COMMERCIAL.
BILK.
Messre. A. R. Burkill & Sons Silk Circular, dated Shanghai, June 16th, 1906, states: The Home Markets are firm, Gold Kiling is quoted in London at 12/10), and in Lyons at Fcs. 36. Raw Silk-The Taatlee Market opened at the commencement of the month with sales of Double Silver Elephant at Tls. 450, and Mountain 4 at Tls. 550. On the basis of these prices Gold Kiling would be Tla, 535, but so far no sales of this Chop have been made.
HONGKONG WEEKLY PRÈSS AND
EXPORTS.
Tea.-Settlements for the first half of this month amount to picnla 12,000,#bringing total | settlements up to piculs 28,000 against picula 29,796 to the same date last season. Fish Oil- 1,000 cases bought for export Copper For Europe a few small parcels have changed hands whilst for China a fair business has been done in Sumitomo which brand is now sold out to the end
of the year. Quotations are higher all round, although G.M.B. have experienced a sharp decline. Rice.--Market unchanged.
Cotton Yarns.-The
business for last two weeks has been very dull in both export and native market, Vegetable Wax.- No feature of interest to record. Altogether some 1,300 bales
Mat have been settled, and at the close, prices show ting.-Prices have continued firm, and are likely slight advance. Green Kaihings have been taken
to remain so until it is known what the new crop to the extent of some 350 bales; prices opened at
of reed will be. Straw Braid.—A' decidedly firmer Tls, 540 for Woman Loom 1, further sales of this
tone has been noticeable, as it is reported that Chop have been made at an advance of Tla. 20
the new straw, although plentiful, is below the per picul. Chineams have found favour with average in quality. This, coupled with the steady buyers at Tls. 517 for Fighting Cock 1, and demand for certain patterns, makes dealers take Tls. 537) for/Red Tiger Extra Best; about 220
up a very firm attitude. Chip Braid.-There has bales changing hands. Yellow Silk No busi-
been more enquiry for Chips and prices are firmer. ness in New Silk has so far been done, and latest advices from the country report that high prices are being paid by Native merchants. Hand, Filatures.--About 700 bales of New Silk have been bought for the Continent, prices open- ing on the basis of Tls. 597; for Small Buffalo 1, ordinary reel. American buyers do not seam willing to operate at present, and with the exception of 50.B Small Buffalo 1 grant at Tle. 6221, no business has been done for their market. Steam Filatures—One or two sales are recorded in Fine sizes for Euroj e. Waste Silk. There are no stocks here, and the market for New Seasons Wastes has not been ened.
of
|
OPIUM.
HONGKONG, June 27th. Quotations are:- Allowance net to 1 catty. Malwa New
.$950 to
per picul. Malwa Old
do. Malwa Older
$1000 to
$1050 to
do.
to
do.
to
do.
Malwa Very Old $1100 Persian Fiue Quality ..$800 Persian Extra Fine ...$850 to Patna New
$8821 to Patna Old
.$850 to Benares Now
$8171 to Benares Old
to
do.
per chest.
do.
do.
do.
COAL. KOBE MARKET REPORT.
·Th· Kobe Market Report, published under the
Messr Hughes and Hough, in their Coal dire. ton of the Hiogo and Oaska General Cham-Report of 28th June, stite that 15 steamers are ber of Commerce, and dated (Kobe) Hiogo, 15th June, 1906, has the following:
IMPORTS.
·
+1
گو
In
Cardiff... Australian
expected at Hongkong with a total of 67,400 tons of coal. Since June 15th, 13 steamers have arrived with a total of 54,800 tons of coal. The Report also states that the market generally remains weak. Cardiff has been quite neglected.
.$15.00 ex-ship, nominal. .89.50 to $10.25 ex-ship, steady. Yubari Lump...$12.00 nominal. Miiki Lump ...$12.00 steady. · Moji Lump ....$8.50 to $10.00 ex-chip, steady. Moji unscreened$7.60 to $9.00 ex-ship. Akaike Lump...$9.50 to 89.75 steady. Bengal... .40.00 to $9.75 nominal.
|
(June 30, 1806.
Raw Cotton:-Both Indian and China descrip- tions are barely steady with but a small offtake. Two or three parcels of superfine Bengals, aggres gating 215 hales, have changed hands at from $21. to $23. Unsold stock - 2,160 - hales ;- 125 -- bales-
Stock 250 Thoongchow have been sold at $241. bales. Quotations are Indian $20 to $23:and China 8221 to 5251.
Exchange on India, after touching Rs. 156) for T/F and Rs. 1561 for Post, has again advanced and closes firm to-day at Rs. 159,169, respectively. On Shanghai 72) and on Japan 104.
The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 23rd instant, viz:-
Indian:- Market dull and depressed thanks to the action of our new ally in Manchuria, whero- under an ostensible “open door” policy, the place and trade are, from all accounts, as much as ever in the hands of the Japanese. · Sales about 2,500 bales, prices weaker and estimated stocks 100,000
bales.
Japanese-With a steady market about 2.200 bales are reported sold on the basis of Tls. 86 to 93 for No. 1s and Tls, 100 to 102 for No. 20s.
Local: - Continues firm, but no business from first hands is reported.
PIECE GOODS.
Mesars Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai, 21st June, 1906, states:-The condition, of our market during the interval has undergone very little change, the enquiry mentioned in our last continues to siminer, but is still a long way of boiling point. Importers continue to complain bitterly of the slowness in deliveries, and the steamer companies are at their wits end to know what to do with the vessels that are lying idle in port, in fact the river is in almost as congested a state as the wharves and godowns. The drought in the North is catising the greatest anxiety, the crops in the neigbourhood of 'lientsin and Peking threatening to be a total failure. There has been some little enquiry for Chefoo and Kinochow, which has given, weak second hand holders an opportunity of placing some. American goods at extremely low prices, and we also understand a few hundred bales of Drills have also been bought for shipment to Vladivostock after they have been bleached and dyed. Beyond this the market, so far as we can make out, remains in a state of utter stagnation. What demand there is for Hankow is almost imperceptible and the river markets generally are upset by the floods over vast tracts of country in the central provinces. A steamer cleared for Corea yesterday and took a. few of the most desirable of the favorite cloths for that market, the result of the shipments being $18.00 to $20.00 per pcl, looked for with much interest. The objections to the new currency are rapidly disappearing. Very 21.00 to 23.50
little news has come in concerning the Manchester market which is quiet but firm The manu- facturers there are rather re reserved with their quotations, desiring, apparently, to make sure of the size of the new Cotton Crop before booking more orders. The Liverpool quotation for Mid-American was 6.10d. and for Egyptian the same as before, 101d. Telegraphic advices concerning the New, gk market seem to be practically suspended. Loukden was opened to Foreign trade on the 1st June and the Japanese and Americans have Established Consulates there. The Japanese have announced their intention to- exclusively administer the settlement set apart for Foreign residence. As regards the current business, once more we must refer to the regular. auctions.
RAW COTTON. HONGKONG, 29th June.-A fair business has been booked. Stock about 800 bales. Bombay.
Bengal (New), Rangoon
and Dacca
Shanghai and Japanese... 20.00 to 27.00 .26.00 to 27.00 Tungchow and Ningpo
Reported sales, 300 bags.
YARN.
J1
Mr. P. Eduljes in his report, dated Hongkong, 29th June, state:-Early in the fortnight the sales noted below were reported, but since then dealers have shown little or no disposition to buy owing to the rise in exchange. The demand has, as usual, run mostly upon Nos. 10s and 90s, and confined to best spinnings of favourite chops, while other tickets coming under the category of "good to best," but in less favour with the dealers, have been passed over for lower prices. Low class threads are still unsaleable. Values have been fairly maintained and'in special cases show a small advance. The market closes quiet
Cotton-Indian.—Since our last report forward transactions of Indian Cotton to the extent of from five or six thousand bales are reported. The fact, however, that prices settled were much below home quotations, clearly illustrates the keen speculative inclination of sellers, who, regardless of the condition of the home market, appear to be willing to operate freely in the hope of covering their sales in anticipation of a falling market in the near future. While this state of affairs prevails, all possible chance of any legitimate business in new crop is prohibited. Spot cargo is being placed on a small scale, although at low prices. This is no doubt due to the extremely heavy stocks in the hands of wills as well as importers, it being estimated that as much as 220,000 bales are available on the market. consequence, mills are withholding from pur- chases, their owa supplies being sufficient to last them for the next two or three months. The market on the whole may be considered 88 extremely dull and quiet. Quotations are :- Broach, (best), Yen 29.50; Akola Khainguamı, Yen 23.00. American. A few transactions are reported in "forward." Spot cargo has been move. ing on a small scale in the neighbourhood of Yer 92.50 to Yen 32.75. Closing quotations are Yen! 32.50/32.75, Chinese.-No husiness in "forward" is reported since our last. "Spot" is likewise dull and quiet. Quotations are: Best quality
Yen 27.75; Common quality Yen, 23.00/28.50. Shirtings.-Greys.-Nothing new to report. Whites. Quotations have some- what improved. Cotton Goods and Fancies Spot market firmer, but prices still considerably below replacing cost. Worsteds and Woollens.- The market has been very favourable and only during the last fortnight have prices declined. As the home market is still advancing dealers have started to fix some orders for next spring, prices arranged being about 10 per cent, higher than for last season's. Germani textiles are still comparatively higher than English products, especially summer serges. Window Glass.—2,000 cases just arrived reported sold. Further arrivals prevent prices from getting near home values. Metals.—Some sales in Belgian No. 2 reported. Sales of the interval aggregate 5,156 bafas, Stocka_being] heavy, dealers show no desire to arrivals amount to 10,318, unsold stock estimated increase their engagements. Sugár.-Beet.—No | at 77,000, and sold but uncleared yarn in second great change but prices alightly firmer in hands 55,000 balan: sympathy with home markets. German about Local Manufacture Quotations are main Yen 14.30. Cane-Hongkong Refined. The tained at $90 for No. 10%, and $92) for No. 128, at demand is very slack and there is no businews to which sales of about 600 bales of the former and report. Osaka Refined-At auction on the 5th 200 balas of the latter count are reported. June 5,500 bags changed hands at prices showing Japanese Yarn-There has been a little movs no variation from those paid on the previous ment in the threads, also some 350 scossion. !....... Rice.—There is less enquiry, bút | changing hands as under, my 50 balss Kurashiki holders, are very firm in consequence of higher | No. 16s at $126, 125 balen Yellow Joss:No, 20% at
$129, and 150 bales Settsu No. 20s at $138. quotations from India.
'
:
|
|
|
|
and weak.
¦
7
The slightly improved enquiry for Ningpo and the River markets is reflected in the prices paid at these public sales. "Grey Shirtings -Considering the "firmer exchange, prices at As anticipated we have to announce the failure auction show a distinct improvement on the of another Cotton and Yarn dealer with liabilities week. The only private business reported from estimated at about $75,000. This collapse will
first hands are two small sales of 14-1bg, and throw back upon the market nearly 6,000 bales, 15-lbs. 89-inch makes at Tis. 4,80 and Tlá, 5.00 White Shirtings. The anction chiefly Indian Yarn. Considering the present respectively. congested condition of the market, the prospects prices this morning for the whole range of of an incessant supply of contract goods through-qualities were steady to firm. Drills and Sheet- out the remainder of the year, and the still | inge-From native sources we learn that some impending native failures, prospects ahead look | 2,000 bales of Sheetings have been sold by second hand holders for the Chefou and. Kinochow truly gloomy and disquieting.
markets. Prices are most irregular, the holders being in a state of demoralization, learn that some 61,700 bales✅ Drilla, háre bought by a foreign firm here for shipp bleaching and dyeing, to Vladiv were No. 2 Dog Tis. 2,37, Blue Man and Bufalo Tla. 3. Goods. —These goods seem private sale as the staple White, and the small indents appeare Cotton>Italiane
les
|
|
firmer prices,
still incl