September 12, 1895.
207
CHINA OVERLAND TRADE REPORT. the next six months, have ruled very firm, and the shareholders to obtain a return of $5 pe have attracted much attention. In the early share from the funds of the Company, not invested part of the week the rate went back from in steamers. Shares have been sold at $34 with $115 to $113, and small sales were effected exchange 73. Indo-China S. N. shares are offer- between these rates. Later, however, on
ing. Docks.-Shares in Boyd & Co. have been the strength of some good jobs falling placed at Tls. 165, S. C. Farnham & Co. shares have been sold at Tls. 165 cum and Tle, 155 to steamship Belgic, which has recently unfortunately got on shore some fifty miles from Yokohama, the rate gradually rose in sympathy with a persistent demand to 123 per cent. prem. A fair business was put through between 115 and 120 per cent. prem. and a small, .e., comparatively small one, between 120 and 123. The last sales reported are at 122, at which rate market closes steady. Kowloon Wharfs have materially improved their position with sales at $45, $46, and $47; market closes steady at latter rate. Wanchai Godowns are neglected, but should be deserving of attention at quotation.
hold off for a while. The foresight displayed in buying just in the nick of time is really wonder- ful, the quantity settled, so far, being consider *ably in excess of what is usually done thus early in the year, some having bought as much as ninety per cent. of their estimated requirements. In "English goods the current business has not been in, including the. large, for the reason that holders are trying to gradually lessen the difference beween the prices offered and the cost of replacing now, and are not showing any anxiety to sell; the auctions, how ever, are supplying the most pressing wants and until prices there show a much more decided turn than they have it will be difficult to raise the market appreciably. Indications are all point- ing that way, and, although it may be a little slow in doing so, this market must respond tó the strength displayed at all the sources of supply. The only noticeable feature during the interval has been a revival in the demand for American makes, the standard chops coming in for a share of attention, the dealers at length becoming convinced that it will be necessary for them to pay up. Further shipments have been made to Newchwang this week of a miscellaneous assort- ment of goods, and favourable results will no doubt continue to be realised as long as the sup- plies sant forward are not excessive. The Tien- tsin market is steady, but the dealers have not been showing much activity as yet; it is antici- pated, however, that they must commence to lay in their winter requirements before long. The Ning- po trade is satisfactorily progressing, but the other markets are quiet. For Korea and Vladivostock there is coniderable activity, a good autumn trad being expected.
JOINT STOCK SHARES. HONGKONG, 11th September.-We have & further general rise in rates to record. The market has ruled strong and a fair amount of business has been transacted during the week under review. The reduction of Bank interest on overdrafts from 7 to 6 per cent. has had the affect of sending stock up to a 6. per cent. the Chrn basis.
BANKS Hongkong and Shanghais have ruled very quiet with a downward tendency and we have no business beyond a few small cash sales at 184 and 183 per cent. prem, to report. Nationals and Bank of China
are also neglected.
MARINE INSURANCES.-China Traders after sales at $74 in the early of the week have risen without sales to $77. North-Chinas have im- proved to $205 and Straits to 221, the latter after sales at $22. In other Marines we have nothing to report.
FIRE INSURANCES.-Hongkongs have chang. ed hands at $235, but more shares can be obtain- ed at the rate. Chinas have found buyers and are wanted at $86. An offer sell at $87 would probably lead to business, Market closes strong with an upward tendency.
SHIPPING. Hongkong, Canton and Macaos, after somewhat heavy sales at $333, $334, and again at $334, the demand being unsatisfied, the rate rose quickly to $34, $341, $35, and $354, with sales, markets closes firm at the latter rate. Douglas's ruled weak during the early part of the week under review and sales were effected at $54 and $543; later, however, on a persistent de- mand setting in consequent upon an unsupported rumour of a likely return of capital to share- holders, the rate gradually hardened with small sales at $55 and $56 to $59, without any sales between the two latter rates, and at time of writing shares have changed hands at $60, the market closing firm. Indo-Chinas have been negotiated at $47 in small lots.
REFINERIES-China Sugars continue to rule weak with reported sales at $102 and $101. Luzons, after sales at $47 and $50, are enquired for at $51; market closes firm without sellers.
MINING-Punjoms, on receipt of a satisfac- tory August crushing, have ruled much firmer with sales at $41, $5, $51, $54, and $6. Pre- ferences have been enquired for and have ad- vanced to $1.50. Balmorals have also improved to $4, after sales at $3.25, $3.50 and $3.75. Raubs after a period of comparative inaction have changed hands at $4, market closing steady. Jelebus have gone back without sales to $3.15. Charbonnages can be obtained in very small lots at $120.
DOCES, WHARVES AND GODOWNS-Hong kong and Whampoa Docks, with the certainty of enough good paying work to keep them going for the next four months, and probably for
QUOTATIONS.
MISCELLANEOUS.-Lands have more than maintained the improvement reported in our last and have found buyers at $65 and $66, closing steady at latter rate. Tramways are still in request at $90 and Ices are enquired for at $91 without finding sellers. Watsons have ruled very firm, a persistent demand at $10 only bringing out a very few shares. Fenwicks have found investing buyers at $21.
Closing quotations are as follow:-
COMPANY. PAID UP. Banks--
Hongkong & S'hai..... China & Japan, prf. Do. ordinary Do. deferred Natl. Bank of China
B. Shares. Foun. Shares... Bell's Asbestos E. A..... Brown & Co., H. G. Campbell, Moore & Co. China Sugar
Chinese Loan '86 E. Dakin, Cruicks❜k & Co.) Dairy Farm Co.... Fenwick & Co., Geo.... Green Island Cement... 11. & C. Bakery Hongkong & C. Gas . H. L. Tramways Iongkong Electric Hongkong Hotel Hongkong Ice
II. Brick and Cement...
H. & K. Wharf & G... Hongkong Rope.. H. & W. Dock Insurances-
Canton.. China Fire China Traders'
Hongkong Fire North-China Straits Union Yangtsze Land and Building-
H. Land Investment. Humphrey's Estate. Kowloon Land & B. West Point Building Luzon Sugar Mining-
Charbonnages
Jelebu New Balmoral Punjom
Do. (Preference).
Raubs Steamship Coys.
China and Manila.. China Shippers Douglas S. S. Co. H., Canton and M... Indo-China S. N. Wanchai Wareh’se Co. Watson & Co., A. S
$125 183 p.et. pm., sellers
nominal
£1 nominal. £1 nominal
48 $251
41 $26 158. $10 $30 $3, sellers $10 $2, buyers $100 $101
Tls. 25010 p. ct. prem.
$5 $1
s. 160 ex dividend. The dividend of Tla. 12 per share was paid on the 4th instant. Marine Insurance.-China Traders' Insurance shares were placed at $75, North-China Insurance shares at Tls. 207. Unions at $185, and Straits at $22. Fire Insurance.-Hongkongs have changed hands at $232). There is no change in Chinas. Mining.
Jelebu Mining and Trading shares were placed at $3.60. Cargo Boats.-Shanghai Cargo Boat shares were sold at Tls. 157), Miscellaneous.-- Hongkong Electric shares were purchased from Hongkong at $5.85 Perak Sugar Cultivation shares changed hands, and are offering, at Tls. 83, several hundreds of Hall & Holtz shares were placed at $20; Hongkong Land Investment shares changed hands at $62. J. Llewellyn & Co. shares placed, and are wanted, at Tls. 26, Shanghai- were sold at $25, Major Brothers shares were
Sumatra Tobacco shares changed handa at Tis. 125 and Tls. 120 cash, and were sold for delivery on the 30th current at Tls. 122), and Shanghai- Langkat Tobacco shares at Tis. 220 and Tls. 225 each. Loans.--Debentures of all sorts are in strong demand.
WEDNESDAY, 11th September. CLOSING QUOTATIONS.
EXCHANGE
ON LONDON.→
Telegraphic Transfer
.2/21
Bank Bills, on demand
.2/21
Bank Bills at 30 days' sight
Bank Bills, at 4 months' sight...2/23
Credits, at 4 months' sight
.2/2€
Documentary Bills, 4 months' sight2/24
ON PARIS.-
Bank Bills, on demand
2.74
Credits, at 4 months' sight..
2.80
ON GERMANY -
On demand.
222
ON NEW YORK.
Bank Bills, on demand
Credits, 60 days' sight..
.544
ON BOMBAY.
Telegraphic Tansfer
.194
$8 $6, sales & sellers $100 $90
Bank, on demand
.1944
Telegraphic Transfer Bank, on demand
.194
1941
.721.
.72%
$10 $8, sales & buyers $25 $21, sales $60 $103, sales
$12 $7, sellers $50 $36 £10 $110.
$50 $7, buyers
$25 $91, buyers $50 $47, buyers $50 $140, sales
$125 123 p. et. pm., [sellers
$50 $180, sellers $20 $86, buyers $25 $77, buyers $50 $235, sales
£25 Tls, 205, buyers $20 $224, sales $25 $180, sales
$103, buyers
$50 $66, sales
$10 $9, sales & sellers $30 $12, sales $40 $183
$100 $51, buyers
Fcs. 500 $120, sellers
$5 $3.15, buyers $3 $4, sellers $3 $6, sales $1 $1.50
$4, buyers
13s. 10d.
$50 8621
£5 £2.11.6 $50 $59, buyers $20 $35, sales & buyers £10 $47, sales
$37 $371, buyers $10 $10, sales & buyers CHATER & VERNON, Share Brokers.
SHANGHAI, 6th September :-(From Messrs. J. P. Bisset & Co.'s Report.)-Banks.-Hongkong has been done for cash, at rates steadily advanc- and Shanghai Banking Corporation.-Business
ing from 180 to 185 per cent. premium. Sales were also made at 100 per cent. premium for 30th November, 31st October, and 15th October. This last is a full rate, as shares are offering at 189 for 31st October. The London rate is unchanged at 2421. Shipping.-Hongkong, Canton, and Macao Steamboat Co.-There is a movement among
ON CALCUTTA -
ON SHANGHAI.—
Bank, at sight
Private, 30 days' sight
ON YOKOHAMA.-
On demand
ON MANILA.
On demand
ON SINGAPORE.-
On demand
.3% pm.
%dis.
.47.40
SOVEREIGNS, Bank's Buying Rate...$9.01 GOLD LEAF, 100 fine, per tael
TONNAGE.
HONGKONG, 11th September.-Since our last a fair number of settlements have been effected and rates all-round are firml
From Saigon to Hongkong medium-sized steamers are wanted at 10 cents per picul.
From Bangkok to Hongkong small carriers are enquired for at 173 cents inside and 123 cents per picul outside the bar; regular line steamers command 20 and 15 gts.
From Nachwang to Canton there is a good de- mand for early October loading at 24 cents, late Octo- ber 27 cents, and November 29/30 cents per picul. Several settlements other than those reported below have been made, but as the rates have not yet, tran- spired they will be quoted in our next list.
Japan coal freights remain weak at $1.25 to Hong- kong and $1.70 per ton to Canton.
A large sailer has been taken to load hence for New York at about 17s. per ton of 40 cubic feet.
There are no disengaged vessels in port.. The following are the settlements:— Engelhorn British 4-masted barque, 2,374 tons, to New York, private terms.
Romulus German steamer, 1,722 tons, thres ports Java to Hongkong, 21 cents per picul.
Fram-Norwegian steamer, 1,415 tons, hence to Java and back, $9,600 in full.
Bengloe-British steamer, 1,959 tons, hence to Yokohama and Kobe, $4,700 in full; thence Moji to Hongkong, $1.25 per ton.¦
Foyle British steamer, 1,331 tons, Mojito Hong- kong, $1.25, Canton $1.70 per ton.