€;
106
COMMERCIAL.
SILK.
HONGKONG WEEKLY PRESS AND
'The undernoted business in imported and local spinnings is reported from Shanghai during the three weeks ended the 3rd instant, viz:----
Indian:-Market firm and closing strong, prices showing an improvement of two to three taels with an aggregate business of 6,600 bales and an estimated stock of 72,000 bales.
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[Fa bruary 10, 1906.
for an elucidation of the discrepancy. Piece Goods.-The actual transactions that have taken place have been few and far between. There is lots of enquiry, but the ideas of buyers and sellers. have not assimilated very freely, and with the approach of the New Year thoughts of buying even from second hands have been dispelled. A Japanese: With a brisk demand both for cash few 8.4lbs. Shirtings have changed hands, but and forward delivery some 5,000 bales have chang-át prices much below replacing cost, and there is a stronger enquiry for four year American Sheetings and a few have booked, but prices are from 15 to 20 per cent. under replacing cost. The demand for Prints is steady and a few orders have been booked, but prices are rising at home and business is being curtalled. An order has gone through for 200 cases Fast Black Cotton Italians at an
the interval went at easier prices for the lighter exceptionally favorable price to the buyer. The Turkey Beds sold at the only auction held during weights, the heavier being rather frier. The Spanish Stripes sold at the same Auction were decidedly firmer.
CANTON, 18th January, 1906.-Long-reels.- There was a very good enquiry from Europe during the first part of the fortnight, and prices have advanced a little; the bulk of transactions have been booked for spot cargo, holders being reluctant to contract forward after China Newed hands on the basis of Tls. 90 to 99 for No. 168, Year. From sales made we quote: Fres. Tsung and Tls. 102 to 105 for No. 203. market closing Wai Hang 11/13 at $850, Kun Wa Lan 9/11 at strong, and prices showing an advance of two taels. $855, Wing King Lun 9/11 at $850, On Wo Hang Local: No fresh contracts by the Mills have 9/11 at $845, Kai Sun Cheong 10/12 at $825, Hang been reported. Wo Cheong 10/12 at $815, King Seng 11/13, 13/15 nt $820, Nam Seng 18/15 at $790, Heen Kee 16/18 at $770, Best 3me ordre 11/13, 13/15, 14/18 at from $705 to $720, Best 4me. ordre 13/15 at $710. Short-reels, The demand has been mostly for Extra Extra A & B $780 have been paid for Hun King Lun 14/16. Waste Silk.-There has been more inclination to buy, but only a few transac- tions have taken place owing to the high prices asked by Holders. Pierced Cocoons, with a good Rendement (75%), are practically out to price. Stock of silk in Canton: 1,000 bales.
OPIUM.
HONGKONG, 8th February,
per picul.
Quotations are:--/ Allow'ce net to 1 catty.
فی
Malwa New
.$1010.
to
Malwa Old
$1070
to
do.
Malwa Older
..$1130
to
do.
Malwa V. Old..
.$1200
to
do.
Persian fine quality...$1100
to
do.
÷
Persian extra fine.
$1150
to
do.
Patna New
.$920
to
per chest:
$915
to
do.
$890 to
5.
to
do.
Patna Old
Benares New Benares Old
.$885
COAL.
Messrs. Hughes and Hough, in their Coal Report of Feb. 8th, stite that 14 steamers are expected at Hongkong with a total of 51,650 tons of coal. Since January 25th 14 steamers have arrived with a total of 49,550 tons of coal. Quotations:-
Cardiff.... Australian ...... $9.50 $10.25 ex-ship, steady. Yubari Lump...$12.00 nominal. Miiki Lump
$15.00 ex-ship, nominal.
Moji Lump
Akaike.
Bengal.
.$11.00 to $12.00 steady. .$9.00 to $10.00 ex-ship.
$9.50 to 9.75 steady. $8.75 to 900 steady..
COTTON.
?
HONGKONG, 9th February-Fair business has been put through. Stock about 800 bales. Bombay..
$18.00 to $20.00 per pcl. Bengal (New), Rangoon
18.00 to 24.00 and Dacca Shanghai and Japanese... 26.00 to 27.00 Tungchow and Ningpo... 26.00 to 27.00
Reported sales 75 bales.
YARN.
11
>>
PIECE GOODS.
Shanghai Piece Goods Trade, dated Shanghai, Mesrs. Noel, Murray & Co.'s Report on the
24th January, 1906, states:-Our only excuse for issuing a report to-day is to enable our readers to obtain as early as possible the figures of the stocks returned to the Chamber of Commerce. principal auctions will not be held this week. As Business is practically suspended and the two
we wrote in our last the prospects for the future of the trade are very much more encouraging; and there seems no reason to fear, barring of course the recru·lescence on any of the obstructions that were so prominent last year, the heavy stocks that have accumulated will not be very materially rédaced during the next five months.
Full sup- plies are now coming forward, but they must tail off gradually, the high prices that have been rul- ing in the producing centres having considerably curtailed the quantity of goods ordered under indents during the Autumn and Winter months. It is too soon yet to form any accurate opinion as to how the Native dealers have fared on the whole during the past year. Those who have confined themselves entirely to plain fabrics have un- doubtedly done the best, the loss caused by the flood having wiped out the greater part, if not the whole, of the profits made by those who were interested in Dyed and Printed goods. To all outward appearances, however, there is not going to be any serious trouble, and one and all are looking forward to the future trade with every confidence.
At the close exchange is causing
some little perplexity owing to its erratic and unexplainable course. It seems to have been bought about by the well-intentioned plans of the local Foreign Bankers, made sometime ago, to facilitate the closing of business at this reason. As usual, however, unforeseen circumstances have arisen that have upset their calculations, with the consequence that rates are all at sixes and sevens, opening quotations this morning being
& half penny lower, while silver comes an eighth up! For some months past the Banks have quoted abnormally low rates for forward transactions, and, desirng now to place them more on a parity with current rates by lowering the latter, this has resulted in exchange being now two pence below the parity of silver! The remedy for this will not be apparent until after the holidays, dur- ing which time it is hoped some feasible plan will be evolved to straighten things up again. As regards the home markets the position in Man- chester aapears to be firmer than ever. This has been brought about by a strong demand for Indian. The quotations for Cotton in Liverpool received on the 20th instant were 6.30d. for Mid-American and 8.25d. for Egyptian. Yesterday's quotations are not to hand up to the time of writing, but wires received this morning from New York report a drop there to 11.53 cents for "Jaly option," which must bring the Liverpool price down. There seems to be still considerable controversy over the size of the Cutton crop The resolution carried by the Southern growers to curtail the area for the New crop by 25 per cents if carried out will keep the price of the staple up to famine prices again. In the Yarn market pur- chases for the North, for delivery towards the end of next month, still continue to form the bulk of the transactions. Steady prices are being record- ed for Indian spinnings, Cotton has been casier. Stocks.-It is always satisfactory to find the re- turns made to the Chamber of stocks at the end. Local Manufacture: No business is reported. of a half year exceed the estimates, and on this Japanese Yarn:-A parcel of 60 bales No. 20s occasion it is particularly noticeable. Of course Settsu (Peacock) has changed hands at $143. a great part of the differences will be-made up by "Raw Cotton:-Local prices are much below the the "additional" import cargoes the Customs equivalent of Indian quotations and receipte have have invariably to declare. The one important greatly fallen off. Prices are lower, but a fair discrepancy is in English Sheetings, and this is no business has resulted under the decline and about doubt accountable by the mix-up that inevitably 350 bales Superfine Bengals are reported sold at takes place between these and 12-lbs. 36 inch. $22 to $231 leaving some 700 bales in stock. In Shirtings. It was known the leading lines of China kinds 270 balas Thoongchow have changed staple goods were in heavy supply, so no surprise hands at $234 to $241. Stock 350 bales. Quota-will be occasioned at the figures; as a matter of tions are Bengal $20 to $23 and China $22 to $25. Exchange on India has fluctuated slightly, and closes firm to-day at Rs. 1514 for T/T and Ra. 1513 for Post. On Shanghai 714, and on Japan 991.
Mr. P. Eduljee in his report dated Hongkong, 9th February, says: The period under review is nearer three weeks than the usual fortnight, but the aggregate of sales show little commensurate improvement and prices are easier where any change has to be noted. The chief feature of the interval has been the receipt of extensive orders from Shanghai of superior grades of No. 10s and No. 203 suitable for that market, and over 15,000 bales have been shipped northward. Under present circumstances, however, this large off-take has had no perceptible effect on our market, as stocks are still very large and supplies extensive, with further heavy shipments on the way. The few bales advised as sold during the interval and noted below, with few exceptions, are of a retail character, and cannot be accepted as indicating market values, which are still more
or less noininal
{ * Sales during the interval aggregate 6,435 bales, arrivals amount to 19,800, unsold stock estimated at 75,000 and sold but uncleared goods at 35,000 bales.
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fact they conform very closely with the figure we publish weekly. Union Italian cloth is the one item that stands out as much in excess of our estimate, and we have no time this week to search
i
MISCELLANEOUS IMPORTS. HONGKONG, 9th February.-The prices ruling are as follows COTTON YARN-
Bombay-Nos. 10 to 20, English-Nos. 16 to 24,
per bale! 390.00 to $128.00 140.00 to
160.00 to
21
22 to 24,
23
28 to 32,
160.00 165.00 167.50 to 175.00
59
38 to 42,
Reported sales 9,000 bales. COTTON PIECE Goods—
Grey Shirtings-6 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 5.30 White Shirtings-54 to 56 rd. 2.80 to 3.00 58 to 60 8.10 to 3.60 64 to 66 3.80 to 5.40 Fine. Book-folds
15
"}
6.10 to 8.00 6.30 to 8.10
Victoria Lawns-12 yards 0.80 to 1.00 T-Cloths-6lbs. (32 in.), Ord'y. 2.20 to 2.30
7lbs. (32,
2.70 to 3.00 6lbs. (32,,), Mexs. 2.25 to 2.70 7lbs. (32,, ),
2.90 to 3.20 8 to 8.4 oz.. (36 in.)3.25 to 3.80. Drills, English-40 yds., 131
5.10 to 8.00 · to 14 lbs.
ནྷཱཏཾ –
"
FANCY COTTONS-
Turkey Red Shirtings-14 to 1.70 to 3.75
Brocades-Dyed
Chintzes-Assorted Velvets-Black, 22 in. Velveteens-18 in..
8 lbs. i
per yard
.0.12 to 0.15} 0.09 to 0.80
0.22
to 0.30
0.22 to
0.28
MISCELLANEOUS EXPORTS. HANKOW, 31st Jan., 1906:-The prices quoted are for the net shipping weight excluding cost of packing for export :-
Cowhides, Best Selected..
Do. Seconds Buffalo hides, Best Selected Goatskins, untanned, chiefly white color Buffalo Horns, average 3-fbs. each White China Grass, Wughang and/or
Poochi... WhiteChinaGrass, Sinshan and/or Chayu Green China Grass, Szechuen 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. Plum do. Tobacco, Tingchow..
Do. Wongkong Black Bristles Feathers, Grey and/er White Duck
Wild Duck Turmeric
"
Sesamum Seed Sesamum Seed Oil Vegetablé Tallow Seed Oil. Wood Oil Tea Oil
Per piovl Tls. 87.50
J
33.25
"
18.00
60.00 "
8.00 25
"
12.00 11.25 » (ňom.)
4.50
+
8.70
#
8.50
•
8.00
11
9.00
15
10.10
"
16:40
18.50 (nom.)
وو
11
1
040
"
3.50 4.30
7.50
(nom.)
- 8.20 10.00
Per M. M. steamer Caledonien, sailed on 6th February. For Marseilles:-20 bales raw silk, case embroideries, 35 bales human hair, -ylang ylang oil, 3 packages silverware, 89 cases
curios, 8 packages earthenware, 8 cases por For Lyons:-30 baleg raw silk. For London:-1 case embroideries. - For Malaga -1 case embrald-