334
EXPORT OF SILK FROM CHINA AND JAPAN TO EUROPE.
1597-08
1896-97
b.les.
bales,
Shanghai
28,305
21,071
Canton Yokohama...
......
13,032
13,705
7,915
3,676
19,342
37,452
EXPORT OF SILK FROM CHINA AND JAPAN
Shanghai
Canton
Yokohama.
TO AMERICA.
1897-98
CAMPINGR
1396-97 bales.
THE HONGKONG WEEKLY PRESS AND
|
Malwa. The demand having continued dull rates have fort er receded. Latest figures are na fllows :--
New (this yr'-) $800 with allowance of 2
(Jast )$$30
Old (25 ) 8-50
J
+
to 3 cts. to 3
1
1
to 2
to 0
"
31
"
(6/12..) $800 Persian-There has been a fair amount of business transacted in this drug during the period under review, prices for which have not under- gone any alteration, current rites being $50) to
$68) for Oily and $50 to $710 for Paper-wrapped drug, ace rding to quality.
To-dny's storks and e-timated as under:- Now Patna.
933 chests. 531 270
530
7
COURSE OF THE HONGKONG OPIUM MARKET,
bales.
4,896
545
New Benares
5,828
716
Ma'a
11,389
3,274
Persian
22,113
4,535
PATNA.
HONGKONG, 26th October. The market is brisk and prices advancing, quotations for
DATE.
Now. Old.
1897.
$
$
Oct. 21
710
Oct.
22
710
Oot. 23
710
Oct. 24 Oct. 25 710
710
Formosa are nominally $49.00 to $49.25. Sales, 300 piculs,
SIGAR
HONGKONG. 26th October.-The market is firmer and there has been a slight recovery in prices. Quotations are:-- Shekloong, No. 1, White...87.32 to
do.
2. White... 6:92 to
do.
"
1
7.35 per pel. | Oct. 26 710 6.94
دو
"
4.70
4.60
"
7.30. 6.83
""
4.67
2)
Shekloong, No. 1. Brown... 4.67 to 2, Brown... 4,58 to Swalow, No. 1, White... 7.27 to
do.
2. White... 682 to Swatow, No. 1, Brown... 4.65 to
do.
2. Brown... 45 to 4.58 Soochow Sugar Candy. .11.15 to 11.18 Shekloong
ל
او
1
BENARES.
MALWA
New. Ola New. old.
$
$
$
$
7071
7074
7071
7071
707 7072
RICE.
[October 27, 1897.
here; the in tructions, however, are not to rush things, but to quietly freeze out the unfortunato hollers, They know full well the disinclination there always is to carry goods through the winter, and they are just waiting to get them at their own prices, and, if we are not much mistaken they will snerved. Manchester is doing nothing to weaken prices her, but it looks more than probable that our worst fears, as expressed Inst week, will be fully realised by the action of Manufacturers in the United States, and this become the dumping ground of their surplus stocks. The outlook is no cheerful, but there seems to be no help for it. The goods are made in uiter disregard of the probable or even posible demand for them, and have to be get rid of, and will be offered at lower prices until some one it tempted to buy them. Now is the time to drive a lesson home, if Importers will only use a little discretion and combine against this rueful spoliation of their trade. Surely the experiences of this last year- should be sufficient to all not to encourage the natives to onbark on these speculative trans- actions, which must cause rnin to many who have A glance been engaged in the trade this season. at the figures alone clearly shows that there is an ample supply, here and on the water, for all requirements up to the end of Jane next; to countenance further importations will be suicidul. The one great safeguard at present is that Importers have not implicit confidence in their native friends that they had. Telegraphic advices from Tientsin report a sudden drop in both American goods and Yarns, the latter four to five taels a bale. The quotation for Indian Head Sheet- ings is now Tis. 3.5. Vewchwang is very quiet, an the time is growing short for anything more Possibly to be done for that market this season. orders are being kept back, as with the Tientsin buyers, owing to the uncertainty of Exchange movements. The ap river demand is very unsatis. factory, and learances this week generally have | been poor.
There has ben a further fall in the Yarn market of fully two taels a bale, and trouble has commenced with the Native Indentors, one i responsible individual having disappeared from the Avene, leaving liabilities to the tune of some Tis. 20 000, behind bim, representing the loss on 1,200 talus. Native Cotton is steady, the best machine ginned remaining at Tls. 15.40 per picul,
800-830/850/890 800/830/850 890 800 830 850 890 800 830 850.890 800 $30 850/890 800 830 850,890
HONGKONG, 26th October.-There has been a large increase in prices on this market but the Canton market is weak. Quotations are:-
Saigon, Ordinary
$2.87 to 2.90 3.15 to 3.18
*
}
9.77 1 9.80
**
MISCELLANEOUS EXPORTS.
Per steamer Lucy A Nickels, sailed on 19th Oct. For New York:-40 packages canes, 100 casks preserves, 150 casks soy, 250 bales, broken cassia, 462 packages rattauware, 500 bales hemp, 815 chests tea, 875 packages fire crackers, 4,560 rolls matting, 5,750 boxes palmleaffans, and 607 packages merchandise.
Round, good quality: Long
Siam, Field, mill cleaned, No, ?
J
Garden,
White..
31
27
Fine Cargo
COALS.
3 35 to 3.38
No. 1
2.92 to 2.95 3.42 t 3.40 4.27 to 4.30 4.62 to 4.6
HONGкove, 26th October.
$16.50 to 17.50 ex ship.
Markt steady. Sales of Japanese 10.000 tons at $8.75 and $10.2 Quotations are :—
Cardiff
Australian...
Mike Lamp... 10.00 to 10.50 ex ship, nominal Mike Small... 8 50 to 10.50 nominal Moji Lump 8.016 9,50 ex ship, steady
$9.00 to 9.40 small. 10.50 lump.
The P. & O. steamer Sumatra, sailed on the on 19th October. For Buenos Aires:-1,000 packages tea. For London:-5 cases cigars and 250 bales hemp from Manila, 100 bales waste silk, 18 bales canes, 26 bales feathers, 295 rolls mats and matting, 16 cases black woodware, 39 cases chinaware, 8 cases private effects, 13 cases' cigars, 16 cases dry ginger, 913 cases preserves and 350 casks preserves, 2 packages suudries, 11,619 (boxes tea.). For London and/or Manches. ter:-75 bales waste silk. For Malta:--5 boxes curios, and I box silk piece goods. For Milam:
84 bales waste silk. For Trieste -225 pack-pieres 7 16. Mexican Father Brush at $2.02. ages tes. and 8 bales leaf tobacco.
MI÷JELLANEOUS IMPOETS. HONGKONG, 26th October -Amongst the sales reported an the following:-
Per steamer Dardanus, sailed on the 19th Oct. For London:-1779 boxes tea (100,275 lbs.), 17 cases blackwoodware, 20 cases vermilion, 37 cases cigars, 27 cases m. o. p. shells, 2.678 cases ginger, 450 casks giuger; 1.290 bales hemp, 76 bales pierced cocoons, 100 bales waste silk, 60 bales canes, 9 packages effects, 89 packages rattanware, aud 14 packages sundries. For London and/or Manchester: 50 bales wasté silk. For London and/or Rotterdam and/or Hamburg and/or Amsterdam:-100 cases ginger. For Manchester:-1 package effects,and 150 bales waste silk. For Liverpool:-2.500 bales hemp, and I case clothing. For Glasgow :-5 cases blackwoodware, 50 cases preserves, and 50 casks preserves.
Per steamer Ravenna, sailed on the 21st Oct. For London:-120 boxes lychees from Foochow, 50 bales raw silk, 9 cases silk piece goods, 5 cases sundries, 500 cases dryginger, and 374 boxes tea (unknown). For Manchester:--50 bales' waste silk. For Gibraltar-1 case silk piece goods, 2 cases chinaware, and cases curios. For France:-107 bales raw silk, 204 bales pierced cocoons, and 3 cases silk piece goods.
OPIUM.
HONGKONG, 26th October.-Bengal.-The mar- ket has been fairly active and rates have kept steady throughout the interval, closing quotations being $710 for New Patna and $7074 for New Benares.
YARN AND PIECE GOODS:-Bombay Yarn.- 755 bales No. 10 at $84 to 80, 15 bales No. 12 at 90 to $95, 131 bales No. 16 at $91 to 395, 370 bales No. 20 at $101 to $108. T-Cloths-375
METALS.-Tin-100 slabs Foongebai at $39.50. Iron-30 tons oll wire ropes at 2.
SHANGHAI. 21st October.—(From Messra. Noël, Murray & Co's. Piere Gon is Trade Report)— There is still nothing of an encouraging niture to chronicle with regard to this market, on the contrary it is going ra idly from bad to worse and there seems to be no stopping it. It would b too much to attribute the present distressful state of things entirely to the Auctions, but without question they are contributing, largely The dealers ere are not in the towards it. position to support prices, even if it were to their
interest to do so, and as orders from the country are being withheld pending something more definite, if possible, regarding the fate of Ex- change, there is nothing to keep them up, but at the same time the decline has not been greater than the rise in sterling rates, as can be seen by comparing the prices paid on 29/30th September, when Exchange was 2. with those ruling yes- terday and to-day. As the Ewo Auction the decline is 83 per cent. on 8.4-lbs. Shirtings and 73 per cent. on the heavy Shirtings, while the Yuen-foug comparison is mos e favourable, being only 5 per cent. on 8.4-lbs. Shirtings and 63 per cent. on the heavier makes. Under the cir cumstances, therefore, it will be seen that prices nre hobling their own remarkably well, but it cannot be denied that the Auction quotations have all along been 1. nduly low and quite ont of range of the cost of repl cing The situation bere is undoubtedly being vor carefully watched by operators at the Outports, who are pursuing the policy trually so successfully carried out by the Natives, namely, that of waiting. The dealers admit that there is a plentiful supply of order,
METALS, 22n¡ October.—(From Messrs. Alex. Bikeld & Co's. Report.)-The past week has shown a continuation of that utter stagnation which we have had to chronicle for the past month and more. Exchange is the topic, and it is impos-ile to transact any business not only in thi- line but in any of the branches of the import trade. Another factor in the already long bst of causes of hirr.ssment again-t which the mer- chant bos to contend is the aetion of the Chinese, many of whom during the past week have rejosted the cargo ordered by them. This still further serves to dishearten the already sadly hamp red porter, and wany of them are looking into the fature through very dark glasses indeed.
ON LONDON.—
EXCHANGE.
TUESDAY, 26th October.
Telegraphic Transfer
On PARIS.-
On demand ON NEW YORK.-
1/11/
Bank Bills, on demand Bank Bills, at 30 days' sight
1/1178
..1/11
Bank Bills, at 4 months' sight ...1/11 Credits, at 4 months' sight
..1/11/
Documentary Bills, 4 months' sight 1/11
Bank Bills, on deinand
.2.43
Credits, at 4 months' sight ON GERMANY.
.2.47
1.961
Bank Bills, on demand Credits, 60 days' sight ON BOMBAY.-
467
.477
147)
..148
.1474
.148
.754
761
.43 % pm.
,3% pm.
10.19 544
Telegraphic Transfer. Bank, on demand. ON CALCUTTA,——
Telegraphic Transfer Bank, on demand. ON SHANGHAL.—
Bank, at sight Private, 30 days' sight.. ON YOKOHAMA,——
On demand.
ON MANILA.-
On demand. ON SINGAPORE.—
On demand. SOVEREIGNS Bank's Buying Rate GULD LEAF, 100 fine, per tael
.par.