200
IMPORTS. :-
COMMERCIAL.
RICE.
HoxaxONG, 26th October-Large demands having come forward, the prices are going upward.
Quotations are :— Saigon, Ordinary
"
Round, Good quality Long....
Siam, Field mill cleaned, No. 2... 4.60 to
Garden,
"
White,
"
#
Fine Cargo
$5.10 to $5.20 5.00 to 50.5 5.10 to 5,15 48.5 No. 1... 4.80 to 4.90 5.00 to 5,05 5.05 to 5.75
OPIUM.
Quotations are :—-
Malwa New
Malwa Old
Malwa Older
Malwa Very Old ..... Persian Fine Quality Persian Extra Fine
Patna New Patna Old
Benares New
Benares Old.
I
HONGKONG, October 20th.
$1250/1280 per picul.
$1290/1300 do. ...$1310/1320 do. $1380/1850 do. .$880
do. .8030
do. per chest.
do. do. do.
......................................................$1200
....$1110 .$1110
THE HONGKONG WEEKLY PRESS AND
Hong, which was expected to involve some of the Native Banks, and caused some of the Foreign Banks to call in their loans. The havoc this was likely to work was fortunately soon seen, and not only were the loans subsequently renewed but further accommodation to a considerable extent granted, this being supplemented by the Taotai. Native interest at one time went up to prohibitive rates, but the measures taken have relieved the situation and rates now, although abnormally high, are greatly reduced. Naturally, notwithstanding the Piece Goods and Yarn trades not being specially involved, the effect was very severely felt, and in adding to the already deplorably depressed state in which the market was in. This of course is chiefly in the curtail ment of clearances, many of the Country mer. chants who have money to invest in goods pre- ferring to loan it out to the Native Banks at handsome interest instead of clearing mer- chandise. The weather, too must be held partly responsible for the poor deliveries, and it is much feared that the recent excessive rain fall will seriously affect the crops not already harvested. In addition to our local troubles the unrest in other parts of the world cannot be entirely ignor- ed, if for no other reason the effect on the Silver market is quite sufficient. The very serious state of affairs in the South-East of Europe is pregnant with the most dire consequences and may develop into a disastrous war if not band- led with the greatest care. The Presidential election in the United States of America is another poteut factor which is exerting, as on former
Foochow, 9th October, 1908, business during occasions, a world wide influence on trade, the the week is summarised as under :-
Stock on 1st October, 1908
Malwa chesta
43
Patna chests
Benares cheats
.10 ..13
Persian chests.........
...62
Total
128
Imported during the week
Malwa chest
Patna cheste
.35 14
Benares chests
Persian cheats......
1
23
Total
--73
Sales during the week
Malwa chest
.33
Patna chests
8
Benares chests
4
Persian chests
27
Total
.72
Estimated Stocks
Malwa chests
Patna chests
Benares cheste
Persian chests
Total
Quotations
45
.16
10
.58
129
Malwa chests, new $1,300 a 1,360, old $1,400 Patna chests, piculs $1,20, new $1,220 a 1,245 Benares chests, piculs $1,20, new $1,190 a $1,200,
old $1,220
Persian chests, $900 a $980, paper.
KEROSINE.
Fooczow, 9th October, 1908.-Imported since 1st June 2,843,080 gallons, as against 2,195,828 gallons for the corresponding period of last year.
FLOUR.
FOOCHOW, 9th October.-During the week 11.990 bags were imported, bringing the total since 1st June up to 202,915 which is a decrease compared with the 226,484 bags for the same period of 1907,
YARN.
FоосHоw, 9th October, 1908.-During the week there were imported 813 piculs Indian, 120 piculs Hongkong and 77 picule native as com- pared with 188 picule Indian, and 258 Hongkong native for the corresponding week last year. The total imported since 1st June is 9,618 piculs as against 14,623 for the corresponding period last year.
PIECE GOODS.
Messrs. Noel, Murray & Co.'s Piece Goods Beport, dated Shanghai 16th October, 1908, states-At the time our last Report was penned it was scarcely realised that Shanghai was in those of a very serious financial panic. This was brought about, to a great extent, apparently, by the rather discreditable failure of a Native
uncertainty being so great as to whether the new administration will not cause drastic changes to be made in the tariffs and business methods at present in force. Already one of the candidates is making important pronouncements regarding the future attitude towards this country and the kindly interest he intends to take its affairs. if he is elected. Anything will be better than the present state of "drift" that seems to be the policy of most of the interested Powers at present. Very little has been heard of the "look-out" in Lancashire According to the latest advices 160,000 operatives and 40,000,000 spindles are involved. In reply to an enquiry from here by cable as to the hope of the termination of the dispute a message received on the 12th inst. stated there was no prospect of an early settlement. Although this may mean a considerable curtailment of the production, and the spinners were only too willing to bring about, those weavers who spin their own Yarn are not joining in the lock-out" and though perhape working short time are quietly We think filling what orders they have booked. we are correct in saying a fair number of the manufacturers who weave for this trade come
under this category, in which case shipments need not necessarily be delayed; this should not be overlooked. Meanwhile the Manchester market Shirtings keeps very steady Hornby's 8 5-lbs.
The
|
[October 26, 1908
and to make matters worse Japan is sending direct shipments to Hankow and Tientsin and underselling the holders of similar goods here. It is positively stated also by a prominent native connected with the trade who has just returned from a visit to Tientsin that the pernicions credit system is being countenanced there again! We have quite failed in getting particulars of any business that may have been done privately so must refer to the usual Auctions, At the Ynen Fong male on the 8th inst. the tendency was lower in to the Grey and White goods and also the Fast Black Cotton Italians and Venetians. For Turkey Reds, which are getting very scarce now, there is a decidedly stronger feeling and prices are distinctly higher. To-day's male at Ewo did not show much kick in the prices obtained for Cottan goods, though in a few cases fair advances were paid, but the indivídual quantities are too small to be any criterion of the market. Woollen goods were weaker all
round.
EXPORTS:-
TEA.
FoоCHOW, 9th October 1908:-During the week the following settlements have taken place i Congous, 2,376 half chests, Bouchongs, 2,107 half chests; Oolongs, 652 half chests, scented tona 300 boxes; and Flowery Pakoes, 42 chests. This season's stocks comprise 48,640 half chests Congou, 10,545 half chests Souchong, 34,775 half chests Oulong, 858 boxes scented teas, and 164 chests Petoe.
CAMPHOR OIL
FoоCHOW, th Octobar.-No fresh business is reported.
CAMPHOR.
FooсHow, 9th October, 1908-There has been srported during the week 50 piculs, bringing the total fince 1st June up to 2,748 piculs, as com pared with 5,933 piculs for the same period in 1907.
HONGKONG, 28th October:-There is no buyer and the quotation is the same as when last reported.
HONGKONG SHARE QUOTATIONS.
HONGKONG, 23rd October, 1908-During the ́ week's interval which has elapsed singe our last, business in shares has been almost at a stand; still, and there are few transsotions to report Rates on the whole have however remained fairly steady, and at the close are without m terial alteration. 'l he London rate for Bar Silver is quoted to-day at 231d., with sterling - T. T. at 1/9d, sn | on Shanghai at 754 'T.T.
BANKS-8mall sales of Hongkong & Shang- hais are reported at $80°, market alosing with probable sellers. The London rate remains at £80. Nationals continue at $51 buyers.
MARINE INSURANCES.—Á mall male of Unións at $785 has been affected, but otherwise there has been nothing done in this section. There are buyers of Yangtsson at $160, and of North Chins at the improved rate of Tls. 83 az div.
FIRM INSURANCES.-Sales of Hongkongs at $335 are reported, but at this figure more shares are procurable. Business has been done in Chinas at $95 and $96, and these shares oin now be placed at $97.
SHIPPING. -We have heard of no business under this head, and there is no change of im- portance in quotations to report. Shells might perhaps be, placed at 456, but there is no busi- ness offering, and the quotation is more or less nominal.
only showing a decline of a penny, namely 68. 41d, while Čalvert's 10lbs. are unchanged at | 10s. Od. Nothing further of any importance has been done for this market since the fairly free purchase in September. The progress of the Liverpool Cotton market is being watched with interest. The condition of the American crop at the end of September was about up to the average and it is now fally anticipated that the commercial crop will ambunt to something over 14,000,000 bales, the largest on record. 'spot' price in Liverpool yesterday was 5.02d, the quotation received on the 9th inst. for Octo- ber 'futures' being 4.68d, while to-day the January/February price for middling, good or dinary clause, comes 4.56d Egyptian is steady at 7fd. The export of Plain Cottona from Lan- cashire for the fortnight ending 9th inst. was 13,000,000 Yards, a slight increase on the two previous periods. The market is keeping very steady in New York with just a trifling decline in some makes of light weights. Cotton is rather firmer, 852 cents for January and 8.50 cents for March being the latest quotations, but there is a downward tendendy owing to the
Ravinarins. - China Sagars have been book- As regards | ed at the reduced rate of $115, but at this figure heavy arrivals of the new Crop. current business the dealers are in a most pee-
there are bayers, and few shares appear avail. simistic wood, the outlook being far from pro-
Lasons can still be procured at $21. All branches of tradé are in precisely mising.
MINING. Ranba contínue unchanged with the same condition and it is becoming more and more manifest that flooding the country with
sellers at 87 after reported sales at $61 and $61, with buyers at the latter rafe. Charbonnages inferior copper cash is largely responsible for the distress now prevailing. It is well known that are still in request at $580. Chiness Engineer- large sums of money loaned out to the dealers❘ings are wonk with sellers at Tia 16. here by the Native Banks are due for repay- ment this month, and under present circumstances thers is bat little chance of renewals being granted. The situation is really desperate and every one is at a loss to know how to act. The Outports appear to be in just as bad a plight,'
Docks, Whanym and Godowns—Hong- kong and Whampoa Dooks have been booked st $93, bat at this quotation are weak with millors. Hongkong and Kowloon Wharves after malon $50, $40‡ and $49, are on offer så the latter FACE. New Amoy Docks and Bhanghel Dosis