274
COMMERCIAL.
TEA.
Settlements Shipments to Shanghai
on Native account
1906. -Chests
1905. -Chests.
1,335
6,000
The following are statistics at date compared with the corresponding circular of last season. viz. 11th October, 1905.
HONGKONG WEEKLY PRESS AND
YARN.
(October 20, 1908
go into her pocket to help defray the expense of preventing smuggling. Another noteworthy point is the determination to amalgamate the three existing mints at present in the Province and endeavour to make one uniform coinage, an ex- ample which, if successful, might be copied with The Manchester advantage by China proper. market is firmer and manufacturer's are talking big again. They cannot be so very full of orders at present and yet are trying to bluff operators bere into buying for shipment up to next May, a style of business we hope to see eliminated from this trade. The position of Cotton is not improv- ing-except so far as this market is concerned-- and the crop has evidently had another set back. The Liverpool quotation, for “spot” Mid Ameri- can has declined from 6.144. to 6.12d., but futures have been steadily on the rise both thero and in New York. In the former market the price October-November at the close of last week was
Mr. P. Eduljee, in his report dated Hongkong, 19th October, 1906, says : —-
Under subsisting arrangements with the dealers the market remains HANKOW, 10th Oct., 1906.-Business reported practically closed, and there is again no business since the 3rd inst., is as under:
to report, and quotations are entirely nominal. | No improvement is noticeable in the situation during the interval. Deliveries continue very slow, the off-take for shipment is small, conatry markets | are irresponsive, and stocks are being heavily augmented by incessant arrivals of contract goods, the quantity of unsold yarn in first hands being estimated at no less than 100,000 bales. The disappearance of a large native dealer, alluded to in last report, has added a fourth collapse to the The list of failures during the last two months. liabilities in this case are computed at over $75,000, and abont 6,000 halos are thrown back on an already overstucked market. The steady rise in exchange is also playing a most important.68d, but two days ago it advanced to 5.82d., and part in accentuating the situation, and "should the upward tendency continue the loss in values to the dealers will be greatly increased by the time the market re-opens and business is resumed. The development during the next few weeks is fraught with the gravest consequences to the trade.
HANKOW TEA.
Settlements...
1906.
1909 4-Chests, 4-Chexts.
884,507 +40,017
Shipments to Shanghai
on Native account
Stock
75,526 16,191
13,252 46,071
Arrivals...
1906.
KIUKIANG TEA.
-Chests.
Settlements
158,01%
Shipments to Shanghai
on Native account
10,652 2.627
476,224 -498,940
19053. -Chests. 177,880
9,779
Stock
Arrivals...
...
SILK.
171,197 187,659
A
A
or neur our
CANTON, 6th October, 1906. Silk Market.- About the middle of the fortnight there was simultaneous drop in dollar prices and exchange, which led to some chance business mostly in "Market cargo"; this weakness was only tem- porary and the market stiffened rapidly, being active with an upward tendency at the close. marked improvement has been shown in the de- mand from America, resulting in a good business in Extra Extra A and B, 14/16, SR. Waste Mar- ket.-Foreign buyers advanced their limits, and some settlements took place at quotations, according to the ebops. An increased firmness is reported in the country, where values have risen a good deal in sympathy with raw silk and on account of the lack of stocks, Such ex- citement has never been seen since 1903, when in October we quoted-Extra selected opened at St. 2/5, Frs. 6.721. Gets, (01: Extra selected unopened at St. 2/21, Frs. 6.07}, Gcts. 55; extra opened at St. 1/104. Frs. 5.071, Gets. 46; Extra extra unopened at St. 191, Frs. 4.921, Gots, 44; Pierced cocoons at St. 1/114, Frs. 5.42, Gots. 49; whilst the prices for raw silk were from Frs. 6.00 to Frs. 8.00 p-k under our quota. tions to-day. Stock of Silk in Canton: 1,200
bales.
OPIUM.
Extra
HONGKONG October 18th. Quotations are:-Allowance net to 1 catty.
to ...........$880
per picul.
Malwa Now
Malwa Old
$940 to
do.
Malwa Older
$1000
to
do.
Malwa Very Old ..$1040 to
do.
Persian Fine Quality ..$700
to
do.
Persian Extra Fine
Patna New
Patna Old
Benares New
.$760 to $895 to $905 to $845 to .$825 to
do.
do.
do.
Benares Old
COAL.
do. per chest.
Messrs. Hughes and Hough, in their Con l Report of 18th October, state that 16 steamers are expected at Hongkong with a total of 52,100 tons of coal. Since October 2nd, 12 steamers have arrived with a total of 49.100 tons of coal, Quotations:---
Cardiff...... $15.00 ex-ship, nominal. Australian $9.50 to $9.75 ex-ship, quiet Yubari Lump...$12.00 nominal. Miiki Lump ...$12.00 nominal.
Moji Lump......$7.00 to $8.00 ex-ship, steady. Moji unscreened$6.00 to $7.00 ex-ship, steady. Akaike Lump...89.00 to 89.50 steady. Bengal... .$9.00 to 19.50 nominal.
RAW COTTON.
HONGKONG, 19th October.- Small business market quiet. Stock about 1,200 bales,
Bombay...
$17.00 to $20.00 per pcl. Bengal (New), Rangoon
and Dacca
20.00 to 21.00 Shanghai and Japanese 23.00 to 24.00 Tungchow and Ningpo 23.00 to 24.00 Reported sales, 80 bags.
:
Sales during the interval are wil, arrivals amount to 15,916 bales, unsold stock estimated at 100,000, and sold but uncleared goods in native
hands 65,000 bales.
Local Manufacture: Nothing dolug Japanese Yaru:- About 400 bales No. 208, various tickets, are reported to have changed
hands at from 8122 to $180.
Raw Cotton-Continues to move very slowly owing to the deadlock in the market for twist, and the majority of the late receipts have gone into godowns. The business of the interval includes sales of 300 bales Superfine Bengals at $19 to $20. There is nothing doing in China kinds. Quotations are 318 to $20 Indian, and $20 to $23 Chinese.
·
this morning it comes 5.85d., while in New York the quotation for November has advanced to 10.81 cents for January. Egyptian Cotton bas
We advanced slightly in Liverpool to 9&d. omitted in our last to give the export figures for September: they were 19,000.000 yards of Plain Cotton to Hongkong and China and 1,200 bales Yarn to Shanghai only. We understand that Dyed and Printed are keeping up to the average of previous months this year. The yarn market has been rather more active and at the close the tendency is firmer. For new Crop Cotton forward contracts have been made at lower prices, but though the quality is very good it is now begin- ning to transpire that the production will not be quite so abundant as was anticipated and prices will advance. Business from first hands is still confined to the Auctions and prices on the whole have a slightly lower tendency. The future course of exchange has been declared this week to a certain extent by the firmer rates and more distant delivery at which Bankers are willing to book business. This attitude of a most important factor is not conducive to forward purchases of
Exchange on India, after some fluctuations, į goods. closes to day at Rs. 1684 for TT and Rs. 1691 for | Post. On Shanghai 727 and on Japan 1104,
The undernoted business in imported and local spinnings is reported from Shanghai during the three weeks ended the 13th instant, viz:--
Indian-Total sales 10,331 bales at a further decline of 1 to 3 taels, No. 10s forming the bulk of the settlements. Unsold stock 120.000 bales.
Japanese-With a steady market sales of 4,000 bales are reported on the basis of Tis. 854 to 91 for No. 168, and Tls. 99 to 100 for No. 20%.
Local:--Nothing doing.
PIECE GOODS.
Messrs. Noel. Murray & Co.'s Report on the Shanghai Piece Goods Trade. dated Shanghai 11th October, 1906, states :---- No exense of holidays or other interruptions can be put forward this week to account for the dullness of the market, it is simply latent, and defies all reasoning and calculations. There is no question of it, the country merchants are waiting on this market and filling their requirements ou pretty much their terms. It was thought some time ago that the dealers here had formed a strong combination to keep prices up, but there is evidently a flaw somewhere, for standard makes of goods are being resold at "give away" prices, which naturally affects the whole market. But it is not Piece Goods alone that are suffering, the depression is spread over the whole of the import trade. The country is in a state of rottenness, brought about, primarily, by the unscrupulous tampering with the popular coinage of the country for the greed of gain by the provincial rulers. brought disaster to numberless small traders, who were able to obtain credit from the Banks while everything was working smoothly, but who had nothing to fall back on when those facilities were curtailed. Credit generally has become greatly impaired and trade has to be carried on more or less on a cash basis, Merchants cannot afford to anticipate a demand, or buy more than the exact quantity required at the moment, as returns have to be waited for before fresh purchases can be made. As regards Manchuria there is not much to be said as yet. It will require time to straighten things out there, and so far as one is able to jutge from reports and rumours some real progress is being made. Arrangements are formulating to
This has
establish Customs Houses on both the Northern and Southern frontiers, the only obstacle at pre- sent being Japan's stipulation that the latter should be under the control of her own country- men, and a certain percentage of the revenue to
=
AMOY CUSTOMS RETURNS.
OCTOBER 13TH, 1906. List of the principa goods passed through the Amoy Customs Horiso from 22nd September to 21st September, 4 p.m
IMPORTS.
Goods.
Cotton, Raw, Indiau Nativo Yarn
Shirtings, Grey
T-Cloths
Shirtings, White
T. Red Shirtings Drills....
Shirtings Dyed, Brocades.
Damasks
Dyed
Camlets Lasting.. Spanish Stripes Lustres, Figured. Lead in pigs Tin in slabs. Iron, Nail rod Quicksilver Iron, Old Ironwire Rice Opium, Patna
Szechuan Yunnan Kiangsu...
QUANTITY. pls. 28 60
13
1,114
pes. 2,400
19
2,036
2,016
200
233
245
146
J
yds. 1,825
11
pls.
"
67
17
"
280
14
1
+
19,518
D
Benares
200
+
Persian
2
**
Malwa
1
16
21
75
286
111*
19
16
1,329
8,404
**
2,887
518
pcs. 23,400
gal.
Sesamum Seed Hapanwood Sandalwood
Rattans....
Wheat Flour..
Beancuko
Beans and Pens Bicho de Mar Mats, Tea..
Oil, Kerosene American
Borneo in bulk Russian Sumatra
Coal
Tobacco Leaf Vermicelli
Bulk.
20
ton..
pls.
638
密量