846
no
Post
in Peking will be a tael in Hankow, Shanghai or Canton, and its sub-divisions will be current ten- der in hamlet and hotel wherever one may go. The endless annoyances, at present so troublesome, will have vanished, and, so far as money matters are concerned, travel in China need offer further drawback than travel in England or the United States. That this will tend to a great increase in personal intercourse in certain. Office Orders will be available through all the growing ramifications of the Imperial Postal System, another unifying influence, and thus faci. lities for the purchase of goods or transference of personal requisites in the form of currency will be far in advance of what they ever have been. It will necessarily be some time before all this can come to pass. China is even more weeded to folo custom" than England, and we have not yet decimalised our currency, notwithstanding the fact that for at least two generations we have been repeatedly urged to do so. But the promise of reform in this important matter coupled with the reference of Sir Robert Hart's proposals to the Viceroys for consideration is sufficient to give ground for the assumption that the long hoped for advance of China is now to begin." When this eventuates it is hoped that all the disabilities con- nected with the present system of Native Banking will disappear, and such things as the recently established, extra squeeze on Bank Orders, whereby a day's interest is lost to the seller. Introduced as it was at a time when great stringency prevailed a lame excuse was made by the Bankers' Guild on those grounds; but why it should be continued now money is so cheap reflects very seriously on the honesty of purpose of those con- cerned; or do the younger generation of Bankers wish to forfeit the high reputation gained by their predecessors for their undoubted integrity! Ex- porters are expected to pay cash for their pur- chases of Tea and Silk, etc., so why should not the buyers of articles of import be obliged to do the same? The system of five and ten days orders should be abolished altogether. From the tone of recent telegraphic advices from Manchester there certainly seems more disposition there to do business, but although quotations are about three pence lower they are still much above the ideas of buyers here. Cotton is reported weaker, the latest quotation for Mid. American being 7.62d. and Egyptain 9åd. The decline in the former in face of the adverse advices from the States is puzzling, for there seems to be no doubt about it that a large proportion of the Cotton recently going for- ward, although swelling the Crop figures, was totally unfit for spinning purposes, and prices were fully expected to advance to 18 cents for July. From Messrs. W. H. Nott & Co.'s tables nor February it is possible to form some idea of
the supplies that have already arrived here, but fot yet declared by the Customs; they are as ofllows-Grey goods 9,061,200 yards, Bleached goods 7,747,000 yards, Dyed goods 5,742,000 yards, and Printed goods 1,762,500. Of the shipments from the States to the 7th March, amounting to 16,203 packages against 66,062 packages last year, the bulk must have already arrived. We have not heard of any further purchases in that market. The demand for Yarns continues quiet, but the market is steady to firm generally. The local mills are now commencing to make for stock and contemplate shutting down two days a week, as the cost of production is so much above prices now current. Raw Cotten is slightly
Armer.
MISCELLANEOUS EXPORTS.
THE HONGKONG WEEKLY PRESS AND
White Vegetable Tallow (Pingchew
and/or Macheng)
White Vegetable Tallow (Mongyu) Green Vegetable Tallow (Kiyu) Animal Tallow Gallnuts (usual shape)
Do. (Plum) do. Tobacco, Tingchow Black Bristles
Feathers (Grey and/or White Duck)
Wild Duck Turmeric
多想
**
Sesamum Seed Sezamum Seed Oil Vegetable Tallow Seed Oil Wood Oil, Tea Oil
Closing quotations are as follows :—
(May 2, 1994.
10.60
*
COMPANY.
PAID UP.
QUOTATIONS.
**
11.30 9.60
Banks-
25
Hongkong & S'hai...
$125
($655, sellers (L'don, £64.
19.00
Natl. Bank of China
23.00
A. Shares
B. Shares
120.00
Foun. Shares......
19.75
19
Insurance
21.75
"
Union
3.50
China Traders
4.60
K
North China..
7.90
*
7.90
Yangtsze......
1
Canton...
7.90
"
9.00
"
SHARE REPORT. HONGKONG, 9th April, 1904.-The market has continued active during the week under review, and a fair general business has resulted stantially improved, notably Dooks, Sugars, both for cash and time. Many rates have sub- Lands, and Unions. The market closes steady with an upward tendency.
BANKS.-Hongkong and Shangbais have ruled quiet with only a few small sales at $657 to report, and close with sellors at 8655. Nationals changed hands early in the week at $36 and shares are now wanted at $38.
MARINE INSURANCES.—Unions have still further improved to $535 after small sales at $525, and close with bayers at the former rate. China Traders have found buyers at 800 and shares could row be placed at $59. Cantons have improved to $190 with small sales at that rate. North Chinas and Yangtszes remain unchanged and witl out any local business.
FIRE INSURANCES.-Hongkongs bave been placed in a small way at $290 and $295, and Chinas at $831, the former stocks closing steady at quotation, and the latter at $83; we under. stand that tha local insurance companies were but slightly affected by the fire at the Kowloon Godown last night, the chief loss from which will fall on the marine risks, the fire having taken place in the sorting godown on goods recently lauded.
SHIPPING. Hongkong, Canton and Macaos in the early part of the week ruled firm and a fair cash business was transacted at $29; at time small sellers at $29. Indo-Chinas have receded of writing the market is somewhat weaker with
to $94 after sale at $95, cash shares, however, are in demand at the former rate; on time sales
have been effected at $95 for May, $98 for August, 899 for September, and at $102 and $101 for December; market closes very firm at $94 for cash. Douglases remain at $36 but with sellers. Star Ferries (old) have been placed at $32 and at $21 for new shares. China Manilas continue quiet without business at $214. Shell Transports remain uncbanged at 22/6d.
Hongkong Fire
China Fire Steamship Coys.-
H., Canton and M... Indo-China S. N. China and Manila... Douglas Steamship Star Ferry.......... Shell Transport and
Trading Co...... Do. pref. shares....... Refineries-
China Sugar Luzon Sugar.. Mining-
Punjom
Do. Preference. Charbonnages Raubs
Docks, Etc.-
28 $38, buyers £8 $38, sales & buyers 21 $10.
$100 $635, buyers $25 $60, sellers
25 Tls. 674, sollers $60 $123, ex div., $50 $190, buyers $50 $295, buyers $20 $83. sellers
$15 $29, sales & sellers 210 $94, buyers $50 $214, sellers $50 (886), sellers $10 $32, buyers $5 $21, buyers 21 22/6 £10 £8.
$100 $128, buyers $100 $10, sellers
$11 76 cta., sellers
$125 cents
Fca. 250 $500.
18/10d. $6, zellars
H. & W. Dock H. & K. Wharf & G. New Amoy Dock S. C. F. Boyd & Co.... Tls. Land and Building—
Hongkong Land Inv. Kowloon Land & B. WestPoint Building Hongkong Hotel Humphreys Estate.
$50 $213, buyers $50 $100, buyers 861 $32, sellers 100 |Tlɛ, 145.
$100 $151, buyers
$30 $35.
$50 $52, buyers $50 $138, buyers $10 $11.
$2 $2.80, buyera
S'hai Land Ins. Co., Ld. Tls. 50 Tl. 103. Cotton Mills-
Ewo
- International
Laou Kung Mow Soychee Hongkong
China-Borneo Co., Ld. Watson & Co., A. S....
Green Island Cement.
Hongkong Electric { Hongkong & C. Gas.... Hongkong Rope...... Fenwick & Co., Geo. Hongkong Ice.
H. H. L. Tramways...
Hk. Steam Water-
Boat Co., Ld. Dairy Farm Campbell, Moore & Co., Bell's Asbestos E. A.... United Asbestos
Do.....
REFINERIES-China Sugars have further advanced to $138 cash after sales at $139 und $135, closing with further buyers at $138. On time a fair business has been doue at $141į for May, $146 for September, and $150 for Decem. ber. Luzons remain unchanged and without Tebrau Planting Co.
business.
MINING. We have no business or change of rates to report under this heading.
Per P. & O. steamer Bengal, sailed on 23rd DOCKS, WHARVES, AND GODOWNS.-Hong. April. For Manchester:-224 bales waste silk. kong and Whampoa Docks, continuing in de. For London or Manchester :-150 bales waste mand, the rate gradually rose to $213 cash, silk. For Marseilles: 463 bales raw silk, 50
the market closing firm at that rate. On time bales waste silk. For Milan:-10 bales raw silk. For St. Chamond ---19 bales raw silk. For Lon- sales have been effected at $216 and $217 for June, and at $221 for August. Kowloon don-107 half-chests tea from Foochow, 55 bales Wharves continue in request at $10 with small raw silk, 4 cases silks, 1 case cigars, 1 case cam- phorwood boxes, 1 case furniture. For Basle sales. New Amoy Docks are on offer at $32 bales waste silk.
without finding bayers. Farnhams remain silk, 9 bales waste silk.
quiet at Tls. 145.
For Lyons-415 bales raw
HANKOW, 20th April. The prices quoted are for the net shipping weight excluding cost of packing for export :-
Cowhides, best selected
Do. seconds
Per pioni.
Tls. 34.50 29.50 21.00
"1
Buffalo hides, best selected Goatskins,untanned (chiefly white colour),, Buffalo Horns (average 31bs. each)
White China Grass (Wuchang and/or
Poochi)
32
White China Grass (Sinshan and/or
Chayu)
"
Green China Grass (Szechuen)
13
Jute
White Vegetable Tallow (Kinchow)
21
www
LANDS, HOTELS, AND BUILDINGS.-Hong- kong Lands have improved to $151 without bringing any shares on the market. West Points are enquired for at $524, but no business is re- ported. Hotels have improved to $138 with buyers, but no shares are obtainable. Ham. phreys have been placed at $104 and $11.
MISCELLANEOUS, Green Islands are en. 58.00 10.00 quired for at $23, but none are obtainable at that rate. China Borneos have improved to 88, Watsons to $144, Gas to 150, and Dairy Farms to $18 al closing with buyers. Ices have 10.00❘ been done at $210, and more shares are wanted 11.00 at the rate. China Providents have ruled 4.90 firmer with sales at $9, and Watkins are wanted 10.80 at the advanced rate of $71.
10.70
China Prov. L. & M. Watkins Ld., China Light & Power
Co., Lď. Powell, Ld... Shanghai and Hong- kong Dyeing and Cleaning Co., Ld. Canton, Hongkong Ice
Cigar Companies ite
Alhambra Limited. Phippine Tobacco
Trust Co., Ld. }
Tls. 50 Tls. 33, sellers Tls. 75 Tls, 25.
Tls. 100 Tls 821. Tls. 500 Tls. 170.
$10 $14), sellers $10 $23, buyers $12 $84, buyers $10 $144, buyers $10 $13, buyers $5 $7, buyers 210 $160, buyera
$50
$140, sellers $25 $47), buyers $25 $210,sales& sellers $100 $300.
$10 $151, sales
$6 $134, buyers $10 $37, sellera 12/6 $5, sellers
$4 $91, buyers $10 $210, buyers
$5 $1, sellers $10 $9, sales $10 $74, buyers $10 $5.
$10 $99, buyers
$50 $50.
$10 $10, nominal
$500 $200.
$10 $10, buyers
VERNON & SMYTH, Brokers.
Messrs. J. P. Bisset & Co., in their Share Report dated Shanghai 21th April, state-Business" has been quiet during the week, and the Stock in which the principal interest has been displayed has been Indos, which show a marked rise. Although transactions are quoted in the other principal stocks, the volume of business has been small. H. & S. Banks. No business reported. There are The T/T rate on London is quoted 2/5. Banks.- buyers at $660. The latest Londo quotation
is £63 58. Marine Insurance.---Unions have been placed at $608, and North-Chinas at Tls. 874// Fire Insurance. No business reported. There are buyers of Hongkongs in the South at $287| and sellers of Chinas at $83. Shipping.--Indos.---