April 28, 1897.1
stocks cannot in consequence be disposed of, combined with the fluctuating exchange, there has been very little business done during the past week. The Japan markets are in an equally bad state, so that we may expect the same lack of interest until the stocks on hand have been worked, and the dealers see that they must pay the enhanced bone prices. Metals. During the week an order for 200 tons of Hard Spelter has been sent house, and although the price has not been wado public, we hear that it was just over £15. 100 to 150 tons L B. Lend changed hands
·'at Tls. 5.85 to 5.90..
JOINT STOCK SHARES. HONGKONG, April 27th.-The market has continued quiet with no special feature to report. BANKS.-Hongkong and Shanghais have ruled somewhat erratic between 173 and 175 per cent prem. with sales at both those rates and at 174 per cent prem. The business, how- ever, has been limited and confined chiefly to small cash transactions and small sales at equivalent rates forward. Market oloses with sellers at 174. The rate in London continues at £40. Nationals and Bank of Chinas continue on offer without business at quotations.
MARINE INSURANCE. Continue dull and inactive with little or no business at quotations, except in Straits which have found buyers at $19 in small lots, and Cantons, which have ohanged hands in small lots at $184 and $185.
FIRE INSURANCE.-Hongkongs_remain_ne- glected and weak, the lower rate of $350 at which shares an offering still not inducing buyers to come forward, Chinas have been negotiated at $101 and $102 and close with sellers at $101.
SHIPPING Hongkong, Canton and Macaos have ruled quiet but steady at $35 to $351 with small sales for cash, at $35 and $353 for May, and at $36 for June, closing with sellers at $351. Indo-Chinas changed hands in the early part of the week at $48, at which they were in good demand until the receipt of news of the stranding of the Yiksang when they ex- perienced a slight set back to $47; at time of closing, on account of the steamer having been got off shares are rather firmer and could be placed at $47 to $473.. Douglases came in to sudden demand in the early part of the week and changed hands in fair quantities at $59, $594, and $60, until the action of the Govern- ment in prohibiting passengers from Swatow and Formosa to land here ou account of the plague acted as a check and stopped all dealings; at time of writing, however, shares are firmer and China Mutuals are could be placed at $60. still enquired for at quotations and China Manilas have changed hands at $69.
REFINERIES. Chinia Sugars have improved and have been dealt in at $134, $135, $136, $137, and $138, closing steady at last rate. Luzons, with no shares obtainable at last rate quoted, have further advanced to $473 with small sales only, the majority of holders refusing to part at this rate.
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CHINA OVERLAND TRADE REPORT.
LANDS, HOTELS, and Buildings.-Hong kong Landa continue to rule very firm and a fair number have changed hands at $78 and 8781, closing steady to strong. Hotels, with a con tinued demandat$38 and no sellers, have advanced to $39 with sales and close firm at that rate. West Points have been vainly enquired for at $19 with apparently no sellers under $20. Humphreys Estates and Kowloon Lands have changed hands at quotations.
L
MISCELLANEOUS.-Green Islands have con- tinued steady at $29) and $30 with fair sales. Watsons have changed hands at $124 and | close in demand at that rate. Electrics have found buyers in large lots at $8, $8.10, and $8.15, closing steady at the latter rate. Ropes have been negotiated at $155, Ices at. $110, and Tramways at 974. Shanghai Cotton Mills have improved all round with sales at quotations.
Closing quotations are as follow:--
PAID UP.
COMPANY,
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 H. H. L Tramways. Hongkong Hotel Hongkong Ice
H. & K. Wharf & G... Hongkong Rope... H. & W. Dock Insurances- Canton... China Fire China Traders'
Hongkong Fire North-China
Straits....... Union Yangtaze Land and Building-
H. Land Investment. Humphreys Estate... Kowloon Land & B. West Point Building Luzon Sugar Mining-
Charbonnages Jelebu New Balmoral
Do. Preference Oliver's Mines, A.
Do.
1
Punjom
B....
Do. Preference... Raubs
China and Manila China Mutual Ord... Do. Preference... Douglas S. S. Co. H., Canton and M... Indo-China S. N. Wanchai Wareh❜se Co. Watson & Co., A. S.
MINING--Punjoms have been much steadier and in some request, changing hands at $42, $5, $51, and $5 in fair lots. Charbonnages havd found more buyers at $80 and are still Steamship Coys. wanted at that rate. New Balmorals Ordinaries and Preferences Lave been the medium of a fair business at $1.50 and $1.60 and close steady to strong at $1.60 and $1.75 respectively. Jelebus have been done at $2.35 and $2.25, closing quiet. The report for the half-year shows a loss on working account of $20,006.48, which the directors propose to carry forward,
debit balance
to thereby increasing the $26,792.50. Raubs have ruled in strong and steady demand with sales at $16, $17, $171, $18, $183, and $183. Olivers A are on offer at $17 without finding buyers, whilst B's have changed hands to a fair extent $63 and $61 cum new issue, closing steady $61 ex new issue.
DOCKS, WHARVES, AND GODOWNS.-Hong- kong Docks ruled firm in the early part of the week and shares were difficult to obtain at 247 per cent, prem: Later, however, with a few settlement shares offering, the rate fell to 245, and a forced sale at 244 per sent. prem, was effected. On time a few transactions have been negotiated at rates equivalent to 247 per cent, prem, cash. Kowloon Wharves have found further buyers at $65 and Wanchais at $481.
prem,
QUOTATION. [$342.50, sal. & $125 174 07 £5 nominal £1 10s. nominal
£1 £5, buyers
£8 $22,
sellers
£1
$20
£1
$9, sellers
$50
(in liquidation),
$10
$, sales
$20
$3
$100
$137, buyers
$5 (in liquidation).
$5 $5, nominal
$25 $291, sales
398
current, T'ls. 36 for the 31st May, and Tla, 363 for the 31st July. The news that the " Yiksnug" is ashore near the Shimonoseki Straits, makes the market weak, with sellers. Sugar Companies.— Perak Sugar Cultivation sbares are wanted at Tis, 25. China Sagar Refining shares were placed locally at $133, and sold to Hongkong at the same price. Luzon Sugar Refining shares were sold at- $43, and to Hongkong at $45. Docks, Wharves and Godowns. Shares in Boyd & Co. bare changed hands, and a few are offering, at Ti«, 210; S. C. Farnham & Co, shares have been placed at Tls.. 185 cash and Tis. 190 for the 30th June. Shanghai and Hongkew Wharf shares have been sold at Tls. 119 and Tls. 120. Lands-Shanghai Land Investment shares were sold at Tls. 90. Industrial.-Major Brothers shares have been placed at Tia. 42. Ewo 'Cotton shares at Tls, 90, Cotton shares at Tls, 100, Lou-kung-mow Cotton Ts: 91 and Tls. 92, and are wanted: International stares at T. 100 and Tls. 103 China Flour Mill shares at Tls. 50. Miscellaneons-Shanghai Waterworks shares were placed at Tls. 800; 8. | Shanghai Sumatra Tobacco shares at Tls. 1673-tó Tle. 170 enshi, Tls. 170 and Tls. 172} for June, Tls. 175 for August, and Tis.. 185 for the 31st October, Shanghai Langkat Tobacco shares at. Tls. 6471 and Tls. 550 cash, Tls. 550 for the 30th April, Tl. 580 for the 31st May, Tls. 580 for the 30th June, Tls, 625 for the 31st October, and Tls, 650 for the 31st December, and Hall & Holtz shares at $40 ex dividend. Loans-Shang. hai Lind Investment Company's 5 per cent. Debentures of 1892 w. re goli at Tls. 102, and the 6 per cent. Debentures of 1894 were sold at Tls. 105, plus the acerned interest in both cases.
$10 $291, sales & buyers $50 $31; sales
£10 $110, buyers $8.58.15, sellers $100
$972, sales
$50 438, buyers
$25 $110, ales & sellers $50 $65, sales & sellers $50 $155, sales & buyers $125 244 p. ct: premi
[$430, sales $50 $185, buyers $20 $101, sales & buyers
$20 $194, sellers
$25 $230, sellers.- $60 $165
$50 $78, sales & buyers $109.75, sales & buyers $30 $16
CLOSING. QUOTATIONS.
TUESDAY, 27th April,
EXCHANGE.
ON LONDON.-
Telegraphic Transfer
Bank Bills, on demand
Bank Bills, at 30 days' sight
.2/0.
.2/0.3
2/0
2/01
Bank Bills, at 4 months' sight.20 Credits, at 4 months' sight
Documentary Bills, 4 months' sight 2/0§
ON PARIS.
Bank Bills, on demand
Credits, at 4 months' sight
ON GERMANY.—
On demand
1.2.53
2.57
$25
$78, sellers
2.05
$50
$350, sales & sellers
ON NEW YORK.-
£25
Tls. 188, sales & b.
Bank Bills, on demand
Credits, 60 days' sight
501
ON BOMBAY.—
Telegraphic Transfer....
.160
Bank, on demand. ON CALCUTTA.→→
.1604
Telegraphic Transfer. Bank, on demand..
.160.
.160
ON SHANGHAI.-
Bank, at sight
.72%
Private, 30 days' sight.
.731
ON YOKOHAMA.-—
On demand
4 % pm.
..9 % pm.
1% pm. ..9:79
.50.25
$40 $19.75 $100 $47, sales
Fcs. 500 $80, sales & buyers
$5$2.25, sal. & sellers $1 $1.50 sales $1 $1.75, sal. & buyers $5 $17, sellers $23$61, sales & sellers $4 $5, sales & buyers $1 $1.30 sal. & buyers 13s. 10d. $18.25, sal. & sellers
J. Y.
$50 $69, sales & buyers
£5 £2 59. £10 £7, buyers $50 $60, sales & buyers -$15 $35, sales & sellers £10 $474, sales & buyers $37 $43, sales $10 $121, sales & buyers V. VERNON, Broker.
SHANGHAI, 23rd April.-(From Messrs. J. P. Bisset & Co.'s Report.)-Business has been rather brisker this week, and prices. nave been well maintained. Banka.-Hongkong and Shanghai Banking Corporation.-A fair business has been done locally at 175 per cent. premium to 1724 per cent, premium, closing at 173 per cent. premium. and to Hongkong at 174 per cent. premium, There are buyers there at the same price. There is no business to report in other Bank shares. Marine Insurance.Business has been done 'in Unions at $240, North-Chinas at Tis. 190 and Tls. 1924, Yangtszes at $165 cash, and $165/166, for the 30th current and Straits at $19, and to Hongkong at $20. Fire Insurance. China Fire shares were sold at $101. Shipping-Indo-China S. N. Co. shares have been sold to a fair extent at Tla. 35 to Tls. 841 cash, Tis. 341 for the 80th
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ON MANILA,—'
On demand
ON SINGAPORE.
On demand
SOVEREIGNS Bank's Buying Rate GOLD LEAF, 100 fine, per tael
TONNAGE.
SHANGHAI, 23rd April (from Messrs. Wheelock & Co.'s report.)-Now that the termination of the "Conference" year is close at hand, both for London and New York, it may be interesting to anticipate what the future will bring forth. It is highly im- probable that the New York agreement will be renewed on the former basis, and rumours of changes: in the London syndicate, as regards Continental ports, would point to a prospect of lower rates in the coming new season, Opposition has always been talked of and threatened as each year draws to a close, but so far nothing of much importance has turned up. Now, however, we think the "plain sailing" of the past few years is likely to be some- what upset, though what shippers ask for is that a reasonable rate should be established and maintained rather than that rates should be chopping and chang- ing and always uncertain. Coastwise: Prices in produce having deelined at Newchwang, a fair de- inand has been experienced for tonnage, and settle- ments have been made at 21 to 22 cents to Kobe From Japan, coal freights have still further advanced, and as high as $2.35 has been offered for a steamer from Nagasaki to this, but refused. For London viá Suez-The three departures during the fortnight have been more than able to supply all the demands of exporters, while ample tonnage for current requ
require-