0
462
COMMERCIAL.
SILK.
Canton, 4th June, 1904. Second crop.-At present it is impossible to ascertain any exact cipher for 2nd crop export. But from reliable information, we may conclude it will be under
88
that of last year. The quality is reported to be not much better than 1st crop. Filatures.- Through ut the fortnight a dull and depressed tone has characterized our market, which has been affected by the expectation of good crop in Italy and Japan. The feature of the market is the scarcity of 10/12 and 11/13 in Native Silk, and the comparatively exorbitant prices of those sizes. The stock now on offer is very small, and the subjoined quotations must be taken nominal. Business has been done latterly in 1st crop silk on the basis of $725 for Chee Chung Wo 16/18, $80 for Soey Wo Cheong 11/13-13/15-14/18, $665 for Yu Ye Lun 20/24, and $835 for Wang Hing 14 18. Short-reels.-The American trade remains lifeless, both for Shortreels and Rereels. Waste Filk.-Last season's supply is quite ex- hausted. A few contracts have been placed in 2nd and 3rd crop Waste; but holders in general are unwilling to engage ahead to any extent.
SUGAR.
THE HONGKONG WEEKLY PRESS AND
COAL.
The arrivals of coal up to date at Hongkong have been 36,300 tons of Japanese coal, all sold; and 19,500 tons of Japanese and 3,000 tons of Weesh coal are expected to arrive shortly.
COTTON.
HONGKONG, 17th June:-Nothing doing; market quiet. Sales about 2,000 bales.
Bombay.....
Bengal (New), Rangoon
and Dacca.... Shanghai and Japanese, Tungchow and Ningpo,
YARN.
28.00 to 29.50 picul 27.00 to 32.00 30.50 to 31.50 30.50 to 31.50
"+
Mr. Eduljee in bis report, dated Hongkong, June 16th, says:--The fluctuations in the Bombay market, during the past fortnight, have not at all been reflected here. On the contrary, our market has been controlled purely by local con- ditions, and it is now impossible to do business unless at a reduction on last quotations. Stocks are by no means excessive, but, contrary to expectations, the feeling amongst importers is not strong, and dealers appear to have gained the upper hand of the situation and are forcing the hands of holders, In revising our quotations
HONGKONG, 17th June. The upward tendency an all-round decline of about $2 has to be reported; continues, market being firm. Shekloorg, No. 1, White.. $8.60 to $8.65 pels.
2. White.. 7.70 to 7.75 6.00 to 6.05
Do.
Bwatow,
#
"
Do.
25
1, Brown,
*
Do.
2. Brown...... 5.85 to
5.90
*
No. 1, White...... 8.50 to
8.55
#
Do.
2. White...... 7.60 to
7.85
*
Do.
1. Brown....
5.85 to
6.90
13
#1
Do.
"
2. Brown...... 5.65 to 5.70 12.75 to 12.80
31
10.85 to 10.95
RICE.
Foochow Sugar Candy
Shekloong
"
Hongkong, 17th June. The prices are advanc- ing, holders being firm.
Saigon, Ordinary
"
Round, good quality Long
Siam, Field mill cleaned, No. 2
"
Garden,
No. 1
J1
White,
01
Fine Cargo ......
OPIUMS.
$2.70 to $2.75
8.90 to 3.95
4.00 to 4.05
2.95 to 3.00
3.25 to 3.30
4.10 to 4.15 4.25 to 4.30
15th June.
Quotations are:-Allowance net to 1 catty.
Persian fine quality....$880
Malwa New
$1020
Malwa Old
$1080
Malwa Older
.$1170
Malwa V. Old
.$1230
-
to $1080
per picul. to $1120 do. to 81210 do. to $1250 do. to
Persian extra fine
$900 to
Patna New
Patna Old
Benares New
Benares Old
$1195 to .*1220 to $1130 to .$1150 to
do.
do.
do.
do. do. per chest.
HONGKONG, 18th June. We beg to continue our advices of the 2nd June, since when the movements in our various Opium markets have been as follows:-
Malwa, Patna, Benares, Persian.
..1,369 2,241 1,515 2,538 300 150 140
Stocks as par circular of
2nd June, 1904. June 2nd Imports per Ballaarat 140
6th
*
"
14th
"
"
Lại sang C. Apear
Less Exports to Shanghai Les Exporta to East and“ West Coast Ports including: Local Consumption for the fortnight..
Estimated Stocks this day
75
25
75
--
1,510 2,001 1,090 1,67
32 25J 125
121 009
189 118
1,357 1,832 1,376 2,560
Bengal. The mrrket has declined materially since last principally owing to heavier stocks than we have been accustomed to for some time past. We quote New Patna at $11.90 and, New Benares at $11,25, Old Patna at $12.20 and Old Benares at $11.5).
Halwa.-The heavy decline in Lengal has af- fected this description also. The demand has been very small and prices are lower.
Wo quote:- New
%
years old
3
"
22
$1,020/1,040
$1,080/1,080 $1,100/1,120 45
$1,200 Oldest
$1,250 Persian.—▲ very small business is doing, prices are $850/880.
even these prices are difficult to obtain, and in the near future a lower range of values is generally expected. Business, consequently, has not been large; sales aggregating only 5,142 bales No. 108 and 208 showing a decline of $1 to $3 per bale, whilst No. 10s have suffered lesa. The market closes quiet.
|
|
on
As a significant comment the present unwarranted weak position of our market it is only necessary to mention that so less than 60,000 bales-September/October delivery-have been contracted for in Bombay during the last three or four weeks for Hongkong and Shanghai account at prices which show an excess of $4 to $7 per bale on ruling quotations.
Local Manufacture:-Quiet throughout and nothing doing.
Japanese Yarn:-Business checked by higher prices ruling in Japan.
Raw Cotton:-The market has been featureless and another blank fortnight has been experienced both in Indian and China staples: estimated unsold stock about 1,500 bales Bengal and 200 bales Ningpo Quotations are $28 to $32 Bengal, and $31 to $33 China.
Exchange on India has continued steady and closes to-day at Rs. 135 for T/T and Rs. 136 for Post. On Shanghai 713 and on Japan 894.
The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 4th instant, viz:—
Indian:With a feeble enquiry from the North and the unwillingness of dealers to operate, settlements has been meagre, say about 2,000 bales, but holders are firm and the markes closes Estimated unsold stock about 20,000 steady. bales.
Japanese:-Market steady and prices unaltered, but signs of weakness are observable at the close.
Local:-Goods under old contracts have almost run out and settlements to be tune of about 8,000 bales have been reported on the basis of Tls. 881 for No. 108, Tls. 90 to 914 for No. 148, and Tls. 93 to 95 for No. 16s, market closing strong.
[June 18, 1904.
less makers in both producing centres are coming down in their ideas of prices and are actually asking for counter offers, but with the additional unknown quantity, namely, the course of Exchange, operators here are inclined to act with extreme caution. Of the two markets New York appears to be the easier, and more anxious for business than Manchester, but there is considerable
For
the
irregularity with the latter, for, whereas prices as a rule are fully five per cent. over this market, standard White Shirtings of some makers are within three pence per piece of the prices ruling last September.
time of the year trade with the River Porta and Ningpo is pretty fair, but with the Northern marketa it is disappointing. It is still encouraging to hear that although the trade is not so extensive in Tientsin it is being done now on a strictly reformed basis instead of the former long credit system. Stocks in the country must be getting very low, which should assist our still fairly heavy stock of American Sheetings. The shipments of all kinds of American Cotton to China thin year up to the 18th April amounted to 22,805 packages, against 89,854 packages last year to the same date. According to private advices the shipments from England of Plain Cottons to China and Hongkong for May only amounted to 15,000,000 yards. The fall in Cotton seems to bave affected the Yarn market to some extent and lower offers are being made for both imported and Local Spinning. Native Cotton is easier and weak. Coreau Imports. As promised last week we give a comparative table of the chief imports of Foreign Cotton and Woollen Piece Goods and yarn into the Hermit Kingdom for the years 1898 to 1908 with the value in Yen. The trade of the country is increasing by leaps and bounds, as the following figures show :—
1893
MISCELLANEOUS IMPORTS. Messrs. Noël Murray & Co., in their report on the Shanghai Piece Goods trade dated the 9th June, say-There has been quite a lull in the War news since we last wrote, and nothing else has occurred to disturb the serenity of our market. The downward course of Cotton is naturally ex- citing great interest, and the dealers are looking for substantial concessions in price in consequence, being, or professing to be, quite oblivious of the fact that the home market for goods never reached the same level and therefore cannot be expected to decline in proportion. The price of the raw staples has dropped two-fifths of a penny since our last, to 6.50d. for Mid-American and 7d. for Egyptian. Such a sudden fall certainly looks ominous, and as nothing of a definita nature, excepting the acreage sown, can possibly be known yet, this sudden decline is put down as the work of the bulls, and we shall soon see an important upward movement again. The short- ness of the present crop is certainly assured, and it is equally evident that there will be next to no stock to carry over, so there is bound to be a pinch before picking commences. Neverthe-
Foreign Imports.................
Exports........ Treasure from Foreign
Countries Treasure from Foreign
Countries.
Yen.
1903
-3,905,428 18,410,711 .1,698,116 9,477,603
505,684 1,086,668 1,942,356 6,526.157
HONGKONG QUOTATIONS.
HONGKONG, 17th June.
Beans
Borax
$4
$15 @ 17
Camphor (China)..
(Formosa)..
$100
Cassia (First quality)
..$22
(Second
$15
•
Oil
$155
1071
21
Cloves
$25
54
Fennel Seed Oil
$330
Galangle
.$26
.$15 @ 16
Garlic Glue Grapes Ivory Kismiss Olibanum Rosa Oil Saltpetre Sandal wood
>
Oil
Senna Leaves... Sugar Candy Vermilion
WBI.
$300 ( 700
.$9 @ 12
$7 @ 20
.$70 @ 175
.$11
.$25 @ 32
$3 @ 6
$300 @ 400
.$10 @ 13
.$801
.$35 @ 38
MISCELLANEOUS EXPORTS.
CaseR
Per steamer Sachsen, sailed on 9th June. For For Colombo :-62 Penang:-10 boxes cassia. rolla matting. For Aden-750 bags sugar, 10 boxes cassia. For Venice :-100 boxes cassia. For Genos:-100 boxes cassia, 70 bales raw silk, 1 For case ginger, 1 case camphorwood trunks. Antwerp -125 bales split bamboo, 30 bales fea- thers. For Antwerp or Hamburg-7 bristles. For Amsterdam:-292 rolla matting. For Amsterdam or Rotterdam :-6 cases sundries, 5 cases black woodware, For Rotterdam :—250 bores cassia, 48 bales canes, 40 rolls mats, 1 bale leaf tobacco. For Bremen-218 rolls mats. For Bremen or Hamburg:-67 bales feathers, For Hamburg :-200 boxes cassia, 93 rolls mats, 4 cases paper, 8 cases feathers, 1 case furniture. For Copenhagen-8 cases curios.
Per steamer Teenkai, sailed on 10th June. For Liverpool : -200 bales hemp, 35 packages sundries, 18 cases ginger. For Marseilles 120 bales human hair, 100 packages tea, 400 cases cassia, 168 cases aniseed. For Barcelona :-6 bales hides. For Marseilles or Barcelona :-10 cases aniseed. For Marseilles or Harve:-200 cases aniseed, 250 cases caasia.