262
COMMERCIAL.
HONGKONG WEEKLY PRESS AND
$18.00 to $20.00 per pel.
RAW COTTON HONGKONG, 6th April-Fair business at a slight rise. Stock about 800 bales. Bombay Bengal(New), Rangoon
21.00 to 24.00 and Dacea Shanghai and Japanese... 26.00 to 27.50 Tungchow and Ningpo 26.00 to 27.50
Reported sules 300 bgles.
YARN.
J
SILK. CANTON, 24th March, 1906-Long-reels.-A | very fair business ruled at the beginning of the fortnight, enabling holders to maintain their high rates; at the close there are willing sellers of spot cargo, though concessions are not so easily obtainable for forward contracts in new silk. Fine sizes and market cargo 11/13, 13/15, 14/18 are still in good demand. From sales made we quote: Fres. Wing Cheng Sing 11/13 at 939 6th April, says :-Business continues in the same Mr. P. Eduljee in his report, dated Hongkong Kun Wa Lan 9/11 at $930, On Wo Hing 9/11 at $920, Wah Foung 9/11 at $920, Wing Po Cheong Settlements are again on a very limited scale and dull unsatisfac.ory state as previously advised. 10/12 at $900, Kai Cheong Loong 10/12 at $885, King Seng 11/13, 13/15 at $900. Nam Seng 13/15 of the interval being the small inquiry for super- confined to urgent requirements, the chief feature at $875, Wa Lun Cheong 16/18 at $825, Best 2ine. ordre 18/22 at $770 to $780, Best 3me. ordre 11/13, Values have further receded $1 to $3 per bale ior grades of No. 20s for the Northern markets. 13/15, 14/18 at from $750 to $760. Short-reels and still no abatement in the downward course is have attracted a good share of attention at in-apparent. Although exports to Shanghai during creasing prices, especially in the higher grades. the interval have been large there is no change Sales include Bau King Lun nt $875. Waste Silk-During the first week holders in general about the same as the off-take. Bombay is re- in our estimate of stocks, the recent arrivals being steadily held their ground; now they are becomported weak and declining. ing more reasonable, and the easier rates seem to attract some little business at the close. Silk at -Canton :—900 bales.
Messrs. A. R. Burkill & Sons' Silk Circular i dated Shanghai, 28th March, 1906, states: --The Home markets are firm, Gold Kiling is quoted in London at 12/9. Raw Silks.-There has been very little inquiry for Tsatlees, and we only hear of one transaction. Yellow Silks.- Very little doing--a sale of Mienyang 8. C. 1 is recorded at Tls. 360. Hand Filatures.-There has been several enquiries from America during the past; week for Crack Chops and Shanghai Reels, and a settlement of Mayhun Yees & Sun Tien Changs is recorded on the basis of Tls. 7311 for Blue Dragón Extra. Lower grade Filatures have also been in some demand. Steam Filatures.- Aro neglected. Waste Silks.-Very little business doing. Gun Wastes are in small supply and held for prices above buyers' ideas. Tussah Waste is held for Tls. 24 for Filature 50.50 and Tls. 23 for Newchwang Cargo, but buyers offer Tls. 1-1¦ less and no business has been done.
SUGAR.
HONGKONG, 4th April.-Some demand having come forward, the prices are advancing. Shekloong, No. 1, White $8.50 to $8.55 pel.
2, White. 7.30 to 7.33 1, Brown. .... 6.40 to 6.45 *
5.40 8.10 "
Do.
"
Do.
Do. Swatow,
"
2. Brown...... 5.35 to No. 1, White 8.05 to
"
Do.
"
2, White
7.20 to
7.25
"
Do.
"
Do.
"
2, Brown
do.
1, Brown...... 8.05 to ..... 3.65 to
...10.60 to 10 65
9.70 to
6 01
*
5.70
"1
9.80
"
RICE.
Foochow Sugar Candy. Shekloong
HONGBONG, 4th April.-The prices are advanc- ing, holders being firm.
Saigon, Ordinary
"
Round, good quality. Long...
$2.90 to $2.95 3.70 to 3.75 ...... 3.80 to 3.85 Siam, Field mill cleaned, No. 2...... 3.00 to 3.05 No. 1 3.83 to 3.90 ..... 4.05 to 4.10 4.30 to 4.35
Garden,
White,
章
+
Fine Cargo
OPIUM.
HONGKONG, 4th April.
Quotations are:-Allowance net to 1 catty.
per picul.
Malwa New
..$970 to
Malwa Old
.$1020 to
do.
Malwa Older
$1070 to
do.
Malwa Very Old ..$1130 to
do.
P'ersian Fine Quality
$1000 to
Persian Extra Fine
$1050 to
Patna New
.$8821 to
Patua Old
.8862} to
do.
$825
to to
do. do.
Benares Ner Benares Old
COAL.
do. do. per chest.
i
arrivals amount to 15,184, unsold stock estimated Sales of the fortnight aggregate 2,847 bales,
nt 83,000, and sold but fincleared goods in second' hands at 65,000 bales.
Local Manufacture:-No business is reported. Japanese Yarn:—A single small salo of 30 bales No. Its Kanegafuchi at $130 is reported.
Raw Cotton-Cotton is barely steady with a very small off-take. The business of the interval includes a sale of 240 bales Bengal at $22 to $23, and of 110 bales Thoongchow at $24 to $25, with an estimated stock of 350 bales Indian and 195 China cotton. Quotations are $20 to $23) Indian, and $22 to $25 China,
Exchange on India has fluctuated slightly and closes to-day at Rs. 153) for T/T and Rs. 1533 for Post. On Shanghai 711 and on Japan 100.
The undernoted business in imported and local spinnings is reported from Shanghai during the three weeks ended the 1st ultimo, viz:---
Indian:- Market steady for No. 2 ́a, but weaker for the lower counts by 2 to 3 Tuels, sale aggregating 7,800 bales with an estimated stock of 78,000.
Japanese: The firmness of holders is checking business, total sales 2,100 bales on the basis of | Tls. 921 to 994 for No. 1ẞs, and Tls. 100; to 108
for No. 20s, closing weak.
Local:-Very firu, But no fresh business to
repart.
PIECE GOODS.
to
|
[April 7, 19
present British Government in South Africa will be seen in the relative prices of Gold and Silver, two most vital factors in this trade, the
future course of which it is utterly impossible to foretell. A feature of the present situation which may be overlooked is the fact that nl- though the dealers are paying up with considerable freedom for goods they had bought or indented for, and which they find they can do on favorable terms owing to lower rate of interest in native money market, the goods are not being cleared for consumption, but remain here on storage. This in itself is not very promising and should restrain importers from buying too far ahead, There are rumours that the Newchwang market is slowly improving, but nothing very definite is known yet, and fresh orders to ship are coming down very slowly. All the markets up North formerly, to Fancy Dyed and Printed gods, are paying attention, to a greater extent than and even Hankow is taking more interest in and White makes.. The Corean market is reported them, through showing the same apathy for Grey
as quite stagnant. Beyond what we have written above regarding the Manchester market there is little to say. Fortunately for this market the
last Liverpool quotation for Mid American, that price of Cotton is keeping up, 6.04d. being the
for Egyptian remaining the same as last quoted, 9d. There is still no fresh news from New York concerning the American market. The Yarn market is dull and drooping for the lower count of Indian owing to the continued absence of enquiry from the Northern markets, though lattely Tientsin buyers have been somewhat attracted by the low prices ruling, there being quite an abnormally large difference between the quotations for Nos. 108. and 20. Japanese and Local Spinnings are quiet. Native Cotton was inclined to droop but the decline has been arrested by a demand for Japan.
MISCELLANEOUS EXPORT.
Per M. M. steamer Tonkin, sailed on the 3rd April. For Marseilles :-345 bales raw silk, 202 bales waste silk, 4 cases silk piece goods, 92 ca seg human hair, 2 cases feather, 29 cases provisions, 40 cases joss stick, 20 cases ylang ylang oil, 10 cases hats. For Lyons:-296 bales raw silk, 5 bales waste silk. For Milan:-45 bales raw silk. For Manchester :-25 bales waste silk. For Port Said: -3 cases fana. For Suez:-7 casei fang.
ON LONDON.---
EXCHANGE.
1
FRIDAY, 6th April.
Telegraphic Trans'or Bank Bil's on demand
ON LONDON, —
ON
Bank Bills, at 30 days' sight
2.00 2/01
Bank Bills at 4 months' siglt Credits at 4 months' s'ght
9/11
2
Docu neutury Bills, 4 months' sight2/1;a
ON
PARIS-
Bank Bile, on demand
257
Cr dits 4 months' sight
.261
GERMANY.—
On demand
2091
ON NEWYORK, —
Pank Bills, on demand,
.191
Credits, 60 days" sight
50%
ON BOMBAY. —
Telegraphic Transfer
.1534
Bauk, on demand
1531
ON
CALCUTTA.—
Telegraphic Transfer. Bank, on demand
.1531
1537
711
728
100
994
Messrs. Noel, Murray & Co.'s latest Report on the Shanghai Pięce Goods Trade, dated Shanghai, 29th March, 1906, states: The week under review tannot be called a satisfactory one inasmuch
as nothing has occurred elucidate the problem now before the trade as to how to deal with the enormous conglomeration of stocks of present congregated here. Supplies still continue coming in faster than they go out, steamers are lying in the stream for days unable to discharge their cargoes, and the Godowns are so crowded it takes three or four times the tr uble and time to find the goods in the first place and when found, by a new regulation, they have to be taken to the Customs Jetty for examination before re-exportation, causing more delay in shipping and consequent loss of interest, and very frequently market as well. In the meanwhile the Northern buyers appear to be taking advan- tage of this congestion to depress the market here in order to meet their own ends, and it is shrewdly suspected that it was with this object shipments to the North have so far been kept on such a moderate scale. And yet in the face of all this telegrams are being received by almost every import house to the effect that their com- petitors are buying largely in Manchester for this market, the orders being for November, December and January shipment. It really Ox B TAVIA.--On demand seems incredible that this can be the case, and ON HAIPHONG.—()' demand free enquiries amongst the leading importers | O‹ S、inox -On lema¬d here only elicits the query "do we look such fools? By a strange' concatination of fortui. tious circumstances," to use a famous expression. the market here has been able to withstand in a
Messrs. Hughes and Hough, in their Coal Report of 5th April, state that 13 steamers are expected at Hongkong with a total of 51,400 remarkable manner, during the past year or two, tons of coal. Since March 23rd, 17 steamers the effects of the most reckless overtrading this have arrived with a total of 65,200 tons of coal Port has ever known. Such palpable luck-it was Quotations:--
nothing else cannot last inuch longer, and it Cardiff.. $15.00 ex-ship, nominal.
certainly looks now that the inevitable reaction Australian ......$9.50 to $10.25 ex-ship, steady. has set in. Six months hence will be quite early Yubari Lump...$12.00 nominal.
enough to begin to think of business for next Miiki Lamp ...$12.00 steady.
year, if the trade is ever to be put on a stable Moji Lump ......$9.00 to $10.00 ex-ship, steady. the new Cotton Crop, and by that time also basis again. Then something will be known Akaite....... 19.75 to $10.CO steady. Bengal....... 19.00 to $9.75 nominal.
the effect of the mischievous meddling of the
ON SHANGHAT-Pauk, at sight
Private, 30 days' sight ON YOKOHAMA.-On der and ON MANIL -On d-mänd
ON SINGAPORE.—On «emand ...15 p.c.pin.
UN BẰNG XOK. —On deman 1.. SOVE RIGNS, l'ank's Buying Rata GOLD LEAF 100 fine, per tael BAR SILVE*, per oz.
FREIGHTS.
1231 .31 p.c.pm. .3 p..pm. 12 ...89.75
.854.00 ..291
Messrs. Wheelock & Co.'s Report, dated the 29th March, 1906, states:-The amount of cargo moving homeward has slightly increased since our last. Coastwise :—This market shows a slight improvement, and rates from Japan remain also from the time charterers, a sure sign of a steady at $1.50 per ton. There is more enquiry
better market.
1