50
COMMERCIAL.
SILK.
CANTON, 81st Dec., 1903.-There is little of interest to report in this issue owing to the Christmas and New Year's holidays. Re-reels. --- No transactions have taken place since our last circular. Filatures.--Demand has been rather quiet during this fortnight and there is no sign of improvement; however, dealers are firm and with advancing exchange business is not facilitat- ed. From pu chases made we quote: Sam Yu Yee 9/11 at $920, Cheong Hing 11/13 at $900, Kwong Lun Fung 10/12 at $830. Short-reels.- Few transactions have taken place from which we can quote $900 for Kwong Shun Ching, $855 for Kwong Lun Hing. Waste Silk. -Some demand at low prices but dealers are not willing to give way in prices..
Messrs. A. E. Burkill & Son in their Circular, state-The home market are quiet. Raw Silk.— A few small settlements are reported in Tsatlees, and a fair business has been done in Kahings. The rapid rise in exchange has practically paralysed business for the time being. Yellow. Silk.- Mienchews continue to be in demand but at lower price. Hand Filatures.-A few settlements are reported at prices given below, the market closing very weak. Steam Filatures. We only hear of a few transactions. Waste Silk.--Nothing doing.
SUGAR.
HONGKONG 15th January.There is no change in prices as when last reported. Shekloong, No. 1, White......$8.65 to $8.70 pels.
Do.
"
2, White..... 7.65 to 7.70 1, Brown... 6.10 to 6.15
*1
Do.
E
Do.
2, Brown..
5.90 to
5.95
31
**
Swatow,
No. 1, White....
8.55 to
8 60
Do.
2. White
7.60 to
Do.
19
1, Brown...... 5.95 to
7.65 6.00
J
Do.
23
5.85 12.90 to 12.95
#
"
10.75 to 10.80
2, Brown...... 5.80 to Foochow Sugar Candy Shakloong
RICE.
HONGKONG 15th January.-A further decline in prices is reported.
Saigon, Ordinary
**
21
Round, Good quality Long
Siam, Field mill cleaned, No. 2 No. 1
THE HONGKONG WEEKLY PRESS AND
COTTON.
--
HONGKONG, 15th January: Market quiet, prices are lower by $2. Stock about 1,7 3 bales.
Bombay...
25.00 to 27.00 picul Bengal (New), Rangoon ! 27.00 to180 00
and Dacca..
Shanghai and Japanese, 29.0 to 3.00 Tungchow and Ningpo, 29.00 to 31.00
YARN.
Mr. Eduljes in his report, dated Hongkong, Jan. 15th says:-The steady and large advance in the value of silver has had the effect of again disorganizing our market and curtailing business. The new settlements effected during the last fort- night comprise a few forced sales, but prices realized cannot be accepted as a fair indication of the market. Holders are anxious sollers, and would willingly submit to greater concessions if any large quantity could be placed, but for any- thing beyond actual requirements dealers will not offer at any price. The fluctuations in exchange during the next week or two will be anxiously watched by both buyers and sellers, as on them depend, in a great measure, the extent and dura tion of the winter demand usual at the close of the Native year.
Latest telegrams from Bombay make that mar- ket very strong with spinners disinclined to sell, owing to extreme rates of raw cotton and prospects of much restricted shipments later on.
=
Local Manufacture:-Continues quiet but firin. Japanese Yarn:-Sales reported amount to 500 bales No. 20s, say 350 bales Settsu at $137 to $138, and 150 bales Miike at $135 to $136. Close weak. Raw Cotton:-There has been nothing doing in Indian descriptions Extreme rates have checked consumption, and a concession of $2 to $3 per picul has failed to attract dealers, who still hold the greater portion of their late heavy purchases. Estimated unsold stock about 8,000 bales. In China Cotton, sales of about 150 bales Thoongchow at $32 are reported, stock 250 balea Quotations are: Indian $27 to $30 nud Chinese $30 to $34.
Exchange on India has continued to advance in sympathy with silver and closes to-day at Rs. 1371 for T/T and Rs. 137 for Post, showing an advance of nearly nine points during the fortnight. On Shanghai 71 and on Yokohama 914:
A
*
The undernoted business in imported and local yarns is reported from Shanghai during the fort- night ended the 31st ultimo, viz:—
Indian Total sales 725 bales comprising 35 bales No. 40s, 500 bales No. 108, 70 bales No. $3.00 to $3.05 128, 50 bales No. 168, and 70 bales No. 20s, 4.60 to 4.65 prices remaining with little alteration as those 4.75 to 4.80
last given and market closing steady. Estim- 3.60 to 3.6❘ated unsold stock about 44,000 bales. 4.40 to 4.45 Japanese-Have ruled firm and sales of about 4.80 to 4.85 1,500 bales have been affected at Tls. 89} to 94, 5.20 to 5.25
for No. 168, and Tls. 7 to 101 for No. 20s. market closing weak.
Garden,
White,
Fine Cargo
OPIUM.
14th January.
Quotations are:-Allowance net. to I catty
Malwa New
$950
Malwa Old
$990
to $970 per picul. to $1,010 do.
Malwa Older.
$1,030
Malwa V. Old
.$1,070
to $1,050 do. · to $1,100 do.
Pérsian fine quality. $910
to
do.
Persian extra fine...$920
to
Patna New
.$1,255
Patna Old
1.
Benares New Benares Old
to to ..$1,2521. to to
do. do. do.
do. per chest.
HONGKONG, 14th January.. The movements in the various Opium markets have been as follows:
Stooks as per circular of -90th ult.,1903.
Malwa, Palna. Benares, Persian
1,394 1,351 785 2,140
200
172 73 25
121
БО
19
Jan. 2nd Imports per Bengal 457
6th
F1
带复
A. Apear
12th
57
"
•
Ernest Simon-
140 |
Local: The market is quiet and the only transaction reported is a small parcel of 50 bales No. 14s, at Tis. 96. ¡
MISCELLANEOUS IMPORTS. Messrs. Noël, Murray & Co. in their Piece Goods Trade Report of 7th January, state-The year has opened in anything but an auspicious manner, and with every promise of a continuance of the vicissitudes that will make the past twelve months memorable. The market was subject, during that period, to the most violent fluctuations, owing to the sudden changes in the conditions by which it is governed, so much so that during the whole time it was practically impossible to look more than three or four days ahead with any safety. The Native dealers, usually so astute, have found the fluctuations of exchange most puzzling, and have generally managed to do the wrong thing; but the recent rise has assisted many in their later transactions to make up for some of the past losses. Everything now turns on the near future course of events, and the uncertainty as to whether there is to be war or not has become almost unbear- able, the general feeling being that if it does not. come at once it will only be postponing the evil day to a less opportune moment for the fulfilment of what most people in business here desire. It is impossible to describe our market as, under the circumstances, it is in a decidedly mixed state, there being no uniformity in the sales which are made, everything depending on the different con- ditions under which the goods were bought and financed against. At present, for instance, many re-sales are being made under the equivalent of the tael price they were purchased at, owing to the more favourable exchange obtainable to-day. This naturally has a weakening effect on the market and consequently prices have a declining tendency at auction. On the other hand it has Persian-The Market in firm at $000 for good been possible in a few instances to put some indent business through. The stringency that has lately
Less Exports to Shanghai Less Exports to East and West Coast Ports including Local Consumption for the fortnight..
-
1,851 1,745 879 2,312
-
908
156
122 708 261 $06
Estimated Stocks this day 1,729 731 462 2,008
Bengal. The market is steady, and the Chinese are buying for their immediate requirements, so Stocks in their hands are moderate. We quote Patna and Benares at $1252),
Malwa.-'he market is quiet the demand being very small and only new drug.
New 2-3 years old 4-5
Oldest
bricks and cones.
$950
$900 $1,080 $1,070
[January 16, 1904.
come ever the Native money market is a most important factor, and is now exerting its full mead of influence, as to that may be attributed the falling off in clearances. This entirely due to the war scare, as the native bankers are calling in their loans and curtailing credit generally. The rise in the price of cotton in Liverpool at the close of the year was evidently owing to "shorts" squaring up. Quotations suffered a smart drop immediately afterwards, private advices making it as low as 6.75d. The public telegram yesterday advised it as 7.02d, but to-day we hear. private wires are in making it 7.22d. While speculators continue. to play such havock with the market it will be impossible to carry on legitimate busi- ness. One of our leading firms received a telegram this morning from their Manchester friends saying (Mr. Henry Neill's final estimate of the crop is 11,225,000 bales, which is a million and a quarter bales over the official estimate. Evidently not much faith is put in this in Man- chester, where the market is steady at the advance. The export of plain cotton last month to Hongkong and China was 32,000,000 yards, which makes the total for the year about 884,000,000 yards. The advices from the States are as strong as ever, the home consumption there exceeding the production, consequently quotations can only be purely nominal for export goods, but operators" here are scarcely likely to pay on the basis 11s. 84d. for 3-yard sheetings as they are now quoted. Rather less business has been done in Indian yarns as few sellers are willing to accept lower, prices even with the improvement in the exchange. The Bombay market is firm, and the Greaves Cotton Company's mills have decided to close: entirely for a month, while others are working short time.
HONGKONG QUOTATIONS. HONGKONG, 15th January,
Beans Borax
Camphor (China).
(Formosa)
Cassia (First quality)
1
(Second }
Oil
29
Cloves
Fennel Seed Oil Galangle Garlic
Glue....
Grapes. Ivory Kismiss Olibanum Rosa Oil Saltpetre Sandal wood
Oil
Senna Leaves.... Sugar Candy Vermilion
Wax
37
{.../...
$31 $17) @ 181 .$96
$23 @ 24 $15 @ 154
$165 @ 170 $12 @ 39 $313 @ 321 $2 @ 5
327
$19} $200 675 .$15 20
.$5 25
$60 @ 180 $10 @ 10
$27! @ 30
$350 @@ 400
$1 @ 7
$101 @ 104
$86 @ 89
$43 @ 50
MISCELLANEOUS EXPORTS HANKOW, 6th January. The prices quoted are for the net shipping weight excluding cost of packing for export
Per picul. Cowhides, best selected (Winter cargo) Tls 35.00
Do. seconds
29:50 23.00
#
D
Buffalo hides, best selected Goatskins, untanned (chiefly white colour), 65.00 Buffalo Horns (average 3lbs. each) White China Grass (Wuchang and/or
Poochi) White China Grass (Sinshan and/or
Chayu)
Green China Grass (Szechuen) Jute
D
10.60
12.00
11.45
**
11.50
5/0
DJ
11.50
"
*19
*** *3
11.20 ...9.50 .14.50
11.25
19.50
•
12
21.00
"
1'8.00
20.00
3.60
4.20
"
7.90
"
7.90
#
8.10
9.00
White Vegetable Tallow (Kinchow) White Vegetablo Tallow (Pingohew
and/or Macheng) White Vegetable Tallow (Mongyu) Green Vegetable Tallow (Kiyu) .......................'.... Animal Tallow Gallnuts (nsual shape)
Do. (Plum) do. Tobacco, Tin chow...................................................... Black Bristles Feathers (Grey and/or White Duck)
MARCAT
Turmeric Sesamum Seed Sesamum Seed Oil Vegetable Tallow Seed Oil Wood Oil, Tea Oil
Per M. M. Steamer Salaris, sailed on 2 th lec. For Marseilles-198 bales raw silk. 6 bales wa te silk, 5 cases silks, 30 bales hair, 33 cases sundries, 18 cases ilangilang. For Lyons:-25 bales raw silk. For London:-25 bales waste silk.