138
COMMERCIAL.
The Yokohama Prices Current and Market Report, published by the Yokohama Foreign Board of Trade, and dated Yokohama, August 15th, 1907, states:-
IMPORTS,
Yarns.--"Bon" in the interior has put a tem. porary stop to business. Shirtings.-No change of importance. Fancy Cottons and Woollens.- The market remains unchanged. Metals.-No sales have been reported during the past fort- night, and as up-country is busy with old time "bon," business is very dull, Kerosene.-Market generally firm. Sugar. Nothing to report. Indigo. Nothing doing.
EXPORTS.
to
Tea:
Market unchanged; offerings very limited. Total settlements from May 1st Aug. 14th amount to 88,790 piculs.
GENERAL EXPORTS.
Fish Oil.-Owing to the heavy arrivals of Konishin Oil, prices have given way, and about 20,000 cases were handled at about Y. 7.35 per 100 kin. Copper.-No change; nothing doing.
SILK REPORT.
During the ten days under review prices for No. 1-1 Shinshiu Filatures fell to Y. 1,210, only to rise again to Y. 1,220, whilst Kakedas and fine size Silks have experienced a smart advance. The feature of the last few days is the decision arrived at by all foreign Silk exporters to abstain from buying any Silks bearing the chops of the rereel factories "Usuisha," Kanrangha and "Shimonita" until further notice, owing to de- ferential treatment meeted out to them by the said factories. Owing to a rapid rise in discount exchange rates have advanced sharply, which fact has considerably augmented Gold Dollar and Franc quotations.
WASTE BILK.
*J
Since the issue of our last circular, dated 8th instant, there have been no new features develop.
ed on this market.
Native merchants are con- tinuing their purchases in the interior, and a very fair stock will have accumulated by the end of the month. Prices which are nominally firm,
still fail to attract the attention of the consum-
ing centres. Settlements from Aug. 6th to Aug. 15th-piculs. Total Settlements from July 1st to Aug. 15th-piculs. Stock on Aug. 16th is estimated at 10,500 piculs, viz:-Noshi, 3,600 picula; Kibizzo, 6,200 piculs; Pierced Cocoons, -picals; Sundries, 700 piculs.
TEA.
THE HONGKONG WEEKLY PRESS AND
OPIUM,
HONGKONG, August 30th.
Quotations are:-Allowance net to I catty,
Malwa New
Malwa Old
Malwa Older
per pioul.
.$780 to
$840
to
do.
$880
to
do.
to
do.
to
do.
to
do.
to
.$7971
to
$800 to
.$795 to
do. do.
Malwa Very Old .$900 Persian Fine Quality ..$700 Persian Extra Fine ...$750 Patna New Patna Old Bonares Now Benares Old
PIECE GOODS.
to
per chest.
do.
[September 2, 1907.
being urged to buy, if she does not want to be left altogether out if it, manufacturers must be beginning to feel the want of orders. But with prices as much as two shillings a piece over the original cost of goods lying here, and for which covering rates cannot be obtained, importers do not see the force of placing further orders. Here and there some business has been done in order to keep chops on the market, but such buying is quite the exception now. Advices concerning the American Cotton crop are more favourable and with the better prospects prices have dropped to 7.23d, for Mid American in Liverpool, 6.88d, being the quotation for "futures," and Egyptian is steady at 10.76d. The latest quotation from New York is 11.99 cents for December option. The re-exports to New York by the 8.8. Tudor Prince were 10,000 pieces sheetings and 22,110 pieces drills. This makes roughly 17,000 bales that have been shipped back and already declared. far as imported spinnings go. Considerable sales The Yarn trade is showing signs of more life, as of Japanese for forward delivery being reported tbia week. The Cotton crop is now in a much is anticipated in spite of all the earlier drawbacks. more promising condition and a very good yield
If this really comes about trade ought to be boom- The silk crop ing here in a few months time. alone it is estimated will realise twenty million taels more than last year, and Tea is also doing satisfactorily.
The prospects of a large agricultural yield this season in nearly all parts of the country is now becoming daily more assured, and the harvest should do much towards stirring up our stagnant market.
MISCELLANEOUS EXPORTS.
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai, 22nd August, 1307, states:-For some years past operators in Native Cotton have had reason to complain of the unsatisfactory manner in which the staple has been delivered here, causing great trouble and discontent at its destination when exported to foreign countries. Especially has this been felt in Japan, to which market fully 85 per cent. of the Cotton exported is sent, so to overcome the abuses that have been in vogue here an infiuential body of exporters to that country have formed themselves into "The China Cotton
Messrs. Ilbert & Co.'s Shanghai Piece Goods Exporters' Guild, Shanghai" for the purpose of establishing a Testing House here. The regula-1907, has the following. There is little of Report for the week ending August 22nd, tions of the Testing House contain a clause to the
interest that has occurred during the interval, effect that a fee amounting to four times the
demand from the principal centres being of a rogular one will be charged to a non-member of
very quiet character, and but a few small sales the Guild wishing to have an examination made.
from first hands have taken place. Szechuen This practical endeavour to overcome what has
dealers are, however, wanting to purchase for been a long standing abuse will be welcomed by that outlet as the water in the Yangtze upper all who have to do with the native staple as it
reaches is now down to a point that admits of comes to this market. An important proclama- tion has been issued recently by the Shanghai themselves for the time being, are choosing their resumed navigation, but having the market to Taotai, at the instance of the British Consul
own time and confining themselves to inquiries General here, with regard to the infringement of British Trade Marks on certain merchandise. It only is strongly worded but only applies specifically to Soap and Cigarettes. However, it is hoped this will call attention afresh this matter, and the Chinese Government will adopt the regulation as drawn up by the representatives of the Foreign Powers interested two years ago. Business during the interval has been practically at a standstill, so far as fresh transactions are concerned, and clearances of former purchases can only be designated as fair. The present stagnation is attributed to the hot weather, which although very favourable to the Rice and Cotton crops retards trade very much. At same time the auctions serve to show that the market, in spite of the apparent quietness, is not HANKOW, 21st August, 1907.-Business reported without some life, but even there it must not since the 7th inst., is as under :—
always be considered that the goods are being cleared promptly for consumption, for we under stand that hundreds of packages although promptly paid fer are remaining in the seller's godowns. As regards forward business the dealers are watching the course of Cotton in Liverpool, and have determined to be guided by that during the next two weeks in their future actions. If it goes lower they intend to hold off, but should it continue firm they consider it will then be time to place orders for the spring. In the meintime nothing of importance is likely to occur. Tuore is very little news from the out-porta. In the North Newchwang is taking scarcely any thing in the way of Piece Goods or Yarn, the few steamers leaving for that port carrying chiefly 'chow chow' carg`.
Tient in is rather better; sufficient rain appears to have fallen, in fact more than sufficient, for in some parts the country is threatened with floods through the washing away or overflowing of creek and river embankments. We hear incidentally through a resident there that the promised curtailment of the credit system by the foreign banks has not yet taken place and business continues to be done as before, orders for direct shipments still going forward. The Yangtsze ports are still taking fair quantities of Manchester goods, and the trade with Szechuen White Vegetable Tallow, Kinchow is about to open again, in anticipation of which | White Vegetable Tallow, Pingchew clearances of "Yarns and Dyed Goods have been i and/or Macheng made on a much freer scale. More re-assuring news is to band from Corea and native dealers here are now preparing their shipments for the reopening for the season. They seem to be fairly confident, but will wait for advices as to the reception met with before shipping further. The alleged attempt to form a Customs' Union between Japan and Corea has received an official denial, it being maintained in some quarters that the commercial treaties of Foreign Powers cannot be | over-ridden in that way. The Manchester markat is very strong still, but from the way China is
Settlements Shipments to Shanghai
on Native account
1907. -Chests.
nil
1906. I-Chests, 1,598
10,000
nil
The following are Statistics at date compared with the corresponding circular of last season, viz., 23rd August, 1906.
HANKOW TEA.
1907.
-Chests.
Settlements
..476,209
1906. -Chests. 369,490
Shipments to Shanghai
on Native account 4,900
Stock
23,092
24,124 49,219
Arrivala ...
...504,201
442,823
KIUKIANG TEA.
1907. -Cheats.
Settlements
...181,120
1906, -Chests. 158,018
nil 15,579
... 198,699
4,985 8,194
171.197
Shipments to Shanghai
on Nativo account
Arrivals ...
Stock ...
SILK.
The following is taken from Mr. F. C. Heffer's Weekly Report, August 23rd:-Telegrams report quiet markets at Home, and quote Gold Kiling in London at 13/9. Raw Silk-During the interval there has been a moderate demand for Taatlees, dealers securing a slight advance in price. Hand Filatures-About 1,000 Bales of Ordinary reel Filatures have been booked for Lyons. Steam Filatures.—A fair business in fine sizes for the Continent is reported, at full rates, Yellow Silk. Mienyangs" have been in fair demand; the Market for these Silks closes steady.
|
Messrs. Arnhold, Karberg & Co.'s Fortnightly Produce Circular, dated Shanghai, 22nd August, 1907, has the following:-Gallnuts.-Some trans- actions have taken place in naual Galls (old crop) at good prices. Dealers are retaining their old stocks of Plumshaped Galls expecting prices to go up the coming season, Cowhides.-Season closed. Tobacco. We expect the season to open shortly. Feathers. A small business for forward delivery has been done at the old prices, Cotton.-The first lots of the new crop are offered; quality and quantity are apparently good. Tallow.-Market very strong but quiet. Wood Oil-Market firm. Pome business has been done at a good price. Strawbraid.-Market quiet, Stocks of Stansi mottled are increasing in lower qualities, and there is also a fair amount of Loyeh white. Wool.-Sheep's. There is a much better feeling up north. The market for Szechuan wool remains strong. Antimony.-There is very little doing.
'
-
HANKOW, 21st August, 1907.-The prices quoted are for the net shipping weight excluding cost of packing for export:-
Per picul. Cowhides, Best Selected.................
Do. Seconds Buffalo Hides, Best Selected. Goatskins, untanned, chiefly white
colour
Buffalo Horns, average 3 lbs. each White China Grass, Wuchang and/or
Poochi... WhiteChinaGrass, Sinshan and/orChayu Green China Grass, Szechuen Jute...
White Vegetable Tallow, Mongyn Green Vegetable Tallow, Kiyu................................ Animal Tallow Gallnuts, usual shape Gallnuts, plum do. Tobacco, Tingchow Tobacco, Wongkong Turmeric Sesamum Seed Sesamum Seed Oil Wood Oil Tea Oil
Tis. 84.50
".
31.00 22.75
"
"
9.70 7.80
**
"
11.80
11
15
11.50 11.00
»
14.80
12
18.00
5.25
LOLUNTARIA 要静
9.20
J
da