March 20, 1909.]
IMPORTS. :---
COMMERCIAL.
SUGAR.
Kobe, 2nd March.-Cane,-Raw. The market is quiet. Osaka Refined.-The usual auction took place on the 23rd February, 3,200 bags were sold at an advance of from 10 to 20 sen, and 500 bags of Kobe Sugar were offered and with- drawn, hile 600 Bags of Yokohama manufacture were disposed of at prices showing an advance of 35 to 40 sen. Rice-Market weaker.
RICE,
HONGKONG, 19th March-The prices are fur- ther declining market being weak and Quota-
tions now, are :— Saigon, Ordinary...
11
Round, Good quality Long...
Siam, Field mill cleaned, No. 2...$5.05
"
#
很多
Garden, White,
Fine Cargo
"
$4.80 to $5.90 .$4.90 to 5.00 .15.00
to
5.10
to
5.10
No. 1...$5.00
to
5.05
$4.95
to
5.00
$5.05 to 5.10
COAL.
HONGKONG, March, 18th.-The arrivals of coal since the 4th inst amounted to 27,300 tons of Japanese, 1,800 Hongay and 2,00 Cavite for the American fleet. The coal expected is 62,400 tons Japanese, 11,900 tons Australian, 6,800 tons Hongay, 7,000 tons Borneo and 5,000 Wales. Quotations according to Messrs. Hughes and Hough's circular
are as follows:-
Cardiff....$23.50 ex-godown, nominal. Australian $12.50 ex-godown, nominal. Yubari Lump...$12.00 Nominal. Miiki Lump
$10.50 to 511.00 ex-ship,nominal. Moji Lump $7.75 to $9.50 ex-ship, steady. Moji Unscreened$6.00 to $8.00 ex-ship, steady. Akaike Lump...58.75 to $9.00 ex-ship, steady. Labuan Lump ...$9.00 ex-ship sollers,
JAPANESE MARKETS.
IMPORTS.
..
КОВЕ, 2nd March. Cotton. -American.- Quotations have fluctuated but slightly during the past fortnight, "forward" Middling at the close being reported at Yen 31.00
No business of importance has transpired. Spot" is quiet, Middling quoted at Yen. 30,00. Indian-Rites have remained steady. Transactions in both forward" and " spot" are quiet, doubtless duc to the arrival of contracted cargoes. Closing Broach Yen 26,50; Khamquam quotations are: Yen 22.75, Akola Yen 22.50, Bengal Yen 22.00. Chinese.-There is no change to report since last advices. Best quality is quoted at Yen 25.75,
"
|
CHINA OVERLAND TRADE REPORT.
OPIUM.
HONGKONG, Mar. 18th-Since the 4th ulto, the movements in the various Opium markets have been as follows:-
and Common at Yen 22.75. Shirtings. Market very dull, which state of affairs is accentuated by the report of the embarrassment of a dealer who has large outstandings. Cotton Goods and Fancies.-There has been much less doing in the interval, buying for Autumn arrival having practically ceased. Worsted and Woolens.- Nothing doing. Market all round shows severe depression which is principally due to the absence of demand from the building trade and from shipyards; it is accentuated by the
Halwa.Patna. Benares. Persian
3,988 825 1,024
Stocks on the 4th Mar., 1909-3818 Mar. 8th Imports per 4. Apcar
"
18th 18th
300 110
F
Lightning Delhi 333
275 175
50
50
5
4,150 3,836 1,025 1,078 84 95
245
proportion. It was reported that a steamer had cleared for Newchwang already and had taken some 1,500 packages of goods and Yarn, but if so it could not have been direct, as the first steamers are not yet on the berth and will not leave before the 16th inst. It is satisfactory to learn from a good authority that fully 51,CCO packages are going forward, which will be welcome news to many.
It is difficult to find out what the current rate of Exchange is on this, but it seems to be in the neighbourhood of 7% discount. Clearances for all our dependencies are keeping up fairly satis- factorily, though somewhat interupted by the bad weather yesterday and to-day. A departure for Corea has assisted somewhat, and the telegrap- hic report that the seaports of the Primorval were to be closed as Free ports from the 13th or 14th inst., has caused rather a rush to ship goods per 8.a. Sysholt clearing for Vladivostock to-day. It was thought at one time that the cargo of this steamer would not be admited under the old con- ditions and some of the engagements were can- celled, but telegraphic assurance has come from $1,070/10. for new drug and $1,100/1,152. for ped would be exempt from duty. The Tariff to St. Petersburgh that what had already been ship- various grades of old.
Less Exports to Shanghai
Less Exports to Fast and“, West Coast Porta including Local Consumption for the fortnight..
а
165 635 253 78
Estimated Stocks this day.. 3,995 2,399 677 1,000
Bengal.-Deliveries have been very good and there has been more activity in the market. Closing quotations are Patna $997), and Benares $1.000.
fact that Wire Nails and Galvanized Sheets have been imported recently far in excess of actual requirements, these arrivals being, more- over, partly in weak hands Spot quotations have, therefore, declined to very low figures.
EXPORTS.
Malwa,―There has been a fair' demand at
Forsian. We quote superior quality at $1,020.||
YARN.
HONGKONG-Mr. P. Eduljee, in his Report dated 19th March, states:-We have had another quiet fortnight in the yarn market; the firmness of holders again restricting business to actual and urgent requirements. The excitement in our large neighbouring market of Shanghai, has greatly influenced holders and goods have been practically withdrawn from the market by ask- ing an advance of $2 to $3 per bale on present quotations. The settlements reported below are consequently small and mostly confined to medium grade of favourite desireable spinnings for which further appreciation of $1 to $3 has been est ablished,
Copper.-Market stagnant in consequence of a further drop of London values. Fish Oil- Stocks &'most cleared, Rice. There has been a further decline since our last advices. Cotton Yarn-Market firmer with a better feeling. Prices have again advanced owing to the scarcity of this and next month's supplies. Vegetable Wax. -Market weaker, but prices asked by manufac- turers offer no inducement to exporters. Mat- ting. Prices and demand all round very poor and work on looms is gradually decreasing. Ma- terial (Straw) is, however, steady and speculators are buying vp large quantities in anticipation of a rise. Straw Braid. The Market has shown signs of renewed activity during the past fort night and enquiries for forward shipment are already reaching this side from London and the Continent. This should havethe effect of harden- ing prices. Chip Braid.-The situation here remains practically unchanged. There is, how
an indication of the revival of "Fancies" ever, on the home Markets,
be imposed is very heavy and will effectually stop shipments from here. We hear, incidently, that Russian cloth is already being introduced into Manchuria via the Siberian Railway. The Russian Tariff on Piece Gooda as is follow:— Plain and White Cottons
Per 1 Russ, pound contg. not more than 8 Arshines...
sq.
Per 1 Russ. pound contg. from
8 to 12 sq. Arshines Over 12 sq. do.
Rbls. Copks.
...0 571
Rbla. Copka
...0.98
...1.35.
Per Russ. pound, Contg, not
more than 8 sq. Arahines from 8 to 12
over
12
...0.90
H
...1.35
**
...2.60
Dyed Cottons:-
do. do.
Noto-40 Russ. pounds 36 Eng. pounds (1 Eng, pound 1.1076 Russ. pounds 1 Eng. yard 1.28577 Russ. Arshines)."
Reports from the country are not encouraging and dealers decline to increase their holdings or interest without an outlet for their purchases. At the close the market is more quiet, but as stocks are small and importers firm we expect to see present position maintained Bombay continues strong. Sales of the fortnight aggregate 3.728 bales, arrivals amount to 11.777 bales, unsold stock estimated at about 9,000, and sold but uncleared yarn in second hands about Local Manufacture: - - Nothing 20,000 bales. doing. Japanese Yarn:-Neglected throughout Raw Cotton:The high price now ruling in India have entirely checked shinm nts of Bengal staple and as the old stock of 300 bales mentioned in last report has been shipped off to Japan our market is completely bare of stock.
In China kinds one or two parcels of Thoongchow Cotton aggregating 125 bales have found buyers at $30 leaving a stock of about 200 bales on the market.supposed. Quotations are Indian $23 to $273 and China $25
to $30:
Exchange on India after very slight fluctuations loses steady at Rs. 1301 for T/T, and Rs. 130‡ for Post. On Shanghai 744 and on Japan 84. The undernoted business in imported during the fortnight ended the 10th instant, viz: and local spinnings is repor ed from Shanghai --Indian:-A brisk demand has continued through out the interval, sales amounting to over 7,500 bales with a further advance of one to three Taels in prices. Estimated stock landing and in godown about 24,000 bales. Japanese. Market active and prices advancing, sales about 5,500 balen the basis of Tis, 98 to 1901 for No. 16s and Tl. 106 to 115 for No. 20s, close strong. Local: In continued enquiry, total sales about 4,000 ales on the basis of Tis. 89 to 891 for No. 108, TIs. 92 to to 94 for No. 1 and Tls. 95 to 100 for No. 163.
PIÈCE GOODS.
Messrs. Noel, Murray & Co. in their Piece Goods Report, dated Shanghai 12th March, 1909, state:~~ Throughout the interval clearances of steamers for Tientsin have been of almost daily occurrence, none carrying excessively large cargoes, but in the aggregate quite a considerable quantity must have gone forward. The dealers are keeping any news there may be of the market very much to them selves, but there are not wanting signs that there must be some demand, and a good deal of reselling is going on sub rosa amongst themselves, more especially in American Sheetings. It will be very intersting to see in the course of the next week or ten days what quantity has actually gone up, as it is practically impossible to make a reliable estimate. It is certain Yaru forms a very large
Most Importers make the market exceedingly quite still with scarcely any fresh business doing. Here and there sales of special makes bearing old chops have been replaced but for the most part dealers in Manchester goods are nervous at the F heavy shipments on the way, considering the large supply still here. The market in Manchester is not at all regular, the makers of the best staple cloths being quite firm, whereas others seem open to offers, enabling sales here to be replaced. when there is any inducement. Heavy quantities con- tinue to be shipped, showing that the orders sent from here at the close of last year amounted in the aggregate to much more than was generally
The Liverpool Cotton market is
keeping firm for Mid-American, the latest spot quotation being 5.14d., and 5.06d. June/July, while Egyptian has fallen a sixteenth to 8d. There are not many advices of the position of the New Yoak market, which seems to be on the ea y eide,
Business has been done for this in Willesden 3 yard Sheetings at 10s. 4d., and one or two other small lines. The Cotton market has remained very steady, yesterday the quotation for March coming 9.52 cents and to-day cents 9.43 for July option. The excitement in the Yarn market continues and prices have advanced away beyond the previous records. The feeling is it cannot last, though certainly the off-take so far is no greater than last year. Native Cotton is firm at a slight advance. It is beginning to be realised that the supply will be be shorter than was expected The market con- tinues to be dominated by the Auctions, the resulta of which cannot be said to be very satisfactory. Privately we hear of very little being done, but recent purchases are meeting with ready clear- ance, in some cases even from the steamer's side. The dealers are putting on very long faces and trying to talk the market down, but holders are not disposed to lower their prices in view of the very unfavourable Exchange. Prices at the Auctions for Cotton Goods have been decidedly irregular, heavy Greys showing the best results. There is no strength in Turkey Reds under the pre sure of heavy forced sales and the low prices to which they were driven last year does not seem to have stimulated the consumption. Fast Black Cotton Italians are suffering in the same way, every one wanting to liquidate their stocks Black Venetians are keeping fairly steady, and other makes are finding buyers at a price, but a great many of the new cloths introduced to this market in recent years must be voted rank failu-
res,
There has been a steadier feeling for all classes of Woollens at the Auctions,