332
(OTTON.
HONGKONG 24th October.-Small business only; market quiet. Stock, about 1,000 bales.
Bombay,.
Bengal (New), Rangoon,
and Dacca,
Shanghai and Japanese, Tungohow and Ningpo, Sales:-300 bales.
YARN.
THE HONGKONG WEEKLY PRESS AND
+
T-Cloths-lbs. (32 in.), Ord'y. 1.90 to 215
7lbs. (32 ).
2.20 to 2.50 Glbs. (32 ), Mexs. 2.25 to. 2.40 7lbs. (32,,
}.
3.95 .8 to 8.4 oz., (36 in.) 3.20
3.50 to to 3.75
4.20 to 6.90
21.00 to 22.50 picul,
22.00 to 24.50
25.00 to 27.00 ...25.00 to 27.00
++
Drills, English–40 yds., 131
to 14 lbs.
JJ
FANCY COTTONS—
Turkey Red Shirtings-1} to r 8 lbs i
1.6)
Brocades-Dyed
to
DAMASKR
Mr. P. Eduljee says in his Report, dated Hong- kong, 14th October:-So far as local trade is con- cerned, the market is more or less at a standstill and business continues to drag. The prolonged drought in the interior has again considerably restricted the demand, whilst the disturbed state of the country and the failure of the autumn rice crop preclude the possibility of an early improve- ment. Under the circumstances we would have had again to repeat a gloomy market, with a con- siderable depreciation in prices, but as hinted in last circular, Shanghai has once more come to our assistance and over 7,000 bales of almost all grades and counts are reported to have been purchased from native dealers at an advance of $4 to $2 for the North in addition to close upon 18,000 bales shipped on Hongkong account. estimate unsold stock at about 22,000 bales, which under normal conditions would not have failed to excite the market, more especially as the quantity of sold but uncleared goods in native hands has been reduced to about 14,000 bales. We again close quiet but steady.
We
Local Spinnings:-With the exception of a single sale of 10 Bales No. 128 at $98, a blank fortnight has been experienced.
Japanese Yarn:-Tonquin demand is still in abeyance, only some 300 bales Settsu No. 20s (Red Peacock) changing hands at 123 to $124.
The
Raw Cotton:-Demand from the country still holds off, and the decline in prices of China Cotton and proximity to the new Indian crop, have greatly weakened holders, who have succeed. ed in placing some small lots of Superfine Bengal at a small concession to native dealers. local mill has also been in good evidence, and is responsible for more than three fourths of the total business, which aggregates close upon 1,500 bales at from $22 to $23. Stock is exhausted and comprises about 500 bales inferior doscriptions. China staple has declined and sales of 150 bales Ningpo at from $20 to $25 are reported; stock about 500 bales small. Quotations are Bengal $20 to $23; China $23 to $26.
Exchange on India has fluctuated slightly and closes to-day at Rs. 1254 for TT and Rs. 125} for Post. Shanghai 721 and on Yokohama at 23 per cent. Į remium.
The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 11th instant, viz. :-
Chintzes-Assorted Velvets-Black, 22 in. Velveteens-18 in.
WOOLLENS-
to 4.50
per yard 0.08 to 0.25 0.23 to 0.60 0.23 to 0.28 per dozen Handkerchiefs-Imitation Silk 0.25 to 3.50
per yard Spanish Stripes--Sundry chops. 0.65 to 2.25 Habit, Med., and Broad Cloths 1.25 to 3.00
per piece Long Ells-Searlet, 7-10 lbs. 6,85 to 8.225
Assorted
7.00 to 9.40 13.30 to 34.00
Camlets-Assorted Lastings-30 yds., 31 inches
Assorted
Orleans-Plain
Blankets-8 to 12 lbs,
Fine quality.
METALS---
(12.50 to 17.00
10.00 to
per pair 0.60 to 0.80 1.40 to 2.00
per picul 4.60 to Square, Flat Round Bar(Eng. 4.60 {༣ Swedish Bar
4.65
to
5.00
to
6.50
to
9.20
to
3.20 to
Iron-Nail Rod
Small Round Rod Hoop to 11-2 in., Wire, 10 25,
Old Wire Rope
Lead, L. B. & Co. and Hole Chop 7.95 to
Australian
7.95 to Yellow M'tal--Muntz 14 20 oz.39,50 to Vivian's 14,20 oz,39.60 to Elliot's 14 20 oz.39.00 to
Composition Nails.. Japan Copper, Slabs..
Tin...
Tin-Plates
Steel to SUNDRIES-
Quicksilver
Window Glass
Kerosene Oil...
..61.00 ..39.00
to to
.8:00 to
1
box. per 8.30 to per cwt. case 6.50 to
per picul 18 0
to per box.
5.75 to
per 10-gal. case 2.61 to
SHANGHAI, 15th October: From Me-srs. Alex. Bielfeld and Co.'s report of 10th October.-In Indian:-Owing to internal trouble being much Metals there has been a most decided improvement quieter in Szechuen and to a good demand from during the week, the Chinose apparently seeing the River Forts, a much bigger business has been that prices are so well maintained at home that done and sales of 20,897 bales are reported, com- they cannot hope for lower rates. As a conse- prising 6,382 bales No. 10s., 3,66 ba es No. 12s.,quence, several contracts for old Materials have 1,400 bales No. 16s., and 9,455 bales No. 20s., been closed. For new Iron, however, there has
been less demand. prices showing an improvement of one Tael all round and market clo ing very firm. Estimated
• unsold stock about 25,000 bales.
Japane e-Reported sales aggregato about 1,000 bales, say No. 168. at Tls. 85 to 90, and No. 208. at Tls. 90 to 931, prices showing a decline of half a Tael and market closing weak.
Local:-Have been in very good enquiry and sales of 30,000 bales have been effected at Tls. 761 to 77 for No. 10s., Tls. 781 to 791 for No. 128., Tls. 781 to 821 for No. 14s., and Tls. 81 to 821 for No. 168.. prices showing an appreciation of half to 1 Tael and market closing steady.
MISCELLANEOUS IMPORTS. HONGKONG, 24th October.-Amongst the ales reported during the week are the following:--
per baie Bombay-Nos. 10 to 208......$83.00 to $124.00 English-Nos. 18 to 24, 114.00 to 120.00
"
22 to 24,
28 to 32.
"
38 to 42,
*
COTTON PIECE GOODS-
Grey Shirtings-6 lbs. 7 lbs.
120.00 to 136.00 to 155.00 to
128.00
142.00
170.00
per piece.
2.20 to 2.30 2.30 to 2.50 8.4 lbs.
3.10 to 3.77) 9 to 10 lbs.... 3.85 to 5.09 White Shirtings-54 to 56 rd. 2,60 to 2.91 58 to 60 3.25 to 3.45 64 to 66 3.55 to 5.35 Fine..
5.40 to 7.85 Book-folds 4.55 to 7.00 Victoria Lawns-12 yards...... 0.75 to 1.40
>>
|
SHANGHAI, 15th October (from Messrs. Noël, Murray & Co.'s Piece Goods Trade Report of 9th October.)-PIECE GOODS.-Although there have only been three working days since the issue of our last circular on 4th instant it has become ap- parent that there is more movement among Chinese. As yet it has not affected importers as far as new purchases are concerned, but the movement has made itself distinctly felt as far as clearances are concerned. The market that has shown most ac- tivity in this direction is Szechuen which, apart from taking deliveries of previous purchases, have bought freely of Indian Yam, Grey Goods and White Irishes, while it s rumoured that some or ders, which will be welcomed, have been received for Fast Black Italians. Tientsin continues to take goods somewhat freely and it daily bec··mes more evident that this warket is short of zupplies and the principal stumbling block that prevents erchants from operating freely is the present abnormal low rate of local exchange. We hear that shipments of suitable goods have been trans- ferred hence for realisation. In addition to the above enquiry there appears to have been a little done for Chefoo, but it is dfficult to know exactly what has been done as dealers have been forward. ing s much from their own holdings and in con- sequence little has been taken from first hands. The market for Indian Yarn has again b en active and sales of 9,326 hales are reported the principal buyers being Szechuen and the River Port-. From what we have heard it would appear that the {former market does not take the saine quantity of manufactured goods as it used to, and pays more
[October 25, 1902.
attention to Indian spinnings. This, from recent purchases, may appear to be quite correct, but we must not forget that particular market has been With the much upset for a con-iderai-le time. exception of a little demand for Grey Goods pri- vate business has been very small and the sales reported are scarcely worth noticing but the auc- tion sales show distinct funess which tends to show that dealers have still some confidence in the future. There is an easier feeling for Cotton in Liverpool as the latest quotation is 443, but this does not appear to have unde any difference in Manchester as the latest advices report the market as strong as ever. The above position is showing itself here as Importers are firmly refusing to sell at anything like the prices offered, and in the ad- New vances paid hy dealers at the auctions. York is also very firm and it is said that the c.f.i. price of P. M. C. Drills has advanced three pence per piece since our last circular. We hear that the purchases made in New York for this market since 1st August last amount to 5o 000 bales and that of this quantity the indents made on account of Chines: • o not aggregate 1,000 bales.
SHARE REPORTS.
HONGKONG, 24th Octobor.-A fair general enquiry continues to be met with, and sales of most of our leading stocks have been effected at gradually hardening rates.
BANKS. Hongkong and Shanghais have been booked at $632) and S630, and close with sellers at the latter rate, London has declined to £65. Nationals are neglected at 8274.
MARINE INSURANCES.- Unions are reported to have been placed at the advanced rate of $46); and Chiua Traders at $604, North Chit as continue
on offer at Tls. 187. Yangtszes have been booked at SII. Cantons сад be procured at $167 ex the dividend of $14 per share for 1901 paid to-day.
FIRE INSURANCES.-Hongkongs have sold and can still be procured to a slight extent at $350. Chinas have found buyers at $86 and close steady.
SHIPPING.-Hongkong, Canton and Macaos are wanted at $36 after sales at the rate. Indo-Chinas bare further improved to $100 with buyers, sellers asking $102 and equivalent rates on time. China and Manilas have been booked at $26, but there are no buyers now over $25. Donglases after sales at 8425 and 842 are Star Ferries aro now procurable at S. wanted at the improved rates of $22 (old) and $12 (new). Shell Transports continue on offer at £l. 17s. 6d.
REFINERIES.--China Sugars have been dealt in to a fair extent at $99 and $100, and close with a few more shares obtainable at the higher rate. Luzons have jumped to $15 buyers.
-
MINING. Punjoms have declined to 821 with probable sellers. Jelebus are offering at S, and Raubs at 88. Charbonnages can be procured at £600.
DOCKS, WHARVES & GODOWNS.-Hongkong and Whampoa Docks continued to advance dar- ing the earlier part of the week until 8222) for a small parcel was paid; the rate then fell off somewhat to $220 at which a fair business is re-
orted to have ben done, the market closing steady at this figure. Hongkong and Kowloon Wharves have continued in stoady request, and can now be placed at $89. New Amoy Docks are unaltered at $37 buvers.
LANDS, HOTELS & BUILDINGS.-Hongkong Lands have been in steady request with fair transactions effected at $180: there is now a small unsatisfied demand at $182. Kowloon Lands continus on offer at $30. West Points are in some request at $473, and Humphreys Estates at $124. Hongkong Hotels have been booked at $131 and are now wantod at $132. Orientes continue out of favour at $40 sellers.
COTTON MILLS.-Hongkong Cottons have sold at $17 and further shares are procurable. Interna- Ewos have declined to Tls, 38 sellers. tionals are slightly better at Tls. 31 with buyers.
MISCELLANEOUS.-Green Island Cements have sold and are in further request at 3204. China Borneos can be procnred at $30. A. 8. Watsons have improved to $15 with sales and further buyers. Electrics (old) are still on offer at $13 the new shares are in strong request at $6.35. Ropes are lower with sellers at $125. Steam Water-Boats are easier with sellers at $99. Dairy Farms can be procured at $12. China Providents have sellers at $10; and Wm. Powells at $84.