146
METALS
Iron-Nail Rod
•
Square. Flat Round Bar
Swedish Par-
Small Round Rod
Hoop...
Old Wire Rope
Lend, Australian..
per picul 3.15 to
10
to
to
10
to
5.65 to
Yellow Mtal—Mantz. 14/28 oz.27.00 to Vivian's, 16/32 oz.26.50 to Elliot's, 16/28 ez. 26.50 to
Japan Copper, Slabs Tin.
Tin-Plates
Steel
SUND 118
Quicksilver
Window Glass
Keroseno On
to to per hor 5.10 to per cwl. case
4.30 to
per picul 100.00 to
per box 3.50 to per 10-gal. cafe 1.9) to 1.02
Shanghai, 13th August.-(From Mesars. Noël, Murray & Co.'s l'iece Goods Tradu report.)- There ar few sales to chronicle this week, but nevertheless the period under review has been of some interest to those in the trade, as the position has now become peculiar. The excit ment ruling on the Manchestr and Liverpool markets, as advised in our last, has become more Ironounced, and while it has made much too sudden au appearance to suit importers it has certainly male buyers gin to think abot laying in their Spring supplies, which they thought, nutil recently, would easily be obtained under the prices ruling during the past six weeks. It is as difficult as over from the particulars to hant to assign any reason for this unexpected rise in Cotton, but the fears of a drought to the new crop at the probable short supply of available cotton in Liverpool during the next three months appear to be the chief causes of There is no doubt that the Chinese lehlers have been s'artled by the sudden change in the position of things and the'r situation is rendered all the more annoying by the appearance of an unwelcomed drop in Er- change. There is little doubt had the latter factor been out of the way some business would have been done during the week for delivery next spring. News from the Outporis is much better aud it is admitted that fresh orders, especially for Enlish Dril's, have been received from the Northern markets, but these, so far, have been filled from the native holders bere, the few enquiries that have been made to Importers resulting in offers that hal to refused. From Szechun advices are also much
the morquent.
THE HONGKONG WEEKLY PRESS AND
better, 8.4- Gry Shirtings bing specially asked for from this quarte.. There is no change to report in any of the other Outports. Both the New York and Manchester markets are higher and it is difficult to get the refusal of firm offers in hand for any lengthened period, but it is probable that matters, may be adjusted Booner than expected, as the market here is in a very soun cendition and dealers, as indicated above, are more inclined to buy than to wait-much longer. The latest quotation for Cotton is (d. It has been reported during the week that the Chinese Government will endeavour to charge 10 per cent, ai valorem duty on all goods manufac tured in China by machinery. This rumour comes
from Chinese sources and emanates no doubt from Li Hung-chang's present visit to England, one of the objects of which is to submit a scheuse for an increased tariff on imports. In the event of a reciprocal concession by the Chinese Government in abolishing Likin and Transit taxes the scheme should berent trade and those conditions should be strongly enforced by those in charge should a Treaty be ariang d.
«M«tals —(From Messrs Alex. Birlfeld & Co.'s report.-1th August:-The general tone is dull, and importers in all lines are complai. ing sorely of the slackness of trade. Dealers make their daily rounds of enquiry, but purchases are very few and far between. Metals receive almost no attention. Lead,-Austr lian has been sold at Tle. 6.0 ex godown, and L.B. is quoted at Tls. 5.15 witl out sa es resulting. Nailrods continue to r c ive no attention. Importers report I wer rates and a tndency downward at home. The Hanyang Rods and Bars:have been placed with a native iron merchant to sell on behalf of the ironworks. Iron Wire has advanced and a further rise may be expected. Wire Nails.—Quotations continue firm at about Tls. 3.5" to Tls. 3.55 for No 6/16, assorted, but local stocks are to be lac
at Tls. 3.45: Cop, er Sheathing.--60 cases, 14 oz. an up, have been sold from stock at Tls. 21.20. Galvanised Iron.-The demaud for roofing con- tin es, but rates here have not yet reached the level attained at home, where, a sharp rise has been established. No sales are reported at present.
14
August 19, 1896.
me
end
per cent.
rule dull with shares of 31st and for months been effected at 1931 and of the month in small lots and at prem. for February. We underst are full of good work, but the -disappointment at the failure tiations for the new Admiralty JÓINT STOCK SHARES. HONGKONG, 18th August.--Business has been the effect of weakening the stock fairly active during the week under review, degree. Kowloon Wharves during the -although, beyond a sudden demand for and art of the week ruled very dull an scarcity of Hongkong and Shanghai Banks hands at $54; towards the close, howe we have nothing of any importance to chronicle. demand setting in the rate rose with
BANKS-Hongkong and Shanghais after number of sales to $541 $55, and $55), at w ruling quiet during the early part of the week latter rate shares are still in demand. W at 191 per cent. prém., at which a fair number have also been enquired for and rule firm at changed hands, on the eve of the general meet- $45. ing held on the 16th inst. suddenly came into strong demand and no shares were obtainable, even at an advance of 2 per cent. One small parcel is reported to have changed hands at 193 per cent. prem. for the end of the month,
|
but outside this we have heard of no sales and at time of writing, although buyers are willing to operate, sellers hang back and shares are very difficult to obtain except at an advance. Market closes at 1844 ex div. At the general meeting of shareholders held on the 16th inst, the Chairman in his speech stated that the profit on the issue of the last Chinese loan was not included in the profit and loss account but would appear in future balance sheets; also that a profit of £25,582 on a partial realization of Cousols would be dealt with during the present half year. The speech, which contained much other interesting in formation, may be found in extenso in the local papers of the 16th and 18th inst. Na- tionals continue neglected with sellers and no sales at $28.
MARINE INSURANCES.—(
-China Traders' have ruled much quieter, offers to sell at $803 meet- ing with no response. Unions, Cantons, and the Northern Insurance Stocks continue very quiet and beyond a few small sales of the latter at quotations we have nothing to report.
FIRE INSURANCES.-Hongkngs have again gone back to $332 after small sales at that, | $331, and 1333; at the last rate ($331) a fair number have changed hands and a small gale is reported at 8330; market at time of closing has recovered to $3321. China Fires have continued more or less neglected, $95 failing to find buyers.
SHIPPING. Hongkong. Canton, and Macaos have remained steady and unchanged at $334 buyers and $3 sellers; small sales at both rates have taken place, but at time of closing sellers at $334 rule the market. Indo-Chinas with the market flooded with shares from | Shanghai have further declined to $49, at which rate after sales shares are still obtainable. In the early part of the week a few shares changed hands at $50. Douglases have been negotiated in unimportant lots at $644 and $65. closing steady at the latter rate. China and Mauilas have been enquired for at $70 and 871, but sellers refuse to part under $72, at which rate they close steady. China Mutuals continue out of the market.
REFINERIES.-China Sugars have further improved with sales at $110, $111, and $111; at time of writing shares are in some small demand for the settlement on the 31st at $111. Luzons have weakened to $65 without business.
MINING. A few Punjoms have changed hands at $14.25 and $14.50. The Cyanide plant is now again in working order and results may be expected about the 10th September. The directors have decided to order ten new stam. pers, which will be paid for out of profits and should when working materially increase the gains. New Balmorals and Olivers have re- mained neglected and we have heard of no sales; notice has been issued to shareholders in the former Company of a meeting to be held on the 1st September, at which it will be proposed that the general management passes from Mr. G. R. Stevens to Messrs. J. D: Humphreys & Son, and that several articles of association be altered and eliminated. Raubs are still in request at $5.25, but no shares seem obtainable under $5.50 and we have heard of no sales.
DOCKS, WHARVES, AND GODOWNS.-Hong. kong and Whampoa Docks have continued to
LANDS, HOTELS AND BUILDINGS. Hong. kong Lands have continued very steady at $75 and $74, with sales! Hotels after further small sales at $30 close with buyers at $29 and sellers at $30. The Company's report for half year shows a profit of $22,024, all of which (except $25.60 carried forward) the directors propose to write off furniture account. West Points could be placed at $18, but we have heard no sales. Humphreys have again changed hands in fair lots at $9.
MISCELLANEOUS.-Green Islands have been in some demand and have changed hands at $17 and $171; more are wanted, but are unobtainable at the rate. A. S. Watsons have found small buyers at $12.75 and more could be placed; at the rate of $13, however, a fair number of shares are obtainable. Electrics have changed hands at $6.85 and $6.90, ¡Ropes at $125, and Fenwicks at $28. Ewo Cotton Mills are on offer in small lotss at Tls. 85.
Closing quotations are as follow:-
COMPANY. ¿PAID UP.¡ QUOTATIONS.
[8365.62), & sel, $125 184 pr. ex.d.
nominal
Banks-
Hongkong & S'hai... China & Japan, prf.
Do. ordinary... Do, deferred... Natl. Bank of China!
B. Shares Founders Shares.. Bell's Asbestos E, A.... Brown & Co., H. G....! Campbell, Moore & Co. Carmichael & Co. China Sugar Dakin; Cruicks'k & Co. Dairy Farm Co.. Fenwick & Co., Geo.. Green Island Cement...! H. & China Bakery Hongkong & C. Gas Hongkong Electric
II. H. L. Tramways Hongkong Hotel Hongkong Ice
H. & K. Wharf & G... Hongkong Hope.... H. & W. Dock
Insurances-
Canton... China Fire China Traders' Hongkong Fire North-China Straits Union Yangtsze. Land and Building-
H. Land Investment. Humphreys Estule..... Kowloon Land & B. West Point Building Luzon Sugar Mining—
Charbonnages..!.....
Jelebu
New Balmoral Oliver's Mines, Ar.
Do. Punjom
.B.
Do. Preference..... Raubs
steamship Coys.-
China and Manila China Mutual Ord..... Do. Preference.... Douglas S. S. Co. L., Canton and M... Indo-China S. N. Wanchai Warehisa Co. Watson & Co., A. 8 ..
0 /
£1108 nominal
£1.£2, buyers
£8 $28, sellers $100 nominal
£1
1.55.
$50
$6, seller
$10 $6
$20
$3
$100
$111,ml. & buyers
$5 $1, nyers
$10
$5
$25
28, sales & bayers
$10
17, sales
$50 $30
£10 $110, buyers
$36.95, buyers
$100 $96
$50 +29, buyers $25 $105, sales
$5056, sellers
$50
$125
$125
193 p. ct. prem.=
$50
[$336.25, sales
|$200, sellers
$50 - 595, sales & sellers
$25
$50
£25.
801, sellers
3324, buyers
s. 1924, sellers.
$2027, sellers
$25 $2324, beffery » $60
$145
$50 $74), sales
$109, sales & sellers $30 $40 $18
$18, buyers
$10065, sellers
Fes, 5002)
$5 $2.90
$3
$2.50, sellers
$57, sellers
$24 $3.50, sellers
$4 $14.25, sal. & buyers $1 $3.70
188. 10d. $5.35
+
$50 $71, buyera
£5
£3, sellers
£10
£8:10, sales & sellers
$50
$65, sales & buyers
$15
$38.25 sellers
£10 $49, sales
$37) $45, buyerd
$10 $12.75 al & buyers
CHATER & VERNON, Share Brokers.