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358
COMMERCIAL.
The Kobe Market Report published under the direction of the Kobe Foreign Board of Trade and dated Kobe, Hiogo, 14th Nov., 1907, states:
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IMPORTS.
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THE HONGKONG WEEKLY PRESS AND
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YARN.
Shivering a found at 221., Stock & Saale
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November 30, 1907]
market. In the same way with Japanese spin- nings prices here remain practically stationary Mr. P. Edaljee, in his Report, dated Hongkong although on the Osaka Exchange quotations are 29th November, 1907, states : – A change for the a yen to a yen and a half higher. Clearances worse has overtaken this market, and during the this week, possibly to some extent owing to the past fortniget business his been particularly dull, wet weather, have been very poor, some of the with only a triffing demand for special chops to | leading houses complaining they not are fifty per meet immediate Country orders. Holders,
cent. of the average for several weeks past. Corea generally, areanxious sellers, aud would willingly has been the most active, deliveries for shipment Cotton,-American:-The unsettled state of
meet the market, hut without an outlet for their thence being quite satisfactory. This has only the Cotton market during the past fortnight has purchases dealers are not inclined to increase been possible, however, by the dealers having caused inch fluctuation in prices both in the their holdings or interest, and for anything out exchange in hand at the higher rates, as it is home market and locally. Encouraged by this side special requirements, will not offer at any said prices have not gone up in Cores, and if state of affairs speculators are taking the opport- price. Values have furtiver roes dod 21 to $2 per | they did it would probably let Japanese manu- unity of short-selling at much below home rates, bale to which reduction som holders aro not
Jactures into the market. Hankow continues to and legitimate business has become impracticable, willing to respond. Sales during the interval take fair supplies, and this week has hought although during the early part of the fortnight a
have been nearly equally divided between Nos, American Drills to a moderate extent on
the fair amount of legitimuate transactions were put 12 and 20- which form the bulk of the settle- basis of The. 4.00 for 3-yard, it is said. The through. Notwithstanding the financial pinie
ment-, the other counts bring, Farost neglected, } current business is almost nil. A sale from experienced in New York recently, and the
Stocks show little change troan our last estiumte second hand holders is reported of 500 bales stringency of the home money market, prices of aud should not be considered heavy 'under | Pepperell Drills at Tis. 4.40 net for shipment to American cotton appear to show slight signs of | ordinary circumstances, Bombay is reported dull | Bombay. The figures for these are coming down an upward tendency owing to unfavourable crop
with little doing either for Europe or China, to quite a manageable size, being now inside reports. Latest quotation of “forward" Middling | Sales of the interval aggregate 1,020 bales, | 40,000bales, Two small parcels of White Shirtings is reported at Yen 35.50, "Spot" is very quiet | arriv.ds amount to 4,761, unsold stock estimated were sold by first, hands from stock-quite a retail owing to the unsettled state of "forward" prices. at 16,000, and sold but uncleared stocks in native | transaction. The Auctions continue in full swing Indian.-In spite of the heavy drop in price of hands at 13,000 hales, Local Manufacture :- with comparatively good results, considering, American cotton, Indian staples have maintained Still nothing doing, Japanese Yarn:- The only | Here and there a chop meets with disfavour, or comparatively high rates, in consequence of which busine-s of the interval is a single sale of 78 no demand, and the result is a drop of a inace or no "forward transactions art reported, with the Taules No. 20s at 1127. Raw Cotton.-There has more, but on the other hand small advances were exception of short-sale "covers" by speculators. been nothing doing in Indian descriptions, the much more noticeable. All weights of Grey
Spot" is dull and quiet and business is small
market being entirely hare of stock. In China Shirtings appear to be in good, request. White In "re-sales." Quotations are: Akola Khanguam kinds a'ont "fum bales Thuong how are reported Shirtings were rather in and out, but Irishes and Yen 22; Bengal Yen 21 to Yon 21,50, Chinese,
Bleached T-cloths were firmer. Grey T-Cloths A very fair amount of business las fron done in
Quotations a Indian $18 to 2-1 and China 822 and Jeans were all lower, some extra weights of forward," owing to the decline of silver, at 1 $25. Exchange oth fudin has fluctuated the latter being introduced to-day. Turkey Reda following rates: Hest, Yen 27,50, Common, Yen slightly in sympathy with silver and shows a went irregulay with the further increased 23.50. There is no change to report in spot. small advance, closing steely to-day at Rs. 152! quantitie, this week. At the cheaper prices it Shirtings. Market settled down into a quiet for Post. On Slangiai 714 and on Japan 984. } might be expected they would go more freely into state. Cotton Goods and Fancies, Worsteds and
, he undernoted businees in imported and local consumption, but there are no signs of it as yet, Woollens.-Some good lines were placed for spinnings is reported from Shanghai during the total deliveries still being under last year to forward delivery within the past fortnight, hoth fortnight ended the 23rd instant, viz: Indian :- same date. Fust Black Cotton Italians.—Looking in heavy Woollens and Cotton goods. Business,
Market active, total sales about 11,700 bales. at large stocks at present hero we consider the however, is very hard to put through on account prices showing an advance of half to one Tael per prices" realised at this morning's sale, though of the high prices ruling on the home market İale; and stocks both in first and second hands somewhat irregular, to be very satisfactory. and the inability of the market here to respond. estimated at 9suv hales, Japanese :—Sales of Woollens.—These are showing some improve- Deliveries are progressing fairly well. Metals. nearly 2,000 bales are reported at stiffening rates ment, though it is not very consistent, but still Stocks have been reduced, and dealers are turning
on the basis of Tls. 34 to 41 for No, His, and Tls. the tendency is there. Cotton Yarn.-Indian.— their attention to next year's requirements. | 92 to 994 for No. 205. Local:- No business from The market has shown a distinctly firmer tone Sugar.-Beet.-Market dull. No business. caue,
throughout the interval, it being quite refreshing -Kaw. The market is quieter. Muscovados
at the same time to find a good general enquiry Basis 96 per cent. Polarisation, Colour 12; 1.8.
prevailing. The volume of business has once average is quoted at Yen 5.50 e.fi, per picul,
more assumed respectable proportions, and aa Osaka Refined.-The market is stagnant. At the
clearances are going on satisfactory it may be auction of the Osaka Refinery's Sugars held on the 3rd instant, out of 7,800 bags offered, 5,300
inferred that actual consumptive requirements are responsible for the improved demand. No. 208 bags were disposed of at unchanged prices, and 2,500 bags of lowest grade Rd, at a dreline of 28
have after a long interval taken first place in point of quantity once more, being in good request sen per bag.
for Hankow, where stocks are said to have been allowed to run very low. Prices on the whole are fairly well up to previous quotations which, how- ever, do not allow much for the depreciation in exchange. In point of quantity No. 10s come next, they having been in quite active demand for Thentsin and Szechuơn, but as regards prices I wore can be said than for the higher count, As regards quantity No. 12s run the lower count very closely, and in proportion to the stock here make a more favourable showing which possibly accounts for the slightly firmer prices in aʊme cases, and generally steadier tendency. As usual the bulk of that count is intended for Kiukiang,
EXPORTS,
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Copper. Prices quite nominal, no hasiness, Fish Oil-Market quiet with little enquiry, no transactions reported. Quotations: Sardine Yen 7.75; Shark Yen 8,80; Cod Yen 9,50; Whale Yen 9.00. Rico.-Market steady, Cotton Yaru. -The market is lifeless and no business has been done. Prices have declined by 50 sen since our last report. Vegetable Wax,—Market mactive, quotation has advanced, Matting. There has been a slightly easier tone in the market, as buyers have refused to pay the prices demanded, but what parcels have changed hands have realised full limits. Straw Braid.A good demand existed throughout the period under review, and fair settlements have been reported. Prices have been well maintained, and the market closed very firm. Chip Braid-The demand for these has been increasing steadily, but quotations continued too high to lead to much business.
MISCELLANEOUS EXPORTS.
For For
Per steamer Prin: Ludvig, sailed on 22nd Nov. 1907. For Smyrna:-3 cases Essential Oil. For Genoa:-255 bales Haw Silk, 100 bales Cassia, 75 bales Waste Silk, 19 bales Hemp, 10 casks Ginger, 10 cases Bristles, 6 package, hattanware. Genoa and Hamburg :-300 hales Cassia. Antwerp and Hamburg :- cases Bristles. For Amsterdam :-325 rolls Matting, 100 cases Ginger, 75 casks Ginger. For Rotterdam:-175 cases Preserves. For Bremen 322 rolls Matting, 100 casks Preserves, 30 bales Feathers. For Bremen and Hamburg :-563 half-chests Tea, 225 cases Gum Elemi, 80 bales Feathers, 22 half-chests Tea, 7 cases Cigars. For Hamburg—120 cases China- ware, 110 bales Canes, 100 casks Preserves, 64 "Cases Preserves, 35 cases Human Hair, 10 cases Camphorwood Tranks, 6 bales Feathers, 5 cases Aniseed, 2 cases Feathers.. For Copenhagen :- For London:-12′′ cases 100 bales Feathers. Cigars.
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first hands.
PIECE GOODS,
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piver tionds Trade, dated Shanghai,
21st November, 1907, states: -The market is at
an absolute studstill,źno one is doing anything and clearances of odd purcha es are falling of Such a sorry state of affairs as now exists in the trade has never before been experienced in the memory of any one here, and it would seem we are only ginning to realise the rott napas of things. Disappearances amongst the smaller fty of dealers are becoming daily occurrences, and the liabilities of recent openly avowed failures become more and more enhanced. The indebtedness of the Canton merchant commented with Nowel- wang whose failure we mentioned last week is now estimated as over six and a half lakhs ant Taels, the greater part talling on the dealers in Newchwang itself, putting that market in a chaotic state, completely stopping business in the ordinary channels, Stocks, it is said, are small and further means will probably be found for sending up additional supplies without the aid of the Native Banks, who are de liuing th finance any busmess with that Port, so that Shanghai's last hopes as regards that quarter have been dashed to the ground. It is said that Tientsin is very short of stock a Native han is, but that the merchants there are waiting until Newchwang is closed before buying, hoping to obtain better terms then. This may be so, but no movement has taken place here, though per- [ chance the recent enquiry for Indian Cotton Yaro may be some indication of it. The Manchester market is easier, but prices are still considerably over anything this market can touch, in Liverpool has ruled a little easier, declining to 5.82d. for spot on the 19th instant, when fut- ures were quoted 560d. November and 3.541. March, but yesterday's quotation for spot is five points up, namely 5.87d for ad-American and 10d. for Egyptian. The New York price for the former for January is 10 cents, March option falling as low as 9.90 cents, but has recovered to 10.23 cents, according to latest advices. There has been a more active demand for Indian Yarn both for the Tientsin and Szechuen markets, but buyers have succeeded in keeping prices down. Considerably more than is reported is said to have been done, holders here for the most part being anxious to realise, in spite of the news of a rise of three to four Kupees in the Bombay
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Cotton
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From Messrs. Iliert & Co's Weekly Market Report, dated Shangbai, November zi, 1907 :--- Business has been of a very fat character during the week, clearances having been interfered with hy rain, while owing to the failures reported last week, the Newchwang market closes for the winter without either desire or capacity for purchasing any supplies, and Tientsin also appears to have all it can hold. From Chefoo, also, a failure of a native merchant, with liabilities of Tls. 70,000, is reported, which has temporarily dulled inquiry from that outlet. Trade, however, with the Yangtze is of a healthy character, and indications are not wanting of a better trade than would appear
from business coming to actual importers, in the steady quantity of supplies that are going up river, and dealers are sanguine of an improving demand as the winter approaches, which at present is being heralded by the usual tentative offers at impossible prices from the smaller dealers. Grey Shirtings.--Ohly a few unimportant sales have been brought to book during the interval though inquiry has improved somewhat. T. cloths.-Little or nothing has been done outside the auctions where very little change took place. Jeans.-These goods are firmer on the whole and a very fair volume of business has been done. White Shirtings.-- A steady tone rules in the market though demand is still rather slack. Drills.—Qur market is quiet with a drooping tendency, a very restricted