45 ! Dy+ {£|Y°ri {Hc{ L
June 12, 1909.]
IMPORTS :---
COMMERCIAL
RICE
SAIGON, Mesara, Wm. G. Hale & Co. in their latest circular dated Saigon 28th May, report:— Our last circular was issued on the 30th ultimo and the latest postal advices received since are as follows:-Hongkong 25th instant; Yokohaına 14th instant; Manila 21st instant; Java 21st, inst.; Singapore 24th inst, and London 30th ult.
We quote for June to July.
No. 2 White sifted (trié) steam milled
round
No. 2 White unsifted (ordinaire) steam
milled (round)
5% Cargo steam milled round 10% Cargo steam milled round
20% Cargo steam milled round
$3.42
3 09
3.02 2.90
* Prices according to terms and conditions.
The following is a statement of this year's Ex- ports of White Rice, Cargo Rice and Paddy:-
Destination,
Hongkong
Manila.
Ilo-ilo
Cebu
Japan Singapore Batavia
Sourabaya Réunion Mauritius Europe
Total
Same period of last year.
Total pcs.
52,384
CHINA OVERLAND TRADE REPORT.
COAL.
HONGKONG, June 10th.-The arrivals of coal since the 28th ultimo amounted to 33,780 tons of Japanese, 2.500 tons. Cairte for U. S. Havy 3,000 Chinwangtao and 1,000 ton tourane for Canton. The coal expected is 68,700 tons Japanese. 7,800 tons Hongay, 4.000 tons Berneo, 5,000 Wales and 8,300 tons North China. Quota- tions according to Mesars. Hughes and Hough's
circular are as follows;—
Cardiff......$21.0 to 22.50 ex-godown, nominal. Australian ......$12.50 ex-godown, nominal. Yubari Lump...$12.00 Nominal. Miki Lump $10.50 to 11.00 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...$8.75 to $9.00 ex-ship, steady. Labuan Lump...$9.00 ex-ship sellers,
FOOCHOW IMPORTS.
YARN. Since 1st June, 1909:- ̈
During the week
.306.00 piculs.
KEROSINE. Since 1st June, 1909:-
During the week
nil.
11.310
FLOUR.-Since 1st June, 1909:-
During the week
3,053
16,269
OPIUM. Since 1st June, 1909:-
During the week.
3,874 bags
.37 chests.
8,801
26,096
20,057
29,904
8,170
8,356 125,732
310,122
397,618
HONGKONG, 11th June:-The downward tend- ency continues, market being brisk. Saigon, Ordinary
"
*
Round, Good quality Long..
Garden,
22
White,
11
Fine Cargo
$4.70 to $4.75 4.90 to 4.95 4,80 to Siam, Fiold mill cleaned, No. 2... 4.95 to No. 1... 4.95 to 5.10 to 5.20
OPIUM.
4.85 5.00 5.00 5.15 5.25
HONGKONG, June 10th-Since the 27th ulto, the movements in the various Opium markets have been as follows :-
Malra. Patna. Benares, Persian
2,426 646 671
320 150
Stocks on the 27th May, 1909—2,847 May 29th Imports per C. Apcar June 3rd
12
11
8th 9th
་་
tt
Pookiang Kumrong Decanha
301 110
360
150
10 45
6
Less Exports to Shanghai
Less Exports to East and`, West Coast Ports including Local Consumption for the fortnight..
2,847 3,556 961 677
(59 610 145
137 264 133
23
645
Estimated Stocks this day.. 2,041 2,582 883
Bengal. The consumption having fallen off prices have declined to $1,015.- and the market closes dull,
to report and
Malw-There is no change the market closes dull.
Persian.-Stocks are light and we quote superior drug at $1,050,-
Quotations are;—
Malwa New
Malwa Old
Malwa Older
Yalwa Very Old
Persiau Fine Quality
Persian Extra Fine
Patna New
Patua Old . Benares New Benares Old
HONGKONG, June, 10th.
$1,100/1,150 per picul. .$1,160/1,200 do. ..$1,210/1,250 do. ..$1,260/1,320 do. .$1,050/1,090 do. ..+900/959
do. per chest.
do.
.$1,015
$--
.$1,026
do
do
YARN.
HONGKONG--Mr. P. Eduljce, in his Report dated 11th June, states:-Business has continued in the same dull unsatisf-ctory state as previously mentioned, no sign whatever of the long expected improvement in demand is apparent, and con- sidering the season of the year, the market is passing through a period of unusual depression. Only a trifling business is reported during the past fortnight as noted below, prices showing a decline of one to two dollars per bale. Although prices ruling here are much below replacing cost, importers appear to be influenced by local conditions, and would still further concede in rates if any large quantity could be placed, but for anything beyond urgent requirements, dealers will not offer at any price and our quotations, at the close have, in consequence, become more or less minal. Receipts for the fortnight have greatly exceeded deliveries and our estimate of stocks shows a heavy increase on last figures Bombay is reported steady. Sales of the interval aggregate 1,318 bales, arrivals amount to 15,871 ha'e, unsold stock estimated at 25,000, and sold but uncleared Van in second bands at 20,000 bales.
Japanese Yarn:-- Neglected throughout. Local Manufacture-No business is reported.
Cotton : Is very quiet and receipts are very small. Importations of both Indian and China descriptions have been almost checked by high price ruling in the home-markets. The business of the fortnight comprises only the sale of a parcel of 10 bales mediam Rengals at $291. Quotations are Indian $27 to 30 and China $28 to 31. Exchange on India shows a slight fluctuation and closes to-day steady at Rs. 1334 for T/T and Rs. 1344 for Post. On Shanghai 714 and on Japan 864. The undernoted busines. in imported and local spinnings is reported from Shanghai during the week ended the 26th ultimo, viz : - Indian:-
Market firm, business being checked by the firmness of holders. Total sales about 101 bales with an estimated unsold and uncleared stock of 40,000 bales. Japanese:-Ag holder are inclined to meet the market, price are easier. Total sales about 1,000 bales, at Tls. 99 to 10% for o. 168. and Tls. 105 to 110 for No. 20s, Local: Sales reported are 500 bales No. 148 at Tls. 95 and 200 bales No. 168 at Tls. 100).
PIECE GOODS.
Baw
505
after an unusual spell of dryness. Judging from the experience here it is doubtful whether suffici ent has fallen to have the desired effect on both the Cotton and Rice crops, the latter commodity, by its steadily advancing price, causing consider- able anxiety. Ningpo we learn has had a copious fall within the last few days, and the result has been frosh orders for the usual heavy Shirtings. Nothing definite is to hand yet as to whether Shantung has met with the same relief or not, that Province being in about the worst state of any, but further North rain seems to have fallen to a satisfactory extent, the news being accom- panied by fresh buying orders from Newchwang. Right hero is a further illustration of the danger of anticipating a demand from any part of this country, when, anything untoward happening up- setą all calculations It shows the happy go lucky way in which life goes on in China, no provision is over made to meet emergencies when they come, no lessons are ever learnt from past experience, and so the Country drifts on. Its masses still leading a hand to mouth existence, in spite of the endeavours of Foreigners during more than half a century to introduce some me- thods of reform that would greatly ameliorate their forlorn condition. Crops fail, the famine comes and Foreigners are appealed to for relief! And in the meantime their tade is ruined! The endeavours of the Prince Regent to effect reforms are being frustrated on all sides by the 'powers that he'
in Peking at present, it is therefore good news to learn now that it is his in'ention to grant an amnesty to the old reformers 80 as the late Empress Grand Dowager's ob- sequies have been performed. Wiser Councillors, how have had years of experience in Foreign Countries, may then prevail, and some real reforms effected, and until that is done, especially aa regards the currency, no steps should be taken by the Foreign Governments to permit the in- creased Customs Tariff, so much desired by Chins now, to come into force. Foreign trade, without some substantial considerations, is already su ficiently burdened. Better news has come from Hankow and also Chefco and it is said orders are in the market for both Ports. So far the only business done has been confined to second hands and doubtless comprises indent cargo that is now arriving and which is being cleared very promptly, being comparatively much cheaper
Messrs. Noël, Murray & Co. in their Piece Goods Report, dated Shanghai 4th June, 1909, state:-- With the Manchester market closed for the Whitsuntide holidays all this week every thing has naturally been very quiet here during the interval, assisted materially by an advance in eterling rates when the Exchange Banks resume business on Tuesday, Grave fears have been entertained both bere, and almost all over the Country, that a disastrous drought was pending, but bappily news is coming in of rain in several places, and this morning the weather broke here,
soon
|
than old stocks that have accumulated interest and storage charges for months, if not years. Nothing can be heard of the Manchester market until next Tuesday, but Liverpool appears to be open, the Cotton quotations coming this morning 5.831. for Mid. American "spot
" and 8d. for Egyptian. It will be learnt with soma - Cousternation that the export of plain Cottons for last month amounted to 54 million yards, From casual quotations received the New York market is very firm, 11s. 3d. being asked for Pepperells. The Cotton quotation in this morn- ing gives 10.96 cents for July. Some holders inclined to think that fully 1,200 bales of In- dian Yarn have been sold by Importers this week. At the high prices prevailing in Bom- bay it is reported that some 15,000 bales have been settled for Shanghai and the market is up again. There is not much enquiry for Japanese Spinnings and stocks are increasing, while prices show a weaker tendency. Local Spinnings are showing some signs of weakness in spite of the high price of Cotton, but that is only judging from the results. Cotton is undoubtedly (scarce and holders are firm owing to the unfavourable outlook at the moment for the New Crop owing to the drought. So far as we can gather the only enquiry for Manchester makes is for Ningpo, that market requiring 11 and 12-lbs. 38 in. Shirtings to a fair extent. These and some 12. lbs. 36-inch for Hankow and Szechuen form the
most important business of the week over and beyond the Auctions, and amounts to about 200 bales from stock. In American goods we hear of the sale of 600 bales Bucks Head Sheetings at Ts. 4.95 prompt a'earance and 500 bales Aflintic A. Sheetings at Tls. 4,724 two months delivery, in addition to which resales of about 800 to 900 bales heetings and Drills have taken place amongst the Natives at about previous prices, or their equivalent, taking Exchange in- to consideration. We understand a small indent business is being done in Fancy makes, 'but on quite a retail scale We cannot And, however, that anything is being done in staple makes, the heavy quantities coming forward, and which still can ot be accounted for, quite choking buyers off. At the Auctions firmness has been the prevailing feature, and this applies to all classes of goods Grey and White, and Cotton and Woollen, and, in addition both Turkey Reds and Fast Black Italians and Venetians have all shown a firmer tendency.