New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-08-05
LOCAL MISCELLANY
THE PRICE OF TEAS.

arnrshens;on was felt by importers
last week because OF the ieVyng vi m Oh ner rcnt
ON insurance risks on Yea a. xnlted nv the reports
nee de Lesseps proposed to close inc Snez O"us
!" " navigation. While some No n GInssd thus
f tnat s" the steamships from China ports to
come TO NewYork by way of the Cape OF uool tDnr
!, wonld seriously affect the price oil teas ONE
ian, that the large stocks now On hand WouiH p1e-
ant anv embarrassment ia the trade. MI: NAV,
Of Carter Hawey & Co, No. 40 Pearl Saiu ~
ut is difficult TO say what would reaN nv trade
fsc, Of closing the Suez Canal to the yea tiaue
There are now several millions OF pounds o. va ~"
the way from China on steamships wnlcn incd he
reached the canal yet ,by m%st come around
nv the way of the Cape OF "oou ' tort -
and this would delay their arrival lnI'N " Conc
days. These vessels Wo4' or Western Islands
for coal and would 10 eoononiZe on luqi -" rorid
RIM slow If the canal should be cloSVo, "ri,et
nav 80 INST onened in China The bulk o1 the
green teas come by the way Oh lllc ." ts the
this season we have had only twH 80 np,y crnn
49,, tea Only one other steamship inc uaucN
81 Iorne with about s02 900 pounds OF japan 'oa,
has passed through customers shT s'"' throughout
tSa country look upon the present
s,tp,tion with grave Apprehension. rs they nave re-
Gently sent IN large orders, 80 a. ,Sycrdc teas
pn the market and While good article rs plinsr'ce
n falr price. figures are lower ina oaUs and
a,inncs IRE in better demand ana nave au 49, .
>yith1n a lew DAYS or 3 cents heceit We ut
49, ha We been putting them on the auctoI ma nv
- ! ,b,nk with view of depressing iie Pil'T
a.. g, ~ 10 buy more favoraDly III Ine las.
I'M that The trade will soon take greal't III
IL, The market and then the prlce VII du' 49, aud
William H. FOgg president OF the nl'i - "
i,nan Trading Company, winch mas Ialsc nou ;1
a. H.. nrincIpal cites oil CHINA ana JdpID ~. ~
do moi think that If the SueZ Canal 10 ,,t
market would be seriously aHecteu. "a ~ the
a,,ut ouc-thld Of the tea comes oN go e.
resi- Inv w;,,er" Mr.. Huntington, OF A. A. nU 'I, ~
90 said: he only effect the EgypLan ronG"o
nave hal thus lar has peeh tne oN 'snr'
-" var premiums by the marine ihsui
aure conluanIcs. There are a nuhoeI ol VS. ~
In"d,nr aid others on the way mere WIN S"I 80 -
49, If The canal should be closed THESE YES,
NJ NJ c",n nave 10 come around cape OF Oopu
n b,,t Il viii have no effect except 10 delay me
10y ,f The cargoes Prices might be be snghIiH
"nsrfeI bnt not materially, as the dlucnlty "ouu
L,. m c6uIicction with c0aling" ,. 49,
Another M porter sad: III Wouu no' nun I'' -
Ill n i,.fr al We snIplOads were used 10 MAKE ID
go. en- , nf fea for an Arab old maid. Inc ludlhct
j. loaded down at present. Tea Is now grown Do
n,,v MONT, in the East, ana the ll'i%u
crnn alone promises in few years ~ pe
.nnai 10 Tie worlds consumption at Tue
,,r,.s't enormous rate of increase III cGl'lNatlou
rlon Is pro.Iug tea successfully, ana III all Oh nc
As;.t,r coloyuc, of the European Powers great
atte,,,ion /, hcug paid to its CULTIVATION win Tue
a;'t f the Chue,e aud japanese. All TINS tehuS 10
,ncre.se sippll,, here The effect OF stopping cauai
1r,ffc would ue to increase our continental uaiHc'
md youII prove beneficial TO this country"