370
Sugar, White
Sugar, Brown...
Sugar, Candy
Hemp Baga
Hemp Sacking
Paper I Quality
Paper II Quality
Tobacco. Prepared...
EXPORTS.
Kittysols (umbrellas)
EXPORTS:-
pls.
"
pes.
Quantity.
144
402 66,950
6,500 1,975
39
•
pcs.
312 836 1,100
YOKOHAMA FOREIGN TRADE,
EXPORTS.
The following trade review of Yokohama for the year 1908 is culled from the Yokohama Foreign Board of Trade :-
BAW SILK.-The depression recorded in our la-t report at the end of December, 1907, consequent upon the financial c isis in the United States of American in the Autumn of that year continued during the first part of 1908. The conditions of the Silk trade in general were very unsatisfactory, and owing to the lack of confidence in the future, and also in consequence of the curtailing of credit accommodation, manufacturers restricted their purchases 10 their immediate requirements. Heavy failures took place in the trade in America and Énorpe, which had a still further depressing effect. The unsold stock in Yokohama at the end of December amounted to 23,000 piculs, with prices at Yen 950 for Sinshiu Filatures No. 1. Under the then existing conditions this heavy stock could, of course, not be disposed of without interrupting the downward tendency of prices, and, with spasmodic fluctuations, values re- ceded gradually till the level of Yen 820 for Sinshiu Filatures No. 1/11. Spring Reelings had been reached by the middle of April. low prices attracted the attention of buyers, a large business ensued, and values began to har- den, and by the latter part of the Spring conditions in the consuming centres had mate- rially improved; confidence in the financial world had been restored, and manufacturers began to buy in anticipation of orders for the Autumn season. Large transactions then to k place in this market, and prices began to advance until they reached (by the end of June) Yen 945 for Sinshiu Filatures No. 1/14. Available stocks
These
|
THE HONGKONG WEEKLY PRESS AND
ive rise to any serions excitement and the fluctuations were very small. The quality of the crop has been rather good, with the excep- tion of Sinshiu Filatures, which have given rise to serious complaints from the manufacturers at home on account of their irregularity in size. It is evident that reelers in the Sinshiu districts pay more attentium to the increase of their ou' put than to the improvement of their quality, and things have gone so far that manufacturers in Europe are leginning to discriminate in fav- our of the Levant Silks. To show in what. disrepute Sinshin Filatures have fallen we may mention that the difference in price betgeen these and the best class of Kansai Filatures is about Yon 240 per picu). It is to be fearel that if the quality of the Sinshiu Filaturers does not improve they will still further fall into disrepute. At the end of December the unsold stock in Yokohama amounted to 20,200 piculs.
WASTE SILK.The year opened with a heavy stock in Yokohama and a poor demand from con-uming contres. No interest was taken hy Europe in Japanese Waste until the end of February, by which time prices had fallen 20 to 25 per cent. From March to July a stendy business was done at gradually declining prices, the season closing with a small stock in Yoko- hama, but with a larger quantity than usual held up country. The market for new material opened earlier than has been the case during recent years. and by the end of September prices were established marking a small advance. During the last three months of the year the market was brisk, with a tant demand from Europe, and the stock in Yokohama at the end of December was only 6,800 piculs, prices being from 10 to 15 per cent, higher than those ruling in June. A noticeable feature of the pre en sea-on is the relatively high prices paid for low Kibizzos, both for expo.t and for local consump tion. Owing to the large stock carried over from 1907 and steady demand in the autumn, the total shipments during 1908 are the largest
on record.
MANUFACTURED SILKS.-lhe year 1908 has been noticeable for remarkable and dangerous fluctuations in price which have rendered the business particularly hazardous and difficult. From the high and almost unprecedented rates prevailing in January, the market experienced such a set back in the "pring that prices fell fully 25%. The early summer, however, witnessed a strong revival, the market in August. showing an advance of over 12% from the débacle in April. During the autumn months, when a bet- ter tone was evinced from abroard, Habutai remained quite teady, but in the closing month
[May 1, 1909,
MISCELLANEOUS EXÏPORTS..
æår P. & O. steamer Palma, sailed on the 23rd Aprit, 1909:-For Hamburg-500 bales ten, & 30 For Amsterdam-150 hales tea. cases bristles.
For For Manchester 130 bales waste silk. Marseilles-7 ales human hair. For Antwerp- 20 bales feathers. For Lond n-160 bales waste silk. 130 rolls matting, 790 cases fire crackers, 50 ba'és tethers, 20 cases vermillion, 3 bales human hair, 4 bales_bainboo traps, 2 cares ́silk, 2 cares motor pump & 8 cases p' ffects.
Per M. M. 8'camer Ernest Simons, sailed on 27th April, 1909:-For Lyons-495 bales raw silk. For Marseilles.--258 bales raw silk. For St. Cha, ond.-20 hales raw silk. For St. Etienne.
30 hales raw silk. Fu Havre.--69 packages cipes 17 cases hats. and 19 pactnges private effects. For Reunion.-17 packages provisions. For Tamatave,-5 ces tea. Fo Mar eilles. 8 as march ndise, 87 packages human hair, 9 eve ilk goods, 25 hales wa-te silk, 7 cases kor London.-- embroideries and 4 cases hats,
ca-e embicide ie and I case hats.
CAMPHOR,
HONGKONG 30th April:-There is no market. The prices are the same.
HONGKONG SHARE QUOTATIONS,
HONGKONG, 30th April, 1909.-A briak demand for most stocks has ruled in our market during the past week, and a fairly good business has resulted. Rates in many cases have further appreciated, the tendency at the close being towards further firmness. Bar Silver in Lon- don has improved to 244d and sterling T. T. to 19. The T.T rate on Shanghai is quoted at 748, and the Bank's buying rate for 3ds. bills at 751. The rate in Shanghai for 3ds. bills on this is 747.
BANKS.-Hongkong & Shanghais have been in good demand, and asles have been booked at At the close a few shares are obtainable at the latter rate. London is from $940 to $950. unchanged at £89 10. Nationals have buyers at $51 but are without business.
MARINE INSURANCE. Unions have im- proved considerably and sales up to $805 are reported, market closing with buyers at the rate. Cantons have again been done at $187) bayers of China Traders, North Chinas and
tions are reported. Yang'szes at quotations, but no local transse-
had then decreased to 4,500 piculs, consisting of the year there was undoubted weakness with and more shares can be placed. There are
+
FIRE INSURANCES.-Hongkongs have been booked at $335. and there are buyers now at $337, but supplies are not available under $340. Chinas are firm with buyers at $106.
mostly of qualities unsuitable for export. Dur. ing the latter part of the Spring, weather con-
signs of a further rel pse. The various d pres- ditions were very favourable, and, as a larger at ri uted to the lack of support whic ame sions which prevailed during the year re rightly amount of eggs than in any year before had been laid out for hatching, everything pointed in Japanese market, and it is therefore not from United States, hither:o the principal factor to an abundant yield. These conditions co ti- nued during the Summer and Autumn months, surprising that the export figures to that country and as the Autumn crop exceeded that of the for the year revealed a decline of two million yen, previous year by at least 30 to 40 %, the out-
which is a precisely similar decrease noticeable
SHIPPING.-Hongkong, Canton and Maonos put was estimated at from 105,000 to 115,000
in our last Report when comparing the figures bales. This estimate was upheld by all Euro- of 19 7 with those of 1900. One of the primary have been sold at $30 and more shares are wanted. pean and Jane-e Silk firus with the exception
causes of his unsatisfactory state of affairs is, Indos have improved to $80 for the combined pre- ferred and deferred issues, and Shell Transports of one Japanese exporter, who contested it, and
without do: ht, the steady and healthy growth of home m -nufactures in the United States, to 58/6. China and Manilas are easier with predicted an output of only 80,000 bules. This
Star sellers at $12 and Douglases at $36. stalement created at that time unnecessary ex-
which have of late so developed that tissues are citement, and its fallacy is now proved by the
now woven in America which have practically Ferries (o'd) have been book-d, and are în fur- fact that at the end of Fecember, 1908, over
all the characteristics of Japanese Habutai at a ther request at $25.
REFINERIES. much less cost. Another cause for the falling 70,000 bales had been export d to Europe and
China Sugars also Lusous
Am rica. At the end of April enquiries came
off in the export to America is probably the have been neglected during the interval, and in from America for frwad contracts, but, owing inability of buyers to find sufficient quantities there are no sales to report. Perak. Sugars in to the low prices then ruling for Raws and the of the be t goods to satisfy their enquiries, a
the North have jumped to Tls. 160 with bayers. cause which should be in the power of the
at 88. are obtainable uncertainty of prices for Cocoons, reelers were
MINING.-Raubs very reluctant to engage themselves ahead. producers to remedy. Taking the year as la Altogether, the amount of forward contracts whole, a slightly larger number of pieces have Chinese Engneerings are wanted at Tls. 18, and closed this year before the crop had really
been exp rted than in the previous year, though, Charbonnages at 2625. materialized was far short of last year's figures, owing to the market decline, there is a deprecia In cn equence, there was a brisk demand at tion in value of roughly Yen 14 million. In the opening of the season for new Silk, and the
addition to the United States previously refer- first parcels of Siushin Filatures No. 1 fetched
red to, the Lyons market has also been of less Yen 880 to 890. A sharp advance then took support, the figures to that centre of the Euro- place, and the same grades were disposed of up
pean Sik industry marking a decline of nearly to Yen 945. From then on
one million yen. Whilst British India, inclusive a steady business has been done both for Europe and America, of Langoon and Germany, have practical y and it is characteristic that no heavy fluctua
maintained their trade, Great Britain and Au-- tions in prices have taken place up to the 30'h
tralia have made a smart advance, the former of December. There is no doubt that occasion-exceeding the previous year's purchases by a al y strong efforts were made by native dealers to advance price, but invariably consmption JAPANESE COTTON YARNS.-There was a con- did not respond and prices had to recede to their former level. Our market had to depend upon consumption during the last six months; specu- lative elements, which characterised the last two seasons, had m re or less disappeared. The Silk Exchange, which up to last year play-d such an important part in our Silk market, did not
million and a quarter yen.
siderable decrease in the export trade for 198 as compared with the last two years. China is the principal consumer, and the fall in silver is responsible to a very large extent for the serious reduction in the export of this staple. The home deo and which absorbs approximately three quarters of the output has been well maintained.
Docks, WHarves and GodOWNS.-Hong- kong and Whampoa Docks are weak with sellors at $79. There are buyers of New Amoy Docks at 89, and of Shanghai Dooks at Tls. 87. Hongkong and Kowloon Wharves have hardered, and after sales at $53 and $54 are now enquired for at $55 Shanghai and Hongkew Wharves are easier with sellers in the North at Tls, 167. Hong- LANDS, HOTELS and BUILDINGS, kong Lande under a demand from the North have improved to $99 with buyers, but no sales are reported. Shanghai Lands have been sold to the North at Tls. 118 and Tls. 117), market *est closing with sellers at the higher rate. Points continue in request at $44 and Kowloon Lands would probably also find buyers at $30. Humphreys Estates have improved to 89 with sales and further buyers. Hongkong Hotels continue in request at $85.
E
$