156
COMMERCIAL.
SILK.
From Mr. F. C. Heffer's report, dated. Shanghai, February 19th, 1908.--There is no change to report in the Home Markets Raw Silk-Since | my last circular dated January 27th, no business has been done in white silk. Yellow Silks.- | During the past week, Indian Buyers have operated freely in Mienchows, Kopuns and Mien-
about
bales being settled. 430,500 Mienyangs Br getting saree, and holders demand high prices.
yangs,
PIECE GOODS.
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THE HONGKONG WEEKLY PRESS AND
able for earlier shipment, is not quite consistent | with strict business methods, Cotton is steadily declining in Liverpool, Mid. American boing 6.16. for spot and 5.69d. for "futures " Egyptian, is also lower, 8fd, being to-day's tele. grum. The export of Plain Cottoms for the first half of this month was 13,000,000 yards. It is reported that a steady business is being done in New York in light weight Shirtings for the China market. For standard goods prices are 15 per cent, over present values here. The latest quota- tions for Cotton in New York are 10.66 cents, 10.82 cente, and 10.51 cents for March. May and July option respectively. The Yarn market is fairly steady for Indian spinnings, notwithstanding some Importers have had to well in order to take It is anticipated that up exchange contracts. with a little firmness prices will improve in the near future, in view of the diminishing stock. and smallness of supplies coming forward. Cotton is firmer, the bulk of the purchases being for Ical Mills,
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March 2, 1908]
MISCELLANEOUS EXPORTS,
Haskow, 14th Feb., 1908.-The prices quoted are for the net shipping weight excluding cost of packing for export :—
Per pion!
Cowhides, Best selected Do. Seconds Buffalo hides, Best selected Goatskins, untanned, chiefly white
colour...
Tis, $2.00
28.00
22,50
D
40.00
T
"
Buffalo Horns, average 3 lba, each White China Grass, Wuchang and/or
Poochi.. WhiteChinaGrass, Sinshan and or Chayu Green China rasa, Szechuon Jute
White Vegetable Tallow, Kinchow White Vegetable Tallow, Pingchew
and/or Macheng
White Vegetablo Tallow, Mongyu Green Vegetablo Tallow, Kiyu.......... Animal Tallow Gallnuts, usual shape Gallnuts, plum do. Tobacco, Tingehow
Ten Oil
10.20
9.20
11.00
**
"
12.80
+1
10.80
#
15.50
+
17.50
"
"
6.70
F
**
**
8.50
From Mosers. Ilbert & Co's weekly Report, Tohacen, Wongkong. dated Shanghai, February 20th, 1968:-There | Turmeric
Sesamum Sead Here is distinctly
business doing this week principally for the River Ports and Korea; buyers | Sesamum Seed Oil for the Northern Ports are also making inquiries | Wood Oil.......... for goods and have made fair purchases where sellers have been willing to meet the demand; further advances are, however, difficult to obtain Messrs. Arnhold, Karberg & Co.'s Fortnightly and as prices in the producing market as getting Produce Circular, dated Shanghai, 20th February,
18, states: - Gallnuts. closer to value here holders are disposed to make
Home offices report sales under replacing cost for prompt clearance. little interest in the article. Cowhides.-Good Prices very firm. Fonthers.-Little The Korean demand is particularly welcome after inquiry. the long period of stagnation in that market, business doing. Cotton.-Tendency to take lower There is still an absence of life in the Tienten priona A fair business with Europo is being trade, but dealers are hopeful that more healthy | dome, Tallow-Market quiet. Seeds. -A good conditions will be established in that market as business is being done, Strawbraid.—There have been various settlements of 7-ends Split for America, mostly of inferior qualities; and the demand for good fine grades is stili strong, but there are no stocks. Europe is enquiring again for Laichow Mottled, but stocks are small, and quality poor. Wood.—Sheep's.—A few lots have arrived. America has shown more interest the While ideas of sellers and buyers atill prost wook. differ, business will no doubt result aro long. Wint OiL-A good demand, Price steady. Antimony,—Market very firm. Supplies small,
an
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Mossrs. Nool, Murray & Co.'s Pieve Goods Report, dated Shanghai, February 20th, 190s, states:-The slightly lower exchange that has been ruling since our last was written has given buyers rather more confidener, and consequently | more disposition to pay the pricus holders of Manchester goods were asking. In many cases these prices show a remarkable advanes and it is really extraordinary to seu how elastic the market is. The country is evidently short of goods, and in spite of the many disadvantages that are to be met with as regards financial arrangements the dealers bere seem pretty confident that the consumptive demand will be bri-k. The increase in the off-take by the Yangt-ze Perts høst year is decidedly encouraging, showing as it does a solid
the year pretposses Some forward business has forward movement that has laen lacking for yours
Nor been done in both American light weights and past and promises to still further develop. can it be said that the increase in any one direc- English shirting. There is little mbt that active competitor in tion was at the expense of another, and therefore | Lancashire has now genuine progress is shown in spite of the falling America for the finer qualities of grey shirtings; off in other quarters. Today is the general within the last month orders have been placed in Amerien for which Lancashire manufacturers have opening day for business in the cuntry, and slthough a great part of the eleurances so far not had an opportunity of quoting, and this at a made, and fresh spot transactions entered into. time when many looms in Lancashire are reported may have been in anticipation of an enhance! to be idle. Throughout the long period of good demand, it shows a good consumptive enquiry is trade, manufacturers in Laneasure have been expected, the only doubt being as to whether independent of demand from China which did not consumers can rise to the high prices now wanted ran on the style of makes suitable also for India ; after all the country has gone through in recent in the last few years American manufacturers have been cultivating the trade in finer goods and years. Fortunately there are no cheap goods espected to arrive for the next few months and as the pure goods made in the States are in many supplies of staple makes are in fairly strong hands cases preferred to the Lancashire makes, a portion of that trade has alroly virtually been trans. One good feature about the present situa -
forred. As in the case of drills and «listings, if tion is the cautions way in which the native banks
Lannshire wants to retain its old hold on the China trade it will now be nivomary to make goods in untation of established. American miskes, Fancy goods are participating to a certain extenf in the better inquiry, but prices are still unsatis factory. Yarns are quiet, Bombery is willing seller, but sales are not easy to offect in quantity
t small business at full rates ja reported in Japanese yarus, but dealers here ar not disposant to take as much interest in this trade as formerly, sung that Japanese importers. are offering their yarns at nearly all the Chutports and it
is sad even in interior markets, Grey | Shirtings. Inquiries from the country markets have come in fairly freely during the week and previous
have been well maintained
now.
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יוזין
A more
T-6 faths – We hear of business in stall quan- tities of Laly and Flower at Th. 2.25, and Man
Per P. & 0, steamer Deranka, sailed on 22nd February. For Gibraltar. -1 ensa silk piecr goods, For Lease silk.
For Milan:-10 balos raw silk Marwilles – 4 cases bird feathers. For London 4 cass chinaware and blackwoodware, & cases silka, 50 hales waste silk, 2 cases opium drosa, 1
Caso algar
SHARE REPORTS.
Mogare. J. P. Rivet & Co '4 Share Roport for the wook ending 20th February, 198, states:- Business since our last has not been very activa and there 14 not very much change in rates to Hongkong and Shanghai Hanks.-The report dividend having been paid, all shares now rank alike, but there was no business transacted during the work The T. T. rate on London to-day in 20. Insurance.-There is nothing to report. Shipping. Shanghai Tug & Lighter Co. Some -hars have changed hands at Tla, 40 and Tls, 46 for the ordinary shares. The Preference still remain at The nominal. Docks & Wharves, -Some business has been done at from Tls. 83¦ cash to The 85 for March, closing slightly No cash weak. Shanghai & Hongkew Wharves.
For March franquctions are reported this work. rales have been måde at Th. 216 clowing with Considerable business has been done for allara June and September ranging from Tls. 210 to Tla. 214. Rugar. • Nothing Mining. Some cash shares have changed han·le at Tl«, 16. Industrial. business reported.
are convencing operations, there being an evident determination not to encourage the starting of mushroom firms amongst the natives, as has been done so much in late years much to the detriment of the old establish Hongs. An- other thing that is likely to curtail the growth of small firms here is the enormous increase in rentals for business premises, and other expenses for living. Retail shops in our main thorough- fares that have been sceny ind for yous by some of the most prominent de ders are being given up simply for that reason, and there seems to bar in hope for any abatement. Advices from the chit- ports are still of a very meagre deseription. There is no improvement yet in the Newchwang financial situation, hard coin being an unknown commodity, transier notes heing the order of the day and those are absolutely at the mercy of the native banks, who fix their own rate of exchange. Numerons and Flag at T., 2.221 Auction choque improvest failures of native hongs and banks are reported | about 2 cawlarens Jeans -Demand is evidently to have taken place in Manchuria, which does stall unsatisfied and prices are steady to firm at
The close not look very promising for the opening of trade.
White Shirtings-Pire Ånish clothe Tientsin is still a dead letter as far as this is have been in goal request for the Korean market concerned, the natives saying there is sufficient during the interval, and the River Parts livve
Pric also been inquiring to a m»«lerate extent. stock there already to go on with. There is some news published of the establishment of a service have advanced about 5 candareens all rand, -In Cottons there is no between Chefoo and Kuangehengtze, but without Drills. Prices for Americ in gools show practic.
Shanghai Gas Co. have suffered a considerable further information it is impossible to say of what ally no change from the meatione last week, | relapse, the market opening with canh salon at The 112, the next rate obtainable for shares on benefit it will be to Foreign trade, if any, ☛ It is but aisut 14,cum proves have changed hands said that the prospects of a return of the old Sheetings. -There is
bot yet sufficient demand | offer bring Tis, 195. This drop was caused by trade with Vladivost.ek are improving. There about to influenew prices to any extent and the
the publication of the dividend. The Market has been a good demand for Corea during the market may be described as quite steady. Dyod
el-sex with buyers at The, 105. Shanghai Pulp & interval and several parcels of Grey and White and Fancy Cottons – We are unable to report any
Pepe Co. On the publication of the Report market. booked for that goods have
change in the state of our market Sales are
anl Accounts the rate immediately dropped from Th. 60 to Th. 45. Some shares are wanted at Manchester is easier to deal with, and in the difficult to effect and <toks still too heavy t› aggregate a considerable business must have permit of any material improvement in value, no this figure Maatschappij, &c., in Langkata. Cash gone through in the last week o two. The
shares have been dealt in at Tla. 422) and Tla. private business has been reported. Fast Black market is not at all regular, and although this Cotton Lastings were irregular as usual at auction,
120 and a fair business has been done for March At the close month's shipment can be obtained April to but the majority of chops went for lower ratom, at The 130, Tla. 427) and Tls, 425. June is more generally quoted. In some cases Worsted Italians are reported under Cock chop as
the Market is easy at these rates. Shanghai goods for earlier shipment have ha offered Tl. 10:25, and Jis at Tle, Food,
Sowatra Tobacon Ca, Cash shares have been dealt For immediately after an order for later shipment were firm at the auctions
in at Tix. 130 and there are further sollers, Cotton The local
1324. shares
оп oder at Tia. had been placed'. That system of booking orders' aboad while still holding goods in hand, or avail.
Miscellaneous, ~A good demand set in for Hail
been
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All Wallen«
staple remains steady but quiet, Yarn, - The market for all Spinnings is easy with no demand ̧
March