The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-01-11
The Shanghai Market.

SHANGHAI October IS, 1852
Since last advices dated the 18th ut we have to
eport continued steady demand for all kinds Of cotton
nd wOolen goods excepting camets, betore and at
ates generally which remunerating to importers.
American cotons continue in good demand at quota
ions and the stock is entirely held by Chinese dealers
The purchases of teas have been extensive scale
both for the United States and England and prices fully
maintained In silk there has been less doing, and the
market has given way. Money has, since last be-
very and dear the native rate Of interest
having ranged high as 2 per cent per month"; dollars
required for the native cotton trade and we have sell
dom known greater scarcity of them amongst the
foreign community, hence exorbitant rates of ex-
change this state of things is also aggravated by the de-
pressed state of the opium market which has received
check owing to seizures having been made at soo-
chaOu
American Cotton Goods.-The only arrivals have been
per Panama and Tartar. We quote-Drils 4oyards.
50 40 and sheetngs 4oyards, 81 7oa 50 75 soyards,
81 per piece Unsold stock including above importa-
tons. about 40 900 pieces Of all kinds.
Chntzes and Handkerchies-Of the former, about TO-,
600 pieces have been sold at rates varying from 81 20
$3.50 The market is very dull, and overstocked and
rather better demand and we hear OF sale OF 1000 de-
Slotted shrtngs are dull at 81 so 50 60 for whites
Brocaded shrtings continue in fair demand, at "a Goa
"a GO per piece.
Lead has been sold since our last low IS 40 bat
is saleable at IS so S. S. the bulk Of the stock
having got into the hands of party; can hardy
look for improved rates for some time to come thous
expect to stocks gradually reduced by the demand
for the tea districts Since last further sales to ~
extent of 1000 piculs are reported.
SpeterThe market for this article is very dull, md
IS could not now be obtained for 1t.
Sugar in good demand and prices have advaac-
ed anticipated in our last. We quote-Canton,
50 Is at which rates sales to extent of 800 pcus
reported Annoy, 81 40. Supplies Of all kinds continue
to be very limited.
Rcc.-The native crops nearly all harvested,
and though yielding less than average have thus far
exceeded the expectations of those best informed the
subject We hear Of inquiries for foreign rice, and
the price of native growth is very moderate.
Black Teas.-Our market has continued very active
since the departure of the last mail and every chop has
been eagerly sought after arrival of the musters To
tai sales since last estimated at l2O chops making
sales since LIST July 400 chops OF the purchases during
the month, many have not yet arrived from the tee
country The unsod stock of which musters only have
arrived does not exceed 35 chops and for which
bitant rates demanded without any guarantee to
when they will be delivered We quote common Congou,
Chuen and Ho How kinds and IA 1914 taels for third
class Mornings Our quotations lower than those of
last month by about mace per picul but 1t must be
borne in mind that the quality of tea Offering relatively
lower Of old Congou not package remains Souchongs
have continued in demand chiefly for Australia and have
been taken Off at taels IA 10 in preference to the
lowest class of Congou formerly shipped to that Market
about 600 chests have been sold since last Flowery
PekoesThe stock is reduced to about 200 packages,
hiefy of fair quality. and held at Is a % taes OOlong
and Anko kinds have considerably and the
ket entirely cleared Of good quality sales be stated
at about 900 packages and at advance Of taes
last quotations The stock consists of nferi0r
qualities. worth a IL taels.
Green teas have been sold freely arrival and total
sales since 1st July estimated at 800 900 packages in
Guiding those intended for the United States Englands
Europe, and Australia The unsold stock is stated at
200 packages. Prices may be quoted about last