-
458
COMMERCIAL.
SILK.
CANTON, 19th November, 1904: - Seventh Crop.-Owing to the unusual rainy weather during last month, the 7th crop promised at first to be rather large; but finally the "rendement " of Cocoons is poor, and there will only be available for export about 2,000 bales. Long-reels-Since our last prices have been forced up to a very high level by the recent excited buying for Europe and the market in the interior has risen considerably under that influen- ce.
Purchases during the fortnight for Europe amount to about 3,000 bales comprising all grades and sizes. Most of the Reelers, having sold out their stock, and contracted for their production for some.time to come, ask now extremely high prices; thus further business is checked. From sales made in different crops we quote: Fil. Wing Cheong Sing 11/13 at $985; Wing Wo Lun 9/11 at $955; Sui Lun Hing 10/12 at $925; Ling Chai 11/13 at $925; Shun Kee 18/15 at $900; Sun Yue Lun 18/18 at $845; Wai King Wo 18/22 at $760 ; Soey Wo Chong 11/13 at $840, Quan Wo Hing 11/13, 13/15, 14/18 at $790. Short-reels.— The demand has been reviving for America, and many forward contracts have been placed at ad- vancing prices, $885 has been paid for Hau-King Long 14/16. Waste Silk-Has ruled irregularly some settlements were made early in the fort night at easier prices; but latterly advancing Exchange has put buyers out of the market
SUGAR.
HONGKONG, 16th Dec.-Few demands having come forward, the prices are declining. Shekloong, No. 1, White......$8.45 to $8.50 pcls.
2, White...... 7.70 to 7.75 1, Brown...... 6.20 to
6.25 2, Brown... 5.90 to No. 1, White...... 8.40 to
Do.
THE HONGKONG WEEKLY PRESS AND
COAL.
Messrs. Hughes and Hough, in their coal report of to-day's date, state that seven steamers are ex- pected at Hongkong with a total of 21,500 tons of Japan coal and 3,000 tons of Hongay. Since 2nd December 37,900 tons of Japan coal have arrived, all sold. The market is firm, owing to extensive speculation in Japanese coal among the Chinese operators. Quotations:-
Cardiff.. Australian Tubari Lump.. Miiki Lump Moji Lump..
$18.00 ex-ship. $11.00 ex-ship.
$12.00 ex-ship, nominal .$1000 or-ship, nominal $6.50 to 1000 ex-ship, steady
COTTON.
HONGKONG, 18th Dec::->mall business, market" easier by $3 per picul.
Bombay.. Bengal (New), Rangoon
and Dacca... Shanghai and Japanese, Tungchow and Ningpo, Reported sales 150 bales.
COTTON PIECE GOODS-
[December 17, 1904.
per piece
to
White Shirtings-54 to 56 rd. 2.80
:
3.00
"J
3.80 to 5.40
58 to 60 3.10 to 3.60 64 to 66 Fine
8.10 to 8.00 Book-folds 5.80 to 8.10 Victoria Lawns-12 yards 0.80 to 1.00 T-Cloths--6lbs. (32 in.), Ord'y. 2.20 to 2.3)
7lbs. (32
2.70 to 3.00
"
6lbs. (82 j, Mexa. 2.25 to 2.70
"
7lbs. (32 ).
"
2.90 to 3.20
33
3.80
8 to 8.4 oz., (36 in.) 3.25 to Drills, English-40 yds., 134 6.10 to 8.00
to 14 lbs.
FANCT COTTONS-
Turkey Red Shirtings-1 to 1.75 to 4.00
8 lbs.
per yard
Brocades Damasks.
--Dyed
.0.13 to
0.14
Chintzes-Assorted
0.08, to
0.20
Velvets-Black, 22 in.
0.23 to
0.50
"
Velveteens-18 in.
0.23 to
0.27
++
per dozen
Handkerchiefs-Imitation Silk 0.56 to 1.25
Stock about 2,000 bales.
$25.00 to 27.00 per pel.
26.00 to $7.00 29.00 to 30.00 29.00 to 30.00
YARN.
91
Mr. Eduljee, in his report, dated Hongkong 16th December, says :-The violent fluctuations on the other side have been mostly reflected in our yarn market. A smart decline in the prices of raw cotton in America, combined with a steady advancing exchange, has had the effect of greatly weakening holders, and goods have been freely offered in all directions, irrespective of cost, with- out inducing any business worthy of note. Buyers fortnight barely amounting to 2,500 bales, and are holding severely aloof, the settlements of the purchases confined to special chops and immediate urgent requirements. Values show a further depreciation of $3 to $4 per bals and are weak at the close, and dealers, having in view the lower cost of importations, and the weak and declining condition of our large neighbouring marketa, ex- pect a lower range of values ruling in the near future, and prospects ahead are far from assuring. Local Manufacture: Rates are maintained and fresh forward contracts of about 600 bales, Nos. 10s at $113 and $114 have been entered into.
Japanese Yarn:
been Importations have checked by higher prices ruling in Japan, and HONGKONG, 16th Dec.-The prices are going sales, out of stock, of 500 hales No. 20s have been downward, market being weak.
Do. Do.
Swatow,
Do.
1.
·
12
6.95
8.45
Do. Do.
#1
2, White...... 7.50 to
7.55
33
1, Brown...... 6.75 to
5.80
"
2, Brown...... 4.85 to
4.90
12.75 to 12.80
.........10.80 to 10.85
RICE.
Foochow Sugar Candy
Shekloong
Saigon, Ordinary.....
Siam, Field mill cleaned, No. 2
Round, good quality Long...
Garden,
"
White,
"
Fine Cargo
"
No. 1
"
"
$2.40 to $2.45 4.00 to 4.05 4.25 to 4.35
2.55 to 2.65 2.80 to 2.85 4.05 to 4.10 4.35 to 4.40
OPIUM. HONGKONG, 15th December, 1904.-Since 1st December, the movements in our various Opium markets have been as follows:-
Malva. Patna, Benares. Persian.
1,247 2,840 1,529 2,059 50 291 65
Stocks as per circular of
1st December, 1904. Dec. 3rd Imports per Bangal Dee. 7th
Ngủ sang Dec. 18th
& Apcar
R1
#E
Less Exports to Shanghal Less Exports to East and West Coast Ports including Local Consumption for the fortnight..
Estimated Stocks this day
875
100 93.5 60
1,622 3,225 1,654 2,350
155 285 145
180 582 380 313
1,807
2,378 1,129 2,037 Bengal-After declining to $1,125 for Patna and $1,105 for Benares, a speculative demand arose and prices advanced to $1147 for Patna and $1107) for Benares. We close quiet.
Malwa.-The market is quiet and the demand The following are about the quot- very small.
ations :-
New
$1,080
years old
$1,130
▾
8 4/5 Oldest
"
13
$1,160
"
$1,220
$1,260
Persian. Prices for good qualtity are steady @ $850/900
Quotations are :—
16th December. Allow'ce net. to I catty.
Malwa New
$1100
to $1130 per picul.
Malwa Old
$1170
to $1200
do.
Malwa Older
$1250
to $1270
do.
Malwa V. Old...
.$1300
to $1330
do.
Persian fine quality ...$880
to
do.
Persian extra fine... Patna New
.$900
to
do.
.$1125
to
per. chest.
-
to
do.
.$1100
to
do.
to
do.
Patna Old .....
Benares Now
Benares Old.......
-...་་་་་-
-
reported, say, Yellow Joss at $132, and Red Peacock and Three Rings at $140.
Raw Cotton Prices of both Bengal and China staples have, again tended in a downward direction, and we have to advise a further drop of $2 per Picul. Bengals are quiet with little or no inquiry, and the sale of 100 bales Thoongchow at $28 is the only business of the interval. There are in stock about 2,100 bales Indian and 760 bales China cotton. Quotations are Bengal $24 to $27, and China $27 to$29.
Exchange on India has steadily advanced in sympathy with the values of harsilver and closes firm to-day at Rs. 1481 for T/T and Rs. 143) for Post On Shanghai 71; on Yokohama 944.
The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 2nd instant, vis:—
Indian-A fairly large business has been done, sales amounting to 5,700 bales at a decline of half a Tael in Nos. 12s and 16s, and of a Tael and a half in Nos. 10s and 20s, market closing steady with an estimated unsold stock of 32,000 bales.
Japanese-Business is retricted by shortness of supply consequent on high prices ruling in Japan. Sales amount to 2,500 bales with basis of Tls. 941 to Tls. 101 for No. 16s, and Tls. 102 to Tle. 107 for No. 20s, prices showing an advance of nearly two Taels. Closing strong.
Local: The mills are working full time on their forward contracts, and fresh business doné has been the sale of 2,000 bales of a well known spinning on the basis of Tls. 92 for No. 12s, Tls. 94 for No. 14s, and Tls. 96 for No. 168.
MISCELLANEOUS IMPORTS. HONGKONG, 16th December.-The prices ruling are as follows:- COTTON YARN----
per bale Bombay-Nos. 10 to 20, ...$ 90.00 to $128.00 English-Nos. 18 to 24,
180.00 140.00 to 160.00 to 165.00 167.50 to 175.00 180.00 to 190.00
J+
I
22 to 24, 28 to 32, 38 to 42, Reported sales 10,000 bales. COTTON PIECE GOODS--
threy Shirtings-6 lbs. 7 lbs. 8.4 lbs. 9 to 10 lbs....
per piece 2.20 to 2.25 2.30 to 2.40 3.00 to 4.00 4.10 to 5.30
Borax
HONGKONG QUOTATIONS.
(Formosa)
HONGKONG, 16th December, 1904
Beans
$91
$14 @ 16
Camphor (China)
$117
.$120
Cassia (First quality)
.$21
(Second Oil.
H
.$14
.$161
**
$20 @ 37
.$335
$2) @ 5
$25
"
Cloves
Fennel Seed Oil Galangle..
Glus......
Grapes Ivory. Kismiss. Olibanum.. Rosa Oil Saltpetre.. Sandal wood.
Senna Leaves Sugar Candy. Vermilion..
Wax
Oil..
$9 @ 14 $350 @ 750 .$19
$5 @ 21 $60 @ 175 .49 @ 11 .$27 @ 30 :$300-@ 400
$2 @ 9 .$13
$75
81
$31 85
MISCELLANEOUS EXPORT,
For
Per steamer Preussen, sailed on 7th December. For Colombo:-21 rolls matting. For Aden :—500. bags sugar, 163 rolls chinaware. For Naples:- 100 bales waste silk, 5 cases essential oil Genoa-136 bales raw silk, 20 cases essential oil, 1 case silk. For Antwerp:-140 bales bamboo scraps. For Amsterdam:-109 half-chests tea. For Antwerp or Hamburg-100 cases bristles, 12 bales feathers, 5 cases human hair. For Bre men:-100 rolls matting, 5 cases bambooware. For Bremen or Hamburg-126 bales feathers, 8 cases chinaware. For Hamburg: 361 half- chests tea, 60 rolls matting, 55 cases essential oil, - 10 cases chinaware, 9 cases feathers, 8 cases tea, 3 bales feathers. For London:-200 rolls mats: For Copenhagen 250 cases cassia. For Buenos Ayres or Montevideo:-200 packages tea.
ON LONDON.
EXCHANGE.
FRIDAY, 16th Dec mber.
1/11/ 1/11
1/11/
.1/11/%
Telegraphic Transfer Bank Bilis, on demand Bank Bills, at 30 days' sight Bank Bills, at 4 months' sight...1/1 Credits, at 4 months' sight Documentary Bills, 4 months' sight 1/ 19% ON PARIS.-
Bank Bills, on demand Credits 4 months' sight.
ON GERMANY.-On demand
..242
2454
196
ON NEW YORK.-Bank Bills, on demaud467
Credits, 60 days' sight
.478
ON BOMBAY.-Telegraphic Transfer ...143
Bank, on demand
.1431
ON CALCUTTA.-Telegraphic Transfer..1434
Bank, on demand
143
ON SHANGHAI-Bank, at sight
Private, 30 days' sight
711
.721
941
.931
24 p.c. p.m.
...
..1151
IN YOKOHAMA:-On demand ON MANILA. On demand ON SINGAPORE.-On demand.. ON BATAVIA.-On demand ON HAIPHONG.-On demand ON SAIGON-On demand ON BANGKOK-Ou demand SOVEREIGNS, Bank's Baying Rate GOLD LEAF, 100 fine, per tael, GAR SILVER, per oz....
.14 p.o. p m.
i po. pm.
.6.14 $10.30 .854.50
2711