122
COMMERCIAL.
SILK.
Canton, 30th July, 1904 :- Crops.-It is worth comparing the figures of the first three
cro, 8
with those of last year :-
1903.
1st crop, 2nd crop, ...... 6,500 3rd crop,
..10,000
5,500 bales.
1904. 3,500 ba'es.
M
4,000 7,000
H
22,000
14.530
**
Tais
These figures include only the bales available for Export. It shows for the current season a shortage of 7,500 bales, which may be compensated for by the last three creps; but this is doubtful. decrease in Export is dus not only to the failure of the yields, but also to the constant purchases for the native consumption, which is very flour. ishing. Long-reels. -Have continued in favour with European buyers, but at irregular prices, To-day the foreign firms appear not to be so keen. are still in great enquiry at very Natives high prices. Sales have ben made on the bisis of $875 for Wing Cheong Sing 11/18: $520 for Kwong Shun Hang 11/13; $770 for Yu King Lun 13/15; $700 for Yee Wo heong 18/22; $715 for Yee Wo Lun 11/13-18/15-14/18. Short-reels.-A marked improvement has been shown in the de- mand from America, resulting in a very fair business in Best and Good medium grades. Waste Silk-Nothing fresh to report, The Can- ton market is quite lifeless, hut values continue to rule rather strong in the country.
N.B.-By "Natives" or "market cargo" we inean "Best 3me ordre" and "3me ordre.'
SUGAR.
HONGKONG, 12th August. declining market being weak.
The prices are
THE HONGKONG WEEKLY PRESS AND
HONGKONG, 12th August.-The position of the market is nearlythe same as when last reported. Saigon, Ordinary.
$2.40 to $2.45 3.75 to 3. 80
11
ง
Round, good quality Long
Siam, Field mill cleaned, No. 2
No. 1
Garden,
White,
"
Fine Cargo
OPIUM.
3.95 to 4.00 2.65 to 2.70 3.60 to 3.65 4.1 to 4.15
[August 13, 1904.
Exchange on India has fluctuated slightly and closes to-day at Rs. 1374 for T/T and Rs. 1371 for Post. On Shanghai 72, and on Yokohama 90.
The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 30th ultimo, viz:—
Indian-The market has been active with a further rise of one Tael in values, sales reported 4.250to 4.30 aggregating 12,300 bales, including 5,300 bales of No. 10s, 500 bales of No. 128, 140 bales No. 148, 2,650 bales No. 168, and 3,710 bales No. 20s. Estimated unsold stock about 28,000 bales
Quotations are:-Allowance net to 1 catty.
Malwa New Malwa Old
Malwa Older
$1040 $110)
9th August. to $1060 per picul to $1140 do.
$1240
to $1260 do.
.81280
to $1295 do. to .$900 to $1175 to to $1155 to $120 to
do.
do.
Malwa V. Old Persian fine quality....$880
Patna New Persian extra fine
Patna Old
Benares New Benares Old
per chest.
do.
do.
do.
HONGKONG, 11th August.
We beg to continue our advices of the 28th July, since when the movements in our various Opium markets have been as follows:-
Mula. Putna. Benares, Persian,
Stocks per circular of
28th July, 1004. July 29th Imports per Nubia August 1st.
Laisang August 8th
C. Apear
346 2,805 1,180 2,444
91
871
4441 150
195 10
Less Exports to Shanghai Less Exports to East and y
West Coast Ports including: Local Consumption for the fortnight..
337 3.401
44
373
1.350
553
112
1701
Estimated Stocks this day
734
1,885 2,531)
2,473 1,198 2,301
Bengal. The market has been steadily declin- ing owing to heavy stocks and unsatisfactory consumption. We quote Patna at $1,175 and Benares at $1,152).
MalwaThere has been less doing duing the
Shekloong, No. 1, White......$8.50 to $8.55 pels. fortnight and prices are easier: We-quote-
Swaton,
Do.
2, White...... 7.50 to 7.55
"
Do.
**
1, Brown.. 5.95 to 8,00
Do.
2, Brown...... 5.80 to
5.85
"?
Do.
No. 1, White...... 8.40 to
2, White.
8.45
**
Do.
1. Brown
7.40 to 5.75 to 5.80
7.45
..
24
2, Brown
5.65 to 5.70
12.70 to 12 75
"
.10.70 to 10.75
#3
Do.
Foochow Sugar Candy Shekloong
RICE.
SAIGON, 29th July, Mesars. Wm. G. Hale & Co., in their fort nightly circular state :-Tbe advance in prices advised in our last issue has been well kept up during the period under review, owing to supplies being confined to small arrivals of contracted grain and to a fairly g ed demand which has been prevailing for Java. Pbilippines, China, etc. On the other hand Exchange, during the earlier part of the period under review, had gone up by several points thus checking business with Europe. The closing tendency of our market is decidedly upward, as dealers in the Interior hold on their stocks for higher prices, and that there are a good many large contracts falling due in August which require grain for fulfilment.
We quote for August to September delivery:
per picul.
No. 2 White sifted (trie)
steam milled (mixed)
No. 2 White unsifted (ordinaire)
steam milled (mixed) 5% Cargo steam mi led (mixed)
10
"
20
17
23
•
11
$3.10 $2.70 $2.58 $2.50
The following is a statement of this year's exports of White Rice, Cargo Rice and Paddy
Destination,
Hongkong
Manila
Tonkin and Annam
Iloilo
Cebu
Japan Corea.
Singapore.... Batavia. Sourabaya India.... Noumea
Madagascar Reunion Europe
Total Piculs
.1,853,900 500 1,013,300 207,500 303,400 695,400 34,500 36,700 51,200 21,200 300 24,000
41,400 223,100 .2,045,900
Total.........6,552,300
New
2
years old
3
•
4-5 Oldest
$1,040/1,060 $1,080/1,100
$1,120/1,140 $1,220/1,240 $1,260/1,270 Persian. Prices are steady at last quotations.
COAL.
The arrivals of coal up to date at Hongkong have been 14,500 tons of Japanese coal, and 1,000 tons of Cardiff coal all sold; and 38,300 tons of
Japanese coal are expected to arrive shortly.
COTTON.
HONGKONG, 12th August:-Moderate bus ́ness, market closes quiet. Stock about 800 bales.
Bombay.
27.00 to 29.00 per pel. Bengal (New), Rangoon ? 30.00 to 30.50
and Dacca.... Shanghai and Japanese, 30.00 to 32.00 Tungchow and Ningpo, 30.00 to 32.00
Reported sales 523 bale-.
}
YARN.
+
Mr. Eduljes in his report, dated Hongkong, August 12th, says -The demand during the interval has somewhat fallen off, but this may be accounted for, in a great measure, by the increas- ing firmness of holders who will no longer accept the late prices ruling, although they showed a Dollar advance on previous quotations. Dealers, on the other hand, are now fairly supplied with all grades of Twist and can afford to wait further developments. Best qualities of Nos. 168 and 20s are enquired for at advancing prices, and being in small supplies buyers have had to pay as much as $2 higher per bale. Nos. 10s and 128, are in moderate demand, and Nos. 68 and 8s are Notwithstanding large arrivals our estimate of easily saleable at an advance of $1 per bale.
stocks shaws no appreciable increase on last figures as nearly half of the receipts are in fulfil. ment of old contracts. The market closes quiet but firm.
Local Manufacture:-A good enquiry has con- tinued for these threads, but prices show no advance and sales of 500 bales No. 10s at $112, and 500 bales No. 128 at $114, have been effected. Japanese Yarn:-Sales of 800 bales No. 208 at from $131 to $133 are reported, market closing firm.
In
Raw Cotton:-The market continues feature- less. There has been nothing doing in China descriptions, the market being bare of stock. Indian staple, a few small parcels of superfine Bengal, aggregating 250 bales, are reported to have changed 'hands at from $28 to $30. Esti- mated stock 1,500 bales. Quotations are Bengal $26 to $30 and China $30 to $32.
|
Japanese :-The business of the interval has been the sale of 2,500 bales on the basis of Tls. 88 to 984 for No 168, and Tle. 931 to 991 for No. 20s, prices showing an advance of one or two Taels, and market closing steady.
Local Market firm and sales reported are 1,500 bales on the basis of Tls. 85 to 85] for No. 10%, Tls. 80 for No. 128, and Tis. 89 to 891 for No. 148.
MISCELLANEOUS IMPORTS.
Shanghai, 4th August. Messrs. Noel Murray & Co., in their Report on the Shanghai Piece Goods Trade, state:- Day after day there have been rumours current of the fall of Port Arthur, but still all offical verification is withheld. That it must be taken, and that within a very short time now, is practi- cally certain, as the determination with which the Japanese have carried out all their under- takings, regardless of the loss of life, has already shown: but until it has been actually accom- plished, and the Fleet that is engaged in in- vesting the Port released, the Progress made will not be throughly appreciated. As was an- ticipated the restrictions on shipments to New. chwang have already been greatly relaxed, but as there are still Russians in the nighbourhood it is found necessary to prohibit supplies that might be intended for them. During the current week, which has been somewhat curtailed by two Bank holidays, when Exchange quotations were unavailable, a fair amount of forward buying has continued in both Manchester and American makes, but towards the close the Natives are showing less eagerness to operate, having bought as much as they consider safe in face of the cheap supplies that will be coming along should the growing crop turn out to be of bumper propor- tions. We think we are safe in saying that never before has such a large business for the Spring been done so early in the season in Manchester makes, and the feeling is that Manufactures there have-or are going to--score heavily. They are undoubtedly short of orders for the next two or three months and the dealers are not at all inclined to place any, though in American makes the bulk of the business has been for earlier ship- ment, Orders for some makes, however, have gone through for as late as February. Spot Cargo is getting undoubtedly scarce in first hands and the volume of buisness perceptibly smaller; at the same time the Auction results do not improve as might be expected. Manchester is strong and prices for forward transactions have advanced three half-pence for 8.4 lb. Shirtings, threepence for 12-lbs. 36-inch, and fourpence half-penny to sixpence for fine Whites. Cotton continues its downward course, as far as the American staple is concerned, the latest quotation in Liverpool for Middling being 6.16d., but Egyptian is a little firmer at 7d. Export for last month of Plain Cottons to Hongkong and China was 19,000,000 yards, and 2,500 bales Yarn. The American market is somewhat irregular, a good many makes being quoted considerably higher; espe cially for later shipment, in some cases as much as sixpence, while makers of other Cloths have been easier to deal with.
HONGKONG, 12th August.-The prices ruling are as follows:-
COTTON YARN----
per bale
Bombay-Nos. 10 to 20,...$ 90.00 to $128,00 English-Nos. 16 to 24,
"
22 to 24, 28 to 32, 38 to 42, Reported sales 6,000 bales. COTTON PIECE GOODS--
Grey Shirtings-6 lbs. ....
7 lbs,
8.4 lbs.
9. to 10 lbs.
#
114.00 to - 120.00 120.00 to 128.00
138.00 to 142.00
155.00 to 170.00
ربي
per pieca 2.20 2,35 to 2.60
to 2.30
3.20 to 4.10
4.10 to 6.50
White Shirtings-54 to 56 rd. 2.90 to 8.10 58 to 60 8.20 to 3.75 64 to 66 4.00 to 5.50 Fine..... 6.20 to 8.25 Book-folds 5,50 to
8.20
19