392
PIECE GOODS.
re-
THE HONGKONG WEEKLY PRESS AND
Messrs. Noel, Murray & Co. of Shanghai in their latest Piece Go de Report, dated Shanghai 20th November, states:-Since our last Report was penned events of paramount importance have taken place in China which almost entirely obliterate for the time being all interest in this market. The double tragedy of the deaths of the Emperor Kwang Shu and the Empress Grand Dowager within a few hours of one another was a quite uulooked for event, although it was known some time previously they had both been ailing. However, with whatever eur- prise the news came to the outside wuld everything seems to have been arranged in readiness in the Imperial Palace, and ore cannot but help admiring the studied preparations that were made to lessen the shock to the Empir and prevent the outbreak of disturbances that are Jooked upon 88 the necessary adjunct to the change of rulers in an Eastern Empire. The arrangements made appear to fall in with the views generally of the trading classes at all events, but it cannot be expected that there will not be bickerings amongst the rival factions that are known to exist, but which have been kept under control by the strong personality of the Lady who has been the actual ruler of China for upwards of forty years. Now that her influence is removed great changes must rapidly take place, but possibly not without considerable opposition from the remains of the old conservative party that still exists and exerts all their efforts in favour of the actionaries and opponents to Foreign intercourse and progress. Until that struggle is over a period of uncertainty and want of confidence must prevail. Credit will continue to be curtailed and what business is done will simply be from band to mouth. The latest news from Peking falsifies entirely the outrageous rumours that were freely current here yesterday, and which quite outdid the incidents of the Foxer outbreak. It is true there is considerable trouble going on within the Forbidden City which is surrounded by troops, but the high officials are known to leave it and attend meetings of the Waiwupu to confer with the representatives of the Foreign Powera, Runs on the Nativo Banks by private depositors who wished to withdraw their money has caused great trouble, and it is reported that over fifty bave closed their doors in Peking, but that does not affect the trade of the country. The foreign drilled troops which
arg at present in one of the Yangtse Provinces for the annual 'manoeurvrəs have been ordered to remain there and carry out the original programme, and the presence of the Legation guards in Pekin should be sufficient to prevent any fan tic outbreak, The Foreign Banks here, whose attention has been required for events nearer home, are coping with the monetary situation in a liberal spirit, and although interest with the Native Institutions is very high, their funds having been greatly re- duced, to a large extent owing to the recklessly extravagant manner of living of certain sections of the Native community during recent years, it is hoped that the present stringency will be over come shortly, and that money for legitimate trad- ing purposes may soon be available again. For- ther finan ial disasters in Hankow has not helped the situation, so that altogether the week has been a very gloomy one. Fresh business with Importer's has been practically out of the question, and the meurer in which: clearances are going on of former purchases, namely package by package, plainly shows the state of penury in which the trade finds itself. It was thought at one time that as it is an ill wind that blows no one any good the demise of the rulers of China might have created a demand of certain classes of goods-in fact was reported at an e rly date that such a demand had arisen and native holders had been able to turn their stocks over at handsome profits. If this was really so the enquiry was soon satisfied, for no demand of an extraordinary nature has reached Importers. Some few transactions took place amongst the natives here early in the inte val in American goods for Newchwang, which Fort is expected to close on the 4th December. The trans- actions were mostly of a retail nature, but show a distinct increase in values. For other Ports busi- ness is at a standstill in Piece goods, though Yarns keep in good request at very firm prices. The Manchester market is steady to firm and we hear of a few transactions in staple goods being booked for the Spring. Single Yars are now quoted nine pence for 818., 2 fold 94d to 9fd and 3-fold 10d. The Liverpool market is ste dy for Mid American at 5,02d. for spot, 4.5d. November and 4.72d. February March. Egyptian 8d. The New York quotation for March option comes to-day 8.97
cents.
The market there is firm, and it is said all the available 3 yard gods have been cleared off the market. Clifton CCC is quoted 10s. 1. for March shipment and Enterpris: A has been bought for this market at 10s. Id. and some 3.25 card at 7d. It was rumoured, but we can get no confirmation of it. that quite a large quantity had been bought for this market. The Yarnmar- ket has been fair's active and prices have further advanced. Native Cotton is quite firm and hollers seem determined to keep it so. Last Thursday's Auction went at quite steady to firm prices for all staple goods, the Fast Blacks showing a slight irregularity. At this morning's sale there was very little change, price if anything being slightly in favour of the sellers. Woollens look very uncer tain, prices being all in and out. In American Sheetings small quantities of the following have changed hands amongst the Natives:-3.25 yard King E End Soldier on Horse Tls. 4.10, 3 yard Eagle and 2 Flag U.S.A. Tk. 4. 5, Piedmont and Cabot A. Tls. 4 45, Man's head in Circle and Blue Joss Tl, 4.50, Ab'eville and Loray A. Tls 4.60 An Buck's Head Tls. 47. There is some douht about the Lorey A. as it is known that a holder tried to sell yesterday at Tls, 4.55 but could not get it offered. In American Dril's a small parcel of Popperell is reported as r so'd at Tis. 5.10 nd some Beng 13 yard at Tls, 4.55. Foth makes have been very slaw. that left yesterday for Newchwang is s.id t have taken about 1,800 bales. Furthur sailings may take place if the inducement is sufficient.
YARN.
Clear inces f The Steamer
HONGKONG--Mr. P. Eduljee, in his Report dated 27th November, states:-Much less demand has been experienced in this Market throughout the past fortnight but this has been expected as the whole country is now busily engaged in gathering the rice harvest which is rapidly approaching completion. Apart from this temporary depres ion trade has been alm si piralyzed by the an nouncement of the demise of the Emperor and Empress Dowager and consequent apprehen ions of political desturbances throughout the Empire. So far the country bag been quiet and further developements are waited for with the greatest anxiety. Meanwhile business is at a complete standstill, but the market may be said to close firmer, as a considerable forward business at much higher price is reported from Bombay, and stacks here are small comprising principally unsaleable goods. Sales of the interial aggregate 3.909 bales, arrivals amount to 9,164 bales; unsold stock estimated at 13,000 ani sold but uncleared yarn landing and in g downs 22,0) bales. Local M.nufacture:- Still without inquiry. Japanese Yarn:-Shortne 8 of supply and higher prices ruling in the home markets render business im- practicable. Raw Cotton —Appears to move very slowly, and only 5 bales New Bengals are rep rted to have changed hands at $26 per picul, leaving the market bare of stock. In China Kinds 130 bales Thoongchow were sold at $271. Stock about 100 bales. To- lay's quota- tions are New Bengals $24 to $264, old $22 to 241, and China $25 to 28 Exchange on India has been fluctuating between Rs. 131 and Rs. 128 and closes unsteady to-day at Rs. 127] for T/{ and 128 for Post. On Shanghai 75 and on Japan 21, The ndernoted business in imported and local spinnings is reported from Shanghai during the thire werks ended the 22nd instant, viz:-Indian-Total sales aggregate about 5,500 hales which were effected during the first t-ree days of the interval at or about previous prices. Subsequently the political position in China has upset business. Estimated unsold stock about 15,000 bales. Market closing firm. Japanese :- Total sales about 100 bales on the basis of Tls. 96 to 105 for No. 16s. and Tls. 101 to 113 for No. 2's. Close strong with meagre stock. Local:---- Demand continues strong, bat in view of the large unfulfilled previous contracts still on hand spinrers are unable to meet buyers. Sales about
100 bales at Tls. 68 for No. 108. and Tls. 96 for No. 163.
JAPANESE MARKETS.
Yokohama 18th Nov.,-Cutt n Yarn.-The re- cent business has fallen away entirely, but, with the end of the strike in view, if not absolutelyitled, the tendency is upward in price, and, with ar tronger tone, things may improve so swbat. Coton Prices are dependent largely upon the result of Piece Goods,- Little or no business is doing.
that it will be exceptionally heavy in America, the Cotton (rop, which would teem to indicate
Woollens and Woollen Mixtures.-A little fre-h usiness has been booked, but the market
[November 28, 1908.
generally remains dull and featureless The effects of the failures amongst the Japanese dealers which have taken place this year are still much felt in this merket. Textiles Generally.- Stocka are lightening somewhat, and slightly better price are being obtained by seilers, but the position go erally may be said to be still of A stagnant nature. Raw Cottoo. - Japanese spiuners are still only reluctant buyers, though to be prices in the producing countries seem hardening all round, Rice. No change since last Report. Metals. The position remains the same as last reporte !. Window Glass – The same anet is Kerosine. - Arrivals and deliveries "or the first half of November show! Standard Oil
Co., arival nil, deliveries 9,300 cases: Rising Sun Petroleum Co,. arrivals nil, deliveries 5,300 units. Flur. The market remains unchanged and ractically lifeless, Wheat.-The same as last reported.
HONGKONG PRICES CURRENT.
HONGKONG, 28th November, 1908. COTTON PIECE GOODS→ Grey Shirtings-6lba.
$ piece $ 7 .ba. 8.4 lbs.
2.27 to 2.621
3.15 to 4.18
#
10 lbs.
White Shirt.ags-54/58 reed
11
2.80 to
4.10 to 5.50 3.65 8.65 to 8.05
11
58/60 64/66 Fine.. Book-folds
Victoria Lawns-12 yards T-Cloths-6 lbs. (32 in.) Ord'y
7 lbs.
6 lbs.
7 lbs.
#1
M
6.20 to 6.90 8.15 t 9.40 5.60 to 8.10 0.60 to 1.76 8.02 to 2.224
#+
#1
2.32 to 8.37
Mexicans,,
**
3.371 to 3.87
3.271 to 4.17}
4.50 to 5.20
8 to 8.4 oz., (36 in.) „ Drills, English-40 yds., 131 to 14 lbs. FANCY COTTONS-
Turkey Red shirtings-14 to 6 lbs. piece
Brocades-Dyed Chinese-Assorted ................. Velvets-Black, 22 in., Velveteens-18 in... Handkerchiefs Imitation Silk per dozen
17
11.85 to $4.25
yard 0.11 to 14.75
ED
0.09 .to 0.25
0.27 to 0.55
0.50 to 0.27
"T
2.00
WOOLLENS-
Spanish Stripes-Sundry chops
German,
"
0.50 to
.yard $0.70 to $2.00 0.50 to 0.65 Habit, Medium & Broad Cluths,, 0.96 to Long Ells-Scarlet, 7-0 lba, piece 8.25 to
Assorted.
Lamlets-Assorted Lastings-30 yds. 31 inchesr
Assorted
Orleans-Plain... Blankets-8 to 12 RAW COTTON-
Bombay
2.00 9.50 7.35 to 9.00
"
12.60 to 30.00
#
13.50 to 21.00
11
9.50 to 11.00
lbs.
0.6) to 1.40
..picul $23.00 to $25.00
Bengal (New), Rangoon
and Dacca.. Shanghai and Japanese... Tungchow and Ningpo METALS-
Iron-Nail Rod..
Square, Flat, Round Bar (Eng.)... Swedish Bar
Small Round Rod
26.00
"
28.00 to 26.00 to 28,00
28.00 to 28,00
..picul 8 4.10
4.05
52
4.15
"
4.50
22
5.40
"
9.50
3.00
++
9.25
40.50
Vivian's, 16/32 oz., Elliots, 16/28 ʊz ...
40.50
#
40.50
90.00
#
box
Hoop, to 11/2 in., Wire, 16/25 oz., Old Wire Rope.
Lea-L B. & Co. and Hole Chop
Australian
Yellow Metal-Muntz 14.28 oz.
Tin, Tin-Plates, Steel HISCELLANEOUS ---
Quicksilver, Window Glass, Kerosene Ou. Saltpetre, No. 1
Do. No. 2 Do. No 3
WHEATEN FLOUR-
Dayton, per bag of 50 lbs. Choice White Lily Morjon Morning Glory White Fawn Cow Chess.. T.H.L. Corcomb
.cwt, case
8.00
picul 174.00
"box
case
4.76
.picul $11.75 to 12.00
10.90 to 11.30
P
9,75 to 12.00
I
-grosa $2.40
2.4)
$2
2.38
"
2.88
2.45
JA
2.86
2.38
2.38
10
2.88
27
2.36
**
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