September 1, 1897.]
torily. The outsile markets show no change one way or the other, and are being kept well supplied with goods. Cheloo is paying a little more atten- tion to Fancy makes. A small business is pass- ing in Indian Yams at firm prices, but they do not advance at all adequately with the drop in Exchange.
Metals.-(From Messrs. Alex. Bielfeld & Co.'s Report) 27th August:-During the past week the market has been going from bad to worse.
the great rise in the home prices, the scarcity of tonnage from home, and the fall in exchange all tending to demoralise this market, while the decreasing demands from the consuming districts still further help to distract the dealers. Falling exchange has been the topic of the week. and the almost hourly changes have kept everyone in a ferment. The fall bas been a pouny during the week, and this, on top of the previous unheard of quotations, has cause the closing already of two native hongs, and it is prognosticated by those well in the swim of the native bank circles that Shanghai is on the eve of the greatest crash that has ever been known if there is not a change for the better very shortly.
causes
JOINT STOCK SHARES. HONGKONG, 31st August.-Business gener- ally has been somewhat slacker and rates show declines in most cases. The settlements to-day. which are rather heavier than usual, and the curtailment of financial facilities by the Banks, combined with tight money and the exchange trouble, are the of the low rates at which the market closes.
BANKS.-Hongkong and Shanghai.-Small sales in the early part of the week at 170 and 169 per cent. prem.; later, however, the rate fell considerably and shares offering at 165 could not find buyers; at time of writing, however, shares are enquired for at Nationals unchanged and without business.
MARINE INSURANCES.-Small sales of Traders at $78. Unions at $235, and Straits at $173 constitute the business of the week. The Northern Insurances have changed hauds up North at quotations,
166.
FIRE INSURANCES.-Neglected, with small sales of Hongkongs at $360 and Chinas at $105. Market weak.
SHIPPING. Hongkong, Canton and Macaos have found further buyers at $32 and $324, closing firm with buyers at 832. Indo-Chinas continue neglected with little or no business at quotation. Douglases remain
on offer
at $66 without inducing buyers to come for- ward. China Mutuals are still enquired for, and China and Manilas are obtainable in small lots at $76 after sales at $75.
REFINERIES-China Sugars have declined further to $139 after further small sales at $140 and $139; shares are, however, in demand at the lower rate and none seem to be obtainable. Luzon's have ruled weak with sellors and no buyers at $43 and $42.
MINING. Punjoms have continued on the downward grade with small sales at $5.60, $5.50, $5.40, and $5.30, closing somewhat steadier at $5.75. At the adjourned private meeting held yesterday it was unanimously agreed to give Mr. Bailey (the representative of the American Syndicate) the option of the pur- chase of the Company's property within & certain time on certain terms, Mr. Bailey in the meantime to expend a substantial sum of money in prospecting, and the Company carry- ing on its business as usual. Charbonnages have changed hands at $81 and close with buyers. Balmorals and Olivers have ruled weak notwithstanding the news that the reef has been struck at the Eureka mine; small sales have been effected at quotations. Jelebus remain unchanged with small business. Raubs have ruled decidedly firmer with fair sales at $10, $194, and $193 ex dividend; at time of writing shares are wanted at $193.
Docks, WHARVES, AND GODOWNS.-Hong- kong and Whampao Docks, which ruled very steady to firm in the early part of the week with fair sales at 235 and 234 cum and at 222 and 221 per cent. prem. ex dividend, on the nearer approach of settling day suddenly fell without any business at intermediate rates to 210, at which a few shares changed hands; at time of closing the market is much firmer at 215. Kowloon Wharves have ruled quiet and with- -out business with sellers at $62. Wanchais remain steady to firm at $141, but without sales.
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CHINA OVERLAND TRADE REPORT.
195
LANDS, HOTELS, AND BUILDINGS.-Hong | National Bank of China shares are offering at kong Lands have found small buyers at $74 | $22. Marine Insurance.-Unions have been sold and close steady. Kowloon Lands have ruled to Hongkong at $235 and exchange 764. Local neglected without business. Hotels have been
business has been confined to Yangtezes at $160, obtainable at $481 ex div., but no sales have
and Straits at $181. Fire Insurance.-No busi- been reported. West Points and Humphreys ness reported. Shipping. Only two transactions Estates have continued steady with small sales Sugar Companies.--No business reported locally. are reported in Indo-hina S. N. shares at Tls. 37. at quotations.
Mining. Raub A. G. M. shares were placed at $22. Docks, Wharves and Godowns.-Boy & Co. shares were sold at Tls. 190 ex div. The meeting of shareholders in S. C. Farnham & Co.
MISCELLANEOUS.-Green Islands have been dealt in at quotations in a small way, closing steady. Watsons continue on offer at $124 Electrics, Fenwicks, and Tramways have found small buyers at quotations. Cotton Mills have ruled steady with little or no business at quotations.
Banks-
Closing quotations are as follow:—
COMPANY, PAID UP. QUOTATION.
[$332), buyers $125 166 " prem
£5 nominal £1 10s. nominal
Hongkong & S'hai.....' China & Japan, prf.. Do. ordinary... Do. deferred.... Natl. Bank of China
B. Shares Founders Shares.. Bell's Asbestos E. A. Campbell, Moore & Co.ị China Sugar Cotton Mills-
Ewo... Hongkong International Laou Kung Mow Soychee Yahloong Dairy Farm Co. Fenwick & Co., Geo. Green Island Cement..... H. & China Bakery Hongkong Electric Hongkong & C. Gas
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.Į Humphreys Estate... Kowloon Land & B. West Point Building Luzon Sugar Mining-
Charbonnages.... Great E. & C'donian Do. Do.. Jelebu New Balmoral
Do. Preference Oliver's Mines, A.
Do.
Punjom
.B.
Do. Preference... Raubs
New Amoy Dock 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., S. A....
£1 £5, sales & buyers
I
£8 $21, sellers £1 $20
£19, sellers $10 $
$100 $135,ex div. s. & b.
TIs. 100 Tis. 114
$20 $21, sales Tls. 100 Tls. 122 Tis. 100 TIs 116 Tls. 500 Tls, 5+5 Tls. 40 Tls. 42
$5 $4, buyers $25 528 25
$10
44ou.N.I., b.$293
ex. N.J.,5.& b.$15
$50 $33, buyers £10 $110, buyers
$8 $9.50, buyers $100 $112, sellers $50 $481, sales $25 $118, sellers $50 $53, sellers $50 $170, sales $125 215 p. ct. prent.
[$393.75, buyers
$50 $1774, sellers $20 $105, sales
$25 $78, sales & buyers $50 $357, sellers £25 (Tls. 200, buyers
$20 $172, sellers
$25 $235, sales & buersy
$60 $158, buyers
$50 $74, sales & buyers
$10 $91, sellers $30 $.9 $40 $22, sellers $100 $43, sellers
Fes. 500 $31, sales & buyers
$5 +5, sellers
$24 $2.20, sellers
$5 $2.10, sal. & buyers
$1 $1.40
$1 $1.60
$5 $20, sellers
$2 $54, sales & sellers $4 $5.75, sal. & buyers
$1 $1.80, sellers 13s. 10d. $191, buyers $10 $18, sellers
J. V.
$50 $75, sales & buyers
£5 £2 10s. buyers £10 £7, buyers $50 $6, sellers
$15 $32, sales & buyers £10 $4, sales $37844), sellers
$10 $1250, sal. & sellers Y. VERNON, Broker. SHANGHAI, 27th August.-(From Messrs. J. P. Bisset & Co.'s Report.)-Business has been ratber dull. Judging from the rise in exchange on Hongkong, the stringency of the money market Banks.-long- there seems to be increasing. kong and Shanghai Banking Corporation.-But a small business was done in this stock, chiefly to hongkong, as the high rate of exchange is an inducement to holders to sell to the Colony, and business is reported at 172 and 169 per cent premium, with exchange 76 in the former case and 764 in the latter. Locally cash shares were placed at 181 per cent premium, and for December at 185 per cent premium. We quoto 1824 per sont premium, with exchange 73 as the closing cash rate. Bank of the China Deferred shares have changed hands in Hongkong at £3.
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is called for the 8th September. Shares have changed hands at Tls. 180. Shanghai Engineering & Dock shares have been placed at Tls. 104. Lands.-Shanghai Land Investment sbares changed hands as Tls. 90, Hongkong Land Invest- ment shares Menu placed locally at $77). Humphreys' Estate & Finance shares were sold to Hongkong at $9.25. Industrial.-In Cotton Mill shares, E-wos were placed at Tls. 116 and Tls. 115, Internationals at Tls. 121 to Tls. 122 cash and Tis. 1221 to ls 122 for the 31st current Laou-Kung-Mow shares at Tls. 116, Tis. 117, Tls. 118 and Tls. 115, and Soy Chee shares at Pls. 575, and Yah Loong shares at Tis. 42. China Flour Mill shares were placed at Tls. 55. Tug and Cargo Boats.-Shanghai Cargo Boat shares changed bands at Tis. 196 cash and Tis. 200 for delivery on the 30th November. Miscellaneous. -Shanghai-Sumatia Tobacco shares were sold at Tls. 100 cash, Tls. 101 for August. Tis. 105 and Tis. 103 for September, Tls. 105 for October, Tls. 165 for November, and Tls. 110 for December. Shanghai-Langkat Tobice) shares were placed at Tls. 450, Tls. 430, and Tls. 400 cash, and The. 500 for October and December delivery. Cash shares are in demand at Tla. 400. Hall &
|
Holtz shares were placed at $11} and Central,
Stores at $15. Quotitions are:--
Hongkong and Shanghai Banking Corporation.
- $353.12.
Bank of China, Japan, and The Straits, Limited,
deferred shares.-£5.
Bank of China, Japan, and The Straits, Limited,
ordinary shares.-Nominal.
National Bank di China, Ld.—$22.
National Bank of China. 11., Founders.-20. Union Insurance Society of Canton, Ld.-$215. China Traders' Insurance L'o.. Lal.—58).
North China Insurance Co., LL.-Tis, 202.00. Yangtsze Insce. Assoen,, Ld.~.
-$160. Canton insurance Olliez, Ll-$1824.
Straits Insurance Co., Ld.-$181.
Hongkong Fire Insurance Co., L.L—$360. China Fire Insurance Co., Ld.—108.
Hongkong, Canton and Macao Steamboat Co.
-583}
Indo-China Steam N. Co., L.--Tls. 37.00. Douglas Steamship Co., Ld.—$66.
China-Mutual Steam Nav. Co. pref. abares. —
Tls. 52.00.
Perak Sugar Cultivation Co., Ld.-Tls. 38.00,
China Sugar Refining Co., L.d.—$148.
Luzon Sugar Refining Co., Ld.—$14).
Sheridas Consolidated Mining and Milling
Company, Limited.—Th. 2.50.
Punjom Mining Co., Lal.—364.
Punjom Mining Co., Ld., pref. shares.-$2. Jelebu Mining & Trading Co., Ll.—$2.25. Raub Australian Gold Min. Co.. Ld.-$22. Boyd & Co., Ld., Founders.-Nomiun). Boyd & Co., Limited.—Tls. 190.00. S. U. Farnham & Co.-Tls. 180.00.
Hongkong and Whampoa Dock Co., Ld.—§122}. Shangha & Hongkew Wharf Co,-Tls. 124.00. Hongkong and Kowloon Wharf and Golown
Company, Limited.—$65.
3
Shanghai Land Investment Co., Lt. (fully paid)
-ils. 90.00.
Hongkong Land Invest. & A. Co, Ld.-$771. Kowloon Land & Building Co., Ld.—$19. Humphreys Estate and Finance Co., Ld.—$94. Shanghai Gas Co.-Tls, 225.00.
Major Brothers, Limited.--TIs. 42.50. Ewo Cotton Spinning & W. Co., Ld.-Tls. 115.00. International Cotton Man, Co., Ld.-Tls. 121.00. Laon-kung-mow Cotton Spinning and Weaving
Co., L.-Tls. 115.00.
Soy Chee Cotton Spinning Co., Ld.-Tls. 575.00. Shanghai Ice Company-Tls. 130.00.
Shanghai Tugbrat Co., Ld.-Tls. 215.00. Taku Tug & Lighter Co., Ld.-T. Tls, 116.00. Shanghai Cargo Boat Co.-T'is. 196.00. Co-operative Cargo Boat Co.-T13. 180.00. Shangbai Waterworks Co., Ld.—Tis. 305,00. Shanghai Sumatra Tobacco Co.-Tls. 100,50. Shanghai Langkat Tobacco Co., Ld.-Tls. 450,00.- Shanghai Horse Bazaar Co., Ld.-Tls, 76.00, J. Llewellyn Co., Limited.—$70.00. Hall & Holtz, Ld.—$41.50.
A. S. Watson Co., Limited.-$12.50. Bell's Asbestos Eastern Agency, Ld.—39.00. Hongkong Electric Co., Ld.—$8.00.