334
COMMERCIAL.
YOKOHAMA MARKET REPORT.
The Yokohama Prices Current and Market Report, published by the Yokohama Foreign Board of Trade, and dated Yakohama. October | 30th, 1906, has the following :--
HONGKONG WEEKLY PRESS AND
TEA.
Messrs. Welch, Lewis & Co.'s Report of 27th October, 1906, states :- Our last tea market advices were dated 13th inst. Black Tea. The few settlements reported shew a fairly strong market. Green Tea. -l'ingsucy.—A firm attitude on the part of owners of "Good" quality teas has limited the business in Pingsueys to a com- paratively small compass, and for desirable tens we quote but a slight decline. Country Teas -- A good business has passed since our last, prices have been rather irregular, but we can quote an Yarns.-The "spot" market is a little more
advance of Tls. 1-1 per picul on "Medium" active. Shirtings.-A fair amount of forward
teas, while in the case of the " Fine" teas it has business has been done, buyers seem to realise
been considerably more. that prices will keep high for some time. Fancy Tea has been settled at Tls. 38 per picul. It is One chop of Taiyuen
IMPORTS.
·
Cottons and Woollens. There is some revival in demand, but we do not hear of fresh orders being booked. Metals.-Stimulated by reports of great- er activity in the Osaka market, the Tokyo metal market has shown a steady improvement during the period under review. Plates, Sheets, and Bars are now moving freely at remunerative prices, while Galvanised Sheets are greatly in demand. Kerosene.-The market is firm. Sugar. -The market for the past fortnight has been without much interest, and although there are signs of activity owing to the decrease of stocks, native dealers have not yet commenced operations. Since last Report no business has been transacted by the Tokyo Refinery, as, owing to the long spell of bad weather recently prevailing, orders from up country were restricted to a considerable extent. Indigo-(Natural),-No business doing.
EXPORTS.
Tea.-Market unchanged. Total settlements from May 1st to October 29th amount to 102,995 piculs, against 109,694 piculs at the corresponding date last year.
Fish Oil. No change and no transactions to report. Copper. According to telegrams received from home, the upward "ten- dency seems to have come to an end, and exporters | are, offering much lower prices, for forward delivery especially. Holders, however, refuse to sell looking out for another improvement.
SILK REPORT.
Our last report was dated the 16th instant, and during the fortnight under review a very large business has again been done at rapidly advancing prices, with the result that our warket closes very firm. Principal buying has this time been for America, and full sized silks have advanced from Yen 1,065 to Yen 1,105 for No. 1-11 Filatures "Mikunisha Class," and from Yen 1,090 to Yen 1,120 for No. 1 re-recls, while
buying for Europe, although also considerable, has not been quite so large and has only resulted in driving prices up about Yen 25 for fine sizes. It is a noteworthy fact that at the end of the current season 18,865 bales have been disposed of and 44,151 bales have been exported from Japan, figures which beat any others for an equal period of previous seasons and establish a record in the annals of this country's raw silk
trade.
WASTE BILK.
Since last report considerable business has been done in waste, both in Kibizzo and in Noshi, at prices slightly below last quotations. Market at the close is extremely firm.
OPIUM.
HONGKONG, 1st November, 1906. The movements in our various Opium markets have b een as follows:-
Malwa Patua. Benares, Persian.
the choicest flavoured tea we have seen for some years; it is also carefully prepared and shews what the teamen can do if they will only take the trouble. Sow Mees.--A further demand has set in and prices have advanced Tls. 243 per picul, the stock of "Fine" teas being exhausted. Hyons. -A small business only has been done, but on the whole the market shews a stronger tendency.
PIECE GOODS.
Messrs. Noel Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai 1st November, 1900, states:-The British Com- mercial Attache, who has just arrived from the North on a visit to this Port, is the bearer of much more reasurring news concerning the trade conditions in Manchuria than has been current for a considerable time. He states that great changes have taken place since the visit of the representatives of some of the leading import houses here early in the Summer. From advices just recently received from a personal friend in Tsitsikar, the principal distributing centre in the province, he learns that the place has a much more active appearance. Goods are moving in all directions and confidence is being rapidly restor- ed. He quite expects that by the time the remainder of the Russian and Japanese troops have evacuated the province in April, as stipulated in the Treaty, that Customs Houses will have been established by China along the frontièrs both North and South, confidence will be greatly improved and trade will begin to flourish again. He is confident the natives have ample money, but at present are hoarding it up, until such time as the country is free from the foreign armies, with their attendant undesirable camp followers. doubt the currency question will be straightened out by then and the province will be able to set an example to the rest of China; but at present the financial arrangements are in a state of disorgani-
**
No
[November 12, 1906.
AMOY CUSTOMS RETURNS. NOVEMBER 5TH, 1906. List of the principal goods passed through the Amoy Customs House from 27th to October 2nd November, 4 p.m.:
IMPORTS.
Goods.
Cotton, Raw, Indian
Native Yara
Shirtings, Grey
T-Cloths
Shirtings, White T. Red Shirtings Drills..
Shirtings Dyed, Brocades.
Dyed
Damasks Camlets Lasting... Spanish Stripes
Lustres, Figured. Lead in pigs Tin in slabs Iron, Nail rod Quicksilver Iron, Old Ironwire Rice
Opium, Patna
QUANTITY
pls.
"
419
1,216
pes. 910
150
"
395
**
1
會
yds.
11
pls.
"
"
་་
"
3,035
11
Benares
+1
1+
Persian
Malwa Szechuan Yunnan
Kiangsu
Sesamum Seed Sapanwood Sandalwood
Rattans.. Whent Flour.. Beancake
Beans and Peas
Hicho de Mar Mats, Tea.
y
Oil, Kerosene American
Coal
Borneo in bulk Russian Sumatra
Bulk
11
++
| | 9| 5 || 185 | 88 | 2* | * * 8 8 8 38 | 15
pes. 18,540 gal.
11
tona 72 pls. 1,100
805
Tobacco Leaf Vermicelli
EXPORTS.
GOODS.
pls. 381
++
Sugar, White
Brown Candy Hemp Bags
Backing Paper I Quality
++
I[ Tobacco, Prepared Kittysols (umbrellas}
QUANTITY
12,012
1,185
pes. 10,000
pls.
11
17,100
287
FE
90 7
*
pcs.
MISCELLANEOUS EXPORTS.
Messrs. Arnhold, Karberg & Co.'s Fortnightly Produce Circular, dated Shanghai, 29th October, 1900, states:-Gallnuts.-Tael prices for plum- shaped galls are a little lower, but the decline is fully set off by the higher exchange. A fair business has been done in usual quality, although dealers are not very keen on selling until fresh arrivals come in. Cowhides. - Although high prices are offered by European buyers, so far only very small quantities of B. S. and seconds have
sation and the native banks here decline to give any facilities on shipments to those parts. There is really no improvement to note in our market. Clearances have been a little better, which indicates that the dealers have re-sold a little more; as for fresh business, that seems to be quite impractic able in plain staples, but a quiet demand continues for dyed fancy cotton fabrics still, though home We regret to prices seem somewhat prohibitive. have to state that the information given us last week with regared to the Manchester market being strung owing to a "spinners strike was not correct. The mistake, occurred through the muti- lation of a word in the telegram, which on repeti- tion, signified that the market was quiet, but firm. This week the rapid decline in cotton has caused manufacturers to lower their prices two to three per cent, but it has no effect here, there being not the slightest inclination to buy. The latest quotation for Mid-American in Liverpool is 5.85d., eight points below Tuesday's closing price. Egyptian remains at 91d. The forward quotations for American are 5.65d. in Liverpool for all this month and 10.16 cents in New York for January option. There are no advices of that market for domestics. The market is as dull as ditch water. Native forward contractors of local yarn are endeavouring in keep prices up, but it is a hope-been contracted for, whilst the Chinese do not less task with imported spinnings falling away as they are. Manipulators of native cotton on the other hand are managing to sustain quotations, There has been a little rain this week, but the bulk of the crop is safe. We understand a fair parcel of best white shirtings has been booked from stock, and also a few more, under indent, for Spring delivery, but these transactions appear to be quite the exception. It is hoped that the steamer just advertised to load for Corea will have better luck than she met with a week ago, when she was withdrawn from the berth, but this time we understand a certain amount of cargo is guaranteed. It will not involue any fresh buying, the natives have ample on hand. At the Auctions for plain staple cotton goods prices have ruled irregular with, we should say, a lower tendency. 4/5
Woollens also are inclined that way, but the Persian.-Demand small for best long cakes at fancy goods, turkey reds and black cotton
lastings were firmer on the whole.
Stocks as per circular of
16th Ultimo, 1906 Oct. 18th, Imports per Delta
"
29th
2
11
Kum Sang
Less Exports to Shanghai Less Exports to East and West Coast Ports including Local Consumption for the fortnight..
Estimated Stocks this day..
156
843 2,077 993 1,675 1201
974 560
963) 3,051 1,553 1,831
62 470 126
111} 661 274 139
790 1,92) 1,153 1,602
Bengal-The market has been active during the interval, owing to deliveries being on a satis. factory scale, and prices advanced to $910 for New Patna and $850 for New Benares.
Malwa.-A small business at a decline of $20 has to be recorded.
Quotations are:-
$125.
New
2
years old
8
95
$ 800
930
980 1.020
¡
|
care to make any forward contracts for Buffalos. Tobacco. — Market unchanged. Feathers. No Cotton.- change in prices, stocks very small. Tael prices are very firm, notwithstanding recent advance in exchange. Tallow. The home market shows a continued upward tendency. but ideas are not yet in accordance with the demands of the Chinese. Stocks of white veg, tallow are exhausted and new supplies will not come in before December-January. Strawbraid.---Stocks are increasing, but there is little doing, as dealers are not as yet prepared to discount the late rise in exchange. Wood Oil-For some time past business has been almost at a standstill. Holders will not reduce their demands sufficiently to allow sales at bayers ideas. Goatskin Rugs.—— About 8000 Newchwang have been settled at Tls. 1.35. Wool-Sheep's, Camel's and Goat's.— Stocks are fairly large and business has been restricted owing to the high exchange.