/pril 3, 1909.]
on the whole are fairly well up to previous quotations which however, do not allow much for the depreciation in exchange. The last few days practically nothing has been done. and although prices are fairly steady the tone of the market at the close appears to be somewhat weak. Bombay continues strong with but little business doing for the Far East. Sales of the fortnight aggregate 2,588 bales, arrivals amonnt to 2,572 bales, unsold stock estimated at 8,000 bales, and sold but uncleared bales in second hands at about 18,000 tales. ture: No business is reported. -There is no change in the ners of these threads. Raw Cotton :-Both Indian and China descriptions are weaker but holders are not anxious sellers, as advices from the producing market point to a higher range of values, and recent arrivals of Bengal stapel are passed on to Japan where there is a good demand at better prices A small parcel of 75 bales Thoongohow has been taken up at $30. Stocks Indian nil and Chiha 350 bales. Quota- tions are Indian $23 to 27 and China $25 to 31. Exchange on India has continued steady at Rs. 130 for T/T, and Rs. 130 for Post and closes to-day at Rs. 130 and Rs. 131 respectively. On Shanghai 744 and on Japan 841. The dernoted business in imported and local spin- nings is reported from Shanghai during the fort- night ended the 24th ultimo, viz:-Indian :- The market started well, but has made no head- way at all, and indeed has gone back a little. Total sales about 2,000 bales and estimated stock landing and in godown about 27,000 bales. Japanese-Market quiet but steady. Total sales about 3,500 on the basis of Tis. 102 to 109 for No. 168. and Tls, 109 to 118 for No. 20s. prices showing a further advance of 3 to 4 Taels. Local:-Market is bare of pot cargo and forward sales of about 3,300 bales have been effected on the basis of Tls. 90 for Nd, 10%, Tls. 95 to 97 for No. 148, and Tis. 101 to 105 for No. 16 showing a further advance of half to five Taels in values.
PIECE GOODS
ип-
CHINA OVERLAND TRADE REPORT.
HONGKONG PRICES CURRENT.
COTTON PIECE GOODS
Grey Shirtings-6lbs.
+
0
White Shirtings-54/56 reed
289
HONGKONG, 2nd April, 1909.
7 lbs. 8.4 lbs. 10 lbs.
23
piece $1.80
2.40
**
4.10 to 5.80
31
2:55 to 8.55
58/60 64/66 Fine... Book-folds
8.65 to 5.95
"
6.10 to 7.15
*
8.05 to 9.15
8.15 to 6.15
*** "
0.65 to 1.80
1.95 to 2.20
"
2.25 to 8.85
"
2.70 to 8.80
**
32
3.20 to 4.20
4.30 to 5.80
Victoria Lawns-12 yards T-Cloths-6 lbs. (32 in.) Ord'y
7 lbs.
19
6 lbs. Mexicans,,
7 lbs.
8 to 8.4 oz., (36 in.) Drills, English—40 yds., 134 Į to 14 lbs.)
FANCY COTTONS-
Turkey Red Shirtings-1 to 1.72 to 5.10 6 lbs. piece
Brocades-Dyed
.yard 0.10 to 0.15
Chinese-Assorted
"
0.07 to 0.95
Velvets-Black, 22 in., ...... Velveteens-18 in...).
11
0.25 to 0,55 0.28 to 0.28
0,50
to 4:00
Handkerchiefs Imitation Silk per dozen
WOOLLENS-
Spanish Stripes-Sundry chops
yard 0.70 to 2,00
2.00 "
German, Habit, Medium & Broad Cloths,, Long Ells-Scarlet, 7-9 lbs. piece
Assorted! Camlets-Assorted
I
1,25 to 3,00
is admitted that all mail advices regarding mar Beds were barely steady, while Fast Black ket conditions in the Empire show a decided Cotton Italians and Venetians were weaker on improvement as compared with the status before the whole. the first of the year, but a very marked buying day Camlets were a trifle firmer, but since then At the Ypen Fong sale last Thura- movement will have to take place to equal the there has been no redeeming feature at any of business which was consummated during January the Auctions. With the depletion of stocks in China, which is evidently going on more or less continuously, it would seem as though there were warrant for be lieving in business for the future, though just exactly when it is to arrive is a matter of con Local Manufac-justure. The majority of buyers believe that when Japanese Yarn: buying does commence again it will be for the continued quiet-lighter weights, for no one anticipates many additional orders on heavy sheeting, or drills which still remain in the largest supply in the China market. Little complaint is heard from the buyer as to the market price of goods, He admitts the condition of the manufacturer that on few lines of goods is the margin over and above the cost of production an abnormal one Here and there is to be found a manufacturer who is taking advantage of a fairly wide demand to make up for the losses which he incurred dur ing last year. But it cannot be said with any measure of truthfulness that prices show a radi cal advance, nor are they to-day unreasonably high, based on the cost of raw material. While there has been and continues to be more or less scepticism regarding the maintenance of raw material prices, yet the great majority is to be no radical slump in cotton 'figues and that changes are more likely to occur in the direction of higher levels than of lower. On these busis there is every reason for manufacturers who have their product well under orders to maintain a firm attitude in the face of certain arguments by the buyers why concessions should be made him, It would seem as though export business were delayed because of the fact that certain China houses which have bought nothing are not anxious to be placed on a higher level buyers are likely to await developments, and if than competitors. These there should be any revision in prices they would come into the market for additional amounts. It is stated that during 1908 three China houses Fought 55,000 bales out of an approximate total of 80,000 bales. This indicates the elimination of a good many small factors whose losses have compelled them to withdraw. In view of the Messrs. Noel, Murray & Co. in their Piece Goods satisfactory advices received by mail from China. Report, dated Shanghai 26th March, 1909, state:- those interested in export business are inclined In spite of the promised improvement in the to believe that there will be a renewel of demand weather at the close of our last it has really been in the near future. It is encouraging to note worse than ever during the interval and has great that the exports of cotton goods to Aden during ly interfered with clearances. Three steainers the past year have amounted to over 35,000 bales, were advertised to leave for Newchwang this with the prospect that this total will be con- morning, but owing to the excessive wet, are siderably surpassed this year. It is also confi- postponed until to-morrrow, it fortunately being dently predicted that the total of 100,00 bales bright and favourable for shipping to day. It is to China in 1908 will be much surpassed during { estimated that they will take 10,000 packages Piece the current year, and many are inclined to be- - goods and Yaru between them, comprising some lieve that the aggregate of 1906 will be equaled. 1,500 bales Yarn, 3,500 packages English goods The anticipations as quoted above are evidently and the rest American, so the market should not going to be realised to a very large extent, as be over loaded at the outset. The news from the purchases during the last two weeks amount thence continues favourable, but the state of to fully 40,000 bales, and those made earlier in Manchuria generally is not so certain, and it is the year to 30,000 bales. It is a moot question generally feared that no satisfactory arrangements whether this is not rather rushing things, before have been made to finance the trade. There must it is know with any degree of certainty if the be plenty of money, the returns for the produce demand from the North will warrant such ex- sold waiting for investment, a good proportion tensive buying in face of the supply already of which is being held in Newchwang in all pro- here on the spot. The shipments, however, will bability, so there should not be much delay in be somewhat extended, the goods not arriving getting remittances for fresh purchases here. here until the Fall. The Manchsester market There is a quiet but steady demand for Tientsin, is undoubtedly easier, although perhaps not uni- to which market moderate supplies are going formly. Cotton is lower in Liverpool and is all the time. This is no doubt better for the advised to-day at 4.93d for spot Mid. American, position there than ushing large quantities for- and 4.90d. for June/July option. Egyptian re- ward at one time and overwhelming the demand, mains unchanged at 71d. We are told the fort- so it is hoped the more cautious tactics will nightly export figures portend another heavy have beneficial effect. So far as this shipment for the mouth. Cotton in New York market is concerned buyers seem determined to has ruled easier during the interval, dropping extract their utmost out of holders and are go- to 9.16 cents for July, but to-day a recovery is ing to give them at all a pleasant time. The advised to 9.24 cents for that month. The Yarn trade with the River and and Szechuen markets, market is quieter, buyers evidently finding the judging by the off-take for the different markets, recent prices too dangerous to indulge in and is not altogether unsatisfactory, but the demand are witholding any further orders they may have is being supplied from cargo in Native hands and in anticipation of a decline. The high prices in the Auctions, little or no replacing ordea being Osaka for this month are due to a corner made booked privately. The buying in New York has by speculators and are not likely to be main. continued and it is estimate amounts to fully as tained, so that lower prices may be expected here. much as done last week, say 20,000 bales, but Native Cotton is very firm, and supplies are more distributed, prices being well maintained. readily taken on arrival. The private market, this connection the following extracts culled so far as sales from stock are concerned, remains from a recently receivd journal explains some- almost a blank. In English goods scarcely any- what the attitude now taken up by manufae- thing has been done either from goods on hand turers in the States:-"Little more than hope is evident in the export trade as far as l-usiness with China is concerned. It has been expected that a certain amount of demand wou'd be forthcom- ing immediately after the Chinese New Year, but these expectations have not been realized and no one is willing to predict just when the Chinaman is likely to appear in the market. It
A
ter.
or forward arrival, though we have heard ofja few replacing orders going through in Manches- There is no doubt but that a large propo:- tion of the recent purchases in New York are for native account. The Auctions for staple makes have not gone at all well, all weights and qualities showing a decid dly lower tend-
which was confirmed this morning, Turkey| eucy,
WHEATEN FLOUE-
Lastings-30 yds, 31 inches Į
Assorted......
Orleans-Plain...... Blankets-8 to 12
RAW COTTON-
Bombay
7.80 to 9.40
7.90 to 9.40
*
J
14.00 to 21.00
"
9.00 to 12,00 lbs. 0.60 to 1.50
..picul $23.00 to $27.00
Bengal (New), Rangoon
and Dacca.. Shanghai and Japanese..., Tungchow and Ningpo
METALS——
Tron-Nail Rod..
Square, Flat, Round Bar (Eng.)... Swedish Bar
Small Round Rod
Hoop, to 11/2 in...
»
28.00 to 27,50
24.00 to 28,00 24.00 to 28,00
.picul $ 4.10
19
4.00
4.15
"
4.50
"
5.60
9,50
♪
8:00
Lead-L, B. & Co. and Hole Chop
Australian......
"
.10.10
10.80
Yellow Metal-Muntz 14/28 oz.
Vivian's, 16/32 oz., Elliots, 16/28 oz
40.00
40.00
"3
***
"
40,00
"3
89.00
Tin-Plates, Steel
Wire, 16/25 oz., Old Wire Rope...
Tin,
MISCELLANEOUS—
Quicksilver, Window Glass, Kerosene Oil, Saltpetre, No. 1 Do. No. 2 Do. No. 3 Dayton, per bag of 50 lbs. Crown
Brown Bear
Warrior Choice White Lily White Fawn
Morjon.. Cow
Morning Glory
box 7.60
......owt. case —
picul 172.00
Y
5.60
case
..picul $11.00 to 12.00.
"I
10.50 to 10.90
B
10.00 to 10.40
-gross $2.55
"
9.75
"
2.62
J
3.50
2.62
19
2,62
"
2.61
20
2.61
赖
2,61
2,65.