198
COMMERCIAL” .
OPIUM
HONGKONG, March 20th. Quotations are:- Allowance nef to I catty.
per pient
do.
do.
Malwa New
$850 to
Malwa Old
$900 ta
Malwa Older
$930
to
Malwa Very Old $970
to
Persian Fine Quality -8600
Persian Extra Fine
Patna New
Patna Old
$700 8002} fo to
to
to
.$9371 to to
du. do. do.
do.
do. do. per chest
THE HONGKONG WEEKLY PRESS AND
PIECE GOODS.
24
[March 23, 1907
Messrs. Ilbert & Co.'s Piece Goods Report is as follows :-The market continues quiet in all its branches, one of the main causes paralysing Magers. Noel, Murray & Col's. Report on the
trade being the great rise in the price of rice which Shanghai Piece Goods Trade, dated Shanghai, has taken place recently, and which is now very 14th March, 1907, states-Although we have
dear in practically all of the important distributing centres, of which the often been forced to say the same thing before in
three following are recent years we must repeat it, with greater · instances:- Ningpo, price of average fears, $3.50, emphasis than ever, that importers have not . present pices, $7.54. Shanghai price of average experienced such an utter state of stagnation as, Years, $5,00, present prices, $8 20. Wuhu, price now exist in this trule. At this time of the of average years, Tl2 3.00 prosent prices. Tls. year, especially, there has usually theen sotne
As regards piece goods the nearer outlets are fairly toudy in prices, which are barely enquiry for goods held by first hands t - make up ↑ for what had not been indented for, or bought for equal to those ruling prior to Chinese New forward delivery at the close of the previons.
Year, but there is no desire to buy from first Newchwang season, but the dealers appear to have supplied hands exept in limited quantities. themselves with more than they can cope with,
has opened very disappointingly, owing to re- judging by the clearances, which cannot 1145
stricted credit amongst merchants, and shipments described as more than moderate. It appears
going up by first steamer are barely worth record- that the native holders in Tientsin were rather
ing, being as follows: English Greys and Whites too grasping when the market opened there after
Bau putekagne American Sheetings and Drills Messrs. Hughes and Hough, in their Coal the holidays, and are still asking more than would
200 jatekage,
100 packages, Report of 21st March, state that 20 steamers encourage a brisk consumptive demand, but the are expected at Hongkong with a total of 71,400 greatly diminished credit which the Native bank- tons of coal. Since March 11th. 13 steamers have been forced into granting, may in time, by have arrived with a total of 47,200 tons of coal. ! lessening the supply, cause enhanced prices to be Small transactions are reported in Japanese at i paid. The curtailment of credit by the banks 15 alightly improved rates: there is a small enquiry, making it most uncomfortable for all Lodders, and for Australian but no stock available. Other it is understood some of the larger dealers are comi- kinds neglected. Quotations:--
Cardiff.
Benares Ner
Benares Old
COAL.
.$1400 to 15,00 ex-ship, nominal. Australian $10.00 to $11.00 ex-ship, nominal, Yubari Lump...$12.00 nominal. Miiki Lump ...$10,00) nominal. Moji Lump
$6.00 to $8.00 ex--hip,stoudy. Moji Unscreened$6.00 to $7,00 ex-ship, steady. Akaike Lump...$7.75 to $8.50 steady. Bengal... $9.00 to $9.30 uominal.
RAW COTTON. Hoyakoxa, 22nd March.-Good business at slight rise. Stock about 850 bales.
Bombay.. Bengal (New), Rangoon
and Dacca
¦
+
i
bining to send goods up without that assistance, and are now busy making the mossary arrange- ; ments, to the disconforture of their weaker
competitors. The situation here is alt gother unsatisfactory that the least said alwart it will be : soonest mended. The actual shipment of cargo by the first steamers that cleared for Newehwang on the 5th instant show that even the quantity we mentioned last week was too exces ave, as only about 1,200 packages really wore shipped and of these the largest proportion is said to consist of fancy makes. It is thought, however, that this ¦ may have been the result of the shipments via Palny to evade the duty, or rather to avail of the 8: drawback of the import duty here that has hitherto been obtainable on goods goang to Man- churia via that Port. It seems to us, hi wover the reports of shipments via that route 125 M que churia, if the Custours returns are to do acid on, are, or were, very greatly exaggerated, the 4 actual quantity returned as being shipper {'rs year so far being only about the packages pince goods and yarn. Investigation during the last 1 four months as to the prospects for tradin Nowchwang generally have not unt wath very encontaging resulte The country has seen the seat of war for nine years almost continuously and its effects are only just being alleviated The change from the Russian demnation to that |
$17.50 to $20.50 per pel.
20,50 to 22.50
Shanghai and Japanese 25.00 to 26.00 Tungchow and Ningpo... 25.00 to 26 60
Reported sales, 650 balos,
YARN.
# concession of
!
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i
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of the dapsinese is very severely felt, for whe the former park in a net lavish manner for all their requirements without question, the Japanese t buy nothing but what is imported from their
native. The consequence is there is no currency
“Astem wich is most unsatisfactory and enmber- SVISIO There
.1 strong desire amongst il classes for Forengn banks to open la viachis there in the hope that the actual MICHIGA and would be more plentiful, but the prosperts are not at all encouraging as yet, and it 1- likely they will have to work out their own salvation for another year at least. The report that a stock of fully GecỘT Tales of
American prev remained uncon-umel in Manchuria at the herme of the season if confirmed will be sufficient t
Mr. P. Eduljee in his report, dated Hong-
March. kong, 22nd
states-A
quiet but steady inquiry has been experienced throughout the whole of the past fortnight. and fair sales have beền effected at 50 cents tor $11 per bale, despite the sharp decline in exchange. Under ordinary circum- stances a considerable advance in 'prices would have taken place, but importers, being greatly influenced by unfavourable advices from Shangn country and live just as frugally as the hai and having in view the wretchiest conditioni of the neighbouring country markets consequent and all transaction have to be done on the transie on the prevailing famine in the Southern Provin. 1 ces, do nut believe in any improvement in the position in the near future, and are making most of the demand while it lasts. To add to the gloominess of the situation deliveries are greatly retarded by the hogvy discount of &or § per cent. on silver remittance from the country, Sales of the interval aggregate 5.1SE Tales, arrivals amount to 7,598), udsold stock estimated at 82,000, and sold but uncțared stock in second hands 25,001) bales. Local] Manufacture; – Sales reported are 350 hales Nosh 10s and 128 at 183 and 185 respectively. Japanese Yarn:-Alout 250 bales No. 20s are reported to have changed
Raw Cotton bauds at from $126 to $136. New Bengals are in fair request, old bernst difficult to more, and about 100 lales of the former have found buyers at from $20 to $211, and 160 bales of the latter at $15. In Chinese descriptions 200 bales Thoungchow are reported sold at $231 to $24. Stocks 997 lales Indian and 393 bales Chinese. Quotations arc Bengals $18 to (21) and China $22 to $24). Exchange on India has continued to decline through-
a decline out the fortnight showing
of 7 points and closes weak to-day at Rs. 1564 for T l and Rs. 157) for Post. On Shanghai 724 and on
The undernoted business in im- | Japan 108). ported and local spinning is reported from Shanghai during the fortnight endel the 16th instant, viz-Indian: Market dull and quiet, some 2,700 bales only changing hands at or about previous rates, notwithstanding the heavy decline in exchange. Total estimated stock of unsold and uncleared
153,000 baleg. Japanese:-In good inquiry at a slight reduction in price, total settlements amounting te 2,000 bales on the basis of Tls. 93 to 101 för No. 208. Local -No fresh business is reported.
Varu
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1.
supply the requirements of that plass of garls for the next seven on eight months The dealers in Newchwang lost last pear, and the Native lank.
nly just managed to hold their own, two of them, however, have not re-opened this year long as the Japanese retain control of the tail. way and grant preferential rates on gools to and from Dalny, and at the same time put odstacles in the way of the Junk traffic, the Newchowang trade will b‘a dead letter, the only Foque best, for a
new Chinese owned line of rail directly North to the West of the present line present the transport service is entirely at the mercy of the Japanese at Dalny, and the new Commissioner of Customs is a young man of that nationality From this it will be gathered that benefits to foreign trade to be realised by an open Manchuria are not for the nea. future, but that A recent arrival they will come ne und ɑhtml
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from the North describes the great tuigration that . 18 now in progress from Shantung and chibli st
-Chinese labourers, who are warming into Man- # churia both by steamer and junk, while thousands are tramping at alongside the railway The result of their labours will be felf, but it will not be this
At the same time their year. presence will a cause a demand for fresh and further supplies.
Hombay Yara
Fancy goods fo) packagès. There has been very little doing with home markets in the interval, prices long on a different level altogether to the 38 ruling here, and the decline in exchange wa jeh has set in is widening the breach.
MISCELLANEOUS IMPORTS,
HONGKONG, 22nd March.—The prices ruling ate as follows:
Corios YARN Prices have further declined alon: $1, but subsequently, owing to the heavy drop in exchange, this decline has been recovered and a fair anuber of bales were put through. quotations are —No. Its at 270 to 195; No. 16s. at
out.. $128, and No, 20 at 997 to $110. Arrivals 2200n bafes Sales 7,000 bales; Bargains 73,000 balos, I'n solid stock 62,000 balev,
Bombay Now 10 to 20... $8000 to $120.00 English No 16 to 24, 1 kocks fo 145.000
22 121, 1 to ...155 On to
185 on to
Market flat
Corton Poker
......
* to 82.
R$ 16 $2,
Goups
Grey Santing- lb..
941114
What S. ufiugs
13.000
160.00
170.00
Nothing
per piece $2.10 to $2.50
X:00 to 3.70
6.00 to 4.80 54136 ml 270 to 2.90 SK 60... 3.00 to 3.20 3 25 fo 6.30
$30 to 7.60
GLE+ GG Fine
1
Hook-folds 5.00 tu 12 yards ... (AO 19rdy 1200
7.75
to
1.50
2.40
Tajethe dish, 32a
32
6lbs 32
to 3.75 (Mex) 2,20 to 2.35 715 32
2.10 tu 3.05 to NEM, 36 in 300
3.70
་་
Market dull (0)
Drills, English Koyil. J $30 to 7.23
Fys to TON Sumali sale.
Turkey Red Shattings
Bros odes – Dyed... Chintzes bགསདདr{ v{ Velvets Blak, 22 in. Velveteen.
1% 10.
- 14 to
Sib
per piece $1 ×0 to $3.65
per yard
to $ to
EXCENG
to 41.42
to {{
01.22 per doz
Handkerchiefs-funtation Silk 80 45 to $5.00 WooGEEN Sull sale. Market dull.
per yarıl Spanishstripe** Sundry chops $0.52 to $0.95
Gerudn. Habit, Medium & Eroad Chths,
Long Ell Scarlet, 7-10 11
Assorted
to 1.75 to 3.00)
per piece
86 25 to $9.50
6 # to 015
MISCELLANEOUS EXPORTS,
Per steamer Printess Aler, sailed on 14th Mar. For Smyrna
10 cases essential oil.
For Bey- For Alexandria : routh-eases ciasta ligura --101 9PN CANA For tiena —146 bales raw silk, “cases furniture, I case cigars. For Trieste
2 comes hats
For Antwerp 120) balos bamboo, til føles i af t -bacco, Il cases, pre«rver. 9 cutes Elisa kwe**i* cre, frases chinaware, i enseį eights. Þa Antwerp or Bremen 1:34 bales leaf tobacco. For Amsterdam -13 tales leaf tobacco. Bremen 22 rolls matting, Là cases cigars. Hamburg -2.791 pieces copper, 1 47 halos feathers, No cases essential oil, 30 cases bristles, 30 dasen staraniseed, Lú cases blackwoodware, 25 dusH human imur, 2 cases chinaware, 20 cases jgum elami, 3 cases feathers. For Copenhagen :—150
For London :----¡ cases cigars.
bales featheri.
For
For