June 3, 1905.]
SHARE REPORTS.
HONGKONG, 2nd June, 1905.-We have no improvement to report in the market; in fact, with a continuation of the dullness reported in our last, and in consequence of the continued tightness of money among the Chinese, added to a slump in one of our chief speculative stocks, we have to record a decidedly weak market. The business during the week has been un- important, owing chiefly to the scarcity of buyers for either investment or speculation. With brighter prospects of peace, owing to the disappearance of the Baltic Fleet Bogey, how- ever, and a reported "better feeling Chinese Mercantile circles, we may reasonably hope for an improvement in the market, even if it proves to be a slow one.
in
BANKS. Hongkong and Shanghais ruled weak in the early part of the week in sym- pathy with a further drop in the London rate to £78 10s,, and shares were unsaleable at $790, later, however, with the sudden recovery of the London market to £80, our market improved and sales were effected at $792; and $795, the market closing steady at the latter rate. Nationals remain unchanged but continue in demand without further sales at $37.
MARINE INSURANCES,—Unions remain un. changed and without business. China Traders, after further sales at $61, advanced quickly with but a small business at intermediate rates to $64, the market elosing firm at that rate. Cantons have also advanced without business to $320, at which rate sellers still hold back. Yangtszes and North Chinas remain unchanged and neglected.
FIRE INSURANCES.-Hongkongs have chang ed hands in small lots at 8300, and close with a few more shares offering at the rate, while a larger lot is reported at a slightly lower rate. Chinas are still enquired for at $86, without bringing any shares on the market.
Indo-
SHIPPING-Hongkong, Canton and Macaos bave been placed at $27 in fair lots. Chinas, with persistent rumours, chiefly from Shanghai, of a smaller dividend that was generally anticipated, have ruled very dull, and after a few sales in the early part of the week at $123, it was impossible to place shares or even to give a reliable buying quotation. was quickly even accentuated
CHINA OVERLAND TRADE REPORT.
Closing quotations are as follows:-
COMPANY
Alhambra Banks
7
PAID UP. QUOTATIONS.
$200 $100, buyers
Hongkong & S'hai... $125 {
National B. of China) Bell's Asbestos E. A... 12s. China-Borneo Co...... China Light & P. Co.) China Provident Cotton Mills-
Ewo... Hong song International
Laou Kung Mow Soychee
Dairy Farm
Docks & Wharves-
£6
$795, London, £80. $37, buyers
6d.
[851, buyers $12 $13, sellers 310 89, buyers $10 $8,60, buyers
Tls. 50 Tls. 37,
$10 $16, sellers Tla. 75 TIs. 37), buyers Tls. 100 Tls. 40 TIs. 500 Tls. 180, sellers
$6 $17, sellers
Farnham, B. & Co... Tls. 100 Tls. 160, buyers H. & K. Wharf & G. $50 $103, buyers H. & W. Dock
New Amoy Dock
850 $202, sellers
$61 $20, sellers
$25 833), buyers
S'hai & H. Wharf... Tls. 100 Tls. 187) Fenwick & Co., Geo... G. Island Cement. Hongkong & C. Gas... Hongkong Electric...
Do. New....... H. H. L. Tramways... Hongkong Hotel Co.... Hongkong Ice Co....... Hongkong Rope Co... H'kong S. Waterboat Insurance —
Canton China Fire. China Traders
Hongkong Fire. Notch Cuina.. Union.. Land and Buildings-
Yangtsze
H'kong Land Invest. Humphreys' Estate Do. New
Kowloon Land & B.
Shanghai Land. WestPoint Building Mining-
Charbonnages "Raubs..... Philippine Co.
Refineries--
China Sugar Luzon Sugar..
The weakness of our market reflected to Shanghai and there, the model settlement freely offering us shares both for cash and time at greatly reduced Steamship Companies rates and succeeding in placing a limited number at Tls. 3 for July. The weakness has been explained to-day by a telegram from London, announcing that the directors recommend a dividend of only 128. i.e. 6 per cent. on the capital. The announcement has been received with great disappointment by China share- holders and has further depressed a weak market. It is difficult to give a closing quota- tion in the absence of buyers, and $117 must be considered quite nominal. The latest quotation from London received on the 31st ultimo was £12. Shells have been placed at 228. 63. We have nothing else to report under this heading.
REFINERIES-China Sugars have changed hands at $221 for the settlement, and Luzons are still in demand at $30 without bringing any shares on the market.
MINING. Nothing to report. DOCKS, WHARVES, AND GODOWNS.—Hong- kong and Whampoa Dooks continue neglected with a tendency to weakness at $202. Kowloon Wharves are enquired for at $103, with no business to report. New Amoy Docks have again receded to $20 with sellers. Farnhams have gradually improved during the week to Tls. 160 and Hongkow Wharves to Tls. 1871.
LANDS, HOTELS AND BUILDINGS.-Hong- kong Lands have been placed during the week at $122, and close fairly steady at that rate. Kowloon Lands, West Points and Hongkong Hotels remain unchanged with sellers and no sales to report. Humphreys' Estates have been placed in small lots at $13. Shanghai Lands have advanced to Tls. 120 with buyers.
COTTONS MILLS.-No changes or business to report.
MISCELLANEOUS. With the exception of sales of New Laundries at $74 (fully paid up), and an advance in Hongkong Tramways to $217) we have nothing to report under this heading.
China and Manila... Douglas Steamship H., Canton & M. Indo-China S.N. Co. Shell Transport Co. Do. Preference... Star Ferry
Do. New..... Shanghai & H. Dyeing South China M. Post. Steam Laundry Co....
Do. New... Stores & Dispensaries. Campbell, M. & Co. Powell & Co., Wm. Watkins.. Watson & Co., A. S. United Asbestos...
$10 $26, sales & sel.
$5 $17, sellers £10 3160, buyers $10 817, buyers
$5 $11, sales & buy. $100 $217, buyers $50 18145, sellers $25 $2421 $50 $152 $10 $171, sellers
$50 $320, buyers $20 $86, bryers $25 $64, buyers $50 $300, sales
£5 Tls, 82 $100 $695, sellers
$60 $160
351
1604 and 160; September Tis. 182. On 23rd cas shares at Tls. 166 and 156. May 1581; Augus and September Tls. 161; October Tls, 162 and 1614. On 24th May shares were placed at Tls. 155; July at Tls. 157 and August Tls. 161 and 160. The market closes steady with buyers at Tls. 155 for cash and at the last quotations for forward deli. very, Yangtze Wharf and Godowns have been placed at Tls. 190 and at 192. S. & H. Wharf. Tls. 200 for October; Tls. 190 July; Tls. 191 August and Tla. 188) cash. Sugars.-Peraks have been placed at Tls. 65 for cash and Tls. 87) for June; Tls. 70 September. Mining.-Chinese Engineer- ing and Mining Co. shares have been placed at Tls. 7.35. Weihaiwei Golds at 5.50. Lands.-- Shanghai Lands. A number of transactions have taken place at 118.50. Industrial-Ewos have been placed at Tls. 36 and 36.25. Laou-kung-mows at Tls. 40. All other cotton stocks remain un- touched. Paper and Pulps have been placed at Tls. 160 cash and for May. Major Bros, at Tls, 65 and Ice shares at Tls. 26. Langkats. The mar- ket opened at the beginning of the week with sales for cash at Tls. 220, but rose on the 22nd to Tis. 225 and on the 24th sales at Tls. 227 were re- ported. Sales have been effected for May delivery at Tis. 222) and 225. June Tls. 225/271 and 230. July Tls. 227 and 230 August Tis. 230. Sep- tember Tls. 232) and October Tls. 235. At closing there are buyers for cash at Tls. 225; sellers at Tla, 227 and sellers at the last quotations for for- ward delivery. Sumatras changed hands at Tls.
68.
Stores and Hotels.-Hall and Holtz at $26; Weeks $20 and Astor House at $34. Miscellaneous. -Telephones have been placed at Tls. 68 and 67. Loans and Debentures.-Shanghai Land 54 per cent, at Tls. 92.
ON LONDON.—
EXCHANGE.
SATURDAY, 2nd June.
Telegraphic Transfer Bank Bills, on demand
Bank Bills, at 30 days' sight
Bank Bills, at 4 months' sight...1/10
.1/10%
.1/10t
1/107%
$100 $122, sellers 310)
Credits, at 4 months' sight.......1/10 Documentary Bills, 4 months' sight 1/11
$13, sales & sellers ON PABIS.-Bank Bills, on demand
...234
Credits 4 months' sight
2371
..191
ON NEW YORK.-Bank Bills, on demand45
Credits, 60 days' sight
461
ON BOMBAY.-Telegraphic Transfer
.139)
Bank, on demand
139
$10
$30 $40, sellers
Tls. 50 Tls. 120, buyers $50 $55, sellers
Fcs.250 $490
18/10 $3, sellers
$10 $91, sellers
$100 $221 $100 $30, buyers
$25 $211, sellers $50 $35, buyers $15 $27, sales £10 $117
ON GERMANY.-On demand
ON CALCUTTA,-Telegraphic Transfer 139
Bank, on demand
ON CHANGHAI.-Bank, at sight..
Private, 30 days' sight
UN YOKOHAMA.-On demand ON MANILA.-On demand ON SINGAPORE,-On demand. ON BATAVIA.—On demand ON HAIPHONG.-On demand
£122/6, sales & sel. ON SAIGON-On demand..
£10 £8, 10s.
$10 $35, ex div.
$5 $27, ex div. $50 $50
$25 $23, sellers $5 $8, buyers $3 $7, sales
$10 $36
$10 $114, sellers $10 $8, sellers
$10 {
$12.75, ex div., sel. $12.75, ex div., sel, $4 $9) $10 $180
Do. Founders!
VERNON & SMYTH, Brokers.
Messrs. J. P. Bisset and Co.'s Share Report for the week ending May 26th, 1905, states:- The past week has been rather quieter in share dealing, this largely owing to a sudden tightness in the money market. This we expect, however, will be soon relieved, as heavy shipments of bul- lion are on their way. The T.T. rate on London to-day is 2/71. Banks,-Hongkong and Shanghai Bank. A transaction is reported locally at $787.50, ox. 73. Marine and Fire Insurance. No business reported. The market is weak with sellers for cash reported. Shipping.-Indo-Chinas. No business
at Tls. 88.
ing the dividend for the past year is daily expected. News of the directors' decision regard-
Shanghai Tugs. *Ordinary shares have been placed at Tls. 58 and Preference at 47. The latter are wanted at even a trifle over this rate. There are sellers of ordinary shares at Tls. 60. Dooks and Wharves.-S. C. Farnhams. The market opened with sales for June at Tis. 159. Sales were of- fected for May at Th. 157; July Tl. 1614 and 181. On the 20th cash shares changed hands at Tla. 157. On the 22nd for cash at Tla. 155;; July Tis. 180,
ON BANGKOK.—On demand
SEVEREIGNS, Bank's Buying Rate. GOLD LEAF, 100 fine, per tael BAR SILVER, per oz.
TONNAGE.
51p.c.pm.
1391
71
.72
911
91
..1111
lip.o.pm.
.14 p.o.pm.
613 810.60 .855.40
26%
HONGKONG, 2nd June.--Business' continues very dull, with only a limited demand for tonnage. From Saigon to Hongkong, 9 cents per picul has been paid for small parcels; to Fhilippines, two handy sized steamers have been closed at 31 cents per picul, and there is further demand in this direction; to Japan and Java, no inquiry. From Java to Hongkong. 25 cents nominal. Bangkok to Hongkong, no change. Coal freights. The prohibition of the export of coal, from Japan has been removed. No fixtures from Japan have been reported.
The following are the settlements:- Heathbank--British steamer, 2,088 tons, Hongay to Penang (3,000 T.), at $3.50 per ton.
Bjornstjerne Bjornson-Norwegian steamer, 736 tons, Hongkong to Kobe, $4,500 in full.
Taishan British steamer, 1,122 tons, Saigon to Cebu (30,000 piculs), 31 cents per pical.
Brunhilde German steamer, 872 tons, Saigon to 1/2 ports Philippines, 31 cents per pioul.
Promise-Norwegian steamer, 713 tons, monthly 6 months, at $7,000 per month.
FREIGHTS.
From Hankow per Conference Steamers.-To London and Northern Continental ports (via Shanghai) :-48/- plus river freight. To Genoa, Marseilles or Havre (via Shanghai) :--Tes and General Cargo 41/6 plus river freight. To New York (overland) :-Tea G. $14 cents per th. gross plus river freight. To New York (via Bues)- Tea and General Cargo 37/6 per ton. To Shang- waight or measurement. hai Tea and General Cargo Taels 1.80 per ton