210
COMMERCIAL.
TEA.
The Amoy and Formosa Market Report states that the Formosa Oolongs season is closed. The export of tea from Amoy and Formosa for the season 1905-6 was 18,891,657 lbs. of Tamsui Oolongs to the United States, showing as com pared with the returns at the same time last year an increase of 1,174,117 lbs. ; to London 495,438 lbs., a decrease of 9,395 lbs.; and to other countries 48,400 lbs., an increase of 739 lbs. The
total settlements 275,890 lbs. show, as compared with the previous year, a decrease of 23,718 lbs.
SILK.
HONGKONG WEEKLY PRESS AND
PIECE GOODS.
[March 19, 1906.
demand but supplies are short. This Also applies Messrs. Noel, Murray & Co.'s latest Report to fine white Braids and fine and coarse Split. on the Shanghai Piece Goods Trade, datedOwing to the shortness of all desirable goods only- Shanghai, 8th March, 1906, states-No complaint very few transactions have been put through in could be found with the weather during the the meantime. Goatskin Bugs. Demand is very- y greater part of the interval, and, as though to keen and all parcels coming to this market ind confirm the reasons given of the inability to ship ready buyers at high prices. Wool Prices are. during the long spell of rain, clearances have shown firm owing to strong demand from America, great improvement. The disappointing news has been received from Newchwang that the Port is not likely to be free of ice until the 25th instant, so no relief can be expected in that direction for another week or ten days, and meanwhile fresh cargoes are arriving in a most inconvenient man- ner. Nor is that the only trouble arising from
the congestion. Buyers, or their shipping agents, have and are finding the greatest difficulty in getting delivery of goods called for by the im- porters' delivery orders and passes. This has led to irregularities in some instances in shipping CANTON, 24th February, 1906 :-Long-reels.—exact numbers of the hales called for by those The activity of the preceding month is over, buyers refusing to pay the increased prices. Exchange has steadily advanced and this has not been followed by the expected decline in dollar prices. Most of the reelers having sold their stock, besides contracting their production for some time to come, ask now very high prices, con- sequently business is checked. From sales made we quote: Fres. Sun Yu Lun 9/11 at 3890, Wing Wo Lun 9/11 at $880, Yuk Wo Hing 10/12 at $880, Wing Po Cheong 10/12 at $879, King Seng 11/13 and 13/15 at $870, Nam Seng 18/15 st $845, Heen Kee 16/18 at $785, Best 2me, ordre 18/22, at $750, Best 3me. ordre 11/13, 13/15, 14/18, at $745. Short-reels have only been moderately dealt in. The highest price reported as paid $830-fer Kwong Shun Ching 14/16. Waste Silk. After a few days' weakness prices have again reached a very high level, and some fresh business has been done. The demand has chiefly run on "Extra Selected Opened and Unopened." In the country holders still maintain a very firm front. Stock of Silk in Canton about 800 bales,
Per P. & O, steamer Nubia, sailed on 14th March. For Antwerp-400 bales hemp. For London:-
40
cases camphor, 15 bales feathers, 2,856 bales hemp, 4 cases Manila hats, 180 bales canes, 100 bales waste silk. For Manchester -- 2001 15 packages furniture, 6 cases ginger, 43 packages au bales waste silk. For London :-976 boxes tea”
private effects, &c., 2 packages sundries, 30 pack- ages preserves.
4
Per P. & O. steamer Dongola, sailed on 18th March. For London :-4 cases silks, 91 bales. waste silk, 2 packages sundries, 5 cases opium, 50 rolls matting, 3 cases bristles. For Hamburg – 25 cases cigars. For Manchester:-250 bales wuste silk. For Milan :-10 bales raw silk. For London-6 cases birds feathers, 2 cases wood✨) & oil, 4 cased printed paper, 1 case chinaware, igidz cases cigars, 12 cases private effects and curios, 70 For Marseilles;—10 cases feathers, 25 bales wastevan silk, 271 bales raw silk. For Lyons:-860 balene raw silk.
ON
EXCHANGE.
MONDAY, 19th March.
2/0 (2/0)*087
ON LONDON.--
Telegraphic Transfer
Bank Bills, on demand ...
Bank Bills, at 30 days' sight
2/014
LONDON,-
Bank Bills at 4 months' sight
2/01
Credits, at 4 months' sight.
2/11
Documentary Bills, 4 months' sight2/19
PARIS -
Bank Bills, on demand
258
•
Credits 4 months' sight..
262
GERMANY.—
On demand
210
ON
ON
ON
NW YORK.-Bank Bills,ondemand 407 Credits, 60 days' sight
passes, and these latter documents are being frequently confiscated by the Customs Authorities in consequence. Eo far as fresh business is con- corned the trade is at an absolute standstill again. Sterling exchange is responsible for this to a great extent, the uncertainty it imparts to transactions being quite prohibitive. In response to a decline in silver, rates have fallen about three per cent., but just when the effect was becoming apparent, by the greater life that was instilled into that market, a reaction upset everything again, and instances are not wanting of buyers asking for a reducting in prices owing to the advance in exchange, although a corresponding advance in the commodity in question had never been established! Such aro some of the vagaries the import merchant has to put up with here. There is no news of the Tientsin market. Latest advices from Newchwang roport the river will not be navigable until the end of the month, so buyors are holding off until they are rid of; the large quantities they have already on hand. River trade does not improve as rapidly as could be wished. Brighter prospects are almost in view Messrs. A. B.Burkill & Fons' Silk Circular, dated for the trade with Szechuen, if the report is true Shanghai, 2nd March, 1906, states:-The home that Tls. 8,000,000 has already been raised to- markets are unchanged, Gold Kiling is quoted in wards the projected railway from the Province to London at 12.6, and in Lyous at Fes, 35. Baw Hankow. Trade is reviving both at Chefoo and Silks. A small business continues to be done in Kiaochow. Another steamer is on the berth for Tsatlees, the continued rise in exchange is re- Corea, although what we said about the market sponsible for a slight drop in Tael prices Hang- there has been amply confirmed; a smaller chow Teatlees and Kasbings are in request quantity will be taken. The offervescent feeling ON CALCUTTA.-Telegraphic Transfer 158 and a few sales are recorded at prices quoted that seemed to be so conspicuous over the whole Bank, on demand...... below. Yellow Silks.—A purchase of Mienchew country the last month or two acems to have ON SHANGHAI-Bank, at sight at Tls. 360 is the only transaction we hear of. quite subsided. The easier feeling in. the Man- Private, 30 days' sight Hand Filatures.-There is some inquiry for these chester market noticed during the last week or two| ON YOKOHAMA.-On demand.... silks from New York, but consumers are unwilling appears to have been quite a passing shadow. ItON MANILA.—On demand to pay the high prices dealers are asking, conse--is very strong again and Manufacturers are once ON SINGAPORE.-On demand ...15 quently there in an utter absence of business. more well engaged forward. Cotton has gradual-ON BATAVIA.--On demand Steam Filatures.-Medium and low grade chops ly recovered to 5.89d. for Mid-American, while ON HAIPHONG.—ON demand continue to find buyers in fine sizes for Europe, the price for Egyptian has jumped to 9d. The but the volume of business is small.
OV SAIGON—On demand.... Waste exports of Plain Cottons from Lancashire last Silks. Nothing doing.
month was more moderate, being only 44,000,000 SOVE KIGNS, ank's Buying Rate...$9.65
ON BANG OK.-On demand....... yards to Hongkong and China, with 1,300 bales yarn to this market alone. There is no news
GOLD LEAF, 100 fine, per tael .851.10 from New York, the home trade occupying the BAR SILVERS, per oz
30 attention of manufacturers who will only accept orders for export at extreme prices. No Cotton quotations have been received. The yarn market is firmer owing to a good demand from Szechuen, but was somewhat disturbed by the vacillating exchange. Native Cotton is also a little higher. Another local mill, Soeychee, has just presented a favorable report, but have availed themselves per chest. of the opportunity of writing down plant, etc.
OPPUM.
HONGKONG, 17th March
Quotations are:-Allowance net to 1 catty.
per picul.
do.
do.
Malwa New
............$1000 to
Malwa Old
.$1050 to
Malwa Older
$1100 to
do.
Malwa Very Old .$1170
to
do.
Patna New
Persian Fine Quality $1050 to Persian Extra Fine ...$1100 to .$9221 to Patna Old *.............$902) to
do.
Benares New ·
$865 to
Benares Old
to
19. do.
SUGAR.
do.
HONGKONG, 15th March.—A downward ten- dency continues, market being very dull.
Shekloong, No. 1, White. ..88.40 to $8.45pel.
No. 1, White...... 8.00 to
Do.
"
2, White...... 7.20 to 7.25
"
Do.
"
1, Brown...... 6.30 to 6.35
$$
Do
2. Brown...... 5.30 to
5.45
+1
Swatow,
8.10
31
-Do
Do.
2, White...... 7.10 to 1, Brown...... 6.00 to
7.15
"
6.05
"
Do.
23
•
2. Brown 5.60 to 5.05 Foochow Sugar Candy.......................10.50 to 10 60 Shekloong
9.55 to 9.60
RICE.
HONGKONG, 15th March.- the same as when last reported. Saigon, Ordinary
- Round, good quality,
Long..
دو
The prices are $2.80 to $3.85 3.60 to 3.65 3.70 to 3.75 2.90 to 2.95 No. 1...... 3.75 to 3.80 4.00 to 4.05 ................................. 4.20 to 4.25
Siam, Field mill cleaned, No. 2
Garden.
White,
Fine Cargo
501
ON BOMBAY.-Telegraphio Transfer...153
Bank, on demand
153
***.1531
711
721
1001
991
p.o.pm. 1231
31 p.o.pm. p.o.pm.
62
TONNAGE. HONGKONG, 10th March.-There has been more demand for tonnage during the peroid under review. From Saigon to Hongkong 12 cents last'; to Philippines 27 cents to 29 cents according size; to Vladivostock 48 cents; to Java and Japan, nosta inquiry. From Iloilo to this 20 conant cents per, 1/ picul last; to 'Tientsin a small carcier got 50 cents
and thus incidentally reducing their bank over-
per picul. From Hongay to this $1.40.; to Canton draft, rather than pay a large dividend. Business $2.00 per ton; to Amoy $2.50 per ton. From has been almost entirely confined to the Auctions, South Japan coal port to this 81.80 per ton. from the results of which will be seen the bene-Time charters. The Dr. Hans Jurg Kiaer has fits anticipated by a fall in erchange. The movement so far is without stability and does not inspire operators with much confidence.
MISCELLANEOUS EXPORTS. Messrs. Arnhold, Karberg & Co.'s Fortnightly Produce Circular, dated Shanghai 5th March, 1908, states :-Gallnuts.-Business in this article is very dull indeed as dealers are still holding oat for prices which consumers at home are unwilling to pay. However, should exchange drop a little further we shall no doubt see a revival of trade. Cowhides.-Only a very limited business has been done in the meantime. Tobacco. Nothing new to report. Feathers. Small parcels only are taken out of the market. Prices remain about the same. Cotton. There is no strength in the market owing to the absence of demand, but nevertheless Chinese are unwill- ing to lower there prices. The recent drop in exchange will no doubt confirm holders in their belief that they will get higher prices (if they wait a little longer. Tallow-Only a few tran- sactions have transpired, prices being rather high. Strawbraid. All Mottleds remain in good
|
been taken up by the Hamburg-Amerika Linie, and the 8 s. Lisa by local Chinese. The following are the settlements —
Battenhall-British steamer, 1,378 tons, Moji to Hongkong $1.30 per ton.
Ferndene-British steamer, 2,444 tons, Moj to Hongkong $1.80 per ton.
Braemar British steamer, 2,316 tons, Moji to Hongkong $1.30 per ton.
Dagny-Norwegian steamer, 882 tons, 3 tripa.es Hongay to Canton $2.00 per ton.
Marie-German steamer, 1,000 tons, Hongay to Swatow $1.50 per ton.
Decima-German steamer, 794 tons, Hongay to Amoy $2.50 par ton.
Heimdal-Norwegian steamer, 761 tons, Iloilo to Hongkong 20 cents per picul.
gon to i
Knivsberg—German steamer, 648 tons, lloilo to šis Tientsin (15,000 piculs) 50 cents per pioul***
Bein-Norwegian steamer, 725 ton one port Fhilippines, 27 cênts Amigo German steamer, one port Philippines, 30 cents
Frithjof-Norwegian steamer, to Cebu (20,000 piculs) 29 conta
i
1