258
cense. But the mischief has been done and Foreign trade is one of the chief sufferers. The weak-kneed policy that is being pur ued by the present British Government toward this country is having very unpleasant and damaging resu ts. When a boycott of British trade can be allowed to be carried on, actually in a British Concession, without any a parent protest, and important concessions to British subjects, involving the sinkage of vast amounts of capital to be treated as so much waste paper, it is about time some- thing was d: ne of an international character to safeguard the interests of Foreigners in China. And now at a time when Importers have to face a market that is ten to fifteen per cent. below the present replacing cost the question of increasing the Duty comes up. Fortunately there is a saving clause in the treaties that preven's that being done until "likin" is abolished, though that con- tingency does not seem to be taken in o account by London's leading paper. The settlement of the qestions pending between (hina and Japan regarding Manchuria does not appear to meet with the approval of the Chirese in that Province, the Chamber of Commerce at Hsinmintun hav-
C
The
THE HONGKONG WEEKLY PRESS AND
COTFON PIECE GOODS-
T-Cloths-6 lbs. (32 in.) Ordʼy
7 lbs.
J.
8 to 8.4 oz., (36 in.), Drills, English-40 yds., 134
to 14 lbs. "
[September 18, 1909.
Comparative Quotations are as under :—
1909
1908
per picul
Ningchows.Tls. 13.25 at 100.00 Tls. 15.50 at 100.00
67.00
22.50 27.00
»
19.50
10.25 26.00
9.25 28.00*
"
""
"
2,20 to 2.80 2.35 to 2.45
6 lbs.
,, Mexicans,,
7 lbs.
2.80 to 4.0 8.60 to 4.36
4.65 to 6.05
**
0.50 to
FANCY MOTTONS—
Tur key Red Chirtings-14 to
1,82 to 5.10 Oonfuas 6 lbs. piece
Seang-tams, 8.00 12.00 Brocades-Dyed
...yard 0.11 to 0.15
Ichangs Chinese-Assorted ...................... 0.08 to 0.35 Velvets-Black, 22 in.,
0.28 to 0.55 Velveteens-18 in...
0.24 to 0.28 Handkerchiefs Imitation Silk per dozen
Khemuns Hohows Kutoans Wen-chows, Oopacks Oonams
23.00
82.00
21.00
19
35
タラ
"
19 00
K
""
}}
""
$24.60
22.00 28.00
39
$7
2.00
9.50 25.00
"
"
7.50 25,00
1
"
9.30 35.00
"J
33
**
22.75
61.50
12
5.00
WOOLLENS- ·
Spanish Stripes-Sundry chops
.....yard
German,
Habit, Medium & Broad Sloths,, Long Ells-Scarlet, 7-9 lbs.piece
Assorted
Camlets-Assorted
WHEATEN FLOUE-
L
Lastings-30 yds. 31 inches?
Assorted.
Orleans Plain...
· Blankets--8 to 12 RAW COTTON—
Bombay
Bengal (New), Rangoon
and Dacca........ Shanghai and Japanese... Tungchow and Ningpo
METAJS
Iron-Nail Rod..
lbs.
2.00
0.70 to
2.00 1.25 to 3.00 7.80 to 9.40 7.90 to 9.40
14.00 to 21.00
9.00 to 12.00 0.60 to 1.50
picul $28.00 to $32.00
"
33
"
"
12.00 36.00
33
8.75 18.50
22.00 €5.00
MISCELLANEOUS EXPORT.
"2
Per Messageries Maritimes s.s. Australien, sailed on 14th September,. 1909.. Lyons-230 bales St. raw silk, Marseilles-65 bales raw silk. Etienne-10 bales raw silk. Marseilles-100 bales waste silk, 15 cases feathers, 12 packages human hair, 15 cases hats, 3 cases embroideries, 2 cases cigarettes, 15 cases ylang ylang. Havre -20 cases papers, 5 cases bristles, 5 cases divers. Barcelona-4 cases mats: Tamatave-21 pro- visions.
HONGKONG SHARE QUOTATIONS.
HONGKONG, 17th September, 1909.—We have no improvement to report in the market, which 28.00 to 32.00 continues dull and inactive, and the little busi- 27.00 to 33,0ness transacted during the week is quite unim- 29.00 to 33.75 portant. Exchange on London T/T 1/87, on
Shanghai 743
.picul $ 4.05
square, Flat, Round Bar (Eng.),.. Swedish Bar
Small Round Rod
Hoop, to 11/2 in.........
Wire, 16/25 oz., Old Wire Rope...
Lead-L, B. & Co. and Hole Chop
Australian
Yellow Metal-Muntz 14/28 oz. ..... Vivian's, 16/32 oz., Elliots, 16/28 oz...
Tin,
Tin-Plates,
Steel
MISCELLANEOUS—
Quicksilver, Window Glass, Kerosene Oil,
"
73
"
4.00
BANKS. The market has ruled very quiet with only a small business in Hongkong and 4.10 Shanghais at somewhat erratic rates, sales 4.55 having been reported at from 990 to 1,000; the 5.60 market closes quiet, with no buyers over 990 and 9.50 with no sellers under 995. Nationals remain 3.00 unchanged and without business.
31
9.40
**
29
12
37
"
9.10 39.50 39.50 39.60
90.00 box 7.65 .cwt. caɛe ---
MARINE INSURances.—Unions have been again placed at 840 and at time of closing sales are reported at 842). Cantons have further de- clined to 180, and North Chinas to 11b in the North.
FIRE INSURANCES.-Hongkong Fires are in request at the «nh nced rate of $355, and small sales have taken place during the week at that rate. Chinas continue neglected but steady at box 5.40 115. Case
picul 169,50
ing actually suggested a boycott of Japanese goods as a protest, N. ws from the Out-ports has been rather mergre, but if clearances count for anything the consumptive demand is keeping up fairly well. The sud en and unexpected weak- ness in Exchange seems to have caused a lull and has set the dealers on a round of inquiries again to get holders' ideas as to prices, so that altoge- ther it has been a very quiet week. It was only yesterday that a little inquiry sprang up and some business was done with second-hand holders in American gocds, it is said for Newchwang, where exchange on this is a little lower, Shanghai Tls. 968.00 per 1,000 Newchwang taels. advice concerning the American Cutton Crop are decidedly astonishing and quite upset calcula- tions, the condition at the end of August being only 63 5, against an average for that month for the last 14 years of 73,48, this year's being abso- lutely the lowest during that period. When the report was published the Liverpool "spot" price jumped up to over 7d., but yesterday there was a slight reaction to 6 96d, which was the latest quotation we have beard of. 6.79d. was quoted for September and 6.72d. for December/J. nuary; Egyptian has advanced to 93d. The Export of Plain Cottons from Manchester last month was 39,000,000 yards, a most unexpected and excessive quantity which may, however, with judicious handling come out alright now under the circum- stances, as the Market there is quite unapproach- able on the present basis of prices nominally ruling here. From New York advices we learn that prices are ten to fifteen per cent. over those that are being accepted here by second-hand hold- ers. The Cotton quotations thence are 12.50 cents for October and 12.62 cents for December. The Yarn market opened quiet and we k after our last was written, but the, de line in Exchange, which was not expected, seems to have put more life into it and made buyers more willing to pay the prices asked by Importers, both for Indian and Japanese spi nings. Local Mills' are sold well forward and carry very light stock, both of Yarn and the raw material. The prospects for the crop have improved immensely during the last week or two, early samples showing excellent staple and a full supply, perhaps a little late, is now expected. In American goods we have heard of the sale privately from first hands of 135 bales. Boy on Elephant 350 yard Sheetings at Tls. 3.75. About 550 bales in all of the following chops of these goods changed hands yesterday amongst Consisting of the following Teas:- the natives :-Piedmont K. Ts. 435, Buffalo A.. Tls 4.40, Orr A, 18. 465, Enterprise Tls, 4.67}, Piedmont, Lrray A. and Abbeville Tls. 4:70, Indian Head Tls. 495 and uck's Head Tls. 5.05. In Drills Enoree F.F. at Tls. 450 was the only transaction. At the Auctions staple makes of Grey and hite goods have realised fairly steady to fiim prices. Turkey Reds show signs of weak- ness. Fast Black Italians are steady to firm. Venetians about steady and Woollens a little firmer.
HONGKONG PRICES CURRENT.
HONGKONG, 17th September, 1909. COTTON PIECE GOODS-
Grey Shirtings-6lbs. ...... piece $1 95 7 lbs.
8.4 lbs.
White Shirtings-54/56 reed
Saltpetre, No. I
Do. No. 2 Do. No 3 Dayton, per bag of 50 lbs. Brown Bear Choice White Lily White Fawn Morjon. Cow
EXPORTS:→
TEA
picul $11.60 to 12.20 10.90 to 11.20 9.40 to 1,60 .gross $2.85
"
"
>>
2.70
2.72 2.72 2.70 2.71 2.71
SHIPPING-Hongkong, Canton and Macaos with shares on offer the whole week at 314 close weaker with sellers at 31 and with no sales to report. Indes continue out of favour with local sellers at 60 (combined) and at Tls. 44. in Shanghai, Shells have declined in London to 68/9, but are fairly steady locally at 70j. We have nothing else to report under this head- ing.
REFINERIES. · China Sugars have ruled rather weaker, and with the exception of small sales for the end of the month at 1473 we have heard of no business. At time of closing shares srẹ ob'ainable at 47 for cash. Luzons have been a weak market and the rate has fallen to
HANKOW, 9th September-Business reported 23 without business. since the 2d inst, is as under :-
1909. -chests.
Settlements
Ningchows
...1,723
1908. chests.
354
at Tis. per picul.
دو
-chests.
170
27,00
33
128
**
25,00
161 .1,269
12,35
10,75
"
**
وو
53
Kh. muns Oonams Oonfaes
The following are Statistics at date compared with the corresponding circular of last season, viz.; 10th September, 1908:-
1908 -chests -535,557
639,364
HANKOW TEA
1909 1-chests
Settlements...
.421,879
Shipment to Shanghai
on Native account
Stock
13,527 26,118
50,000 58,807
Arrivals
...461,524
2.30 to 2,55
3.10 to 4,25
1909
4.35 to 5.70
KIUKIANG Tea.
2.90 to 3.76
Settlements...
chept's ...186,622
1908 -cheste
180,853
33
4.20 to 5.80
33
on Native account
...
294 19,684
.206,500
10 lbs.
58/60 64/66 Fine........ Book-folds
6.25 to 6.90
23
0.75 to 2.00
Victoria Lawns-12 yards
Shipments to Shanghai
6.20 to 7.40 ?? J 7:45 to 9.95
Stock
Arrivals
15,335 5,024
201,212
MINING.-Raubs have improved to 8.75, after sales at 81, 8.35 and 81. Chinese Engineer- ings have changed hands at 181. Lingkats have declined considerably, and after sales down to 950, oum dividend of Tls. 12 paid on the 15th instant, close at Tls. 935 ex dividend.
DOCKS, WHArves and GODOWNS.-Hong- kong and Whampoa Docks have shown further weakness and a fair business has been transmoted at the reduced rate of 604 and 60, the market closing rather firmer at 60. Kow- loon Wharfe have changed hands at 61 and 60, closing quiet at the latter rate. Shanghai Docks have weakened during the week to 77, Hongkews after ruling steady at 148 have improved to 152 in the North.
LANDS, HOTELS AND BUILDINGS.-Hong. kong Lands remain unchanged and without business West Points have found small buyers { at 44, Hotels remain quiet at 724 and 43) for old and new respectively, ez dividend of $2.40 and 400 paid on the 13th inst. Humphreys -rem-in on offer at 94.
COTTON MILLS.-Ewos have'declined in the North to 186, Internationals are quoted 93 by the latest Shanghai cireu ars, Loan Kung Mows at 113), and Soychees at 460, the last by telegram.
RUBBERS. The market has not been very aotive, but rates are fully maintained. The