320
COMMERCIAL.
222222
do.
OPIUM.
Quotations are:-/
Malwa Now
$830 to
Malwa Old
$880 to
Malwa Older
$900 to
HONGKONG, May 16th. -Allowance net to 1 catty.
per picul.
do. do.
Malwa Very Old .$940 to
!
Persian Fine Quality
..$600
to
Persian Extra Fine
$690
to
Patna New
$935
to |
Patna Old
to
8915
to i to
do.
Benares New Benares Old
COAL.
do. do.
per chest.
do.
dy.
Messrs. Hughes and Hongh, in their Coal Report of 18th May, state that 10 steamers are expected at Hongkong with a total of 68,300 tons of coal. Since April 27th 11 steamers have arrived with a total of 36,040 tons of coal. Further quantities of Labuan bave been taken for trial at $8 per ton ex-ship. Australian.-Small sales are reported at $12 to $12.25 ex-ship. anese Coal has ruled quiet with small sales. Welsh has been abglected. Quotations:-
Cardiff.. $14.00 to 15.00 ex-ship, nomipal, Australian .811.50 to $12.00 ex-ship, nominal. Yabari Lump...$12.00 nominal Miiki Lump
..$10.00 nominal.
Moji Lump.....$0.00 to $8.00 ex-ship, steady. Moji Unscreened$6.00 to $7.00 ex-ship, steady. Akaike Lump...$7.75 to $8.25 stealy. Bengal...
•
$9.00 th $9.50 nominal.
Labuan Lump $8.00 steady.
RAW COTTON.
THE HONGKONG WEEKLY PRESS AND
BO
whole
PIECE GOODS.
[May: 18, 1907
Lastings and Spanish Stripes both dull and drooping. Cotton Yarn.--Indian.—There is a business reported is considerably less in extent better feeling in the market, and although the
prices show a recovery of fully a tael per bale on the sales made last week in No. 108., while the other counts are steady to firm. Fully half of the business reported is in this former count and buyers for both the Northern and River Markets have again participated in the operations. Sales of the other counts show fairly steady prices and have been chiefly for the Yangtsze Ports, Tientsin taking a few of the No. 20s.
has
remained
1
.
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai, 9th May, 1907, states:-Recent reports make it clear that the situation in Manchuria is by no means in the settled state interested parties would like it to be thought. There seems to be almost hopeless differences of opinion between the Native Authorities and the Japanese, the conse- quence being that the Custom House at Dalny is not yet established. It is becoming more and more evident that it will be necessary for some one else to take a hand in the matter if international rights are to be respected. This of course ac- counts for the continued stagnation of trade in Report of Messrs. Ilbert & Co., dated Shanghai The following is the weekly Piece Goods Newchwang; and scarcely anything is being ship May, 10th:- Business during the interval ped from here via Dalny. Some much needed rain is said to have fallen in the Tientsin neigh-whole steady to firm for the few transactions quiet with prices on the bourhood, and from most other quarters the re- ports are fairly propitions as regards the crops.
from first hands which have taken place. In the nearer provinces, however, there is still a
The day after to-morrow (Saturday, May great deal of distross, and, although not so high the Chineso mercantile classes, being the date 11th) is a date of some importance amongst as it was, rico is still very dear, and must remain Bol until after the harvest at all events.
upon which the usual three months native bank Clear- Japances have not been very brisk, but
credits, that have been issued at Chinese New on the
Year, expire and are renewed, extended or restricted the figures published look much
according to the standing of their clients. These more encouraging, especially to Hankow, Το
credit facilities were issued upon lines of extreme is a steamer at the herth but she is not expected state of the market did not lend any degree of Corea shipments appear to be falling off. There
caution at Chinose New Year, as the congested. to take much Cargo. Advices from Manchester continue to report a strong market with a good confidence to the banks concerned, and they had business doing for India. Cotton is soaring higher experiences which were upon the whole very no wish to incur a repetition of their last year's and higher, the latest quotation in Liverpool he- ing 6, 72d. for Mid-American spot and 6. 278, for in connexion with all northern trade. So far as unsatisfactory, and entailed upon them heavy loss futures, while Egyptian has commenced to advance
can be seen at present, the position tends towards again, to-day's quotation being 103d. The New
a certain amount of return of confidence, and it is York market, according to small transactions just probable that credits are not likely to be further reported, is very strong still, and everyone won-
curtailed. There has been a slight movement in Pepperell Drills at 108. 41d, are intended, as day or two, but the resales recorded have been ders for what quarter of the globe the 1,000 bales
American Sheetings for Tientsin during the past supplies can be obtained here fully half a tael a- piece under that price. It is said, in fact, that a
mostly at the lower level than last ones, notably that of Whitney 2.85 yard "Dogs-head" brand, local firm has bought 300 bales for a weak holder at the equivalent of Tls. 4.10, for shipment to value of under 10/3d. per piece. The latter sale which at the sale price recorded returns a c.f.i. Bombay. The Yarn шarket has not shown 80 much activity this week, holders being less in- clined to sell at the low prices current. This has had the result of causing a slight revival in rates and a better feeling gonerally, especially with Indian Spinnings. The rise in the Yangtaze is stopping the buying for Szechuen as shipment will be suspended shortly for a period until the water falls again. The market for Native Cotton is weak and dull. The Race holidays have cansed a pleasant break during the interval, but never- theless the feeling in the market appears to be decidedly more cheerful. The Natives are certainly not so despondent, in fact they are looking forward to a revival in trade before very long now. There is not much evidence of it in the enquiry from first hands as yet, though some few have been able to dispose of small lines of goods; the business however, continues to be at the Auctions-in fact, judging by the prices rather more than is required to meet present wants can be bought there. Grey Shirtings.-A few small parcels have been placed by first hands, after a long interval, qualities in the neighbourhood of Tls, 2.05 to Tls. 2.671 being what is wanted, and it is those that show the best results at Auction. Medium weights are not doing very well, but the business is being done from second hands and heavier are firm and wanted. A fairly steady
clearances are looking up. White Shirtings.- Judging by the clearances recently the demand for these makes is improving up the River, bat from the weaker prices realised at Anction it may be surmised that the bulk of the demand is being supplied from okl stocks. With few exceptions prices are lower from two to as much as nine Can-
HONGKONG, 17th May-Small business at last quotations. Stock about 1,700 bales.
Bombay..
.$17.50 to $20.50 per pel. Bengal (New), Rangoon
and Dacca
20.50 to 22.50 Shanghai and Japanese 25.00 to 26.00 Tungchow and Ningpo... 25.00 to 26 00
Reported sales, 200 bales. I
YARN.
Mr. P. Eduljee, in his Report, dated Hong. kong, 17th May, states-The firmness assumed
interval.
by holders, as-mentioned in last report, was not of long duration, for shortly after the departure of the mail a disposition was again shown to meet buyers. Contrary to expectations, however, no improvement has taken place in domand, as with the return of the country buyers to market after the completion of the tomb- worshipping festivities, the usual Spring enquiry was confidently looked for. Business, consequently, has been on very small lines, and sales confined to actual requirements, No. 10s as usual forming the bulk of the settlements. Quotations have again further receded $1 to $2 per bale, and looking at the anxiety of holders to realize, no abatement in the downward course is apparent. There is little or no change in our estimate of stocks, the recent arrivals being about the same as the off-take during the Bombay is reported strong, with prices ruling 4 to 5 Rupees above the equivalent of our quotations. Sales of the interval aggregate 3,581 bales, arrivals amount to 5,182, unsold stocks estimated at 69,000, and sold but uncleared goods in second hands 30,000 bales. Local Manufacture-Prices are unchanged, but no business is reported. Japanese Yarn:~~- Continues in demand, and sales of 150 bales No. 168 at $120, and of 250 bales No. 208 from $123 to $132 are reported. Raw Cotton-There is no change in the continued quietness of this market. Both Indian and China descriptions are dull and with the exception of a sale of 50 bales superfine New Bengal at $20 and that of a parcel of 60 bales Thoongchow at $231, no large business could be induced. Estimated unsold stocks are 1,350 bales Indian and 400 China. Quotations are $17 to 20 Bengals and $22 to 24 Chinese, Exchange on India has fluctuated slightly in sympathy with silver and closes steady to-day at Rs. 160 for T/T and Rs. 160 for Post. On Shanghai 73, and on Japan 105. The undernoted business in imported and local spinnings is re ported from Shangbai during the fortnight ended the 11th instant, viz:-Indian-Market strong, prices showing an advance of 1 to 3 Taels and closing firm. Total sales about 11,000 bales, and unsold stock estimated at 110,000 bales. Japanese-Market weak and prices have declined 1 to 2 Taels at which decline some 2,000 bales are reported to have changed hands. Local Sales reported are about 800 bales No. 168 at Tls. 80. In view of the considerable accumulation of stock some of the mills have commenced working short time,
dareens. White Irishes went at firmer prices, but bleached T-Cloths were slightly weaker. T-Clotha and Jeans. The commoner Mexicana appear to have met with a fair demand at Auction, but everything else had a drooping tendency, Drills and Sheetings.-The former have only been represented by a small purchase from second hands for shipment to Bombay, at the samne price and on the same terms as mentioned last week. It is also said that a local House has been quietly buying small stocks of Williston and Lorag A Sheetings from weak holders, all of which should go to strengthen the market, although it is but a drop in the bucket. Fancy Goods.-There is next to nothing doing from first hands privately, and fresh indent business is out of the question, the delivery being too far distant even if the prices were feasible. The Turkey Reds at Auction have gone very badly again and sellers find them mov- ing very slowly. The Fast Black Cotton Italians sold irregularly, but the tendency was lower. Woollens.-There is no combined stability in this market and prices are all in and out. Camlets, irregular, but drooping, Long Ells about steady,
is, bowever, stated to be a forced one, on account of a Chinese merchant in difficulties for some time past, but whose indebtedness has fortunately long been discounted in native trading circles.. Home markets are strong in sympathy with the con- siderable advance which has taken place in cotton during the past few days, American Middling being quoted to-day at 6.72d., having touched
6.75d.
MISCELLANEOUS IMPORTS.
HONGKONG, 17th May.-The prices ruling are as follows:-
COTTON YARN.-More business has been done during the interval than the previous fortnight, but prices further declined about $1 all round. Quotations are:-No. 10s at $68 to $90; No. 168 at $93 to $123; and No. 208 at $94 to $138. Ar- rivals 14,000 bales; Sales 4,000 bales; Shipment- 10,000 bales; Bargains 48,000 hales. Unsold stock F6,000 bales.
Bombay-Nos. 10 to 20s... English-Nos. 16 to 24,
11
22 to 24,
28 to 32, 38 to 42, ...
to to
to
to
COTTON PIECE GOODS-No change Markat
quiet.
per piece Grey Shirtings-7 lbs..........$2.624 to $2.624
8.4 lbs.
9 to 10 lbs.
3.12 to 3.82/ 4.12 to 4.921
White Shiftings-54 to 56 rd. 2.82į to 3.02)
58 to 60
11
3.12 to 8.82) 64 to 66 3.3% to 5.42} Fine
5.62 to 7.721 Book-folds 5.12) to 7.87)
Victoria Lawns-12 yards 0.72 to 1.62} T-Cloths-6 lbs. 32 in. (Ord’y) 2.12Į to 2.32)
7 lbs. 82
#3]
2.87 to 9.874 6 lbs. 32 „, (Mexs), 2.82) to 2.474 7 lbs. 32
"
2.52 to 8.17
8 to 8.4 oz., 36 in.
9.12) to 8.82)
4.62) to 7.87}
Drills, English—40 yds.,
184 to 14 FANCY COTTON-No change; Market quiet.
per piece Turkey Red Shirtings—14 to
$1,75 to $3.90 8 lbs.
per yard .$0.11 to $0:13 - 0:08 to 0:18 0.21 to 0.43
0.24
Brocades--Dyed Chintzes-Assorted Velvets-Black, 23 in., Velveteens-18 in...................................... 0.20 to
per doz. Handkerchiefs-Imitation Silk $0.50 to $1.10 WOOLLENS-No change; Market quiet.
per yard Spanish Stripes-Sundry chops $0.70 to $2,00 German, ................................................ 0.55 to -0.75 Habit, Medium & Broad Cloths, 1.25 to 8.00