238
COMMERCIAL.
TEA
HANKOW, 16th September.-Business reported since the 9th inst. is as follows:-Settlements, | 2,835 half-chests; Shipments to Shanghai on native accounts, 2,454 half-chosts, consisting of Oonams at 'lls. 14.50 per picul, 1,933 half- chests Oonfans at Tla, 1150 to 22,00 per picul and 94 half-chests Ichange at Tls. 18.00 per picul. The entire business to date, as compared with the corresponding period of last year, is estimated as under :-
1903. 1902. i-chts. j-chts.
147,103 507,000
For London, America and
European Continent.. 194,632 For hussia
581,272
725,904
654,105
SILK.
SHANGHAL-Messrs. A.R. Burkill and Son in their circular dated the 17th inst. state :-The home markets are unchanged. Raw Silk-a fex sales of Tsatlees are reported, but there is no General buying at present. Yellow Silk.-A fair business has been done and prices have further advanced. Hand Filatures are neglected. Steam Filatures.-- A few settlements of fine sizes are recorded. Waste Silk The market for low
Waste keeps very strong, and Continental buyers are eagerly competing for all qualities. Frisonets (whole bales) have been done @ Tls. 38,39. Shantung Long Waste B have been taken @ 'I'la. 40 for whole bales. Business is reported in Hankow Frisonets (common, whole bales) @ Tis 34, Kowan No. 2 (whole bales) @ Tle. 37/38. Woozie pierced Cocoons 68/69% Silk ( Tle, 98. Curlies No. 1 @ Tls. 101/105.
CANTON, 25th September-Export- Re-reels. - Beyond a sale early in the fortnight of 30 Bales No. 1 Yee Wo Hing's White Ticket, reported at $825, we hear of no business in this class. Filatures.-Have ruled extremely quiet. Export is hampered by the high rates of Exchange, while reelers on the other hand hold firm and
refuse to make concessions. A small business only has passed, from which we take-Wing Cheong Sing 11/13 at $980, King Seng 11/13 at $950, Kwong Shun Hang, Kun Wa Lun 11/13 at $935, Yu Kig Lan 11/13 at $915, Ching Kee 11/13 at $900, Wai King Wo 18/22 at $920. Best 3e Order have been dealt in sparingly at $815 for 11/13,18/15, $765 for 14/18 and $730 for 18/22. Short-reels.-A transaction of 150 bales was ni de early last week at $930,925 for Miu King Lun, Kum Sing Lun. 1910 for Cheong Seng, $9 for Mee Kee, Shun King, Kwong Seng. Apart from this there is nothing to report. Waste Silk The advance has continued on all classes, aided by higher prices paid for export. Steam Ext. Sel. is reported to have sold up to $137 for opened " and $128 for "unopened," and Ext. Ext. "opened" has been done at $106. We expect to see present rates at least maintained for some time to come.
"
Do.
SUGAR.
HONGKONG, 2 th September.-The downward tendency continues. market being weak. Shekloong, No. 1, White......$8.40 to $8 45 pol.
2, White.... 6.55 to 6.76 Do. No. 1, Brown...... 6.10 to 7.15 Do.
2, Brown... 5.90 to 5.95 No. 1, White.
8.30 to 8 35 7.45 to
7.50 5.85 to 5.90 5.70 to 5.75
Swatow,
Do.
1. White.....
*
Do.
"1
1, Brown...
Do.
"
2, Brown,
.10.80 to 10.85
91
#
RICE.
Foochow Sugar Candy 12.70 to 12.75
Shekloong
THE HONGKONG WEEKLY PRESS AND
YARN.
Mr. P. Eduljee says in his Report, dated Hong- kong, 21th Sept: Shortly after the departure of last mail. holders succeeded in establishing an advance of $1 to $1 per bale, but transactions have not been large; the demand lasting only during the first half of the interval, and buyers confining their purchases to actual and pressing requirements. Dear money, a poor up-country demand, and above all, the vagaries of exchange, are the depressing influences. Latterly little or no business has been done, as dealers are reluct- Rut to commit thems‹lves in view of the uncertain position of exchange, and although both Bombay and Shanghai continue firm and active, the feeling amongst importers is not strong, and the market again closes quiet and unsteady. In the absence of demand our quotations, though showing some variation, must be considered more or less nominal. Receipts, meanwhile, have been pouring in, and with smaller cfftakes our estimate of stocks show! a ubstantial increase of 8,000 bales during the fortnight.
Local Manufacture:- Prices keep steady, and sales of 350 bales No. 10's and 150 bales No. 12's are reported at $101 and $1031 respectively.
Japanese Yarn:-Continues in request at firmer prices, business being confined to No. 20's, of which about 1,100 bales have been soll, say 925 bales. Red Peacock at $128) to $129, co bales Two Stags at $125, and 75 bales yellow Joss at 1231.
the average.
Raw Cotton:-A small but first importation of buyers at $30, the quality being quite up to 150 bales New Ningpo Cotton has found ready
Indian descriptious continue in small request; sales reported are 458 bales good to best superfine Bengal, say 131 bales at $27, 72 bales at $26, 55 bales at $25), and 200 bales at $25, leaving an estimated unsold stock of about 2,000 bales on the Market. Quota tions are: India $20 to $27, and China $28 to $31.
Exchange on India continued steadily to decline during the first week and touched as low as Rs. 186. Latterly it has again taken an upward turn, and close to-day strong at Rs. 138 for TT and Rs. 138 for Post. On Shanghai 72) and on Yok hama 90.
The undernoted business is reported from Shanghai in imported and local spinnings during the fortnight ended the 11th instant, viz:-
Indian-Market steady; prices showing an advance of half to one Tael. Total sales aggregate 6,982 bales, comprising 2,202 bales No. 10'8., 85 bales No. 12's, 535 bales No. 16's, and 3,350 bales. Estimated unsold stock about 37,000 bales. Japanese:-Total sales 2,500 bales on the basis of Tis. 83 to 89 for No. 18's., and Tis. 0 to 941 for No. 20's., prices showing a decline of one to two Taels and market closing weak.
Local:-Very little doing and in a disappointing condition generally, sales from first hand amount- ing to 1,000 bales, on the basis of Tls. 84 for No. 12's, Tis. 86 for No. 14's., and Tls. 88 for No. 16's.. prices showing a decline of fully two Taels al
round.
OPIUM.
HONGKONG, 24th September.--Since the 10th inst. the movements in the Opium markets have been as follows:-
CHESTS.
Malwa, Patna. Benares. Persian
744 1,737 637
Stocks on 27th alt., 1906. Aug. 27, Imports per Ballaarat 453 Sept. 1,
Kumtang
C. Apear
"
[Se, tember 26, 1903.
COALS.
HONGKONG, 25th September. About 5,600 tons of Welsh, 32,500 tons Ĵapan, and 3,000 tons Hongay and Kebao coal are expected, but only the Welsh coal is for sale Qutations are:--
Cardiff. $20.50 to $21.00 ex ship offering. Australian $10.50 ex ship sellers. Yubari Lump $12.00 ex ship.
Miiki Lump...$1.50 to $11.00 ex ship, nominal. Moji Lump. .$8.50 to $10.40 ex ship, weak. The arrivals since the 12th have been 48,850 · tons Japanese coal: 5,390 tons Cardiff coal; 4,000 tons Australian coal, and 9,20 tons Hongay coal.
MISCELLANEOUS IMPORTS. SHANGHAI, 17th September (from Messrs. Noël Murray & Co.'s Piece Goods Trade Report):- Although business during the past week has been far below what it would have been in any ordinary year, there has been more movement in the market. This is at first apparent from the increased de- liveries and the general better tone of enquiry emanating from the Tientsin dealers. So far we have not heard of much business by importers, but we have been told that Native holders have dis- posed of about 4,500 bales American goods for shipment this year. We have not been informed what prices were paid, but we imagine they were very low, otherwise the Native dealers would not continue the policy they have lately adopted of selling sound American goods by public auction where the prices obtained have been far from good. The Chinese defend their action by saying they must have money to meet the demands of the Native Banks. From Newchwang there has been some enquiry, but the prices offered are too low to admit of business. Chefoo is doing little, but the River Port markets continue active, and have been taking good quantities of Indian spinnings, prices for which are decidedly stronger. The Manchester market is stronger than ever, and the higher rates now asked are checking business although we have been t ld some manu- facturers have sold their production up to the end of January next. From New York there is no news, but with the price of the raw staple as it is at present lower prices can scarcely be looked for. Cotton in Liverpool has advanced to 6.728. and we believe is fairly strong at that figure. The Cotton yarn market has been fairly active and sales of 8,479 bales have been made, and it is pleasant to note that Tientsin took a fair propor-
tion of the 3,619 bales No. 10s which were sold. Piece Goods.-There has been rather more doing this week and we have been told that business has been done from in 8.4-lb. Grey Shirtings, 10-lb. Grey Shirtings and Turkey Rede, but we are unable to give the prices at which the busines was done. We also hear that a fair business has been done in Heavy Grey Shirtings, Continentals and Fine White Shirtings, for shipment during December, January and February, while business in indents for Fancy Goods has also taken place. The improved tone of the market is evident at the auction sales, where prices showed a general tendency to advance.
$31 (@ 3 .$96 @@ 97
HONGKONG QUOTATIONS. HONGKONG, 25th September.
Bears Camphor (China).
(Formosa) Cassia (First quality)
.$108 120
.$25
(Second) Oil
">
.816}
$175
J
.812 @ 24
....$330
...$3 (w. 6
Cloves
Fennel Seed Oil Galangle Garlic ........
$4
.$291
$19 (21
460
25
2,557 29
15
10
8,
1,093
286
24
1,197
3,305 954
2,588
13
+1
Less Exports to Shanghai Less Exports to East and West Coast Ports including Local Consumption for the fortnight..
108
176
185
250
601
145
246
Glue
Grapes
}}
Estimated Stocks this day
830
2,539 644 2,340
Bengal. The demand is on a smal! scale as the Chinese are holding a fairly large stock, quote Patna and Benares, at $1,1021. Bargains, 1,780 chests.
We
Rosa Oil
Saltpetre
Sandal wood
Oil
Senna Leaves
.$1
@ 8
Sugar Candy
$11 @ 111
Vermilion
$87
Wax
.$40 @ 45
HONGKONG, 22th September. The prices are further declining stocks accumulated.
Saigon, Ordinary
12
Round, Good quality Long
Siam, Field mill cleaned No. 2
Malwa.-The market is steady at the following Quotations:-
New
$1,000
2/9 Years old 3/1
1,060
11
Oldest
1,080 1,100/1,120
are
Persian Best qualities are scares prices for which $800/841 square $750/760.
tend upwards. Quotations
Quotations are:-Allowance net. to 1 catty.
Ivory
Kismiss
Olibanum
$210 (a, 630
..$19 ( 21
$6
(a 28
$70 (215
$10} @ 11}
$23 @ 30
$200 @ 370
$3.20 to $3.25
4.90 to 4.95
5.15 to 5.20
3.73 to 3.80
Garden,
"
White,
P
Fine Cargo
HONGKONG
No. 1
31
4.25 to 4.30 4.95 to 5.00 5.20 to 5.25
long
MISCELLANEOUS EXPORTS.
MANILA.-The latest quotations by mail are:-
HEMP.
Albay, current
$181
COTTON. 26th Sept.- Emall
sales at decline of $.. Stock about 2,300 bales.
23.50 to 24.00
Bombay..
Bengal (New), Rangoon 24.50 to 27.00
and Dacca.....
)
Malwa New
.$1,000 to
per picul.
Leyte, do.
$221 to 231
A
Malwa Old Malwa Older
$1,060 to
do.
Daet,
do.
.$18
$1,080 to
do.
Na, Caceres (Catanduanes).
.$19
picul Malwa V. Old
$1,100 to
do.
Sorsogon.....
$23.00
Persian fine quality
..$840
to
do.
SUGAR
19
Persian extra fine
.$820
to
Shanghai and Japanese, 29.00 to 30.00 Tungchow and Ningpo, 29.00 to 30.00 Sale-375 bales.
Patna New
23
Patna Old
Benares New
$11,024 to $1,105 to ..$1,102 to
do. per chest.
Iloilo No. 1......
$5
$47
19
do.
do.
8... Assorted..
.841
JJ
}