October 28, 1907)
At
have dropped still further and are quoted at Tls. 12 for cash and Tls. 74 for December. Persistent selling soon weakened the rates and the next business returned was at Tls. 2124 for December. Still more shares being thrown on the market after Tls. 206 had been done for cash, carried the cash rate to Tls. 202). A general collapse in for- ward rates then took place and sales were nade at Tls. 210, Tls. 2071 and Tls. 205 December, closing business has been done at Tls. 2021 De cember. More transactions took place for March at Tls. 217 and Tls. 216, but these rates were not maintained and at the close we quote the rate nominally at Tls, 210. Sugars.-No business re- ported. Mining.-No business reported. Lands. Shanghai Lands have been placed at Tls. 101. Industrial.-Cotton Shares. There is na business reported this week. Shanghai Gas Shares have been placed at Tls. 107, and there are buyers at this figure. China Flour Mills Share have changed hands at Tis 50. Shanghai Ices. Sales have been made at Tls. 12. Maatschappij, etc.. in Langkats. We have to record a sensational and very rapid collapse in this stock during the week. The market opened with a sale for December at Tls. 340, and on the 11th we find shares changed hands at Tls. 325 cash, Tls. 330 October, and Tls. 335 December. A certain weakness set in, which at the end of last week brought the rates down to Tls. 325 cash, and Tls. 330 December. On the 14th cash shares became unsaleable at prevailing rates and the market dropped to Tls, 325 for Decoinber and Tls. 927 for January. On the 13th, although rates were nominally Tls. 320 for December, a great rush of shares on the market were sold without intermediate bargaining at Tls. 300 for cash and Tls. 307 anl Tl, 300 for December. Yesterday this shock was further accentuated and the rate tumbled for cash to Tls. 285 and sales for December at Tls. 295 and T1-, 290. We are glad to report that a sharp reaction then set in and at closing rates are Tls. 303 for cash Tls, 310 for De- cember. Shanghai Sumatras. There are sellers at Tls. 115. kalumpong Rubbers have sellers at Tls. 56. Miscellaneous.-Business has been of a very trifling character, and rates at closing are as appended below. Loans and Debentures.-We hear of nothing being done.
HONGKONG,
25th October, 1907.-The market has remained fairly steady with a fair business in the first part, but a slackening off towards the latter part of the week. Rates remain without any important change, and the market closes steady. Exchange on London T/T 2/04, on Shanghai 74.
BANKS.-Hongkong and Shangbais continue steady with sales at $665 (old) and $660 (new); the rate in London remains unchanged at £76 for the old, and £75. 10. for the new shares. Nationals without change or business
MARINE INSURANCES.—With the exception of North Chinss, which are now quoted at Tla 724 ex dividend of 7/6 'paid on the 23rd inst., we have nothing to report under this heading..
FIREINSURANCES.-Hongkongs have chang- ed hands during the week at 3300, and Chinas at 86, both closing steady with probarla buyers at these rates.
SHIPPING.-Hongkong, Canton and Macaos have been in demand during the week at 271 and 28, and with no shares forthcoming the rate has improved at time of closing to 281, with sales and buyers. New Star Ferries bave im proved to 11 with buyers, and Shells have receded to 42/6 witbout business. We have nothing further to report under this beading.
REFINERIES, China Sugars have ruled erratic, but the reported incipient firmness at the close of last week was not realized, and the market has ruled dull to weak closing with sellers at 104. Luzons remain unchanged.
MINING.Paubs have ruled w-aker during the week, and with the exception of small sales at 9, we have nothing to report. Chinese Engineerings continus neglected and quiet,
Docks, WharRVES AND GODOWNS -Hong- kong and Whampos Docks have changed bands in small lots at $102, closing quiet at that rate. Kowloon Wharves and Amoy Docks call for no remarks. Shanghai Docks, after falling to 72 in Shanghai, close firmer at 74. Hongkow Wharves have declined in Shanghai to 195, chiefly owing, we understand, to weak specu- lative Chinese holders in Shanghai.
LANDS, HOTELS
BUILDINGS. With the exception of a few sales of Humphreys at $10 we have nothing to report under this heading.
AND
COTTON MILLS.-Ewos have fallen to 56 in Shanghai. Other cottons remaining unchanged.
CHINA OVERLAND TRADE REPORT
MISCELLANEOUS. -China Porneos have been placed during the week at 101 and 10, closing with buyers at the latter rate. Chios Pro- vidents have ruled quiet at $8.99, with small sales.
A circalar from the General Managers to shareholders intimates that a meeting is called this Company, e. 100.00 shares to authorise the issue of the naissued shares of Cements have been dealt in to some extent at 11 and 11. closing with sellers at the latter rate. luna Lights and Electrics, also Rop-s close in demand at quotations witho it Any business to report.
Quotations are as follows:-
COMPANY.
Alhambra
Banks
PAIN UP
QUOTATIONS.
$200 Nominal
Hongkong & S'hai...! ( $125
$665, sales $660, sales
: 275.10, new i.
8123) Ln. 276
National B. of China Bell's Asbestos E. A...12s. China-Borneo Co........ China Light & 1'. Co., China Provident'.
Cotton Mills-
Ewo... Hongkong International Laou Kung Mowe Say chep
Dairy Farm
Docks & Wharves→j II. & K. Wharf & G H. & W. Dock New Amoy Dock...
.26 $51 6d. 86)
$12 $10, buyera $10 $6, buyers 310 $9, buyers
:
Ts. 50 Tls. 56
$10 $104, sellers
Pla. 75
Pls. 100 Thx 500
Tls. 53 Tls. 90 T13, 280
$6 $16.75, sellers
$50 67), sellers
$50 $102, buyers $61 $11, sellers
Shanghai Dock and Tls.100 Pls. 74,
Eng. Co., L
F
S'hai & H. Wharf...Tla. 100 TIs. 195 Fenwick & Co., Geo... G. Island Cement. Hongkong & C. Gas. Hongkong Electric Hongkong Hotel Co... Hongkong Ice Co. Hongkong Rope Co..
Insurances-
Canton China Fire. China Traders Hongkong Fire. North China. Union Yangtsze
Land and Buildings- H'kong Land Invest. Humphrey's Estate Kowloon Land & Bi Shanghai Land.. West Point Building]
Mining-
Charbonnages Raubs...... Peak Tramways Philippine Co..
Refineries--
$25 $16, sellers $10 3111, sellers £10 $175, buyers $10 $144, buyers $50 $100, buyers $25 $240 $10 $25, buyers
$50 $270, sellers, c.d,
$20 $86, sales $25 1890, buyers
$50 8300, sales & buy.
£58.72, x.d. $100 $765, buyers $60 $170, sellers
$100 1896
$10 104, sales $30 $36 sellers Tls-50T3, 101
$50 $48
....Fes. 250 $470, buyers
18:10 $9
China Sugar Luzon Sugar.... Steamship Companies China and Manila... Douglas Steamship H., Canton & M.
Indo-China S. N. Co.
Shell Transport Co Star Ferry
Do. New. South China M. Post.
Steam Laundry Co.
Stores & Dispensaries Campbell, M. & Co Powell & Co., Wm. Watkins..
Watson & Co., A. S. United Asbestos
Do. Founders.
Union Waterboat Co.
}
$10 $12, buyers
$182, (new) buy.
$5 $10
$100 $104, sellers $100 $21, sellers
$25 $15, buyers $50 $37 $15 $28), sales & buy.
$41, Prefd., sel. £5
1,329, Defd., sellers 21 42'6 $10 $21, buyers $5 $11, buyers $25 $22, sellers $5 $6, sellers
$10 $20, sellers $10 $54 $10 $21 $10 $11
44 810
$10 $150, buyers $10 $12, sellers
VERNON & 8MYTH, Brokers.
TONNAGE.
287
HONGKONG, 19th October.-Freights continue dull. From Saigon to this, 10 cents nominal; to Philippines, 2 small carriers fixed for part cargoes at 24 cents and 26 cents; to port North Coast Java, a medium sized boat closed at 18 cents; to South Coast Japan, 23 cents. From North Coast Java to Hongkong, no demand; to South Coast Japan, one fixture reported at 10/6 per ton. From Iloilo to Yokohama, 30 cents per pioul. From Tsintau to Manila, a cargo of hay has been placed at $6,750 lump sun. From Newchwang to Can- ton, several fixtures at 22 cents to 24 cents. From Moji to Hongkong. $1.45 per ton. last; to Singapore, $1.70; to Canton, $2.00. The follow. ing are the settlements:-
Macduf-British steamer, 1,882 tons, Moji to Hongkong, $1.45 per ton.
M. S. Dollar-British steamer, 2,674 tons, Kuchinotzu or Moji to Hongkong, $1.40 per ton. Szeehuen-British steamer, 1,143 tons, New- chwang to Cantou (20/22,000), 22 cents per picul Kangse Briti h steamer, 1,223 tons, New- chwang to Canton (24,000), 22 cents per picul,
Solstad Norwegian steamer, 897 tous, New- chwang (24,000), 22 cents per pioul.
Standard-Norwegian steamer, 894 tons, New- chwang to Canton (25,000), 22 cents per picul.
Progress-German steamer, 799 tons, New- chwang to Cinton, 23 cents per picul.
Keiyang-British steamer, 1,044 tons, New- chwang to Canton, 24 cent.
per picul. Kjeld-Norwegian ste imer, 910 tons, Tsintau to Manila (Hay), $6,750 lump sum.
Fiume-German steamer, 838 tons, Iloilo to Yokohama, 30 cents per pical.
Spir-Norwegian steamer, 870 tons, Saigon to 1 port Philippines (24,000), 24 cents per picul.
Ule-Norwegian steamer, 884 tons, Saigon to 1 port Philippines (20,000), 26 cents per picul.
Profit - Norwegian steamer, 715 tons, Saigon to Singapore, $3,000 lump fum.
Signal-Germ in steamer, 907 tons, Saigon to Hongkong, 10 cents per picul.
ON LONDON.-
EXCHANGE.
MONDAY, October 28th.
Telegraphic Transfor
Bank Bills, on demand
Bank Bills, at 30 days' sight...
Bank Bills at 4 months' sight
Credits, at 4 months' sight
.2/04
.2/0.
2/011
.2/1
2/14
Documentary Bills, 4 months' sight.2/17
ON PARIS.-
Bank Bills, on demand
.257
Credits 4 months' sight.
263
ON GERMANY.-On demand
.210
ON NEW YORK.-
Bank Bills, on demand
.194
Credits, 60 days' sight
.501
ON BOMBAY.—
Telegraphic Transfer
1521
Bank, on demand
1531
ON CALCUTTA.—
Telegraphic Transfer Bank on demand.
.1523
.1531
74
741
100
1004
ON SHANGHAL-
Bank, at sight
Private, 30 days' sight
ON YOKOHAMA.-On demand ON MANILA.—On demand
ON SINGAPORE.—On demand......
ON BATAVIA. —On demand
ON HAIPHCNG.-On demand
O SAIGON—On demand.
ON BANGOK.—On demanʻi SOVEREIGNS, Hank's Baying Rato GOLD LEAF, 100 fine, per tael BAR SILVER, per oz
131 p... pm.
.123
4) p.c. pm.
SUBSIDIARY COINS.
per cent
p.c. pm.
72
.8 9.85
.851.10
.28
10
Chinese 2) cents pieceS
Hongkong 20
11
10
$4.55 discount
5.23 4.15 5.00
19
12
#1
FREIGHTS.
From Hankow per Conference Steamers.--To London and Northern Continental ports 45/- per ton of 40 c. ft. plus river freight. To Genoa, Mar. seilles or Harre 45/- per ton of 40 c. ft. plus river freight. To New York (via Suez) General Cargo 30/- per ton of 40 c. ft. plus river freight. To New York (via Suez)-Tea 37/6 per ton of 40 c. It. plus river freight. To New York (Overland) per carload, Tea G. $14 cents per M. gross; less than carload Tea G. $13 cents per lb. gross plus river freight. To Shanghai:-Tea and General Cargo. Tls. 1.60 to 1.80 per ton, weight or measurement,