In cornemn Treacle a large business has been
done at 33s 3d to 33s 6d, and the supply is not sufficient
for the wants of bee era. Patent and the best ord in good
request at 34s to 365. Bastards have sold well ; the
lowest price of common dry brown is 555. Pieces have
been in excellent demand, and fetched 73s to 745. In
Bonded Crushed Sugar a good business has been trans-
acted ; for present livery 34s 6cl, and 34s 3d tp wait
three or four weeks. Loaves have been disposed of to a
fair extent, 101b3 at 38s to 38s 6d, and 14itis at 37a to
37s 6d. Treacle has been in brisk request at 13s to
13s 6d.
To-day the demand was very limited, and prices are
rather lower, standard lumps selling at 81s to 81s 6d.
Treacle, Pieces and Bastards in good request at former
rates. In Bonded Crushed Sugar a fair business was
transacted at 34s 3d to 34s 6d per cwt.
MAURITIUS -The demand has been steady by private
contract and previous rates have been well supported. At
public sale 2 440 bags went briskly 6rl above the rates of
the last auction ; good to very fine yellow at 68s to 71s,
middling to good middling 653 to 675, low middling G3s 6,1
to 645, good to fine brown 60s to 62s 64, low to middling
35s to 58s ed per cwt.
This afternoon little passing by private contract, and no
auction, prices however remain film.
EAST INDIA.-In white Bengal a large business would
have been done by private contract if there had been a
supply at market adequate to the wants of buyers, and full
previous rates paid : brown and yellow sorts have been
disposed of to a fair extent at full prices : at auction, 1196
bags sold briskly, good middling to good yellow at 66.3 6d
to 68s, fine large bright grain and strong 71s, good damps
64s to 665; 50 hhds very low damp brown fetched 545.
For Manilla a fair demand by private contract, and prices
have improved ed ; the sales are 1600 bags principally at
22e 6,1 for fine brown. For Siam there are several buyers,
prices remain firm. Java commanded rather higher pricey,
by private contract 100 baskets have been disposed of,
middling brown at 20a and good yellow 255; at auction 64
baskets middling grey fetched 23s to 24s per cwt.
This afternoon there was not much demand for Foreign
Fast India sorts; 17,288 bags Manila, and 4556 bags
Siam were offered at public sale ; the former was princi-
pally taken in at rather higher rates, viz., good brown at
225. fine 22s 6d, low greyish yellow 22s 6d to 235, mil-
dling yellow 23a 6d, damps 21s 6d, washed 21s ; a few
lots sold at the above rates ; there were buyers of the
whole at former rates : the latter was only partly sold, but
full prices were obtained.
FOREIGN.-Thi. afternoon there was a fair desire to buy,
1153 bxs white Havannah, and 611 hhds 2 trcs and 53
barrels Porto Rico were offered at public sale, the former
sans nearly all sold at full prices ; good fetched 34s ed to
35s 6d, middling 32s to 335, soft 30s to 31s Gd, damaged
27s to 29a, slightly do. 28s 6d to 32s 6d ; the latter was
taken in above its value, viz. fine brown at 24s 6d, low
greyish yellow 255.
RUM, BRANDY AND HOLLANDS.-For all kinds
of West India Rum there has been an animated
demand, and prices have further improved id to ld for
Leewerds ; the sales are 450 puns, proof at 3s 9d, 2 to 5
per rent oser proof 3s leee to 3s 10d, 6 to 8 over 3s 100
to 3s 114,26 to 30 over 5s 2d to 5s 4d, 30 to 35 over
Sc 5d to es 6e, 36 to 39 over 83 7d to es 9d. Jamaica is
Id to 2d higher ; 400 puns have been disposed of, 26 to 28
per cent over proof at es 6d to es 7d, 29 to 32 over bs 8d
to 5s 10d, stronger 5s 1 ld to 6s 3d, and favourite merits 6s 4d
to 6s 7d per gallon. The stock in first hands is very
small. Brandy has been taken sparingly, but prices are
firm ; Cognac, first bratel3 of the vintage of 1836 is held
for es Gd in hhds, and 5s 4d in:puns, dittolB37 hhds 5s 4d,
puns 5s 2d, ditto 1838 !Ads es 2d, puns ss; there aro
) sellers however of 1839 at 4s 9e. to 4s lid in puns and
hhds. In Geneva not much passing; for export is I Id
to 2s paid, and 2s eel to 2s d for fine for home use.
British Corn Spirits are yet selling freely at :Os per
gallon.
To-day there was a good deal of inquiry, but buying
was checked, in consequence of the small quantity of first
hands, proof Leewards firm at 3s 93.
1 Ricn.-Bengal at rather higher prices for the better
kinds, 133 a 13a 94 having been paid for parcels of mid and
good mid, and 14s a I4s lid for good to fine white, but no
advance can be quoted for the common sorts : good white
at 144 to 14s 6d. Java at 103 a 10a 6d for mid broken
white, Ss 6cl a lOs for small yellow, very ord yellow vent

London: Printed and Published by MURDO •
No. 1 12, Strand, at The Sun Office, No. 112. tranfl, tr,
county of Middlesex.—Wednesday, March le, 1840.