458
Swedish Har
Small Round Rod
Hoop to 11/2 in..................................
Wire 13/25
Old Wire Rope
Lead, L. B. and Hole Chop
Australian......
6.75 to 4.70 to
M
5.40
to
9.00 to
1.50 to 8.00 9 10 to
Yellow M'tal-Muntz. 14/20 oz. 31.60
9.10 to to
Vivian's, 14/20 oz. 81.50
to
Elliot's, 14/20 oz. 81.00
to
Composition Nails
Japan Copper, Slabs............ 86.00
to to
Tiles
29.00 to
Tin
Tin-Plates
Steel to
...............
Quicksilver
SUNDRIES
Window Glass
Kerosene Oil
to per box.
6.15 to
P
per cwt. case
5.50 to
per picul
140.00 to
per box
4.50 to
per 10-gal. caes
1.89 to
SHANGHAI, 28th May.-(From Messrs. Noël, Murray & Co.'s Piece Goods Trade Report).— The extensive buying that was the order of the day during several weeks past has subsided, buyers apparently being satisfied for the present and wishing to work off the supplies they have acquired. It is not unlikely, however, that the uncertain position of Exchange has a great deal to do with the existing lull, na regards Manches- ter goods at any rate, the self-evident dearth of supplies being the cause of the quietness in American makes. With sterling rates still con- siderably below the parity of Silver in London, the dealers are quite right in acting cautiously and not engaging in transactions too far ahend, as it is impossible to tell from one day to another what changes may take place. A minor factor may be the approaching settling day, which, although some distance off, is really the most im-, portant one of the year, and makes its influence felt in the country makets earlier that it oes here. In spite of all this the market, although quiet, is unquestionably firm, and no complaint can be made of the way deliveries keep up. This is just as well, as a recurrence of the stringency in the money market, and consequent prohibitive rates of interest, is prognosticated in the near future, unless our Bankers can see their way to avoiding such a catastrophe. Supplies are coming in very freely, and are likely to for the next few months, so it will be very desirable to keep buyers up to their due dates for clearance, and so avoid the chance of again having a plethora of goods to carry through the winter with heary charges and interest to eat up all hope of profit. A satisfac- tory feature of the trade at present is that Inden- tors are comparatively out of it, and forward buy. ing by the trade is almost entirely confined to goods that were bought as opportunity arose by Importers in anticipation of requirements. As they cannot be replaced at anything like the prices being accepted it looks 06 though there might be a a arcity of goods in the Autumn if nothing occurs to in- terfere with deliveries. Fairly good news comes in from Newchwang and also Tientsin, but buyers say they have sufficient for the present, and for the latter market only Yarn has been in request this week. Eain has caused a certain amount of stoppage in the Hankow trade, and all the Riverine Ports appear to be in a state of unrest. A serious riot, entirely for the benefit of the Native officials, has taken place at Wenchow, and it is rumoured to-day that some of the Piece Goods Hongs have received telegrams from Ning po advising them to defer shipping by this after- noon's steamer, the reason being left to surmise. It is reported that the Government is already relenting with regard to the proposed new taxa- tion and the edict has been revoked.
that are
DOW
THE HONGKONG WEEKLY PRESS AND
METALS, 30th May.(From Mossrs. Alex. Bielfeld & Co.'s Report): The past week has been an uneventful one in all respects. The Chinese dealers seen to have filled their principal want and to be waiting for more favourable terms for their further orders, while the foreign operators are fixed between the horns of a dilem- ma-high prices at home, with low exchange, and a quiet market. The result has been that
there is very little to report. In Metals, there have been but few orders booked, one cause men. tioned being the extreme tightness of the money market. The local market for Nailrods is slightly easier. Natives offering Sohairs, to arrive, at 123s., no buyers. Against this must be put the report that one of the principal local firms has purchased all the old materal in sight at home,
|
[June 4, 1898.
Amoy Docks have changed hands at $14.25.
LANDS, HOTELS, AND BUILDING.-Hong- kong Lands continue weak with sellers at $72 and sales at $71, buyers ruling the market at the latter rate. Hotels quiet and without business at quotation West Points and Humphreys continue on offer at $20 and $84.
and has engaged tonnage by one of the principal | Wanchais unchanged and without business. lines for 6,000 to 7,000 tons. This is of course in anticipation of the demand which must arise in the not distant future in the East. There has been but little done in Pig Iron, the market supply of which is, however, very small. The following business has been done.-300 tons Steel Plate Cuttings, test pieces at 978. o.i.f. 100 tons do. do. at 94s, c.i.f. 100 tons Glasgow Horse-shoes, selecterl, 92s. 6d. c.i.f. 100 tons London Horse-aloes at 90s. c.i.f. 150 tons Bale Hoops at 100s. 6d. 50 tons Boiler Tubes at 988. c.i.f.
1
EXCHANGE.
ON NEW YORK.—
FRIDAY, 3rd June.
MISCELLANEOUS.-In Cottons there is no business to report. Watsons have changed bands and are wanted at $11.25. Nothing else to report under this heading.
Closing quotations are as follows:-
PAID UP. QUOTATION.
COMPANY.
Banks-
Hongkong & 8 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-
ON LONDON.---
Telegraphic Transfer
.1/10/
Bank Bills, on demand
.1/10
Bank Bills, at 30 days' sight
..1/10
Bank Bills, at 4 months' sight
...1/1041
Credits, at 4 months' sight
.1/10
Documentary Bills, 4months' sight 1/11
On PARIS.--
Bank Bills, on demand
.*2.37
Credits, at 4 months' sight
2.41
ON GERMANY.—
Ewo...
On demand
.1.92
Hongkong
Iutero-ti nal
Bank Bills, on demand
.45}
Lau Kung Mow
Soyche
Credits, 60 days' sight
.46 §
Yahloong
ON
BOMBAY.-
Telegraphic Transfer.
.140
Bank, on demand..
.141
ON
CALCUTTA.-
Telegraphic Transfer
.140
Bank, on demand..
141
ON
SHANGHAI.—
Bank, at sight
.75
Private, 30 days' sight
.75%
.7% % pm.
.nom.
2. pm. .10.48 .55.50
ON YOKOHAMA.--
On demand
ON MANILA.--
On demand ON SINGAPORE.—
On demand SOVEREIGNS Bank's Buying Rate GOLD LEAF, 100 fine, per tael
JOINT STOCK SHARES. HONGKONG. 3rd June.-Business continues very dull and rates show but little change.
BANKS. Hongkong and Shanghai Banks have been inquired for in a small way at 190 and sales are reported at 191 and 192 per cent. prem. The latest London rate is £45. Nationals continue on the market without sales.
MARIN INSURANCES.-Remain dull and neglected without sales and with sellers at quotations.
FIRE INSURANCES.-Hongkongs are still offering at 3332 and Chinas are enquired for at $98. No business to report.
SHIPPING. Hongkong. Canton, and Macaos have continued to rule quiet, sellers during the week finding difficulty in parting at $26. A few sales, however, have been effected at that rate, market closing with further sellers. Indo-Chinas continue dull with only small business at $61. Douglases are enquired for in small lots at $58, China and Manilas are still on the market at $81 without finding buyers, and China Mutuals remain quiet at quotations.
REFINERIES.-A few China Sugars changed hands over the settlements at $157 and $158, and the market has since improved to $160 cash and with buyers at bette than equivalent rates forward. Luzons quite neglected and without business.
Dairy Farm Co. Fenwick & Co., Geo. Green Island Cement.. Do New Issue.. H. & China Bakery
Hongkong & C. Gas Hongkong Electric H. H. L, Trani ways 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 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. B. Punjom
Do. Preference..... Rubs
New Amoy Dock Sie.mship Coy.-
Chinu and Manila.... China Mutual Ord... Do. Preference Do.
10. Douglas S. 8. Co. H., Canton and M.... Indo-China S. N.. Star Ferry Tebrau Pianting Co.
Do.
United Asbestos
Do.
Wanchai Wareh're Co. Watson & Co., A. S....!
[$365 sales & b.
$125 19%
£5 nominal
£4 nominal
£1 £5.58.
£8 $18, sellers £1 $tx, sel'ers £1 nominal $10 89
prem-
$100 $160, buyers
Tle. 100 Tls, 100
$40:25, sellers Tis. 100 Tls. 107 Tls. 100 Tls 110 TIs. 500 Tls. 520 Tls. 100 Tls. 90
$255, buyers $10 $28, buyers
$ 81, buyers $50 $33 £10 $125 $109. sellers $100 :07
$50 $5, sales $25 $110, sellers $50 $59, buyers $50 $160, sales $125 255 pct. prem.
[8443.75, sellers $50 $137, Rellers $20 $98, sales & buyers $25 $64, sellers $50 $332, sellers £25 Tls. 180, buyers $20 $11, sellers
$50 $221, sellers $60 $184, ellers
$50 $71, sal. & buyers $10 $, sellers $30 $17, sellers $40 82, sellers $100 $12, sellera
Fce. 500 $125, sellers
$$, sellers $2:13. 0, sellers $ $3.0, ellers
17. sellers $10c., sales & sellers $5 $14, sellers
$1
C-
$244, sellers
$5 $6.50, buyers $1 $1.8), buyers 149. lvd. $ 3, buyers
$6 8.4.25, sal.& sellers
$50 $81, sellers £10 £7 16., buyers £10 £5 58. buyers
£5 £2 lös, buyers. $5 $59, sales & sellers $15 $26, sellers 210, buyers $7$9), sellers
$ $ sellers
}
$. 3, sellers
$ $ 40, buyers $:0 10, nominal $37) $41
$10 $1.25, ex div.sel. 1 J. V. Y. VERNON, broker.
MINING. Punjoms have continued to im. prove and a fair number of shares have changed hands at $51, $5, $6, $6.25, $6.35, $6.40, and 86.60, market closing steady at last rate. Charbonnages remain out of the market. Jelebus have eased off, and after sales at $4.25 are now on offer at $3.75 without finding buyers.
SHANGHAI, 30th May.-(From Messrs. J. P. Olivers and Balmorals continue weak and
Bisset & Co.'s Report)-There has been more neglected with little or no business at quota-business done this week than has been the case tions. Ranbs have been in demand and the rate has gradually gone up, without business, to $33, at which rate shares could be placed.
for some time. Banks.-Hongkong and Shang- hai Banking Corporation. Cash shares have changed hands at 194 per cent. premium, and LOCKS, WHARVES, AND GODOWNS.-Hong shares bave been placed for delivery on the 30th kong and Whampoa Docks have ruled quiet June at 197 per cent. premium. No business is but steady with small sales and sellers at 255 reported in other Bank shares. Marine Insur per cent. premium, Kowloon Wharves haveance.-No business reported. Fire Insurance.- further improved their position and after sales Hongkong Fire Insurance shares were sold as at $58 are in demand at a point higher. $340. Shipping-Indo-China S. N. shares wert