170
COMMERCIAL.
TEA.
HANKOW, 6th Sept., 1907.-Business reported since the 21st inst., is as under :-
1907. Chests. 3,970
nil
...
Settlements Shipments to Shanghai
on Native account
1906. J-Chests. 1. He
13,087 The following are Statisties at date compared with the corresponding circular of last season, viz., 5th September, 1906,
1907.
HANKOW TEA. J-Chests.
Settlements
Shipments to Shanghai
1906. -Chests. 376,910
.481,5-48
Stock
on Native account 4,90X1 25,689
+
Arrivals
...512,137
1907. -Chests.
181,316
nil
18,096
444
40,235 36,913
454,058
1906. -Cbests. 158,018
7,652 6,527
107,383 171.197
Settlements
KIUKIANG Tea,
Shipments to Sbangbai
on Native account
Stock
Arrivals ...
SILK.
THE HONGKONG WEEKLY PRESS AND
From Messrs. F. C. Heffer's Report, dated Shanghai, September 3rd, 1907.-Telegrams re- port firm markets at home, and quote Gold Kiling in London at 14s, and in Lyons at Fcs. 38.62. Raw Silk-Since my last issue a considerable business has been done for Europe. In Tsatlees about 500 bales have been booked at steadily advancing prices, and at the close business has been done at Tls, 30 above previously quoted rates. Hand Filatures.-The demand is principally for these silks; including Hainin Filatures, some 2,000 bales have been contracted for. There has been some inquiry for America, but the only pur- chases reported for that market are 250 bales Small Buffalo and 90 bales New Style Filatures, particulars of which are given below. Stenin Filatures.-Market is quiet and prices firm. It is estimated that 60 and 70 per cent. of this season's production has already been contracted for. Yel- low Bilks.-A fair business have been done at advancing prices, Market closes strong, and there is a scarcity of Wongchows and Szechuens.
OPIUM,
HONGKONG, September 13th. Quotations are:-Allowance net to 1 catty.
$780 to per picul.
do.
Malwa New
Malwa Old
.8840 to
Malwa Older
$880 to
do.
Malwa Very Old $900
to
do.
Persian Fine Quality ..$700
to
do.
Persian Extra Fine
.$750
to
do.
Patna New
to
per chest.
Patna Old
$810
to
do.
$800 to
do.
$795
tu
do.
Benares New
Benares Old
PIECE GOODS.
the other hand, the comparison is more favourable, increases being shown in Grey Shirtings of 238,200 pieces, White Shirtings of 189,800 pieces, T-Cloths of 31,700 pieces, Jeans of 81,700 pieces and Dyed Goods of 129,400 pieces. This shows that in spite of the dull times there is a consumptive demand for some things. In all kinds the off-take np to the end of May was smaller this year than last
[September 16, 1907.
MISCELLANEOUS IMPORTS.
Messrs. Arnhold, Karberg & Co.'s Fortnightly Producs Circular,dated Shanghai, 5th September. 1907, has the following:-Gallnuts.-No business has been reported. Cowhides.-Season closed, Tobacco. Sample shipments of new crop are now arriving; quality is satisfactory. Feathers.-Very little doing Cotton. Buyers at home seem to be inclined to pay somewhat higher prices and some few transactions have been put through in consequence. Tallow.-There has been some de- mand for green Tallow. Market quiet but firm. Wood Oil.-Prices rule very firm. Some transac- tions are reported. Strawbraid.-Most of the business done has been in Loyeh White, new goods being sold about 10 per cent, above the old braid. There is a good demand for fine and medium split, but supplies to the Shanghai market remain small. Rags.--Goatskin.-The market has a downward tendency. The demand is poor. Wool.
Sheep's. A good business has been done in the North. There is a somewhat better demand for Szechuan wool and as prices are a little easier, some good business should result. Antimony.— There is very little business doing.
MISCELLANEOUS EXPORTS.
HANKOW, 6th September, 1907.-The prices quoted are for the net shipping weight excluding cost of packing for export:-
Per picul. Cowhides, Best Selected.
Tls. 34.50
year. If there is to be any forward buying for the Spring trade it is looking more and more ad. visable for others to be placed with some promp- titude, as the chances seem to be strongly in favour of higher Cotton, As the future course, therefore, of the American Cotton market is likely to have an important bearing on the near future the following extract from the latest received American Textile Manufacturer will be read with interest:-"Inresponse to a letter which President Jordan of the Southern Cotton Associaton sent out to bankers in the cotton belt, he has received hundreds of replies in which the bankers promise their co-operation with the farmer in holding cotton to as slow a movement as is possible to maintain a high level of prices.” With the ex- ception of Hankow, which is taking fair quantities of Piece Goods and Yarn, our dependencies are showing very little life. Newchwang is said to he selling stock cargo at rather better prices, but is not placing fresh orders to any extent. Tien- tsin seems to be still suffering from great lack of credit and want of bard Sycee, while the Godowns in the City, and the Concession Bunds, are crowded with cargo. Crop prospects continue excellent and the price of Rice is gradually coming down in most parts of the country, which will be a great boon to the poorer classes, who are undoub- tedly the best customers in this trade. The shippers to Corea declare their advices are not very favourable, but all the same they are on- quiring for inore cargo. The anniversary of the opening of Dalny was celebrated the other day aid much rejoicing and speech making, which the "open door" and such sentiments were brought prominently forward. Manchester is un- changed in the strong position she held for so long now and it is quite impossible to connect at anywhere near the prices that are nominally current here. Cotton in Liverpool is very firm at 7.48 for Mid American, "Futures' yesterday being quoted 6.06d, against 7.14. spot. Egyptian is slightly easier at 10. The export of plain Cottons last month to Hongkong and China was 24,000,00, yards; no special news of the New York market, where Mid-American stood at 12410 | Gallnuts, plum do. cents for January according to latest advices. Tobacco, Tingchow The Yarn market is exceedingly dull, though Tobacco, Wongkong prices remain steady Cotton is easier for the old Turmeric Crop but business is on quite a retail scale. Business so far as fresh sales go has been almost at a standstill during the interval from first hands privately, and at Auctions, though not showing very great changes, prices were inclined to be easier for all white goods, while Turkey Reds and Fast Black Italians were somewhat
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Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai, 5th September, 1307, has the following:-The dulness of our market appears to get more ac- centuated as time goes on, and the promised revivals are ever pushed further ahead. The latest date now is the 22nd instant, another of the periodical settling days, and in all probability it will not be before, for at the moment there is not the faintest sign of an enquiry. This applies to all makes, fancy goods as well as staples, and in the latter there are several holders who are willing to accept prices a good deal below replacing cost. Clearances have fallen off considerably, especially in American makes. In this respect our attention has been called to the falling off in the re-export figures of these goods during the last thre months, as compared with the same period last year, not including the re-shipments to the States. In Drills it is 174,700 pieces, in Sheetings 65,000 pieces, in Jeans 12,200 pieces, while Shirtings | show a slight increase. In English goods, on
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in
irregular, and the same may he said of Woollens. Cotton Yarn.-Indian.-The market during the interval has been almost lifeless, but fairly steady prices have been paid for what business has been done, for the River markets the total sales re- ported only amounting in the aggregate to 1,020 bales.
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From Messrs. Ilbert & Co.'s Report of Sept. 5th, 1997-Rain and dull cool weather for the past week have followed an exceptionally hot and dry August, although rain was required to a certain extent, some further heat and sunshine would now be welcomed by the farmers for their harvest- ing season. There are as yet no immediate in- dications of any autumnal demand, in fact rather the contrary, our market appearing to be dull with an absence of any encouraging inquiry from the consuming districts, with the exception of a small demand from the Shantung market for American Sheetings which has been easily satis- fied; there has been practically nothing doing. It is hoped, however, that some spurt will be given to the present apathetic nature of operators as soon as the marketing of the Autumn crops commences. Trade generally is quiet, while c'ear- ances which had been showing signs of improve- ment have again fallen away somewhat. Indian yarn has been particularly slack throughout the week and prices have declined fully one tael per bale for all spinnings. The Manchester market continues to remain steady, owing to the firmness of cotton which is now quoted by Reuter at 7.48d. per pound for Middling American, but without much business being put through. On the 2nd instant Middling American cotton was quoted at 6.84d. per pound for delivery this and or next mouth, the price of 32s. Twist average quality being 114 per pound.
Do. Seconds
Buffalo Hides, Best Selected. Goatsking, untanned, chiefly white
colour
Buffalo Horns, average 3 lbs. each White China (trass, Wuchang and or
Poochi. WhiteChinaGrass, Sinshan and orChayu Green China Grass, Szechuen Jute.
White Vegetable Tallow, Kinchow White Vegetable Tallow, Pingchew
and/or Macheng
White Vegetable Tallow, Mongyu Green Vegetable Tallow, Kiyu. Animal Tallow Gallnut-, usnal shape
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Sesaшm Seed Sesamum Seed Oil Wood Oil Tea Oil
31.00 22.75
9.70
7.80
15
13
11.30
11
11,50
11.00
14.80
18,00
3.25
9.20
Per P. & O. steamer Marmora, sailed on 7th September. For Manchester:-180 bales wasto silk, 1 case silk embroidries. For Lyons:-320 bales raw silk. For Milan:-35 bales raw silk. For St. Chamond--10 bales raw silk. For Mar- seilles:-100 bales waste silk, 25 bales human hair, 2 bales fenthers, 409 bales raw silk, 2 pack- ages tea. For London:-58 cases shells, 230
bales waste silk, 9 cases private effects, 18 cases typewriters, 1 case grass cloth, 175 cases camphor, 6 cases preserves, 2 cases eigars, 40 bales raw For London and or Continent: silk. 7 cases silk. -105 cases bristles, 20 cases merchandise.
Per P. & O. steamer Ceylon, sailed on 12th September.- For Stockholm:-1 trunk private effects.
For For Antwerp:-20 bales canes,
For London:-2 Liverpool-350 bales hemp crates private effects, 550 bales hemp, 4 packages rice, 649 packages tea, 2 packages tea, 100 bales waste silk. 2 cases bottled guy, 4 cases private effects. 2,327 casks preserves, 25 rolls matting. 41 packages merchandise, 3 cases peacock feathers. For Marseilles:- 11 cases human hair.
SHARE REPORTS.
Messrs. J. P. Bisset & Co.'s Share Report for the week ending 4th September, 1907, states: There has been a fair general business transacted since our last issue and rates have been well maintained. The T. T. rate on London to-day is 3/01. Banks.-Hongkong and Shanghai Banks. There is no business reported, but quotations remain the same, viz., $655 for the old and $510 for the new shares. Insurance.-Yangtsze In- surance. A few shares have changed hands at