378
COMMERCIAL.
SILK.
Messrs. A. R. Burkill & Son's Circular, dated Shanghai, 11th November, 1905, states: The home markets are quiet, fold Kiling is quoted in London at 12/-. Raw Silk.-A few purchases of Taallees are re orded, but dealers are reluctant to reduce their prices to the yet lower level now necessary to counteract the higher rates of ex- change which prevail. Hund Filatures and Steam Filatures. Are neglected. Waste Silk.About 1,900 piculs have changed hands since our last issue. Among the settlement are: Honan Waste at Tls. 27 to 80. Shantung Long Waste Tls, 241 to 27 for whole bales Woozie Pierced Co- coons (68 per cent. Silk) at 70.
Yokohama
YOKOHAMA MARKET REPORT. This Report, published by the Foreign Board of Trade, dated Yokohama, Novein- ber 15th, 1905, has the following:-
IMPORTS.
HONGKONG WEEKLY PRESS AND
to arrive, but the markets all over the country seem to be in an utter state of stagnation. The market is being drained, too, of ready money, which makes native interest unusually high. The natives are desirous of starting so many enterprises without the aid of foreign capital, and funds that bave been deposited here with the banks are being withdrawn to such an extent that they will have to be replaced by purchases of silver. A mania for building railways has struck the Chinese, but they want to do it entirely with their own money, and for that purpose are busy col- lecting all available funds with which to buy out Foreign concessions already grunted. This is likely to lead to a lot of ill feeling and trouble if the Foreign Governments concerned do not strong- ly back up
their subjects to whom the concessions have been made. China is harilly ripe yet to run these enterprises without external assistance, and should be content with the stipulation in the terms of almost all the concessions she has granted that they revert to her, or she has the right to take them over, after a certain number of years. The Northern season is rapidly drawing to an end, the last of the regular steamers for Nowchwang clear- ing to-day, although the river there is not expected to close before the 25th inst. Iu porters are sadly disappointed at the small quantity that has been taken, the latest telegraphic order being for only 500 bales American goods, but have some hopes that more will be required via Ching-wan-tao Tientsin is doing only fairly well, and there is not that hurry one would like to see now it is within three weeks of the closing of direct shipments to that port, in fact she seems to be almost as bad as the rest of our dependencies. Chefoo promises to make a much her own with Kiaochow. better showing than usual and is quite holding There is nothing of an encouraging nature to report with regard to the River trade, though the completion of the railway from Hankow to the North ought soon to open up fresh trade routes hitherto scarcely touched. Ningpo is doing a quiet but steady business. As we go to press the following telegram from Tientsin is brought to our notice.-"There is con- May 1st to November 15th amount to 109,694 siderable financial stringency in this district at picu's, against 177,714 piculs at the correspond-have failed at Tientsin and six at Peking." The present, and in consequence two native banks ing date last year.
Yarn. The market is steady. Grey Shirtings are dull. Fancy Cottons and Woollens. Nothing doing-deliveries very slow. The high price of Cotton and Wool prevents forward business. Metals. The metal market is active. Kerosene.- The marketthis slightly firmer. Sugar.-Since last report, e market has remained dull, with little or nothi ng doing in any direction. Indigo. during the close season. Nothing doing, stocks very light.
EXPORTS.
Raw Silk.--A drooping market, with large stock and only a mod erate demand. Both New York and Lyons or far from active, and consumers are expecting still lower prices.
Waste Silk.-The market having been fairly active, holders have now assumed a firmer attitude. Settlements since October 26th to November 16th:-6,200 piculs, viz: Noshi, 4,500 piculs, Sun- dries-piculs; Pierced Cocoons,-piculs. Present stock is estimated at 12,950 piculs, viz:-- Noshi, 5,000 picula; Kibiso, 7,000 piculs; Sundries, 700 piculs; Pierced Cocoons, 250 piculs.
Tea.-Season closed. Total settlements from
Copper. About 1,000 tons Furukawa Bessemer have changed hands at Yen 40.50 to 40.75 per picul for January-February delivery. Fish Oil.--Further transactions are reported at Yen 4.10 to 4.20 per picul. The market closes a little firmer, but is still very quiet.
Quotations are:-
OPIUM.
HONGKONG, 25th November. Allow'ce net to 1 catty.
to
per picul.
do.
Malwa New
$1030
Malwa Old
$1060 to
Malwa Older
$1100 to
do.
Malwa V. Old.
$1180 to
do.
Persian fine quality...$1150
to
do.
Persian extra fine.
.$1200 to
do.
Patna New
Patna Old
$940 to ..$930 to
Benares New
.$920 to
do.
$910 to
Benares Old
per chest.
do.
do.
may
Yarn Market is almost as dull as that for Piece Goods-940 bales Indian and 1,000 bales Japanese Spinnings being all the business reported. Prices for the former are irregular; where the same Yarn is held by several different firms the price is very weak and he as much as five taels under a spinning of no greater value intrinsically held by one firm. Newchwang is closing without relieving this market of any more, and Tientsin continues to abstain from buying. Native Cotton, which was slightly firmer list week, is easier again, the unfavourable exchange interfering with exports to Japan. As regards the home markets Manchester keeps very firm, the Manufacturers there being so full of orders they can afford to keep up quota- tions. Those telegraphed publicly are misleading and seem to follow the ups and downs of Cotton, but that does not always tally with actual experience; this week, for instance, they quote prices lower, but private advices make thein decidedly firmer. Cotton, after advancing to 6.16d at the end of last week, has declined to 5.91d. for Mid American, while Egyptian in down to 8jd. A telegram from Manchester advises that Mr. Henry Neill's latest estimate of the present erop is eleven and a half million bales, which seems to be rather more than was expected. The New
Saturday to 11.02 cents yesterday. Those in- terested in American goods have ceased telegraph ing for quotations, considering it a waste of money. The last fortnightly advice of the export of Plain Cottons from Manchester was 17,000,000 yards. Trade Marks Regulations. This much vexed question is once more to the fore, but with by no means any hetter prospect of progress. The feeling that is rapidly gaining ground in this country, amongst certain class s, of "China for the Chinese," is the present stumbling block and promises to be a serious one. The trouble now is one that clashes with the principles of Extraterre- toriality, which is the recognised status of all civilised nations having intercourse with China. The regulations as drawn up by the Board of Commerce require that, any law suit arising out of trade mark disputes shall be tried by the officials of the Office for the Registration f Trade Marks, and not by the Consul, concerned in con- cert with the Local Authorities. The Foreign Ministers at Peking, with the exception of the representatives of Russia and Japan, are opposing this by refusing to recognise the whole of the Regul- ations. Piece Goods.—As regards sales from stock the past week has been one of utter stagnation, Not a single transaction has been reported, nei.
PIECE GOODS. Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai, 16th November, 1905, states: Importers here were paralysed when the news arrived a few days ago of the rioting and pillage that was going on in-what at the moment was their only hope-York price for July declined from 11.60 cents on Vladivostock. The accounts received were most alarming and the worst was feared, but subsequent telegrams of a more reassuring nature have given some relief, and to-day it is freely stated that some of the leading native merchants, have had telegrams advising them that the Chinese quarter has not been touched and that altogether things were not so bad as had been painted. The shipments made from this so far have been chiefly comestibles. It is certainly a bad beginning for the new Free Port, and it will not be possible to get much more in this season. Business here from first hands is at an absolute standstill, and second-hand holders appear to find it equally difficult to move their purchases. The upward course of exchange has not helped matters. Here and there dealers have been tempted to take up some goods lately arrived in order to take advantage of the more favourable sterling rate, but they will not clear goods settled months before. The block here is becoming a very serious question, and there is no hope for it now but that extraordinarily heavy stocks must be carried through the winter. There would not be so much room for complaint if clearances were anything like up to the average, as a vast quantity of what is now here had been indented for or sold
[November 27, 1905:
ther have we heard of any. This must not be taken at literally correct, for importers do not recognise the sale of one or two bales as business. The Ewo auction yesterday went at satisfactory prices, but the quantities were too small to be any criterion of the market, and were probably bought to protect from purchases. The Yuen Fong sale to-day proved to be abortive, owing to some differences of opinion between the buyers and seller, and as neither would give way the auction was abandoned. For the sake of the market it was probably a good thing, and we trust will do no one any harm. Private sellers have always been jealous of these uninterrupted sales in such states of the market as at present.
MISCELLANEOUS IMPORTS. HONGKONG, 24th November.-The prices ruling are as follows:-
COTTON YARN-
per bale Bombay-Nos. 10 to 20, ...8 90.00 to $128.00 English-Nos. 18 to 24, 140.00 to 180.00 160.00 to 165.00 167.50 to 175.00
22 to 24,
11
28 to 32, ... 38 to 42,
21
180.00 to
190.00
per piece
Reported sales 4,000 bales. COTTON PIECE GOODS----
Grey Shirtings-6 lbs. 7 lbs. 8.4 lbs.
.. 3.00 9 to 10 lbs. ... 4.10
19
37
2.20 to 2.25 2.30 to 2.40
to 4.00 to 5.30
White Shirtings-54 to 56 rd. 2.80 to 3.00 58 to 60 3.10 to 3.60 64 to 66 3.80 to 5.40 Fine... 6.10 to 8.00 Book-folds 5.30 to Victoria Lawns-12 yards 0.80 to 1.00 T-Cloths-6lbs. (32 in.), Ord'y. 2.20 to 2.30
##
"
8.10
7lbs. (32 },
2.70 to 8.00 6lbs. (32 ), Mexs. 2.25 to 2.70 7lbs. (32,, ),
2.90 to 3.20
#1
8 to 8.4 oz., (36 in.)3.25 to 3.80
5.10 to 8.00
Drills, English-40 yds., 134 Į
FANCY COTTONS-
to 14 lbs.
Turkey Red Shirtings-1) to Į
Brocades-Dyed Chintzes Assorted Velvets Black, 22 in. Velveteens-18 in.
1.76 to 3.70
per yard
0.15
8 lbs.
.0.13 to
0.09 to 0.30
0.23 to 0.45
0.21 to 0.25 per dozen
1.00
per yard
to
2.00
Handkerchiefs - Imitation Silk 0.52 to
WOOLLENS-
Spanish Stripes-Sundry chops 0.63
German Habit, Med., and Broad Cloths 1.20 to 3.00
per piece Long Ells-Scarlet, 7-9 lbs. 7.75 to 8.90
Assorted
Camlets--Assorted.. Lastings-30 yds. 31 inches?
Assorted Orleans Plain, 31 in.
7.90 to 9,05 .20.00 to 31,00
18.00 to 21.00
For
MISCELLANEOUS EXPORTS. Per steamer Prinzess Alice, sailed on 8th Nov. For Aden:-740 bags sugar, 100 cases cassia, 60 rolls chinaware, 15 bundles galangal.
For Odessa : --50 cases cassia. For Naples:-200 cases cassia, 165 half-chests tea. For Genoa-100 bales hemp, 200 bales raw silk, 145 bales raw silk. For Antwerp:-27 bales feathers, 5 cases human hair, 2 cases blackwoodware. For Antwerp or Hamburg-10 cases bristles. For Antwerp_or Hamburg or London-15 cases bristles. Antwerp or Rotterdam or Hamburg-150 bales feathers. For Antwerp or Bremen or Hamburg- 035 half-chests ten. For Amsterdam :~45 rolls matting, 4 cases chinaware. For Rotterdam :-- 150 bales bamboo scraps. For Bremen :-841 half- chosts tea, 6 cases preserves, 3 cases sundries. For Bremen or Hamburg-14 half-chests tea. For Copenhagen:-25 half-chests tea. For Hamburg: -499 bales feathers, 200 cases cassia, 141 bales canes, 181 half-chests tea, 36 cases essential oil, 20 boxes tea, 13 cases blackwoodware, 12 rolla matting, 10 cases bristles, 7 cases ginger. 2 casks ginger. For Hamburg or London :-20
essential oil.
casea
Per steamer Machaon, sailed on 11th November. For Port Said:-10 cases glass bangles. For Trieste:-14 packages sundries, 100 bales cassia. For London or Continent:-90 cases bristles. For London :- 384 packages tea, 57 packages effects and sundries, 400 casks ginger, 593 cases ginger, 18 boxes chinaware, 259 bales canes, 303 bags copper ore, 56 boxes camphor, 176 casks soy, 74
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