February 2, 1898.]
- SHANGHAI, 27th January.-(From Mesirs. Noël, Murray & Co.'s Piece Goods Trade Report).- Although the Chinese New York holidays have occurred during the interval, and therefore the greater part of it was a complete blank so far as business was concerned, sufficient has been done to justify a report for this mail. There certainly seems to be a tendency to curtail the festivities here as much as possible, at all events in this branch of the trade, for sonis of the dealers were round trying to pick up bargains on the fourth day of the moon, which is unusually early, the Native Banks seldom opening before the fifth, and on this occasion the foreign Banks were closed until today, the sixth. Considering the important factor that Exchange is in all transac- tions nowadays it was a little trying to holders to fix a selling price without knowing what sterling rates would be, but as a rule they seem to have been inclined to meet enquirers in a liberal manner, and a fair number of transactions, of more or less a complimentary character, have taken place. It is early yet to pass any judg- ment on the prospects for the season, but so far they undoubtedly look very auspicious. All the leading Native Hongs appear to have resumed business and also a fair proportion of the Banks, it being a little early as yet for the latter to show their full strength. That a little more care will be exercised in giving credit to outside men in the trade will surely be the outcome of the ex- perience of the past season, and Importers need no caution to beware of the men of straw who did so much to bring discredit on the trade last year. The Yuen Fong Auction was held this morning and passed off satisfactorily, considering that no advices have as yet come in from the outs de markets, and what was bought was simply in anticipation of orders. There is a decidedly firmer feeling in the Yarn market and transactions in both Indian and Local spinnings show an advance. Prices in Japan arg on the boom, and it is thought that the recurrence of the plague in the Bombay Presidency will curtail supplies from that quarter. The local dealers are asking high
· prices for Cutton, but so far, with exception of a small quantity of cominon quality for Japan, nothing has been done. Large supplies of the raw staple are being shipped from America for both Japan and China at prices that will lay it down well 'under what is wanted for native Cotton at present.
JOINT STOCK SHARES. HONGKONG, 1st February.-The market has been somewhat quieter during the week under review with no special features to report.
BANKS. Hongkong and Shanghais have changed hands in small lots at quotation and are still obtainable for cash and at equivalent rates on time. Nationals have found small buyers at $19.and $19§.
MARINE INSURANCEs,-All remain quiet at quotations and without business.
FIRE INSURANCES.-Hongkongs have ruled steady but quiet with small sales at $375, Whilst Chinas have improved to $109 after
sales at $108, $1081, and $109.,.
SHIPPING.-Hongkong, Canton and Macaos continue weak and out of favour at $273 ex dividend paid yesterday. Douglases have found buyers at $57, closing with sellers. Indo- Chinas have been negotiated at $55 and $56 for cash. China Mutuals and China Manilas remain unchanged and without business.
REFINERIES.-China Sugars have ruled quiet but steady at $168 with a small business at that and equivalent rates for March and April. Luzons continue more or less neglected at quotation, and with sales at $434, closing at $43 with sellers.
MINING.-Punjoms continue steady, a small demand having sent them up to $74 with sales, closing with strong buyers at $73° whilst preferences have been done at quota- tion. Charbonnages have improved to $120 with buyers and no shares available except at a substantial advance. Balmorals remain in- active with sellers at quotation and little or no business to report. Jelebus have changed hands at quotation, also Olivers and Great Easterns, all closing quiet. Raubs have been dealt in to a fair extent at $22 and close with shares offering at that rate cash and at equiva- lent ones forward.
LANDS, HOTELS, AND BUILDINGS.-Hong kong Lands have been done at. $74 cum divi- dend and close with buyers at $72 ex dividend. Hotels have been quiet and on offer at $54 without business. West Points continue quiet at $20.25 ex dividend.
CHINA OVERLAND TRADE REPORT.
DOCKS, WHARVES, AND GODOWNS.-Hong- kong and Whampoa Docks have ruled firm and have changed hands at 234 and 236 per cent. prem., closing with buyers at the latter rate. Kowloon Wharves quiet and without business at $58. Wanchais remain steady with no business.
hands at $29 and are now wanted at $30. MISCELLANEOUS.-Fenwicks have changed Watsons have been doue at $11.90 and Ropes sales of Laou Kung Mow's at Tls. 106. at $172. Cottons remain dull with only small
Closing quotations are as follow:-
COMPANY. -- [PAID UP. QUOTATION.
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...
Do. New Issue 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-a
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
•
+
[$357), sellers $125 186 j 10 prem-
£5 nominal £3 10s.nominal
£1 £5. 58., buyers
£8 $20 £1 $20
£1 $5 $10 $8.75, sellers $100 $168, sales
Tis. 100TIs. 100, buyers $26-17, sellers.
Pls. 100 Tls. 110
Tis. 100 Tls 106, sales" Fls, 500 Tls, 540 Tls. 100 TIs. 90
$5 $51
1/
$25 $30, buyers $10 $34, sellers
$24 $18 $50 $33 £10 8120
$10 $10, sellers $100 $105
$50 $54, sellers
$25 $113, sales $50 $58
$50 $172,sal. & buyers
$125 $234 pót; prem.==
420, sales & b.
$50 150, sellers
$20 $109), sales $25 $70, sellers $50 $375 £25 Tls. 198 $20 $14, sellers $25 $229, sellers $60 $142), sellers
87.
same price. Shipping.-Indo-China S.N. shares have been in demand, and business was done at Tls. 40 cash and Tls. 41/42 for the 30th April. Sugar Companies.-Perak Sugar Cultivation shares were placed for delivery on the 31st March: at Tls. 37 Chic Bugar Refining shares were Bold for delivery on the 31st March at $170 and $1721. Luzon Sugar Refining shares are
wanted at $43. Docks, Wharves and Godowns. private terms, and are offering at Tls. 165. S. C. Farnham & Co. shares were sold on Shanghai Dock shares were sold at Tls. 70, and Shanghai and Hongkew Wharf shares at Tis.. 122. Landa.-Shangbai Land Investment shares were pliced ht Tla. [92 and Tls. 93. Industrial-International otton Mill shares. were placed at Tls.112 cash and Th.116 for the 30th April, Laou-Kung-Mow shares at Tls.110 for. the 31st March, and Yah Loong shares at Tls. 92). Miscellaneous-Shanghai-Sumatra Tobacco shares have changed hands at Tls 93 cash and Tls.92 and Tls.95 for the 31st March. Shanghai- Langkat Tobacco shares were placed at Tis.400 cash, Tle.400 for the 31st current, and Tls.430/150 for the 31st March, and Tls.450 for the 30th June. Loans.-Shanghai Land 6 per cent. Debentures were placed at Tla.101/2, and Country Club 6 per cent. Debentures at Tls:100, plus the accrued interest in both caɛes.
Quotations are:-
Hongkong and Shanghai Banking Corporation.
-$358.75.
Bank of China Japan, and The Straits, Limited,
deferred shares. £5.5.0.
Bank of China, Japan. and The Straits, Limited,
ordinary shares.-Nominal.
National Bank of China, Ld.~$20, ·-
National Bank of China, Ld., Founders.-23. Union Insurance Society of Canton; Ld.—$230. China Traders' Insurance Co., Ld.—$71.
North China Insurance Co., Ld.—TIs. 200,00. Yangtsze Insce. Assocn., Ld.-$140)
Canton Insurance Office, Ld.-$150.
¿
Straits Insurance Co., Ld.-$15].
[& buyers
$50 $72, ex div. sales
$10 $9.25
$30 $17, ex div. sales
$40 $201, ex div. $100 $43, sellers
Fes. 500 $120, buyers
$5 $6
$23$3.10, Fales
$5 $2, sales & buyers
$1 $1.10, sales
$1 $1.35, buyers -
$5 $19, ellers
B.
Do. Preference... Raubs
New Amoy Dock Steamship Coys-
China and Manila China Mutual Ord... Do. Preference... Do.
'. Do. Douglas S. S. Co. H., Canton and M... Indo-China S. N, Tebrau Planting Co.
Bo. United Asbestos
Do.
$2 $8, sellers
$5$71, sales & buyers $1 $2, sales
138. 10d. $22, sal. & sellers
$10 $18, sellers
$50 $76, sellers
£5 £2 158. sellers £10 £710s. sellers 105 10s. sellers $50 $57, sal. & sellers $15 $271. ex div.ellers £10 $56, sellers $5 $5, sellers $2 $2, sales
$2 $2, sellers $10 $10, nominal $371 $41, sales $10 $11.90, sales J. V. Y. VERNON, Broker.
Wanchai Wareh’se Co. Watson & Co., A. 8.....
SHANGHAI, 28th January.-(Froin Messrs. J Year holidays have interrupted business. Banks. P. Bisset & Co.'s Report)-The Chinese New Hongkong & Shanghai Banking Corporation. The only business reported on our market is a small sale at 187 per cent premium for cash. No business is reported in National Bank of China shares. Marine Insurance.-Unions are offering at $229. North Chinhs bare changed hands at T. 200. China Traders' shares are offering at $71, and Cantons at $150. Straits shares have been purchased from Hongkong at $15. Fire Insurance. Chinas have changed hands here at $108, and shares are offering at the
|
Hongkong Fire Insurance Co., Ld —$367}.
China Fire Insurance Cp., Ld.-$108.
Hongkong, Canton and Macao Steamboat Co.
-$20
Indo-China Steam N. Co., Ld.—Tls. 40.00.
Douglas Steamship Co., Ld.—$57.
China-Mutual Steam Nay. Co., pref. shares.
Tls. 52.00.
Perak Sugar Cultivation Co., Ld.-Tls. 36.00.
China Sugar Refining Co., Ld.—$165.
Luzon Sugar Refining Co., Ld.-40. Sheridan Consolidated* Mining and Milling
Company, Limited.-Tlr, 2.50.
Punjom Mining Co., Ld.—864.
Punjom Mining Co., Lid., pref. shares.-$1.20. Jelebu Mining & Trading Co., Ld.—§2..
Raub Australian Gold Min. Co, Ld.—§231. Boyd & Co., Ld.,. Founders. Nominal: Boyd & Co., Limited. Tls. 182.50.
8. C. Farnham & Co.-Tls. 165.00,
Hongkong and Whampoa Dock Co., Ld.-$$138. Shanghai & Hongkew Wharf Co.-Tis. 122;00. Hongkong and Kowloon Wharf and Gown
Company, Limited.-$58.00.
Shanghai Land Investment Co., Ld. (fully paid)
-Tls. 92.50.
Hongkong Land Invest. & A. Co., Ld.-$74,00, Kowloon Land & Building Co., Ld.-$19.00. Humphreys Estate and Finance Co., Ld.—$9}, Shanghai Gas Co.-Tis, 217:00.
Major Brothers, Limited.-Tls, 32.00. Ewo Cotton Spinning & W. Co., Ld-Tls. 100.00. International Cotton Man, Co., Ld.-Tls. 112.00. Laou-kung-mow Cotton Spinning and Weaving
Co., IL. Tls. 105.00.
Boy Chee Cotton Spinning Co., Ld.-Tls: 540.00. Shanghai Ice Company-Tis. 104.00.
Shanghai Túgbrat Ço., Ld.—Tis. 205.00, Taku Tug & Lighter Co., Ld.-T. Tls. 110.00. Shanghai Cargo Boat Co.-Tlà, 185:00.. Co-operative Cargo Boat Co.-nom. Shanghai Waterworks Co., Ld.-Tls, 305.00. Shanghai Sumatra Tobacco Co.÷Tls. 93,00.- Shanghai Tangkat Tobacco Co., Ld.—TIs. 400.00. Shanghai Horse Bazaar Co., Ld.-Tls: 75.00. J. Llewellyn Co., Limit&ed.-$60,00, Hall & Holtz, Ld.—$38.50.7
A. S. Watson Co., Limited.-$124.- Bell's Asbestos Eastern Agency, Ld $5.00. Hongkngo Electric. Co., Ld.-$10.00.
ON LONDON.-
EXCHANGE.
TUESDAY, 1st February.
Telegraphic Transfer Bank Bills, on demand Bank Bills, at 30 days' sight
.1/108
1/10/1
..1/10
Bank Bills, at 4 months' sights...1/1018 Credits, at 4 months' sight
Documentary Bills, 4 months sight 1/U‡