46
COMMERCIAL.
The Kobe Market Report, published under the direction of the Kobe Foreign Board of Trade, and dated (Kobe) Hiogo, July, 1907, states: -
IMPORTS.
11
Cotton.-American.-" Forward" prices have been fluctuating within a small range, quotation for Good Middling at the close being Yen 42. No business, however, is reported at this rate. 'Spot" is nominal at Yen 36,50. Indian. Some "forward "business in new crop has been done at following rates-Broach Yen 29.50, Yeothmai Yen 25.50, Akola Khamguam Yen 24.50. It is surmised, however, that there are speculative prices. "Spot" has remained quiet owing to the closing of mills' half-yearly accounts, the arrival of contracted cargoes will cover spinners' require- ments for the time being. Suitable Cotton of clean and white staple at present is very scarce. Closing quotations are:-Broach Yen 30; Yeoth- mal Yen 25.25; Akola Khamguam Yen 24.25; Bengal Yon 21.25. Chinese. No business is reported in either "forward or "spot." Best closes at Yen 29.50; and Common at Yen 26. Shirtings. Prospects have much improved owing to more general up-country demand, but there is no new forward business to report. Cotton Goods and Fancies, Worsteds and Woollens. No change. Metals.-Home prices are easier. The Osaka market for some articles is still declining, owing to the arrival of cheap contracts and the state of the money market, but an improvement is looked for shortly, Sugar, Beet. Market continues firm and quotations are maintained. Cane.-Raw. Owing partly to the decline in prices in Java, and partly to the setting in of the rainy season in Japan the local market is utterly depressed and no business appears to be passing. Osaka Refined. -The market is lifeless. No auction sales have been held since the last report. Eice.-Steady at previous quotations,
EXPORTS.
Tea.-Settlements to date amount to piculs 41,000 against piculs 40,000 to the 30th June last year. Fish Oil-Market remains unchanged. 2,000 cases Herring reported to have changed hands at quotation. Copper. Several hundred tons Electrolyte July August delivery have been brought at Yen 54.50 to Yen 54,75, In other brands business for Europe not feasible yet, Ric. - Market strong. Cotton Yarn. A fair amount of business has been reported. The market is slightly more active and prices have advanced about 50 sen. Vegetable Wax.-Mar- ket unchanged but firm, no transaction reported. Matting. As farmers have been busy planting out the Bice, only very scanty supplies have come forward from the interior. Prices have been well maintained. Strawbraid. The produc- tion has been greatly interfered with during the paat fortnight on account of work in the fields, and but small supplies have come to hand. Prices have been well maintained, and very little new business has transpired owing to the disparity between prices ruling on the producing and consuming markets. Chip Braid.The same remarks apply also to this description, prices if anything having ruled a little firmer with up- :ward tendency.
TEA.
lesara, King, Simpson and Ramsay's Shanghai Tea Market Keport of July 6th, states:-Gree. Tea.-Pingsuey-Although the market opened on June 16th, four days later than was the case last season, the volume of business to date is some few
THE HONGKONG WEEKLY PRESS AND
thousand packages in excess; and despite the fact that opening prices were sufficiently high there has, unfortunately, been no noticeable decline in prices. In liquor these teas are superior to those of last year, but both in make and colour leave much to be desired. The range of prices ruling is from Tla. 26-28 per picul. Hoochows. Buying commenced as soon as the teas were shown at prices said to be one cent above New York currencies, but owing to the demand teamen have been able to establish an advance of Tls. 1-2 per picul. In cup quality and in the make of the gunpowders, these teas, as a whole, stand out well. Prices run from Tls. 291-34 per picul. Wenchowa. -- Arrivals have been small and have met with a ready demand at about the same rates as the opening prices last year. The teas are better in every respect than last season and fully warrant the attention buyers are paying them. Country Tea.-Moyunes- These teas have arrived before the nearer Fychows which is quite unusual. The few chops sold are all of good liquoring quality, but fail in appear- Prices are much on a par with those ruling at the opening last year. Lines.-Hy sons, Chun
ance.
Mees, Sou Mees, and Foong Mees of good quality have met with a strong competition and have fetched very full rates, Batoum buyers are the sole operators. Chun Mecs have changed hands at Tls. 80-85, Foong Mees at Tls. 50-55 and Hyson at Tl. 6-70 per picul.
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[July 22, 1907.
the day before at 6.89d. Egyptian is up to 101d. The Manchester market, although almost unap- proachable for Shanghai makes of staple goods, has been found easier to deal with as regards outside makes, and some fresh business in that direction has actually been done. The delivery also is quite reasonable, August to October, but the total transactions do not amount to very much and
HANKOW, 10th July, 1907.-Business reported consist chiefly of grey shirtings. It is almost since the 26th ulto., is as under:-
Settlements
1907. -Chests. 40,331
1906. ¡-Chesta.
21,330
The following are Statistics at date compared viz., 11th July, 1906. with the corresponding circular of last season,
Stock
HANKOW ΤΕΛ. Settlements
1907. -Chests.
Arrivals
..377,659 14,024
...392,938
KIURIANG TEA. Settlements Stock
1907. -Chests. ...171,436 15,768
...187.204
1906. -Chests. 310,052 77,986
388,038
1906. I-Chests. 150,835 18,627
164,462
Arrivals
SILK.
Report, dated Shanghai, July 10th:-Telegrams The following is taken from Mr. F. C. Heffer's report quiet markets at home and quote Gold Kiling in London at 14s, and in Lyons at Fo 36.50. Raw Silk.-A small business in Tsatlees and Coarse silks has been done at declining prices, The market closes very weak. Hand Filatures. -Very little doing. Steam Filatures.-One or two small parcels have been booked for Europe. Yellow Silks.-A small business has been done in Mienchews and Mienyangs at undermentioned rates; but holders are anxious to sell more, and prices have a downward tendency.
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PIECE GOODS.
impossible to touch fancy goods, either dyed or printed, which seem to have been much overdone already. Advices from New York continue to report a strong market, the latest reliable quota- tions being 138. 6d. for Pepperell Drills and 118, 11d. for Pelzer F. There are rumours about that some holders have received instructions not to offer anything at present. The Indian yarn market is more active and bolders, who are reluctant for the most part to sell, have succeeded in getting better prices offered for their No. 208 which are comparatively scarce. Buyers will not pay up for Japanese spinnings and business consequently keeps very small and quiet. The local mills are doing very little in the way of fresh business, but clearances have shown some improve- ment. Cotton continues to be very cleverly manipulated and buyers have to pay full rates to fill their small requirements. The stock returns are going in very showly, but it is hoped they will be ready next week, as the declarations for this month have already commenced. There has been some business done from first hands again but the
definite news is received from Manchuria via New- bulk consists of re-sales, and even there the tendency is to delay further transactions until more chwang. Prices at the Auctions which were looking so firm last week have not been very well main- tained.
MISCELLANEOUS EXPORTS.
prices merchants would not find any difficulties in disposing of large lot. Wool.-Sheep's.-Market remains very firm. Wool Oil-We have a very strong market. Prices have advanced 10 per cent. during the past fortnight. Antimony.-Prices are declining fast. Even at present low prices no business can be booked.
SHARE REPORTS.
Messrs. J. P. Bisset & Co.'s Share Report for the week ending July 11th, 1907, has the following :— There has been a fair amount of business done
Messrs. Arnhold, Karburg & Co.'s Fortnightly Produce Circular, dated Shanghai 11th July, 1907, has the following:-Gallnuts,-A poor demand. Merchants are at the same time not anxious to sell, Cowhides.-The season is over. Tobacco.-The new crop is reported as doing well. Feathers.- Messrs. Noel, Murray & Co.'s Report on the
Season is finished. Merchants are not inclined to Shanghai Piece Goods Trade, dated Shanghai, offering. Prices remain steady. Tallow. There offer for "new season cargo. Cotton.-Little 11th July, 1907, states-- From the figures is some inquiry for autuma shipment, but mer- published in the Customs Daily Returns we find the steamer which left for Newchwang-Split straw has been neglected of late in this chants are as yet unwilling to quota. Strawbraid. the morning we last wrote took fully 2,00 pack market. Some business has been done in Shansi ages of piece goods and yarn for that port. On the 6th inst. two more steamers cleared, but what
mottled and Loyeh white, but on the whole there they took is not yet declared and nothing has
is little doing. Goatskin Rugs.-There is a good been despatched since. Some further purchases
demand for Tientsin cargo. A fairly good busi- have been inade for that market from second hand
ness has been transacted. At somewhat lower holders, but these latter are very firm and are gradually raising their prices. Buyers, under the circumstances, are not anxious to go on until advices re shipments are known, and for that rea- son our market is not so active at the moment. There is still great confidence in the future, how- ever, which is stimulated by renewed enquiries for goods to be reshipped to the States, but native bolders want at least 6 per cent. higher prices than they were wiling to accept a month or two ago. Holders are confident that the stock of American Domestics is not more than 200,000 bales all told in Shanghai, and anticipate that in consequence, if deliveries are only normal for the next six months, and provided fresh arrivals are small, the stocks of Drills and Jeans will be absorbed, and that of sheetings reduced more than one half.
It is feared, however, that no great assistance can be looked for in that part of the coun- try. It is no use, however, anticipating troubles, and unless the deliveries to Tientsin show a great falling off from what they have been the first half of this year there is little to fear. It is satisfactory to learn there are better advices concerning the Corean market. The crop prospects are good and the country in a mere settled and prosperous state generally. There is an enquiry for Man- chester Grey goods and distinct signs that they are coming into favour again. The excitement caused last week by the publication of the poor condition of the American cotton crop appears to have subsided for the present, and prices have receded in both New York and Liverpool, the latest quotations from the former being 11.80 cents for December and 11.97 centa for January option respectively, the quotation a few days ago being 12.14 cents for October and 12.20 cents for January. A special inquiry to New York from this side elicited the reply the "probilities point to higher prices later on. Form backward owing! to late planting and pofavorable weather. The general estimate of the crop is 11,000,000 bales." The Liverpool market has fluctuated considerably since our last report, sinking as low as 7.21d., but closed yesterday 7.30d, futures' being quoted
during the last week, and a satisfactory increase of cash business has to be recorded. The rates bave remained on the whole very steady, and there are but few changes to report. The T. T. rate on London to-day is 2/113. Banks.-Hong- kong and Shanghai Banks. Business has been done at $680 for the old shares and $500 for the new, and the market closes steady. The London rate of July 6 was £77.15e. ex new. Marine & Fire Insurance.-There is no business reported this week. Shipping.-Indo-Chinas remain at Tls. 29 for the preferred and Tls, 21 for the deferred shares, closing firm. Shanghai Tug and Lighter C8. There are sellers of both ord, and preference shares at Tls. 47 and Tls. 50 respectively. Docks and Wharves.-Shanghai Dock and Engineering Co. Some business has been done during the week at Tls, 75) for July, and Tls. 76 for Septem- ber and December. At the close there is some
inquiry, and for December shares are wanted at Tls. 77. Hongkong and Whampoa Docks are quoted from Hongkong at $105 buyers. Shanghai and Hongkow Wharves. There is some demand for cash shures, and at closing the price is Tls. 2231 For July sellers prevail at Tla, 225, while for September shares are wanted at Tis. 228, Hongkong and Kowloon Wharves have been sold to Hongkong this week at $75. Sugar Cos.- A single transaction in Peraks is recorded at Tls. 89 for cash. Mining-Chinese Engineering and Mining Co. Shares changed hands at Tis. 15.75 and there is a demand at the close at Tls. 15.90.