March 21, 1908)
and are asking higher prices again. Most of the cargoes by the early steamers have now been declared and about confirm the figures we gave as regards Piece Goods, but there is a discrepancy as to Cotton Yarn, which may of course be made up by subsequent declarations. There is no further encouragement from Newchwang, but the first steamers for that Port are expected to leave at about the end of next week. It will be interesting to see if they meet with any success in the way of Piece Goods and Yarn. According to the speech made by the Chairman of one of our local Cotton Mills at the Annual Meeting the other day Japanese goods are usurping in Manchuria even the native woven Nankeens in which the locally spun Yarn is largely used, and a great deal of the depression the Mills have met with here is Rccounted for by that fact. Hankow and the other River markets appear to have supplied their wants for the present, clearances of former purchases going on satisfactorily as a rule, how-
ever.
The Railway from this via Soochow is expected to be open to Nanking its terminus in a few weeks, if not days time, pending the proper adjustment of the likin question on goods so carried. At present it is prohibitive, but we understand sufficient evidence has been collected and sent in to compel the Government to make enquiries and place goods on an equitable footing with those carried by Junk via the Creeks. With most makers in Manchester it continued to be comparatively easy to connect, but some of the weavers of Standard cloths are engaged well on to the Autumn. Business to a very fair extent is being done in Greys and Whites for this market, mostly to replace sales from stock and to arrive, and to keep up the supply of well known chops and cloths. Cotton in Liverpool continues to fluctuate, but within comparatively narrow limits, coming yesterday 6.12d, for Mid American. but this morning 6.650. The quotation for "futures" yesterday was 5.69d. Egyptian is unchanged. The New York market keeps very firm and full prices are wanted for all classes of goods, making the laying down cost 10 per cent. to 15 per cent. over prices current here. quotations there are rather easier, namely 10,76 cents for March and 10.52 cents for May "option." To-day 10.87 cents comes as the price for July option. The low prices, comparatively, that local spinners have elected to accept are attracting the attention of exporters to Tientsin who are giving them the preference to Indian Spinnings at the price. The continued weakness of the Osaka market is causing operators to hold off here and prices are certainly easier. Indian Yarns are fairly firm especially No. 203. the stock of which is steadily dwindling. Clearances of all kinds are satisfactory. Fresh business in staple makes this week has not been so general, Årst hand holders of available stocks being comparatively scarce. Those who have are getting rid of them as gracefully as possible and replacing for inter shipment. The private market for fancy goods is very depressed, and with prices coming down at home with some rapidity holders here are not to be envied. The continued large quantities that are being slaughtered at Auction will effectually prevent any recovery becoming possible.
Cotton
SHARE REPORTS. Meaars. J. P. Bisset & Co.'s Share Report for the week ending 5th March, 1908, states :—- There has been a fair general business put though since our last, and rates in most cases have advanced or been well maintained. The T. T. rate on London to-day is 2/6). Banks.-H. & S. Banks. Shares have changed hands at $7121 with exchange at 73, and the market closes with buyers at this rate. Insurance.-Unions. Shares have been imported from Hongkong during the week at $840 with Hongkong Exchange. North- China Insurance shares. There are sellers at Tla 80.
Shipping.There is no business reported. this week. Docks and Wharves.- hanghai Dock and Engineering Co. Ld.
|
A small lot of shares were taken off the market at Tls, 81 for March and there is a demand at current rates, viz., Tla, No cash and Tis. 81 for March. Shanghai & Hong- kew Wharves. In the early part of the week transactions were reported as low as Tla. 2111 for cash and Tls. 216 for June. A steady demand set
CHINA OVERLAND TRADE REPORT
in since, which has carried rates to Tla, 216 cash, Tis. 217 for March and Tia, 2214 for June. We hear of unreported sales for Dec. at Tla. 2221. Sugara-Nothing reported. Mining, - Chinese Engineering & Mining Co. shares have declined to Tls. 15, at which rate there are sellers. Lands. ---- A consistent demand for shares has incressed
div. Shanghai Pulp & Paper Co. Shares are wanted at Tls. 45 cash, and there are sellers reported at Tls. 46 March, Maatschappij, &c., in Langkats. On the 5th instant rates prevail- ing were Tla. 420 March and Tls. 435 June, and the market remained steady until after the General Meeting on the 20th instant, when a strong demand set in and as usual in this stock, rates quickly advanced without business to Tls. 4324 for cash and Tls. 435 for June. On the 11th sales were reported at Tls, 440 and Tls, 439 March delivery with buyers for June at Tla, 452). Shanghai-Sumatra Tobaccos have been placed at Tls. 123 for cash and March delivery. Mia- cellaneous.-Hall & Holtz. Shares have changed hands at $23]. Weeks & Co. shares are wanted at $22. A sale of Central ordinary shares is reported at $12. Lane, Crawford & Co, A transaction has taken place at 81871 for cash. Telephonos hars been dealt in at Tls. 54. Shang- hai Tramways. There has been a good and constant demand for shares. The rate prevailing at the beginning of the week was £11, but this subsequently advanced and transactions are reported at £11. 58, £11.7.6, and £11.12.0. The unarket closed with buyers at the latter figure.
rates from Tls. 105 to Tx. 106, the market closing fairly steady. Industral-There has been a fair demand for Ewo Cotton Shares at current rates, but no business reported. Shanghai Gua Co, Sales have been made of small lots at Tls. 104 ex
fair
HONGKONG, 20th March, 198. — A amount of in vestment business has been transacted during the week under review, and rates on tòo whole have continued steady.
Bar silver closes at 251 1., and Exchange on London at 1:10 T.T., and on Shanghai at 74 T.T. The Bank of England rate of discount has beau 3 months' bills to 24 per cent. reduced to 3 per cent., and the market rate for
BANKS.-Hongkong & Shanghais have again been booked at $795, the market closing s'eady. London is unchanged at £75 108. Od. Nations
851 without feature.
MARINE INSURANCES.-Uuions bave ben in further demand at 8840 at which rate a small sale is reported; and China Traders contioned in request at $91. North Chinas are easier with sellers at Tis. 84 Yangiszes and Cantons are unchanged.
|
FIRE INSURANCES.-Hongkongs have been booked at $295 and a few more shares are wanted. There are sellers of Chin Fires at 8×9 after uses at the rate and at $88.
SHIPPING.-Hongkong, Canton and Macace have been booked, and are in further request at $29. Indo-Chinas are quoted at 538 and 826 for the Preferred and D-ferred combin-d, aud at this there are prob bie boy,rs. China and M.nis and Douglases o ntinue on offer st quotations, and there are selers of hell Trans- ports at 44a. Jd. Star Ferries are som-what firmer at 828 and $14 for the old and new issues respectively.
REFINERIES. - China Sugars are somewhat firmer, and after sales at 8108 and 8109 close in further r quest Luzons are unchanged and have not been dealt in during the interval.
MINING.- Charbonnages hare hardened and
Rab have been can now be placed at 85-41. booked at $A.
DOCKS, WHARVES AND GODOWN 8.-Sales of Hongkong & Whampoa Docks are reported at 896 and $98, the market closing with sellers at the higher rate. Hongkong and Kowloon Wharves are st-ady at 353 ex the divi lond of $1 per share on the old i-sus paid on the Itith instant. The new issue is quotel at the same figure. being now identical, and ranking for Shang- dividend as from the 1st January last. bai Docks, after sales at Tia, 90, xre s'ighly easier with sellers at that rate, «nd no buyers over Ils. 79. Shanghai and Hongkew Wharves have been sent to the north at The 216 and Tla. 214, and more shares are probably procurable at
the lower rate.
LANDS, HOTELS AND BUILDING& – Hoog kong Lands are unchang d with sellers at $100, and Hoogkong Hotels at $98 sellers Humphreys' Estates have been biokel at $10, and more shares can be placed. West Points ovatione in request in a small way at 348
COTTON MILLS. —No basiness is reported in without this section, and quotations clo e any materi‹l obsuge,
197
and at $114. China Lights are easier with sellers at $5. Peak Trams are steady with sales of old at $13, and new at 82.
Quotations are as follows:-
COMPANY.
MISCELLANEOUS —China-Borneos have been b oked at $ili and $11, and close with buyers a' the forme- rate. Dairy Farms hav‹improred Posts 10 323, Hongkong Miling, have again to $17 with bay-rs, and Soath Chius Moraing
ben negocia ́ed at $134, at which rate the market clos s firm Green Island Comenis aIS still be procured at $114 after mles at the rate
Alhambra
Banks-
Hongkong & S'hai..... National B. of China! Bell's Ashestos E. A... China-Borneo Co.........
PAID UP.
QUOTATIONS.
Ps. 200 Nominal
$695, as los á sel.
$125
London £75.10
26
$51
12s. 6d.
$74, buyers
$12
$11, buyers
($10
China Light & P. Co.¡ { $1 }
China Provident
Cotton Mills-
Ewo....... Hongkong International Laou Kung Mow Soy choo Dairy Farm
$5, sellers
$10 $9, sollers
...Tla. 60 Tla, 64
Docks & Wharves-
H. & K. Wharf & G.
H. & W. Dock New Amoy Dock. Shanghai Dock and
Eng. Co., Lt
$10 $9, sellers Tla. 75 Tls. 55 Tls. 100 Tla. 75 Tls. 500 Tla. 270
$8 $17, buyers
$50 $53, ax div
$50 $98, sellers $61 $10
Tls.100 Tls. 79.
S'hai & H. Wharf... Tls. 100 Tls. 214, sellers Fenwick & Co., Geo...
4. Island Cement.. Hongkong & C. Gas....... Hongkong Electric.. Hongkong Hotal Co... Hongkong Ice Co...... H. K. Milling Co, Ld.
Hongkong Rope Co...
Insurances Canton China Fire. China Traders Hongkong Fire, North China.. Union
Yangtaze
Land and Buildings-
H'kong Landinvest. Humphrey's Estate Kowloon Land & B Shanghai Land. West Point Building Mining -
--
Charbonnages Kat
Peak Tramwaya
Philippine Co.
Refineries
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.,
WID Watkins Watson & Co., A. S Wiesanann 14. United Ambient text
$25 $13, sellers
$10 $11, sellers 210 $176
$10 $15, sales $50 $98, sellers $25 $225
$100 $150 $10 $26
$50 $210, sellors $20 $80 $25 $91, buyers $50 $295, sales
25 Tla. 84, sollers $100 $847), sellors
$1471 $60
(8137)
$100 $100, sellers
$10 $10, sales $30 $27, mellers Tis. 50 Ti«, 108
$50 148, buyers
Pex.250 $540, buyers
Do. Founders Union Waterlsat Col
{
18.10 18, sales & seller
$10 $13,
$1 $2
$10 $71, buyers
$100 $100, ««llers $100 $15
$25 $12, sellera $50 $40, seilor.
$15 $29, buyers
$38
£3
$26 21 44/3 $10 $28, buyers $5 $14, bayers $25 $23, buyers $5,$t, sollers
$10 $17 $10 $5 $10 $21 $10 $10, sales $100 $185
$4 $10, buyers $0 $150, buyers $10 $10, salos
VERNON & SMYTH, Brokers,
FREIGHTS.
From Hankow por Conference Steamera.—To London and Northern Continental ports 45/- per ton of 40e. ft. plus river freight. To Genoa, Marseilles or Havre 45/- per ton of 400. ft. plus river freight. To New York (via Suez) General Cargo 30 per ton of 10c. ft. plus river freight. To Sew York (via Suex), Tea 37/6 per ton of Wo. ft. plus river freight. To New York (Overland) than carload Tea G. $11 cents per 1b gross plus por carload, Ten Q. $1] cents per h gross; lenn
river freight. To Shanghai -Ton and General Cargo, Tis 1.80 to 1,80 per ton, weight or
measurement.