106
COMMERCIAL.
TEA.
THE HONGKONG WEEKLY PRESS AND
YARN.
Mr. Eduljøe, in his Report, dated Hongkong 11th August, says: - Demand from the country still holds off, and importers have experienced a HANKOW, 2nd August.-Business reported since have been reduced by $14 per bale all round, but much quister fortnight, and at the close offers
the 26th ulto., is as under :--
Settlements
1905.
-Chests.
15,042 6.262
1904. -Chests, 21,536 1.858
-S'ments to Shai (Nat. afe) Consisting of the following Teas :---
Ningchows..
Khemuns
Oopacks
Conams
Oonfaas
Seang-tams Ichangs
-Chests
11,90 at Tls, 14.75 per picul
99 at Tis. 22.00
1,034 at Tls. 1200 2,778 at Tls. 10.50
6,929 at Tls. 11.50
2,326 at Tls. 10.40 686 at Tls. 2001
The following are statistics at date compared with the corresponding circular of last season, viz., 3rd August, 1904-
1905.
HANKOW TEA.
Settlements
-Chests
421,439
S'ments to Shai (Nat, a e) 3,607 Stock
Arrivals
KIUKIANG Tea.
Settlements...
S'ments to Shai (Nat. a-e) Stock
Arrivals
RICE.
1904. -Chests. 568,789
13,206
31,800
-456,436 1903.
4-Chests. 175,825
2,655 7,106
185,880
213.753
382,085 1904. -Chests. 195,4022 5.457 12.716
SAIGON, 28th July 1903. Messrs. Win. G. Hale & Co.'s circular states:- Our market closes dull
and in the absence of any real demand, millers, in order to keep their mills running, are cut- ting down their will hire to secure business, As for the price of Paddy it has not given way, but owing to the next to no mill charged. We quote for August/September delivery,
No. 2 White sifted (tris)
steam milled (mixed)
No. 2 White unsifted (ordinairs)
10
20
steam milled (mixed)
% Cargo steam milled (mixədi
JA
ני
per picul.
$3.70 $3.32 $3.25 $3.15
The following is a statement of this year's exports of White Rice, Cargo Rice and Paddy · Total Picul-.
577,600 34,100 703,200 159,100 718,200 882,600
Destination.
Hongkong
Vladivostock
Manila
Iloilo
Cebu
Japan
Singapore..
Cheribon
Noumea
Batavia..
Sourabaya
Reunion
Madagascar
Europe
Quotations are: —
2,800 85,300 19,900 94,500
167,700 62,500 120,000 1,067,300
Total... 4,644,500
OPIUM.
HONGKONG, 10th August. Allow'ce net to 1 eatty,
per picul.
Malwa New
$1200 to
Malwa Old
$1280 to
da.
Malwa Older
$1340 To
do.
Malwa V. Old...
$1400 tu
de.
Persian fine quality ...$1050
Persian extra fine.
Patna New
Patna Old
Benares New Benares Old
.S
to $1120 to $1143 to 80112) fu
$1067)
do.
per chest.
lo.
to
1.
do.
COAL.
Messrs. Hughes and Hough, in their Coal Report of August 11th, state that 8 steamers are expected at Hongkong with a total of 33,000 tons coal. of Japan coal, and 3,900 tons of Indian Since August 7th, 7 steamers have arrived with a total of 80,900 tons of coal. The market gener-
rules very quiet. Quotations:- - Cardiff.. Australian
11
$15.00 $16.00 ex-ship, nominal $10.50 $11.00 ex-ship, no E nal Yubari Lump...$12.00 ex-ship. $11.00 ex-ship.
Miiki Lump
Moji Lump.... .$8.00 to $9.75 ex-ship, steady. Akaike Lump...$9.50 to $9.75 steady.
we make no alteration in our quotations which for the time being, are more or less nominal. The few sales noted below are all more or less forced, and ware made during the first days of the interval and include a large proportion of goods on the spot for urgent and immediate require
Deliveries have been small during the interval while receipts have been above the average, and our stock shows a considerable increase on läst report. The Bombay market is reported firm with hut little offering.
ments.
Local Manufacture: Nothing doing: the Mill having sold well forward can afford to wait developments.
Japanese Yarn: The only business in these tbreads during the fortnight has been the sale of a parcel of 200 hales Kurashiki (Three horses) No. 168 at $135.
Raw Cotton:-The demand has unexpectedly
■ubsided, but a very choice parcel of 150 hales machine-ginned Surats has found buyers at $26). Stock about 3,000 bales. Nothing doing in China kinds. Quotations are Indian $23 to $26 and China $24 to $27.
Exchange on India, after keeping steady during the whole of last week, shows a slight advance and closes to-day at Rs. 1414 for TT and Ra 1414 for On Shanghai 711 ■nd on Japan 924. The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 19th ultimo, viz:-
Post.
Indian-There was not much enquiry during the first week of the interval and at the close demand had temporarily subsided. Prices gen- erally, however, have been kept fairly steady. No.20s showing, hers and there, a slight advane . Total sales 4,151 bales with an estimated stock of about 55,00U,
Japanese Continue in strong demand and values have appreciated!. Total settlement. aggregate nearly 2,000 bales, No. 16s fetching ! Tis, 96 to 103; and No. 20₫ Tls. 106 to 113.
Local:-The market is quiet but firm and sales reported amount to 2:00 hales on the lasis of Tis. 853 for No. 10s, Tls. 573 to 55) for No. 128, Tls. 891 to 91 for No. 14, and Tls, 90% to 82} for No. 16s.
PIECE 40ODS.
Messrs. Noet, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai, 3rd August, 1905, states: --The market is in a state of absolute staguation. The intense heat that is still prevailing over the whole of the Yangtze Valley, apart from anything else, is sufficient to account for a good deal of the apathy displayed, but the boycott on American goods is alsò đỏing much in that direction and is seriously complicating the situation. Its ramifications are extending rapidly that already the originally intended proviso that goods previously ordered should be exempt is inoperative, for the reason that consumers now refuse to take them. is also having an adverse effect on Manchester goods because buyers in Country are not always sure which is which, and so, are abstaining from buying wither. Clearances have. under the
It
|
[August 12, 1905
ou prices, which must be very near the record. Local Spinnings could be sold, but most of the Mills have nothing unsold- for some distance ahead. Cotton is ex-ier and lower prices are
buying a little longer. expect if the Japanese mill abstain from
Piece Goods. — The
interval has ben devoid of interest, private transactions being reduced to a minimum, for the simple reason that scarcely any Manchester goods of a suitable nature are for sale on the market. The well-known Anction chops are, however, holding their own and will serve to keep the pat boiling, there being no doubt about their place of origin. An attempt to dispose of some damaged American Domestics in that way was a rank failure, the audience simply abstain- ing from bidding, and this was really the beginning of the actual state of things. Forward husiness is practically at a standstill, prices in Manchester being so strong, even for the long delivery required, when the question of Exchange enters seriously into the calculation. Nothing in fact has been done except in a few special Fancies in retail quantities.
FREIGHTS.
From Hankow per Conference Steamers.-To London and Northern Continental ports 48/- per ton of 40 e. ft. plus river freight. To Genoa, Mar- |seilles or Havre 41-6 per ton of 40 c. ft. plus rivar freight. To New York (via Suez) 32 per ton of 40 c. ft. plus river freight. To New York (over- land)-Tea G. $14 cents per b. gross plus river freight. To Shanghai--Tea and General Cargo, Taels 1.80 per ton weight or measurement.
SHARE REPORTS.
HONGKONG, 11th August. 1905.—Although rates generally speaking have ruled firm, on a fair demand for stocks, and in most cases show improvements, business has been slack, and beyond a flutter in China Sugars in the early - part of the week we have nothing of any ini- portance to report. Forward business is mori- bund and shows no signs of recovering.
BANKS. Hongkong and Shanghais have ruled rather weaker with sellers at 8915, aud reported small sales at $910; the London rate remains unchanged at £89. 10s. Nationals re- main unchanged and without business.
MARINE INSURANCES.-Unions have been placed at $735 and close with probable further buyers at that rate. China Traders still stand easy awaiting development of the absorption schem, which is now not generally looked upon as the dead cert it was at its initiation. Cantons have been placed in sinall lofs at $325, and close steady at that rate. North Chinas and Yangs'zes quotations are taken from Shang- hai.
IRR INSURANCES. Hongkong Fires have been in demand at $32, but holders refusing to part under $30 a small sale has resulted at that rate. Chinas continue dull and without business at $85.
SHIPPING Hongkong, Canton and Macaos have changed hands in fair lots at $264 and Indo-Chinas, after small close firmish at $27. sales at $934. gradually advanced to $96 with little or no business at intermediate rates, the market closing at $951 to $96; the latest quot tion from bangbai is Tls. 67.
circumstances, not been so had, but the steamer companies are commencing to complain of a falling off in the applications for freight. The River trade is very dull again, the demand even
REFINERIES-China Suvars in the early part for Yarns showing consideralde shrinkage. The
of the week were negotiated at very erratic home markets keep very strong with quotations
rates from $245 to $250 for the settlement, and practically unchanged. Cotton has again been
Later on the market subject to sume fluctuations, the latest public from $244 to $247 cash. quotations coming 4.10d, but we understand quieted considerably, and offers to sell at 8244 for the satt'ement met with no response. At private advices received yesterday made it 6.05d. The export of Plain Cottons from Manchester! time of closing, however, a firmer feeling is last month wa: 43,000,000 yards to Hongkong apparent ani shares have beau placed in fair Luzona remain and China, and the export of Yarn to Shanghai: lots at $215 for rettlement. bas 2.300 bales. Dealers in American goods i neglected with no buyers. wave another grievance against the dreean MISING. -Charbonages unchanged and with- larrying service of that Country, tools, already out business cate, and shipped per s.s. Manchuria from San is. Francisco, just to suit the convenience of certain t Official travellers on that vessel, have wen carried down to Manila, and will not arrive here į before the 20th of this month. Not only might
this have caused considerable loss of market. but also vitintes the Insurance Policies The Yara market iu quiet at the moment, but at the same time is undoubtedly strong. Indian shewing a steady advance, notwithstanding sellers of some of the favorite Japanese spinnings, have not been able to maintain the abnormally bigh prices that were attained. The scarcity of Indian No. 20s is, however, having a beneficial effect
Raubs contious with sellers at
DOCKS. WHARVES AND GODOWNS.-Hong- kong and Whampoa Docks have changed hands during the week at $195, but close firmer with buyer and no sellers at $196. Kowloon Wharves continue in demand at $100 and sales are repor ed at $62) holders asking higher rate at time of closing. Farnhams have ben placed locally at Tls 14 and 141. The latest Shangbai quotation is Tls. 140.
L NDS, H TEL AND BUILDINGS.—A con. tinued investing demand for Lands have further nest the rate up to $123 at which shares are