210
market is the final breakdown of the
"bull element, and will place trade in a healthier condi- tion. No business has been done either in Indian or Chinese descriptions. Estimated unsold stock about 2,000 Indian and 200 Chinese. Quotations are $27 to $30 Indian, $29 to $31) Chinese.
Exchange, in sympathy with silver, after some fluctuations closes to-day on Bombay T/T at Rs. 137) and at Rs. 137 for Post. On Shanghai 71 and on Yokohama 914.
The undernoted business in imported and local spinning is reported from Shanghai during the fortnight ended the 26th ultimo, viz.—
Indian:With the prospect of an uninterrupted trade, native dealers were very eager to operate and so soon as the holidays were over, purchased 8,000 bales paying one Tael higher for Nos. 10s and 12s and Taels one and a half for No. 2`s. No. 168. remaining unchanged. Estimated unsold stock about 40,000 bales, market closing firm.
Japanese-In the absence of any brisk enquiry prices have receded half to one Tael. No-16s, sell- ing at Tis. 851 to 881 and No. 20s at Tis, 91į to 95, total business not exceeding 1,400 Hales. Close weak.
Local: Nothing doing.
MISCELLANEOUS IMPORTS.
THE HONGKONG WEEKLY PRESS AND
|
*
Blue Man at Tls, 2.421, and of the latter 1,250 pieces each of 64 Reed Bat and Pench at Tls. 2.721. Blue Stag and Blue 2 Stag at Tls. 3:15. This, however, does not comprise the entire business, furtherpa rticulars being withheld.
A sale of 1,750 pieces 7 lb. Shirtings at Tls. 1.85 for Steamboat is mentioned, and a few 12 lb. 36 inch have found buyers, but the total is unimportant, At the auctions, prices were somewhat irregular for Grey goods, but Whites were decidedly firmer. Fast Black Cotton Italians went lower all round. In Fancy Goods a further 50 cases Turkey Reds have heen taken, chiefly 31 and 4 lbs. but prices have not transpired. A few Prints were tried at Auc- tion, but there was a very poor demand for them Woollens have done better and are really the only goods that are giving any satisfaction at present..
HONGKONG QUOTATIONS. HONGKONG, 11th March,
Beans
Borax
Camphor (China).............
11
Cassin (First quality)
(Formosa).
(Second
Oil
21
Cloves
Fennel Seed Oil Galangle
Garlic
Glue...
Grapes
Ivory. Kismiss Olibanum Rosa Oil Saltpetre. Sandal wood
$3.70
$171
$115
821
}
.$14
$126 (a 162) .$40
.$162 (a 170
.$6
$-
$26
$17
.$200 @ 700
$14
$26
..$185
$10.65.
.828
Oil
$1400
.84
.$10
$85
$494
Senna Leaves... Sugar Candy Vermilion Was
MISCELLANEOUS EXPORTS.
HANKOW, 24th February. - The prices quoted are for the net shipping weight excluding cost of packing for export
Per picul. Cowhides, best selected (Winter cargo) Tls. 33.00
I} ›. seconds
Buffalo hides, best selected Goatskins, untanned (chiefly white colour),, Buffalo Horns (average 3s. each). White China Grass (Wuchang and/or
Panchi)
White China Grass (Sinshan aud'or
Chayn)
Green China Grass (Szechuen) Jute
White Vegetable Tallow (Kinchow) White Vegetable Tallow (Pingcliew
and/or Macheng)
Messrs. Noel, Murray & Co. in their Piece Gonds Trade Report, dated 3rd March, State : -Our. market during the interval has been absolutely lifeless, the majority of the dealers, apparently, not having resumed business as yet, even if they have returned from their holidays. The abnor- mally early departure of the Tientsin steamers has been of little avail, most of them not being able to get into the river, and anyhow the market was evidently not prepared to received the cargo, no information concerning sales having as yet come to hand. There is a great feeling of un- certainty prevailing at present as to the future, not altogether surprising considering the very serious political upheaval that has taken place, and the return of confidence is delayed chiefly by the stringency in the money market and the curtail. ment of credit. From the few small transactions that have gone through it appears that the course followed for some time to come will be, as inen- tioned last week, merely a hand to mouth business, the dealers being scared to buy a bale beyond their actual orders in hand, and this has been borne out during the week by men who formerly would not think of buying less than fifty or a hundred bales putting little lots of 3 and 5 bales into the book. We learn that yesterday there was some enquiry from the Tientsin men as to the available stocks here, and about the pre-s wanted; but so far it has only led to a few lo offers being made to second hand holders of Ameri- can goods without inducing them to part. It is feared, however, that they are not very strongly held in some quarters and sales may be induced that will break the market. Clearances for the river markets are fairly well kept up in certain classes of Manchester makes, though this is not the experience of all holders. From what we can gather the dealers are expecting a hotter enquiry in two or three weeks time, but that
remains to be seen, it cannot be much worse! There is no particular change in the political situation, the most important feature being the very sagacious and business like Treaty that Japan has arranged with Corea, practically giving her free access and control of the Hermit Kingdom. The only question that is causing anxiety now is the ability of keeping China neutral; if this is done there is no reason why trade should be interrupted to any serious extent, except of course with New 'chwang. There may be a few exports from there, but as the Port is now absolutely in the hands of the Russians there will be no import trade; so the prospect there was of stocks here being insufficient to meet requirements by the end of June is not likely to be fulfilled. The latest news from Man- chester advises a strong market in sympathy with Cotton, which has risen to 8.10d for mid American and 9d. for Egyptian. Prices are too high for this market, fully 10%. The monthly export figures are not yet in. Business with the States is quite hopeless, and the looms for coarse cloths are being adapted for makes for home consumption, or else shut down. Shipments to China up to the ¦ ON 18th January amounted to 1,293 packages. Piece Goods.-The Auctions have practically held sway this week, for the business privately has been conspicuous by its absence. There is a fair de- mand for the River markets, and latterly, some enquiry for Chefoo and Tsingtan has been met with, but entirely for English goods. The public sales have no doubt benefited by this, for business proposals to private holders have been few and far What has been done was chiefly in common 8.4-lb. Shirtings and White Shirtings. Of the former we hear of the sale of 3,000 pieces
between
White Vegetable Tallow (Mongyu} Green Vegetable Tallow (Kiyu) Animal Tallow Gallnuts (usual shape)
Do. (Plum) do. Tobacco Tin-chow Black Bristles Feathers (Grey and/or White Duck) Turmeric
Sesamum Seed Sesamum Seed Oil Vegetable Tallow Seed Oil Wood Oil, Tea Oil
1
#
T
11
ני
29.00
22.00 59.00 10.50
ON YOKOHAMA
ON demand ON MANILA.-
ON
On demand SINGAPORE, Or demand
Ox BATAVIA.-
On demand...... ON HAIPHONG.
On demand ON SAIDON.—
On demand
ON BANGKOK.--
...
[March 12, 1904.
On demand SOVEREIGNS, Bank's Buying Rate GOLD LEAF, 100 fine, per
tael BAR SER, per oz,
SHARE REPORT.
...911
nominal
1114
.1ệp.©p.m.
11 pc p.m.
62 $10.75
58.50 2675
HONGKONG 11th March, 1904.-With the exception of a large business in Indo Chinas, and a fair one in Sugars we have but little to report. General business continu-s dull and
rates have ruled weak.
BANKS. Hongko g and Shanghais, after small sales at 610 declined to 605 nominal, with no buyers over that rate; with no sellers how- ever the rate must still he considered more or less nominal. The London rate continues unchanged at £59. Nationals are still enquir- ed for at $34 without basiness.
MARINE INSURANCES. —Unions have declin- ed to $480. China Traders remain unchanged at $55 after small sales at that rate. Cantons have changed hands at $175 and remain on offer at that rate. In the Northern Insurance Co's. we have nothing to report.
FIRE INSURANCES.-Hongkongs have found buyers at 828) ex div. of $22 paid on 7th inst., while Chiuas are on offer at 593 ex div. of $7 paid to-day.
SHIPPING. Hongkong, Canton and Macaos have been placed at $27, sellers ruling the market at time of writing at that rato. Indo- Chinas, after sales at $844, quickly rose to $91, with ales at intermediate rates for cash and at about equivalent rates forward, chiefly for Jane July and August, The rates were fairly well maintained until yesterday, when a weakness was apparent, and has since become accentuated, the market cləsing at $88. cash sellers, and at 11.60 comparatively lower rates forward. Shelt 11.70 Transports, after sa es at 18,6 and 18/9 clase 5. U firmer, with buyers at 19,- Old Star Ferries are 11.10 euquired for at 830. Douglas's remain unchanged and without business. China and Manilas have 1140 been placed at $20 and close with sellers at 9.00 that rate. This Company's report which was
12.00
12.50 10.00 19.00 21.00
118.00
"
19.00
"
"
3.50
4.20
+1
7.90
7.90
8.00 8.50
EXCHANGE.
FRIDAY, 11th March.
..1/101
.1;103
1
ON LONDON.-
Telegraphic Transfer Bank Bills, on demand Bank Bills, at 30 days' sight 1/101 Bank Bills, at 4 months' sight
...1/107 Credits, at 4 months' sight
1/10 Documentary Bills, 4 months' sight 1/10} ON PARIS.---
Bank Bills, on demand GERMANY.—
447
232
Credits 4 months' sight On demand
937 ..1894
ON NEW YORK,-
Bank Bills, on demand
Credits, 60 days' sight
.451
ON
BOMBAY.-Telegraphic Transfer
137)
Bank, on demand
1371
On
Calcutta. Telegraphic Transfer137
Bank, on demand
1371
ON
SHANGHAL-Bank, at sight
.71
Private, 30 days' sight
.714
published to-day shows a balance at the debit of working account of $63,123.66, against a debit balance of $14,35481 brought forward
from last year. The profit and loss account is oredited with the profit ($142.748.40) on the book value of the s.s. · Diamante” which has been sold, and also with $31,223.36 transferred from underworking account.
REFINERIES-China Sugars have been the medium of a fair business at $107. $108 and $109 cash, and equivalent rates on time, the market closing firm at the latter rate. Lnzous are unchanged at $10 sellers.
MINING. A few Raubs bave changed hands at S7 and $74 and more shares are obtainable at the lower quotation.
DOCKS, WHARVES AND
DOWNS.-Hong-
kong and Whampoa Docks have sold at $205 and more shares are on offer at this late, Hongkong and Kowloon Whorvos are weak at $92) ex the final dividend of $24 per share for 1:03 paid to-day. New Amog Docks con- ticue on offer at $374. Farnhams are quoted at Tls. 144.
LANDS. HOTELS, AND FUILDINGS.-Hong- kong Lands have been placed at $148 at which rate more sha eg are procurable. Kowloon Lands, aud West Points continue on offer at quotations. Hongkong Hotels have dropped to $143 sellers. Humphrey's Estates have sold and continue in request at 81o), Shanghai. Lands are steady in the North at Tis 19.
COTTO MII Ls. No business is reported under this head.
MISCELLANEOUS,-
can be placed at $24.
Green Island Cements China Borneos are firm
*