March, 18, 1896.J
CHINA OVERLAND TRADE REPORT
reported of 100/200 tons L.B. at saine rates as MISCELLANEOUS.-Watsons have been dealt last. Nailrods.-D alers have stocks in hand and | in in fair lots at $12.75. Green Islands purchases "to arrive" sufficient to enable them
with rumours of large orders from For- to continue their holding-off policy for another
mosa have ruled firm and have found buyers three months and they appear likely to do this.
at much enhanced values. Shares have
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in the face of present quotations. Should Belgian Iron continue long at its resent level it is more than probable that British iron manufacturers will be entering the market in earnest HO difference now ruling is slight. Copper and Yellow Metal Sheathi gs.-Natives are enquiring for both at higher rates, but have not yet come quite up to present requirements. Pig Iron.- 100 tons "Shotts" have been sold at Tls. 23 50. Scrap Materials.—Sales have not been anmierous, hut the market is steady and an advance in values on this side is not improbably.
JOINT STOCK SHARES.
HONGKONG, 17th March. The market has continued active and a fair business has been put through in most stocks, at, in most cases, advancing rates.
BANKS.-Hongkong and Shanghais have further improved their position, on receipt of definite news of the new Anglo-German China loan of £16,000,000. Shares have changed hands at 187, 188, 189, and 190 per cent. prem., and we hear of one sale to an outport at as high as 192. On time shares were enquired for at the equivalent of the lower rates, but no sellers came forward until the higher rates were reached, when buyers in their turn drew back, and although some few lots changed hands at various rates we have no time business of any importance to report. At time of writing market is easier with sellers at 189 per cent. prem. Nationals.-No London quotation is £41.10. business to report.
MARINE INSURANCE8.China Traders have advanced to $80, after sales $78 and $79.
Yangtazes and North Chinas have changed
hands, and Unions and Cantons rule steady, at
quotations. Straits are on offer at $26 lex
div.
FIRE INSURANCES.-Hongkongs have further advanced to $318, after sales at $312 and $315, closing steady. Chinas have found buyers at $91 and 8924, closing at $93.
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SHIPPING. Hongkong, Canton, and Macaos. -A good many shares have been placed at $33. $331, $334, and $334 for cash and the end of the month. Forward a few lots changed. bands at equivalent rates. Market closes steady at $33. Douglas's have ruled neglected at quotation with little or no business. The accounts for last six months are now under audit. Indo-Chinas have continued quiet with small sales at 863 and $634; buyers are now willing to pay $64, but no shares are obtainable at that rate, and even at $65 the number obtainable is very limited. China and Manilas continue weak with no business to report. China Mutuals have improved and have changed hands at £2 158, and £8 10s, ex div. for ordinary and preference shares respectively; market oloses firm.
REFINERIES.-Chinas continue steady at quotation, and small sales are reported for cash and equivalent time rates. Luzons have further advanced and have changed hands at 867, $68, $69, $70, and $71, market closing at $70 with some sellers.
MINING.-Punjoms have continued to rule neglected at $6.75, and we have no business of any importance to report. Raubs, Jelebus, and Balmorals have found buyers in small lots at quotations. The Mining market generally has ruled quiet during the period under review.
DOCKS, WHARVES, AND GODOWNS.-We have to report another boom in Hongkong and Whampoa Dooks. The demand reported in our last at 161 continuing, rates gradually rose with a fair amount of business to 173 per cent. prem., after sales at 162, 164, 165, 166, 168, and 170 per cent. prem. On time, a few un- important transactions at various equivalent Market closes steady rates have been effected. at 173 per cent. prem.
Kowloon Wharf shares have been in a small but steady demand, and have changed hands at $48, closing with sellers. Wanchai Godowns without business,
changed hands at $13, $14, $15, $16, 817, and $17 for cash, market closing firm at $17. Electrics are still wanted at quotation, but we hear of no sales. Ropes have at last settled
LANDS, HOTELS, AND BUILDINGS.-Lands have ruled somewhat quieter with sales at $74, $734, and reported ones at $73; market closes quiet with sellers. Hotels have found buyers at quotation. West Points have changed handa at $18, and Humphreys Estate at $91 and $91.
down and business has been transacted at $195.
ers.
$193, and $1924, market closing at $195 with buy
Fenwicks, upon the issue of a very good report, proposing & div. of 10 per cent., placing $4,000 to reserve and $16,490 to credit of next working account, have ruled firm with buyers at $24, 825, and $26, and no sellers. Ices have con- tinued in demand at $100 to $101, but no shares are forthcoming except at an advance of a point or two. Dairy Farms are unsaleable at anything over $2, at which rate a few sporting offers are on the market. The Company's herd has unfortunately been afflicted with cattle plague and some 130 out of about 200 head of cattle have already died. Every precaution is of course being taken, and so far with success, to prevent the plague spreading to the other dairy farms in the island, but it is only too probable that the whole hord of the Dairy Farm Co. is doomed. Ewo Cotton Mills have improved and are enquired for at Tls. 70 after small sales at $65 and $67§.
Closing quotations are as follows :—
PAID UP. QUOTATIONS.
[$361.25, R. & sellers
COMPANY. 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., II. G. Campbell, Moure & Co.l
Carmichael & Co.
China Sugar
Chinese Loan '86 E.
Dakin, Cruicks’k & Co., Dairy Farm Co.......
Fenwick & Co., Geo.. Green Island Cement. H. & C. Bakery Hungkong & C. Gas Hongkong Electric H H. L. Tramways Hongkong Hotel Hongkong Ice
H. & K. Wharf & G.. Hongkong Rope....... H. & W. Dock Insurancés- Canton... China Fire China Traders' Hongkong Fire North-China Straits Union Yangtsze.
Land and Building-
H. Land Investment. Humphreys Estate... Kowloon Land & Bl West Point Building, Luzon Sugar Mining-
Charbonnages Jelebu New Balmoral Punjom
Do. (Preference). Raubs
Steamship Coys-
China and Manila. China Mutual
Do Pref. Douglas 8. 8. Co. H., Canton and M... Indo-China S. N. Wanchai Wareh’se Co. Watson & Co., A. S
$125
足ふ
189 p. ct. prem‚— nominal
£1 10s. nominal
£1 £2, buyers
£8 $26
£1 $105, sellers 158. $10
$50 $4, sellers $10 $, buyers $20 $9
243
advance to 185 and 186 per cent. premium. Yesterday it transpired that the Bank, in conjunc. tion with the Deutsch-Asintische Bank, had arranged a loan to the Chinese Government, on security of the Customs revenue, of £16,000,000, at 8 per cent interest, to run off in 36 years. business was done at 190 to 192 per cent. premium This caused a strong demand for shares, and
for cash, 192 and 193 for delivery on the 31st, and 195 for April delivery. Shares were purchased premium, co ting 189 and 73 laid down here, but from Hongkong this morning at 100 per cent.
focal sales were made since at 194 and 165 for cash, and 195 for 31st March. National Bank of China, Ld.-Shares are offering in Hongkong at $26 ex dividend. Shipping.-Indo-China S. N. shares have been placed at Tls. 471, H. C. & M. Steamboat shares, to Hongkong, at $32 and $33, and China Mutual S. N. Ordinary shares, with
Docks,-Shares in
S. C.
paid up, at £2 158. 01. ex the dividend of 6 per cent, paid yester lay. Boyd & Co. are offering at Tis. 200. Farnham & Co. shares have changed hands at Hongkong & la. 10 to Tis. 1921 for cash. Whampoa Dock shares have changed hands in
Hongkong at 162 per cent. premium. Marine Insurance.-China Traders shares have changed bands in Hongkong at $78). Unions were sold to Hongkong at $195 and $200. Yangtsze sbares were placed at $130 to Hongkong, and locally at $130 to $132) cash, $ 30 with exchange 714, aid $132; for 31st March, and $132 for 30th April. Cantons was sold to Hongkong at $192, and a large business was done in Strmits at $281 to $31 cash, $291 for March, $30 for 8th April, and $30) to $1 for May. The market closes weak with sellers at $30, while buyers do not offer more than $29. Fire Insurance.-Hongkongs are wanted in Hongkong at $310. Cuinas have been placed locally at $88; to $91, and to Hongkong at $92 delivery on the 31st current. Wharves.-Shang- hai and Hongkew Wharf Co.-Shares have been sold at Tls. I to Tla. 1121 for cash, and Tls. 116 for delivery on the 30th June. Tugs and Cargo Boats-Shanghai Tug Boat shares have been placed at Tls. 175. Shanghai Cargo Boat shares were placed at Tls. 220 cum dividend, and
div. Co-operatives at Tls. 191 ex
Sugars. Perak Sugar Cultivation shares have changed hands at T. 40. A number of China Sugar Refining shares have been sold, chiefly from Hongkong, at $118 to $1211 ca-h, $121) for 31st March, $12 and $1281 for 30th June, and $126) for $1st July. We quote $120 as the closing cash rate. Luzon Sugar Refining shares have been purchased from Hongkong at $G1 to $62, and yesterday at $70, which is the closing rash price. Lands.-Shanghai Land Investment shares with 7. 30 paid up wele sold at Tla. 571. and fully aid up shures at Tls. 80. Humphreys Estate and Finance shares were purchased from Hongkong at 9.50. Factories. [84412), sales-Shares in Major Brothers. were placed at $50 $200, sales & buyers Tls. 30 cash, and at the same price for delivery $50 91, sales & sellers on the 15th Air. Laou-kung-wow shares were $25 $80, sales & sellers placed at Tls. 75 and are offering. Miscellaneous. $50 $18, sales & buyers £25 Tls. 225
$100 $119, sales & sellers Tls. 250, 10 p. ct. prem.
$5 $1
$10 $2 buyers $25 $26, sales & buyers $10 $17, sales & buyers $50 $36
£10 $100, buyers
$87, sales & sellers $100 5924, buyers
850 $24, sales & sellers $25 $10), buyers $50 $48, sales $50 $195, sales $125 173 p. c. prent,=
$20 $261, ex div, sellers $25 $202), sales $60 $135
$50 $73, sales $10 $9.75, sules $30 $171, buyers $40 $18, sales $100 $70, sales & sellers
Fes. 500 $72)
$5 $275, buyers $3:$1.80, siles $40, sellers $1 $2, sules
[13s. 10d. $4.25, sales & buyers
:
$50.970, sales & sellers £5, £2.15, ex civ, sales £10 £8.10, ex div. Bules $50 $524, sellers $15 $334, sales
£10 $64, sales & Luyers $37 $39, sellers
$10 $124, sales & buyers CHATER & VERNON, Share Brokers.
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Business has been done in Slangbai Gas shares at Tla. 260, Shanghai Sumatra Tobacco shares at Tls. 110, Tls. 109, and Tls. 105 for cash, and Ils. 110 for 31st March, Shanghai Langkat Tobacco shares at Tls. 310 and Tls. 815 cash and Tis. 320 for 30th April, Shanghai Horse Bazaar shares at Tls. £8 to Tls. 60 cash, and Hall and Holtz abares at $32 cash and $39 for | 3lat current. Loans.-Municipal Debentures of 1895 changed hands at Tis. 101, Land Invest- ment Debentures of 1892 at Tls, 100, and Shang- hai and Hongkew Wharf Debentures at Tle. 110, plus the accrued interest in all cuses.
TUESDAY, 17th March. CLOSING QUOTATIONS.
ON LONDON.-
EXCHANGE.
Telegraphic Transfer
.2/21
Bank Bills, on demand
.2/2
Bank Bills, at 30 days' sight
Bank Bills, at 4 months' sight
...2/23
Credits, at 4 months' sight
2/3
Documentary Bills, 4 months sight2/34
ON PARIS..
Bank Bills, on demand
2.79
Credits, at 4 months' sight
2.84
ON GERMANY.—
On demand
2.26
ON NEW YORK.—
SHANGHAI, 13th March.-(From Messrs. J. P. Bisset & Co.'s report.)--The market has been active during the week, and many stocks shew au inprovement in prices. Banks dengkong and Shanghai Banking Corporation.-Shares placed on the 9th at 174 per cent. premium, and ON nothing further was done in the stock until the 41th, when rumours of a loan caused males to】
were
Bank Bills, on demand Credits, 60 days' sight BOMBAY
Telegraphic Transfer.... Bank, on damand,
182.
1827