March 26, 1898.]
JOINT STOCK SHARES. HONGKONG, 25th March. The market has ruled somewhat easier since date of last report. Business has been quieter and rates have ruled rather weaker
BANKS.-Hongkong and Shanghais have shown a decided weakness and been on offer all the week at from 190 to 184 per cent. prem. -for cash with little or no business, whilst a small demand for April at 187 to 188 per cent. prem. has remained unsatisfied. Nationals have changed hands in small lots at quotations.
MARINE INSURANCES.-Continue dull and with but little business. China Traders are on offer at $65, without sales, Unions at $220, and North Chinas and Yangszes at quotations. Cantons have changed hands at the reduced rate of $120, closing with buyers at probably better rates, and Straits are enquired for at $124 to Si after small sales at the latter rate. FIRE INSURANCES.-Still remain out of the market, with sellers of Hongkongs at $340 and of Chinas at $100, and no sales to report.
SHIPPING.-Hongkong, Canton, and Macaos have further declined to $264 after small cash sales at that and $261. On time shares have changed hands at $27 for June and $28 for July, the market closing quiet at $27 cash. Indo-Chinas have suddenly dropped eat of favour and quietness pervades the market in place of last week's "great activity. A few small sales at $60 and $60 cash and at equivalent rates forward have taken place, but the market closes decidedly dull at quotation. China Manilas continue on offer at 882 without business. Douglases have ruled quiet with sellers and no sales at $59 and later at $59. It is understood that although the last six months' eanings are satisfactory, the Consult- ing Committee will not recommend an interim dividend on
account of the money being required for the cost of the new steamer now building for the Company. China Mutuals are still in request but without business; news has been received from London that the Company will shortly pay the usual dividend,
e. 6 per cent., on ordinary shares.
REFINERIES-China Sugars have weakened with but little or no business to $165 ex div. for cash, whilst a small demand for April, May, and June at considerably better than equivalent rates remains unsatisfied. The approaching set- tlements, which are somewhat heavy in this stock, are apparently accountable for the tem- porary weakness. The chairman in his speech at the general meeting stated that the prospects of the current year were good and that the demand for refined sugars in China was on the increase. Luzons have been done in small lots at $41 and $42 cum div. of $3 paid on the 24th instant.
MINING-Punjoms have ruled quiet at $6.75 with little or no business and close at $6.50 sellers. Charbonnages continue unchanged and without business at $145. New Balmorals are out of favour for the moment, sellers ruling the market at $1.40 and $1.75, and no buyers coming forward. Olivers "B's" have changed hands at $6.25 and “A's" at $184. Jelebus unchanged and without business. Raubs have raled steady to strong with sales at $25) and later at $253. The manager at the mine states that the March clean up will probably be as good as the last and average about 184 dwt, per ton. Great Easterns have ruled weak with sales at $2.80 and close with sellers at that rate, DOCKS, WHARVES, AND GODOWNS.-Hong- kong and Whampoa Docks have continued firm and have remainded at 250 per cent. prem. with small sales at that and 251 for 31st inst.; at time of closing a few shares are obtainable at 249 for settlements. Kowloon Wharves con- tinue quiet and neglected at quotation, with little or no business. Wanchai Warehouses could be placed at $41.
LANDS, HOTELS, AND BUILDINGS.-Hong- kong Lands continue quiet and out of favour with sellers at $74. Hotels after small sales at $55 are obtainable at that rate. Humphrey's Estates and West Points remain out of favour with sellers at quotations,and no business.
COTTON MILLS.-Some Ewos have been placed for June at rates equivalent to Tls. 100 cash, and a few Hongkong Cotton, &c., Co. have changed hands at $11 and $10, ex last call of $20. In other Cottons there is no local business to report.
CHINA OVERLAND TRADE REPORT.
MISCELLANEOUS.-Green Islands have ruled weak with sellers of old issue at $314 and of the new at $15 cum dividends. Sellers rule the market at time of closing. Watsons continue on offer at $12 without finding buyers, and Ices; Ropes, and Electrics are obtainable at quotations and without business.
Closing quotations are as follow :——
COMPANY.
PAID UP. QUOTATION.
[$356.25, sales
prein
Banks--
Hongkong & S'hai... China & Japan, prf.] ordinary...
Do.
Do. deferred... Natl. Bank of China
B. Shares Founders Shares.. Bell's Asbestos E. A....
Campbell, Moore & Co. China Sugar Cotton Mills-
Ewo... Hongkong Internati mal Lanu Kung Mow Soychce Yahloong Dairy Farm Co. Fenwick & Co., Geo. Green Island Cement...
Do. New Issue Hongkong & C. Gas H. & China Bakery 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 Investiment. Humphreys Estate... Kowloon Land & B. West Point Building Luzon Sugar Mining--
Charbonuages Great E. & C'doulan Do. Do.
Jelebu
New Balmoral
Do. Preference Oliver's Mines, A....
Do.
Punjom
B.
Do. Preference... Raubs
New Amoy Duck Steamship Coy.—
China and Manila China Mutual Ord... Do. Preference... Do. Do.
444
Douglas S. S. Co. H., Canton and M... Indo-China S. N. Tebrau Planting Co....
Do.
United Asbestos
Do.
Wanchai Wareh’se Co. Watson & Co., A, S. .
$125 185
£5 nominal £3 10s. nominal
£1 £5. 5s., buyers
£8 $ 9, sales £1 $19
El nominal $10 $8.75 $100 $156, ex dív. s.& b.
Tls. 100 Tls. 100, sellers
$2031, sales & sellers Tls. 100 Tis. 11, buyers Tis. 100 Tls 110 Tls. 500 TIs. 505 Tls. 100 Tls. 93
$5 $51
I
$25 $20
$10 $29, ex div. sellers $24 $14.50, ex div. sel. $50 $33 £10 $120 $10 $9), sales $100 $105
$50 $54, sales & sellers $25 $107, sellers $50 $57, sales $50 $164, sellers $125 249 p. ct. prem.
$4364, sellers
$50 $12.4, s:llers $20 $99, sellers
$25 $65, sellera
$50 $337), sellers £25 Tls. 18, sellers $20 $12, buyers $50 $220, sellers $60 $14, sellers
$50 $74, sellers $10 $8.25, sellers $30 $17, sales $40 $20, ale
$100 $39, ex div. sales
Fes. 500 $140, sellers
$ $54, rellers $21 $2.80, sellers $5 $2, sellers $1 $1.10, sellers $ $1.70, sellers $5 $181, sales $21$, sellers $6.25, sal. & buyers $1 $1.90, sellers 138. 10d. $26, buyers
$1 $19, sales
$50 $74, ex div. sellers £10 £7 10s., buyers
105 108., buyers £5 £2 lbs., buyers $50 $53), sellers $15 $27, sellers £10 $60, sales & sellers
$5 $5, sellers $2 $2, sellers
$2 $2, sellers $10 $10, nominal $37) $41, buyers
$10 $12, sales & sellers J. V. Y. VERNON, Broker.
SHANGHAI, 21st March.-(From Messra J. P. Bisset & Co.'s Report)-On account of a scarcity of ready money, and the near approach of the
·March settlements, there has not been much business done, except in Indo-China S. N. shares. Banks.--Hongkong & Shanghai Banking Cor- poration. Cash shares changed hands at 196 per cent. premium, and business was done at 201/202 for delivery on the 30th June. The National Bank of China shares are wanted at $17. Market is dull, with cash shares on offer a 196.
Marine. Insurance.-No business reported. North Chinas are offering at Tis. 200. Straits shares might be bought under the last quotati ns. Fire Insurance.-No local business reported. Shipping.-Indo-China S. N. shares have been in strong demand, both locally an i to Hongkong. Locally business wis done at Tis. 43 to Tis. 45 cash, Tls. 451 and Tls. 46 for April, and Tls. 47}
243
for June. China Mutual S. N. Preference shares were placed at Tls, 60, and are wanted. Ordin- ary shares ure offering at Tis. 20. Sugar Company.-Perak Sugar Cultivation shares are sold at Tls. 39 and are now offering at Tis. 39. China Sugar Refining Co., Ld.-Shares were placed at $178 cash and $1774 for the 31st current. Luzon Sugar R fining Co.,Ld.-Shates were wanted at $41, but there is not much demand at the close. Mining. Raub Australian Gold Mining sbares changed hands at $28 to $27, for cash and a small. lot at $29 for the 10th April, and are offering for cash at $27. Docks, Wharves & Godowns. Shares in Boyd & Co. are wanted at Tls. 19) and are offering at Tls. 200, S: C. Farnham & Co. shares changed bands and are offering at Tls., 175. Shanghai Dock shares have been in demand, and have changed bands at Tle, 84/37 cash, and Tis. 87/88 for the 30th June. shanghai & Hongkow- Wharf shares have been sold at Tis. 1261, and aro obtainable at the sune price for cash or Tis. 127 for the 31st current. Lands.-Shanghai Land Investment bares were placed at Tls. 924, and are offering. Hongkong Land Invest. ment shares are offering at $74, Industrial. Shanghai Gas Co.-Shares have been placed at Tls. 217. In Cotton Mill shares, E-wos we sold at Tls. 104 for the 30th June, Internationals at Tis. 109 cash, 110/109 for the 31st March, 110 for the 30th April, Tls. 112 for the 31st May, and Ts. 115 for the 3 th June, and are now wanted at Tis. 110 ca h, and Yah Loongs at.Tl. 934 cash and Th: 95 for April. Shanghai Ice hares were placed at Tls. 12. Miscellaneous. -Shanghai-Sumatra Tobacco shares were sold at. Tis. 83 cash and for the 31st current, cum divi- dend, and at Tls. 85 cash, Tis. 91 for June, and Tis, 93 for August, ex dividend. Shanghai-Langkat Tobacco shares changed hands at Tls. 30. Hall and Holtz shares were plated at $40, and are offering. Loans.-Shanghai and Hongkew Wharf 6 per cent. Debentures were place at Tis. 102 plus the accrued interest.
|
TONNAGE.
TANGHAI, 21st March (from Messrs. Wheelock & Co.'s report.)-There is nothing of any particular importance to record as having occurred during the past fortnight in the homeward freight market, though it may be of some interest to note the estab lishment of a fortnightly mail service to Hamburg by German Lines, in place of the former monthly sailings. Coastwise:-The opening of the northern ports was delayed owing to the re-appearance of frost, but cargo has now arrived at Tientsin by lighters from Taku, and it is expected that Newchwang will be able to resume trade towards the end of this month. For an outside vessel to load at Wuhu for Canton there appears to be a great demand, but owners ideas of price have not yet met with the necessary sympathy from intending charterers. For London vid Suez-Business continues very dull in this direction, and the berth has been amply supplied with more than requisite tonnage. Rates of freight are:-London, by Conference Lines, general cargo 358.; waste silk 37s. 6d.; też 35s.; Northern Conti- nental ports, by Conference Lines, general cargo 35s.; waste silk 37s. 6d.; tea 353.; New York vid London, by Conference Lines, general cargo 42s. 6d.; waste silk 45s.; tea 42s. 6d.; Baltimore vid London, by Conference Lines, general cargo 478. 6d.; waste silk 50s.; tea 47s. 6d.; Konigsberg ria London, by Con- ference Lines, general cargo 42s. 6d.; waste silk 458.; tea 42. 6d.; Manchester, by Conference Lines, general cargo 478. 6d.; waste silk 50s.; teà 47s. 6d.; Liverpool, by Conference Lines, general cargo 42s. 6d. waste silk 458.; tea 42s. 6d.; Hamburg, by Confer- ence Lines, general cargo 35s.; waste silk 37s. 6d.; tea 35s. Above rates are subject to a deferred return, as per Conference circular. Havre, by Conference Lines, tallow 32s. 6d. net, general cargo 32s. 6d. net, waste silk 35s. net, tea 32s. 6d. net; Genoa, by Con- ference Lines, tallow 32s. 6d. net, general cargo 32s. 6d. net, waste silk 353. net, tea, 32s. 6d. net; Marseilles, by Conference Lines, tallow 32s. 6d. net, general cargo 32s. 6d. net, waste silk 35s, net, tea 32s. 6d. net. 42s. 6d. per ton of 20 cwt. for above three ports. New York, by sail, 203. nominal. New York via Pacific, 1 gold cents per lb. tea, 3 cents per lb. silk, $9 per ton strawbraid. New York vid Suez, 278. 6d. per ton general cargo, 278. 6d. tea; Boston, 35s. per ton general cargo; Philadelphia, 353. per ton general cargo. Const rates.-Moji to $1.40 per ton coal; Newehwang to Kobe season Shanghai $1.50 per ton coal; Nagasaki to Shanghai closed; Newchwang to southern ports, season closed.
VESSELS ON THE BERTH. For LONDON.-Socotra (str.), Borneo (sir.), Dar- danus (str), Sunda (str.), Thames (str.).
For SAN FRANCIsco.-City of Peking (str.). Gaelic (str.), West York, Imberhorne,
For NEW YORK.-Benalder (str.).