June 29, 1907]
COMMERCIAL.
:
The Kobe Market Report, published under the direction of the Kobe Foreign Board of Trade, and dated (Kole) Hiogo, June 18th, 1907, has the following:-
IMPORTS.
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Cotton.-American-The estimated acreage of new crop issued by the agricultural department of the United States on the 1st instant, covered 32,060,000 acres, but the subsequent unfavour- able crop condition reported on the 5th idem caused a rise in prices, which, however, are some what weaker at the close-Middling for October to November shipment being quoted at Yen 40.20, but no business is reported at this rate. "Spot" remains nominal at Yen 37. Indian.-"
-“Forward' rates have risen in sympathy with American, but no business has been done in consequence of high rates ruling in India. The arrival of contracted cargoes, and the closing of mill's half-yearly accounts, has caused "spot to remain quiet. Quotations are:--Broach Yen 30; Akola Kham- guam Yen 24; Bengal Yen 22. Chinese.-- Rusiness in both "forward "and "spot" is nominal. Quotations close at Yen 29 for "hest and Yen 26.25 for "common." Shirtings. Cotton Goods and Fancies. Whilst there is no actual change to report, a slightly better feeling exists in cotton goods generally. Worsteds and Woollens.-On account of the very prevarious condition of this market and the advanced prices asked for by suppliers, great difficulty is being experienced in having orders confirmed, and since last report practically no business has been done. Meinls. -No change. Sugar.-Reet.-Market steady and prices somewhat higher. Cane-Kaw-Market is weaker, and prices have declined 10 to là seu per picul. Muscovados 12 to 14 average 124 are quoted at Yen 6 per picul c.f.i. Osaka Refined. -With the approach of the rainy season, demand has slackened and the market is somewhat weaker. 1 On the 7th instant 7,500 bags were sold by auction at prices showing no change on those last obtained. Rice.-Market steady.
EXPORTS.
CHINA OVERLAND TRADE REPORT.
GENERAL EXPORTS.
Fish Oil:-A few more transactions are report- ed at Yen 8 50 to 8.60 per 100 kin for June, July delivery. The market is very firm. Copper:-- No transactions reported.
SILK REPORT.
The market continues to rule very quiet with a steady downward tendency and hardly any transactions to report. Excellent weather has continued to favour the development of the new crop, and some few samples of new Raws bave already been brought in from the interior, the quality of which is very satisfactory. Prices for new cocoons have fallen considerably, and now stand at a parity of about Yen 1,200 for No. 1-11 Shinshiu Filatures.
WASTE BILK.
Market nil. Settlements from May 30th to June 10th 100 piculs. Total Settlements from July 1st to June 10th:-57,700 piculs. Stock on the June 11th is estimated at 5,400 piculs. viz:-Noshi, 800 piculs: Kibizzo, 3,660 piculs Pierced Cocoons,- -piculs; Sundries, 1,000 piculs:
COAL.
Messrs. Hughes and Hough. in their Coal Report of 27th June, state that 24 steamers are expected at Hongkong with a total of 92,200 tons of coal. Since June 14th, 19 steamers have arrived with a total of 64,000 tons of coal. entirely neglected, and quotations are purely nominal. In Australian, small sales are reported at $12 ex-ship. In Japanese only a small retail business doing, sellers offering for forward delivery buyers, a few, and very little doing. Other kinds neglected. Quotations:--
It also states that Welsh Coal has been
Cardiff... $14.00 to 15.00) ex-ship, nominal, Australian $11.50 to $12.00 ex-ship, nominal, Yubari Lump...$12.00 nominal Miiki Lump...$10.00 nominal.
Moji Lump.... $6.00 to $8.00 ex-sbip, steady. Maji Unscreened36.00 to $7.50 ex-ship, steady. Akaike Lump.$7.75 to 88.00 steady. Labuan Lump $8.00 nominal.
YARN.
438
8 m
was certainly thought that there would have been some substantial improvement to chronicle after the settling day, but it has come and gene nd the market is just as deadly dull as ever. of the dealers have resumed their enquiries, but have not attempted to meet the views of bolders as regards prices, consequently nothing whatever has been lone in the way of sales from first hands. The Public Auctions, which are really the only index to the market now, show no general im- provement, and the trade that is being done is simply from hand to mouth, no one, seemingly. being inclined to take the initiative and buy in anticipation of orders. The dealers all declare that they have ample supplies still on hand to serve for some time more without calling on im. porters, who have, perforce, to content themselves with the slightly better clearances of old pur- chases. Yesterday one of our import houses received a letter from their New York Office in which the market for Piece Gooda is derc ibed as "strong with hardening prices,” and adds that the lowest figures on which they should expect to be able to buy would be on the basis of 11s. Ad, C.F.I. Shanghai for Southern 3-yard Sheetings. And even at that price the earliest delivery that can be obtained is November to December, or arrival here during the month of January and February. The Manchester market is amazingly strong, quotations for some goods having touched record prices. The SW, monsoon has bicken over India and the prospects for further buying for that market are improved, which will keep the Lanca- shire spinners busy and maintain prios all round. Cotton is fluctuating considerably in Liverpool, Mid-American during the interval declined to 7,028. and recovered again to 7.16d. at the close. The quotation for “futures on the 17th inst. was 6.72d. The price for Egyptian slightly lower again, namely told. The New York quotations
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A
are 11.74 cents. for October and 11.64 cents. Jan. option. Opinions seem to differ as regards the Tientsin market, but there is very little doubt. however, that her overtrading is being very suverely felt now. At the same time the over supply does not include everything and they still have to draw on this market for moderate quanti- ties. Newchwang is doing very little though it is hoped that the promised adjustment of the railway tariff at an early date on a more equitable Mr. P. Eduljee, in his Report dated Hong-basis as regards the new Ports of entry will kong, 28th June, states:-A fairly brisk demand eventually restore some of the trade to her. has been experienced throughout the past fort- fairly good trade is being done with Hankow, night, and a considerable quantity of goods have showing a great improvement over last year in changed hands. Prices, however, show little or some of the staple makes. Some of the nearer no change, but there is a hardening tendency for Yangtsze Ports appear to be in a better position best qualities, while cowinon kinds are weak. and Ningpo continues active. For any current At the close the demand still continues, while business from first hands we have looked in vain both buyers and sellers appear satisfied to work
this week, the idens of bolders being much on present basis. Receipts have been com higher than anything buyers will entertain. The paratively small during the interval, and being Auctions do not show up particularly well this greatly exceeded by the off-takes, our estimate of stocks shows a satisfactory falling off. The recent boom in American cotton has considerably
Tea. Since 31st ultimo, 15.112 piculs have been settled as against piculs 14,858 during same period last year. Total settlements to 16th instant are now piculs 31,961, against pieuls 32,346 at same date last year. During the interval prices have hardened, and with the deterioration in quality values we decidedly poorer. Lower grades are especially difficult to obtain. Fish Oil.-- Market firm, with all grades in good demand. 1,000 herring reported sold at Yen 8.70 and 2,000 whale at Yen 9.17%. A considerable quantity of this grade is reported as sold forward, which muay considerably affect the market. Quotations :- sardine, Yen 8,50; shark, Yen 8.50; whale, Yen 9 25 per 160 kin.
Copper. No transactions and no business owing to the low state of prices at home. Rice-Market fru. Cotton Yaru,--A fair business has been doing for forward delivery, and the market is stronger. Vegetable Wax-strengthened Bombay, where it is reported orders Market improved and somewhat active; 950 cases reported to have changed hands at Yen 29.25 with further buyers at this price, but refiners are holding for a further advance. Matting. No change to rep t; with the season coming to a close stocks have been scarce. Strawbraid.— Market remain practically the same as when last reported.
to the extent of about 50,000 hales have been placed for the European markets.
Sales of the interval aggregate 82% bales, arrivals amount to 1,750, unsold stock estimated at 58,000 and sold but uncleared bales in second -bands 37,000 bales.
The Yokohama Prices Current and Market Report, published by the Yokohama Foreign Board of Trade, and dated Yokoha.na, June 15th, 1907, has the following:-
IMPORTS.
Yarns:- Values have advanced in "spot" and more business. is doing. Manchester is too high to admit of forward business. Shirt- ings-No ghan to report. Fancy Cottons
and Woollens.-The market for Woollens remains dull, but there is every evidence of a revival in the demand for Fancy Cottons and Union Italians Metals.-The movement of stocks in Tokyo still continues at slightly improved prices; but, so far as future enquiries are concerned, a clange for the better has yet to be noted. Kerozene.— American Oil has been raised two sen, but the market is generally dull. Sugar.The position of the market is unchanged, prices remaining nominally the same as in last Report. There is some demand for German Beet, but owing to high prices now-asked by importers business is impracticable f the moment. Indigo - Nat- ural)—No business passing.
BXPORTS.
Tes:-The nirket remains unchanged. The second crop has not appeared, but the first lots should be shown within the next few days. Total settlements from May 1st to Jura both amount to 57,774 picula, against 60,10 picul: at the corresponding date last year.
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Local Manufacture:--No business is reported Japanese Yarn:-There is a small but steady have been reported sold at $121 to 128, enquiry for these spinnings and 215 bales No. 209
Kaw Cotton :-- At a decline of $1 per picul a choice parcel of 300 superfine Bengals has found buyers at $20. Cusold stock 1,650 bales. In
sold at $21. China kinds 77 bales Thoongchow are reported Stock 480 bales, Quotations are Indian $17 to 20 and China $22 to 24.
Exchange on India has fluctuated slightly and closes weak to-day at Rs. 162) for T T and Rs. 1621 for Post. On Shanghai 73 and On Yokohama 106).
spinnings is reported from Shanghai during the The undernoted business in imported and local
fortnight ended the 22nd instant, viz:-
Indian :- Market firm, sales during the interval amounting to close upon 6,500 bales at prices showing an advance of half to one tael. Estimated
unsold stock 105,000 bales.
Japanese-Market slightly easier, sales about 3,000 bales on the basis of Tls. 85ļs to 91 for No. 168, and Tls. 91 to 971 for No. 208.
Local: No business from first hand is reported.
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PIECE GOODS.
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods trade, dated Shanghai, 20th June, 1907, atates-Disappointment is written large over the features of the trade this week at the absolutely lethargic state of the market. It
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week.
The following is from the weekly Piece Goods Report of Messrs, Ibert & Co., dated Shanghai, i June 20th, 1907 : There is little of fresh interest to report as regards our market, the tendency of which continues firm, though the endeavours of native dealers to establish higher values have somewhat curtailed the volume of re-sales during the short interval under review sincs the import- ant settling day of the 15th instant. The settling day passed off quietly and easily, one of the re-
sults of which has been the relaxing to a certain extent of the attitude of the native banks towards their inerchants in the matter of credit facilities. This has already reflected itself in clearance 4 which have improved in volume during the past few days, although inquiries from the principal outlets have barely had time to come forward,
MISCELLANEOUS EXPORTN.
Per steamer Scharnhorst, sailed un 19th June. For Smyrna :--150 caseS Cassia For Samos ---25 cases cassia. For Rhodes:-25 cases caasia. For Chios:- 50 CASER cassia. For
Valencia:-100 cases cassia. For Genoa : -- 825
bales waste silk, 242 bales raw silk, 1 case bats. For Autwerp: - 240 bales hamboo, 50 bales hemp, | 24 bales leaf tobacco, 2 cases cigars. For Amsterdam:—ū0 cases cassia, 14 cases chinaware. For Rotterdam/Harıburg : 000 cases cassia. For Bremen: -310 rolls matting. 257 bales
| feathers, 44 hales canes, 3 cases cigars. For Hamburg-401 bales feathers, 100 caves cassia, 100 bales broken cassia, 75 cases chinaware, 45 cases bristles, +4 bales canca, 35 cases essential oil, 24 cases human hair, 20 cases palmleaf fans, 20 cases human hair. 17 rolls matting, 6 caseS feathers, 3 cases blackwoodware. For London :—
2 case cigars.
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