?
102
COMMERCIAL.
SUGAR.
HONGKONG, 10th Feb.-The prices are going upward, holders being firm. Shekloong, No. 1, White......$8.85 to $8.95 pols.
Do.
Do.
Do.
11
ور
2, White... 7.85 to 7.05
1, Brown...... 6.70 to 2, Brown...... 6.15 to No. 1, White...... 8.75 to
"
8.75
"
6.25
Swatow,
8.85
"
Do.
2, White...... 7.75 to
7.85
"
11
Do.
1, Brown...... 6.25 to
6.30
2
"
Do.
*
2. Brown ...... 6.10 to
6.15 .18.00 to 13.15 .........11.05 to 11.15
31
"}
Foochow Sugar Candy Shekloong
*
RICE. HONGKONG, 10th Feb. -The position of the market is nearly the same as when last reported, Saigon, Ordinary......
..........................$2.25 to $2.30
92
Round, good quality Long...
Siam, Field mill cleaned, No. 2
19
Garden,
White,
#1
**
Fine Cargo
No. 1
12
COAL.
3.95 to 3.90 3.95 to 4.00 2.60 to 2.65 2.75 to 2.80 4.05 to 4.10 4.30 to 4.35
Since
Messrs. Hughes and Hough, in their coal report of to-day's date, state that fourteen steamers are expected at Hongkong with a total of 52,800 tons of Japan coal and 8,500 tona of Cardiff. 25th January 35,600 tons of Japan coal and 26,000 tons of Cardiff coal have arrived, all sold. The market is quiet. Quotations :-
Cardiff....... Australian
Tabari Lump.
Miiki Lump
$18.00 8x-ship. .$11.00 ex-ship. $12.00 ex-ship, nominal $10.00 ex-ship, nominal
Moji Lump.. .$6.50 to 10.00 ex-ship, steady
盏
YARN.
Mr. Eduljee in his report, dated Hongkong, 10th February, says:-The Now Year festivities are in full swing in the interior, and no country. buyers have returned to market, but the few sales reported below may be considered as "Cum- plimentary" purchases by our local dealers, and being at irregular rates are no indication of the market. The outlook, however, is far from encouraging and in repeating late quotations we must advise that they are entirely nominal. Stocks are by no means excesive, but at an early date heavy addition of cheapercost goods is expected to be made thereto, and spinners in Bombay are pressing for orders.
Local Manufacture ---Continues quiet. Japanese Spinnings:-Nothing doing,
Raw Ootton-The market has become lifeless, and notwithstanding a concession in rates of $1 to $2 per picul, no great business could be induced, and small parcels, aggregating 280 bales superfine Bengal, are reported to have changed hands at $23 to $21. China kinds are quiet. Stocks 4,500 bales Indian, and 1,200 bales China. We quote to-day Bengal $18 to $22, China $19 to $23.
Exchange on India has continued to decline in sympathy with barsilyer, and at the close shows
a loss of 3 points. To-day's quotations, are: Es. 146 for T/T, and Rs. 1461 for Post. On Shanghai nominal, and on Yokohama 96.
The undernoted business in imported and local spinning is reported from Shanghai during the fortnight ended the 28th ultimo, viz :———
Indian-The near approach of the China New Year does not appear to have any perceptible
effect on the market, and sales of nearly 9,500 bales are reported at somewhat easier rates. The
unsold stock was estimated at 35,000 bales.
Japanese-The market is slightly firmer and sales of 2,000 bales are reported, No. 16s fetching Tis. 87 to 97) and No. 20s Tls. 92 to 100.
Local:-Small sales of about 1,500 bales are reported on the basis of Tls 83 to 84 for No. 108, and Tls. 80 to 84 for No. 128, Tla. 81 to 87 for No. 148, and Tls. 851 to 81 for No. 168.
PIECE GOODS.
Messrs. Noel, Murray & Co., in their report on the Shanghai Piece Goods Trade, dated Shanghai 2nd February, states:-What, it is hoped, will be the final struggle for supremacy in the North has commenced in earnest, and few people out here entertain any doubt as to what the result will be. The preliminary engagements so far reported indicate the fearful carnage that is bound to take place, and by the close of this week, or at all events just within the twelve months after the outbreak of hostilities, probably
THE HONGKONG WEEKLY PRESS AND
what will prove to be the deciding battle will have been fought and won. The natives here have not, and really never had, the slightest doubt as to what will be the outcome, and although now busy with preparations for their annual festivities, and not prepared to enter into fresh contracts with importers, have found time to turn over a consider- able quantity of their forward purchases to eager buyers for the North, more particularly New- chwang. It is these markets that will show most activity in the near future, and it is pretty certain that a very large proportion of the goods shipped up last year were for military purposes, and not to supply the ordinary consumptive demands of the country. To all appearances the year is clos- ing (to-morrow) satisfactorily to the great majority of these engaged in this trade. That they have the command of almost unlimited supplies of money has been amply demonstrated during the last week or so by their eagerness to take advantage of the favourable rates of exchange ruling, not
cents for
[February 11, 1995, w
HANKOW, February 1st, 1905: The prices: quoted are for the net shipping weight excluding cost of packing for export :— Cowhides, Best Selected
Seconds
Do.
Per pical TIs. 85.00
Buffalo hides, Best Selected Goatskins; Untanned, chiefly white color, Buffalo Horns, average 3-ths, each White China Grass, Wuchang and/or
Poochi...
Green China Grass, Szechuen ............ White Vegetable Tallow, Kinchow...... White Vegetable Tallow, Pingchew
and/or Macheng
White Vegetable Tallow, Mongyu Green Vegetable Tallow, Kiya................................... Animal Tallow
81.00
18.50
#
66,00
9.00
11.75
10.50
JU
9.80
"
9.00
8.25
By
11.00
10.00
»
17.00
*
18.00
(nom.)
81.00
*R 09
+
17
"
Wild Duck ...ai 19
25.00
8.00
12
4.00
"J
7.90
"
7.90
J
7.80
#3
9.00
"
Gallnuts, Usual shape.. Do. Plum do. Black Bristles
Turmeric
Sesamum Seed Seaamum Seed Oil Vegetable Tallow Seed-Oil Wood Oil Tea Oil
only to pay for goods already due, but to discount Feathers, Grey and/or White Duck bills against those not yet arrived! If the home markets will only abstain from supplying any low cost goods for three or four months, as there seems every prospect of their so doing, there should be no anxiety about the future, heavy as the immediate supplies promise to be, as ex- change must now have been settled against the bulk of the purchases to come forward a decline in the rates here to say 2s. 6d. would be very beneficial. The country merchants would then come in with a rush to buy. The Manchester mar- ket is a little uncertain, and there is some reason to fear may play us false. Not perhaps the >tandard markers, but there are so many Mills that could with advantage turn their attention to the wants out here if there was any encourage- ment. Canton however seems to have a slightly firmer tendency, the last Liverpool quotation for Mid-American being 3.78d., but subsequent tele- grams from New York quote 7.08 Ap il. For Egyptian there is a decline of td. to d. The New York market keeps very firm, the latest quotations for moderate quantities for March to May shipment being :-for 2.85 yard Sheetings 10s. 11d., 3 yard 10s. Id. to 10s. 3d., 3.25 yard 93. 5d. to 9s. 7d. and 8.50 yard 8s. 10d., and the real strength is shown by the addition of the sentence "later shipments on the same basis." The total figures for the January Export from Manchester are not yet in, but for the fortnight ending 27th ult. they amounted to 33,000,000 yards of Plain Cottons. Re-Exports to Chefoo, 1904. The usual annual comparative Table, again exhibits the gradual shrinkage of the trade, so far as this Port is concerned. This is naturally due to the better facilities Tsintau enjoys for catering to the requirements of the Pro- vince of Shantung, and which must increase now the Railway communicating with the chief inland cities is completed, Grey Shirtings held their own fairly well, but T.-Cloths, White Shirtings, American Drills, Jeans and Sheetings all show a serious falling off, as do Prints, Turkey Reds and other Dancy Dyed goods. How far this is made up by any increase in the off-take of Kinochou will be shown by the figures for that Port which will be published next week. Piece Goods.—Busi- nese from first hands has again been very limit-sellers at $31. ed, neither are so many resales of Manchester goods reported. To-morrow being the last day of the Native year it was thought advisable to dis- pense with the Yuen-Fong Auction to-day. A
SHARE REPORTS. HONGKONG, 10th February, 1905.-There has been no apparent change in the general condi- tion of our market since the re-opening after the Chinese New Year holidays, and though rates close fairly steady, there are few fresh transactions to report for the interval under review. Money still continues tight, rendering it difficult to finance new business, whilst on the other hand the rates now ruling are in many cases too low to tempt holders to self.
BANKS.-Hongkong and Shanghais have been imported from the North at $715, the local rate closing steady at $720 with probable small buyers. London is unobanged at £75. There is no change to report in Nationals.
small sale took place at Ewo yesterday at which there was no change of any importance. Cottons on the whole were fairly steady, and Camlets and Long Ells were mostly firmer. Privately a small business has been done in fine White Shirtings both from sock and to arrive, but it does not amount to much. In Fancy Goods a retail de- mand is met with occasionally for specialities, but nothing of importance has transpired. For
American goods there is quite a good demand for the North via Chinwangtao, and orders having been received for shipment immediately after China New Year, a fair quantity have been bought in readiness, comprising: 5,000 bales sheetings Tis. 4.80 to Tls. 4.90 for 2.85 yard, Tls. 4,75 for 3 yard, and 4.30 for 3.25 yard, and 1,000 bales 30 yard Beaver Jeans at Tls. 3.75, also Drills at 4,50 for Massachusettes, and Tis, 4.80 for Pep perells. It is reported the last named are selling in Newchwang at Tls. 8.00, which, taking the difference in Exchange, freight, and transport, is equal to about Tls. 5.50 here,
MISCELLANEOUS EXPORTS.
Per M.M. steamer Ernest Simons, sailed on "the 7th February, For Marseilles-100 bales waste
silk, 18 bales human hair, 1 case silk piece goods, cases ylang ylang oil, 1 case hats, 1 package tea, 1 case provisions.
|
MARINE INSURANCES.--Unions are unchang- ed with sellers at $69). Cantons are procurable at $260, and China Traders at $58). North Chinas continue on offer at Tls. 95. -
FIRE INSURANCES.-Chinas have again been booked at $93, and Hongkongs at $340, the latter closing with probable buyers.
HIPPING. Hongkong, Canton and Macaos are firmer with sales and further buyers at $26. Indo-Chinas have been booked at $124 and $125 closing steady at the latter rate, whilet Shang- bai wires Tls. 90 buyers. Douglases have been booked at $34 and $334, and more shares are wanted at the latter rate. China and Manilar,
i
Star Ferries, and Shell Transports are un- changed and without business,
REFINERIES-China Sugars have improved to $227 with sales and probable buyers. Luz ns continue in request at $221.
1
MINING. Raubs have sold, and have further
DOCKS, WHARVES, AND GODOWN8. Hong- kong and Whampoa Docks, after sales at $208 have improved to $210 with small buyers. Hongkong and Kowloon Wharves are easier with sellers at 8104 old, $101 new. Shanghai and Hongkew Wharves, which we now add t our list, are wanted in the North at Tis. 135 (old)- and Tla, 1824 (new). Farnhams are in request at Tis. 150.
LANDS, HOTELS, AND BUILDINGS.—Hong-
kong Lands continue on offer at 8134, and West Points at $57. Kowloon Lands can be placed at $37, and Shangbai Lands at Tls. 116. Hongkong Hotels have been booked at $141 closing steady. Humphreys Estates have been booked at $12.10 ex the dividend of 90 cents per share for 1904 paid to-day, and more shares are procurable.
COTTON MILLS.-Ewos have declined to Tls. 23. Hongkongs olose steady with a small sale reported at $13.
MISCELLANEOUS. Green Island Cements have sold, and more shares are wanted at $285. Flectrics have been booked at $15 for the old and $9 for the new, and more shares are pro- ourable. Ices are firm at 3255 buyers. Powells are easier at $124 sellers.
MEMOS-Hongkong, Canton, and Macao Steamboat Co., Ld., ordinary half-yearly meet- ing on the 14th instant. Hongkong and Wham- pua Dock Co., Ld., ordinary yearly meeting on Hongkong Ice Co., Ld,
the 20th instant.