Democratic Sentinel, Volume 16, Number 17, Rensselaer, Jasper County, 13 May 1892 — Tea Trade Declining. [ARTICLE]

Tea Trade Declining.

The prospects of the Chinese tea trade continue to grow more gloomy, says London Figaro. At a general meeting of teamen recently held in one of the Foochow districts, it was stated that during the last five years the hundred and eighty houses engaged in the business lost over $2,000,000. More than half of these decided not to go on risking their capital, and are therefore retiring. It is believed that the foreign merchants will benefit by the reduced competition.