204
COMMERCIAL.
Quotations are:-
Malwa New
Malwa Old
$900 to
OPIUM
HONGKONG, May 2nd Allowance nel to 1 catty.
$860 to
per picul.
do.
Malwa Older
$930
to
do.
Malwa Very Old $970
to
do.
Persian Fine Quality ..$600
to
...
Persian Extra Fine ...$690
ta
do.
Patna New
$925
ta
Patna Old
to
Benares New
.$900
to
da.
to
•+.
Benares Old
RAW COTTON. HONGKONG, 3rd May.-Small business put through. Stock about 2,000 bales.
Bombay....
$17.50 to $20.50 per pel. Bengal (New), Rangoon
and Dacca Shanghai and Japanese 25.00 to Tungchow and Ningpo.. 25.00 to
Reported sales, 200 bales.
20.50 to 22.50
26.00 20.00
YARN.
THE HONGKONG WEEKLY PRESS AND
absolutely no advices concerning the markets at our dependencies, but so far as it is possible to learn prospects as regards the crops are improving. | weather conditions being favourable. Everything points to this being a very late season, which may possibly have something to do with the dull state of trade in all its branche. Telegrams | from Manchester report a slightly more active | market there and more generalen, uiry for China, Mexicars being specially mentioned, but we have been unable to trace the source on this «ide-in fact it would be difficult to find here any line of per chest. | goods that could not be supplied out of stock vere છે. much under the prices at present current in Manchester. American Cotton is steadily rising. the spot quotation coming to-day 6,359., but the price of "Futures" has not ben wired for a week. Egyptian is easier at 101,34. The guesterat- | tention that is being paid to the cultivation in India | is already showing its effect. The cng this | season is expected to be close on 5,000,anci balest of 400 lbs., the yield per acre basing increased about 15 per cent. in addition to the greater |
From acreage planted.
the Stat ́s there is scarcely any telegraphic commumeation con- cerning the market, the position of which seems to puzzle those interested in it. From Textile Journals, however, we lean that manufacturers are quite alive to the situation in China and are quite content to work for the home trade, which is apparently insatiable. Buyers are willing to accept very late delivery and will take goods at almost any price as long as they are assured they will eventually get them. There is still very little evidence of business from first hands, but we do know that some further small parcels have been placed, consisting of various weights of firey Shirtings and # fow fine, pure finished White Shirtings. The bulk of the selling, hon - ever, continues to be at the auctions, the irregularity in prices showing there is not much consistency in the demand. A fair amount of buying is still going on in Yarns at drooping prices. Cotton is easier. tirey Shirtings.-The small private sales mentioned above have coun- prised all weights and at rather better prices than last week. At the auctions there are great discrepancies noticeable in the prices, but the heavier makes seem to be the firmest.
|
|
White
Shirtings-Filled finished goods still bang tin and appear to be quite going out of fashion, meeting with no attention. With a few excep- tions auction prices were steady to firm, and also for Irishes and T-Cloths and Jeans The former show little change, but the latter went up about a mace at auction Drills and Sheetings. is little or nothing to report, there being no enquiry from first hands, and judging by the
There
Mr. P Eduljee, in his Report, dated Hong- kong, 4th May, states:-Although the Ching Min or Grave-worshipping Festival was in full swing during the interval another fortnight of a fair demand has been experienced in this market. Sales have been confined to heat spinnings of favourite chops, while other tickets coming under the category of "good to best," but in lega favour with the dealers, have been neglected. Pow class threads are still unsaleable. Prices, however, have declined $1 to $2 per bale, and in view of a rising exchange importers are anxious sellers and sales are still vigorously pressed. Demand has run more or less on all counts, Nos. 108 and 20s, as usual, attracting by far the largest amount of attention and comprising more than three-fourths of the settlements. Sufficient rain has fallen in the interior and with the prospects of a normal rice crop and cheaper grain the outlook for the trade has somewhat brightened, more especially as money is getting easier amongst the natives and the heavy discount on silver remittances from the country has declined 3 to 4 points. Latest telegrams from Bombay and Shangbai make both markets strong, which has greatly encouraged holders who are now asking an advance on present prices, and at the close a temporary lull is for the moment being experion- ced. Sales of the interval aggregate 5,450 bales, arrivals amount to 1,232, unsold stock estimated at 68,000, and sold but uncleared yarn at 33,000| doliveries very little movement amongst second bales. Local Manufacture:—Continues quiet | and no business has transpired. Japanese Yarn: -A sale of 200 bales No. 20s at $136 is the only business of the fortnight. Raw Cotton-Two or three small lots of new superfine Bengals aggre- gating 115 bales have found buyers at $20 to $21. Öld Bengals unsaleable. Nothing doing in China descriptions. Stocks estimated at 1,153 hales Indian and 600 bales Chinese. Quotations are Indian new $18 to $21 and old $15 to $18 and Chinese $21 to $24. Exchange on India has con- tinued to advance and closes steady to-day at Rs. 158 for T/T and Rs. 158] for Post. On Shanghai 721 and on Japan 104. The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 27th ultimo, viz:-Indian-Market weak, prices show. ing a decline of 2 to 4 Taels all round. Total sales 7,500 bales with an estimated unsold and uncleared stock of 155,000 bales. Japanese :--- Continues in demand and the market is steady. Sales 3,000 bales on the basis of Tix. 88 to 923 Local: for No. 166 and Tls. 93 to 991 for No. 2s. -The local mills have seld nearly 1,500 bales, and prices realized were Tls. 72 for No. 14s and Tls. 82 for No. 168.
PIECE-GOODS.
Messrs. Noel, Murray & Co.'s Report on the Shanghai piece goods trade, dated Shanghai, 25th April, 1907, states-The state of stagnation in which this market has been now for so long still continues, and anxiety is getting keener as the settling day, the fifth of the fifth moon, ap proaches. Clearances of Manchester makes keep up moderately well, but they consist entirely of goods that have been on storage for lengthy periods. In wany cases contracts are being taken up under pressure, but the goods paid for are not going into consumption. Exchange is once more proving a thorn in the side, giving no ove any peace or satisfaction. It hampers the export trade with its upward movement and so cripples the resources of the country. Fortunately the anticipated scarcity of money has not yet taken place and interest is easier again. There are
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hand holder, Fancy goods. There WIK 16 slightly firmer tendency at the auctions for Turkey Reds, though privately they are very i depressed owing to the heavy supply that has been dumped on this market. Deliveries are poor, and where buyers are being forced to for goods contracted for they are being mostly I kept in stock. The market for both Erints and j Dyed goods is depressed, and prices at auction for the Fast Black Italians this morning were all in and out. Woollens -The auction«have shown some improvement in Camlets this week, especially for Scarlet, Dark Blue and Pink Long-Ells and Spanish Stripes are a bit steadier, but Lastings are still weak.
Yarn Cotton
Indian The market does not show any strength, the supply being much greater than the demand, and holders of stock seem very anxious to realise, com requently prices are steadily sagging, showing?
a fall of at least a tal and a half since last week
The buying has been apparently entirely for Szechuen and the River Ports for all counts Clearances keep fairly satisfactory The sales amount in the aggregate to 3 025 hales.
Local
Fresh business with the Mills is out of the ques. tion and the steadily drooping tendency in the retail market looks very ominous.
1
1
'
1
[May 4, 1907
consideration In Dyed and Fancy troods bagi- ness has been of a satisfactory and growing nature, so this branch of the trade may be at the present time overlooked in farotti of plain staple goods where the real congestion occurs. Taking every class together of them latter goods, the deliveries up to the present are 3,713,548 pieces as compared to 2066,535 pieces imported, whilst the stock amounts to 10,699,554 pieces against the very excessive figures of 12,701,733 pieces of this time last year. In every class of importance a reduction on last year's stock is to be noted, though in the case of some the proportionate difference is not in so satisfactory a ratio as the totals. It may be trusted that the crops of this year for which the ground is now being prepared, are satisfactory instonul of the failure they were last year, which would soon relieve the depression from which the market has suffered to long. The business of the week has been confined mostly to a fair number of resales and a few direct transaC- tions in White Shirtings and English 10-M, Shirt- ing for the Yangteu trade, but a sale of American 3-yard Sheetin 18 to a Korvan outlet is worthy of note as being somewhat exceptional. Bombay Yarn is du'l and stocks heavy. Local spinnings ars weak.
MISCELLANEOUS IMPORTS. Hosurusu, 29th April.—The prices ruling are as follows:
Cotton Yarn. —Market has ruled extr mely dull, and a limited business was done at a decline. of $1 to $3 per bale. Quotations are:-No. 10- at 169 to 172; N», 18a, at $94 to $124; and No, 20s. at $95 to $139. Arrivals 16,000 hales : Sales 2.500 brlə 8. Shipment « 12,500 bales: Bargains 60,000 bales. Unsold stock 58,000 baleg
Bombay Now. 10 to 20, English - Now. 16 to 24,
fi
to
to
22 to 24.
to
to
to
28 to 32, 38 to 42, Corros Pueɛ Goons
sales. Grey Shirtings—7 Iba........
8.4 18.
Market strong but few
per piece
.$2.521 to $2.621
3.12 to 3.82|
4.12 to 4.92|
9 to 10 lbs. White Shirtings-åį to 56 rd. 2.82] to 3.02į
Victoria Lawns
7 lbs. 32
38 to 80 64 to 84 Pine
3.12 to 3,321 3.371 to 5.42}
5.62 to 7.72)
Book-folds 5.12) to 7.871
12 yards 0.721 to 1.82| T-Clothx= 8 lbs. 32 in. (Ord'y ) 2.12] to 232) 2.37 to 2.87| 8 lbs. 32 .. (Mexx). 2,32į to 2.47j 2.521 to 3.171
7 The 32
Pills, English —
N to 8.koz., 36 in. 3.12) to 3.82)
yds.,
+ 821 to 7.37} 131 to 15 ) Market strong but few sales.
per piece
PINCY COTION
Turkey Red Shirtings- 14 to } 8 lbs, i
Brocades - Dyed ". Chintzes Assorted Velvets Black, 22 in., Velveteen« 18 in.,
$1.75 to $3.90
per yard $0.11 to $0.13 0.08 to 0.18
0.21 to 0.43
0.20 to 0.24
per doz. Handkerchiefs — Imitation Silk 20.30 to $1.10 Werest, L. ENN Market strong but few sales,
per yard- Spanish Stripes- Sundry chops $0.70 to $2.00
Gjerman,
0.55 to 0.75 Habit, Medium & Broad Cloths, 1.25 to 1.00
MISCELLANEOUS EXPORTS.
For
Per ss. Delta, sailed on 20th April, 1907, Manchester .—351 halen waste silk. For London: 2 pkgs. feathers, 26 box tes, 1 box jewellery, 24 casen 12. effects, 280 bales waste silk, 12 pkgs. chinaware and furniture, 25 slabs tin. Lyons-
- 63 bales raw silk. For Marseilles :—2 Manila hats, 52 bales raw silk, 6 cases feathers, 1 cases embroidery,
-
For
The following is the weekly Piece timmals Report of Messrs. Ilbert & Co., dated Shanghai. April Per 1 1. M. 1.1. P. R. Luitpold, raied on 24th 26th, 1907: - With the exception of a somewhat · April. For Smyrns: 24 enser essential oil. For improved inquiry from Yangtse outlets the Naples :-3 cases cigars. For Genes: - 307 balen market has ruled exceedingly quiet throughout, and the volume of clearances has commencesi ita annual falling away that heralds the approacĥ of the usual two slackest months of the yeir Now that the spring demand is practically at an end. the position of our market as a whole can gauged to some extent, and taking the figures of deliveries to date as compared with imports, and the prosent stocks as compared with thous of buct, † season, indications of the return to a healthy trading basis once more are by no means lacking especially when the lightness of the engagements of our market for goods to arrive is taken in:o
tw
wante wilk, 100 cases cassia, 48 bules raw silk, 20 essen esential oil, 4 cases hemp, 1 case cigars. For Autwerp 32 cases bristles, 30 rolla matting, 22 bundeva lenf to acco, For Amsterdam : --113 roll. matting. ? cases cigars. For Rotterdam :-40 rulla matting. For Bremen.—797 rolls matting, For 18 cases blackwoodware, 3 cases sundries. Hamburg:—787 bules feathers, 82 caves bristles, 46 crsem palu lenf fans, 20 cases chinaware, lỗ casesG human hair, 10 bales canes, & cases blackwood- Ware, & CAMen feathers. For Copenhagen :-3 balas feathers, 1 roll matting. For London --100 rolls
mats.