350
Malwa -Owing to an improvement in the de- mand, prices have ruled slightly higher during the interval. Current figures are as follows :——
New
....$750 with all'ance of 0 to 44 cls.
# to 1
"
21
0 to 1 0 to 1
"
To-day's stocks are estimated as under:-- New Patna
Old Patna
**
.1,209 chests
735 404
15
"1
THE HONGKONG WEEKLY PRESS AND
60
see a prospect of clearing out the bulk of the supplies they have indented for before the autumn trade sets in, and are accordingly taking advantage of the opportunities as they occur of Old (2/3 yrs.).$760
booking cheap parcels to arrive towards the end (4/5 yrs.). 770"
of the summer. So far American makes are (6/8 yrs.).$780
presenting the greatest inducement to operators, Persian.The market has continued sluggish, the priodical fit of weakness, that has charac- scarcely any sales having taken place during the terised producers in the States, at Intervals past week. Prices are weak and on the decline, during the past few years, having once more set latest figures being $630 to $665 for Paper-in, to the embarra ament of both native and wrapped and $600 to $630 for Oily according to foreign holders here. It can scarcely be called quality.
playing the game,'
,” and must be detrimental to the successful development of their trade in the long run. Some fairly large parcels have been booked during the interval at prices which lay them down here considerably under current quotations naturally causing a weaker feeling all round. Manchester has shown no sign yet of following suit, business in those makes being com aratively quiet, but the few transactions that have gone through prove the ability of the dealers for paying up when the goods are wanted. In spot cargo slightly more enquiry has been met with at fairly steady prices, but it said that goods are being resold at a decline, which can easily be stood in the case of many that were settled five or six months ago. The drop in Exchange this week has no doubt prevented more business going through, as the dealers are not disposed to raise their prices accordingly. At auction, in fact, the tendency has been downwards, notwithstanding more reasonable quantities have een forced off. That the markets are better at the outports is 750,760 770/750 shown by the improvement in deliveries, Prints and Dyed goods continuing to attract considerable
New Benares
Old Benares
Malwa
Persian
92 285
71
.1,502.
""
COURSE OF THE HONGKONG OPIUM MARKET.
PATNA,
BENARES.
DATE.
New.
Old. New. Old.
1896. April 15
$ 7421
8 $ 760 730
$
790
April 16
745 765 7324
790
April 17,
7424 1765 730
790
April 18
740
765 727)
790
April 19
740
765 7274
790
April 20,
735
760 725
730
790 April 21
757) 720 790 April 22 730 755:
717 790
MALWA.
Old.
$
Now.
$ 750/760,770,780 750/760:770/780 750,760,770,780 750 760,770/780 750-760 770 780 1750 760 770.780 750 760 770/780
COTTON. HONGKONG, 22nd April.-A steady basiness has been done during the past fortnight, at former rates, in Bengal Cotton. Stocks: Bengal, about 5,000 bales, Ningpo about 100 bales.
Bombay
$12.00 to 16.00 p. pl.
· 12.00 to 15.50 15.00 to 16.00 19.00 to 21.00 19.00 to 19.50 13.00 to 17.00
Kurrachee
Bengal, Rangoon, and
Dacca
Shanghai and Japanese.. Tungchow and Ningpo., Madras
>"
29
+
Sales: 1,200 bales Bengal, Rangoon and Dacca; 100 bales Tungchow and Ningpo.
Saigon, Ordinary
RICE.
HONGKONG, 22nd April.-Prices have risen a little during the week in sympathy with the Siam market. Closing quotations are:-
per picul. $2.32 to 2.35 2.60 to 2.62 2.70 to 2.73 2,52 to 2.54 No. 1 ...
2.82 to 2 81 3.12 to 3.15 ...: 3.27 to 3.30
#1
11
Round, good quality
Long.
Siam, Field, mill cleaned, No. 2
"
Garden,
White
Fine Cargo
COALS.
་་་་་་
HONGKONG. 22nd April.-Market continues dull; sales of 4,000 tons Japan at $4 to $5 is reported. Quotations are:-
Cardiff
.$12.00 to ex ship, nominal. Australian
7.00 to 7.25 ex ship, nominal. Miike Lump... $5.60 to 5.75 ex ship, nominal. Mike Small... 4.85 to
ex ship, do Moji Lump 4.00 10 5.50 ex ship, nominal,
MISCELLANEOUS IMPORTS.
HONGKONG, 22nd April.-Amongst the sales reported are the following
YARN AND PIECE GOODS :-Bombay Yarn.-880 bales No. 10 at $70 to $70.50, 615 bales No. 12 at $72.50 to $76.50, 520 Lales Nr. 16 at $84,50 to $91, 1,420 bales No. 20 at $72 to $91. Grey Shirtings.-750 pieces 10 lbs. Blue 5 men at $3.70, 300 pieces 84 lbs. Blue Fish at $2.32). White Shirtings.-500 pieces X át 34.20, 750 pieces No. 600 at $4.05, 1,500 pieces Peacock at $3.20, 1,600 pieces Flower at $4.55, 753 D. F. at $4 60, 750 pieces Gold Elephant at $3.45, 500 pieces Gold Goose at $3.95, 503 pieces B. S. at $4.30. T- Cloths.-375 pieces 7 lbs. Mexican Crown at $2.271, 750 pieces Mexican Red Stag at $2.30. Drills.-150 pieces 16 lbs. Large Engle at $5.20. Black Velvets.-600 pieces 22 in. Green Dragon at $0.204.
SHANGHAI, 16th April.-(From Messrs. Noël, Murray & Co.'s Piece Goods Trade report.)— The market is in a transition state at the moment, there being a much better enquiry for certain classes of goods for forward delivery; at the same time there is little or no improvement in the demand for spot cargo. The dealers evidently
attention.
ON
[April, 28,-1896.
CALCUTTA-
Telegraphic Transfer
185
Bank, on demand.
.186
ON
SHANGHAI.
Bank, at sight
::717
Private, 30 days' sight..
.724
ON YOKOHAMA,~~-
On demand
.1% pm
MANILA.--
On demand
............
.16% pm
.1% pm. ..8.97
..46.75
ON
ON SINGAPORE.-
On demand SOVEREIGNS, Bank's Buying Rate GOLD LEAF, 100 fine, peratael.
JOINT STOCK SHARES. HONGKONG, 22nd April-The market has ruled slack since the date of our last and we have nothing of any importance to report Rates generally have weakened and the market closes quiet at quotations.
BANKS.-Hongkong and Shanghais have continued to rule dull, and we have no sales to report; shares are obtainable at 188 per cent. prem. Nationals have found buyers at $304 and $31, closing with sellers at the latter rate.
MARINE INSURANCES.-China Traders in the early part of the week came into demand and sales were effected at $79; and $80; at one time the demand for shares at $80 was not met by sellers, but at time of closing they are obtainable at that rate. Unions have again been dealt in at $212 and $213, closing with sellers at the latter rate. Cantons have chang with sellers from the north has both gone ed hands at $200. North-Chinas and Yangtszes
back, and shares are obtainable at Tls. 225 and Straits after ruling firm $160 respectively. during the early part of the week at $291 to $30 have declined to $29 with sales and sellers.
SHIPPING. Hongkong, Canton, and Macaps continue quiet with sales at $334, closing weakish at that rate. Indo-Chinas with shares offering freely from Shanghai have ruled weak, with sales at $69, $68, $671⁄2, and $67; market closes at $67 sellers, and $66 probable buyers. China and Manilas have advanced to $68 with sales and buyers. Douglases have ruled in fair demand resulting in sales at $52, $521, $53, $534, and $54, closing with sellers at the latter rate. China Mutuals continue on offer at quotations without business.
Metals.(From Mr. Alex. Bielfeld's report.) 17th April:-The general tone of the market continues to be dull and quiet, and dealers are very disinclined to order for future requirements, as stocks both here and in the North are ample, whit the demand from consuming centres is small. Sales from stock continue, but faggingly, and even the indent business in Sundries is quiet. FIRE INSURANCES. Both Hongkongs and Lead.-Sales have been made of L.B. nt £12 28. 6d. Chinas have experienced a set-back, consequent c.i.f., and there is no further change to report. on selling orders from Shanghai, and we have to Nailrods pud Bar Irons are still neglected, and report sales of the former at $335, $330, and $325, the advance on the other side is regarded by and of the latter at $95, $94, $93, and $92, natives with complete indifference, as their hold-market closing in both cases weskish. ings and their purchases yet "to arrive are ample to meet any wants during the next two months or so. Sohiers Exp, is quoted to-day at 120s. c.i.f., and other brands are about the same figure. Copper and Yellow Sheathing-Sales have been made at current rates, and contracts have beep issued for 50 cases Ccpper Sheathing. Spelter. Some 150 to 200 tons Hard Spelter have been placed at about quotations. | Nickel.— Contracts have been made, but details have not yet leaked out. Tinplates.-1,600 to 2,000 boxes I.C.W. have been done at Tls. 3.274 to Tls. 4.00, ex godown, "to arrive.” Old Iron, &c.-Very little has been done, several offers, wired home, have been refused for higher prices, and dealers are rather at a loss to account for the steady firmness of the home market at raling rates, but year's figures will not be seen again, for some are gradually coming to the conclusion that last
time at any rate. 100 tons Scrap is said to have been booked at 70/6, c.i.f., and contracts for Tyres, Boiler Plates, and Shoes have also been settled at an advance ou last prices. Indent business is rather dull, and sales reported are few and of little importance. With the fairly steady exchange it only requires a little brisker demand with better reports from the North and river districts to encourage natives to begin buying again in earnest.
CLOSING QUOTATIONS.
EXCHANGE.
.2/2} 2/24
ON LONDON.
Telegraphic Transfer Bank Bills, on demand Bark Bills, at 30 days' sight Bank Bills, at 4 months' sight Credits, at 4 months' sight Documentary Bills, 4 months sight 2/24 PARIS.-
2/23 .2/24
ON
Bank Bills, on demand Credits, at 4 months' sight ON GERMANY.—
.2.75 .2.81
On demand
2.23
ON NEW YORK-
Bank Bills, on demand
.53€
Credits, 60 days' sight
.547
ON BOMBAY
}
Telegraphic Transfer.
185
Bank, on demand,.
..186
|
REFINERIES-China Sugars continue neg- lected with falling rates, and shares are obtain. able at $123. Luzons have also experienced a set-back to $66, without business.
MINING-Punjoms.-The firmness reported in our last continuing rates gradually rose with sales at $113, $12, $12, $13, and $13 to $14, at which last rate market closes steady, but with a few sellers. Balmorals with the reported failure of the London negotiations have ruled decidedly weaker, and after sales at $2.90, $2.80, and $2.70, shares are obtainable at $2.25. Jelebus have ruled steady at $3.75, But- sellers at that rate rule the market. Raubs have been in some request and have changed hands in fair lots at $5.75, closing steady. Olivers have found buyers at $6 and $3 for A and B shares.
DOCKS, WHARVES, AND GODOWNS.-Hong- kong and Whampoa Docks have fully main- tained the position reported in our last and sales were effected at 180, 181, and 182 per cent. prem. in the early part of the week; later, sales at 180 and 181 are reported, market closing firm at the latter rate. On time shares have changed hands at 187 for June, 193, 192, and 191 per cent. prem. for August. Kow- loon Wharves have changed hands at $47 and $474, and Wanchai Godowns at $39.
LANDS, HOTELS, AND BUILDINGS.-Lands. have ruled weak and after small sales at $724 are obtinable at $72. Hotels and West Points have changed hands at quotations.
MISCELLANEOUS.-Sales have taken place of Green Islands at $16 and $154, Watsons at $13 (closing strong), Electrics at $7:25 and $7, Ropes at $120, Fenwicks at $26, Ices at $106, and Tramways at $95.