[November 21, 1903.
COMMERCIAL.
SILK.
SHANGHAI, 12th November. Messrs. A. R. Burkill and Son's Circular:-The home markets are weak, Gold Kiling is quoted in London at 12/9.
Raw Silk.-A sale of Gold Kiling is reported at Tls. 635, but there is practi- cally no business doing. Yellow Silks About 200 Bales have been settled, the market closing easy. Hand Filatures are neglected. Steam Fila- tures are considerably above home ideas and hold- ors are less ready to make concessions on account of the sudden drop in exchange. Waste Silk.-- Market weaker in sympathy with home markets.
Do.
JJ
SUGAR.
HONGKONG, 20th November.-There is no market and the prices are declining. Shekloong, No. 1, White......$8.55 to $8.60 pols.
2, White.. 7.50 to 7.55 5.95 to 6.00 ... 5.80 to 5.85 " 8.40 to 8.45 7.45 to 7.60
Do.
Do.
Swatow,
Do.
Do.
Do.
No. 1, Brown.
2, Brown,
1, Brown...... 5.80 to
"
#
No. 1, White...
"
2. White
"
5.85
1
*
2, Brown,
5.00 to 5.65
"S
12.80 to 12.85 .........10.75 to 10.80
#
RICE.
Foochow Sugar Candy Shekloong
**
HONGKONG 20th November.-The prices are declining, market being dull.
$2.80 to $2.95
Saigon, Ordinary
Round, Good quality Long
Siam, Field mill cleaned, No. 2
Garden, White,
11
Fine Cargo
No. 1
71
OPIUM.
4.55 to 4.60 4.70 to 4.75 3.40 to 3.45 4.15 to 4.20 4.75 to 4.80 5.10 to 5.10
THE HONGKONG WEEKLY PRESS AND
HONGKONG, 19th November. Since the 5nd ulto., the movements in the various opium markets have been as follows:—
Stocks as per circular of
End ult., 1905.
Nov. 6th Imports per Chusun
9th 31st
Malwa, Patna. Benares. Persian,
2,028
1,304 1,431 4:9
391
109
11
C. Apear
"
"
•
3rd
4. Apear Armond Bekie-
414 60 300
135 6 140
1,095 905
2,245 659 2,197
345 245
173
710
181
299
Less Exports to Shanghai Less Exports to East and West Coast Ports including Local Consumption for the fortnight..
•
Estimated Stocks this day 1,317 1,141 233 1,898
Bengal-Owing to the declineiu exchange, Į rices advanced to $1,130 for Patna and Benares, but the Chinese have been buying very cautiously. The Market closes quiet @ $1,127) for Patna and Benares. Bargains 714 chests.
Malwa.-Although the Market has advanced in sympathy with the drop in exchange, the volume of business has been restricted.
New
2-2 years old 4-5
Oldest
きま
$920/30
$973/90
$1,000/30
$1,080/1,100
Persian-Market is quiet. Quotations are $800/810, for good long cakes, and $750/60, for good square cakes. Inferior quality is neglected.
HONGKONG, 20th November.-
Quotations are :-/
-Allowance net. to 1 catty.
|
Southern Provinces, however, precludes the pos- bibility of any considerable improvement taking place in the near future. The small business noted below is more or less of a retail character, and was put through during the early portion of the interval when Rupees touched 182, and sales to the extent of about 2,000 bales were effected at an advance of $1 to $2 per bale. quently a slight improvement in exchange has again frightened away buyers, but holders are entirely indifferent, and a temporary check for the moment is heing experienced, the market meanwhile closing firm.
Subse-
Local Manufacture:-Continues firin, but ex. periencing no demand.
Japanese Yarns:-Are weak and sales of 200 bales Settsų No 20s, at $1264 are reported.
Raw Cotton:-In sympathy with the advance on the other side, New Crop Indian descriptions have been much more sensitive, and rates may be quoted 50 cents higher; 729 bales changing hands at from $25.10 to $26) leaving a stock of about 700 bales on the market. In China kinda sales of 180 bales Ningpo at from $30 to $31 are reported, the market being bare of stock. Quotations are Indian $22 to $271 and China $28 to $32.
Exchange on India has continued to decline and closes weak to-day at Rs. 132 for TT and Rs. 182 for Post. On Shanghai 71 and on Yokohama 86).
The undernoted business in imported and local spinnings is reported from Shangbai during the fortnight ended the 6th instant, viz :—
Indian A moderate business has been done at unchanged prices, total sales amounting to 5,120 bales, comprising 60 bales No 68, 1,675 bales No 108, 470 bales No 128, 250 bales No. 148, 415 bales No. 16 and 2,220 bales No. 20s, market closing firm.
Estimated unsold stock about 30,000 bales.
Japanese-Total sales 2,500 bales on the basis of Tis. 83 to 89 for No. 168, and Tls. 90 to 94 for No 20s, market closing quiet.
Local: -Total sales 6,000 bales on the basis of No. 10s, Tls. 85 to 861, for No. 128. T. 88 to 88 for No 148, and Tls. 90 to 90 for No. 168, market closing steady.
MISCELLANEOUS IMPORTS. HONGKONG, 20th Nov.-The prices ruling are as follows: COTTON YARN-
Bombay-Nos. 10 to 20, English-Nos. 16 to 24,
22 to 24,
*
28 to 32,
单管
38 to 42,
Reported sales 1,500 bale.
+
77
114.00 to 120.00 120.00 to 128.00 136.00 to 142.00 155.00 to 170.00
METALS-
Iron-Nail Rod
Square, FlatRoundRar(Eng.)4.00 to
Small Round Rod
387
per picul
to
Swedish Bar
4.05. to
4.80 to
Hoop to 11/2 in.
6.00 to
Wire, 18/25 oz. .................. ............................... Wire Rope, Old
9.00
to
to
per pioul
to
8.00
to
to
Vivian's 14/20 oz.89.60 Elliot's 14/20 oz.89.00
to
to
.61.00
to
METALB
Lead, L.B. & Co. and Hole Chop 8.00
Australian
Yellow M'tal-Muntz 14/20 oz.39.00
Composition Nails.. Japan Copper, Slabs............ .88.50 to Tin..
Tin-Plates
.72.50 to
per box:
.......... 7.00 to
SHANGHAI, 12th November.
It is
From Messrs. Noel, Murray & Co's. Piece Goods Trade Report:Since we wrote on the 5th inst. the condition of our market has undergone a very complete change. This has not been brought about by any fresh complications in the political leading role of the Northern aggressor, in fact to situation, for procrastination continues to be the
such an extent it is being carried out that it is really difficult to understand how Japan can ing attitude so long assumed towards her. possibly put up with much more of the temporiz- now certain the authorities in Peking have at length seen through the blandishments with which they have been blinded by their erstwhile supposed friends, and are now ready to side against them, which perhaps is what Japan was waiting for; as although nothing much could be expected in the way of support, owing to the crippled state of the finances of this country, it was almost essential that the sympathy of China. should be assured, and nothing is more likely to lead to a peaceful solution of the difficulty, Therefore, in so far as the fear of hostilities breaking out is concerned, the feeling is certainly easier; but other complications, much more closely connected with actual trade conditions, have arisen during the interval to upset entirely what was promising to be a revival in the trade. It was not to be, however, for the two most important factors that govern it, more especially at this time of the year when the dealers are desirous of placing orders for the following season, namely, exchange and price of the raw staple, have combined to stop business completely. The $ 90.00 to $128,00 dealers continue to be quite nonplussed by the violent fluctuations in exchange, nor it is an easy matter to grasp the why and the wherefore of the present sudden slump; but it is shrewdly suspected that the Eastern Banks are to a certain extent responsible for it, the state of the financial market here lending itself to facile manipulations. Cer tain it is, however, that this place is being denfided of silver, creating a stringency which reacts on the import trade. Low exchange may stimulate exporta and thus help to some extent to steady sterling rates, which at the moment are about two pence under the parity of Silver. Prominent dealers here are inclined to the belief that the coming payment of the iustalment of the indem- nity is not disassociated with this decline. The more circumstantial reports coming in now còn- cerning the cotton crop in the States, make it almost certain that even the low estimate recently given will not be realised, and as next to nothing will be carried forward of the last crop, something like a panic has taken place in the producing cen tres, and prices are advancing by leaps and bounds. The public telegrams quoting the price are hardly reliable, being 5.94d. on the 7th inst, but only 5.90d. yesterday, whereas a private wire received on the 9th inst. made it 6.13d. which seems much more probable. Both Manchester and New York are in consequence much excited, and quotations for heavy goods have jumped up 44d. to 6d. in the week, and it is doubtful if business would go ·· through even at that, as Manufacturers are all taking a stronger view. Under the cir cumstances operators here, finding themselves literally "between the devil and the deep sea," have practically shut up. Second hand holders are asking the merchants an advance of at least one mace per piece, but the latter are only willing to do a hand to mouth business, while importers who hold goods require a full rise. Stocks in the country are undoubtedly light, but are accumulating here; however, the statistica. position by March should be very healthyl Clearances are poor, in spite of the fact that the last steamers will be leaving for Newchwang next week, and there is said to be some' demand for goods there. It is reported that now has already fallen heavily, and northerly winds pastail, which betoken an early closing.
COTTON FIECE GOODS-
per piece Grey Shirtings-6 lbs.
2.30 to 2.40 7 lbs.
2.50 to 2.80 8.4 lbs.
8.50 to 4.25 9 to 10 lbs. 4.30 to 5.50 White Shirtings-54 to 56 rd. 2.90 to 3.25 58 to 60 3.50 to 4.00 64 to 66 4.25 to 5.75 Fine
6.00 to 8.50 Book-folds 5.00 to 8.00 Victoria Lawns-12 yards 0.85 to 1.75 T-Cloths-6lbs. (32 in.), Ord'y, 2.30 to 2.80
7lbs. (32,,
2.50 to 3.00 6lbs. (32 ), Mexs. 2.50 to 3.00 7lbs. (32,, ),
3.10 to 3.30 8 to 8.4 oz., (36 in.) 3.30 to 4.03 Drills, English-40 yds., 13 ) 4.75 to 7.30
to 14 lbs.
11
FANCY COTTON 8---
Turkey Red Shirtings—1} to 8 lbs.
Malwa New
.$920'
to $940 per picul.
Malwa Old
..$970
to $990 do.
Malwa Older
.$1,020
to $1,040 do.
Malwa V. Old
$1,080
to $1,100 do.
Persian fine quality
..$810
Persian extra fine
to $820 to
do.
do.
Patna New
$1,1274
to
per chest.
Benares New.
$1,1271 to
COTTON,
do.
Brocades-Dyed
DAMASKO-
Chintzes-Assorted Velvets Black, 22 in Velveteens-18 in.
Handkerchiefs-Imitation Silk 0.30 to
HONGKONG, 20th Nov.-Good business at a rise of $ per picul. Stocks about 1,200 bales.
Bombay..
Bengal (New), Rangoon
and Dacca
Shanghai and Japanese,
24.00 to 25.00 picul
24.00 to 26.50
79
29.00 to 30.00
Tungchow and Ningpo, 30.00 to 81.00
Sale: 1,000 bales.
YARN.
Mr. P. Eduljee says in his Report, dated Hong- kong, 20th November:There is much less doing in this market, but at the close an undertone of strength is apparent which is giving dealers some encouragement, and a good demand is looked for towards the end of the month, when all harvest- ing operations will come to an end. The tight- ness of money amongst the natives, combined with the stagnation of trade generally throughout the
4.00
1.80 to
to per yard 0.12 to 0.23 0.17 to 0.50 0.17 to
0.22 per dozen
8.00 WOOLLENS-
per part Spanish Stripes-Sundry chops 0.72) to 2.25 German
to Habit, Med., and Broad Cloths 1.25 to 8.50
per piece
Long Ells-Scarlet, 7-10 lbs. 6.95 to 9.30
Assorted
7.10 to 9.45 Camlets-Assorted
12.50 to 33.00 Lastings-30 yds., 31 inches
Assorted Orleans-Plain, 31 in. .........
Blankets-8 to 12 lbs.
Fine quality
12.50
to 22.50
10.00
to
per pair 0.60 1.25
to 0.80 to 1.85