7
42
COMMERCIAL.
TEA.
!
THE HONGKONG WEEKLY PRESS AND
COAL.
Messrs. Hughes and Hough, in their Coal Report of June 30th, state that 11 steamers are
HANKOW, 5th July.-Business reported since expected at Hongkong with a total of 30,600 tons the 28th ult., is as under :
1905. -Cheats. 11,474
1904.
Chests. 25,232
Consisting of the following Teas
1-Chests
Settlements
Ningchows..
Oopacks
Oonams
Oonfaas (Seang-tama
3,601 at Tis, 32.00 per picul.
235 at Tls.
1,389 at Tis. 18.60
14
5,852 at Tls. 20.00
897 at Tls.
The following are statistics at date compared with the corresponding circular of last season, riz., 6th July, 1904-
1905.
HANKOW TEA.
J-Chests
Settlements...
847,408
Stock
54,047
Arrivals
401,450
1905.
KIUKIANG TRA,
-Chesta.
Settlements...
158,200 25,366
181.626
Stook
Arrivals
SUGAR.
1904. -Chests. 485,070 28,891
313,961
1904. Chests. 189,794 18,440
208.234
HONGKONG, 14th July. The upward tendency continues, holder's being firm. Shekloong, No. 1, White.... $9.05 to $9.10 pols.
2, White. 7.70 to 7.75
Do.
r1
Do.
Do.
33
1, Brown...... 8.35 to 2, Brown...... 0.15 to No. 1, White 9.95 to
6.40
6.20 9.00
Do.
[P
Do.
swatow,
Do.
2, White...... 7.60 to 7.66 1. Brown. 6.10 to 6.15 2, Brown
5.80 to 6.85 12.45 to 12-50 ....11.90 to 11.95
Foochow Sugar Candy. Shekloong
**
RICE. SAIGON, 30th June 1905. Messrs. Wm. G. Hale & Co.'s circular, states:- Supplies from the in- terior are falling off largely, and the few small sales effected lately have sufficed to harden the market, which closes with an upward tendency. We quote for July/August delivery.
No. 2 White sifted (trie)
steam milled (mixed)
No. 2 White unsifted (ordinaire)
steam milled (mixed)
$1
"
#
*
#
"
per picul.
$3.80 $3.42
6% Cargo steam milled (mixed) 10.%
$3.35 20 %
$3.27 The following is a statement of this year's ⚫xports of White Rice, Cargo Rice and Paddy :
Destination.
Total Piculs.
575,900 34,100 703.200 159,100 666,100 882,800
Hongkong
Vladivostock
Manila
Cobu
Japan
Singapore..
Cheribon
Noumea
Batavia....
Sourabaya
Madagascar
Reunion
Europe
2,800 85,300 19,900 55,800
167,700
62,500
59,000 999,200
Total.... 4,423,200
OPIUM.
HONGKONG, 13th July, 1905.- Since the 29th ultimo, the movements in our various Opium
markets have been rs follows:- Stocks as per circular of
29th ultimo, 1905.. Judy Brd Imports per Lightning
Lai Sang 22nd
77
17
Less Exports to Shanghai Lest Exports to Fast and West Coast Ports including Local Consumption for the fortnight..
Malwa. Patsa Benares. Persua
1,158 2,946 941 1.463
390 895
2015 160
1,153 3,671 1,900 1.402
112 578
1,034
132.09
3,093 1,174 1,391
Estimated Stocks this day
Bengal. The market is quiet at $1,1171 for Patna and $1,072] for Benares.
MalwaThe market is quiet and rather weak at the following quotations :
New
years old
2
3
$1,200 $1,200 $1,375
25
4/5
$1,400
*1
Oldest Persian, Market is steady.
$1,420
1
of Japan coal, and 9,800 tons of Indian coal. Since June 30th 17,500 tons of Japan coal have arrived. The market continues weak with sellers and no buyers. Quotations:-
Cardiff.
Australian Yubari Lamp. Miiki Lamp
Moji Lump...
$15.00 $16.00 ex-ship. $11.00 $12.50 ex-ship. $12.00 ex-ship, nominal $11.00 ex-ship, nominal .*9.95 to $9.50 ex-ship, quiet.
YARN.
Mr. Edulje, in his Report, dated Hongkong
14th July, says: -The fluctuations in Bombay consequent on the sharp advance in the values of raw cotton in America, have been reflec ed in A brisk business has been our local market, done, and sales to the extent of 10.231 bales are reported. Most of these sales were affected in the early part of the fortnight and include a large proportion of purchases by a sanguine native dealer who has been operating extensively for a rise. Prices have been pushed up $1 to $4 per bale, but are weak and unsteady at the close. The demand has run upon almost all counts, No. | 10s attracting most attention and profiting large ly in the improvement. No. 16s of best quality are saleable at higher prices, but lower grades con- tinue neglected. The off-take during the inter- val has kept pace with receipts and our estimate of stock continues unchanged.
Local Manufacture :---Sales of 500 bales No. 10s at 8110 to $111, and of 400 ales No 128 at $114, all forward delivery, have been reported,
Japanese Yarn:-Nothing doing, market being hare of stock.
Raw Cotton:-There has been a fair demand for local consumption and a slight improvement of 50 cents to $1 per picul has taken place in Indian dis- criptions. Holders generally have been les af- fected by advances on the other side, proferring to meet any reasonable demand here, and sales of 1,300 bales superfine Bengal have been put through at from $23 to $251, learing a stock of about 5,000 hales on the market. In China kinds some 250 bales Thoongelow are reported to have changed hands at $25 to $261; stocks 300 bales. Quota tions are Hengul $22 to 826 and China $22 to $27. Exchange on India after slight fluctuations. closes to-day at Rs. 141; for T/T and Ra. 141] for Post. On Shanghai 71 and on Japan 924.
The undernoted business in imported and local spinnings is reported from Shanghai during the fortuight ending 1st iustant, viz:-
Indian:-There has been some free buying for the Newchwang and River markets and prices have advanced to 2 taels, No. 10s continuing to form the bulk of the settlements and showing the largest advance. Total settlements reported are 7,398 bales with an estimated stock of 60,070, Close strong.
JapaneseThese threads have participated in the improvement, but shortness of supplies cou- tinues to affect business. Total settlements about 2,500 bales on the basis of Tls. 94 to 102 for No. 168, and Tls. 105 to 109 for No. 20s. Close firu).
Local-A stronger feeling has prevailed and new contracts of 2,000 bales No. 148 at TIs. 901 have been entered into, prices showing an Advance of 8 trels.
PIECE GOODS.
Messrs. Noel, Murray & Co.'s roport on the Shanghai Piece Goods Trade, dated Shanghai. 6th June, 1905, states:-The news of the further advance in cotton has been received here more with satisfaction than the excitement that is re-
|
[July 15, 1995.
have been disposed of satisfactorily. This has had a decidedly good effect on the market, and it is looked upon as a commencement of the better state of auairs, from the trading point of view, so long desired. The fighting in Manchuria, however, is progressing very slowely and there is no telling whether the better transport facilities will be available for long it seems impossible to get any intelligible or reliable report from Foreign firms doing business there. The Tientsin trade is progrossing quietly, but the dealers here are complaining that the Merchants there are endea- vouring to put on the screw.and seem inclined to hold out for lower prices, which, however, under present conditions should not be forthcoming. Hankow continues to be the great disappointment of the trade, and goods sent there are losing heav ily. Clearances are not altogether unsatisfactory, bat might be a good deal better, and probably would have been but for the bad weather. As a result of the excitement in Liverpool, where cot- ton havs gone up to 5,89d. for Mid. American and 74d, for Egyptian, the Lancashire manufacturers are refusing to quote for forward business-and why should they considering the enormous orders they have booked for the rext twelve months. The export for last month of plain cottons was 42,000,000 yards and 1,700 bales of yarn. York has naturally followed the advance in cotton and quotations are higher than ever for domestics. For 4 yard Sheetings 10s. 114d. is about the aver age price asked for January-March shipment, but an offer to buy at that immediately brought back. the reply that Tls. 14 was wanted. We under- stand some drills were settled early in the interval at more reasonable rates. Stocks. he Secretary of the Chamber of Commerce complains that the Returns are coming in very slowly. This is un- fortunate as they must be unusually heavy and all the more interesting. For the guidance of the trade it is most important that the weekly esti mates may be based on them as early as possible.
Now
Piece Goods.—We understand the news from New- chwang has been sufficiently good to induce fur- ther transactions for that market. Nearly all the available supplies on the spot of standard and 3 yard American makes have been bought up. In English goods current transactions are chiefly confined to resales amongst the Natives, but the prices reported against them are looked upon with some suspicion. For the lighter weight shirtings A fair business has been there is fair demand. done for the Spring in goods that were bought by The market for importers a few months back. imported yarns is stronger, the Northern men still continuing to buy the lower count of Indian, but the River markets and Szechuen are also more active. Local spinnings are a trifle easier, and so is Native cotton. It is estimated by one authority here that fully 40% of the crop has not yet come
to market.
MISCELLANEOUS EXPORTS.
Per P. & O. steamer Palermo, sailed on 8th July. For London-24 bales hemp, 175 bales canes, 3 cases woodware, 86 cases chinaware, i case copperware, 269 packages mats and matting. 150 caski wet ginger, 70 cases bristles (opt.), 18 cases private effects, & cases silks, 50 bales waste silk, 5 cases rifles, 2 cases cigars, 6 cases curios, etc. For Manchester:-62 bales waste silk, 1 For Glasgow:
4 cases china- case floss silk.
For Contantinople:- 5 bales glass bangles. For Marseilles cases bamboo hats (opt.), 1 cases feathers (opt.), 804 bales waste silk, 12 balas hair, 25 packages tea.
ware.
For St. Chamond :— raw silk, 1 bale waste silk. 15 bales raw silk. For Milan :- 50 bales raw silk.
Per M. M. steamer Oceanien, sailed on 11th July. For Marseilles:-326 bales raw silk, 67 bales pierced cocoons, 589 bales waste silk, 17 cases silk piece goods, 28 packages human hair. | ported in the home mar! ets. The great dread of
operators is, and has been, the possibility of chea.4 cases sarthenware, 3 cases feathers, 4 cases ylang per goods being placed on the market before they ylang oil, 4 cases hats. For Lyons:--838 bales have had a chance of getting rid of their heavy commitments. The trade is really getting into a rery congested state, with supplies coming in much faster than they go out, notwithstanding the de- liveries show a vast improvement over the same period of last year. It is, therefore, very impor tant prices should be kept up, and this can best be attained by the continued advance in the raw staple. This latest rise is the result of the un- Not favourable reports concerning the New Crop. only has a considerably less area been planted but the conditions as regards the weather, etc., are much more unfavourable than usual at this stage
of the growing. These reports appear to be quite genuine and are not circulated by speculators with an object, so that manufacturers are beginning to be a little chary about future supplies and decline to quote except at prohibitive prices. No very de- finite news has come in from Newchwang, but it that during the interval at least two *ppears steamers have gone in from here, and their cargoes
For
Per -P. & O. steamer Palma, sailed on 12th July. For London-625 packages firecrackers, 2 boxes cotton gins. For Havrs:-16 packages tea. For Valencia :-60 packages tea. Barcelona:-100 packages tea. For Marseillea :---- 150 packages tea. For Gibraltar :-32 packages wines and spirits. For Trieste:-2 packages
curios.
Business
SHARE REPORTS. HONGKONG, 14th July, 1905. during the week has been nearly at a standstil, and composed only of small cash investments. More names have been added to the list of June defaulters, all of whom have found their opportunity under the protection of Keswick', Share Bill, of which they have in many cases taken advantage, and it is becoming increasingly