July 7, 1897.
power, and it is the intention to convert the Silk Filaturs building, that is attached to it, into a Cotton Spinning Mill to accommodate a further 18,000 spindles. The property is cheap at the price at which it is offered and there should be no difficulty in floating the Company as a going
concern.
METALS.-Fron Messrs. Alex. Bielfeld & Co.'s Report). 2nd July:-Reports from home by telegraph show a greatly improving market in many lines, the following being the principal changes to affect us hera: Bamboo Steel has gone up 5/; lead 2/6; Redcar Pig Iron 1/8; Nailrods 5. Notwithstanding his there is an increasing dislike to do business, and the Sundry Market has been quiet with very little doing. Though some of the dealers show an inclination to give fresh orders, there in no desire to accept them, as the prevailing idea is first to have the stocks on hand disposed of. Deliveries are still very slow, merely to supply the needs of the moment. The following goods have been sold since our last report:-200 tons London Horse-shoes 835. c.i.f.; 1,000 piculs Cobbles at Tla. 2.32; 500 piculs Old Boiler Plates at Tls. 1.80.
JOINT STOCK SHARES. HONGKONG, 6th July-With the exception | of mining stock rates have ruled from steady to firm and in many cases show a substanteal advance. A fair general business has been transacted and the market closes steady.
BANKS-Hongkong and Shanghais have further improved to 189 per cent. prem. after small sales at 188, 189, and 189. On time few small lots have been negotiated at equivalent rates for August, September, and October. The London rate has gone up to £43 10s. Od. Nationals have found buyers in small lots at quotation.
MABINE INSURANCE.-Unions have again changed hands at $225 and more shares are wanted at that rate. China Traders continue steady at $77 to $78 without bringing out many shares and with only small sales. Cantons continue on offer at $180 without finding buyers. Straits have ruled weak with small sales at quotation. The Northern Insurances have been neglected.
FIRE INSURANCE-Hongkong Fires remain more or less neglected with small sales at $253, and Chinas have found small buyers at $103, closing with small sellers at that rate.
SHIPPING.-Hongkong, Canton and Macaos continue to rule quiet with sales and sellers at $35 to $351 for cash and at $353 for 31st inst. Indo-Chinas have changed hands in fair lots at $49); and $50, closing steady at the latter rate. China Manilas have been negotiated at $76 and close steady. Douglases remain more or less neglected with small sales at $65 and $65. China Mutuals unchanged and without business. REFINERIES.-China Sugars have ruled very firm and with a fair amount of business. Im-
mediately after settlements the price quickly rose to $144, $1441, $145, $146, and $147 with sales at all these rates for cash and at equivalent ones for September and October; at time of writing the market is strong at $147. Luzons i have remained quiet to weak with small cash sales at quotation.
MINING-All stocks under this heading have ruled dull and decliing. Punjoms have been negotiated at various rates between $6 and $7, closing quiet at $64. Charbonnages continue neglected and without business at quotation. Balmorals have found buyers at $2 and $2.20 for Ordinaries and Preferences, and Olivers have been quiet with but a small business at 864 and $6 for B's and $20 for A's. Jelebus have found amall buyers at quotation. Raubs with a large number of shares offering from Singapore (probably foreshadowing a com- paratively small orushing) have ruled weak aud. sales have been effected at from $30 to $274, the market closing steady at $27. The result of the last two months' orushing is now due and may come to hand at any moment.
7
DOOKS, WHARVES, AND GODOWNS.-Hong; kong and Whampoa Docks have recovered since the settlements, and, upon rumours of negotiations having been re-opened with the Admiralty, have gone up to 243 per cent. prem. after small sales at 241, 242, and 2423, market closing steady at 249. Kowloon Wharves con- tinue dull and neglected with shares offering et quotation and but few small sales. Wanchais
|
CHINA OVERLAND TRADE REPORT.
have changed hands at 345 and are still enquired of this month. It is rumoured that the profita for without bringing out further sellers.
for the half year will exceed those of the previous LANDS, HOTELS, AND BUILDINGS.-Hong-term by $350,000. Marine Insurance. North- kong Lands remain peglected and quiet with Chinas were placed, and are offering, at Tis. 190. only small sales at $77. Hotels have changed Yangtazes have changed hands at $158, and hands at $48 cash and at $49 & $491 for August, Straits was placed locally at $17) and $18, and closing steady, West Points maintain their to Hongkong at $17.76. The loss of the Aden position and after further sales at $22 close will have a tendency to weaken all these stocks, steady to firm. Humphreys have been enquired Fire Insurance.There is no business reported. for and ruled steady at $9 and $9.25, and Kow-
on this market.-In Hongkong sales of Chinas loon Lands have changed hands in small lots been confined to Indo-China S. NÑ, shares, which are quoted at $105. Shipping.-Business has
at quotation.
changed hands at Tls. 36 cash and Tls. 37 for MISCELLANEOUS.-Green Islands have the 30th September, while shares were placed to ruled steady with sales at $35 and $36, closing Hongkong at $48) to $191. Sugar Companies.-- with buyers at $36). Watsons have found Perak Sagar Cultivation shares were placed at buyers at 12 and $123, Electrics at $7, Tls. 38, and are offering at the same price. China Hongkong Ropes at $178, Fenwicks at $27 Sugar Refining shares changed hands at $144), and $27. Tramways rule steady at quotation $144 and $145, and a resale was made to Hông- with small sales. Cotton Mills have ruled kong at $143. Docks and Wharves.-Shares in easier, except Ewos, which have been in some
S. C. Farnham &. Co. were sold at Tls, 195, and demand and have changed hands at Tls. 115 and in the Engineering and Dock Co. at Tls. 106. Tls. 116, closing steady to strong at last rate. Shanghai and Hongkew Wharf shares changed The other mill stocks have been negotiated in
hands Tls. 122). Lands.-Shanghai Land Invest- the North at quotations. Tebrau Planting Co.ment shares were sold at Tls. 92, cum the right to the new issue, and more are wanted. Indus. without business.
trial.-Shanghaj Gas shares changed hands at Tls. 230. In Cotton Mill shares, Ewos were sold at $114/115, Internationals at Tis.120 to Tls." 116 cash, Tls. 117 and $119 for the 31st current, and ́ Tls. 120 for the 31st December: and Laou-kung- mow shares at Tls. 120 and Tla. 119 for the 31st currant. Rice Mill shares changed hands at Tla. 281, and American Ciarette abares at Tla.-75. Tugs and Cargo Boats.-Shanghai Tag Bost shares were placed at Tls. 215, Taku Tug and Lighter shares have been in demand, and sales are reported at T. Tis. 120. Miscellaneous.- Shanghai Sumatra-Tobacco shares were placed at Tis. 111 to Tis. 109 cash, Tls. 112 for the 81st current, and Tls. 115 for the 30th September, and Shanghai-Langkat Tobacco shares at Tls. 580 cash, Tls. 610 for the 31st August, and Tis. 670 for the 31st December, Hall & Holtz shares changed hands at $40. Lands. Shanghai Municipal Debentures of 1891 and 1893 were sold at $101, and Shanghai and Hongkew Wharf Debentures at Tls. 105 plus the accrued interest. Quotations are:-
COMPANY.
Closing quotations are as follow:-
PAID UP.| QUOTATION.
[$361.25, sal. & 8. $125 189 prem
£5 nominal £1 10s. nominal
£1 1£5
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...
H. & W. Dock Hongkong Rope.. 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. 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. ...
£8 $23, sales & buyers
£1
$20
$9, sellers
(in liquidation).
£1
$50
$10 $3 $20 $8
$100
$147, sales
$5 (in liquidation). $5 $6
$25 $27, sales & buyers $10 $36, buyers $50 $33, buyers £10
$8
$100
$110, buyers $7.25, sellers
$115
$50 $48, sales
$25 $114, buyers $50 $67, buyers $50 $173, sales
$125 243 p. ct. prem.= [$428.75, bal. & b. $50 $190, sales & sellers $20 $103, sales
$25
$77, sales & buyers $50 $353, buyers
£25.
$20
Tls. 188, sellers
$171, buyers
$25 $225,sal. & buyers $60 $155, sellers
$50 $77, buyers
$10
$9.25, sal. & buyers
$30 $20, sales & sellers
$40 $22, sales $100 $49, sellers
Fes. 500 $95, sellers
$5 $2.25, buyers
J. Y.
$1 $2 00, sellers
$1 $.20, sellers $5 $20, sellers
$24 $6, sales & buyers $4 $61, sales $1 $2
188. 10d. $274, sales
$50 $76, sales
£5 £2 10s. £10 £7, buyers $50 $65
$15 535), sal s £10 $50, zales & buyers $37 $45, sales $10 $12, sales V. VERNON, Broker.
SHANGHAI, 2nd July.-(From Messrs. J. P. Bisset & Co.'s Report.)-Business has not been so brisk as usual this week, although Hongkong and Shanghai Bank shares were in demand, and the rate of exchange stimulated sales to Hongkong. Banks.-Hongkong and Shanghai Banking Cor- poration. Shares were sold early in the week at 187 and 187) per cent, premium for cash, and 190 per cent, premium for the 31st July.-A demand from Hongkong caused an improvement, and shares changed hands at 190 per cent. premium for cash and 192 per cent. premium for the end
|
Hongkong and Shanghai Banking Corporation.
-$362}.
Bank of China, Japan, and The Straits, Limited,
deferred shares.-£5.
Bank of China, Japan, and The Straite, Limited;
ordinary shares.-Nominal.
National Bank of China, Ld.-$23.
National Bank of China, Ld., Founders.-20. Union Insurance Society of Canton, Ld.—$227}. China Traders' Insurance Co., Lıd.-$77.
North China Insurance Co., Ld.-Tls. 190.00. Yangtsze Insce. Assocn., Ld.—$158.
Canton Insurance Office, Ld.—$182).
Straffts Insurance Co., Ld.--$18.
Hongkong Fire Insurance Co., Ld.—$352). China Fire Insurance Co., Ld.-$105.
Hongkong, Canton and Macao Steamboat Co.
-335
Indo-China Steam N. Co., Ld.Tla. 36.00. Douglas Steamship Co., Ld.-366.
China-Mutual Steam Nav. Co. pref. shares.-
Tls. 50.00
China-Mutual Steam Nav. Co. ord. shares.-
'T'is. 22.00.
Perak Sugar Cultivation Co.,. Ld.—'Tls. 38.00.
China Sugar Refining Co., Ld.—$145.
Luzon Sugar Refining Co., Ld.-$52).
Sheridan Consolidated Mining an Milling
Company, Limited.-Tls. 2.00.
Punjom Mining Co., Ld.~$6}.
Punjom Mining Co., Ld., pref, shures.-$1.85.
Jelebu Mining & Trading Co., Ld.-$2.25. Raub Australian Gold Min. Co., Ld.—§30. Boyd & Co., Ld., Founders.-Nominal. Boyil & Co., Limited.-Tis. 207.50. S. C. Farnham & Co.-Tls, 185.00. Hongkong and Whampoa Dock Co., Ld.-$4281. Shanghai & Hongkew Wharf Co.-Tls. 122.50; Hongkong and Kowloon Wharf and Go tewn
Company, Limited.—$67}.
Shanghai Land Investment Co., Ld. (fully paid)
-'1 18. 92.50,
Hongkong Land Invest. & A. Co., Ld.~$77}. Kowloon Land & Building Co., Ld.—$17. Humphreys Estate and Finance Co., Ld.—$85. Shanghai Gas Co.-Tls. 230.00. Major Brothers, Limited, I'ls. 42.50. Ewe Cotton Spinning & W. Co., Ld-Tls. 116.00. International CottonMan. Co., Ld.—Tla. 115.00. Laou-kung-mow Cotton Spinning and Weav.ng
Co., I. Tls, 118.00.
Soy Chee Cotton Spinning Co., Ld.—Tls. 600.00. Shanghai Ice Company Tis. 130.00. Shanghai Tugbeat Co., Ld-Tlu. 216.00.