-
March, 4, 1896.]
every prospect of its being an active one, though of course the bulk of its requirements have been already anticipated. The recent doings in Korea have naturally had a somewhat depressing effect on the Import trade, to say the least of it, but, as there appears to be a fair chance now of her would be reformers giving up their self imposed task, it may return to the old groove again before long. The Auctions show a general decline all round, for Cottons and also most Woollens, the chief exception in the latter being Lastings, which are in unusually small stock for the time of the year. Advices from Manchester report a steady market, although there is not much doing. Cotton is a fraction lower and dull. The markets in the States are a shade easier, purchases being made this week at a decline of one to two per Metals-From Mr. Alex. Bielfeld's report.)- 28th February:---Advices from home report con- tinued advance in cost of Metals, Belgian Nail- Im. rods being now quoted at 122/6d. c.l.f. porters at present hold back all details of any business done and although several fair contracts in various lines have been booked, particulars cannot be obtained.
cent.
TUESDAY, 3rd March.
CLOSING QUOTATIONS,
EXCHANGE.
ON LONDON.—
Telegraphic Transfer
Bank Bills, on demand
Bank Bills, at 30 days' sight
.2/21 .2/21
Bank Bills, at 4 months' sight .2/21 Credits, at 4 months' sight Documentary Bills, 4 months' sight 2/21
ON PARIS.—
Bank Bills, on demand Credits, at 4 months' sight
ON GERMANY.——
On demand
ON NEW YORK.-
Bank Bills, on demand
Credits, 60 days' sight
ON BOMBAY.—-
Telegraphic Transfer.. Bank, on demand...................
Telegraphic Transfer.
............2.75
.2.80
2.23
.........1791 ...180..
.179%
.714
ON CALCUTTA.—
Bank, on demand.......
.......180°
ON SHANGHAI.—
Bank, at sight
Private, 30 days' sight..
.721
ON YOKOHAMA.-
On demand
ON MANILA,~-
On domand
ON SINGAPORE.—
On demand
SOVEREIGNS, Bank's Buying Rate,. GOLD LEAF, 100 fine, peratael....
% pm.
.13% pm.
8.97 .47.60
JOINT STOCK SHARES. HONGKONG, 3rd March.-Business during the week under review has been somewhat
brisker and rates in most cases show a further rise. The market closes strong.
BANKS.-Hongkong and Shanghai. Further shares have changed hands during the week at 174 and 1744 per cent. prem. cash, and some small lots at equivalent rates on time. Market closes with buyers at 174.
MARINE INSURANCES.-China Traders have continued in fair demand and sales have been effected at $76. Unions have found buyers at $195, and more could be placed at the rate. Cantons after further sales at $190 have improved to $195, closing firm. Straits have been enquired for at $254, $254, and $26, but we have heard of no sales and a higher rate would probably be paid for shares in view of the 10 per cent. dividend declared by the Com- pany and the satisfactory report just issued. Yangtezes and North-Chinas have found buyers in small lots at quotations.
FIRE INSURANCES.-Hongkongs continue in good demand and have risen to $305 ex div. after sales at $297, $300, and $305 cum div.; market closes firm at $305. Chinas have also been in some demand and shares have changed hands at $89 and $90 in fair lots.
CHINA OVERLAND TRADE REPORT. and a fair business was negotiated at $323; towards settlements, however, with several lots thrown on the market, the rate weakened, and after a few sales at $324 sellers ruled the market; at time of writing shares are obtain- able at $321. Indo-Chinas have again been dealt in, chiefly with Shanghai, at enhanced rates, shares having changed hands in moderate lots at $64 and $65 cash, at 65 and $66 for April, and at $67 for May delivery; market closes steady. Douglases, chiefly in consequence of the stoppage of the import of opium and the passenger traffic to Formosa by the Japanese authorities, have ruled weak, sellers vainly offering to part at $52. We have heard of no sales. Enquiries addressed to the Managers of the Company as to whether this interference "Treaty with the trade of ports erstwhile Porta" was likely to continue elicited the reply that they could give no definite information, but that they were doing all in their power to have such vexations restrictions on the trade removed.
REFINERIES-China Sugars are in demand at $115, but pổ shares seem to be obtainable. Luzona have changed hands at $60.
MINING-Punjoms have continued quiet with small sales at $5.75. Raubs and Jelebus have changed hands at quotations. Panjom crushing for February will not be known until Saturday, but it is stated from good sources to be about 500 oz.
The
DOCKS, WHARVES, AND GODOWNS.-Hong- kong and Whampoa Docks have continued in good demand and sales have been effected at 141, 142, 144, 145, 146, and 147 per cent. prom. ex div. and at 149 and 151 per cent. prem. for April and May. The market closes firm with an upward tendency and the rate of 150 per cent. prem. may confidently be looked for. (P.S. Since the above was written Docks have changed hands at 149 and 150 per cent. prem., | market closing strong with buyers.) Kowloon Wharves have made a somewhat unexpected jump to $48 after sales at $451, $46, $46), 847, and $47, closing firm at $48. Wanchais re- main unchanged with no business to report.
LANDS, HOTELS, AND BUILDINGS.-Lands have found further investing buyers at $78) and $74, and a small sale was effected at $741 market closing steady at $74). Hotels have ruled quiet with small sales at $23. The Com- pany's report for half-year to December 31st, published in the Daily Press of 2nd inst., shows à considerable improvement in the working account and enables the Directors to recom- mend writing off a considerable sum and to pay for several improvements to the building and for new furniture. The Directors, however, do not recommend any dividend "in view of the absolute necessity existing for considerable renewals in furniture, appointments, &c., which must be made during the present year." West Points have ruled weak with sellers and na buyers, and the quotation must be looked on so nominal.
MISCELLANEOUS.-Watsons after sales at
|
190
- Closing quotations are as follows :---
PAID UP. QUOTATIONS.
COMPANY.
Banks-
Hongkong & S'hai China & Japan, prí. Do. ordinary Do. deferred
[$342.50 sellers
$125 174 p. ct. prem.
£5 nominal
£1 10s. nominal
£1 | £2, buyers
Natl. Bank of China
B. Shares...... Foun. Shares... Bell's Asbestos E. A.... Brown & Co., H. G.
Carmichael & Co. Campbell, Moore & Co. China Sugar Chinese Loan '86 E....Tls. Dakin, Cruicksk & Co. Dairy Farm Co...... Fenwick & Co., Geol. Green Island Cement. H. & C. Bakery Hongkong & C. Gas Hongkong Electric H. H. L. Tramways Hongkong Hotel.... Hongkong Ice H. & K. Wharf & G.. Hongkong Rope.... II. & W. Dock Insurances — Canton... China Fire China Traders' Hongkong Fire North-China Strails Union Yangtaze.
|
$11 and $113 have advanced to $12. Electrics have been neglected at quotation. Ropes.-A scheme has been brought forward by the General Managers for an increase of capital by means of appropriating the reserve fund and the profits for 1895 (less 10 per cent. div. to be paid to shareholders) and giving two new shares for every three held by shareholders free of cost. The scheme was acquiesced in by a few shareholders at a private meeting held to ascertain the feeling on the proposal and will most likely be carried at an extraordinary meet- ing which will have to be called. The extra- ordinarily good results of working which such a scheme demonstrates caused quite a boom in the shares and buyers eagerly offered 10, 20, and 30 per cent. over last week's quoted price without bringing out sellers (if we except a sale that took place in the early part of the week at $1574). Towards the end of the week the rate rose to $200, but still, as far as we can learn, without leading to business. Market closes with sellers at $200. Fenwicks have been enquired for and changed hands in the early part of the week at $22 and $23, market closing firm at latter. Ices have been negotiated at $981, $99, $99), and $100, closing with sellers at latter rate. We have nothing else to report under
SHIPPING-Hongkong, Canton, and Macaos ruled steady during the early part of the week | this heading.
Land and Building-
H. Land Investipent. Humphreys 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 8. S. Co. H., Canton and M... Indo-China S. N. Wanchai Warehse Co. Watson & Co., AS
CHATER &
£8 $27, sellers £1 $105, sellers 15s. $10 $50 $5, sellers $10 $5, buyers- $20 $9 $100 $115, buyera
250 10 p. ct. prem.
$5 $1 $10 $9 $25 $23, buyers $10 $14, buyers $50 $36 £10 $100, buyers $8 $6.75, sales $100 $87, sales
$50 $23, sales & buyers $25 $100, sales & sellers $50 $48, sales $50 $200, sellers $125 151 p. c. prem
[$318.75, sales $50 $195, sales $50 $90, sales & buyers $25 $76, sales & buyers $50 $305, ex div, sales £25 Tls. 222), buyers $20 $26, buyers $25 $200, sales $60 $124, buyers
$50 $744
$10 $8.75, sales & buyrs
$30 $16, buyers $40 $184, sellers $100 $60, sales
Fes. 500 $72)
$5: $3, sellers $3 $1.75, sales $4 $6, sellers $1 $2, sellers 138. 10d. $4.30, sellers
$50 $70, sales & buyers
£5 £2.10 $50 $51, buyers $15 $32, sales ◄ £10 $65, sales $37$39, sellers $10 $12, sales & buyers VERNON, Share Brokers,
:
SHANGHAI, 28th February-(From Mes rs. J. P. Bisset & Co.'s report.)--Banks.-Hongkong and Shanghai Banking Corporation.-Shares changed hands locally at $341.25 cash, and $342.50 for delivery on 31st March. Our latest Hongkong quotation is $342.50, [with buyers. The London rate is unchanged at £41 108. Od. National Bank of China. There are sellers in Hongkong at $27. Shipping-Indo-China S. N. shares have been dealt in freely at Tls. 45 and Tls. 46 for cash, Tls.
They were also purchased, from Hongkong, at 471 for 30th April, and Ths. 49 for 30: June. 861 and $834 for cash. Hongkong, Canton, and Macao Steamboat shares were placel locally at $37 and to Hongkong at $371, including the $5 payable out of capital. Holders now ask $38. Docks.-Shares in Boyd & Co, are wanted at Tls. 200 for delivery on 31st March. S. C. Farnham & Co.'s shares have changed hands at Tis. 190 for cash and Tils. 192) for 31st March and 30th April.
have been
Marine Insurance.-North-Chinas placed at Tis. 225, and Yangtazes at $122). Straits are wanted at $25} but are held for higher rates. Fire Insurance.-Chinas bave been placed to Hongkong at $89 ex div Wharfs.-Shanghai and Hongkow Wharf shares have been purchased at Tls. 107 and Tls. 110. Cargo Boats. Shang-
Some shares
hai Tugs are wanted. Shanghai Cargo. Boats have changed hands at Tla. 220, and Cooperatives at Tls. 200. Sugars.-Perak Sugar Cultivation shares have been in strong demand, and business has been done at Tls. 40 to Tla. 43. have since been sold at Tls. 42, which we quote as the closing rate, Lands.-Shanghai Land Investment shares have been sold, fully paid up, at Tls. 80, and those with Tis. 30 paid up at There are some fully paid up sharea Tls. 57. offering at Tls. 80. Hongkong Lands are wanted in Hongkong at $72. Factories.-International $50. Miscellaneous. Shangbai Gas shares have Cotton Manufacturing shares have been placed at