ON SINGAPORE.—
On demand
122
RICE: HONGKONG, 3rd August. The advance in prices continues. - Quotations are :-
Saigon, Ordinary.................. ........$2.84 to 2.87
Bound, good quality ...
THE HONGKONG WEEKLY PRESS AND
Window Glass
Kerosene Oil
. Long
Siam, Field, mill cleaned, No, 2 ...
Garden,
*
No. 1.
White..
Fine Cargo
2.74 to 2.76 .... 2.93 to 8 00 2.75 to 2.80 2.95 to 2.98 3.95 to 8.97 4:06 to 4.10
ON MANILA.—
per bor 8.90 to
*
On demand
per 10-gal. case
1.85 to
MISCELLANEOUS IMPORTS.
reported are the following :-
|
(Angaık 4, 1837,
SOVEREIGNS Bank's Buying Rate GOLD LEAF, 100 fine, per tael
.11% pm.
4% pm. 10.30
53.50
JOINT STOCK SHARES. HONGKONG, 3rd August.-The market has shown some slight signs of improvement, but has on the whole continued "flat, stale, and unprofitable." The settlements on the 31st passed off without trouble, and at the close the market seems a little steadier and rates
SHANGHAI, 29th July.-(From Messrs. Noël Murray & Co's. Piece Goods Trade Report)- Business that was barely possible when the last mail left has become quite out of the question now, and, but for the few transactions that were practically arranged before, though reported since, the week would have been almost a blank. HONGKONG, 3rd August-Amongst the sales This last serious decline in sterling rates appears to be so entirely unreasonable that Importers deem to bave almost unanimously decided to close their books and wait for further developments.inclined to rise. It has certainly been a very grave matter to native holders, Pspecially those of American | goods, and has driven a large proportion of them to precipitately settle the Exchange and clear out their stocks. This has caused enormous clearances during the week, and Tientsin mer- chants, who have been the chief operators, are highly elated at the bargains they have struck, There is very little doubt about it that the Northern merchants have scored heavily this season over the dealers here, the losses of the latter being estimated at Tls. 1,500,000, of which three fourths has been lost over American makes.
YARN AND PIECE GOODS : - Bombay Yarn- 80 bales No. 6 at $854, 55 bales No. 8 at $87) to $84, 680 bales No. 10 at $891 to $98), 405 bales No. 12 at $9 to $181, 90 bales No. 16 at $98 to $109, 500 bales No. 20 at $105 to $110. Japanese Yarn.-30 bales No. 16 at $106, Grey Shirtings. 16 pieces 7 lbs. Blue Lion at $2.05, to $2.06, 1,750 pieces Large Eagle at $2.07), 600 pieces 84 lbs. Three Dogs at $3.15, 300 pieces 81 lbs. Blue Men at $2.921, 900 pieces 84 lbs. B. Joss No. 2 at $3.05, 500 pieces 10 lbs. Blue Triangle at $3.90. White Shirtings-500 pieces No. 300 at $3.70, 1,000 pieces No. 66,000 at $5.80 to arrive, 500 pieces Blue Dragon at $5.20, 750 pieces Gold Pheasant at $3.56, 500 pieces No. 1,000 at $3.75, ̄ 1,000 pieces No. 3 at $3,57, 500 pieces No. 500 at $3.69, 500 pieces. No. 350 at $3.10. T-Cloths. ---- 2,25 pieces 7 lbs. Mexican S. Lion No. 2 at $1.90. METALS.—Tin-100 zlabs Foong Chai at $36.50. COTTON PIECE Goods.
Grey Shirtings-61b3.
7lbs.
8.4 lbs.
9 to 10 lbs
White Shirtings-54 to 56 rd.
58 to 60
""
J
Victoria Lawns-12 yards 0.65 to T-Cloths-6lbs. (32 in.), Ord'y,
$1
"
1.80 2 25 8 25 4 15 2.55 3.30 3.90 7.20 5.80 1.30 1.50 to 1.70 7lbs. (32 ).
1.90 to
2.15 6lbs. (32 ), Mexs. 1.70 to 1.85 7lbs. (32,, ),
2.15 to 2.90 2.35 to 3.25
8.75 to 5.10
per piece 1.70 to 2.03 to
2.35 to
3.30 to
2.35 to 2.70 to 64 to 66 3.30 to Fine
4.10 to Book-folds. 3.60 to
8 to 8.4 oz, (36 in.)
Drills, English-40 yds.,133 to
Damasks....
14lbs....
5lbs.
·
FANCY COTTONS
Turkey Real Shirtings-1 to 1.40 to 3.50 - Brocades-Dyed
3.75 to 4.50 per yard 0.11 to 0.15 9.07 to 0.10 0.10 to 0.30 0.17 to 0.20 per dozen Handkerchiefs-Imitation Silk 0.40 to 0.80
Chintzes-Assorted Velvets-Black, 22 in. Velveteens-18 in.
WOOLLENS.
per yard Spanish Stripes-Sundry chops. 0.60 to 1.20 Gorman..... 1.08 to 1.35 Habit, Med., and Broad Cloths. 1.32 to 4.70
Long Ells-Scarlet
Assorted
Camlets-Assorted.
Lastings-30 yds., 31 inches, }
Assorted
Orleans Pain
Blankets-8 to 1Abs.
METALS?
Swedish Bar
Hoop.......
per piece
6.80 to 8.70
6.90 to 8.80
per pair
Iron-Nail Rod (Sobier)
Square, Flat, Round Bar
Small Round Rod
Old Wire Rope
Lead, L. B. and Hole Chop
Australian........................
to 4.00
4.25 to
Yellow M'tal-Muntz,14/23.oz. 31,00 to
Vivian's, 14/20 oz. 30.00. to Eliot's, 14/20 oz. 29.00 to
Composition Nails
Japan Copper, Slabs
Tiles
Tin
Tin-Plates
Steel. SUNDRIFS
Quicksilver
In spite of this, however, a very extensive busi- Dess, amounting in fact to some 10,000 bales of these goods, was on the point of going through when the fall in Exchange stopped it, for even at the present low level there are willing opera- tors if rates would only keep steady for a reason. able time. As it is the only forward business we hear of has been in English light Shirtinge, other makes being quite impracticable. The Auctions show a substantial improvment in almost every item, as well, they might, but there is a rumour that one of them will be suspended next week. The markets in Tientsia and New chwang are strong and active, but some anxiety is felt regarding the latter owing to the heavy shipments that have gone up recently. It is rumoured that most of this have been financed by the Tientsin merchants. Hankow and Ningpo are both doing a satisfactory business, helped no doubt by the handsome profits being made on Tea.
METALS(From Messrs. Alez. Bielfeld & Co.'s Report) Shanghai, 30th July:-A comparison of the Import Returns for the half year ending the 30th June with those of the previous half- year and those of the corresponding period last year fully bears out our reports regarding the great falling off there has been, as well as veri- fying what we have all along said, that the great object in view has been the reduction of stocks. In Metals, with the exception of Lead, Zinc, and Copper, in bulk, this has been
very great, every line of Iron following the Bame course. At the same time the falling off of re-exports shows that even the interior markets have been overstocked, and the import that has taken place may therefore be put down to orders placed before the condition of the market was recognised for the supply for the
necessities of the moment
*
CLOSING QUOTATIONS.
TUESDAY, 3rd August. EXCHANGE.
13.00 to 32.00
11.00 to 20.00
ON LONDON.-
3.40 to
4.20
Telegraphic Transfer
Bank Bills, on demand
5.00 to 10.00
Bank Bills, at 30 days' sight
.1/107 .1/1018 1/11
per picul
28.93
Bank Bills, at 4 months' sight...1/11 Credits, at 4 months' sight Documentary Bills, 4 months' sight 1/11†
1/111
On PARIS.-—
5.80 to
Bank Bills, on demand
-4.10 to
Credits, at 4 months' sight
2.40 .2.44
to
ON GERMANY.—..
to
*
On demand
194
to
8.00 to 8:00
ON NEW YORK.
Bank Bills, on demand
.461
Credits, 60 days' sight
.473
ON BOMBAY
to:
Telegraphic Transfer..
1511
to
Bank, on demand...
152
to
ON CALCUTTA.—
to per. box
Telegraphic Transfer Bank, on demand..
1514 .152
ON SHANGHAI,—-
*
Bank, at sight............ Private, 30 days' sight..
.751
.761
per picul $125.00 to
ON YOKOHAMA.---
On demand
6.40 to per cwt. case
5.75 to
BANKS.-Hongkong and Shanghais have ruled quiet and without change at 188 to 189 per cent. prem., with small cash sales at these rates and small forward ones at equivalents. Nationals are out of favour at the reduced rate of $22.50 without sales.
MARINE INSURANCES.-China Traders con-
tinue to be enquired for at $77% without bringing out shares and $78 would doubtless be paid for small lots. Unions, at the im proved rate of $230, are also unobtainable. Cantons continue on offer at $180 without finding buyers. The Northern Insurances have changed hands up North at quotations, but have been neglected here. Straits have heen quiet with small sales at $17.
FIRE INSURANCES.-Both Hongkongs and Chinas are unchanged with small sales and sellers at $360 and $107 respectively.
SHIPPING. Hongkong, Canton and Macaos have remained quiet; although a demand at $34) cum dividend met with no response, a few unimportant transactions were put through at about equivalent rates on time, viz., $35 for August and $351 for September cum div., and the market closes rather firmer at $331 ex- dividend. Indo-Chinas have ruled steady with fair sales at $50 and $501, closing at the latter rate. Douglases continue neglected and with bat small business a quotation. China and Manilas have changed hands in small lots at quotation and close steady. China Mutuals are still enquired for in a small way without bring- ing any shares on the market.
REFINERIES.-China Sugars have improved to $145, a small demand for settlements failing to bring out any shares; sales have been effected at $150 for November and $151 for December, the market closing steady at $145. Luzons have been the medium of investment at $471 and close quiet.
MINING.-The market has ruled exception- ally dull and with but little business, chiefly at declining rates. Punjoms after further small. sales at $7 declined to $6.50, at which a demand springing up the rate rose to $6.75 with some sales, and remains steady to strong. New Balmorals have been negotiated in unimportant lots at quotations, and Jelebus have found small buyers at $2.10 and $2. Olivers have ruled very quiet with sellers and only small sales at $20 for A's and $5 and $6 for B's. Raubs with shares freely offering from Singapore in the early part of the week declined further to $23, after sales at $23.75 and $23); later, however, the demand at $23 continuing and no shares being forthcoming the rate gradually improved to $23.75 after fair sales at $23). At time of closing the market is steady at $23.75. Great Easterns are quiet and neglected at quotations and without business.
DOCKS, WHARVES, AND GODOWNS.-Hong- kong and Whampoa Docks continue more or less neglected with small sales at 240 per cent. prem, and an unsatisfied small demand at 239; a few unimportant transactions have been put through at equivalent rates for October, Novem. ber, and December. Kowloon Wharves continue quiet with little or no business at quotation. Wanchai Godowns, have found further buyers at $444 but more are obtainable at the rate.
LANDS, HOTELS, AND BUILDINGS.-Hong- kong Lands remain quiet with sales at $75 and probable sellers. Kowloon Lands have found small buyers at quotation, West Points continue. at $224 without business, and Humphreys Estates have been the medium of a fair business at $9.50 and $9.25, closing with sellers at the former rate.
MISCELLANEOUS. Electrics have changed hands at 874, but continue on offer at that rate. ..31% pm. | Green Islands have raled quiet with sellers at