460
IMPORTS.
!
COMMERCIAL. •
RICE.
HONGKONG, 21st December :-There is no change in the tone of the market.
Saigon, Ordinary
Quotations are :--
Round, Good quality Long...
Garden,
White,
17
07
Fine Cargo
.$5.40 to $5.45 $.05 to 5.10 5.25 to 5.30 Siam, Field mill cleaned, No. 2... 4.90 to No. 1... 6.00 to 5.20 to 4.95 to
SUGAR.
J
are
5.10 5.30
Yokohama, 30th November :-There enquiries for imported refined, although prices for Hongkong refined are down 20 sen since last report.
THÉ HONGKONG WEEKLY PRESS AND
report some business has been done for forward delivery. The market at home has recovered slight- ly, while very little improvement is apparent here, Deliveries are progressing very slowly. Metals. -Maket dull. Rice.- Week no business doing.
PIECE GOODS.
Mossrs. Noel, Murray & Co. of Shanghai in their latest Piese Gods Report, dated Shanghai 11th December states:-Nothing has occurred 4.93 during the interval t upset the views expressed in our last regarding either the present position of the market or its future prospects. There is 5.00 certainly more enquiry, of a kind, but so far not the sort to lead to business, There is little question but that the recent actions of some Importers in trying to do their clients a gond turn and help them out of an awkward corner has not met with the straight forward treatment that was expected, judging by part experiencies of the trade, and the awakening to the fact has not been at all pleasant Integrity secus to have become an unknown quantity in the trade out here, and everyone for himself and the devil takes the hindmost seems to be the policy now in rogita. A few timely revelations may, however, enable correctives to be applied, but it is to be feared that even in some of the later d'y trading too much confidence has been reposed in plausible operators who have not the wherewithal to back their singuine anticipations, which could only by any possible means bo realised by an absolute
Kobe, 2nd, December.-Cane.—Raw:—Ja ́a.—- The market is stationary. Mu-covados Basis Pol. 96% colour 124 is qu ted at Y6.30 per picul ex ship. Formosa,- New Crop Sugar now coming to the market and prices have given way actor- dingly, Osaka Refinod.-The Trust Sale Office held auctions on the 13th and 21th ultimo. At the first sale of 5,000 Bags offered, 4,000 were sold at an advance of from 3 to 14 sen on previous prices. In addition to this sale, 300 Bags Yokohama and 700 Bags Kobe Sugar were sold at an advance of 7 to 10 sen. At the second auction 6,000 Bags of Osaka Refined were offered, but with the exception of a lot of 500 Bags which was sold at previous rates all were withdrawn, 100 Bags Yokohama and 900 Kobe Sugar, however, were disposed of at an advance of 1 to 8 son on last prices.
JAPANESE MARKETS.
་
Yokohama 30th Nov,-Cotton Yarn.-Business remains dull with little doing, Cotton Piece Goods. Very little doing, dealers refraining from operating in anticipation of lower prices. A small forward business i- reported to hire be in done in old chops.
Woolles and Woollen Mixtures.- Owing to heavy stocks still available in J
pan, Some fes there is no improvement to note. enquiries have been on the market for forward contracts based on standard qualities. Textiles Generally. Deliveries are still hd, e-pecially in Cotton Goods and Union Italians, Stocks of Greys are reported in Yokohsin and Tokyo. There is much unclearel stock in Faucies in go towns generally. Raw Cotton. - Business is dall, though spinners som to realize that hye and byo prices will be stealy and that no big drop is to be expected in the near future. Rice. -Nothing new to report. Metals.-The market is at present quiet, forward business being pretty well booked up, but something en still be done at cut rates. Window Glass. It is rep rted that expected arrivals have come to hand. The market is not strong, but there is still a good dem ind for "sput" stuck. Kerosin". Arrivals and deliveries for the second half of November show: Standard Oil Co., arrivals nil, deliveries 11,300 cases; Rising Sun Petroleum Co.. arrivals uil, deliveries 5,040 units, Sugar, There enquiries for impor'e Refined, although prices for Hongkong Refined are down 20 sen since last Report Flour.-Tentative enquiries have been made by buyers at limits of 15,sen per quarter Back under those of the sellers. Wheat, -A cargo of about 2,000 ton, direct importation by mills from America, is reported to be shortly due.
are
no
Kobe, 2nd December.-Cotton-American.-- Prices have fluctuated within small limits since the early part of the past fortnight, latest quotation of " forward" middling being reported at Y30.00. Business, however, remains unchanged, there being practically no sales. "Spot" is nominal at the same rate. Indian,-Owing to the absence of demand for Yarn for both foreigns and domestic consumption, mill are now purchasing for im mediate requirements only, in consequence of which nothing of importance has been done in "forward" sales. ">pot" cotton closes quiet at following rate :-Broach ¥26.00. Akola Y22,50. Bengal Y22.25, Chine-e-Business is still very quiet and dull. Quotations are "Best" Y24.50. "Common Y22.50. Shirtings. A little business has been done in "printers." but absolutely nothing doing in other lines, and no improvement to record in the Spot market. Cotton Goods and Fancies. There has been more enquiry during the past fortaight and some fair orders have been booked in certain Fancies for forward delivery. The Spot market has again relapsed into a very quiet state Worsteds and Woollens.-Since list
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Į
transformation of not only this market but the entire trade of the country, This must be thoroughly realised and understood by Importers before business here can be put on a satisfactory basis again. The indiscriminate booking of orders must be stopped, and Impoters must try to find out for themselves what future require- ments are likely to be, and not cater for the mythical demand born and bred in the brain of the latest novice who sets himself up as a native piece goods dealer. The old native Hongs have been run out of the trade by such, and to put an end to the recout rec less style of trading must be the one endeavour of Importing Houses, here and their supporters. The consumption of Foreign Imports, through this Port, has suffered an almost unaminously serious decline. This is t marked in An crican domestic, and clearly demonstrates that the increase in imports
Gyer
th: abuorinally low figures of 1907 was scarcely justified in Drills, Jeans and Flanne's, the bet named though showing an increase of 625% over the import in the previ us year only advanced 107 in off-take. In this case, however, an excess of 85% in the stock does not run into very serious figures. One thing is very clearly proved and that is, with the case of Tur ey Reds abnormally low prices, which must have been absolutely ruinous to some of the interrst d parties, do not necessarily stimulate consumption, though perhaps to a small extent they have done so in Fast Black Cotton Italians and Venetians, With the exception of Szechun, which is said to have recently sent down a considerahlo sum of money for investment in Gools and Yarn, the ountry is not showing much anxiety to buy, but even they are holding off at prese t, in the hope that prices wil' be more favourable, a view, however, that is not hell by all fort-
natly, as some of the Northern inclined to make speculative purchase in con- sequence of the orders they know are being withheld.
113 D seeni
When it is more fully realised in the Country that the charge in rulers is not to be accompanied by any violent changes in the administration, but, on the contrary, everything is being done to run the Government on more liberal lines, much more confidence will be dis- played, and in spite of the obstacles in the way of finance a me means will be found t· carry on the trade so necessary for the needs and require ments of the fountry. The course of the Auctions during the interval shows that buyers are fully alive to the necessity of paying enhanced prices t compensate for the decline in Exchange, the better results exhibited at the Yuen Fong Auction on the 3rd inst., being fully confirmed by the sale this morning, when Grey, Goods, especially the heavier makes, went at very firm prices, as did also White Shirtings. The bidding was noticeably more spirited for Privately scarcely anything has been done from first bands, and Importers would much like to Fee a considerable improvement in clearances, but although money is easier it is not very liquid and without it deliveries are impossible. We have even heard of cases were the money has been loane! out at bigh interest instead of paying for goods over due! A few more transac tions in American Sheetings are reported ou the basis of Tle 4,50 for 3 yard and Tl4.20 for 3.25
Woollens,
|
[December 21, 1908.
It
yard makes amongst second hand holders, is also rumoured some first hand sales have taken place, but we have had no confirmation of this, The Manchester market is quiet, and Cotton in Liverpool is declining, the spot quotation for Mid. American being 4.82d. spot and 4,691. February March option. Egyptian is down to 8d. The Export of Plain Cottons from Man- chester last month was 22,000,000 million yards. The New York market for domestics is firm. (otton is weaker, 8.66 con's being to-day's quotation for March option. The Yarn market is extremely quiet, with a downward tendency. Native Cotton is firm in view of the lower Ex- change and restricted supplies.
EXPORTS:·
SILK.
Yokohama, 30th November:-Since last report a large business was done in raw silk at steadily advancing rates, but at the close of the week things are again quiet. After the 13th November the market for waste silk was active, but o ving to a further advance demanded by Japanese dealers business during the last week has been small Hahutai:-Business in Kaga silk has been quiet. There has been some demand from the Continent for 4 mommé 23in. So far as Echizeni concern. ed, the month has seen a demand for 6 momme to 64 momme in 27in., and a small demand for
heavies and Twills, but other lines have been
quiet. With the exception of a slight demand for 20in. in from 3 momme to 4 moume there appears to have been very little doing in Kaw- amata, prices remaining unchanged'
CAMPHOR.
December:
'HONGKONG, 21st market; price $83.50--$84,50.
-There
is
до
MISCELLANEOUS EXPORTS.
Per P. & O. steamer Palermo, sailed on 16th Dec, 1908:-For Manchester- 50 bales waste silk. For Liverpool-500 bales hemp. For Marseilles -200 bales hemp, 6 bales human hair. For Bey- For London-100 routh-77 cases fire crackers bales waste silk, 400 bales hemp, 250 e 90s china- ware, 310 cases ginger, 3 cases private effects, 8 cases rattanware. --
HONGKONG SHARE QUO PATIONS.
December, 1908.-The LONGKONG, 18th market has ruled dull during the week, with an inclination to weakness and in most cases rates show a slight decline in the absen«e ruled of buyers. Sterling exchange has slightly weaker, and closes at 1/8 3/16 T/F.
BANKS. The weakness reported in our last continuing the rale, after a few futher nai:n- portant sales at $850, fell to 815 with sales, and at time of writing shares are probab'y_available at that rale to a limited ex ent. The latest Shanghai quotation is $180 ex 73, and the Lon- don rato £82,
MARINE INSURANCES.` ---- Unions after far. ther small gal-8 at 835, were don at 810, the ma ket oloing with sell ra at the latter rate. China Traders are enquired for at 87. Yang- tszes have improved to 16. with buyers and Do local sales. North Chinas have farther advance to 105 and buyers at the rate remain unsatisfied. Cauton after small sales at 1971 close with buyers at 195.
FIRM INSURANCES.-Hongkang have ben placed at the reduced rate of 325, while Chinas have improved farther to 107 with buyers, after sales at 105 & 16,
SHIPPING.-With the exorption of Shells, which bave receled to 47/ wa have no chanyes or business to report"under this heading.
REFINERIES, We hive Lo chang 8 or business to report,
MINING. -Bubs have declied to 9 with les, and close with sellers. Charbɔnages have advanced to $595 with bayors,
DOCKS, WHARVES AND GODOWNS.—A feß Kowloon Wharfs have ching d hands at 43 the market closing fairly steady cat that rate, New Amoy Ducks are enquired for at 94 Shanghai Dook- have declined to 73, and Hong- kow Whorfs to 135 in the north, H. & W. Docks continue quite out of favour and neglected.
LANDS, HOTELS AND BUILDINGS.—Hưng- kong Lands have fallen to 92 with sellers Hotels are still wasted at 80 with at bringing. any shares on the market. Dhanghai Lan la have improved to 117.
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