January 19, 1898.]
CHINA OVERLAND TRADE REPORT.
Raubs have ruled quict at $214 to $22 with small sales at $233 for April. The Company has declared a dividend of 1/- and a simultaneous call of 1/ payable on the 7th February. Olivers A have been sold at $19 and Bs. at $8. Great Easterns have ruled steady with small sales at $3 (82) paid up.)
DOCKS, WHARVES, AND GODOWNS.-Hong- kong and Whampoa Docks continue in demand at the enhanced rate of 229 per cent. prem., bat holders still refuse to part. Kowloon Wharves and Wanchai Godowns without busi- ness at quotations.
The business in Cottons this week has comprised. both English and American wakes, but as usual only what suits the operators has been reported, many of the sales in the book referring to the previous week's dealings. The market is unques- tionably strong, but until there is some concerted action amongst Imp rters it cannot be expected that any upward movement of importance will take place. News from the Outports is encouraging and so far everything points to a prosperous trade in the coming season. The political anflook is much more peaceful, and if there is any reliance to be placed in recent telegrams the future prospects for this country are certainly very favourable, and it seems unlikely that there will be any violent LANDS, HOTELS, AND BUILDINGS.-Hong- changes in the course of trade that were at one kong Lands remain quiet at $74 after sales at time feared imminent. Forward business is $73. Hotels have been negotiated at $55 cash, rendered almost impracticable. by the long $55 for end of the month, and at 3574 for delivery require to execute orders, March ship-March, olosing somewhat quieter at $55.cash. ment being the carlest that can arranged West Points have again changed hands at $22, While for s me makes as late as May is asked, but close with sellers. Humphreys and Kow- Hire the question. of Exchange sfeps in and loon Lands have been put through in small lots prevents anything being done, even if operators at quotations. are wil ing to take the risk so far ahead.
METALS, 14th January.(From Messrs. Alex Bielfeld & Co.'s Report)-Iron has been brisk, both for Old and Newmaterials. Prices have been slightly easier, and many lines can be had at less than quotations. Enquiry has been very brisk, and the following contracts were completed: --400 tons Steel Plate Cuttings at 95,96s., c.i.f., 100 tons Horse-shoes, "spot" Tis.3.18, 100 tons Coke Tis. 21.25, 200 tons Coke 17k., ei f., 100 cases Tin 11s. Gd., c.i.f., 500 ton Sohair, and Goffin Nailrols 126/127s. c.i.f.
Prices calculated by Maerten's Tables at 11 per- cent; Exchange 2/8); Freight Tls. 7.45 ver bale-
Tsatlees.Red Pagoda 3.....
Blue Elephant Buffalo 4
Silver Double Elephant Chintah Stork Chayling
Yellow Silk.-Mienohew
Meeyang..
"). Fooyung.
Hand Filatures. Mars Chop No 1
Tls. Stig.
per
507 11.9)
495 11.6)
486) 11/4
465
10,10
440
103
.300 a 310 7/13 a 7,47 :
300 7:11
200
6.11
530 12:4
JOINT STUČK SHARES.
|
:
MISCELLANEOUS.-Green Islands have been quiet with only small sales at $34 and $18. Electrics have found buyers at $10, Watsons at $12, and Fenwicks at $29. Cottons neglected and without local business at quotations.
Closing quotations are as follow
COMPANY.
Banks-
Hongkong & S'hai... China & Japan, prf.|
Do. ordinary... Do, deferred... Nath Bank of China
B. Shares ... Founders Shares..
Bell's Asbestos E. A........] Campbell, Moore & Co. China Sugar
Cotton Mills-
Ewo...... Hongkong International Laru Khng Mow Soyche Yahlootg Dairy Farm Co......
Fenwick & Co., Geo..... Green Island Cement... Do. New Issne..
HONGKONG, 18th January. The market has ruled fairly active and rates steady to strong, but the near approach of the Chinese New Year holidays is at time of writing beginn-H. & China Bakery ing to have its usual effect and to curtail business.-
BANKS. Hongkong, and Shanghais have been quiet with sellers at 187 and 186 per cent. prem. and nó business. The London latest rate is £45. 15s Od. The directors recommend that $1,000,000 be placed to reserve, about $300,000 carried forward, and the usual dividḍ- end of 25 to shareholders. Nationals. have ..changed hands at $19 and $2.
MARINE INSURANCES. Straits have further weakened to $15 with sales. Nothing else to report under this heading.
FIRE INSURANCES. — Hongkongs continue firm with small sales at $375 and Chinas have found buyers at $1074, closing firm with buyers. SHIPPING-Hongkong, Canton and Macaos › have been considerably firmer and in demand; shares have changed bands at $284. $281, $29, and $294, closing at $294; on time sales were affected for March at $30 and a demand for April at equivalent rates remains unsatisfied. The directors will recommend the payment of the usual dividend for the half-year ending 31st December (le $1.20) and the carrying forward of about $30,000 to reserve. Indo- Chinas have ruled strong with sales at $52) delivery on 31st instant and at $524 cash, market closing with buyers at $53. Douglases have been in some demand and have found buyers at $57 and $573, closing quieter at $57. China and Manilas and China Mutuals un- changed and without business.
REFINERIES-China Sugars have been more or less neglected but steady at $162 cash and with a small demand forward at equivalent rates. Luzons continue to be enquired for at $41 without bringing out any shares.
MINING. Punjoms have slightly improved their position with sales at $6.25, $6.35, $6.50, and $6.75. A telegram from the mine says, "We have struck the reef in the North shaft at depth of 17 ft. below the 200 ft. level. Expect to find rich ore deeper." Charbonnages are obtainable at $110. New Balmorals have receded to $1.30 and $1.20 with small sales and sellers. Jelebus have changed hands at $2.
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.
SHANGHAI, 14th January.-(From Messrs. J. P. Bisset & Co.'s Report)-The market has been fairly active during the week, and there is not much change in rates, except a good advance in Hongkong & Shanghai Bank share,, consequent on a large rise in London. It was reported that the British government was going to guarantee 8:
·large Han which the Chinese government wanted but there seems to be some difficulties over the security which the latter ought to give.. Banks. Hongkong & Shanghai Banking Corporation. Shares changed hands early in the week at 176 and 179 per cent premium., Rumours of the loan. mentioned above, and the rise of prices in London to £44.103., caused an advance, and cash shares were placed at 184 locally and to Hongkong at 185 per cent premium. On time, shares were purchased from 1.ongkong for March delivery at 192 per cent premium. National Bank shares have changed hands in Hongkong at $20. Marine Insurance.-Unions are offering at $230. North Chinas have been placed, and are offering, at $200. Yangtszés were sold at $142}, but the market afterwards weakened and business was done at $140. Straits Insurance shares were såld at $17 cash and $16) for the 31st January. Fire Hongkongs, but Hongkong quotes buyers at Insurance. No local business is reported in
$372. Chinas have changed hands at $108. Shipping-Hongkong, Canton and Macao Steäin- boat shares are offering in Hongkong at $281. Indo-Chinas have been sold at $393 for the 31st March, and more are wanted at the same rate. Sugar Companies.-China Sugar Refining shares were placed at $165 cash and $170 for the 81st March. Luzons are better, shares having been placed at $40. Mining Companies.A sale of Raub Australian Gold Mining shares is reported at $233. Docks, Wharves & Godowns.- Shares in Boyd & Co. are obtainable at 'T'ls. 182}. S. C. Fernbau & Co, shares have been sold at Th 1671. Shanghai Dock shares have been sold, and are offering, at Tls. 75. One or two lots of Shanghai & Hongkew Wharf shares have changed bands at Tls. 126. Lands.-Business has been done in Shanghai Land Investment shares at Is.”90, and more are offering. Industrial.-Shanghai Gas shares changed hands at Tls. 225, cum the dividend of Tis. 6 and-Tis. 2 of interest on the reserve fund, payable on the 20th current. In Cotton Mill shares: Ewos have been placed at Tls. 100 and Tls. 101, Internationals at Tls. 113 cash, Tls 114 and Tla. 116 for March, TIs. 116 for April and Tis. 117 for May, Laou-Kung-Mows. at Tls, 101 and Tls. 105 cas' and Tls. 110 for $10 510, sales & sellers April, Soy Chees at Ts. 549, cum dividend,
[PAID UP.
Land and Building-
H. Land Investnient. 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. .B. Punjom
F
Do. Preference...! Raube
New Amoy Dick Steamship Coys.
China and Manila China Mutual Ord...' Do. Preference... Douglas S. S. Co..... H. Canton and M.. Indo-China S. N.
Tebrau Planting Co.... United Asbestos
Do.
Do.
Wanchai Wareh'se Co. Watson & Co., A. §.........'
QUOTATION.
[$358.75 $125 187 " prem=
-£5 nominal £3 10s. ominal
£1.5. 5s., buyers
£8 $20 £120 £1 $5 $109.75, sellers $100 162
Tls. 100 rs. 100, sellers 2017, sellers
Fls. 100 Tls. 110 Pls. 100 Pls. 105
Ils. 500 Tls, $40. rls: 100 Tls. 90
$5 $53
$25 529, sales & buyers $10 $34, sales,
$21818
$50 $33
£10 $120
$100-105
$5055, sales & sellers $25 $113
$50 $58, sales $50 $171, buyers $125 $229 p. ct. prem.
$411.25, buyers
$50 $150 $20 ($107), Bal.& buyers $25 $71, sellers $50 $75, anles
£25 Tls. 18, buyers
$20 $15, salês $25 $229, sellers $60142, sellers
1
$50 $78, sales & buyers $10 59.25, sales $30 $19
$40 $21, buyers $100 511, buyers
Fes. 500 $110, buyers
$ 6, sellers $24 $3, sales & sellers $5 $2, sales & sellers $1 $1.20, sellers $1 $1.30, sellers $5 $19, Fellers $23$3, sales & sellers $ 62, zales $1 $1.50, buyers 13s, 10d. $21), buyers
glu $18, sellers
J. V.
$50 $76, sellers
£5 £2 158. buyers £10 £7 10s buyers $50 $57, sales $16 $291. sal. & buyers £10 $53, buyers $5 $5, sellers-
$2 $2, sales
$2 $2, sellers $10 $10, nominal $371840), ex div.
$10 $12, sales & sellers Y. VERNON, Broker.
which is reported to be 4 per cent., and Yah Loones nt T18. 90, and wanted. hina Flour Mill shares were placed at Tls, 62, and Shanghai Feather Cleaning shares at Tls. 600. Miscellaneous. Shanghai-Sumatra Tobacco shares were placed at Tls. 95 cash, Tls. 95 for January, and 113. 071/99 for March. The market is easier and shares are offering at Tl. 95 cash, or perhaps a little under, Shanghai-Langkat Tobacco shares have been sold at Tls. 375, Tla. -370, TIs. 375, and Tls. 360 cash, Tls. 415 for the 18th February, and Tis, 475 for the 31st May, cum the new issue at par in all Cases. Siares in J. Llewellyn & Co. were placed at $60. Hall & Holtz shares at $284, A. S. Watson & Co. shares, from Hongkong, at 124, and Green Island Cement shares, from Hongkong, at $35), for delivery on the 31st March. Loans.-Shanghai and Hongkew What 6 per cent Debentures were sold, and are wanted, at Tls. 100, plus the accrued interest. Country Club Debentures were sold at par, accrued in- terest, as usual.
ON LONDON.-
On PABIS.-
EXCHANGE.
TUESDAY, 18th. January.
Telegraphic Transfer
.1/111
Bank Bills, on demand
∙1/11/
Bank Bills, at 30 days' sight.
1/11
Bank Bills, at 4 months' sight ...1/11
Credits, at 4 months' sight ..1/11 Documentary Bills, 4 months' sight 1/11
Bank Bills, on demand Credits, at 4 months' sight
2.43
2.47
ON GERMANY,
On demand
.1.96$
ON NEW YORK.-
Bank Bills, on dẹmand
ON BOMBAY.—
Credits, 60 days' sight
Telegraphic Transfer. Bank, on demand,
144