366
COMMERCIAL.
TEA.
HANKOW, 31st May.-Business reported since the 24th inst,, is as under :--
Settlements
1906.
-Chests.
1904. -Chests.
133,071
128,687
Consisting of the following Teas :—
Ningchows
Khemuna
Oopacks
Oonams
Oonfaas.
Seang-tams.
-Chests
.18,536 at Tla. 80.00 per picul.
.22.537 at 'l'ls. 87.00 .31.871 at Tls. 25.50 .34.864 at Tis. 25.50 .29.9641 at Tis. 36.86 .792 at Tis. 17.00
+
**
"J
"
21
JJ
The following are the statistics at date compared with the corresponding circular of last season viz, 1st June, 1904-
1905.
HANKOW Tea,
-Chests
Settlements
104,714
Stook
128,044
Arrivals
232,758
KIDKIANG TEA.
Settlements... Stock
Arrivals
SILK.
1904. -Chests. 293,825 41,260
835,086 1905. 1904. -Chests. -Chests. 69,623 185,762 68,975 47,133
188,598 182,895
CANTON, 20th May, 1905.-First Crop.-Many filatures have abstained from buying 1st Crop Co- thereof and coons, owing to bad "rendement very high country values; for this reason a large part of this crop will be used for "Market Cargo" and native consumption. Second Crop.-Is ex- pected to be much largar than that of last year. Long-reels. At the beginning of the fortnight some business was done forward deliveries, mostly in Market Cargo"; but generally contracts have not been made to so large an extent as previous years. The spot cargo in 5th/6th/7th crops is very scarce: about 600 bales.
At the close the market
is quiet with a weak tendency. From sales made we quote: Fils.-Wing Cheong Sing 11/13 at $940; Wing Wo Lun 9/11 at $935; Wing King Lun 9/11 at $980; Kai Lun Cheong 10/11 at $920; Kwong Shun Cheong 11/13 at $900; Hang Wo Cheong 11/13 at $875; Wai King Wo 18/22 at $786. Short-reals. Are still in marked favour both for Filatures and Bereals. Some contracts have been booked for forward deliveries (mostly in Fils. Extra A. 14/16 and Rereels No. 4) at irregular prices according to the feeling of holders. The stock of 5th and 6th crops is entirely exhausted. Waste Silk-Bules very dull, buyers and sellers remain in different. Stock of Bilk in Canton: 600 bales.
SUGAR.
HONGKONG, 9th June.--The prices are slightly advancing, holders being firm. Shekloong, No. 1, White..... $8.95 to $9.05 pels
2, White...... 7.55 to .1, Brown..... 6.35 to
Do.
Do.
Swatow,
#
7.00
6.40
22
#
Do.
2, Brown...... 6.06 to No. 1, White
6.10
8.75 to
8.80
>
Do.
7.40
1
Do.
1, Brown...... 6.05 to
6.10
*
31
..12.55 to 12.60 .11.76 to 11.80
"
2, White. 7.33 to
Do.
2, Brown 5.65 to 6.70 Foochow Sugar Candy. Shekloong
RICE.
HONGKONG 9th June. The prices are going downward, market being dull. Saigon, Ordinary...
12
Round, good quality
Long...
.$2.60 to $2.66 4.00 to 4.05 4.15 to 4.20 Siam, Field mill cleaned, No. 2 ...... 8.15 to 8.20 No. 1 8.36 to 8.40 4.20 to 4.25 4.85 to 4.40
per picul.
do.
Garden.
L.
"
White,
*
Fine Cargo
OPIUM.
Quotations are:-----
Malwa New
HONGKONG, 10th June. Allow'ce net to 1 catty,
to .$1150
Malwa Old
..$1200
to
Malwa Older
........$1260
to
do.
Malwa V. Old..
$1340 to
to
do. do.
Persian extra fine..
.$1000
to
do.
Patna New
$1130 to
Patna Old
to
do.
Benares New
$1100
to
do.
-Benares Old..
to
do.
Persian fine quality ...$980
2 3 3 3 3 2 3 3 3
per chest.
1
HONGKONG WEEKLY PRESS AND
COTTON. HONGKONG 2nd June:-Very small sales, mar. ket quiet. Stock about 4,000 bales.
Bombay...
$19.00 to 21.00 per pel. Bengal(New), Rangoon 2000 to 23.50)
}
and Dacca
Shanghai and Japanese, 25.00 to 26.00 Tungchow and Ninspo, 25.00 to 20.00 Reported sales 150 bales.
PIECE GOODS.
11
Messrs. Noel, Murray & Co., in their Report on the Shanghai Piece Goods Trade, dated Shanghai, 2nd June, 1905, state: Immediately after the publication of our last Report Shanghai was start- led by the news of the actual presence of part of the Baltic Fleet within the mouth of the Yang- taze. It cannot be said, however, that it created ally great consternation amongst the trading classes here, the markets having been in such a state of quietness already, in anticipation of the coming settling day; and the delay in the arrival of steamers from the North was attributed to natural causes. The events that have since fol- lowed in rapid succession are now a matter of his- tory, although full particulars are still lacking of the marvellous manner in which the sea power of a great Nation has been wiped out in a short forty-eight hours. Naturally the speculation is now what effect this crushing defeat will have on the War? Will there soon be Peace? Or will the struggle be carried on in a dogged, vindictive spirit, with the real object of detracting somewhat from the attention that would otherwise be inevi tably paid to internal dissensions in the home land? It has certainly been a terribly blow to the partisans of Russia, and if it is followed, as many believe it will be, by as crushing a defeat on land in the battle already in progress, their hopes of any ultimate success must surely be dashed to the ground. The termination of hosti- lities and a return to the healthy and legitimate channels of trade is devoutly to be desired. That of course must take time, but in the meanwhile the country would be re-opened and a much needed impetus given to commerce that has already suf- fered severely, and is likely to do so to a greater extent if goods continue to accumulate here as they are doing at present. Fortunately the bulk of the cargo has been imported on Native account, nevertheless it is seldom the importers do not have to bear some of the cost of carrying it, and in these days of small, commissions that is a very serious item. The market has undergone no change during the interval, remaining as quiet as it well could be. Steamers from Tientsin, the only outlet that was showing any signs of life, have apparently been delayed, and so no written ad- vices have come to hand concerning the position there. Newchwang is still waiting for facilities to transport goods into the country, and in the meantime nothing further is shipped up. Not more than six steamers have cleared for that Port
during the last forty days, and they took mostly chow chow cargo. The River trade is s ill in a slug- gish state, especially Hankow, and consequently clearances all round have been poor. There is not likely to be any improvement until after the 7th June, although prices at Auction this morning show considerable recovery from last week, but it was scarcely perceptible in the sale yesterday, Exchange has been puzzling the importer lately, and, with conflicting advices.regarding the Lon- don Silver quotation this morning, some uncer- tainty has arisen concerning the effect this latest Russian defeat will have on the money market. The general opinion seemes to he that Sterling rates must decline and a good many remitters are settling their Exchange forward. Telegrams from Manchester continue to report the market as strong and hardening, quotations for some of the leading staple marks being considerably higher, and consequently there is little doing for China; but India is active. The price of Cotton is going up, the latest quotations in Liverpool being 4.69d. för Mid American and 7d. for Egyptian. The ex- port keeps more moderate, being nineteen million From yards for the fortnight ending 26th ult. New York telegraphic advices have been scarce, and the usual Cotton quotations have not come to hand so far this week. Without any increase in the business doing there is a decidedly firmer feeling in the Yarn market, and a feature of the week has been a large forward contract by one of the Local Mills that will keep them going night and day until the end of August. Cotton is slighly easier. Piece Goods.-Forward business is still in abeyance. Manufacturers in both Lancashire and the States showing more independence than ever, the terme now offering being more exorbit- ant than before, especially when it is consideedr
i
(June 12, 1905,
that the question of Exchange Afteen to eighteen months ahead must be a very dangerous proposition to tackle. The advance in Catton at home is very
opportune, and will serve to keep manufacturers within bounds, preventing them from underselling their forward contracts, a practice that must be guarded against and stamped out as all costs.
AMOY CUSTOMS RETURNS. JUNE 7TH, 1905. List of the principal goods passed through the Amoy Custom House from 27th May to 2nd June, 4 p.m., 1905 :----
IMPORTS.
GOODB
Cotton Raw, Indian
- Native
Yarn..
Shirtings, Grey.
T-Cloths
Shirtings, White.
T. Red Shirtings.. Drills
Shirtings Dyed, Brocades.
Dyed
Damasks Camlets
Lasting
Spanish Stripes
"
pls.
QUANTITY
29 245
899
"
880
275
#
769
DJ
152
83
55
136
1
298
71
54
**
45
yda.
93
pla.
1
183
V
6
#
356
#
5
48,166-
11
Benares
41:
11
Persia
14
+
2
*
Szechuan Yunnan Kiangsu
66
**
88
JJ
2
"
1,549
75
#
Lustres, Figured. Lead, in pigs Tin, in slabe
Iron, Nail rod Quicksilver Iron, Old Ironwire
Rice
Opium, Patna
*
Malwa..
Sesamum Seed Sapanwood Sandalwood
Rattans
Wheat Flour
Beancake
Beans and Peas Bicho de Mar Mats Tea
Oil, Kerosine American.
Coal
ני
185
50
"
1,457
687
"
1,440
t
7,255
+
gals.
Bulk
d
113
pcs. 21,050
,, 32,600 tons.
pls. 1,352
QUANTITY
¡
Tobacco Leaf Vermicelli.
EXPORTS. Goods
pls. 737
17
1,978
2,100
"
Sugar, White
Brown Candy Hemp Bags
Sacking. Paper I Quality.
II
Tobacco, Prepared Kittysols (umbrellas)
pcs. 8,500
11,650
pls. 350
74
119
pcs.
MISCELLANEOUS EXPORTS. HANKOW, May 31st, 1905: The prices quoted are for the net shipping weight excluding cost of packing for export :----
Cowhides, Best Selected
Seconds
Do.
Buffalo hides, Best Selected Goatskins, Untanned, chiefly white color Buffalo Horns, average 3-lbs, each White China Grass, Wuchang and/or
Poochi. WhiteChinaGrass, Sinahanand/orChayu Green China Grass, Szechuan Jute
White Vegetable Tallow, Kinchow. White Vegetable Tallow, Pingchew
and/or Macheng White Vegetable Tallow, Mongyu Green Vegetable Tallow, Kiyu... Animal Tallow Gallnuts, Usual shape....
Do. Blum Tobacco, Tingchow Do. Wongkong Black Bristles Feathers, Grey and/or White Duck
Wild Duck
"
do.
#2
Turmeric Sesamum Seed Sesamum Seed Oil Vegetable Tallow Seed Oil
Wood Oil Tes Oil
Per picul. Tls 34.50
30.50
}
17.00
""
"
65.00
8.50
11
12.00
*
11.00
31
13.00
"
4.75
*
9.00
11
8.80
*
8.00
1
11.00
9.50
++
17.30
18 30
"
7.50
9.00
•
"
110,00
21
(nom.)
"
11
•
8.50
4.25
#
"
8.00 (nom.)
"
23
795
(nom.)