Lot
505 
China, 1835 (Jun. 4) Canton, China to Philadelphia Pa. via New York, folded letter from the Whetmore & Co. correspondence to partner Joseph Archer datelined "Canton, June 4th 1835", endorsed per Ship "Tarquin" at bottom left, entered mails with red "New-York, Dec 30" cds and matching "SHIP" straightline with ms. "39½" rating for 37½¢ inland postage plus 2¢ ship fee, Very Fine. Estimate $500 - 750.
Some interesting market reporting concerning tea and depressed local market for inbound goods, the need to borrow $90,000 with $80,000 in bills on hand which seem to be hard to exchange, "…The Tarquin will commence loading today & from all we can learn think she will not have, to exceed 4000 chests of Teas, of which 2000 at least will be Young Hysons…The Franklin has gone to Manila for a cargo of Rice, & will return here for a cargo of Teas which have been purchased by us for here…Our neighbors have been greatly disappointed in consequence of their inability to execute their orders for Teas. We estimate the following will be about the quantity of Teas that will be shipped before the new come into market to the United States by vessels now here viz: Tarquin 4000 Chests of which 2000 Y Hyson; Mary 4500; Regulus 7500; Franklin 6000…These vessels will take every chest remaining of the present crop…" and signed "Wetmore & Co." .
Realized: $950