US YARN.È
»P Eduljee says in his Report, dated Hong- 20th June:-Shortly after the departure of last mail, dealers taking advantage of the weak ro ition that importers had assumed, almest cleared the market of all desirable spinn. inge at or under provious prices. Subsequently a sudden and unexpected brisk demand from the country has had the effect of instilling more con- Ifidence amongst sellers and arresting the down ward course of the market! Holders then refused to sell at last quotations and have at the close succeeded in establishing an advance of one to two dollars per bale. The enquiry has been general and almost all grades and counts freely dealt in, No. 108, and 20$. attracting by far the -largest amount of attention and forming the bulk of the settlements. Sixteens are practically exhausted and supplies in view are small. For the moment, dealers have entisfied their require-. ments and are not buying, but the market may be said to close firmer all round with an improved prospect. Receipts continue to fall away, and it would appear that the stream of shipments is now being directed to Shanghai. Our estimate of stocks shows a further heavy decrease and under existing circumstances, we are afraid, is quite inadequate to meet all possible require- merits. Latest telegraphic advices from Bombay report a strong market on the basis of 51 to 51 annas for good to best No. 20s.
Local Manufacture: Sales of about 700 bales N..,108, at $96) forward delivery have tran-pired. Japanese Yarn:-Importations are now practi- cable and a somewhat considerable business : amounting to close upon 1,000 bales had been put through, say, Kurashiki 10s (3 Horses) at $115 to 116, Kaneg.fuchi 16s.(Blue Fish) at $118, Hirano 208. (Horse) at $120, Milke 20. (3 Rings) at 121 to $122, Settsu 20s. (Peacock) at $123, and Kanegafuchi 8., at $124.1
Raw Cotton:-The volume of business in Indian Staple has been comparatively birge and prices are firmer, especially in superfine descriptions, in sympathy with the advance on the other side. There is little or no buying by either Japan ex- Forters or the local mill, the entire business being confined to the requirements of the interior markets. Sales reported are 1,350 bales good to superfine Bengals at from 822 to $244, the unsold stock being estimated at about 8,000 bales. No- thing has been done in Chinese Cotton. Quo tations are Bengal $20 to $241, Dacca $22 to $25) and China $26 to $29.
Exchange on India continues steady with little fluctuation and closes to-day at Rs. 1294 for T/T and Rs. 130 for Post. On Shanghai 74 and on Yokohama 183 per cent. premium.
The undernoted business in imported and local spinnings reported from Shanghai during the fortnight ending the 14th instant, viz:—
India:Total sales 6,914 bales, including 4,949 bales No. 108, 550 bales No. 125, 690 bales No. 168. and 725 bales No. 2s., prices showing an appreciation of half to two Taels and market closing strong. The unsold stock was estimated at 40,000 bales
Japanese-Market firm, total sales about 1,500 bales on the basis of Tls. 88 to 93 for No. 168, and Tls. 93 to 97 for No. 208.
Local:-In good enquiry, total sales 4,500 bales at Tls. 76 to 80 for No, 108., Tis, 80 to 831 for No. 128., Tls. 83 to 86 for No. 14s., and Tls. 84. to 871 for No. 168., market closing steady.
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* MISCELLANEOUS EXPORT. Per steamer Java, sailed on the 13th June. For London:-1288 boxes tea, 5 6 boxes tex from Amoy, 23 cases cigars from Manila, 50 bales waste silk, 65 cases Chinaware, -55 rolls mats and matting, 35 cases bristles, 20 cases private effects, 26 cases woodware For Glas How cases woodware. For Manchester: 50 bales waste silk. For London opt. Manches ter-50 bales waste silk. For London and/or Hamburg and or Breman:-170 h/chests tea.
MISCELLANEOUS IMPORTS. HONGKONG, 20th June-Amongst the sales re ported during the week are the following
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YAEN AND PIECE GOODS.→ Bombay Farn: 100 bales No. 6 at $84, 1,100 bales No. 10 at $91 to $95, 1,050 bales No. 12 at $96 to $100, 550 bales No. 16 at $104 to $115,50, 1,700 bales No. 20 at $116 to $123,50). Grey Shirtings,: 3,000 pieces 8) The Blue Joss (1) at $3.75) 600 pieces 8) Ibs. Blue Fish at $9,80, 1,500 pieces 8 be Blue Joss No. 1 at $3.75, 1,800 pieces 81s. Saw Piano and Book at 33.70, 1,400 pieces 81 lbs. Eagle at $2.40, 1,800 piecos $4 lbs. Red 7 Children at $3.30, 600 pieces 81 lbs. 3 Dogs at $410, 500 pieces 10 lbs.
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THE HONGKONG WEEKLY PRESS AND
Blue 5 Men at $4, 2,500 pieces 10 lbs. Blue Angle at $4.93, 1/200 pieces 8 lbs. Blue Fish at $3.30, 1,200 pieces 83 lbs. Red Soldier and Gun at $3,10, 600 pieces + lbs. Blue Fish at $3.30, 3,000 pieces 8 lbs. Blue Joss No. 1 at $3.75. White Shirtings: 250 pieces x9 at 6.15, 1,000 pieces For and Duck at $8.00, 500 pieces Blue Dragon at $6.62), 1.500 pieces x9. at $4,55, 500 pieces Fox and Duck at $6.85, 3,000 pieces, 81 lbs, Blue Fish at $3.30, 3,600 pieces 8 lbs. Blue Joss No. 1 at $3.75, 1,000 pieces Fox and Duck at $6.80, Tea Cloth: 750 pleces 7 lbs. Gold Dragon at $3.874. Drill: 450 picces 10 lbs. Stag at $6.55.
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METAL. Wire Nails: 500 casks at $3,80 to arrive. Steel Nails (Round Rod" Irons] : 1,000 pieces at $5.63.
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Bombay—Now. 10 to 308.. English-Nos. 16 to 24,...
22 to 24... 28 to 32,. 38 to 42,.
"
"
++
COTTON PIECE GOODS
j
Grey Shirtings-6 lbs. 7 lbs.
8.4 lbs.
9 to 10 lbs.
per balo .884.00 to $127.00 .114.00 to 120.00 .120.00 to 128.00 136.00 to 142.00 155.00 to 170.00
+
For piece.
12.20 .to 2.25
2.30 to 2.50. 3.10 to 3.75 3.80 to 15.00 to 2.90 to 3.40 to 5.30 to 7.80
White Shirtings-54 tó 46 rd. 2.55
· 58 to 60 3.20 04 to 66 4.50 Fine.... 5.35 Book-folds 4.50
35
Victoria Lawns-12 yards...... 0.75 T-Cloths-6lbs. (32 in.), Ord'y. 1.85
7lbs. (32,,
2.15
21
"
6lbs. (32,, ), Mexs. 2.20 7lbs. (32',, ),
2.95 8 to 8.4 oz., (38 in.) 3.15 Drills, English-40 yds., 184 to į
4.20 14 lbs.
FANCY COTTONS--
5 lbs i
to 7.00
to 1.40
to 2.10
to 2.45
to 2.35
to 3.50 to. 3.75
to 6.90
Turkey Red Shirtings-1) to? 1.65 to 5.50 Brocades--Dyed
DAMASKS-
Chintzes-Assorted Velvets-Black, 22 in. Velveteens-18 in.
to
per yard
0.18 0.28
to 0.20 to 0.75
0.23 to 0.20 per. zon
Handkerchiefs-Imitation Silk 0,30 to 3.0
WOOLLENB
+
Spanish Stripes--Sundry chops.0,65
• German 1.25 Habit, Med., and Broad Cloths 1.25
1
Long Ells-Scarlet, 7-10 lbs.
:
Assorted..
Camlets-Assorted.
8.50
6.60 12.00
1
per yard
to 2.00 to 3.00 to 8,00 per pieco
to 8.50 to 8.65 to 32.00
Lastings-30 yds., 31 inches (12.00
to 16.00
to 9.50 per pair
to 9.00
Assorted
Orleans-Plain
8,00
!
Blankets 8 to 12 lbs.
METALS-
4.00
per picul
Iron-Nail Rod
4.6
to
Square, Flat RoundBar(Eng. 4.55 Swedish Bar
to
4.05
to
Small Round Rod
5.05 to
Hoop to 11/2 in.,
Wire, 16/25,
6.00 to. 9.00 to.
Old Wire Rope
2.80
to
8.30
to to
to
to
Lead, L. B. & Co. and Hole Chop 8.30
Australian Wellow M'tal-Muntz 14/20'oz.42.00 Vivian's 14/20-oz. 42.00 Elliot's 1/4/20 oz. 42.00 to
.61.00 ° Composition Nails......
.89.00 Japan Copper, Slabe...
.....84.50 Tin.
Tin-Plates
Steel to i Sundries
Quicksilver
Window Glass
Kerosene Oil......
to
to
to
bor. per
8.80 to per cwt, case 7.00 to
-
per picul .181.00 to
per box. 6.50 'to per 10-gal, case
2.10 to
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SHANGHAI, 11th June (from Maɛars. Noël, Mur- ray & Co.'s Pisos Goods Trade Report of 5th June).-During the few days that have elapsed since we wrote our last circular a slight improve ment has to be noted in so far that inore dealers have been calling on importers, but as far
June 21, 1902
questionn
as business is concerned we record a blank. The whole
is there doing?”" unfortunate position, and a th appears to be not " but rather "what is going to happen? As stated in our last, shipments from both England and America are ance to fall off consider- ably from now onwards, as prospects since ex- change declined so low have never been such as to. admit of fresh buying. There will be, in conse quence, a correspondingly large falling off in the receipts for import duty of the Imperial Customs which will have to be made up in some other way to feed the loans. We are now informed that the silk crop will be fully twenty-five per cent. smaller than last year's while ten is also likely to show a deficit and thus there will be a further decline in the export duty of the Imperial Maritime Customs. It is therefore more than like'y that internal taxation will be largely used by the Native Authorities to raise, the necessary funds to meet the foreign liabilities of China. It is said that the Viceroy of Nanking has already experienced difficulty in getting together a emittance if six lacs of tsels he recently had to send to Peking, while in one of the principal distributing centres, Tachion Tsun, in the province of Shantung, the Governor has levied a tax of two per cent. on imports whereas, formerly, lekin was unknown in the district. This shows how the wind blows, and it is likely, that this pressure for money will be graduálly felt all over the country!
SHARE REPORTS.
HONGKONG, 20th June-Business generally continues dull. Indo-Chinas hare further de clined; and Dooks have also been lower, but have recovered somewhat towards the ološe. The final dividend of 6 per cent. on Indo-Chinas, equal to 128. per share, has been paid in Hong- kong to-day at exchange 1/87.
BANKS.-Hongkong and Shanghais: have sold at $595 and $5924, and are in request at the latter rate. The London rate isˇui• changed at £63.
MARINE INSURANCES-Unions are a little easier at $385, and Cantons at 8165 with sellers. China Traders have been booked at $56. North Chinas are wanted at. Tla, 185. Yangtzes after a sale at $127 have improved to $130.
FIRE INSURANCES-Hongkongs continue in request at $330. Chinas have sold at $80.
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SHIPPING. Hongkong, Canton and Macios have been booked at 938 and 838), and are en- quired for at the latter rate. Indo-Chinds have sold at declining rates, and are now obtainable at $110 ex the final dividend of 128. per share for 1901 paid to-day. China Manilas have been purchased at 835 and more shares can be placed at the rate. Douglases are easier at $45 with some sellers. Star Ferries and Shell Trans-: ports are unchanged,
REFINERIES.-China Sugars bare sold at $109 and $108 and are procurable at the former figure. Luzons are unchanged.
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MINING. Panjoms are offering at 85. Jelebus can be placed at 50 cents, and Raube at $9.
DOCKS, WHARVES AND GODOWNS.-Hong- kong and Whampoa Docks declined to 8210 during the early part of the week under review but have since been taken off the market, tó some extent at $215, $217) and $220, closing with buyers at $222). Hongkong and Kor loon Wharves have been placed at 887, at which rate more are obtainable. New Amoy Docks continue in request at $36.
Lands, Hotels and BuildiNGS.--Hong... kong Lands have sold at $177}} ~Kowloon Lands and West Points are unchanged. Humphreys Estates have declined to $111 sellers. Hongkong Hotels have been done at $136 and $135 and close steady at the latter rate Oriente Hotels can be obtained at 845,2**
COTTON MILLS. Laon King Mował are wanted at Tls. 45, and Soychees at Thu: 150. Hongkong Cottons can be placed at 817.3 MISCELLANEOU8,--Green Island
are wanted at $214. | Watsona hate be at $14) and are further obtaina old, are wanted-at--$145, Ropes have been done at $140,† improved rate of $2424* Bie are wanted at 89 and China. after sales at the rate = W done at $61.