310
COMMERCIAL.
TEA.
No business has been reported since the 5th - inst., at Hankow.
The following wore the Statistics on October, 12th compared with the corresponding date last season, viz.,
1904.
HANKOW TEA.
-Chests.
Settlements...
583,841
1903. -Chests. 536,233
Shipments to Shanghai on
Native account
Stock
34,604 25,577 3,000 23,360
Arrivals
KIURIANG TEA.
Settlements...
195,588
621,455 585,179
1904. 1903. 4-Chests. -Chests.
190,682
Shipments to Shanghai on
Native account
Stock
18,037
nil.
13,017 793
Arrivals
213,575
204,492
THE HONGKONG WEEKLY PRESS AND
HONGKONG, 20th October, 1904-Since the 22nd ultimo the movements in the various Opium war- kets have been as follows:—
Storks as per circular of
Atb Ortolier, 1964.
Matra. Pulua. Bouarer Persian,
Oct. 6th Imports per Coromandel Oct. 11th
Lightning Oct 4th
Kona Sang
Less Exports to Shanghai Less Exports to East and“ West Coast Ports including Local Consumption for the fortnight...
Estimated Stocks this day..
860) 2.430 1,046 1,978 370 194 117 1031
65 15
1,20 48
903 485
3,502 9.247 2,097
448 As
182 730 364 131
1,009) 2,414 1,781 1,056
Bengal. The market has been very active and a large business has taken place. Deliveries have been very satisfactory. Closing quotations are $1,1321 for Patna and $1,080 for Benares.
Malwa A good demand has existed, but the market is quiet at the close.
Quotations are.
New
2 years old
3
45 Oldest
++
1#
$1,070/1,100
$1,140/1,160
$1,180/1,200
$1.240/1.200
$1.280/1,300
[October 22, 1904.
Japanese-The decline in China Cotton has had a weakening effect on those spinnings, sales reported being about 1,000 bales on the basis of Tls. 92 to 99 for No. 168, and Tls. 98 to 103 for No. 20s, prices showing a decline of one to two taels.
Local:-The cheapness of cotton has enabled the tuills to make further contracts, the settle...... ments of the fortnight amounting to 9,500 bales on the basis of Tls, 881 for No. 10s, Tis. 91 for No. 128. Tls. 89 to 92 for No. 14s, and Tls. 92 to 24 for No. 168.
HONGKONG QUOTATIONS. Hongkong, 21st October, 1001
Beans Borax..
Camphor (China)
(Formosa)
$3 a 4 815 @ 17 $115
$120
་
.822
}
$15
$165 (@ 170
Cassin (First quality)
(Second
Oil..
"
Cloves
Fennel Seed Oil Alue..
Grapes
.323 ( 45
.8345 @ 350
The export to 8th instant, as per Customs Returns stands thus :-
Re-exports.
Season 1904 × 1905...44,875,712 lbs.... 13,153,539]hs.
SILK.
CANTON, 8th October, 1904-Long reels.-At the beginning of the fortnight, some merchants, pressed by tight money, made small concessions for ready cargo in order to realize. But, in spite of those spot bargains, the market reinains very firm for futures, and holders are unwilling to sell to arrive except at an advance. A general good demand from every quarter took place in all grades, and over 1,600 bales were bought ou the basis of, or at slightly under, the quotations of that date. The 9/11 and 10/12, and the Natives *. were, and are still, most wanted a full prices, but they are exceedingly scarce. From the sales made in different crops we quote:-Filatures Sun Yee Lun 11/13 @ $850; King Seng 13/15 (a $855; Wing Shing Lun<11/13 @ $850; King Wo Cheong 18/22 @ $740; Yu Ye Lun 26/30 (a $735; Yee Wo Lun 11/13-13/15-14/18 @ $745. Short-reels. -The buoyancy in the European demand has not been reflected from America. Buyers refuse to go on except at lower prices. On our side $860 has been paid for Hau King Lun 14/15 5th crop. | Waste Silk.-An easier tone, especially for spot Waste, has resulted in some further business. While the "Extra Selected Opened" and "Market Extra No. 3" rather cheap, the "Extra Extra Opened is maintained at a comparatively firm rate. Pierced Cocoons, Gum Waste, ard Punjum Books for the European market are rather neglected..
are
• By "Market Cargo" or "Natives " We unean me ordre" and "Sme ordre."
SUGAR.
"Best
HONGKONG, 21st Oct.,--Some demands having come forward, the prices are advancing. Shekloong, No. 1, White......$8.35 to $8.40 pels.
Do.
2, White..... 7.45 to 7.50 1, Brown...... 5.95 to 6.00 2, Brown...... 5.85 to 5.90 8.40
"
Do.
Do.
Swatow,
No. 1, White...... 8.35 to
Do.
Do.
"
Do.
21
2, Brown
2, White.... 7.40 to 1, Brown...... 5.80 to ..... 5.60 to
7:45
J
5.85
11
5.63
>
.12.45 to 12 50
..
.10.50 to 10.53
"
RICE.
Foochow Sugar Candy
Shekloong
71
HONGKONG, 21st Oct.-The prices are declining, market being dull
Saigon, Ordinary.
Round, good quality Long
$2.25 to $2.30
2.30 to 2.35 3.60 to 3.65 2,30 to 2,35 3.40 to 3.45 3.80 to 3.85 ............................ 4.00 to 4.05
23
17
Siam, Field mill cleaned, No. 2
Garden,
No. I
"
Fine Cargo
White,
OPIUM.
HONGKONG, 20th October.-Quotations are: - Allowance net to 1 catty. Malwa New
.$1070 to $1100 per picul.
$1140 to $1160
do. to $1250 do. to $1800
do.
do.
do.
Malwa Old
Malwa Older
$1230
Malwa V. Old...
$1270
Persian fine quality
...$ 880
Persian extra fine
Patna New
Patna Old
to ...$ 900 to .$1182} to ..S
to .$1080
to
do.
$1080
to
do.
Benares New Benares Old
Persian. Prices for good qualtity are 820/860.
COAL.
Mes ra. Hughes and Hough, in their coal report of to-day's date, stato thất twelve steamers are ex- pected at Hongkong with a total of 22,600 tons of Japan coal and 30,800 tons of Cardiff coal. Since 9th October 9,006 tons of Japan coal, and 6.000 tons of Welsh coa' have arrived, nearly The market is dull with small sales of Japanese, Quotations:-
Cardiff...
Australian
Yubari Lump.. Miiki Lump
$18.00 ex-ship.
$11.00 ex-ship.
$12.00 ex-ship, nominal :$10.00 ex-ship, nominal Moji Lump. .$6.50 to 10:00 ex-ship, stendy
COTTON.
HONGKONG, 21st Oct. :-Market quiet, with prices easier. Stock ah ut 300 bales.
Bombay..
29.00 to 30.00 per pcl. Bengal (New), Rangoon ? 30.00 to 32 00
and Dacca. Shanghai and Japanese, Tungchow and Ningpo, Reported sales 50 hales.
YARN.
32.01 to 33.00 32.00 to 33.00
Mr. Eduljee in his report, dated Hongkong, 21st October, says:-There has been more dispo sition to do business on the part of dealers, and during the past, fortnight a fair enquiry has been experinced at low rates, the chief feature being the almost exclusive run on No. 10s and 128 to the neglect of the higher counts. No general business has been done, as the prices offered are out of all proportion to the ideas of holders, but for more or less long delivery have been sold to here and there small retail lots of favourite chops
encourage demand.
Prices have further receded one to two Dollars per bale and still no abatement in the downward course is apparent; ho'ders are anxious sellers and sales are being vigorously pressed.
Local Manufacture:-The productions of the local mill in courser and [heavier threads would appear to be in much favour with the dealers, for as high as $115 per bale has been paid for a lot of 50 bales No. 88. In other counts a decline of $1 per bale has to be noted and sales of 550 bales No. 108 at $117 and of 200 bales No. 12s at $119 are reported.
Japanese Yarn:-Continues strong and the only business of the fortnight comprises 300 bales No. 20s, at from $134 to $137 per bale.
Raw Cotton-New Bengals will be on the market in about a fortnight or three weeks. Out of the meagre stock of 550 bales sold Indian cotton, a parcel of 73 bales superfine Bengal has been purchased by the local mill at 830. In China kinds only about 175 bales Thoongchow are reported sold at 8321 to 832. Unsold stock 500 bales. Quotations are Indian $28 to $31, and China $31 to 832).
Exchange on India closes to-day at Rs. 1371 for T/T and Ra 137; for post. On Shanghai 714 and on Yokohamя 901 .
The undernoted business in imported and local spinnings is rep rted from Shanghai during the fortight ended the 7 h instant, viz.:-
Indian-A good demand continues to be ex- per chest.perienced for the Northern Ports and despite a decidedly dull enquiry for the River close upon 10,000 bales have changed hands at steady to firm prices.
do.
|
Ivory Kismiss Olibanum Rosa Oil Saltpetre... Sandal wood.
$26 @ 35
89 @ 15
$350 (@ 650
$9 @ 15
$10 G. 22
$60 (@ 175
.$10) @ 11
$28 (a 30
Oil..
$300 @@ 400
54
$102 @ 114 877 (o 85.
Senna Leaves.. Sugar Candy. Vermilion... Wax...
PIECE GOODS.
.533 (a 35
Messrs. Noel, Murray & Co., in their Report on the Shanghai Piece Goods Trade, dated Shang- hai, 13th October, state:-The market continues ' in a very quite state, and clearances are not so brisk, except of American goods which are still in strong demand and taken with great avidity so soon as they arrive. The present lull is not at all surprising considering the heayy quanities that have recently been shipped, and the really depleted state of the market. The extraordinarily large shipments to China have caused orders to be sent stopping further supplies for the present, but now the Railway is in working order and can take the goods to the consuming districts with much greater rapidity than of yore, it is not anticipated that further orders will be held back for long. The Japanese are in the market again for any. thing suitable, and have actually tried to book. large lines in the home markets for next year's delivery, but have only succeeded to a conipara- tively small extent. The Newchwang steamers are still carrying up full cargoes, on all of which the dealers here are supposed to have done remarkably well. The disappointing features of the situation continue to be Tientsin and Hankow, financial difficulties, seemingly, being at the hot. tom in both cases.
Orders from the former come forward in a sporadic manner and are soon satis- fied, but nevertheless the place appears to be prospering and is full of enterprise. From Han- kow, on the other hand, it is said no orders have come down since the last settling day, and the shipments thence are commencing to show con- siderable falling off. This sudden change in the condition of the trade seems strange, and must be due to something much more portentious than the mere failure, or financial embarrassments, of one or two Hongs. As regards forward business the dealers are just as willing as ever to buy any- thing that can be obtained on reasonable terms, both as regards price and shipment. The latter is chiefly the stumbling block, especially with the leading makers. It is reported that 5,000 bales
|
* ere.
of a favorite Manchester inako have been booked for June/July shipment, American Manufacturers not caring to enter into contracts so far ahead. With the latter, however, orders are being liter- ally forced on them, and despite the fall in Cotton prices are almost as high as they ever Manchester makes have admittedly been relatively cheaper, and now would have been her chance if she only had sufficient suitable looms available. The present methods of the American Manu- facturer in not sticking to quotations would soon put him out of the running in this market if there were any other competitor ready and able to take it up. The présent situation shows there is a decided want of "grit" amongst the Lancashire Manufacturers. Their representatives here can- not be blamed for endeavouring to get a share of the opposition trade, which they are doing with
considerable success. With a surfeit of orders it is only natural that Manchester should be strong, and it is chiefly in specialities of the Fancy kind that it is possible to do business. The Cotton