Oétober 5, 1907].
COMMERCIAL.
The Yokohama Prices Current and Market Report, published by the Yokohama Foreign Board of Trade, and dated Yokohama, September 18th, 1907, states:-
IMPORTS.
Yarns.-The market is dull, and values have slightly declined. Shirtings. A fair "spot" business is passing, but no contracts for forward delivery are reported yet. Fancy Cottons and Woollens.-Though the rush for some Fancy Cottons has subsided, good Velvets for forward delivery are being enquired for. Metals.-Con. aidemble interest has been evinced during the last month owing to material reductions in Eur- opean and American quotations. To discover the extent of this decline very guarded enquiries have been on the wires, resulting in a small tonnage of business, especially in Bars, Gal- vanized Sheets, and Nails, Kerosene. The market is firm. Sugar,-Nothing to report. Indigo (Natural).-No fresh business. Window Glass-A noteworthy feature in the local market has been a sharp recovery in the value of Window Class, which has been very weak for some time past. Holders
are adopting a much firmer attitude, and further improvement seems unlikely.
EXPORTS.
not
Tea:-Market unchanged. Total settlements from May 1st to September 18th amount to 97,287 picule, against 98,588 picals at the corresponding date last year.
GENERAL EXPORTS.
Fish Oil-About 30,000 cases have changed hands at Yen 7.35 to 7.50 per 100 kin, and the market closes frm. Copper. Nothing doing. London quotations are at about £65, which corresponds with about Yen 36
per 100 kin.
BILK REPORT.
During the last fortnight our market has been very quiet and prices for medium and lower grades of full-sized Silks have declined consider. ably, whilst Extras and fine sizes have remained fairly steady owing to smallness of receipts. A slight improvement was experienced on the 17th instant, when Europe showed signs of renewed activity, but since then our market has again become flat and is closing weak at quotations as given below.
WASTE SILK.
No business doing.-Markets in the interior quieting down. Settlements from September 4th to September 15th-piculs, Total Settlements from July 1st to September 18th-piculs, Stock on September 19th is estimated at 17,100 piculs, viz:-Noshi, 7,500 piculs; Kibizzo, 8,700 piculs; Pierced Cocoons and Sundries, 900 picula.
The Kobe Market Report, published under the direction of the Kobe Foreign Board of Trade, and dated Kobe, Hiogo, September 18th, 1907. states:
IMPORTS.
CHINA OVERLAND - TRADE REPORT.
for heavy goods, Army Cloths, &c., but owing to the large stocks on hand and the rather uncertain outlook, buyers are holding off. Metals.There has been a little enquiry for Galvanized Sheets articles shows no improvement. Sugar.—Best.— and Tin-plates, but the spot market for other The local market remains very quiet and has not followed the advance reported from Europe. Cane.-Raw. The market is dull with little demand. Muscovados Bŝasis Polarisation 96% Colour average 124 is quoted at Yen 6.20 to Yon 6.25 per picul c. f. f. Kobe. Osaka Refined.-- At the auction of the Refinery Sugars which took place on the 6th instant, 10,600 bags were offered and withdrawn, the bids received being below sellers' ideas. Rice.-Market very firm.
Cotton.- American.-The early part of the last fortnight opened with prices comparatively high, but subsequently the official crop condition report- ed at 72.7 on the 9th instant caused a heavy decline Latest quotation for Good Middling, September shipment is given at Yen 41. No business, how- ever, is practicable even at this rate, prices being still above ideas of buyers. "Spot" Middling is quoted at Yen 38, but there are practically no stocks available. Indian.-Forward prices are governed by the condition of the American market. Sen e business was put through during the first part of the month, but there has been a lull lat- terly in legitimate transactions in consequence of the fall in price of American Cotton. The fendency of the market closes weak. Recent business is reported at speculative rates. 'Spot is nominal. Quotations are Broach Yen 81; Akola Yea 23, Bengal Yen 23. Chinese.- Some "for- ward” business is reported at Yen 29.50 for “best” and Yen 26,50 for medium. These transactions are probably attributed to favourable crop reports and low quotations. "Spot" is nominal Shirt- ing. Clearances are fair and the spot market remains steady. There have been enquiries for forward shipment but there is a great difference between huyer's ideas of price and home quota tions with the result that only a very small business has been concluded. Cotton Goods and Fancies- Market continues quiet, clearances are mederata, “forward" business abeant. Worsteda and - Woollens ---Practically nothing has been done for the past fortnight. Under normal con- ditions bookings should be brisk about this time
EXPORTS,
Tea-Settlements to date piouls 64,200, against piculs 57,000 to the same date last year. Copper. On account of the wild fluctuations in the London market no business possible, even China has ceased buying. Fish Oil-Inactive, no transactions reported, quotations nominal: Sar- dine Yen 7.60; Shark Yen 9; Cod 9.25; Whale Yen 9.50. Rice.-Market firm. Cotton Yarn.- Market very quiet, Vegetable Wax-Blightly steadier, some business is reported at between Yen 26.23 and Yen 26.50. Matting. During the fortnight under review fair parcels of stock goods changed handa at full prices. Manufacturers are unwilling to start on contract grades while the present demand for stocks continues. Straw Braid.-Practically no change to report. Sup- plies have been coming in more plentifully how- ever, but prices have been well maintained. Chip Braid-Business has been greatly restricted owing to the disinclination on the part of dealers to accept orders; quotations are quite unreason able, and the trade has been going to the Northern port in consequence.
TEA.
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Report of 3rd October, state that 19 stemmere Memrs. Hughes and, Hough, in their Goal are expected at Hongkong with a total of 48,900 tons of coal. Since September 21st, 12 steamers have arrived with a total of 44,188 tons of così. Australian Japanese best kinds are held for ad- There has been no enquiries for Welsh and vanced prices, low grades are unchanged, but very little business is reported during the fortnight. Quotations :---
Cardiff... ..$14.00 to 15.00 ex-ship, nomínal. Australian ..$11.50 to $12.00 ex-ship, nominal. Yubari Lump...$12.00 nominal Mäki Lump $10.00 nominal.
Moji Lump $8.50 to $8.50 ex-ship, steady, Moji Unscreened$6.00 to $7,50 ex-ship, steady. Akaike Lump...$8.00 to $8.25 steady. Labuan Lump $8.23 nominal.
BAW COTTON.
HONGKONG, 5th October. Smallbusiness, Stock about 1,400 bales.
Bombay..
817.00 to $20.00 per pol
Bengal (New), Rangoon
and Dacca
18.00 to 22.50 14 Shanghai and Japanese 25.00 to 28.00 Tungchow and Ningpo... 25.00 to 20.00
Reported sales, 400 bales.
YARN,
n
22
Mr. P. Eduljee, in his Report dated Hongkong, 25th October, 1907, states:-We have had a dull fortnight in our yarn market, and a small busines only is reported on the basis of late sales. Demand from the country shows no improvement, and extreme caution is still observable in the dealings of native dealers, who are buying only for immediate wants, and being fairly well supplied with all grades of twist from their late heavy purchases can afford to wait further developments.
since the 19th inst., is as under:-
HANKOW, 28th Sept., 1907.-Business reported Holders, on the other hand, although anxious to
...
1907. Cheats. 1,813
1906. -Chests.
8,189
Settlements Shipments to Shanghai on Native account
nil
11,611.
The following are Statistics at date compared with the corresponding circular of last season, viz., 26th September, 1906.
HANKOW TEA.
Settlements
Shipments to Shanghai
on Native account 18,826 Stock
1907. J-Chests. ..489,862
Arrivals
15,065
...523,258
1906. -Chests. 381,571
68,700 20,796
471,067
KIUKIANG Tea. Settlements
1907. -Chests. ...181,558
1906. -Chests. 158,018
Shipments to Shanghai on Native account Stock
***
Arrivals
11,471 10,652
4,356
2,527
...197.385 171.197
OPIUM.
ነ
HONGKONG, October 3rd. Quotations are:—Allowance net to 1 catty. Malwa New
Malwa Old Malwa Older
.$770 to
$840 to
$880 to
Malwa Very Old .$900 to Persian Fine Quality ..$700 Persian Extra Fine ...$750 Patna New
Patna Old
Benares New Benares Old
per pioul,
do.
do.
do.
per chest.
do.
to
P
do.
to
do.
to
$855 to
$830 to to
do.
dɔ.
COAL.
From Mesers, Wheelock & Co.'s Heport, dated 28th September, 1907. Japan.-A slight business has been done during the past fortnight at good prices and the demand still far exceeds the supply:-Stooks are still very short in Japan and prices firm, whilst coal freights rule slightly wesker. Cardiff-No news to report beyond the arrival of the str. Batho on the 14th instant, and the str. St. Bede on the 20th with 4,500 and 5,077 tons respectively, both cargoes “sold to arrive.”
push business to a reasonable extent to make room for fresh receipts, are disinclined to meet any farther demand for lower prices, and if this in adhered to during the coming fortnight we expect to see dealer's offers improve and a brisk busidom follow, Meanwhile the market remains quiet, but at the close an undercurrent of strength i holders. There is no change in our estimate of showing itself which should further courage stocks, the recent arrivals being about the sme os the off-takes. Sales of the fortnight_aggregate 3,710 bales, arrivals amount to 4,010, stock estimated at 89,000, and sold but uncleared goods in second hands 22,000 bales. Local Manufacture:--There is - no change in the continued quietness of this thread. Japanese Yarn:-Sales of about 250 bales No. 28 at $126 are reported. Raw Cotton :----Indian descriptions continue to move very slowly in sympathy with the market for twist, sad recent arrivals are going into godowns.
The present stock is made up mostly of medium and inferior grades for which there is no demand. The only business of the fortnight is the sale of a parcel of 70 bales superfine Bengals at 821. Nothing doing in old China kiuda. The first shipment of new crop China cotton has arrived and about 500 hales have been taken up at $28 to 825. The cotton is cleaner and of much better quality than last year's and the yield is reported abnormally large. Estimated stook about 1,100 bales Indian and 350 bales China. Quotations are Indian $17 to 21 and China $20 to 344. Exchange on India, after_slight fluctuations, closes to-day at Ms, 1644 for T/T and Ra. 165 for Post, Ou Shanghai 72 and on Japan 1074. The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight. ended the 28th ultimo, viz-Indian:-Market active: with an appreciation of half to one Trel in No. 10s. Total sales about 8500, with an estimated stook of 110,000 bales both in first and second hands. Japanese-Eather quiet. Sales about 1,800 haleu on the basis of Tis, 83 to 88Į for No. 16s stiề Tls 89 to 941 fr No. 20%, closing wask." Loen]: Nothing doing from first hands.
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PIECE GOODS,
Mesars. Noel, Murray & Co.'s Report on Shanghai Piece Goods Trade, dated Shang 20th September, 1907, states :-The passfing settling day has had very little effect on our far, beyond perhaps a slight im veries. Of course the dealers | it is too early yet for orders to country, and they are not buying In
any wach. The continued decline in Amer