4060
Steel.... SUNDRIES
per owt: case
to **** 5.20.
Quicksilver ............................................129.00 to
Window Glass .......................................FIKE
Kerosena Oil
per picul
per box 8.85 to
A
THE HONGKONG WEEKLY THESS AND
HONGKONG, 19th May The market has | ruled fairly active and rates steady without any special feature to report.
2
BANES-Hongkong and Shanghais con- tinuing in demand gradually went up to 186 per cent. prem. after small sales at 183, 184, and 185 for cash, and at equivalent rates on per 10-gal. cate time, chiefly for August and September; at time of writing shares are obtainable at 185 per cent. prem. The latest London rate is 41. Nationals and Bank of Chinas are still neglected with sellers, but no sales or buyers.
MARINE INSURANCE.—Have all ruled dull and neglected and beyond small sales in the North of Yangtszes, North Chinas, and Straits at quotation and at $191 there is nothing to report.
2.07) to
SHANGHAI, -13th May -(From Messra, Noël, Murray & Co.'s Pie Goods Trade Report). There would be nothing to complain of in our market if only Exchange were a little higher and steadier, as reports from all sides are undoubtedly favourable, but prices seem to have about reached the limit at which gonds can be distributed with any freedom. Importers appear to be realising this and prefer to keep their chops in the market to holding for the remote chance of obtaining -replacing "onst. Hence there is more doing in spot cargo, at prices that do not show an advance at all adequate to the level to which Sterling rates have now dropped. Towards the close there is certainly a slight recovery, but this only serves to choke off would-be buyers, or cau es them to offer lower prices, out of all proportion with the advance. So far us gonds in first bands are concerned the lighter weights of Grey Shirt- ings fare in shortest supply and are attracting most attention, but holders are unable to get the buyers to pay up even for these. Forward business in Manchester makes is much restricted, but some air lines, of the commoner grade chiefly, of American fabrics have been settled at very cheap prices, comparatively, during the interval. The advices from Tientsin are better for English goods, which have improved some two to three candareens, but American makes are unchanged. Newchwang ia gradually im. proving and some goods have been taken for that market during the week, notably Amer can Drills. ('nefoo is quit but steady. Soipments to Hankow are slacking off, business there being much interrupted by the heavy and continuous rains, but prices keep steady. Local Industry.- A few bules No. 14. of the Yarn produced by the Ewo Cotton Swinning and Weaving Co., Limited, bave been placed on the market this week, and sold at Tls. 70j in bundles, ex duty, for local consumption. The Yarn is very similar to that turned out by the other Mills.
Maris.-(From Messrs. Alex. Bielfeld & Co.'s Report) 14th May:-The market rates have at last come up to home figures, but there is little beyond the usual orders to fill contracts. A few contracts have been done as and r, and the seem to show that we may expect better business in a short time :-250 cases Copper Sheeting at Tls. 28 to 28.50, 800 tons Old Cart Tyres at 94- to 958., o.i.f. 150 cases Yallow Metal Sheathing have been done at sterling rates, and about .00 tons old materials, such as round iron, horse-sho:8, boiler plates have been done at private terms.
CLOSING QUOTATIONS.
WEDNESDAY, 19th May. EXCHANGE.
ON LONDON.-
Telegraphic Transfer
.1/113
Bank Bills, on demand
.1/1118
Bank Bills, at 30 days' sight
‚1/117"
Bank Bills, at 4 months': sight
11/11 18/0
Credits, at 4 months' sight...
2/01
Documentary Bills, 4 months sight 2/0
ON PARIS.-
Bank Bills, on demand
2.49
Credits, at 4 months' sight
.2.53
ON GERMANY.—-
On demand
ON NEW YORK.-
Bank Bills, on demand
481
Credits, 60 days' sight
491
ON BOMBAY
Telegraphic Transfer.
.164
Bank, on demand..
ON CALCUTTA,——
Telegraphic Transfer.
.164
Bank, on demand...........................
1641
ON SHANGHAI.——
Bank, at sight
.727
Private, 30 days' sight,
.730
ON YOKOHAMA,
On demand
ON MANILA.
On demand
ON SINGAPORE.-
On demand,
SOVEREIGNE Bank's Buying Rate-
GOLD LEAF,-100 fine, per tael
184)
% pm
.6% pm.
§% pm. .9.94 ..50:50
FIRE INSURANCE-Hongkong Fires have found buyers and have changed hands in small lots at $352). Chinas continue out of favour with only small sales at $102 and $101, closing with sellers at the latter rate.
SHIPPING.-Stocks have, with the exception of Douglases, ruled dull with but little or no business. Hongkong, Canton and Macaos have again been offering all the week at $351 without attracting buyers, and small sales are reported at $35. Indo-Chinas after further small sales at $52 suddenly jumped to $54 without much business, and at time of closing are offering at that rate. China-Manilas have improved their position after unimportant transactions at $71, $72, and $73, closing steady. China Mutuals are wanted at quotations without finding sellers, Douglases have been the medium of a fair business at $64, $65, $66, and $66), closing weaker with sellers at 65).
REFINERIES.-China Sugars with a small but ste dy demand have gradually crept up to and more or less out of the market with small $142 with sales. Luz ns continued neglected reported sales at 847.
[May 20, 1897?
Islands ruled steady to strong in the early part of the week with fair sales at $37, $38, and $39; towards the end a reaction set in and the rate quickly fell to $6, at which a fair business was transacted; at time of writing the market again shows strength and sales have been effected at $37, $371, $38, $39, and $40 for cash and at $38 and 838.25 for June 30th; a private meeting of shareholders is called for the 20th at which it is understood the advisability of increasing the capital by an issue of new shares at 100 per cent prem, and other business will be brought forward. Watsons and Electrics have changed hands at quotations and Ropes have- advanced to 8165 with sales. Cotton Mills all a show a very decided improvement, and seem to have come suddenly into general favour, Tram- ways can be placed at par,
́MISCELLANEOUS.--Green
Closing quotations are as follow :---
COMPANY, „PAID UP. ; QUOTATION.
[$366.25, sales & s. $125 15% 'prem.
nominal
Banke
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. Fenwick & Co., Geo.. Dairy Faria Co.,
Green Island Cement.... H. & China Bakery Hongkong & C. Gas Hongkong Electric 11. H. L. Tramways. Hongkong Hotel Hongkong Ice
£5
£1 108. nominal
£1
£8
|£5, buyers
521), sellers
£1 520 £1 $9, sellers
$60
in liquidation). $10, sales
142, sales
$20 $100
$5
(in liquidation),
$5
$5, nominal
$25
(20), sailers
$10 540, sales & buyers $00582, »ales vv buyers £10.10, quyers 58 |15,10, sales par, buyers
$100
$50 [41, buyers
5165, buyers .44 pct. prem.===
[$450, buyers
$26
0
5504
อย
LADANY
$125
$50
$185
$20
$101, sales & sellers
$25
£20
$25 του
Cauton.... China Fire China Traders Hongkong Fire Nortti-China Straits Union Yangtsze
Land and Building-
H. Land Investment Humphreys Estate..... Kowloon Land & bl West Point Building Luzon Sugar Mining-
Charbonnages Jelebu
MINING. Punjoms.-The improvement re- ported last week continuing, rates have gradually. & K. Wharf & G risen from 36.40 to $7.25 with small sales at Hongkong kope...
H. & W. Dock those and intermediate rates; another small
Insurances pocket containing 60 oz. of gold was come across in the early part of the week and the written advices from the Mine are much more encouraging, in fact so much so that it is now pretty generally understood no new capital will be required, at any rate for the present. Charbonnages have changed hands at quotation and are still enquired for. New Balmorals with encouraging news from the Mines have been in some demand and have changed hands in fair lots at $2 and $2.20 for preferences, and at $1.90 to $2 for ordinaries. Jelebus continue out favour with only a small business at $2.25. Raubs in the early part of the week were pretty freely dealt in at erratic rates but chiefly at $22) and $22; at time of writing the market is much firmer with sales at $23; shares are enquired for forward but few holders care to part "on time:" Olivers ruled quiet in the early part of the week with A's offering at 818 and B's at $81; at these rates shares changed hands in small lots and later on a good many B's were placed at $81. Towards the end of the week, how- ever, with good advices, both official and private, from the Mines rates suddenly hard- ened and shares came into request ct 820 for A's, and $9 to $9.25 for B's, at which rates› some small transactions were put through and the market closes steady at quotations.
DOCKS, WHARVES, AND GODOWNS.-Hong kong and Whampoa Docks continue more or less. neglected with little or no business; on time, however, at the equivalents of cash rates shares could be placed if forthcoming. Kowloon Wharves have also been quiet and neglected with no business at quotation. Wanchai War. houses are wanted at $434 without bringing
out sellers.
LANDS, HOTELS, AND BUILDINGS.-Hong- kong Lands have ruled somewhat easier with sales at $79 for cash and at $80 for July: Hotels have improved to $41, with sales at that and at $40, closing steady at the former rate. Humphreys Estates have changed hands at
$8.75 and close weak with sellers at that rate,
although there are probable buyers at $81. West Points continue unchanged with no business, buyers offering $19) and sellers demanding $20. Kowloon Lands have changed hands at $16 and are now wanted at $161. |
..
New Balmoral
Do. Preference Oliver's Mines, A.
Do. Punjom
B.....
Do. Preference... Raubs Steamship Coys.—
China and Manila ... China Mutual Ord..... Do. Preference... Douglas S. 8. Co. H., Canton and M... Indo-China S. N. Watson & Co., A. S..... Wanchai Wareh’se Co.
2.7%, belers
003524, sules ..
I'ls. 176, sales & b.
$201, weliers
$230, sellers 104, sales
$5079, sales & sellers: $10, sellers $30 10, buyers $40 $19.75
$10047, sales & buyers
Pcs. 500 $.00, sales & buyers
$552.2, sales
$1 $2, sales
$1$.20, sal. & buyers $5
$20, buyers
$24 $94, sales & buyers
$1 $7, buyers
$1 $1.90, sales
13s. 10d. $23, sales & buyers
$50 $73, buyers
£2 10%.
£5
£10 £7, buyers $50 $651, seilers $15 $5 eller £10 $54, sales $378431, buyers
$10 $13, sales & sellers J. Y. V. VERNON, Broker.
:
{
SHANGHAI, 14th May.-(From Messrs. J. P.✨ Bisset & Co.'s Buport.)—The market has been an active, and that for Banks, Indo-Chings and To. bacco shares shows an improvement. Banks.- A moderate business has been one in this stuck. Hongkong and Shanghai Banking Corporation,
at 180 and 182 to Hongkong, and locally-at 1811: to 1801 per cent premium, for cash, and 185, per cent premium for delivery on the 30th June. Marine Insurance.-North China have been placed at Tls. 185, Yangtszes at $155 and $167)
cash, and $156 and $157; for the 31st current, and ”?
Straits at $18 and $19. Fire Insurance.--Chinos have been placed at $101 both locally and to Hongkong. Shipping.-Indo-China 3. N. Co. shares have been in rong demand, and shares have been changing hands at rapidly increasing