246
COMMERCIAL.
RICE.
Meters. Wm. G. Hale & Co.'s Circular, dated Saigon, 5th April, 1907, states :-Onr market, after having ruled somewhat easier for a fort. night or so, owing to demand having slackoned, has again resumed its firmness and rising tendency, owing to renewed activity for China, Philippines, and Europe. In the latter direction alone some 25,000 tona have been settled this week.
We quote for May/June delivery No. 2 White sifted (trié) steam milled
(round)
No. 2 White unsifted (ordinaire) steam
milled (round)
5% Cargo steam milled (round) Cargo steam milled (round)
10
341
$3.80 $3.38 $3.30
20% Cargo steam milled (round) $3.20 * Prices according to terms and conditions.
OPIUM
HONGKONG, April 15th. Allowance uet to 1 catty.
per picul.
do.
Quotations are :-----;
Malwa New
.$800 to
Malwa Old
$900
to
Malwa Older
$980
to
du.
Malwa Very Old
...$970
to
do.
Persian Fine Quality ..$600
to
do.
Persian Extra Fine ...$700
to
do.
Patnu New
.8970
to
Patna Old
to
do.
$047) to
lo.
to
do."
Benarcs New
Benares Old
pr chest.
THE HONGKONG WEEKLY PRESS AND
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PIECE-GOODS. Messrs. Noel, Murray & Co's Report on the Shanghai Piece Goods Trade, dated, Shanghai, 4th April, 1907, states :-The Newchwang market remains dormant, the situation not being im- proved by the reported failure of another Piece Goods Hong. The Chinese auth-rities are ex- periencing great difficulty in resuming the control of Manchuria, the latest idon being to divide it into three provinces and incorporate them all with Chihli under ous Viceroy, which would have the effect of making them less isolated from China Proper than they are at present. The im- provement in the direction of Hankow has had a slight set hack owing to the dishonesty of the manager of a native firm there, but clearances thence are keeping satisfactory. The high price of rice and terrible distress in the famine dis. tricts are adding greatly to the general depression of trade. Manchester and New York are both keeping very st,oug and do not appear to trouble about the absence of demand for China. The spot quotations for Canton in Liverpool are steadily declining heing 5,90d for Mid-American, with 5.55d. for the lest of this month, and 10.79d. for Egyptian, but they have no effect on the prices for goods. Last month's export figures of Plain Cottons for Hongkong and China was 80,000,00€ yards, and 1,800 bales of yarn to Shang. hai alone. The yarn market is showing much more activity and it is hoped it is the precursor of a revival in the general demand. The great depression in the Far Eastern markets has led to a short time movement iu Bombay in order to curtail the supply, but a great reduction will have to take place both in Hongkong and here before it is felt at all. Notwithstanding the decline in exchange holders appear willing to sell at current rates and we suspect a larger volume of business has been done that is reported. The Local Mills are also curtailing their out-put, though clearances are reported to be better than for some time past. As will have been seen the tendency was distinctly wker at the Yuen Fong Auction last week, and with very few exceptions a further shrinkage of prices is notice- able again in this morning's sale of cotton goods. Woollens were irregular. Clearances from stock but have chiefly been
fancy goods, English Grey and White makes appear to b receiving more attention than American, Cotton Yarn.-Indian-Tientsin and Szechuen have been fair operators in Nos. 1tk, and 128, and sine of the favourite spinnings for the former market show a slight advance, but otherwise there is a weaker tendency in spite of the decline in Rupee rates.
in
ex-
The following is the weekly report of Messrs Ilbert & Co. dated Shanghai, April 5th: - ▲ further decline during the week of 9/164 in silver and a corresponding drop in change, has stifled inquiry for the present, or dera from all the dependencies being practically withdrawn until some stable basis of values is in view, and in the meantime business from first hands, also native resales, are at a standstill. while auction values even show a decline. The market for Bombay Yarns is steady to firm in sympathy with the fall in exchange, but
deliveries have been very small in comparison to stocks that have accumulated, and it is therefore good news to learn that the Bombay to Kn Mills in generall are endeavouring to agree onto short timé 4 days a week and no night | work, some 25 mille having already decided on We have to draw attention to a doing so. mistake which has crept into the figures of our stocks of American goodis owing to the omission during March of the first figure of the quantity. which is given correctly täis week as 3,543.436 pieces. At the present rate of delivery this is sufficient to supply the normal consumption of our market, based upon average recent years' off-take prior to the Japan-Russian war, until December, and leave a carry-over of just under 1,00 1,000 pieces for the commencement of next year's trade Unfortunately, however, the de- liveries during the first quarter of this year cannot be altogether classed as due to con- sumptive demuud, for a considerable propor- tion
been cleared under pressure, by arrangement between those dealers who can find the funds and their up-country merchants, that the latter pay only a portion of the cost upon clearance of the goods, and the balance when able, the dealers meanwhile making good the amount required to get delivery of the cargo from foreign" importers. It follows, of in consequence of this that there is a great stringency of money amongst native trad- ing circles which is affecting in its turn all branches of the trade, but in order to get their present unweildy holdings moving, this arrange- inent is forced upon the dealers by the credit terms upon which the Northern merchauts are able to get delivery of cargo
from foreign importers.
course,
ha
MISCELLANEOUS EXPORTS. HANKOW, 3rd April, 1907.—The prices quoted are for the net shipping weight excluding cost of packing for export: —
Cowhides, Best Selected.
Do. Seconds
Buffalo Hides, Best Selected Goatskins, untaaued, chiefly
colour
white
Buffalo Horns, averige 3-ths, cuch White China Girass, Wuchung and/or
Poochi
WhiteChinaGrass, Siughan and ́orChayu Green 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 Gallnuts, usual shape Gallnuts, plum do. Tobacco, Tingchow Tobacco, Wongkong Tumeric Seramum Seed Sesamum Seed Oil Wood Uil
Tea Oil
Per picul Tls. 37.60
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[April 15, 1907
For
Per P & O. steamer Malta, sailed on 6th April. For Manchester-200 bales waste silk. Gibraltar:-4 cases curios. For London--8 cases embroideries, 2 packages old documents, 1 package private effecta, 16 cases chinaware, 2 rolla mat- ting, 3 cases feathers, I case ourice, 21 packagés furaiture and curios, I case books, case El. aundries. For Marseilles-3 cases feathers, 2 cases embroideries, 165 bales raw silk, 100- bales waste silk. For Lyons:-3 cases silke, 197 bales raw silk.
-Per 8.8. Nile, sailed on 10th April, 1907. For Manchester : -160 bales waste silk. For Hamburg or London 8 cases human hair. For London :➡ 245 cases merchandise, 500 bales hemp, 4 pkgs. p. effects, 375 cases camphor, 138 cases sundries, 40 hales canes, I case cnrios, 28 pkgs p. effects, 10 cases curios and p. effects, 1 case carpets, 40 bang galangal, 251 cases pre orvos, 25 cases bristles, 1 case copper castings, 3 cases tools, 100 boxes cassis, 29 cases curios and b'woodware, 10 pkgu. curios and b'woodware, 563 rolls matting, 2 cases piece gooła, 50 onska soy. For Marseilles :--- 50 bales waste silk, 8 cases human hair.
SHARE REPORTS.
Hongkong, 12th April, 1907. —A compara- tively moderate business has boon transacted during the week, but at rates sšill inclining, in most cases, to wuskness, and the Market olones generally speaking a selling one,
BANKS.-Hongkong and Shanghais harO been placed during the week at $887) and $890, the market closing with bayers at the latter rate, and with, at the moment, no sharen avail. able to satisfy the small dem ind. Loudon has advanced to £104, Nationals are unchanged,
MARINE INSURANCES —The market has been quite neglected and closes weak with sellers of Unions at $845, of North Chinas at Tls, 8 ), and of Cuntous at $ 85. Yangiz s with the declara- 22.50❘tion of a dividend of 20 per cent. have
advanced to $170 with buyers.
33.50
72.00
7.00
#
+
9.50
*+
9:30
++
"F
19
11.50
FIRE INFORANCE8,— Hen kongs ram in an. changed with sellers at 8335, and no business to 1000 report Chinas he declived to 8 46 with sellers. SHIPPING. - Hongkong, Canton and MacióN contiene unchanged and without basiness, olos- 5.00 | ing weak at $29) a-ller«. Indo-China‹ have been placed during the week at the reducvi rata of 872), 871 and $70, closing quiet at the last rate. Douglases have advanced without sales to 837) and close with buyers at that. Shell Transports have found buyers at 40/8 and 40/9, closing with bayers at the lower rate. Other stooks under this heading remain unchange.I and with- 7.50 out business.
10.20 10.00
13.00
11 (X)
16.30
18,50
11.00
5.50
REFINERIES,
China
continue
Bogars neglected and weak with sellers at $115. Luzona are unchanged.
10,50 9.00 "
1000
Messrs. Arnhold, Karberg & Co.'s Fortnightly Produce Circular dated Shanghai, 1st April, 1907 has the following:-Gallnuts.—Plum-shaped Gall- nuts are exceedingly scarce and we have not heard of any transaction. There is also very little doing in usual Gallnuts, as prices, asked by dealers, are too high. Cowhides. - There is no change to report. Prices are as high as ever and supplies are rather small, which encourages Chinese to cling to the stocks they have To- bacco,-The market is unchanged Feathers. White Goose:-The market is very frio, and as the season is drawing to a close, prices may advance. Duck : - The market remains strong for all desriptions, and prices are unchanged. Catton. The demand for this article continues fan and prices are firm Tallow. A limited business has been done in the meantime. The market is very firm and exceedingly high prices are being paid in the native market to cover bort sales. Wood Oil. -The market is un-
MINING.-Raubs have been placed at $71. Charbonnages are still wanted in a very smail· way at 8450. Chinese Engineerings have ruled at Tls 13 and 14 but without business, and the market closes rather weaker with sellers at the latter rate.
DOCKS, WHABVrs and GodOWNS.-Hong- kong & Whampoa Docks continue distinolly out of favode, and the rate has further fallen to 124 sellers, without any sales at intermediate rates to report. Kowloon Wharves have also declin- ad to 889 with sellors, and reported private mles at lower rates. Shanghai Docks have experi enord a further fall, the rate having declined to 85 sellors in Shanghai, sfter small loos! sales at 87 & 86. Now Amay Dock i have declared a dividend of Jesnts, and clos, at 114- nominal ex dividend Hongkow Wharves wivanord in Shangbai during the week to 222, but elnee easier with sellers at the Northern port at 217.
soliera at 1064 apparently rule the market, bat there are no great namber of shares available, and any ordinary demand would at once send
LANDS, HOTELS AND BUILDINGA. — Hong kong Lands, with a fow shares pressing on the changed: Do business has been reported | markot, have been placed as low`an $105, after Strawbraid. --- Supplies remain small, and on the fair axles at $1 64 and 1' 6. At time of closing whole prices remain firm. Some bu-iness bas been done in Loych White and Tuscans as well as in medium and fine p'it. Coarse romains neglected. Bugs Goatskin-There is more the rate back to 107. West Points continue enquiry, but nearly nothing offering. Shoop's-Prices for combings have advanced. Prices for Fillings remain steady, but stocks are small. Camels.--Remain in good demand at last prices. Antimony-Prices asked by holders, are still high and only a small business has been transacted.
Wool.-
on offer at $56, and it is possible that a lower rate would be socepted for shares. Hongkong Hotels bare changed bands at $117 and 118, closing with sellers at the latter r te. Hum. phreys have found bayers at $11.15 and 11.10, closing steady at the latter rate.