50
KEROSINE.
FOOCHOW, 3rd July, 1908.-Imported during the week 287,200 gallons, as again t 151,500 gallors for the corresponding week of last year.
HANKOW, 18 July, 1908.-No imports during the week.
Yokohama, 30th June. Arrivals and deliveries for the second half of June show-Standard Oil Coy, arrivals, nil; deliveries, 21,300 cases: Rising Sun Petroleum Co., arrivals, nil; deliveries, 20,000 units.
FLOUR,
FooсHow, 3rd July. During the week 4,496 bags were imported, bringing the total since 1st June up to 29,589 bags which is a decrease compar ed with the 35,478 bags for the samo period of
1907.
C
YOKOHAMA, 30th July-Stocks are about 60,000 sacks. Owing to the impossibility of competing in price with the native output foreign competi- tion has practically closed for the time being,
YARN.
FoocHow, 3rd July, 1908- During the week there were imported 47,300 piculs Indian, as com- pared with 20,100 for the corresponding week last
year.
PIECE GOODS
nearer
THE HONGKONG WEEKLY PRESS AND
the market that appears to be making most rapid progress toward recovery ard is the centre for which the bulk of the business has been done this week. The clearances comprise a great variety of goods, but American drills form the bulk. Other markets remain much the same as last reported. Natives interested are not saying much about Gores, hat seem to be in a decidedly hopeful mood. The Manchester market is very strong, prices keeping well over those ruling here. Gott n in Liverpool has kept fairly steady, to-day's quotations doming 6.43d for Mid American and 74d for Egyptian. The "Future" price for the former came yesterday 583d, when spot was 647d. The export of Plain Cottons from England last month mounted to 36,000,000 yards, a quite unexpected quantity. New York is very firm, but nevertheless business has been done for this market, chiefly in Jeans and light weight Drills. Manufacturers are not at all disposed to press sales, and the swall business already done appears to havo imbued them with strength. The quotations for Cotton in New York that are received hero. appear to be very irregular, being 9.26 cents for October and 0.40 cents for December, while to-day September option comes 9.43 cents. The Yarn market, both for imported and legal. spinnings, has been fairly active at steady to firin prices. Quotations are firm for what little) native Cotton there is on offer. Ne details have appeared of the small business that has been done from first hands in Manchester makes, as we mentioned above, the individual quantities! being very small, but comprising quite a variety of makes, and all for prompt clearance, although there are heaps of old contracts in the backs that Importers cannot get moved. The Foreign Exchange Banks were closed yesterday and to- day for the Summer Holiday, really to balance their books, so no quotations have been available since the 30th ulto. Silver has dropped a sixteenth in London since then.
EXPORTS:-
TEA.
Foocнow, 3rd July, 1906.-During the week the following settlements have taken place: Congous, 8,700 half chests; Souchongs, 6,650 half chests; scented teas 825 boxes; and Flowery Pekoes, 268 chests.
This season's stocks comprise 22,100 half chests congou, 13,170 half chests Souchong, 1,000 half chests Oolong, 1,190 boxes scented teas, and 479 chests Pekoe.
The total shipments for the 1908-9 season are:- Congou, 5,606,661; Souchong, 2,428,734; S. O. Pekoe, 27,308; F. Pekoe, 312,041; Sorts, 58,234; total 8,462,978 lbs.
HANKOW, July 1st.-Business reported since the 25th ult., is as under:—
1908. Chests. 15,8-14
1907. -Chests 7,017
per picul
Settlements Consisting of the following Teas :-
-Chests,
Ningchows..... 2,286 at Tls.
Wenchows.
at 38.00
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai, 2nd July, 1908, states:-The course of trade during the interval has not been altogether a very smooth one, and but for the fairly favourable clearances in the earlier part it might well have been thought that it had suffered another relapse. As it is, the business going on is a purely retail cne, what buying there is being from band to mouth, the quantities, in most cases, being too small to be any criterion of the actual market. The shocking state in which the popular currency of the country has now got into, as pointed out in all the recent Customs Reports we have given extracts from, and which is actually going from bad to worse, is undoubtedly the cause to which is attributable the great depression in trade all over China, Until the Native Authorities can be made to see the necessity of coining and issuing single copper cash and much their intrinsic value than the present 10 cash, or 1 cent pieces-that are not actually worth 50 per cent of their face value and will not pass for more-the present helpless muddle must con- tinue. It is quite possible to imagine the country farmers and market gardeners being forced, in the towns, to accept these tokens in payment for their produce, only to find when they want to invest in foreign goods their coin is not worth more than 40 to 50 per cent of what they received it at. This must ultimately lead to disaster, and will force the agriculturists to revert to the ancient system of barter. The whole cur- rency question is in a rotten state, and is being complicated by the issue of private bank notes in the same promiscuous manner as the Provincial Treasuries are circulating these inferior 10 cash pieces. Nothing should be allowed in circulation that the I. M. Customs Banks will not accept at their face value in payment of duties. Are they willing to accept the two media referred to at their face values, if at all? It is reported that for some time past goods originally imported into Tientsin direct are finding their way to this market and are being sold for what they will fetch, irrespective of the cost to the importers, who are supposed to have delivered them on the credit system. That sort of thing is not calculated to assist our market, which is already overburdened with goods of the same class that have to be liquidated. The disappearance of native indentors interested in the fancy goods trade has not yet ceased, and in a majority of instances the cause of their troubles is distinctly traceable to the over persuasiveness of some special agent of a Manchester House! After the distressing news that has been coming in for weeks past of the anticipated direful con- sequences of the long drought in the North, it Ningchow Tls. 15.50 at 100.00 Tls, 19.00 at100.00 was refreshing to hear that rain had at last fallen. In some parts, however, it appears to have been altogether too excessive, railway bridges washed away and rivers over flowing being now the order of the day. In this neigh, bourhood we are having quite a sufficiency, but the country is fairly well drained and the crops are not suffering, the prospects for both cotton and rice being very favourable. Newchwang ia
Oopacks.
HANKOW TEA Settlements
Stock
ני
58
1,185
31
15:10 21.50
J1
6,599
31
2,845
.33
11
1,602 1,35-4
}}
14.25 22.00 1475 19.00 13:75 10.50
J
1)
31:50 33.25
7
Oonams Oofaas Seang-tams Ichangs The following are Statistics at date compared with the corresponding statement of last season, viz, 26th June, 1907;—
1909.
1907. -Chests. -Chests. ...428,312 369,294 10,760 12,047
...415,072
381,341 1908.
1907. -Chests. -Chests. ...169,245 169,470 21,775 15,962
...191,020 185,132 Quotations per picul are
1907.
Arrivals...
KIUKIANO Tɛa. Settlements
Stock
Arrivals Comparative under:-
1908.
as
18.50, 74.00
31
21.50 25.50
31
[July 20, 1908
Hankow Tea Kiukiang,
"
17
Season 1908-1909...lbs. 4,741,684...lbs. 8,521,891 1907-1908... 6,518,257... 4,293,970 1906-1907... 4,241,204... 3,774,520
2
JT
11
The export to 29th June, as per Customs
Returns stands thus:
Via Shanghai,
1908/D 1907/8 1908/7
lbs...
lbs.
lbs.
To Great Britain......1,367,689 1,600,153 2,168,701 U. S & Canada ...3,493,107 2,806,017 1,562,271 Continent ..1,983,609 1,731,622 1,213,279
19
21
11
Russia via North..
Russia in Europe,
Shanghai..
Direct, 1908,
Gr. Britain
U. S.
Continent
1,299 3,218,504
487,860
896,729 540,542 1,559,601
196,864 lbs.
.4.3,386,720 813,092
*
+
→
#1
Russia in Europe...2,611,115 Russia in Asia ...11,062,888
Direct, 1907,
88 Loongmoon
"
Russia in Asia ....1,800,326 lbs.
The new
YOKOHAMA, 30th June. No change to report so far as price and quality are concerned. Stocks are small and second crop teas are making their appearance slowly. Very little interest is being shown by foreign buyers, in present offerings, though fairly large transactions are reported from Shidzuoka on the part of native buyers. crop, so far, shows the usual want of quality in leaf when compared with first crop teas with none of Yokohama from May 1st to June 29th amount the usual advantages. Total settlements at
to 54,350 picule, against 63,430 piculs at the corresponding date last year.
Kobe, 30th June.-Settlements to date amount to pels 28,000 against pels 41,000 for the same period last seacon.
CAMPHOR OIL.
www.
Foocнow, 3rd July, 1908.—No fresh business is reported.
CAMPHOR.
HONGKONG, July 20th. The market remains very dull and there is no change in price. Quota- tions are $85.00 to $88.00,
FoocHow, 3rd July, 1908:-There has been ex- ported during the week 350 piculs, bringing the total since 1st June up to 928.75 piculs, as com pared with 2232,83 piculs for the same period in 1907-
MISCELLANEOUS EXPORTS
: {
Messrs Arnhold Karberg & Co.'s Fortnightly Produce Circular, dated Shanghai, 29th June, 1908, states: Gallnuts-Good demand but little business results, as supplies coming in are small. Cowhides-Market closed. Feathers-A good
business has been done during the past two weeks. Stocks are well cleaned up. Cotton-no cargo offering. Tallow.-There is good demand for fall delivery. Strawbraid-Demand almost nil. There have been small settlements in common split at
very low prices in Laichow mottled. and Shansi mottled. Wool.-Sheep's, no demand. Fairly large stocks. Wood Oil-market quie, Antimony-Good demand from the home markets. Very little offering, Statistics show that since 1st October, 1907, there were shipped 27,635 piculs gallaute, 99,414 piculs cowhides, 16,078 piculs tobacco, 25,293 picule feathers, 54,811 piculs cotton, 59,613 piculs tallow, 73,010 piculs wood oil," 1,274,143 piculs sesamum seeds.
Fer P, & O, steamer Malta, sailed on 11th July, For Manchester :-85 bales waste silk, For Gib- raltar:-1 case cigar, 2 cases silk piece goods, For Lyons:-388 bales raw silk. For St. Chamons: ---34 bales raw silk. For Seville:- 35 bales tea. For Marseilles:-329 bales raw silk, 265 waste silk, 7 cases human hair, 4 cases feathers, 1 case em- 12.90 27.00 broidery. For London:-1,676 packages tes, 80 28.00 bales raw silk, 108 bales waste silk, 4 cases silk, 35.501 case embroidery, 9 cases chinaware, 1 case paper 17.30 pictures, 1 case bird's feathers, 1 case bristles, 29.00 69,00 For Trieste :-50 bales waste silk,
Khemuns Hohow
21.00 67.00
15
"
"
+3
"
"+
1+
**
19.00 24.00 25.50 27,00 19.50
13.50 26.00 13.60 27.00 14.75 36.00
21.00
1
21
12.00
11
17.00
27
39
13.75 31.50
JI
18.50 65.00
12.30
"
""
Kutoans.. Wenchow Oopack Oonam Confaa Seangtam Ichangs...
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