478
Yellow M'tal-Muntz,14/23 oz. 80.00 to Vivian's, 16/32 oz. 29.75 to Elliot's, 16/28 oz. 29.00 to Japan Copper, Slabs
29.00
to
to
to per bor. 6.00 to
Tiles
Tin
Tin Plates.
Steel.
SUNDRIES
Quicksilver
.........................................................190.60.to
Window Glass ...................................... Kerosene Oil
per cwt. case 4.60 .to
per picul
per box 3.90 to per 10-gal, caso
2.00 to
SHANGHAI, 10th June -(From Mosers. Noël, Murray & Co.'s Piéce Goods Trade Report). The week has been much broken into by holidays, both Native and Foreign, since our last Report, the Banks being closed for three days, which is quite sufficient to stop business, as everything depends on Exchange now. However, the dealers were not prepared to do múch anyhow, as they are await- ing advices from the country and the renewal of orders after the Settling day, consequently the market bas been very quiet during the interval, and business will not be properly resumed for a day or two yet. The steadiness of Sterling rates seems to be inspiring the natives with some confidence and they book for a brisk demand in the near future. The merchants, both Tientsin and Newchwang, are said to have done well with their Spring shipments, and it is not unreason. able, therefore, to expect that they will soon be in the market again. Clearances of former pur- chases continue to go on very satisfactorily, especially for the North, which speaks well for the consumptive demand.. American goods are still enjoying they lion's share in heavy makes, and if deliveries keep up in the same proportion, compared to last year, to the end of the season, as they have done so far this year, the present stocks and prospective supplies of both Drills and Sheetings will not be too large, and they will be helped by the falling off in the supply of Man- chester goods of the same class. It is too soon to say anything about the markets at our depen- dencies, advices, so far, are certainly favourable from all but Hankow, which is again visited by heavy rains and the
Yangtaze continues to rise. Trade in Ningpo is distinctly good. the business done here the most important item in English goods is a fair line of best Drills to arrive, other sales being of very moderate quan- tities, but show a firm market, which is confirmed by the Auctions. Forward transactions have been much curtailed owing to the holidays in Manchester. In American wakes more has been done for later delivery. Just after the publication of our last further purchases in New York for this market came to light of 3,000 bales of the latter goods. Advices are much more favourable from Bombay, where the Plague has been prac- tially stamped out and business is settling down into its old grore again. Shipments of Yarn for China are being resumed on a much freer scale, The Cotton Industry in China. It will doubtless of interest our home readers to see the progress of Cotton Spinning in this country, from the fol lowing particulars which have been obtained from reliable sources :-
Mills in Shanghai,
Of
Bun.
8pindles. - Pro- jected. ning,
The Ewo Cotton Spinning and Weaving Co., Ld. 50,000 10,000 The Laon Kang How Cotton Spinning and
Weaving Co., Ld
25,000 9,240
The International Catton Manufacturing Co.,
...... Ld....
The Soy Cheo Cotton Spinning Co., Ld The Hua Sheng Chong Cotton Cloth and Yarn
The Ta Sheng Chong Catton Cloth and Yarn
Co........
The Chang Kee Cotton Mill
The Chinese New Cotton Spinning Co......
The Yu Zuen. Cotton Mill.
Mills at Outports, etc.
Tang Kau Yuen Mill, Ningpo....
upeb Goverment Cotton Mill
Wachang Cotton Mill
Soochow Cotton Mill Wurish Cotton Mill Hangchow Cotton Hill
Total in Central China
་་་་
40,000 24.800 40,000 20,000
65,000 83,000 25.000 23,000 15,000 15,000 42,00 24,000
15.000 15,000
THE HONGKONG WEEKLY PRESS AND
The four foreign local Mills have been very much hampered by the delay and irregularity with which their machinery has been coming for- ward, and it naturally takes sometime to get hands sufficiently trained after it is erected, but it will not be long now before they are in full working order.
It is reported that contracts for Cotton have been made recently by some of these Mills as high as Tls. 16.00 per picul.
Metals. (From Messrs. Alet. Bielfeld & Co.'s Report) 11th June:-The market has been in the same dull state as before reported, and the difficul- ty with which the settlements were passed by has not assisted to revive the spirits of either buyers or sellers. The larger native dealers managed to meet their obligations, but several of the smaller fry had to close their doors, and this has seriously incommoded the market. The suspense caused by the impending tariff changes in the United States has but added to the difficulties of the importara, and the unsteady exchange that this causes has also had its bad effect on all parties.
JOINT STOCK SHARES. HONGKONG, 16th June. A quiet market with rates inclining to weakness are the chief features of a dull week.
BANKS.-Hongkong and Shanghais have continued quiet with small sales at 182) and 183 per cent. prem. for cash, market closing steady. Latest London rate is £42. Nationals are still enquired for without leading to any business. Bank of Chinas neglected with no business.
MARINE INSURANCES.-China Traders re- main without business, with buyers at $76 to $77 and no sales. Unions have changed hands in small lots at $225 and more could be placed at the rate. Cantons and Straits are neglected. North Chinas and Yangtszes have changed hands in the North at quotations.
FIRE INSURANCES.-The market has ruled dall, with no business and no change in rates. Both Hongkongs and Chinas are obtainable at $355 and $103 respectively.
SHIPPING.-Hongkong, Canton and Macaos have been quiet with small sales at $35 and $35 cash and for the 30th delivery; shares have changed hands at equivalent rates for July and August. Indo-Chinas have steadied a little and have changed hands at $47 and $473 cash, Managers have published a telegram from closing quiet at latter rate. The General London stating that no dividend will be paid, £1,400 brought forward, balance at credit of underwriting a/c £90,000 (an increase of £5,704, 3s. 101), and £3,900 placed to exchange reserve; the reports were despatched by last mail. China Manilas steady but without business. Douglases ruled quiet and neglected during the week until a sale took place towards the end at $65), and more shares are obtainable at that rate; the weakness is attributable to quarantine regula. tions between Amoy and the Formosa ports. China Mutuals continue withont busines.
gotiated at $143, $142, and $141 for cash and at REFINERIES.-China Sugars have been ne- $145 and $144 for August, closing steady at $141. Luzons have continued steady at $50 with sales.
MINING.-Punjoms in the early part of the week further declined to $63 with sales; later, however, they recovered and sales were effected Charbonnages have changed hands in small at $7, $74, and $74, market closing at $71. lots at $100, but more are obtainable at that rate. New Balmorals have ruled very weak and declined very suddenly to $2 for preference after small sales at $2.60, $2.50, and $2.40; ordinaries were done at $2.30, $2.20, and $1.90; at time of writing the market is a little firmer and buyers cannot be supplied except at an advance. Jelebus have been enquired for in a small way and have been negotiated at $2.25 10,000 10,000 and $2.50, closing at former rate. Raubs in the 30,000 30,000 60,000 20,000 early part of the week fell without any ap- parent reason to $28 with sales; a strong demand at that, however, soon put the rate up again and sales were effected at $281, 829, $291 and $30; a telegram from the mine states that 1,400 tons gives 2,800 oz. amalgam in another rich reef has been discovered at Bukit the rough clean up for May, and, further, that Jalis. Olivers have ruled quiet to weak with but small business at quotations.
30,000 10,000 10,000 10,000
-
457,000 274,040 Looms. The Ha Sheng Cheong Co. have 750 looms, of which only 70 are being worked however; these were made by the Lowell Machine Shop U.S.AT The Chinese New Cotton Weaving and Ginning Co., working with the Spinning Co. above mentioned, have 200 looms going; these are Livsey's, and the Hupeh Mills has 1,000 of Platt's loons in operation.
DOCKS, WHARVES, AND GODOWNS.-Hong- kong and Whampoa Docks continue quiet and more or less neglected; with the exception of
June 17, 1897.
small sales at 243 and 242 per cent. prem. there is nothing to report. Kowloon Wharves have ruled firm with sales at $66, $67, and 868, closing with sellers at the last rate. Wanchais are still önquired for at 8434 without leading to business and half a point higher would doubt- less be paid for shares if any were obtainable.
LANDS, HOTELS, AND BUILDINGS.-Hong- kong Lands continue on offer at $78 with but little or no business. Hotels have changed hands in fair lots at $49 and $484 and close steady. West Points have improved to $214 with buyers after further sales at $20 and $21. Humphreys Estates have been negotiated in fair lots at $8.75 and $9, closing with sellers at the latter rate. Kowloon Lands have found buyers at quotation,
MISCELLANEOUS.-Green Islands have de- clined to $37 without sales. Watsons have changed hands at $124, Electrics at $8, Ices at $113, and Tramways at $112. Cotton Mills are all weaker in Shanghai with the exception of Soy Choes, which have reached $600. Closing quotations are as follow :-
PAID UP. QUOTATION.
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 Ice Hongkong Hotel
[$353.12), sellers
$125 1824 o prem.
£5 nominal £1 108. nominal
£1 £5
£8 $23, buyers £1 $20 £1
$9, sellers
$50 (in liquidation).
$10 $1
$20 $8
$100
$141, sales
$5
(in liquidation).
$5
$6, sales
$25
$20, sellers
$10
$37, sellers
$50
$33, buyers
£10
$110, buyers
$8
$8, sales & sellers
$100
$112, buyers
$50
$49, sales & sellers
$25
$113, buyers
$50
$68, sales & sellers
$50 $174, sales & sellers
$125
[$427), sellers
$50
$182, sellers
$20
$103, sellers
$25
$77, buyers
Hongkong Fire North-China Straits Union
$50
$353, buyers
£25 Tls. 187
$20
$19, sales & sellers
Hongkong Rope.. H. & K. Wharf & G...
H. & W. Dock Insurances- Canton... China Fire China Traders
Yangtsze..
Land and Building-
II. Land Investment. Humphreys Estate... Kowloon Land & B. West Point Building
Luzon Sugar Mining-
Charbonnages Jelebu
New Balmoral
Do. Preference Oliver's Mines, A.
Do. Punjom
B.
Do. Preference... Raube Steamship Coys-
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.
242 p. ct. prem.=
$25 $225, sales & buyers
$60 $155, sellers --
$50
$78, sales & sellers
$10
$9, sales & sellers
$30
$18, sales
$40 $21, buyers
$100 $50, sales
Fes. 500 $100, sales & sellers
$5 $2.25, buyers
$1 $2, sales
$1
$2.20, sales,
$5 $21, sales $24 $8, sales
$4 $71, sellers
$1 $2.25, sellers 13s. 10d. $30, sales
$50 $651, sales
£5.
£2 10,
£10
£7, buyers
$50
$651, sales
$15 $354, sal: 8 £10 $47, sales
¿
$371 $44, buyers
$10 $121, sales & buyers J. Y. V. VERNON, Broker.
SHANGHAI, 4th June.-(From Messrs. J. P. Bisset & Co.'s Report.)-A fair amount of business was done during the week, Cotton Mill sbares being the stock which attracted most
attention.
Banks.-Hongkong and Shanghai Banking Corporation.-Early in the week there
placed at 184 per cent premium. The demand was nothing done in this stock, but on the 9th buyers came into the market, and shares were continued yesterday and business was done at 181 and 186 per cent. premium. A purchase from Hongkong at 187 per cent. premium for the 31st, July, is also reported. There are local cash sellers at 186 per cent premium. National Bank of
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