The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-01-23

per quarter last weeks prices the general trade
Dor 1ner descriptions was also rather improved Fine
The trade done in oats has been but moderate
quotations continue firm Cor all descriptions Beans and
peas both sorts unSercd in value In flour we hear
Of no alteration
LoSpoN, Monday, January l.--Notwithstanding the
uniavorahe state Of the weather, had large num-
Der Of buyers in attendance owing to which the beef
trade active advance in the curences obtained
this day scnnght Of from I'd 4d per ID and that
improved value cler rance was easily effected As to
sheep they rather freely hand end for the
part in excellent condition The butchers, however
in their hence the mutton trade must
be considered dull though last weeks quotations were
well suppoed prime old Downs realisiDg quite Is Sd per
sb The number of calves about equal to meet the
them disposed Of at Fridays advanced rates The
pork trade rather active and the rates quite as
high on this day sennght.
LONDON TEA TRADE Jan 1.-The market for tea is inec.
tive and the delivery last week only 2963s0 h. Sta
tstics given showing the consumption Of tea at four
different periods, follows -
In 1886, when prices were lowest, the consump
IN Is sao wsi hen prices were highest being .; rer
cent above 1896 the consumption 81, 100000
In 1912, when prices were l2l per cent lower
than in 1910, and l2i per cent higher than In
In Isas, when prices were nearly as low in
S he m hp is to base an hat
the duty ought to be reduced to Is pound
desired by the Glasgow memorslists noticed the other
lion following Of price but the three last chief
~ merit consideration. The difference between the pr.
1910 and 1912 just the same between those of
1912 and ls43neary l2t per cent but the increase in
consumption not proportonae. The explanation is
that whereas the reduction in ls42 ntroduced class
Of consumers who unable to purchase at the prev
high prices the reduction in ls43 besides Increasing
consumption caused substitution OF better former
prices Hence s operation being divided its effects in
increasing consumption was not great. On this de-
ponds the argument raised by the writers Of the circuar
who contend that any reduction which may place in
the bond price of tea will only tho effect of sub
shutting better qualities for consumption while
anew class Of consumers the duty be materially
duced.
LIvERrooL CorroN MsRKEr Jan. 3-The sales of Cot
ton on last were 900 bales, 1000 specna
ton Friday 5000 1000 speculation Saturday 10000,
1000 on speculation Monday 2ooo 6ooo on speculation.
tuesday 10000, 5000 speculation and today 12cc0.
1000 on speculation Great activity has prevailed In cot
ION since our last report both and peculaors
have operated largely An advance Of per H. Amer
ioan and all other descriptions of cotton has been
established The marketclos to-day rather more tame
~ for American but long sapled cotton having been
more inquired for 10 day that class is quite hrm The
import OF the week amounts 10 TO- le7 bales
Dc. 30--The mark, open,l win good demand from
the trade which continued throughout the week, accom-
panied BY consider able speculation. In Brazil and Egyp
tian there little change but the low and middling quail