June 3, 1897)
at 29,000 piculs. Steel shows a very marked increase from 3,657 to 12,784, which is probably to be accounted for by the increased demand that is arising for this material in the imitation of foreign goods by the Chinese,
CHINA OVERLAND TRADE REPORT.
443
JOINT STOCK SHARES. HONGKONG, 2nd June. The market has Iruled rather quieter without any special feature, after small sales at $64) and $65. Wanchais 183 and 184 per cent premium. Shares wer
and a fair business has been transacted, but rates have remained steady.
BANKS.-Hongkong and Shanghais have remained quiet with only very small sales at 184 per cent. prem. and at 183 per cent. prem. (a forced sale over the settlements) cash, also at 193 for September. The latest is £41 (by private advices). Nationals but no shares appear to be obtainable at present rates. Bank of Chinas continue out
DOOKS, WHARVES, AND GoDowns, Hong- SHANGHAI, 28th,ny (From Messrs. J. P. kong and Whampoa Docks remain quiet with Bisset & Co.'s Report.)-Business has been active but little business. Small cash sales have been during the week, and with exception of Hongkong effected at 244 and 245 per cent. prem. and at and Shanghai Bank and Indo-China abares, prices equivalent rates for August and September, have been well maintained, and improved in some but whilst the rate continues very steady the cases, notably in. Cotton Mill shares. Banka at market is decidedly dull. Kowloon Wharves Busines opened on the 22nd at 185 per cent
Hongkong and Shanghai Banking Corporation. ruling in steady demand have improved to 865 premium, and cash shares were sold yesterday continue in demand at $434 without finding placed for July delivery at 188 per cent premium. sellers.
Marine Insurance:-North Chinas were placed at LANDS, HOTELS, AND BUILDINGS.-Hong- | Tls. 180, Tls. 155, and 187 and last night at kong Lands have changed hands at $78, but | Tla.. 185, at which shares are wanted. Yangiszes more shares are wanted at the rate and are not were purchased from Hongkong at $165, and obtainable. Kowloon Lands have found small shares changed hands locally at $157), 8 raits buyers at quotation. West Points have changed are quiet at $18 with sellers. Fire Insurance. hands in fair lots at $19.75 and $20, closing There if no change to report. Shipping.-Hong- are offering at $35. Indo-China 8. N. shar38 for the 30th June. The market then weakened were placed at Tis. 39 to Tls. 40 cash, and Tis. 391 and cash shares were sold from Tla. 394 to Tls. 38. On time. shares were sold at Tls, 391 for June, Tls, 39 for July and Tla. 43 for the 28th February, 1898. Sugar Companies.-Perak Sugar Caltiva tion shares were placed at Tls. 291 and Tls. 30, and are wanted. China Sugar Refining shares were placed for July at $147. Luzon Sugar Re- fining shares were sold at 47 Mining-Punjom Mining shares were placed at $8.00. Docks, sold at Tis. 207 for the 31st current. S. C Wharves and Godowns.-Boyd & Co. shares ware Farnham & Co. shares were placed at Tls. 184
London are enquired for in a small way, steady at the latter rate. Humphreys have kong, Cunton and Macio Steamboat shares.fare
of the market.
MARINE INSURANCES.→A few North Chinas changed hands locally and in the North at TIs. 183 and Tls. 185 and a few more small lots are wanted. Cantons have declined to $1821 without sales. Traders continued weak and out of the market at $77, but with buyers at $76. Yangtszes have changed hands up North at quotation, and Straits, which have ruled dull and weak, are freely offered at $184 without leading to business.
FIRE INSURANCES.-Hongkongs have con- tinued steady to firm with small sales at $352, but buyers rule the market at that rate and no shares are óbtainable under $355. Chinas after a long period of neglect have again come into favour and have changed hands in fair lots at $100, $101, $102, and $103, closing steady at the last rate..
SHIPPING. Hongkong, Canton and Macaos continue to be the medium of investment at $35 and $351, at which rates, a fair business has been transacted and market closes firmish at $351 Indo Chinas. With a rumour in Shanghai that the Company will pay no dividend this year the stock has ruled very weak with sellers, and no buyers or sales. Early in the week the Northern Port was an eager teller at $54, which being unobtainable the rate quickly fell without sales to $52, and the market closes at $52 weak. As far as can be ascertained locally there is no foundation for the rumour above referred to, but our Northern friends may be better informed than we are. China Manilas have been placed at the advanced rate of $75 and close steady to strong at that. Douglases ruled quiet in the early part of the week with no buyers at $65; towards the end, however, a small demand not being fully satisfied, the rate rose to $66 after small sales at $65; at time of closing the market is firm with an upward tendency at $66. China Mutuals unchanged without business.
REFINERIES-China Sugars have further improved to $145 after further sales at $143 and $144, market closing with a few lots offering at the first named rate. Luzons have ruled firmer with sales at $471, $48, and 849, closing firm.
MINING-Punjoms ruling in good demand have experinced quite & little boom with fair sales from $7.25 to $10, the market however closing somewhat quieter at $9, with sellers. Rumours of a good crushing of about 700 oz. (for which, however, there appears to be no ground) and favourable reports on the mine by an American expert are the reasons for the boom. Charbonnages continue on offer at $100 without business. Now Balmorals have been in good request and have changed hands in fair quantities at $2.50, $2.60, and $2.70 for prefs and at $2.20, $2.30, and $250 for ordinaries. Jelebus remain quiet with small sales at quota- tion. Raubs ruling with a steady demand have again improved to $29 with but few sales, very few shares being obtainable to satisfy buyers. A demand for July-August meets with no response. The Company's report is just to hand from Australia, the working account showing a balance carred forward of £2,361 17s. 11d. after writing off £1,079 78.4d. from machinery, &e., and paying dividends of £14,250. The report states that the ore reserves now amount to 185,000 tons, which could have been largely increased if it had been found necessary. Olivers have ruled much quieter with sellers and very few sales at $24 for A's and 9 for B's.
-
Islands show
been negotiated to a medium extent at $81, but are now enquired for at $8.75. Hotels, on the strength of the sale of Mount Austin Hotel to the military authorities and the con- sequent removal of a powerful opposition, have jumped considerably and sales have been effected at $43, $45, $47, and $49, market | closing with sellers at the latter rate.
MISCELLANEOUS. Green signs of improvement; after raling weak in the early part of the week, when shares were freely offered at $37 without finding buyers, sales have been effected at $38, $39, and $40, closing steady at last rate. Watsons are wanted in small lots at $123, whilst larger lots are obtainable. Tramways are in demand at $103 to $104 after sales at $101 and $102. All Cotton Mills in Shanghai continue on the up- ward move with sales and buyers at quotations.
Closing quotations are as follow :--
PAID UP.!
|
Banks-
COMPANY.
Hongkong & S’hại... China & Japan, prf.
Do. ordinary... Do. deferred... Natl. Bank of China
B. Shares Founders Shares.. Bell's Asbestos E. À.......... 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 Yangtsze. 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. B
Punjom
Do. Preference... Raube
Steamship Coys.—
China and Manila China Mutual Ord... Do Preference... Douglas 8. S. Co. H., Canton and M... Indo-China S. N. Wanchai Wareh'se Co. Watson & Co., A. &. ...
$125 183
£5 nominal £1 10s. nominal
£1 £5
$211, buyers
Shanghai Engineering and Dosk shares were placed, Ordinary at Tls. 104 and 105, and Foun ders' at TIs. 850, and shares are wanted. Shang- lai and Hongkow Wharf shares were sold at Tis. 120 cash and Tls. 142} for the 31st Angust. A sale is reported to-day at Tls. 1224 ensh. Lands. -Shanghai Land Investment shares changed QUOTATION.
hands at Tls. 90. Industrial.-Ewo Cotton Mill [$353.75, sales & b.
shares were placed at Tls. 107 to 11s. 110 cash, prem.Tis 110 and Tls. 115 for the 31st July, and Tls. 116 for the 31st August. Internationals at at Tla. 112 to Tls. 117 cash, Tls, 1224 for July, Tls. 122 for August and Tls. 125 for September; Laou-kung-mows at Tla. 114 to Tls. 120 cash, Tls. 122 for July, Tls. 125 for August and Tla, 126 for September; and Soy-chee's at TIs. 560 -and Tls.565 cash. Shanghai Ice shares were placed at Tls. 129. Miscellaneous.-In Tobacco shares, Sumatras were sold at Tls. 103 to Tls. 113, and again at Tls. 110, at Tls. 112) for May, Tls. 110 to Tls. 115 for June, Tls. 117 to Tls. 1171 for July, Tla. 112 to Tís. 120 for August, and Tls. 117} to, Tls. 120 for September. The closing quotation is Tls. 110 cash. Langkats changed hands at Tls. 545 to 550 cash, Tls. 555 to Tls, 565 for June, Tis. 600 for September and Tls. 61) för October. Hall and Holtz shares were placed for July deli- sold for cash at $50 to $55. Shares in A. S. very at $39 and J. Llewellyn & Co. shares were
Watson & Co. were sold to Hongkong at $12:25 er dividend.
and Tls. 183 cash and Tls. 181 for the 31st current.
£8
£1 $20
£1
$9, sellers
$50
(in liquidation).
$10
$1
$20 $8
$100
$5
$145, sal. & sellers
(în liquidation).
$5 $5, nominal
J
$25 $29, sellers
$10 $40, sales
$50
$83, buyers
£10
$110, buyers
$8 $5.10
$100
$102, sales & buyers $50 $49, sales & sellers $25 $112, sales & buyers $50 $65, sales & buyers $50 $173,sales & buyers $125 244 p. ct. prem.
[$430, sales & b.
$50 $182, sales
$20 $103, sales & sellers $25 $77, sellers $50 $355, sellers £25
TK 185
$20 $134, sellers $25 $227, sellers $60 $155
$50 $78, sales & buyers $108, sales & buyers $30 $17, buyers $40 $20, sales & buyers $100 $49, buyers
Fca. 500 $100, sellers
$5 $2.25, sal. & buyers $1$2.40, sales & sellers $1 $2.70, sal. & sellers $5 $21, sales $2} $9, sellers $489, sellers $1 $2.50
139. 10d. $29
$50 $75, sales & buyers
£5
£2.108. £10 £7, buyers $50 $66, sales & buyers $15 $351, sales & buyers £10 $52, ellers $37 $434, buyers $10 $12, sellers Y. V. VERNON, Broker.
CLOSING QUOTATIONS.
WEDNESDAY, 2nd May, EXCHANGE.
ON LONDON.—
Telegraphic Transfer
Bank Bills, on demand
Bank Bills, at 30 days' sight
Bank Bills, at 4 months' sight...2/0 Credits, at 4 months' sight
ON GERMANY.—~
On demand..
ON NEW YORK.-
.1/117
1/111
.2/0
2/01
Documentary Bills, 4months' sight 2/03
ON PARIS.-
Bank Bills, on demand.
.2.50
Credits, at 4 months' sight
2.54
2.03
Bank Bills, on demand
483
Credits, 60 days' sight
493
ON BOMBAY.-
Telegraphic Transfer.
165
Bank, on demand..
165
ON CALCUTTA.—
Telegraphic Transfer:
165
Bank, on demand.
..165
ON SHANGHAL.
Bank, at sight
73
Private, 30 days' sight.
741
ON YOKOHAMA
On demand
% pm.
On demand
4% pm.
On demand
SOVEREIGNS Bank's Buying R GOLD LEAF, 100 fine, per tael
9.89
60.50
ON MANILA.
ON SINGAPORE,-