182
COMMERCIAL.
THE HONGKONG WEEKLY PRESS AND
YARN.
Mr. Eluljee, in his Report, dated Hongkong 8th September, says :-There has been some movement in this market during the first few days of the interval, chiefly brought about by a sharp decline in silver, and sales to the extent of HANKOW, 23rd August.—Business reported since | 6,486 bales are reported as noted below; valurs, the 16th inst. is as under :----
Settlements
TEA.
1905. -Chests.
2,404 817
1904. -Chests. 1,371 > 6,066
S'ments to 8'hai (Nat. n/c) Consisting of the following Tens :—
-Chests +
318 at Tis. 21.50 per picul 2,086 at Tis; 12.75
Ningchowa Oonfaas..
་་་ ན
27
**
The following are statistics at date compared with the corresponding circular of last season, viz., 24th August, 1904 :-
HANKOW TEA. Settlements:..
1903. I-' hests 430,909
1904. -Chests. 576,843 3,235 12,782
‹ S'mènts to 8'hai (Nat. a/c) 9,415
592,800 1904. Chests. 195,402 12,341 5,829
187,659 213,575
Stock
*
...
35,091
Arrivals
KIUKIANG TEA.
474,869 1905. -Chests
Settlements...
177,446
S'ments to S'hai (Nat a/c)
3,401
Stock
•
6,809
Arrivals
SILK.
་
CANTON, 8th September, 1905.-Long-reels. Prices ruled fairly steady during the earlier part of the fortnight with very little attention from European buyers; but latterly a stronger tone has prevailed among certain buyers, and a good number of transactions have taken place. Fils. 9/11 and 10/12, and "Natives" 11/12-13/15-14/18 have been particularly in fair demand. From sales made we quote: Frs. Sun Yue Lun 9/11 at 1975, Cheong Hing 9/11 at $965, Wing Shing Lun and Lai Fung Lun 9/11 at $960, Yuk Wo Hing 10/12 at $9:0, Wing Po Cheong 10/12 at. $940, U Hau Cheong 10/12 at $935; l'etit le ordre 11/13 at prices vary ng batween $900 and 1915, Heen Kee 18/22 at $815, Bon 2me., ordre 18/22 at $790-795; Soey Wok heong, Yee Wo Hing, Hing Lun, Tung On 11/18-13/15-14/18 at prices varying between 1790 and $805. Short-reels- The demand for America has gener. lly fallen off; but the enquiry still holds in two or three quar- ters, and sales have been made a $995, 2nd crop. and $005, 3rd crop, for Hau K'ng Lun 14/16. Waste Silk. - Country prices conti aue to advance rapidly and business in Canton is almost at a standstill. The difference in prices asked and offered for most classes is about $6/8 per picul, with no prospect at present of holders giving way. Stock of Silk in Canton : 200 Bales.
OPIUM.
HONGKONG, 7th September. Quotations are: Allow'ee not to 1 catty.
$1100
per-pion!.
do.
Malwa New
Malwa Old
Malwa Older
Malwa V. Old...
Persian fine quality ...$10:0
to
$1100 to
$1240
to
do.
$1300
to
do.
to
do.
Pérsian extra fine.
Patna New
Patna Old
Benares New Benares Old
$1120 .$1090 to .$1067) to
९
to
to
.$1037} to
COAL.
do. per cl est.
do. 10. do.
Messrs. Hughes and Hough, in their Coal Raport of September 8th, at :te that steamers are expected at Hongkong with a total of 16,700 fors of Japan eral, and 4,000 tons of Indian coal. Since August 21st, 8 steamers have arrived with a total of 27;550 tons of coal. The market gener- ally rules very quiet. Quotations :--
Cardiff.....
$15.00 $16.00 èx-ship, non:inal Australian $11.00 $11.50 ex-ship, nominal Tubari Lump...$12.00 nominal.
Miiki Lump ..811.00 nominal.
Moji Lump......$9.00 to $10.00 ex-ship, steady. Akaike Lump...$9.75 to $10.00 steady.
COTTON.
a
· Hongkong 8th Sept.-Small business at decline of $1. Stock about 3,000 bales.
$20.00 to 22.00 per pcl. Bengal (New), Bangoon) 21.00 to 26.00
and Dacon
*Bombay.
Shanghai and Japanese, £7.00 to 28.00 Tungnhow and Ningpo, 27.00 to 28 00 Reported sales 150 bales.
10
25
however, being hardly maintained considering the loss in exchange. This movement was not of long duration, as towards the close of last week, owing to the rapid recovery in exchange, buying entirely ceased, and the market again became quiet. At the close importers have become anxions sellers, and are pressing sales at a reduc- tion of E0 cents to dollar per bale on all desir- able spinnings. Dealers, however, are not at all inclined to increase their holdings, evidently hav- ing in view the steady accumulation of stocks, and the unexpected firmness of silver. Importa tions during the fortnight. (24,613 bales) are heavy and far exceed clearances, stocks (51,000 bales) showing a considerable increase.
Local Manufacture:-Nothing doing. The locol mill has declared a dividend of 10 per cent.
Japanese Yarn:-No stock or transaction. Raw Cotton - Has suffered during the fortnight, For Indian and China staples have béen lower. very little enquiry.has been experienced, the only sale reported being a parcel of 120 bales superfine Bengal at $25, Unsold stock 3,100 bales. Quota- tions are $22 to $25 Indian and $23 to $27 China.“ Exchange on India, after having touched 142, has again rallied and closes strong to-day at Rs. 144) for '1/l' and Rs. 144) for post. On Shanghai 711 and on Japan 914.
The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 26th ultimo.
Indian: --With weak holders and restricted demand prices show an all-round decline of 2 taels. Total sales 3,441 bales with an estimated stock of 85,000.
Japanese-In sympathy with the Indian article prices have receded, and sales of 2,000 bales were effected on the insis of Tla. 103 to 103 for No. 208 and Tls. 93 to 971 for No. 168.
Local:- Prices are unchangǝ), but no new business is reported.
IECE GOODS.
Shanghai Piece Goods Trade, dated Shanghai, Messrs. Noel, Murray & Co.'s Report on the 31st August, 1905, states:-After the numerous telegrams that have been published here lately of the difficulties the Plenipotentiaries of Russia and Japan were experiencing in agreeing upon
Bome
[September 9, 1905.
Con-
prolific. There is still a great scarcity of tele- graphic news from the United States, We under- stand some forward contract for this market have recently been resold to New York. The Yarn market is little more active and prices, which were somewhat upset by the recent fluctuations in sterling rates, are steadier at the close, tincts are being made for New Cotton for delivery in October to November at 1ather over current rater. A small muster from the Ningpo district has been shown and looks very desirable. The recent discovery of a serious leakage of "informa- tion for a consideration" in the Department of Agriculture of the United States concerning the official estimates with regard to the Cotton crop, has shown very conclusively the cause of some at
least of the violent fluctuations that the raw Piece Goods. — staple has been subject to. Clearances are described as "pretty' fair,” though somewhat interrupted during one or two days by-
There is little or no disposition the heavy rain. yet for fresh business, but as another of those convenient settling days falls on the 13th proximo it is considered trade with Hankow and the River Ports generally must improve after that. Mean- while it remains very dull, though shipments are being made with more freedom. The Anction results do not denote any very settled state affairs.
MISCELLANEOUS IMPORTS. HONGKONG, 8th September.-The prices ruling are as follows:----- COTTON YARN-
per bale Bombay-Nos. 10 to 20, ...$ 90.00 to $128.00 English-Nos. 18 to 24,
140.00 to 160.00
22 to 24,
160.00 to 165.00
35
28 to 32,
167.50 to 175.00
88 to 42, Reported salos 15,000 balo. COTTON PIECE GOODS-
Grey Shirtings-0 lbs.
7 lbs. 8.4 lbs.
180.00 to 190.00
per piece 2.20 to 2,25
2.30 to 2.40
*. 8.00 to 4.00 9 to 10 lbs..... 4.10 to 5.80
White Shirtings-54 to 50 rd. 2.80 to 8.00
58 to 60 3.10 to 8.00 61 to 60 8.80 to 6.40 Fino....... 6.10 to 8.00 Book-folds 6.30 to 8.10 Victoria Lawns-12 yards 0.80 to Lo T-Cloths-0lbs. (32 in.), Ord'y:2.20 to 2:30
7lbs. (32 ).
2.70 to 8.00 6lbs. (32,, ), Moxs. 2.25 to 2.70 7lbs, (32
290 to 3.20 8 to 8.4 oz., (36 in.)3.25 to -
"
).
»
Drills, English-40 yds, 132 5.10
lbs.
lo 8.00
MISCELLANEOUS EXPORTS.
HANKOW, August 23rd, 1905 :-The prices qnoted are for the net shipping weight excluding cost of packing for export :-
Cowhides, Best Selected
Da. Seconds
Buffalo hides, Best Sected Goatskins, Untanned, chiefly white color Buffalo Horne, average 3-ths, each White China Grass, Wuchang and/or
Poochi...
White ChinaGrass, Sinshanaud/orChayu Green China Grass, Szechuen Jute
White Vegetablo Tallow, Kinchow... White Vegetable Tallow, Pingchew
and or Macheng
Fer picul.,
'T'ls 34 50
80.50
17.50
19
(nom.)
of what were suppoŝed to be the most essential terms, and the pessimistic views that wore known to prevail in Japan, it came as a tremendous and most unexpected su prise early news was spread that yesterday when the peace was practically settled. At first it seemed almost incredible that the victor, to all intents and purposes, should withdraw what were generally looked upon as only his just deserts, but the truth of it was Boon confined when the banks opened to busineɛs and exchange commenced going down with a rush. An en r- mous business was done at gradually declining rates, which the further fall in silver, and conse- quent continued drop in sterling prices, has scarcely yet arrested. There being no question of doubt, therefore, it only remains to patienly await the full details of the Peace negotiations, that have really caused this sudden decision on the part of Japan, and which it is difficult to attribute altogether to philanthropic motives. That it has caused a more hopeful feeling in business circles here is beyond doubt, but it will naturally take some little time before any improvement can be 'properly developed. What tLoзe interested are most eagerly looking for is an increase in the transportation facililies from Newchwang, as when that comes about it is anticipated an enormous trads will be the result, in spite of the obstacles the boycotters are endeavouring to establish. present the steps they are taking threatens to bring wholesale ruination on the import trade. Tientsin is evidently waiting for this to occur and abstains from buying, but the Newchwang mer- chants have taken a further 3,000 bales Sheeting and Drills this week, but have confined their attention entirely to the older established will brands of cloth, neglecting goods with private chops. The Manchester market is so fully engaged, for months ahead it is not easy to express its exact cond tion, but the regular weekly quotations for goods for distant delivery are not
Per M. M. steamer Armand Behic, sailed on
For Maseilles ---- 5th September, 1805.
-401 balen quite so firm. Other markets, we understand, are
raw silk, 15 bales human hair, 115 rackages tea, placing orders for the early months of the year after next. The Liverpool Cotton market is | 18 cases ylang ylang oil, 7 cases hats, &c., 8 rolls firmer at 5.97d for Mid-American, but Egyptian | mattings, 2 cases curios. For Lyons (-228 bales ́ ́in-ensier 7.13.16d, the crop being reported as very raw silk. For St. Chámond ——16 bales raw ülk
At
White Vegetable Tallow, Mongyu .............. .. Green Vegetable Tallow, Kiyu.. Animal Tallow Gallnuts, Usual shape..
Do. Plum ៨០. Tobacco, Tingehow '
Do. Wongkong Black Bristles
Feathers, Grey and/or White Duck
Wild Duck
Tarueric
Sesamum Seed
中
Feaamum Seed Oil Vegetable Tallow Sced Oil Wood Oil Tea Oil
12.25
"
11.50
21
13.00
4.75
8,80
"
8.60
:7.60
10 50
10.00.
*
17.50
19
18 50
63
**
(nom.)
+
115.00
**
"
(nom.)
*1
"
4.00 (Dom.)
8.15
(nom.)