September 15, 1897.]
CHINA OVERLAND TRADE REPORT.
On demand. SOVEREIGNS Bank's Buying Rate GULD LEAF, 100 fine, per tael
.11% pm.
10.53 .55.00
JOINT STOCK SHARES. HONGKONG, 14th September.-The market has been pretty active during the week under review, a fair amount of cash business having been put through, generally at higher rates, but in some few at slightly lower than reported last week.
and which was looked upon as the commencement | ON SINGAPORE.— of the long expectel re-action. The alight "boom" however was very short-lived, but while it lasted it served to tempt a considerable amount of gambling in Exchange amongst the Natives, with the result of only placing additional losses to their accounts. It also brought forward some indentors for Fancy Gooils for delivery next Spring, but the collapse very soon put an end to all offers, and we imagine the whole transactions amounted to only a few hundred cases. As far as: ono can gather the visible supply of Fancy Goods is below requirements, and while indentors are willing to buy, the question of price is so far apart it is only a matter of time to see whether rates will advance here or give way on the other aide. One thing is certain that if purchases have to be made they must be made soon, otherwise the shipment required to bring the goods out here cannot be obtainel. With Grey Goods it is different, as they can be brought forward in much shorter time. As regards the enrrent trade it is to all intents and purposes at a standstill, the amount of business reported being too sinali to
constitute a market, while the quantities disposed
of at auction are much the same ns last week.
With the near approach of the Antumn settling day clearances are fairly satisfactory under the circumstances, but difficulties are arising in this direction through dealers having sold to mer. chants in Sterling on the basis of Exchange ruling some months ago, and now that the goods are being delivere l at present rates, the question has arisen who has to pay the differences. The position is sure to cause tr uble, but one foreign firm has strongly declined to deliver any goods until full payment is made, and their action deserves commendation. There is no news from the Outports, all of which are very quiet. At the Auction this morning the tendency was down- wards.
Metals. (From Messrs. Alex. Bielfeld & Co.'s Report) 10th September:-Again we have tr report a blank week, with nothing doing beyond spot business, the native boblers with stocks, the erchange on which had been setfled before the fall, being the only persons to reap any benefi out of the chaos. The variations of change absolutely prevent any contracts being entered into and we think that it will be some time before buyers will recover sufficient courage after the present disaster to enter into forward dealings. Some of the Chinese prognosticate a better feel- ing after the settlement on the 15th of the moon. but we are inclined to think that, in Sundries at least, no great improvement can be looked for during tlio present year. Metals have gone up in price a trifle in sympathy with the home rates, but the prices quoted are merely nominal, t only business settled, so far as we can learn. during the period having been 50 tons Scrap Iron at 745. from stock, House quotations are
still showing an upward tendency, and the latest mail advices seem to point to the continuance of this for some time to come: the increased activity in the American markets, and the promises of prosperity there, all go to bring about this gate, which is of such great benefit to the Home producers.
CLOSING QUOTATIONS.
TUESDAY, 14th September. EXCHANGE.
ON LONDON.—
.1/103
1/1076
Documentary Bills, 4 months'sight 1/10
Telegraphic Transfer
Bank Bills, on demand
Bank Bills, at 30 days' sight
1/10
Bank Bills, at 4 months' sight...1/10
Credits, at 4 months' sight
.1/103
On PARIS.-
Bank Bills, on demand
.2.34
Credits, at 4 months' sight
.2.39
ON GERMANY,———
On demand
.1.90
ON NEW YORK.-
Bank Bills, on demand
.451
Credits, 60 days' sight
.461
ON BOMBAY.—
Telegraphic Transfer.
Bank, on demand...............
ON CALCUTTA.—-
Telegraphic Transfer
Bank, on demand..
ON SHANGHAI.—-
Bank, at sight
.76
Private, 30 days' sight............
.763
ON YOKOHAMA,~
On demand.
ON MANILA.
On demand.
.140 ..1403
.140 .1401.
.74 % pm.
|
BANKS. Hongkong and Shanghais in the early part of the week continued in a small demand without bringing out sellers, and 169 failing to obtain shares the rate gradually crept up to 172, at which rate sales were effected, but no sales took place at intermediate rates. The latest London quotation is £40. The market closes steady to strong at 172 per cent. prem.
MARINE
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.... Campbell, Moore & Co. China Sugar Coton Mills-
-
Ewo... Hongkong Intern ti nal La u Kung dow Sovchi e Yah'oong Dairy Farm Co. Fenwick & Co., Geo.
INSURANCES. China Traders Green Island Cement... have found buyers at $79 and close steady. II. & China Bakery Unions have further improved their position longkong & C. Gas to $250, after small sales at $245, market longkong Electric closing quieter at that rate. In Cantons 1. H. L. Trunways there is no business to report. Straits buve Hongkong Hotel changed hands at $17, sellers ruling the Hongkong lee market at time of closing at $17 Yangstzes H. & K. Wharf & G. have been negotiated locally at $158 and $1573. Hongkong Rope... North Chinas without business..
H. & W. Doek Insurances-
Canton China Fire China Traders' Hongkong Fire North-China Straits Union Yangisze
FIRE INSURANCES.-Hongkongs coutinne quiet and unchanged without business. Chinas have been taken off the market at $105, more shares being wanted at that rate.
SHIPPING. Hongkong, Canton and Macaos bave ruled somewh t steadier with fair sales at $32. Indos have been done at 847, 8474. and $48, closing steady at last rate. China Manilas quiet and neglected at $76. Douglases continue on offer at $66 with only small sales.
REFINERIES.-Chinas in the erly part of the week, being unobtainable at $139, gradually rose to $142, after small sales at $140 and $141, market closing somewhat easier at $142 for delivery 30th inst. A demand for December share- at better than cash rates has not been met.
MINING. Punjoms have remained quiet with a small demand and sales at $54. There is ΠΟ business of any importance to report. Charbonnages are enquired for at $83, but none seem to be obtainable. New Balmorals sold at $1.60 and $1.50 for Preferences and $1.40) for Ordinaries in unimportant lots. Jelebus Olivers have changed hands at quotation. have been in request (B. shares) and a fair num- ber have changed hands at $73, $73, and 873, the news from the Mine being of an encouraging nature. Raubs. In the early part of the week the July-August crushing came to hand (1,517 oz. from 2,350 tons), which compara- tirely poor result caused the market to fall temporarily to $16 after small sales at $17 and $17. The rate, however, quickly rallied and so many buyers came into the market that holders would not part, $17, $171, and $172 failing to being out shares. At time of writing. buyers still rule the market at $174 to 818.
DOCKS, WHARVES, and GoDOWNS.--Hong- kong and Whampoa Docks continue exception- ally quiet and neglected, sellers for the 30th inst. vainly offering to part at 218 per cent. prem. Kowloon Wharves are also more or less out of the market, small transactions only bar. ing taken place at $62 and $63. Wanchai Godowns could be placed at $443, but are on offer at $45.
LANDS, HOTELS, AND BUILDINGS Hong kong Lands have been dealt in to a fairly large extent at $76 and close steady to strong at that rate. Kowloon Lands have found small buyers at $19. Hotels continue more or less a dead letter at $48 with a sales to report. West Points remain quiet with little or no business. Humphreys Estates have changed hands at varied and erratic rates, sals having been effected at $94, $91,” 89.40, $9.60, and again at $91, closing with sellers at the last rate
―
MISCELLANEOUS. Green Islands have changed hands at $444 old cum new and at 814 new issue, closing with sellers at quotations. Watsons hare sold at $124, Fenwicks at $281, and Ices at $113. Tramways and Ropes have found buyers at $112. and $113 respectively. Ewo Cottons have been negotiated at Tls. 114, other Cotton Mills remaining unchanged and without business.
Land and Building-
11. Land Investiment. Humphreys Estate... Kowloon Land & B.) West Point Building Luzon Sugar
Mining
Charbonnages.
Great E. &.C'doui.n
Do.
Do. Jelebu New Balmoral
D. Preference Oliver's Mines, A.
Do. Punjom
B.
Do. Preference... Kants... New Amoy Dick Steamship Coys.-
China and Manila... China Mutnal Ord...
Do. Preference...
Douglas S. S. Co. H., Canton and M... Indo-China S. N.'
[$340, sal. & 8.
$125 172 10 prem
£5 nominal
£1 10s. nominal
£1 £5, buyers
£8 $1, sul. & buyers £1 $20
£1 $9, sellers $10 $
$100 $141, buyers
Tls. 100 Tls. 114, sales & s.
$20:18
Tls. 100 Tis. 122 Tis. 100 is 11t, sellers Tis. 500 Tls. 375, sellers TIs. 40 TI 42
$10
$5 $4, buyers $25 28 25, sales
($440. N.I.,sel.$291 ex... rel. $14 sel. $50 $33, buyers £10110, buyers
$8 $1.75.sal. & sellers $100 112, sales & sellers
$50 $48), sellers $25 $118, buyers $50 $63, sellers $50 $169, sales & buyers $125 215 pct. premi.
[$39, sellers
$50 $172), sellers $20 $105, sal. & buyers $25 $.9, sales & bityera $50 $357), ellers £25 Tls. 200, buyers $20 $174, sellers $25 $25), s. & sellers $60 $158, cales & sellers
$50 $76, sales & inyers $109, sales & sellers $30 $9, sale, $40 $211 $100 $41, sales
Fcs. 500 $13, buyers
$ 5, sellers
13s.
Wanchui Wareh’se Co. Watson & Co., S. A....
J. V.
$24 $2 sales & sellers $0 $2.10, sales
$1 $1 40
$! $..50, sales $5 $20, ellers 82} $ 1, sellers $4701, sales $1 $1.40, buyers 10d. $71, buyers glu $181, sellers
$50 $75, sales & buyers
£5 £2 10s. buyers £10 £7, buyers $50 $6%, sellers $15 $32, sales & sellers £10 $48, sales & buyers $37845, sellers
$10 $12.50, sal. & sellers Y. VERNON, Broker.
SHANGHAI, 10th Sptember.-(From Messrs. J. P. Bisset & Co.'s Report.)-A fair busines; has been done during the week. Money is eaiser in Hongkong, and there has been more business done there of late, at improving prices. Ex- change has fallen to 763 for telegraphic transfers, with 7. for private paper drawn at 3 days' sight. Banks.-Hongsong and Shanghai Banking Cor poration.-Cash shares changed hands early in the week at 183 and 1834 per cent premium, but the fall of exchange on Hongkong checked busi- ness, and there are sellers at 153 at the close. Shares were placed for December delivery at 191 per cent, preinium, and there are further sellers. Marine Insurance.-Business has been confined to Yangiazes at $160 and Straits at $18), Fira Insurance.-Chinas were placed to Hongkong at $104, and I'ls. 773 equal to $110), with exchange
73.
shipping-Indo-Cinas changed hands at Ts. 36 an Cuina Matual ordinary shares, with 2. paid up, were placed at Tls. 25. Sugar3.- Chiba Sugar R-fining shares were placed at $142, and they are now wanted at $141. Luzons are offering at $42. Mining.-Baub Australian Gold Mining shares are wanted at $20 Docks," Whirres and Godowns.-Shares in S. C. Faraham & Co. were sold at Tls. 1811 and Tls. 1324 cum, and Tls. 70 ex, the dividend of Tls. 12 paid y sterday. Shanghai Engineering & Dock shares were sold at Tls. 190 cash and. Tls. 101 for the 31st December. Shanghai and Hongker Wharf