482
COMMERCIAL.
SILK.
THE HONGKONG WEEKLY PRESS AND
Messrs. A. R. Burkill & Sons in their Silk Circular dated Shanghai, 11th June, 1904, state:The home markets are dull. Gold Kiling is quoted in London at 10.9. Raw Silk-Only a few bales of Tsatless have changed hand, but a fair amount of business has been transacted in Chicums and Green Kashing. The market in the country keeps firm and is Tls. 30 above ours. Hand Filature.-A small business has been done for the continent, but at present there is no 'demand for these from America. Yellow Silk-Nothing doing. Steam Filature. Nothing doing. Waste.- The home markets continue very depressed and as the dealers are asking high rates for new season wastes there is no chance of business resulting.firmation from other quarters. Samples of Curlies from best districts have been displayed and are about the same in colour and quality as usual; price asked is Tls. 10/15 above consumers ideas. Tussah Wastes is offering at 26-27 for 60/40 cargo. Gum Wastes are in small supply and find no buyers.
BUGAR.
Honarono, 24th June.-The prices are the same as when last reported. Shekloong, No. 1, White......$8.65 to $8.70 pels.
Do.
2, White... 7.70 to 775 6.00 to 6.05
Swatow.
11
"
"
Do.
#
1, Brown...
Do.
2, Brown...... 5.85 to
5.90
No. 1, White 8.50 to
8.55
Do.
19
2, White
..... 7.60 to
7.65
Do.
1, Brown
5.85 to
5.95
"1
Do.
29
2, Brown
5.65 to
5.70
1.
.12.75 to 12.80
10.85 to 10.90
RICE.
Foochow Sugar Candy
Shekloong
there is a certain amount of business going on, the report being that previous shipments have gone off very well and fresh orders have come down and are being executed. The quantity is variously stated, some saying it is only one thousand and others as much as five thousand the leading lines of steamer companies had bales. We may mention, however, that one of received no special application for tonnage up to this morning. Favourable reports concerning the crops in the north continue to come forward. As anticipated, immediately after our last report there was a reaction in the Liverpool cotton mar- ket and prices advanced at the close of the week, but lost part of it at the beginning of this- namely, froin 6.98d. for Mid-American to 6.64d. while Egyptian is up to 7. This morning a Man- chester telegram advises the market as weaker in sympathy with cotton, though this lacks con- However, some manufacturers must be in a better position to trade than others, for business has been put through in several lines of both Greys and Whites at what seems to be reasonable prices and for comparatively early delivery. The American market is anyhow! Makers have evidently been running into stock with 31 yard goods and want to sell hadly, but there is not so much pressure with the 3 yard and standard ma- kes. The shipments this year from New York to China to the 2nd May were only 23,168 packages against 96.357 packages last year. The market is weak for imported yarns and prices are down fully two taels from the top. One of the local mills sold a moderate quantity early in the interval, however, at about the prices ruling three weeks ago. Piece Goods.-Trade with the River does not show much improvement as yet, still deliveries in that direction might be worse and there seems every prospect of a better inquiry shortly, as the trade is sufficiently good to induce three new piece goods hongs to open there, and two have already been in this market.
Hongkong, 24th June.--No demands having The Ningpo dealers are still in the market and come forward the prices are declining. Saigon, Ordinary
Round, good quality Long
$2.65 to $2.70 3.85 to 3.90
3.95 to 4.00 ...... 2.90 to 2.95 No. 1 ..... 3.20 to 3.25
Siam, Field mill cleaned, No. %
4.10 to 4.15 .......................................................... 4.25 to 4.30
Garden,
White,
*
Fine Cargo
OPIUM.
25th June.
Quotations are:-Allowance net to 1 catty.
Persian fine quality....$850
to $1060 per picul. to $1120 do.
Malwa New
Malwa Old
$1020 $1080
Malwa Older
$1170
to $1210 do.
Malwa V. Old
.$1230
to $1250 do.
Persian extra fine .$880
Patna New
Patna Old
Benares Now
to to .$1225 to ..$1310 to $1190 to .$1210 to
do.
do.
do.
do.
dó.
Benares Old
satisfactory shipments of Grey Shirtings continue to be made thence. As mentioned above, some two thousand bales, chiefly American makes, have been taken from second hands for Newchwang and a few No. 10s Indian Yarn have also found buyers for that market. Clearances on the whole are fair for the time of the year. The dealers here are already looking forward to the trade for next year, and we understand several large orders for the late Autumn are now pending. Exchange has kept fairly steady, but is expected to decline before the end of the month when the half-yearly payments of the Indemnity money have to he remitted.
MISCELLANEOUS EXPORTS. HANKOW, 27th June. -The prices quoted are for the net shipping weight excluding cost of per chest. packing for export :—-
MISCELLANEOUS IMPORTS.
Shanghai, 16th June. Messrs. Noel, Murray & Co., in their Piece Goods Trade Report, state:-There is very little of general interest to report in our market this week, the near approach of the settling day no doubt exert- ing a deterring influence on buyers for prompt delivery. However, there are unmistakable evidences that so soon as the trying ordeal is over, there is likely to be some revival in the demand, in fact it is being already anticipated judging by the forward transactions, and also sales from stock for delivery rather beyond the customary term. The increased enquiry is very apparent, too, but the prices talked about by the dealers are not encouraging to those who are holding in the expectancy of an improvement when the de- mand sets in. The very shaky and uncertain position of the home markets do not inspire much hope of any further upward movement, and there is no question but that the holders of cheaply bought stocks must rule the situation, and the tendency with them is to sell. It is rather dis- concerting to them, after all the reports of the mills shutting down and curtailing their produc- tion, to find now willing and even eager sellers actually for this month's shipment, as is the case with some of the makers in the States. With the dealers in full possession of the slightest movement in the home markets, and basing their current business thereon, it is positively dangerous to hold stocks here now-a-days. The lull in the war news continues, though some startling reports are momentarily expected. The situation in Newchwang is still very uncertain, but apparently
Cowhides, best selected
Do. seconds
Buffalo hides, best selected
Goatskins, untanned (chiefly white colour) Buffalo Horns (average 3lbs. each) White China Grass (Wuchang and/or
Poochi)
White China Grass (Sinshan and/or
Chayu)
Green China Grass (Szechuen) Jute
White Vegetable Tallow (Kinchow) White Vegetable Tallow (Pingchew
and/or Macheng)
White Vegetable Tallow (Mongyn) Green Vegetable Tallow (Kiyu) Animal Tallow Gallnuts (usual shape)
Do. (Plum) do. Black Bristles Feathers (Grey and/or White Duck)
Wild Duck
•
+
Turmeric Sesamum Seed Sesamum Seed Oil Vegetable Tallow Seed Oil Wood Oil, Tea Oil
Per picul. Tls. 32.50
31
19
28.00 19.00
57.00 9.20
10.70
9.70
**
5.00
10.00
1
"
15
"
June 27, 1904
Per steamer Agamemnon, sailed on 24th June. For Colombo:-49 packages merchan ize. For Port Said:40 rolls matting. For Odessa: -10 cases bristles. For Fiume: - 250 cases merchan- dize.
For Ham-
For Manchester:-100
For Antwerp:- 75 bales feathers, 1,149 packages merchandize. For Rotterdam:--500
heup. For Genoa: -20 ba es canes. packages hemp. For Amsterdam :---500 packages burg :-7 cases shells. bales water silk. For Newcastle-on Tyne :--2 cases machinery, For Glasgow:-102 cases pre- serves. For London or Antwerp, Hamburg, Bremen, Amsterdam, Rotterdam and Copenhagen -2,100 cases merchandize. For London or Hamburg :- 600 cases cassia, 15 cases bristles For Havre or Hamburg: -38 cases bristles. For London:- 419 casks soy, 8,557 boxes tea, 431 packages mer. chandize, 681 bales hemp, 1,598 packages fire- crackers, 700 bales canes, 650 bales palm leaf fans. 150 rolls matting, 426 bales feathers. 277 cases chinaware, glassware. &c., 24 packages furniture, 200 casks ginger, 40 cases essential oil. 450 cases ginger. 20 cases camphor 100 bales chinaroot, 200 bales galangal, 150 bale waste silk, 80 cases bristles, 86 cases shells, B cases sundries.
SHARE REPORTS.
HONGKONG, 24th June, 1904.-China Sugars and Indo-Chinas have continued to attract the chief attention of operators during the past week, and a substantial advance in the former
has to be recorded In other directions a fir general business his bien transacted at steady to improving r tes.
BANKS.-Hongkong and Shanghais have so'd and bare further sellers at $660. London is unchanged at £66 10s. Od. Nation is after further small sales at $38 continus in request at that rate.
MARINE INSURANCES.—Unions have been
placed at the advanced rat of $545 and close steady at that rate. Further sales of North Chiuas are reported at Tl-, 62}, Cantons remain unchanged, but with probable buyers at quotation. No business in Yangtszes has been reported.
FIRE INSURANCES.-Hongko gs have rule i firm with furth r sales at $310. Chinas hive sold at $864, and continue in request.
SAIPPING.--Hongkong, Canton and Macaos continue weak with small sales at $29) and fur- ther sellers at the rate. Indo-Chinas have ruled fairly steady with sales at $ 17 aud $118 cash, and rather less than equivalent rates on time, market closing with probable buyers at $118. China and Manilas and Douglases con- tinue on offer.at last quotations without attract- ing attention. Star Ferries have been placed at the improved rates of $33 (old) and 824 (new) and continue in request. Shell Transports after receding to 22.- have imp oved to 24/- with buyers.
REFINERIES. China Sugars have sold extensively at rapidly rising from $161 to $180, closing in further demand at $180. Time bargains have also been booked to a fair extent, but at rather less than equivalent rates. Luzons are still out of favour at $9 sellers.
MINING. Raubs have declined to $6§ sellers. Charbonnages have improved to $500 bayers.
DOCKS, WHARVES, AND GUDOWNS.-Hong- kong and Whampoa Docks have ruled steady, and close with small buyers at $213. Hong- kong and Kowloon Wharves have sold at $108, and are now enquired for at $108 New Amoy Ducks are unchanged at $30 sellers, 9.90 Farnhams are still in request locally at Tls. 156. LANDS, HOTELS, AND BUILDINGS.-Hong. 10.00 kong Lands have sold and are in farcher request at $158. Kowloon Lands have improved to $37 buyers. West Points have been placed at the improved rate of $60 and continue in demand. Hongkong Hotels are still obtainable at $137. Humphreys Estates have sold at $12} and 844 for the old and new issues respectively, the former closing in further request. Shang- hai Lands can be placed locally at Tls. 111
8.00 18.40 23.00 124.00 19.50 21.50 3.00 4.50
7.90
7.90
8.00
8.90
Per P. & O. steamer Coromandel, sailed on 18th June. For Manchester:-5 bales waste silk. For Milan :---25 bale raw silk. For Lyons 22 bales raw silk. For Marseilles: -87 bales raw silk, 1 case silks. For London -35 bales raw silk, 888 packages tea, 1 oase silks, 3 cases cigars, 3 cases curios, 1 case feathers, 2 cases chinaware, 2 cases personal effects, 7 packages sundries. For London or Manchester :-75 bales waste silk.
COTTON MILLS. -No change in quotations and no business to report.
MISCELLANEOUS. Green Island Cements- have been booked at $29, and $294 is now offer- al for further lots. China Borneos have improved to 394buyers, and A. S. Watsons toe $13 bayers. Electrics (old) have been placed at $14, and (new) at $77. Tramways are want- ed at $280. Steam Waterboats have improved to $17 and Dairy Farms to $17, both with $10 and are in further request. Tebrans are buyers. United Asbestos have been booked at
wanted at 90 cents. China Providents have