February 23, 1907.]
COMMERCIAL.
RICE.
SAIGON, 8th February, 1907.-Mesars. G. Hale & Co.'s Circular states:-Prices have advanced considerably owing to a large and well kept up demand for China and Japan, and the market closes steady.
We quote for February/March delivery — No 2 White sifted (trić) steam milled
(round)
•
No. 2 White unsifted (ordinaire) steam
milled (round)
5% Cargo steam milled (round)
10
% Cargo steam milled (round)
20% Cargo steam milled (round)
CHINA OVERLAND TRADE REPORT.
EXCHANGE
FRIDAY, Feb. 22nd.
ON LONDON-Telegraphic Transfer...2/2}{
Bank Bills. on demand
Bank Bills, at 30 days' sight...
Bank Bills at 4 months' sight
Credits, at 4 months' sight
ON PARIS
2,211 221
2,
2·3,
Documentary Bills. 4 months' sight,2,3,
Bank Bills, on demand... 2×2 Cr dits 4 months' sight
www
1
127
COTTON MILLS.—With the exception of Soy Chees, which have advanced to $42, and Hong. kongs, which have advanced to $11.90 with buyers, we have nothing to report auder this heading.
MISCELLANROUS, - China Providents bare steadied and close firmer at $8.75 with buyers. Green Islands have changed hands at $213 and Watsons at $12, both stocks closing with bayers. We have nothing else to report under this heading.
Quotations are as follows:
2861
ON GERMANY. On demand
999
ON NEW YORK.- Bank Bills, on demand.,541
Credits. 60 days' sight
554
$3.45
ON BOMBAY Telegraphic Transfer...1+5}
Bank, on demand
COMPANY.
1654
$3.05
$2.98
ON CALCUTTA -Telegraphic Transfer..165)
Bank on demand
Alhambra
1651
Banks -
$2.88
ON SHANGHAL-Bank, at sight
73
734
ON YOKOHAMA - On serand, ON MANILA.—On demand
Utt
091
* Prices according to terms and conditions.
OPIUM
HONGKONG, February 21st
Quotations are:-Allowance net to 1 catty.
Malwa New
$810 to
per picul.
Malwa Old
$800
to
do.
Malwa Older
£900
to
do.
Malwa Very Old $940
to
do.
L'ersian Fine Quality ..£600
to
1.
Persian Extra Fine
$670
to
Patna New
$892] to
do. per chest.
Patna Old
to
*l,
Benares New
..$837
to
do.
Benares Old
to
do.
RAW COTTON, HONGKONG, 22nd February. done. Stock about 1,200 bales.
Bombay.
Bengal (New), Rangoon
and Dacea
Good business
$17.50 to $20.50 per pel.
20.00 to 22.50
Shanghai and Japanese 25.00 to 20,00 Tungehow and Ningpo 2500 to 26 00 Reported sales, 100 bags.
YARN.
"
|
|
Private, 30 days' sight
ON ING PORK.-On emand ON BATAVIA. - - On deu and ON AIPHONG.—On demand. Ov SAIGON-On dema d.. ON BANG OK.-On demand.
..51 p. p.m. 1341 Ip.c.p.m
p.c.pm. 65}
SHARE REPORTS. HONGKONG, 2nd February, 1907.—We have another dislocated market to report apon, the race holidays having materially interfered with business, already upset by the China New Year holidays.
Hongkong & S`hai..
National B of China
A. Shares Bell's Asbestos E A China-Bornea Co. China Light & P. Co. China Provident
Cotton Mills -
Ewa Hongkong International Laou Kung Mow Seychee
Docks & Wharves-
H. & K. Wharf & G I. & W. Dock New Amoy Dock.. Shanghai Dock and
Eng. Co. Ltd .
S'hai & H Wharf
The volume of business has Dairy Farm consequently been but small, and rates hare ruled irregular. At the close a steadier feeling is apparent, and we look forward to the market resuming a normal tone during the next week. Exchange on
London: TT 28. 24. On Shanghai Tle, 73,
BANKS Since date of our last Hongkong & Shanglais were again placed at 8900 cum divid. end. Later, however, after the meeting on the 16th inst, the rate gradually rose to $880 ex dir., and a small demand not being met completely the market further impr. ved to 8885, 8890 and $895, at all of which rates small lots have chang. ed hands. The market closes steady at the higher rate. Nationals remain unchanged and without business.
MARINE INSURANCES.-The demand for Cuions not having been met the rate has further improved to 8×25 with buyers and no sellers. gso. We have nothing else to report under this Small sales of North Chinas are reported at
FIRK INSURANCES. - Hongkongs
bire further improved to 8885 with fair sales, the market closing stendy at that rate. This Com. pany has issued its annual report, which recom
MP. Eduljec in his Report dated Hongkong 22nd February, states:- The market has not yet entirely opened as the annual festivities are still being kept up in the country, and most of the limited sales reported holow any be considered 'complimentary," or New Year settlements, but are by no means any indication of the market. | heading. The outlook, however, is far from encouraging, and in repeating late quotations it
must be! admitted that they are more or less nominal The turn that the next fortnight or two will bring forth is looked forward to with anxiety by all concerned, as on it depends, in a great measure, the readjustment of values of the heavy stock carried forward from last year In Tens some demand may be expected as the attitude of dealers during some time pust has painted to this event, hut for other counts further developements must be awaited. Meanwhile the market closes quiet.
Sales of the interval aggregate 4.229 hales, arrivals amount to 1,250, unsold stock estimated at 102,000, and uncleared yarn at 23,000 bales,
Local Manufacture -- -No business has trans- pired..
Jarar ese Yarn:- A parcel of 150 bales No. 20s is reported to have changed hands at $134).
Raw Cotton-Indian descriptions continue to move slowly and the only business of the interval has been the sale of a small parcel of 70 bales New Superfine Bengals at $104. Nothing dong in China Colton. Quotations are Bengal New $19 to £20 and Old $18 to $19), China * 22 to $241
Exchange on India has fluctuated slightly and closes to-day at Rs. 1651 for T/T, and Rs. 1651 for Post. On Shanghai 73 and on Japan 100).
!
The andernoted business in imported and local¦ spinnings is reported from Shanghai during the fortnight ended the 16th instant, viz:-
Indian:-The New Year holidays have inter- fered with business and sales of about 4,000 ! ales are reported at a small variation in values. Unsold and uncleared
yarn was estimated at about 150,000 bales.
Japanese-About 1,000 hales are reported to have changed hands at easier rates, market closing weak in sympathy with lower prices in Japan.
LocalNo fresh business from first hands. The quantity of sold and uns ld yarn with the local Mills being estimated at over 69,000 bales. To relieve this congestion some of the Mills have stopped working for thice to four weeks.
mends a dividend of 84, an addition to the Reserve Fund of £35 555,55, and the carrying forward of $435, 36,75 en 1906 ale. China Fires have been placed during the week at $48, and chase with seiler, at $99.
SHIPPING-Hongkoog, Canton and Macaos have found small buyers at $3, the market closing steady at that rate. Indos have ruled quiet at $86 nominal, with no business to report Chin & Manilas have receded to 8:44 with out inducing buyers to come forward
|
4. Island Cement. Hongkong & C. tias Hongkong Electric.. H. H. L. Tramways Hongkong Hotel Ĉa Hongkong Tee Co Hongkong Rape co H'kong S. Waterboat.
Insurances Canton China Fire China Traders Hongkong Fire North ChinER Union Yangtze
PAID UP
QUOTATIONS.
$200 $120
$125
1 $895. x.d.
London, £108, c/d
£0 $51
12s. 6d. $7. sellers
$12 $10, sellers $10 $01, sellers $10 48.75, buyers
lls. 50 Tla 76
$10 $1190, buyers 118. 75 Tlx. 65 Tis. 100 Tis. 135 Tla. 500 ('la. 420
$6 $10).
$50 1941, sellers $50 $140, sale+ 861 312
piton Tls 1071, buyers
$20
100
Mla. 232j,x n.i.sei.
/ [l. 222}. n. i sel.
Fenwick & Co, Gro..
$25
$21, sellers
$10
3211, sales & sel.
210
$10
$175, huyers
$100
$16, sellers
$215
$50
$123
$25
$10
$232, buyers x.d.
$21, sellers
$10
$61, sellers
$50
$295, «ller
$90. -ellera
$25
$90
$50
$385, sales
La
¡Ts. 80, salon
$100
$60
$8:3, buyers
13157)
!
$100
$10
$107, buyers
$11. 25, sales & b.
$30
$371, buyers
24 The 50
The 101] xd.
{ Tls. 25
$50
Ils. 64, now issue $501
Fex, 250
$450, nominal
18 10
$84, sellers
$10
$5
$100 $100
$120
$21, sellers
$25
$201, sellors
$50
† (6, «-llers
$15
£10
230, bayers
总】
$10
38/, buyers
$30
$5
$20
Land and Hul linga
H'kong Landinvest Humphrey's Estate Kowlon Land & B
Shanghai Land
West Point Budding
Mining..
Charbonnagra
Kaul
Shells are quired for at the advanced rate of 38 6 without bringing any shares on the market Douglases and star berri. « remain neglected stquotations | Philippine Co
REFINERIES - We have nothing to report under this heading.
MINING. Raubs have ruled weak and with- out business. Stars could probably be obtained under the quoted rat Charbonnages un- changed and without business.
Docks, WHARTES AND GODOWN8. — Hong. kong and Whamps Deeks continge steady st $ 4 and swalls les have been made at that rate. Kowloons remain ou offer at 894 without inducing any but the smallest business. Shan- hai Docks have improved and at time of closing can be placed at Tls 17), and probably at Tig. 148. New Amey Docks anclanged and without business.
LANDS, HOTELs and Buildings. — Hong- keng Lands have changed hands at $106 and $17. also forward at comparatively slightly lower rates, the market closing with small Fuyers at $107. Hotels remain at 81±8, st which rate a few abares could still be placed. Hum hreys have changed bands at $11.20 and 8111, cl sing steady at the latter rate. 8bang: bai Lands are quoted at Tls, 101 ex div. of Tla. 11.
Refineries
China Sugar Luzon Sugar
Steamalup Cmpanies China and Manila Douglas Steamship, H., Canton & M
Indo China XX Co
Shell Transport Ca
Star Ferry Do. New
South China M Post Steam Laundry & o Stores & Dispensaries
+
Campbell, M. & Co. Powell & C», Wш ! Wathing Watson & Co., A. S
United Asbest c
$25 $24
$5 $51
+
$10 $30, sellers $10 $71, buyers 310 $2.50, sellers $1 + $12, unles & buy.
$4 $10, bayern $10 $150
Do. Founders
VERNON & 8MYTH Brokers