1
214
COMMERCIAL.
The Kobe Market Report, published under the direction of the Kobe Foreign Board of Trad and dated (Kobe) Hiogo, 15th March, 1907, har the following:
IMPORTS.
Cotton. American. Quotations fluctuated within a small range since our last report, and as high as Yen 37 was reached for “forward' Middling. Prices at the close, however, have declined to Yen 35.50 to Yen 36. Continued speculations prohibit legitimate
business. "Spot" remains nominal at Yen 34.50. Indian.—- Owing to large crop and tightness of money in India, prices have remained low in comparison with other staples. Some “forward" business is reported in high grades. With regard to "sp t there is a moderate demand for white and clean cotton, but owing to the absence of stocks, husi- ness is much restricted, and transactions are confined to old and dusty staples on a very small scale at low prices. Quotations are:-Akola Khamguam, Yên 33 ; Bengal, Von 21.
Chinese,
|
|
THE HONGKONG WEEKLY PRESS AND
A
of the present weakness requires some confirm ation before operators can accept it seriously, and this, may be, is what is causing the almost complete hold-up of business on this market. further proof that this drop of over 7% in sterling rates during the past two weeks is not being taken seriously is the really inadequate prices. paid on the average, at the auctions, in many instances an actual decline being the result, while advances have been seldom over 2 or at the most 3 per cent. American makes are undoubtedly feeling the depression the most, Manchester makes moving with much more feedom comparatively. There is very little fresh news concerning the | Northern markets, but judging by the poor demand there is for tonnage the market in Tient-in cannot be very buoyant. And yet very moderate quantities have gone from here, the total shipment ‹ of American drills and sheetings only amounting to about 1,500 and 11,500 balea respectively this year so far, As was anticipated the river at Newchwang closed again since our List was written, and some of the steamers that ventured in full early were frozen np. It does not soom to have lasted very long, however, for
We
years.
'
understand one of the Indo-China Co's steamers managed to get out yesterday.
The weather up there has been unusually mild this winter and the ice not nearly so solid as in former We have not heard anything concerning the state of the market after the arrival of the first, steamers, nor whether there is much in the way of produce to come down, for after all the demand for imports must be regulated to a great extent by that. There is no appreciable change in the Manchester market, which fortun- atoly keeps very strong in spite of the decline in
Cotton.
Prices bave declined by about Yen 1, but very little business has been done, Best quality is quoted at You 29, and Medium at You 28,50, Shirtings. Little or no improvement to report, Cotton Goods and Fancies. The brisk demand in Umbrella Cloths and Italians is now practically over and there is very little business being done. Deliveries are fairly steady but a trifle slow, Worsteds and Woollens.-Some business has been done lately for high priced Wo dlens. No very big lines are being booked at the moment. Deliveries are rather slow and irregular. Metals.—Are in a very quiet state as regards new business, and the market generally is dull. Sugar.-Beet. - The market shows an upward movement. small "forward" transactions htt in German Beet at prices above present market values. Cano. Raw, Market quiet with advancing prices in sympathy with a telegram from their branch there reporting an advices from producing .contres. No business | of importance to report. A few settlements in Formosa Raws has been made for early delivery. Osaka Refuel.–At the auction held on the 7th March the whole quantity offered was withdrawn owing to failure of buyers to pay the prices required by the Osaka Refinery. Rice.— Prices firmly maintained but market quiet.
EXPORTS.
www
į
|
[April 1, 1907
buy on account of Newchwang merchants have all just received orders to suspend any further buying. This is attributed mainly to the restrio- tion of credit by the native banks there, and does not point to a prospect of any great amount of encouragement for this market in the state of trade there.
MISCELLANEOUS EXPORTS,
HANRow, 13th March, 1907.-The prices quoted are for the net shipping weight excluding cost of packing for export:-
Per pioul Tla. 37,00
-
Cowhides, Best Selected.
Do. Seconds
Buffalo Hides, Best Selected. (atskine, untanned, chiefly white colour Buffalo Horus, average 3-lis, each White China Grass, Wachang and or
Poochi.
WhiteChina@russ, Sinahan and orChayn tireen China Grass, Szechuen Jute
White Vegetable Tallow, Kinchow White Vegetable Tallow, Pingchew
and/or Macheng
White Vegetable Tallow, Mongyu Green Vegetable Tallow, Kiyu. Animal Tallow Gallnut 4, usual shape Gallnuts, plum do. Tobacco, Tingchow Tobacco, Wongkong Tumorie Sesamum Seed
Quotations for the American ataple | Seanimum Seed Oil have been steadily declining, going as low as Wood Oil Some | 54134.
on Tuesday, but recovering two points | Tea Oil reported yesterday to 5 95d. Egyptian has also recovered fo 11 l. after a decline to 11' ̧d. As regards New York, one of our leading houses has received
|
|
unpyvedented demand for cotton pièce gude for home consumption at advancing prices, and adding that the available supply and production appears inadequate to meet requirements. Relative values of staple cloths are at least ten per cent, higher than present asking prices in the market her for similar goods. It would seem fair to assume from the tenor of this message that the alarming reports of shrinkage in values. Fish Oil-Market unchanged, no transactions and financial stringency in the States do not reported. Quotations: Whale, Ven 8,30; Shark, include a general depression in trade, but is only Yen 8.50; Sardine, Yen 8.30; Herring. Yea 8.00 | local in its nature, Cotton has dropped in New per 100 kin. Copper-Market very firm, high | York to 9.46 cents for July option. The markets prices being paid," Good enquiry. Rice – Market | for imported yarns are very quiet, though the remains firm. Cotton Yarns Prices on the drop in exchanga is causing the prices current to Koarse continue to drop. About 2,000 bales
have a somewhat firmer appearance, Cotton is have been booked for Autumn shipment. Vege rather firmer, the tone of the market being quiet table Wax.-Market shows a slightly downward but steady. There is absolutely nothing doing tendency, refiners are anxious to find buyers, | in staple makes. The dealers are having great Matting.-Quotations continue very firm with difficulty in working prices up as there is na keen competition for supplies. Straw Braid, — A demand at all from the country, and it is feared very brisk demand continued throughout the past that the clearances, which are sati-fctorily going fortnight, and prices gouerally have advanced, ot so far as importers go, are only being shipped the market closing firm with upward tendency, into stock at the out-ports. The dearness of rice, Chip Braid.--Quotations being advanced in China's staple food, is largely accountable for sympathy with the general rise in prices of Straw this. It is unnecessary to refer to the auctions goods, the demand became somewhat restricted any more than we have already. Private sales towards the end of the period under review, from stock have been almost nil, the only item of any importance being Tuckey Rods, of which a fair quantity have been sold at poor prices from stock, holders being afraid of the heavy supply that has been dumped down here. Fancy makes are beginning to participate in the general depression, the indent business being quite at a standstill.
OPIUM
HONGKONG, March 30th. Quotations are:-Allowance net to 1 cutty,
per picu!.
Malwa New
.$850 to
Malwa Old"
.$900 to
do.
Malwa Older
.........$830
to
do.
Malwa Very Old .$970
to
do.
Persian Fine Quality ..$600
to
do.
Persian Extra Fine ...$700
to
du.
Patna New
$975
tu
Patma Old
to
Benares New Benares Old
............$955
to
سأ
PIECE GOODS.
per chest.
do.
du.
d-.
Messrs. Noel, Murray & Co.'s Heport on the Shanghai Fiece Goods Trade, dated Shanghai, 21st March, 1907, states:-The wish so freely expressed during the past few months that ex- change would drop, as that would instil confidence into the trade, or make a favourable diversion anyhow, has now suddenly come to pass, hat the benefit expected to accrue therefrom has not yet been realised. Far from it, in fact, for the whole trade appears to be sitting on the fence waiting to see what next will turn up. The sudde collapse in silver has not been satisfactori, explained as yet, and consequently the permanen
|
Messrs. Ilbert & Co.'s Piece Goods Report is as follows:- During the week our market has been under the ban of a rapidly declining exchange, the collapsing silver market having, during the interval, caused a fall of 21 per cent. in the T/T rate for sterling bills. This, on the top of the previous decline which has continued throughout | the last four months, making a total drop of 8 per cent, has caused too much BervousNEKA amongst natives upon the part of both buyers and sellers to permit of transactions, which have been confined almost entirely to the Auctions, where prices baro shown a fair amount of strength all round in consequence. As usual, when inter- native a·les are dull, business from first handa has also been practically at a standstill, and owing to the still heavily stocked condition of our market, values are not likely to respond for somia time to the enhance-l prices required by the fall in exchange, so that many of the spring arrivals here must in consequence result in heavy losses. The Northern Marketu are in a very quiet state, it being reported that the native houses hers who
¦
|
38.00
•
22.00
"
65.00
7.00
10.00
*
**
9,50
11.50
**
5.80
*
10.50
"F
10.20
10.00
*+
14.00
11.00
19
18.80
17.80
"
TR
7.80
11.00
"+
6.40
11,50
**
9,00
#
10.00
**
Messrs. Arnhold, Karberg & Co,'s Fortnightly Produce Circular, dated Shanghai, 18th March, 1907, states:-Gallnuts. — Prices for plum shaped Gallnuts ar very high. It is almost impossí· la to get offers, stocks being nearly exhausted In usual Gallnuts some business has been done. Cowhides -- A few transactions have been effeated at full prices and the market remains Arm. To- biceo. - No offers obtainable Stocks in hand of Chinese are not suitable for export. Feathers.— The wa ket continues to rule strong, and there is a good demand for all descriptions. Cotton.-- "arket higher and stocks getting small. Tallow. -Whit: The market shows a strong upward tendency and a fairly large business is reported. Grean: - Dealers have somewhat reduced their demands. Animal:- No stocks, but prices are still much too high to admit of "business, Wood Oil.—Bu iness has been almost at a stand- still, holders not being willing to reduce their demands sufficiently to make business possible. Strawbraid.—Supplies of all braids remain small and below the demand. A fair business has been done in Med um Split, Tuscan and Loyeh White. Rugs. --Goatskins. Are in good d ́mand, but stocks are nearly all of inferior quality. Wool.
Sheep's. — The strength of our market is main- tained. A good demand continues, Camela',— Prices are unchanged, a good business has been done, mostly for shipment to England. Anti- funny - No change in prices, no stocks.
Per 8.8. Macedonia, sailed on 23rd March, 1907. For Glasgow:-9 cases woodware, 6 cases china-
WAFU.
For Liverpool :-3 cases cigars. For Mar- seillex: -6 cases feathers, 323 bales waste silk, 143 balea raw silk, 15 cases human hair. For London-2-43 bales magney, 17 bales hemp. 8 cases cigars, 100 packages tea, 1 box blackwood ware, 14 cases woodware, 2 cases feathers, 55 cases chinaware, 10 cases silk, 270 rolls matting, 5 cases fishinaws, 10) bales split bamboo, 1 case silk curios, 24 packages personal affects and curios, 23 halos merchandise, 2 pkgs. old documents, 150 cases camphor, 210 cases ginger, 20 bales straw cuffs, 14 cases preserved ginger. For Genoa j 100 bales waste silk. For Milan-10 bales raW silk.
FREIGHT.
From Hankow per Conference Steamers,200 London and Northern Continental ports 47/6 per ton of 40 c. ft. plus river freight. To Genoa, Mar- seilles, or Havre 47/8 per ton of 40 c. ft. plus rivar freight. To New York (via Suez) General Cargo 376 per ton of 40 c. ft. plus river freight. To New York (via Suez):-Tex 45/- per ton of 40 o. ft. plus river freight. To New York (overland) ---Tea. G. $11 cents per lb. gross, plus river freight. To Shanghai : -†es and General Cargo, Thu. 1.80 to $1,80 per ton weight or measurement.
www