-
November 19, 1904.]
TRADE ITEMS.
10%
The steamers Ranmoor, Saladin, 1,140 tous net, and Hermes have been sold to Japanese.
*
Messrs Benjamin. Kelly & Potts are tele- graphically informed that the Maatchappij tot Mijn, Bosch en Landbouwaxploitatie in Langkat has declared a fourth quarterly dividend of ́lls. 5 per share, making so far Tils. 35 for the year, payable on (probably) the 15th December next.
་་
The Chinese Government is being" memorial ised to increase the tax on native grown opium to one hundred taels per chest. Tieh Liang, the originator of the proposal. thinks thns to augment the funds for army reorganisa- tion. There will be strong agitation against the proposal by nat've merchants.
The N.-C. Daily News lears from Tientsio that H.E. Yuan Shih-kai, Viceroy of Chihli, has made a contract with Messrs. H. Mand! & Co. for eleven latteries, each six guns, Krupp 71-centimetre quick-firing mountain and Held guns, on recoil carriages, with 60 punds of ammunition for each gun, complete. The contract p ice is said to be £210,000.
We are authorised to state that, subject to audit, the directors of the China Truders' In. surance Company, Limited, will r.commend at the forthcoming meeting of shareholders the payment of a general dividend of 18 per cent. ($4.50 per share), a bonus to contributors of 15 per cent., to place 850,000 to reserve fund, and to carry to underwriting suspense the sum of $223,3.1.78.
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CHINA OVERLAND TRADE REPORT.
COMMERCIAL.
SILK.
CANTON, 22nd October 1904: -Silk.-Sixth
YARN.
381
Mr. Eduljee, in his report, dated Hongkong 18th Nov., says: -Demand from the country continues, and backed up by a modorato enquiry for the lower counts a quiet but steady daily business is Crop. The number of Hales available for Export being done, both in goods on the spot and to is 9,000 uguinst 7,000 last year. The quality and arrive, on the basis of lust fortnight's values. colour are better than 5th crop. Long-reels.— Dealers have been forced to pay higher prices for During the past fortnight buyers for Europe have spot goods, as deliveries under their late contracts shown much eagerness, and have booked about are not up to time, and stocks have run very short. 2,000 Hales in various grades and sizes. The Fairly large orders luive been booked for favourite demand for 9/11 and 10/12 continues in excess of spinnings for delivery before China New-Year. supplies, and Reelers are reluctant to accept for and at the close we hear that further business is ward contracta even at higher prices. There are pending, but doubts are expressed as to the prac still buyers of Natives 11/13-13/15-14/18 atticability of limits, they being cast very low steadily increasing rates. From Sales made in Stocks are by no means excessive and after allow- different crops we quote: Fil. Wing Cheong Sing, ing for unsaleable goods, must be considered 11/13, at $915; Sun Yue Lun, 9/11 at $920; Yee within very narrow limits. The market closes Wo Loong, 10/12, at $910; Miu Lun On, 10/12 at stendy. $880; Chee Chung Wo, 11/13 at $875; Wa Lun Cheong, 16/18 at $785; Wai King Wo, 18/22 at $760; Soey Wo Cheong, 11/13-13/15-14/18 at $767); Yuen Cheong, 11/13-13/15-14/18 at $760. Short- reels. With the exception of from one or two
quarters, buyers have generally retired from the market, The American demand rules dull; and some Reelers have stopped producting-Short-reels in order to replace them by Long-reels. Waste Silk. Has been in better demand, and buying the interior have further advanced, and are 1 eyond the reach of foreign Buyers. Producers are hold. ing up their stocks in view of Dealers having to find cover shortly for their forward contracts.
*ByNatives" or " Market Cargu" We Reun "Best "Bme ordre" and Bom. "'3ue ordre."
has been resumed on a moderate scale.
SUGAR.
Local Manufacture :-Local mill quotations are maintained and sales of 250 bales No. 10s at $114, and 100 bales No. 128-at $116 are reported.
Japanese. Yarn: Importations practically checked owing to high prices ruling in Japan.
No business,
Raw Cotton:--Dealers have lowered their offers of New Bengals by about 50 cents to a dollar per picul, and no business has resulted amongst the Our local mill, however, is in some | natives. Value in evidence, and sales of 279 bales at $30 have tran- spired. There has been nothing doing in old Bengal descriptions. In China kinds some 400 bales Thoongchow are reported to have changed hands at $32 to $31). Stocks: New Bengal 75 bales, Old 250 bales and China 400. }. Quotations are New Bengal 828 to $31; Old $28 to $30; China $311 to $324.
HONGKONG, 18th Nov.-Same 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 Do.
1. Brown.... 5.95 to 0.00 Do.
2. Brown.... 580 to No. 1, White...... 8.30 to
Swatow,
וי
Do.
2, White...... 7.35 to
11
is
· Do.
1, Brown..
5.75 to
"
Do.
2. Brown
++
The Bulletin Economique l'Indo Chine pub. lishes a report by M. Fetterer, Chief of the, Commercial Bureau at Hanoi, on the trade for 1903. Imports and exports are down to 1,325 000,000, being thus f.70,000,000 less than the previous year, or 18 per cent.. which is entirely attributable to the deplorable rice crop. The exports of this cereal fell from 144,000,000 | to 76,000,000. Imports only fell about
The rice f.11, 00,000,
crop this year expected to be much better,
H.E. Viceroy Chang Chih-tung has lately signed an agreement with the representative of & Kobe Shipbuilding Company for the imme- diate construction of a number of light draught gunboats and torpedo-boats, namely, six light draught gunboats, speed thirteen knots, at Ye 455,000 each. And four second class torpedo- boats, speed twenty-three knots, at Yon 300,000 each, or a total of Yen 3,930,000 for the ten ressels, to be delivered at Kobe within the period of twenty-six months. Bargain money' amounting to Yen 550,00 was paid by the Chinese officials on the signing of the agree- ment.
1
route back to
The Norddeutscher Lloyd will alter the route of its New Guinea branch line in the following manner-The Imperial Mail steamers Prinz Waldemar and Prinz Sigismund will henceforth | follow the route from Sydney via New Guinea to Hongkong and Japan (instead of calling at Singapore) and take the same Sydney. The first voyage according to the new schedule will be made by the Prinz Sigismund which left Sydney on October 29, and she is advertised to-day to leave Hongkong At an interval for Japan about the 22nd inst. of six weeks' duration, i.e, ou December 10, the steamer Prinz Waldemur will follow. The steamers will call ut Kobe and Yokohama.
Many residents during the past month have accepted the invitation of Messrs. A. S. Watson & Co. to inspect their new wine vaults which occupy the whole of the space underneath | Alexandra Buildings. Here, to quote the words of the advertisement, casks of sherry, hogsheads of whisky and brandy, pipes of port, and bottled wines maturing in bins and packed in oases ready for export may be seen in every direction as far as the eye can reach." We may see, moreover, the varions processes of blending, bottling and packing which the demands from the firm's numerou; Iranches, combined with the local consumption, maintain in constant operation. Unquestionably the firm has secured in Alexandra Buildings splendid accommodation for its extensive business, and the wine vaults are in keeping with the rest of the building spacious, well-ventilated, and favoured with an unusual amount of daylight. When this fails the electric light is switched on. They are model vaults, and to quote the invita tion again are well worth a visit.'
Foochow Sugar Candy Shekloong
H
RICE.
"
5.83
"
8.35
7.40 5.80 5.60 to 5,65 12.10 to 12 55 10.45 to 10.50
HONGKONG, 18th Nov.-The prices are the same as when last reported holders being firm. Sugon, Ordinary
1+
Siam,
"
Round, good quality Long...
$2.25 to $2.30 2.30 to 2.35
2.60 to 2,65
Field mill cleaned, No. 2
White,
Fine Cargo
Garden,
2.30 to 2.36 No. 1
2.41 to 2.45 ...... 3.50 to 3.85 4.00 to 4.05
Exchange on India has continued to advance and closes strong to-day at Rs. 140 for T/T and Rs. 140 for Post. On Shanghai 713, and Yoko- hama 924.
The undernoted business is reported from Shanghai in imported and local spinnings during the fortnight ended 4th instant, viz:-
Indian:-There has been a better selection on offer and freer buying, total sales amounting to 10,500 bales, prices showing an improvement of one Tael in No. 20s and market closing firm. Estimated unsold stock about 32,000 bales.
Japanese-A small but steady demand con- tinues on the basis of Tis. 944 to 98 for No. 168. and Tls. 98 to 103 for No. 208.
Local:-Sales aggregate 6,000 bales No. 16s, on the basis of Tls. 93 to 901, prices showing little or no fluctuations,
PIECE GOODS.
Messrs. Noel, Murray & Co's. Piece Goods Trade Report, dated Shanghai, 10th November, states - The holidays might have continued another weck, so far as business in this department of the trade is concerned, for importers have had a deadly dull time of it, and there has been nothing in the way of exciting news to relieve the monotony. The only change of any import- ance is the advance in sterling exchange, and that has not helped fresh business, as there is to $1160 per picul. no telling where it will stop. Some comunisera-
OPIUM HONGKONG, 15th November.-- Quotations are:-
Allowance net. to 1 catty. Malwa New
Malwa Old Malwa Older Malwa V. Old.. Persian fine quality Pérsian extra fine
Patna New Patna Old
Benares New Benares Old
.$1120
do.
.$1220
to $1250 do.
81270
to $1300 do.
$13-40 ...$ 830 $ 885 .811824 to
.81132 to to
to $1380 to
to
do. do.
COAL.
to
do. do.
do.
Messrs. Hughes and Hough, in their coal report of to-day's date, state that five steamers are ex- pected at Hongkong with a total of 21,000 tons of Japan coal. Since 4th November 25,000 tons of Japan coal, and 30,700 tons of Welsh con have arrived, nearly all sold. The market is dull with small sales of Japanese. Quotations:-
Cardiff......... $18.00 ex-ship.
Australian
tion is felt for the operators who were thought to be in such a hurry to settle their forward ex- change a few months ago, and it is certainly unfortunate for the holders of produce, which is coming in with some freedom from the country. per chest. Goods continue to be shipped freely to Now- chwang in view of the probable early closing, but it is much feared that considerable quantities settled forward for that maket will arrive too late for the direct steamers. The Pacfle Mail S. N. Co. seem to have become alive to the im portance of putting on an extra steamer at last, to come here practically dret, viå Moji, for bunker coal. The steamer we understand is the 8.8. Algen, which, unfortunately, is not a very fast boat and may only just possibly be in time. It is ruinoured to-day that a steamer that was supposed to be due shortly froin Tacoffis, with a heavy cargo of American Cotton Goods for this
" on fire." Port, has had to put back particulars are obtainable, even the name of the steamer, so far as we can learn. It may possibly be the s.s. Shawmut, though the Agents here understood she was to be laid up for extensive repairs. Whatever it is the delay will. cause a lot of annoyance and inconvenience here, the Northern merchants having already com- menced to complain and hold cut threats of claims for late delivery, Trade Marks.—This question remains in statu quo. The British Authorities here continue to assert that the questions raised are still pending, and this is confirmed by a reply received yesterday by the American Consul General to á telegraphic enquiry from him to Peking on the subject.
$11.00 ex-ship. Yabari Lump.. $12.00 ex-ship, nominal Miiki Lump
$10.0 ex-ship. nominal Moji Lump......$6.50 to 10 CO ex-ship, steady
COTTON. HONGKONG, 18th Nov:-Small sales at a decline of 31. Stock about 225 bales.
Bombay..
$28.00 to 30.00 per pel. Bengal (New), Rangoon 30 00 to 31.00
and Dacen..... Shanghai and Japanese, 31.00 to 31.50 Tungchow and Ningpo, 31.00 to 31.50 Reported sales 250 bales.
11
30
No