150
PIECE GOODS.
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai, 30th August, 1307, states:-Our market has so far shown no signs of renewed activity, cach successive week being more dull, if it were possi- ble, than its predecessor. On all sides the report has been that there is no enquiry and clearances of former purchases are very poor. The dealers aro still watching the course of the cotton market, and if it continues to show the strength it has during this last week there should soon be some proof of the assertion quoted in our last that they would commence buying for the Spring in that event. So far, however, they have abstained from even making enquiries, or even to offer for stocks at present here, which could be obtained on much inore favourable terms than fresh shipments can be supplied at, and there are many wifling sellers at covering rates. Prospects continue to improve, so far as this country is concerned, for the crops everywhere in China Proper are progressing satisfactorily. Already there is & perceptible decline in the price of rice, and other crops are equally promising. Of course we are not yot out of the wood: the typhoon season is now commencing and there is no telling what may happen before the crops are harvested, so it is only prudent to wait a little longer before trading on the profits that may never eventuate. That is evidently what consumers are doing, hence the dulness of all import markets. There is still no news of interest from our dependencies. Newchwang is said to be looking up a little and produce is beginning to come down, for which imports are taken in exchange. The state of the place, however, is not at all satisfactory and reflects practically what is the case all through Manchuria. The war notes have all disappeared and in their place the country is flooded with Japanese bank notes, which it is impossible to convert into silver, and are really only negotiable as currency in payment for Japanese goods. As regards these, more particularly cotton fabrics, suppliers are getting tired of selling at unremun- erative rates and have recently made a consider- able advance in their selling prices, which will put them more on the level with American goods and then the quality and lasting power will be bound to tell in the long run; but still it is weary waiting until these experimental stages are passed. It is said some re-sales American makes have been made at that port to the country merchants, but we have not been able to glean the particulars. Nothing has been brought here. Tientsin is in a very uncertain state; in some quarters quite a satisfactory business is being done, and this is certainly borne out by the re-exports from here in that direction, whereas others describe the market as rotten, and are no doubt those who have had to make direct importations, costing considerably more than similar goods could be bought here at, and which are new underselling the stocks held by direct importers and so the endless chain is becoming clogged. Further instances are nicntioned this week of buying in New York at prices greatly over what the goods could be obtained here at, comprising small lots of Pepperell 2.85 and Prescott 3.25 yard drills. It is reported by letter that 500 bales 3.25 yard drills were bought for this market at 11s. 10d. early shipment, so that they will be leaving about the time that 3-yard goods sold back to New York at 108. 9d. are arriving! Shipments to the river markets continue only fairly satisfactorily, but will no doubt improve now that navigation on the upper reaches is being resumed. Whether or no the prohibition in export cereals will effect the import market remains to be seen, but probably will not apply to shipments to other ports of China,
THE HONGKONG WEEKLY PRESS AND
in
one important outlet alone, namely Hankow, having reduced the number of native merchant houses from twenty there in 1905, to eight only. 'The extreme reserve, however, on the part of the banks will probably relax as money becomes easier with the narkoting of the crops, and admit of some expansion of the strictly hand to mouth The trade which is at present being carried on. long deferred demand from Korea has at length set in to some extent, and fair shipments have gone forward during the week, both of Staples and Dyed and Fancy goods. In American goods the firm attitude of holders has practically stop: ped transactions for the time being, the present price of 3-yard Sheetings for best known brands being Tls. 3.90 against a replacing cost of Tls. 4.50 for distant shipments, while in other weights of coarse Sheetings the disparity is even greater.
MISCELLANEOUS IMPORTS.
HONGKONG, 7th Sept.-The Prices ruling as follows:--
Hru
COTTON YARN.-Market has ruled inactive and a limited business has been done at a reduction of $2 to $3 per bale. Quotations are:-No. 108 at $70 to $01; No. 10% at $92 to Arrival: $129; and No. 203 at $94 to $136. 21,000 bales; Sales 2,500 bales; Shipments 83,000 bales; Bargains 38,000 bales; Unsold stock 43,000 bales.
Bombay-Nos. 10 to 20% English-Nos. 16 to 24,
tu
to
22 to 24,
to
28 to 32,
to
38 to 42,
tu
COTTON PIECE GOODS-No
quiet.
Grey Shirtings-7 lbs...
8.4 lbs.
change; Market-
per piece $2.35 to $2.55
2.95 to
4.05 3.90 to 5.05
9 to 10 lbs. White Shirtings-54 to 56 rd. 2.70 to 58 to 60 3.25 to 64 to 66 4.00 to Fine..
.... 4.50 to Book-folds 3.50 to 0.65 to
JI
11
3.25 4.00 5,50 9.00 5.75 1.25 2.20 3.25
3.85 4.00
5.00
Victoria Lawns-12 yards T-Cloths-6 lbs. 32 in. (Ord'y) 2.00 to
7 lbs. 32,,
2.30 to
6 lbs. 32,, (Mexs).
13
11
7 lbs. 32 8 to 8.4 oz., 36 in.
Drills, English-10 yds.,
Turkey Red Shirtings-14 to 8 lbs.
2.40 to 3.10 to
4.40 to 132 to 14 FANCY COTTON-No change; Market quiet.
per piece $1.75 to $3.90 per yard .$0.11 to $0.13 0.08 to 0.13 0.21 to 0.43 0.20 to 0.21
per doz. Handkerchiefs-Imitation Silk 30.50 to $1.10 WOOLLENS-No change; Market quiet.
Brocades-Dyed. Chintzes-Assorted Velvets-Black, 22 in., Velveteens-18 in....
per yard Spanish Stripes-Sundry chops $0.70 to $2.00
German, Habit, Medium & Broad Cloths, Long Ells-Scarlet, 7-10 lbs...
Assorted...
0.53 to 0.75 1,25 to 3.00 per piece. $6.35 to $9.00
6.30 to 9.13
Camlets-Assorted...
9.00 to 30.00 Lastings-30 yds. 31 inches? 12.50 to 19.00
Assorted
Orleans-Plain......
Blankots-8 to 12 lbs.
METALS—
Iron-Nail Rod
11.00
per lb. $0.05 to $1.50
per picul
$4.00
|
|
[September 7, 1907.
MISCELLANEOUS EXPORTS.
HANKOW, 28th August, 1907.—The prices quoted are for the net shipping weight excluding cost of
Per picul. packing for export:- Cowhides, Best Selected.
Do. Seconds Buffalo Hides, Best Selected.
colour
Goatskins, untanned, chiefly white Buffalo Horns, average 3 lbs. each White China Grass, Wuchang and or
Poochi.
WhiteChina Grass, Sinshan and orChayu Green China Grass, Szechuen Jute.
White Vegetable Tallow, Kinchow White Vegetable Tallow, Pingchew
and/or Macheng
Tlx. 34.50
31.00
27
22.75
**
+
13
9.70
"
7.80
13
*
11.30
White Vegetable Tallow, Mongyu Green Vegetable Tallow, Kiyu...... Animal Tallow
J
11.50
11.00
"
Gallnuts, usual shape
14.00
Galinuts, plu
do.
18.00
D
**
"
}}
5.25
"
9.20
1
Tobacco, Tingchow
Tobacco, Wongkong
Turmeric
Sesamum Seed
Sesamum Seed Oil Wood Oil Tea Oil
Per steamer Kintuck, sailed on 27th August. 1907. For London:-16 cases bristles, 670 bales canes and mats, 50 cases china and blackwoodware, 200 cases preserves, 150 casks soy, 150 cases staraniseed. For London/Continent:-200 bales canes, 20 bales feathers, 100 cases staranisced. For Hamburg-
:-10 cases bristles, 30 bales feathers. For Amsterdam:-130 rolls matting, 100 cases ginger. For Autwerp:-120 bales feathers, 100 cases gallnuts.
Per steamer Prinz Regent Luitpold, sailed ou 28th August. For Naples:-50 bales waste silk. For Genoa:-613 bales raw silk, 350 bales wasto silk, 250 bales hemp, 10 cases staraniseed, 9 cases cigars, 7 cases hats. For Antwerp-250 bales hemp, 77 rells matting, 16 cases chinaware. For Amsterdam: -7 cases cigars. For Antwerp or Hamburg: -100 cases bristles, 5 bales tes mats. For Rotterdam:-22 cases chinaware. For Bru- man:-150 rolls matting, 68 bales feathers. For Hamburg :-300 cases cassia, 242 boxes ginger, 136 bales feathers, 79 cases bristles, 30 cases human hair, 20 cases essential oil, 11 cases curios, 10 bales rattancore, 9 cases blackwoodware, & casks ginger, 8 cases cigars, 5 cases chinapaper, 3 cases feathers, 3 rolls mats, 2 cases chinaware. For London :----2 cases cigars.
Ware.
Per steaner Sunda, sailed on 29th August, 1007. For Glasgow:-8 cases chinaware, I case wood For Manchester:-110 bales waste silk. For London :-9 cases ginger, 1,604 packages ten, 2 cases ivory, 1 caso silk, 5 packages private effects, 1 case opium, 100 casks preserves, 46 boxes chinaware, 16 packages wood ware. For For Marseilles:--268 cases pierced London opt. Continent:-200 packages preserves, 20 casos bristles, 20 cases essential oil.
COCOONS.
Per M. M. steamer Polynesien, sailed on 3rd
September. For Marseilles:-309 bales raw silk, 100 bales waste silk, 4 cases silk piece goods, 32 packages human hair. 5 cases feathers, 21 cases ilang ilang oil, 608 cases tea, 1 case hats, 21 cases cigars, 3 cases silverware, 10 cases Joss sticks, 9 packages sundries. For Lyons:-724 bales raw silk. For St. Chamond:-35 bulos raw silk. For Barcelona :-15 bales raw silk, 130 rolls matting. For Valencia:-15 bales raw silk. For Milan:- 23 bales raw silk. For London:-75 bales wasto silk.
Square, Flat, Round Bar (Eng.)... 3.95
Messrs. lbert & Co.'s weekly report dated Shanghai, August 29th, 1907, has the following.-- Our market continues much in the same stato as reported last week, clearances from stock pro- ceeding fairly briskly but no fresh orders coming out. Demand of any sort is in fact very quiet and late in evincing itself; owing to absence of any buying of an anticipatory nature this season the off-take is dependent solely upon the actual momentary requirements of the country, which of course augurs well for business upon a healthy basis when stocks get down to the point which admits of the level of values being brought to somewhat nearer replacing prices than is the case at present in nearly all staple goods. The atti- tude of the native Banks in the matter of credit facilities to their clients has further tended to limit business, the bad state of trade this year,
Swedish Bar
Small Round Rod
Hoop i to 11⁄2 in.
Wire, 16 23 UZ.
Wire Rope, Old........
4.05
4.30
5.60
9.50
3.00
Lead, L.B. & Co. and Hole Chop ...11.00
Australian Yellow Metal-Muntz 14 28 oz.
Vivian's, 16/32 oz.,
Elliots, 16/28 oz..
Composition Nails,
Tin-l'lates,
Tiu,
Quicksilver,
Window Glass,
*.
.11.00 .41.00 41.00 $1.00
98.00 per box $7.20 per picul $106.00 to
109.00
per box,
4.00
SHARE REPORTS,
Mesera. J. P. Bisset & Co.'s Share Report for the week ending 29th August, 1907, states:- Business since our last issue has been exceedingly qniet. The settlement which taken place to-day is of the most meagre description and altogether business in shares during this month has been very small, and there is nothing of interest to report. The T. T. on London to-day is 38. Ojd., Hongkong and Shanghai Banks. In the absence of business we quote rates as before, vis : $655 and $510 for the old and new issue, respectively. Insurance.-There is nothing reported. Shipping. |--Indo-Chinas. There are buyers at Tls. 30 and Tls. 21 for preference and deferred shares rese pectively, also a demand has arisen for forward