New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-02-23

hv mining cos, and buyine and selling landand m
variety OF other pursuits. We would REMIND you a.
the chemical industry for over hty years, ana hey
produce from 100 10 900 other articles besides qnn
II is fair to suppose tnat sone ,n ,"y nsriod
from their general business IN go long d pe''ou-
LAST YEARS DECLINE IN PRICE.
is asserted that quna Is low IN price on account VI
the removal Of the duty, but 1t has been lower Wne
there was a duty of 40 per cent on the article mus
In 1889 suphae OF quinia was cheaper than ~ To-
duv nj 90 per cent on bars and 40 per cent on suhae
of quina The price OF qana ranged IRON e hGaest
II remains present the reasons Tor inc uecne
In price which followed the removal OF the duty upon
quina. ,, Il, o.o,.coo 90 ,b,s docline ne
though 4 was sntTey 70 'nv cJt@nG The
main cause will be found In the fact that the unusually
mall Fall consumption in the United States and ccs.a-
tion of war in Europe caused accumulation OF GIN
chona barks IN NewYork and London, and
fail in prices OF this crude material OF about 20 per cent
II mas been stated that, within the memory Of our oder
~ ~. tbst Of The Fall of 1879 has
been unknown. Large quantities oil foreign quIhe, eca
here after the repeal OF the duly were pIesss"
light demand This naturally led to decline III price
which would have occurred even though the uul9 .u
NOT been repealed The value Of all commodities j. con
troed by the great law OF supply and demand. large
supply of an article aud limited demanu hsCessai ~!
result IN low prices. and small supply and large de-
mand in high prices Further the price OF lhahuIac'
turpd article dep nds greatly upon me cost o! cFue @
teIois and I'm The case OF suphaie Of Quiua when the
prices for cnchona bark are low, qnluine II cheap
when prices Tor bark are high quinine is dear as IS
fully illustrated on page II. ~, . 49,,
Having explained the cause OF the docilIe ID tne
price OF sulphate OF qunia which followed tne d9.
novl o! he duty desire TO present some iacs eA-
pauatory advance IN the price OF the article since
January l. 1850. -. ,,.,,
AT tie time OF the removal OF the duty American
manufacturers asking 50 40 per onnce III vlds or
SO 80 Ia bulk. As soon as the duty was removed tne
DR. foreign article advanced To about the lever
of the American. The American manufacturer,
although forced greatly curail their operations con
tnued To produce extent Large parcels O i0egn
suphate OF qunia were thrown mp THIS market ahu ne
consumption. as before explained, being UNUSUALLY
small stocks both OF bark and quina accumulated ana
prices recedcd until American sulphate OF quinia was
quoted al 50 60 per ounce IN vals.
shortly after the first OF the year, az acike dlnana
sprung ip for sulphaic OF qunia both mere ana aDfo
and prices advanced. Gable adviccs dated January -
report 'Howards English qulnine in bulk quoted at
IL snillimgs," French being quoted at rs OIL lnls Is
couiya en % IN the London market. ana the price oI
HE American article to-day Is 80 per ounce, lncludhE
Vi1is. --
During the first two weeks In January, 1850, more
suqhate Of Quna has been called Tor than Tor the en-
tire last three months Of 1870. Respectfully.
= POWERS Il WEIGHTAAN, Philadelphia
RoshNGARTES d Sons, Philadelphia.
CHARLES T. WHITE a. Co.. New-IOrk.
MCkFssOS 4 ROBBINS, NeW-1 ORR