462
Per steamer Salarie, sailed on the 20th May. or France:-441 bales raw silk. 7 cases silks. 8 cases curios, 5 cases China Ink, 4 cases tea, 100 bales waste silk, and 60 tambooware. For Milan :-10 bales raw silk. For London :—-7 bales raw silk and 1 case silks.
OPIUM.
Hoʻogona, 2nd June.-Bengal.--Prices have risen owing to the high rates ruting in Caloutta after the auction, and the market closes Active at the following figures:-New Patna $7434, U14 Paina $800, New Benares $745 and Old Benares $815.
Malwa.-The market has been a few naimportant transactions. tions are:-
dull with only Closing quota-
New Malwa $700 with all'ce of 0 Old (2 yra.) $720
0
13
"
•
(3.4.) $760
{5:6,,) $770 (7) $820
31
#
13
to 2 catty. to i
U to 3
11
-
20
*
(1
J
to 2} 0 to 2 Persian. A good business was done in Paper tied opium of the better qualities. Oily opium has been neglected. Latest rates are :-Oily $650 and Paper-tied $650 to $770 according to quality.
To-day's stocks are estimated as under:-- New Painn
Old Patna
New Henares
Old Benares...
Malwa
Persian........................
685 chests. 605 295
•
"
64
"
450 750
*
COURSE OF THE HONGKONG OPIUM MARKET.
DATE,
PATNA.
BENARES.
MALWA.
New. Old, Now, Old. New.
1899. $
$
$
$
$
May 27 735
775
725
7772 700
May 28
735 777
725
7774 700
May 29 7332 777
725
777 700
May 30
730 780
7 0
8.0 700
May 31
7321 785
717 June 1 740 7921 730 800. June 2 7432 800
745 815
800
700 700 700
RICE.
HONGKONG, 2nd June-The
Siam, Field, mill cleaned. No,
firm. Quotations are:-
Saigon, Ordinaty.........................
31
++
Round, good quality. Long
Garden,
**
White.
Fine Carg
AAA LA
HONGKONG, 2nd Quotations are:-
ariff Australian............... Miiki Lump
and Small
Moji Lump Hongay double screened...... Hongay Lump Hongay Dust.. Briquettes
KA
No. 1
Old.
720/760/770,820 *
market remains
......$2.15 to 2.20 2.50 to 2.64 2.9 to 2.98 2:94 to 2.97
8.10 to 3.15 3.65 to 3.70 3.85 to 8.90
June. No business doing.
$18.00 to ex ship, nominal
to 11.30 ex ship, steady 9.00 to 10.00 nominal,
6.50 to 9.00 ex ship, quiet 12.00 to ex godown
8.00 to 8.50 ex ship 5.50 to 19.50 to
MISCELLANEOUS IMPORTS. HONGKONG, 2nd June.-Among the sales re- Įorted during the week are the following:-
YARN AND PIECE GOODS-Bombay Turn:— 100 bales No. 6 at $64 to $65.50, 1.050 bales No. 10 at $62 to $74.80, 330 bales No. 12 ut -64 o $75, 100 bale: No. 16 ut $77.5 to $80, 300 bales No. 20 at $77/50 to $81,50 Japanese Yarn :-50 bales No. 20 at $83. Grey Shirtings:-250 pieces 10 lbs. 2 Gold Lion at $3.97ļ. 600 pieces 8 ibs. Red Seal at $2.60 White Shirtings.-0 pieces No, fuʊ. ut $4.421. T. Cloths.-7, 00 pieces 7 lbs. Mex. Red Stag at $2.37), 700 pi-ces 7 lbs. Mex. Red Stag at $2.37).
METALS.-Yellow Metal.-150 enge
enges New Brand at $41.50.
14/24 oz.
THE HONGKONG WEEKLY PRESS AND.
.
ON
PARIS.
Bank Bills, on demand Credits, at 4 months' sight GERMANY
On demand
ON NEW York.—
ON
ON
ON
Bank Bills, on demand
[June 3, 1899
2.481
2.52
2.014
Credits, 60 days' sight
48 491
BOMBAY
Telegraphic Transfer
:1476
Bank, on demand..
.148
CALCUTTA.—
Telegraphic Transfer
147)
Bank, on demand...
.148
SHANGHAI.-
Bank, at sight
728
44 % pm.
1} % pm.
Private, 30 days' sight
ON YOKOHAMA..
willing to pay the enhanced prices required, but | On the question of delivery is the great stambling every instance the goods black, ns in almost offered would be too late for the Northern Ports and would, therefore, have to be carried through- the winter bere. Looking at the statistics recently received from the States the develop- ment that has taken place in the domestic trade is really remarkable, as it is increasing by 'eaps and bounds. The following figures are work quoting:-The Export for Februay was 24.517, 287 yar ́s, against 7,890,215 yards the same month last year. For the eight | months from ist July, 1898, the Exports to China more than doubled that of the same period the previous year, boing 135,404,310 yards, | against 64,3:4,802 yards. It is interesting to notice that China has during this period taken 53 per cent. of the total Export, which in 66 per cent, greater than the previous period, when the shipments to China only amounted to 36 er ont. of the total. At this rate of progression, and with a demand still unimpaired by the heavy shipments that have come forward already, the limits of the trade seem boundless and will be watched with some concern by, manufactures in Manchester. It is only reasonable to suppo-e, however, that these roarse, durable goods will be the first to attract attention 14 new districts, as they itave in the past, the finer and Fancy cloths, which are more or less luxuries, only finding an outlet when the increasing prosperity of the comm- unity permits of the indulgence in more attractive though flimsier material. For the time being Manchester will have to take a back seat, so far as the new markets are concerned, unless she can regain footing with her coarse clotls, It is already noticable that more attention has been
SHANGHAI, 27th May.-(From Messrs.-Noël, Murray & Co.'s Piece Goods Trade Report. This being Wit-wek, which is kept as a general holiday in Manchester, there is less than ever to report concerning our Market for English goods, forward transactions having been entirely sus- pended pro tem and the business in spot cargo is simply from hand 10 month. Nor have American makes fared mucli hetter; true there is plenty of enquiry and operators seem perfectly
+
I
mass-
|
On demand... ON MANILA.—
On demand.. ON SINGAPORE -----
On demand...
.1%. pm. SOVEREIGNS. Bank's Buying Rate...10.02 *...52.25 GOLD LEAF, 100 fine, per tael...
JOINT STOCK SHARES. HONGKONG, 2nd June.-A fair business has been transacted during the week under review and rates in many cases, notably in Banks, Docks, and Lands, show a further rise.
BANKS-Hongkong and Shanghais in the early part of the week changed hands in small lofs at 300 and 301 per cent. prem. and later at 302 and 304 per cent. prem., whilst a few
rates; market closes rather quieter with sales at 303. Nationals continue on offer at the reduced rate of $21, without bringing out buyers.
MARINE INSURANCES-China Traders have continued quiet with small sales at $62, closing with sellers. Unious are in demand at $230 without bringing any shares on the market. Straits have changed hands', in unimportant lots at $4, $3.90, and $4.25. Cantona and the Northern Insurances continue quiet and without Business.
FIRE INSURANCES.-Both Hongkongs and Chinas have been dealt in to a small extent and close steady at quotations.
SHIPPING. Hongkong, Canton and MacaoS found buyers in the early part of the week at $294 and later shares changed hands at $29.
Indo-Chinas with a demand from the North have improved to $70 after unimportant sales at $69 and $694. Douglases have improved to $57 and China Manilas remain quiet at $79.. China Mutuals unchanged and without business. REFINERIES.-China Sugars bave found buyers at $174 and $175 for cash and at $180 and $181 for August, closing steady at $175. Luzons have changed hands at $58 in small lots.
paid to very common Drills this season of Eng-forward sales were made at about equivalent lish make. In the meanwhile, however, it does not seem probable that trade will be allowed to develope without considerable difficulties and opposition from the Native Authorities, and already numerous disquieting rumours are pre- valent con erning the movements, and ing of troos in different parts of the country, from which it would a; pear that China is about to deliver her last kick happy the recipient of it, for surely he will ave the best claim to be the residuary legatee. The business this week, both privately and at Auction, has shown but little energy in our inarket, the dealers evidently being short of orders at present, and quite unwilling to lay in supplies in antici ation. 'They have undoubtedly made money this season and are not going to risk losing it. There is a better enquiry for common 10. b. Shirtings, but prices offered are still slightly out and the transactions reported were more in the nature of a sprat to catch a mackerel, but seem to have failed in their object. There is a good demand for best Whites, but the supply is scarce and buyers will not take the slightly lower qualities, although they can be had in plenty. A moderate business has been done in American Drills and Sheetings from stock or for near arrival at firm prices. Tantsin is said to be active, considering the time of the year, but the neighbouring mar- ket is still out of joint. From the demand for hevy Shirtings it would appear that Hankow is beginning to wake up, as it should do with the Teueason full on now. It is satisfactory to see t'at an appeal has once more been made to the Provincial Authortities to allow certain necessary steps to be tal en in order to stamp out the lis- ense that is rapidly threat ning the total extin. ction of the Silk trade. As this is a question of vital importance to all those engaged in this trade, for if the Natives have no produce to sell they connot buy imports, the progress of the pro- pused scheme will therof re be unxion-ly watched. The Yaru market is still drooping and the decline has been accelerated at the close by the depreciation in the value of Rupees. Japan, se and Local spinnings are following suit. Cotton is gr dually coming down and really looks #8 though it would soon be low enough to satisfy spinuers,
|
METALS, 29th May. (From Me-grs. Alex Bielfeld& Co.'s Report).-There has been very little busin ss done last week and practically nothing to report.
EXCHANGE.
I
FRIDAY, 2nd June.
ON LONDON.--
Telegraphic Transfer
.1/116 1/114 1/11
Bank Bills, on demand Bank Bills, at 30 days' sight Bank Bills, at 4 months' sight ...1/11}} Credits, at 4 months' sight 2/0 Documentary Bills, 4 months' sight2/0}
MINING. Punjoms have continued their upward course and have changed hands at $8.25, $8.40, $8.50, $8.60, $8.75, $9, and $9:25, in far lots. Queens have ruled dull, with small sales at 52 cents. Olivers and Great Easterną have been negotiated at quotations and Raubs at $60. Jelebus have again come into demand and sales have been effected at $94, $9 75, and $10, market closing steady at $10.
DOCKS, WHARVES, AND GODOWNS.-Hong- kong and Whampoa Docks continue to improve with a small business. Shares have changed hands at 385, 395, and 400 per cent.. prem. for cash and sales are reported at 407 aud 415 for August and 420 for Sep tomber; the market closes at 400 per cent, prem. cash buyers and with sellers forward at about equivalent rates. Hotela have improved to $88 with buyers. Kowloon Wharves continue to change hands at $864 in small lots.
LANDS, HOTELS, AND BUILDINGS.-Hong" kong Lands have ruled very firm and the improvement in rates has failed to bring out many shares. Sales have been effected at $83, $84, $85, and 886 market closing firm at last rate. Humphreys Estates remain firm with fair sales at $10.15 and $10.20. West Points have been enquired for $284 without bringing any shares on the market aud at time closing sales have been effected at $29.
MISCELLANEOUS.Wanchais have changed hands at $39, Watsons at $14, Star Ferries at $12 25, $12.50, $13, and $184 ex div., Eleo trics at $124, and China Providents at $9.75. Campbell and Moores are enquired for at $11.