Į
150
COMMERCIAL.
KOBE MARKET REPORT.
The Kobe Market Report, published under the direction of the Kole Foreign Board of Trade, and dated (Kob) Hiogo, 15tu February, 1907, | has the following:-
IMPORTA.
11
Cotton -American.—The fluctuations since our last report have been within a very small scope, "forward" Middling being quoted at Yen 34.75, but no fresh trau actions are reported. "Spot remains unchanged, though stocks are small. No inal quotation Yen 33,50. Indian. In view of the continued movement in speculative circles and to transactions being effect d below home rices, no legitimate "forw·rd" hasiness is re- ported. Small business has been done in " spot,' the market, however, is still very dull. Quota tions are:-Broach, Yen 20; Akola Khamquam (new), Yen 23.50; Bengal (new), Yen 2175 Chinese-Owing to the comparatively high prices ruling, and to the Chinese New Year intervening, no "forward” business is reported. "Spot likewise, is nominal, best being quoted at You 30.50, and Common at Yen 26.50. Shirting-.- Grey and White.—No change. Cotton Goods and Fancies.Quiet. Worsted and Woollen Nothing of importance to record. Metals Unchanged. Sugar.-Feet-Stocks nearly dis posed of; no fresh transactions likely to take place at present home prices; nominal quotation Yen 15.20 for German Crystals. Cane.— Raw.— No business doing on account of buyers waiting for lower values on the other side. Osaka Re- fined. At the auction held on 7th instant, 3,300 bags were sold at unchanged prices. Rice.-Prices firmer.
EXPORTS.
Fish Oil-Market remains firm with good enquiry, but no stocks are obtainable, nor transactions reported, prices unchanged. Cop per. Very little business doing: not much offering. Rice-Market continues firm. Cot- ton Yarns.. The Chinese New Year holidays intervening there is no change to report in the condition of the market. Vegetable Wax.-Mar- ket remains firm under last report's' conditions. Some 200 cases are reported to have changed hands at between Yen 33.50 and You 33.75, otherwise shippers are not buyers at present prices. Matting. It was expected that the approach of the end of the old year (according to the old calendar) would have had the effect of lowering prices; on the contrary the keen competition that has been going on in the produc- ing districts for stock goods has advanced prices 20 sen to 30 sen per roll. Generally the market shows a firmer tendency. >tr.w Brid. —å fur- ther slight decline in prices has to be recorded since our last report, and generally speaking quotations have been easier for most 8 rts during the past fortnight. Chip Braid-The enquiry has been rather dull, and prices are reported now somewhat weaker in consequence.
SILK.
The following details are from Mr. F. C. Heffer's report:-Telegrams report quiet Markets at Home and quote Gold Kiling in London at 14/74 and in Lyons at Fes. 41. Raw Silk.-Since the date of our last issue business has been practically sus pended owing to the Chinese New Year holidays, Hand Filatures.- A few settlements of re-reels are reported for America; particulars are appended. Steam Filatures.-Nothing doing.
OPIUM
Varch 1st Quotations are:-Allowance net to 1 catty.
per pic al.
de.
HONGKONG,
Malwa New
$810 to
Malwa Old
$860 to
Malwa Older
$900 to
do.
Malwa Very Old $900
to
do.
l'ersian Fize Quality .80 0
to
do.
Persian Extra Fine ...$690
to
Paina New
.89471 to
Patna Old
to
$930 to
to
www
Benares New
Benares Old
PIECE GOODS.
da, per chest.
do.
do. dɔ.
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Gools Trade, dated Shanghai, 21st February, 1907, has the following:-Our last Report was dated the 7th February, since when the market has been closed for the native New Year holidaya. On the 18th instant the first sign of a resumption of business was visible, but the more or less ceremonious visits of the dealers to the Import houses were not accompanied with
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THE HONGKONG WEEKLY PRESS AND
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[ March 4, 1907
before the interval, is well supported with a ¦ tendency towards a higher basis. Stocks are still very heavy, but supplies coming forward should shortly be showing an appreciable curtailment in quantity, although unless clearances soon improve materially it will be a long while before the position admits of business being resumed upon a normal basis. Here and there inquiries for replacements of special goods have been made, but in the majority of c‹ɛes the steadily widening breach between producers' prices and those ruling here have prevented same from being settled, both the Manchester and the New York markets being very firm, practically all reasonable deliveries having gone some time ago in the former, whilst in the latter, goods made from light yarns have advanced enormously in price, though possibly some few brands of three yard sheetings might be picked up for fairly near delivery though at prices which are unapproachable by about a shilling per piece. A fair quantity of
the accustomed awount of complimentary par chases, which has usually ·een a special feature on the re-opening of the market. In a few instances it was done, but for the most part holders are not inclined to give goods away b low the replacing cost, which they would have had to o if they met the id as of buyers It is still very difficult to find out with, ny degree of accuracy how the dealers have fared this la t yer, but, so we can learn, there who have been interested in American goods lost upwards of ¦ Tis. 500,000 on those already realised, but there is a great quantity on their hands to he got rid of yet.
As regards those who have confined themselves to English goods the result was more satisfactory, but, considering the very extensive | outlay, two or three hundred thousand taels to the good cannot be called a flourishing turn- over. .Operators in Indian Yarns have un- doubtedly been the hardest hit, but their losses in many cases have been diminished by lucky operations in exchange. It is early yet to receive advices from the Out-ports, but Tientsin is reputed to be in a fairy promising condition and is evide tly in want of supplies, as upwards of 24400 packages were shipped up via Ching-wan- tuo the first day market opened here. Better | news comes down from Newchwang, where goods are also wanted, and it is arranged to despatch a fair quantity via Dalny almost immediately, through a Japanese Hong. We are credibly inf. rued that the Japanese makers are not weet- ing with the success they anticipated, and already shipments have been curtailed as they cannot afford to continue selling at the attractive prices erstwhile in vogue. The Russian Army is expected to complete the evacuation of Manchuria by the end of this month, and already the I. C. M. Customs have ranged to establish Cust us- houses in the North of the Province, and foreign Commissioners have received their appointments, while active negotiations are going on with regard to the Southern Ports and places of entry.
revival of free shipments to Manchuria from this is the one thing needful to resuscitate this market especially as far as American goods are concerned. Meanwhile the home markets could not be in a more favourable position for assisting The high prices prevailing, and the restricted shipments should give holders every opportunity of realising their stools to the greatest advantage, but at the same time Im- porters will have to content themselves with a comparatively lean year. The market in Man- chester is very strong with manufacturers full of wonk for a long distance abend. The price of Cotton in Liverp ol has kept very fim during the interval at slightly over tÏ,, but during the last few days some weakness has been displayed, ¦ to-day's quotation for Mid-American being 5.93d. For Egyptian the price advanced to 114d., but to-day's telegram knocks off the fraction. The New York market shows no sign of relaxing from the strong position it has held for so long now, the incidental quotation for business done and offering plainly showing there is no intention of making any special endeavour to cater for this trade. A small business is said to have gone through in Jens, but at a very high price com- pared to those ruling here. Cotton is quoted 9.12 cents for March 01 tion. The Yarn wa'ket has been more active than that for piece goods, and clearances of the former are distinctly good, but
the trade here.
deliveries are rather better. Native Cotton is strong and advancing. The actual transactions from first hands during the past two or three days have been quite insignificant, but clearances of former purchases are going on satisfactorily.
'The first steamers for Tient-in should leave here about the end of next week, as the ice in the Puh is expected to break up with the Spring tides at the end of t is month. Until then there is not
likely to be much movement in this market. The regular Auctions have been resumed this week, but for Cotton Goods cannot be considere 1. very satisfactory.
Messrs Ilbert & Ca's Piece Gools Report is as follows-The market at the commencement of the Chinese New Year has opened somewhat quietly, dealers having been unable to place their usual quantities of goods from stock owing to the restricted attitude of the native banks in the matter of credit facilities to their merchants, the banks having been too heavy -ufferers in the past
cargo has been forwarded this week to the ice-free port of Dalny on account of Newchwang mer- chants, soine 4,500 packages of assorted goods going forward, the breaking up of the ice in the latter port not taking place until about a month later. First reports after the China New Year are just in from Hankow, and on the whole give a satisfactory account, piece goods merchants having had a small but prosperous year, while native banks there have also had a profitable year out of nearly all branches of trade.
ON
EXCHANGE
MONDAY, Mar, 4th. LONDON.-Telegraphic Transfer.....2/2}à Bank Bills. on demand ....... 2/2 Bank Bills, at 30 days' sight... .2,213 Bauk Bills at 4 months' sight 283. Credits, at 4 months' sight
2/31 Docu nentary Bills. 4 months' sight..2/31 ON PARUS-Bank Bills, on demand..... 2×14
Credits 4 month sight
286 ON GERMANY. On demand
.228} NEW YORK.-Bank Hills, on demand 541 Credits, 60 days' sight
55
ON
ON
ON
BOMBAY --Telegraphic Transfer...164) CALCUTTA-Telegraphic Transfer.164) Rank, on demand
1651
Bank on demand
1651
721
731
.109
'09
ON SHANGHAI-Bauk, at sight
Privat, 30 days' sight ON YOKOHAMA,--În demand, ON MANILA.-On demand ON SINGAPORE, —În demand ON BATAVIA, - - Ön lem and ON AI"HONG.-On demand.
ON SAIGON —On demand.. ON BANG OK. -On demand SOVEREIGNS, Iank's Buying Rate GOLD LEAF, 100 fine, per tael BAR SILVER, per oz.
..5% .c. pm. 1331
p.c. pm.
p.". pm.
67
$8.95
$17.60
.82
MISCELLANEOUS EXPORTS, Messrs. Arnhold, Karberg & Co.'s Fortnightly Produce Circular, dated Shanghai, 18th Fàbruary, 1907, states:-For the fortnight past only very few transactions have been made on account of the Chinese New Year holidays, and the whole
produce business has practically been at a stand-
We have
still. Gallnuts.-Practically no business has been done since our last report, home values being too low to induce dealers to part with, their stock", which are, moreover, very much smaller than baa Cowhides-Prices keep exceedingly high, and, been the case in previous years at this season.
dealers having still large engagements to fulfill, are not open for new business except at full rates, Feathers.--The good demand for all descriptions prices: stocks are practically nil. Market remains continues and arrivals find ready buyers at good
very firm. Cotton. - Stocks are small. not heard of any business having been done for export in the interval. Tallow.-White Veget- able:- There is a good demand from home, but the high prices ruling on this side admit of only small business being done. Stocks are moderate, and large supplies have still to come forward to fulfill old contracts. Green Nothing doing, prices prohibitive. Ammal:--No stocks. Straw. braid. There is a fair demand for all kinds of plain brai la and prices are unchanged. Supplies have been rather small. Goatskin Kugs.—No
-
year's trading to admit of their ree mmencing business reported: stocks are very small and operations with much degree of confi-lence. holders ask very high prices. Wool-Sheep's. Demand from wat of the principal dependencies · The demand remains`strong and there is no bas scarcely as yet bad time to take shape, and ; change in prices. Camel's-Good enquiry at last has been further retarded by heary talls of snow prices. Wood Oil-Some large contracts have throughout the Yangtze Valley which have also been made during the past fortnight, and dealers hindered movemeat of carge m the interior, but ¦ are very reluctant to continue doing business, what inquiry there is appears to be of steady Antimony-Supplies are small, and prices asked character, and the level of values established for are considerably abové home values,