November 24, 1897.]
Composition Nails
Steel to
6.10 to
3.75 to
124.00 to
CHINA OVERLAND TRADE REPORT.
EXCHANGE,
TUESDAY, 23rd November.
to
Japan Copper, Slabs
27.50 to
Tiles
Tin
27.50 to
to
ON LONDON.-
Telegraphic Transfer
1/111
per box.
Bank Bills, on demand
1/11 국
Tin-Plates
Bank Bills, at 30 days' sight
..1/11
per cwt. case
Bank Bills, at-4 months' sight...1/11
Credits, at 4 months' sight
1/11
SUNDRIES
Quicksilver
per picul.
Documentary, Bills, 4 months' sight1/11}}
On PARIS--
Window Glass
per box 3.50 to
Bank Bills, our demand
2.45
"Credits, at 4 months' sight
2.491
Kerosene Oil
per 10-gal. case
1.96 to
ON GERMANY.—
On demand
ON NEW YORK.-
Bank Bills, on demand
.47%
•
Messrs.
Credits. 60 days' sight
.481
ON BOMBAY.—
Telegraphic Transfer.
.151
Bank, on demand...
ON CALCUTTA.--
Telegraphic Transfer: Bank, on demand.
SHANGHAI, 18th November.-(From Noël, Murray & Co's. Pice Goo is Trade Report)-Wi: the presen' severe stringency in our money mark t it is natura ly im ossible to expect much morement in Imports, and if relief | does not snon come in some s'ape the ontlock for the remainder of the season is n most gloomy one. Native interest during the past week has flnet- uated between 22 and 34 per cent. per annum, the stock of Syrer in this place having been reduced to much below current requirements, and is having very de rimental effect
a
on business generally. In addition to this Exchang bas been on the rise throughout the week, until it reached 2s. 8d. yesterday; and correspondingly better rates forward, the Banks showing more willingness to entertain business ahead, but a reaction has taken plice to-day, in consequence | of a decline in Silver at home, and it is almost impossible to get a quotation except for immediate transactions. One or two holder: have taken advantage of what enquiry there has been and have met the views of buyers in the matter of price, rather than carry the gools through the Winter, and this has led to considerable resales of similar goods that were in native hands and being held for higher rates. By those means clear inces have improved somewhat, though the market has been lowered, the merchants reaping
the benefit again. This certainly does not help the situation, except-perhaps by widening the margin alrea ly existing between the prices enr- rent bere and what the goods can be replaced at, and in that way future supplies may be curtailed. The Newchwang season is practically over, the last steamer clearing from this on 16th inst. Shippers apparently preferred sending Yarn to Piece goods, the last few steamers taking fairly large quantities of the former. The enquiry for Tientsin is still far from strong, th dearness of money there considerably hampering the trade. It is satisfactory to note that arrangements have been made by the Inspector-Gen ral of Customs whereby communication between that port and this will be greatly facilitated during the coming winter, which will no doubt enable us to keep in closer touch with that market through the closed season. The Hankow men are still in the market and are picking up cheap pares both from first and second hands. The enquiry for hefoo also continues and further purchases of American goods and Yarns have been made.
METALS, 19th November.—(From Messrs. Alex. Bielfeld & Co.'s Report -The week has been an interesting one, if not gool for trade and the most sceptical must admit that there conli not have been a worse week for importers than tha just el sed. Silver is so scarce and there appears to be a famine in the banks of the East. With interest ranging from 10 per cent. asked by the foroigu banks on the best securities, to 25 per cent. and 32 per cent, asked by the Native bankers, it is, of course, impossible to expect that there could be any deliveries. This is the actual state. One of the largest importers is our authority for the statement that during the last three days not a package of cargo has left his godowns. Just before the closing of New- ehwang there has invariably been a rush in years gone by, but this year, on the contrary, the only thing that has had to be shipped there to tide the Chines over the close season appears to be sycee, as they report that they are so well stacked from earlier in the year that they will take nothing: And this, together with the tight ness of the money market, has resulted in a most dismal werk for importers. Stocks nie lower than they have been for a long time, but this has not bad the usual effect of strengthening prices. Many of the most sanguine have now given up all hope till after the Chinese New Year, and there is much depresion in conse- quence, We make the stocks as follows:-Lead about 400 tons, Horse shoes about 3,600 to 4,000 tons, Nailrods about 2,000 tons, Bar Iron about 1,000 tons, Cobbles about 500 to 600 tons.
ON SHANGHAI.---
Bank, at sight Private, 30 days' sight.. ON YOKOHAMA.-
On demand.
ON MANILA. -----
On demand.. ON SINGAPORE.—
On demand. SOVEREIGNS Bank's Buying Rate GOLD LEAF, 100 fine, per tael
1.981
.1514
151 .1511
411
prem, and Wanchais at $444, but Kowloon Wharves have declined to $61.
LANDS, HOTELS, and BUILDINGS.-Thore is but little to report under this heading. A few Hotels have changed hands at $49 and $50, closing with sellers at the latter rate. A limited number of West Points and Humphreys have also changed hands at quotations.
MISCELLANEOUS.-Green Islands have been negotiated at $304 and 8304 for old and at $154 and $15 for new, closing steady at the latter rate. Electrics have changed hands at $10, and Watsons at $121. All Cotton Mills have ruled quiet and neglected at quotations and without any local business. Other -tocks under this heading remain unchanged with no business to report. The Ewo Cotton Co. has published accounts to 31st October. The working ac- count for 24 weeks shows a credit balance of Tls. 41,261,64; with this amount it is proposed to pay the balance of preliminary expenses Tls. 3.957.78, a dividend of 3 per cent., and to carry forward Tls. 2,303.86 to new account; the General Managers have waived their com- mission, which on the amended scale amounted to Tls. 4,228.12.
Closing quotations are as follow :-
[PAID UP. QUOTATION.
COMPANY,
.734
711
.4 % pm.
Banks-
.5 % pm.
Hongkong & S'bai...... China & Japan, pri.
.4% pm
10.08. .53.00
Do. ordinary.. Do. deferred.. Natl. Bank of China]
B. Shares Founders Shares.. Bell's Asbestos E. A.....
JOINT STOCK SHARES. HONGKONG, 23rd November. The market continues dull and inactive, with no business Campbell, Moore & Co. of any consequence to report,
'BANKS.-Hongkong and Shanghais have been on offer at 179 per cent. prem. without leading to business and a point lower would doubtless find sellers. Nationals continue un- changed at $23 without business.
MARINE INSURANCES.-China Traders have changed hands at the reduced rate of $7Q and more shares are wanted at that rate without finding further sellers. Other stocks under this heading continue quiet at quotations and without business.
FIRE INSURANCES.- Neither Hongkongs nor Chinas have changed hands during the week and the market closes with sellers at $367
and $107.
SHIPPING-Hongkong. Canton and Macaos have continued dull and a few shares have changed bands at $293 and $29; at $284, however, there appears to be a small unsatisfied enquiry and the stock closes fairly steady at $29 for cash.
On time some transactions were put through at $30 and $31 for February. Indo- Chinas remain on offer from the North at $51 with small sales during the week. Douglases have found further buyers at $57 and $57 and close steady at last rate. China Manilas and China Mutuals continue out of the market at quotations.
REFINERIES. China Sugars have ruled quiet and neglected with only small sales at $160 cash and at $161 for December, closing weak with sellers at $159. Luzons continue at $44
without business.
MINING.-Punjoms have been in somewhat better favour and have. found buyers at $3.90, $4, $4.10, 84.25, $4.50, and $4.60, closing The Secretary of the steady at the last rate.
that the date in last Company informs me report (31st December) for payment of call, &c., is not correct and he has since issued a circular advising the 20th December as the correct date, which. should be noted by share- holders. In regard to the transfer of shares in the old Company the Secretary informs me that the matter is entirely at his "option and courtesy." New Balmorals remain unchanged with a small business at quotations. Jelebus have changed hands in small lots at $2.10, Olivers B's at $8.10 to $8.25, and Caledonians at $3. Raubs have ruled steady at $23 with small sales and close with sellers. On time shares have changed hands at $234 for January and February and at $233 for March, and more could be placed on similar terms.
DOCKS, WHARVES, AND GODOWNS, — All stocks under this heading hare ruled quiet and neglected and without business. Hongkong and Whampoa Docks continue at 226 per cent.
China Sugar Cotton Mills-
Ewo... Hongkong Intern ti nal Lau Kung Mow Soychee Yahloong Dairy Farm Co. Fenwick & Co., Geo.... Green Island Cement...
Do. New Issue H. & China Bakery
Hongkong & C. Gas Hongkong Electric H. H. L, Traniways Hongkong Hotel Hongkong Ice
H. & K. Wharf & G... Hongkong Ropet.. H. & W. Dock Insurances-
Canton..... China Fire China Traders Hongkong Fire
North-China Straits
Union Yangtsze Land and Building-
II. Land Investment. Humphreys Estate...! Kowloon Land & B. West Point Building Luzon Sugar Mining-
Charbonnages
Great E. & C'doni.n Do. Do. Jelebu
New Balmoral
Do. Preference Oliver's Mines, A.... Do. -B.. Punjom
Do. Preference... Raubs
New Amoy Dick Steamship Coys.
China and Manila .. China Mutual Ord...
Do. Preference... Douglas S. S. Co. II., Canton and M... Indo-China S. N.
Tebrau Planting Co.
Do. United Asbestos
I'o.
[$3-18.75, seller
prem
$125 17 "% £5 non inal
23 108. nominal
£1 £5.5s., buyers
£8 $23
£123, inyers £1 $5
$10 $8.75, sellers $100159, ellers
Tis. 100 TL. 111, sellers
420 17
Tls. Tl. 115 Tis. 100 Tls 114 Tls. 500 Tls. 560 Tis. 70 Tls. 70
$5 $4.75, buyers $25 28 25. buyers $10 $30), sal. & buyers $2 $15), sal. & buyers $50 $33, buyers £10 $110, buyers $10 $10, sales $100:12, buyers $50 +50, sellers $25 $113
$50 $61, rellers" $50 $170, buyers $125 $226p et. prem.
[$407), sellers $50 #157), sal. & sellers $20 $107, sellers $25 $70, sales & buyers" $50 $367), sellers
£25 Tls. 148, buyers
$20 $17, sellers
$25 $28, sellers
$60 $155, sellers
$50 $75, sellers $10 $9.50, sales & sellers $309, ellers $40 $214, sales $100 $44.
Fes. 500 $105, sellers
$5 $6, buyers $23$3, sales & sellers $5 $2.10, buyers $1 $1.40, sal. & buyers $1 $1.50, sal. & buyers $5 $20
$24 $8.25, sul. & buyers $4 $4.60, sales & sellers $1 $1.30
13s. 10d. $224, sellers
glu $18, sellers
Wanchai Wareh'se Co. Watson & Co., A, §. .....]
J. V.
$50 $76, sellers
£5 £2 18. buyers £10 £7 10s. buyers $50 $57, sales $15 $191, ellers £10 $51, sales $5 $5, sellers
$2 $2, sellers
$2 $2, sellers
$10 $10, nominal
$37) $44), ælter
$10 $121, sales & buyers Y. VERNON, Broker.
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