September 29, 1897.j
fallen through. Needless to say the advance in Sterling has been followed by the usual decline in current prices, notwithstanding it did not make up for the difference that existed in the cost of replacing, and it was scarcely likely, considering the present condition of the trade there, that
Manchester would make any concessions. Оп the contrary that market is decidedly firm, in spite of the decline in Cotton and the prospect of a bumper crop, which is estimated by Messrs.
Neill Bros. at 9,750,000 bales with a half to onə
million more within the range of possibilities.
Some of the dealers seem confident that in an-
CHINA OVERLAND TRADE REPORT.
with sales, improving later by slow degrees to $23 with sales at that and intermediate rates, market closing firm at $23. Olivers B have changed hands at $74 and $74, closing steady. Great Easterns after further sales at $2.20 have improved their position to $2.40 with
sales, buyers and no sellers.
DOCKS, WHARVES, AND GODOWNS.-Hong- kong and Whampoa Docks.-The demand for shares at 218 continuing and no shares being forthcoming the rate gradually rose to 225
The
after small sales at 221 and 222. market closes firm at 225 per cent. prem. Kowloon Wharves remain weak and neglected at quotation with only small sales to report. Wanchais unchanged and inactive.
other week's time there must be some business for both the Tientsin and Hankow market, but, ng we remarked a short time back, they will be able to supply their wants from the native hol- ders. This will cause an improvement in deliv- LANDS, HOTELS, AND BUILDINGS.-Hong- eries, no doubt, which during the week under kong Lands have ruled much quieter with review have been poor. Excellent reports are shares offering all the week at $76 and only coming in oncerning the crops in the Newch-small sales at that rate. Hotels have found wang district, the full benefits of which, however, will not be felt until next season. The Korean markets are quiet at the moment owing chiefly to ⚫ the decline in gold, bat clearances are going on satisfactorily. The local Cotton Crop is now he ing harvested, the quotation for best quality being Tis. 17.00. Tungchow has been bought as Tls. 16.60 for slightly inferior. At to-day't Auction the tendency (was downwards for most Grey goods.
Metals 24th September.--(From Messrs. Alex. Bielfeld & Co's. Report):-The past week has been even worse than preceding ones, the rapid | movements of exchange--which has fluctuated daring the period-rendering it impossible to place even telegraphic orders, as by the time the messages have been exchanged there will probably be a change. It will make but little difference to dealers where the rate rests if it only becomes steady. This applies to every department. In Metals, native holders were a little easier early in the week owing to the rise in exchange, and were ready to do business on lower terms, but with the re-action of yesterday there was a return to the higher demands, and those who have cargo seem determined to hold it for top figures. The only contracts reported during the week were:--30 tons Bar Iron £7.5.0, c.i.f., 25 Auction.-800 tóns Old Cart Tyers 95/-, c.i.f. piculs Telegraph Wire at Tls. 2.07; 50 cases Galvanised Sheet Iron at Tls. 6.80; 100 tons Scrap Iron at Tls. 1.85 to 1.90.
JOINT STOCK SHARES. HONGKONG, 28th September. The week has shown a rather quieter market with most
with rates ruling steady and
bat small variations. The chief features are the set back in Banks and the improvement in Hongkong and Whampoa Docks and Raubs.
BANKS-Hongkong and Shanghais ruled very firm during the early part of the week and cash sales were effected at 179 and 180 per cent, prem.; later, however, the small demand having ceased, the rate gradually declined to 177 with sales and sellers. The market closes with probable sellers at 176. Nationals have found further buyers at quotation in small lots.
MARINE INSURANCES. China Traders have been negotiated at $79 and $79, Unious at $2474 and $245, Straits at $171⁄2 and $17}, and Yangtszes and North Chinas at quotations in the North. Cantons remain neglected and without business.
FIRE INSURANCES.-Hongkongs have been further enquired for with only small sales re- sulting at $3583; more shares are wanted, but |
Chinas are seem to be forthcoming. wanted in small lots at $106 to $107 and sales have been effected at those rates.
none
SHIPPING.-Hongkong, Canton and Macaos remain unchanged with a small business at $32 and $314, closing quiet at the former rate. Indo-Chinas have been dealt in at $50 and close with sellers at that. Douglases have continued on offer at $65 cum div. and sales have been made at that rate, the market closing with sellers at $61 ex div. China Manilas and China Mutuals remain unchanged and without business. REFINERIES-China Sugars have ruled very steady with sales at $146, $1461, $1464, and $147, closing firm at the last rate. Luzons are entirely neglected, sellers vainly offering to part at a point lower than the nominal quoted rate. MINING. Punjoms have remained quiet with but little business at $51 to $51. Charbonnages are still enquired for at $85. Balmorals have found small buyers at quotations. Raubs in the early part of the week weakened to $21
small buyers at $491. Kowloon Lands un- changed and without sales. Humphreys Estates have been negotiated at $9.50 and $9.60, closing steady, West Points unchanged at $214 and
without business.
MISCELLANEOUS.-Green Islands, Watsons, Electrics, Fenwicks, Ropes, and Ices have changed hands in small lots at quotations. Cotton Mills all quiet with no business. Closing quotations are as follow:-
COMPANY. [PAID UP. QUOTATION.
[$346.25, sal. & s.. $125 177 prem
£5 nominal £1 10s. nominal
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
Cotton Mills- Ewo........ Hongkong International Lagu Kung Mow Soychee Yahloong 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... Hongkong Rope... H. & W. Dock 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 Great E. & C'donian Do. Do. Jelebu
New Balmoral
Do. Preference Oliver's Mines, A.
Do.
Punjom
B.
Do. Preference.. Ranbe
New Amoy Dick Steamship Coys.--
China and Manila China Mutual Ord..
Do. Preference... Douglas 8. 8. Co. H., Canton and M.. Indo-China S. N.
Wanchai Wareh'se Cof Watson & Co., 8. A........'
£1 £5, buyers
£8 $19 £1 $20
£1 89, sellers $10 $ $100 $147, sal. & buyers
Tis. 100 Tls. 112, sellers
$20 18
Ts. 100 Tls. 122 Tls. 100 Tls 116, sellers Tla. 500 Tls. 575, sellers Tls. 40 Tls. 42
$5 $43, buyers $25 $28 25, sales
{
[& buyers $10 $29, ex. N.I., sales
$1-4, sales $50 $33, buyers £10 $110, buyers
$8 $104, sal. & sellers $100 $112, sellers
$50 $48, sale! $25 $113, sales & sellers $50 $63, sales & sellers $50 $170, buyers $125 (223 p. et. prem.= [$406,25, bellers
$50 $170, sellers $20 $106, buyers $25 $79, sales & sellers
850 $360, buyers £25 Tls. 200, buyers
$20 $17, cales
$25 $2474
$60 $158, sellers
$10 $9), buyers $30 $19, sellers
$40 $21), sellers
$100 $40, sellers
Fes, 500 $371, sal. & buyers
$515, sales & buyers $2 $2.40, sal. & buyers $5 $2.40, siles $1 $1.40, sales $1 $1.50 $5 $20, sellers
263
SHANGHAI, 24th September.-(From Messrs. J. P. Bisset & Co.'s Report.)-Business has not been very brisk this week, the fall in exchange on Hongkong checking sales to that port. An accident new Dock under construction by the at the Engineering Co. has caused a serious decline on the
stock. Banks.-Hongkong and Shanghai Banking Corporation. Shares were placed to Hongkong early in the wek at 171 per cent premium, with exchange 75), with is equal to 181 per cont premium with exchange 73, and subsequently shares were place l at 175 with the same exchange, which is equal to 184] with 73 exchange. Share were also placed locally at 1813 per cent premium. The full in exchange prevent further sales to Hongkong. Marine Insurance.-China Traders have been placed at $73 ex dividend. Yangtazes were sold at $160 and Straits at $18). Fire Insurance.-No change to report. Shipping.- Indo-China S. N. shares live been sold locally at Tls. 36 and Tls. 36) for cash and Tls. 38 to Tls. 381 for the 31st December, and to Hongkong at $48 and 751, and $19) and exchange 74). Sugar Companies-Chin Sugar Refining shares have been dealt in at 8347 and $143 cash, $10 and $152 for October, and $153 and $15 for December. A cash sale was also mide to Hongkong at $143 with exchange 751, which is equal to nearly $143. Docks, Wharves and Go lown-Business has
been done in F. C. Farnham & Co's shares at Tis. 170 cash an 1 for the end of the month, and for December at Tls. 1724, and cash shares are offering. Shanghai Engineering and Dock shares were placed at Tls. 99 to Tls. 9 cash, and yester- day a forced sale was made at Tls. 90 for the 31st December, while a sale of Founders' shares is are wanted. reported at Tis. 250, and more Shanghai and Hongkow Wharf sbares are offering at Tis. 123 Lands.-Shangbai Land Investment Industrial.- shares were placed at Tis. 91). Shanghai Gas shares changed hands at Tls. 225, Ewo Cotton Mill shares were sold at Tls. 112, and are wanted, and International shares changed hands at Tls. 124, China Flour Mill shares were placed at 19. 57, and American Cigarette shares at Tls. 00 and Tls. 85. Miscellaneous-Shangbai-. Sumatra Tobacco shares were placed at Tls. 9 to Tls. 94 cash, Tls. 99 and Tls. 97 for October, Tls. 100 for November, Tls. 103/103) for December and Tls. Ivô/101 for January delivery. A large business was done in Shanghai-Langkat shares, chiefly early in the week, at Tla. 420 rising to Tls. 455, and then declining to Tls. 430 and Tis. 440 for cash, at Tlz. 420 to Tls. 450 for September, Tls. 485 for November, Tls. 145, Tls. 500 and Tls. 535 for Dec mber, Tis, 575, Tls. 60) and 450 for March and Tls. 56) for May delivery. The closing cash rate is Tlz. 440, and shares are offering for December at Tls. 525. Central Stores shares were sold at $15. Loans.- The following Debentures were placed, pins tho accrued interest:--Shanghai Municipal of 1896 at; Ts. 100, Shanghai Land Investment Company's of 1890 at Tls. 100, and of 1806 at Tls. 10, nnd Perak Sugar Cultivation Company's at Tls. 100
ON LONDON.----
EXCHANGE.
TUESDAY, 28th September.
ON NEW YORK.--
Telegraphic Transfer
.1/9
Bank Bills, on demand
..1/949
$50 $76, sales & sellers
Bank Bills, at 30 days' sight
1/10
Bank Bills, at 4 months sight ...1/10 Credits, at 4 months' sight
1/104
Documentary Bills, 4 months' sight 1/103
On PARIS--
Bank Bills, on demand
2.30
Credits, at 4 months' sight
.2.34
ON GERMANY.—
On demand
1.86
Bank Bills, on demand
.443
Credits, 60 days' sight:
.451
ON BOMBAY.—
Telegraphic Transfer.. Bank, on demand..
.1401
.141
ON CALCUTTA.—-
Telegraphic Transfer Bank, on demand..
1401
.141
.733
741
10 % pm.
$21 $1, sales & buyers $45), sales & buyers $1 $1.40, buyers 13s. 10d. $23, sales & buyers
310 $18), sellera
J. V.
$50 $75, buyers
£5 £2 10% buyers £10-£7, buyers
$50 $61, ex div. sal. &s. $15 $311, sales & buyers £10 $50, sales & sellers $3745, sellers
$10 $12), sal. & sellers Y. VERNON, Broker.
ON SHANGBAL.— Bank, at sight Private, 30 days' sight. ON YOKOHAMA.—
On demand.
ON MANILA.—
On demand..
81% pm.