326
IMPORTS :-
COMMERCIA L
RICE.
+++
HONGKONG, 11th October:-The quotation of the market is nearly the same as when last reported. Saigon, Ordinary
$5.10 to $5.15 Round, Good quality 5.10 to 5.15 Long....
5.15 to 5.20 Siam, Field mill cleaned, No. 2... 5.05 to" 5.10
Garden,
No. 1... 5.25 to 5,30 5.35 to 5.40 5.50 to 5.55
91
White,
Fine Cargo
OPIUM.
Quotations are:-
Malwa New
Malwa Old
Malwa Older
Malwa Very Old Persian Fine Quality Persian Extra Fine
Patna New
Patna Old
Benares New
Benares Old
HONGKONG, October 9th.
‚$1,100/1,200 per picul.
$1,210/1,240 do.. .$1,250/1,280 do. $1,290/1,320 do, $1,100/1,140 do. ...$1,000/1,050 do.
$1,210
per chest,
do. do alo
$1,190
.$1,210
.31,160
PIECE GOODS.
THE HONGKONG WEEKLY PRESS AND
tomber 1907. The latest quotation for December January was 6,94d. Egyptian has advanced to 10d. In New York Cotton had advanced to 13.35 cents, spot, and 13.19 cents for December option Inspite of the poor demand there is for piece goods the market for yarn is very strong for all spin nings. English 2/fold 32s, have taken a bound upwards, sales being reported of Bierleins Eagle chop at Tls. 15500 and Crown at Tls. 157.50. Indian yarns are advancing also, two to three taels a bale having been paid during the interval over the prices ruling last week. The same may be said of both Japanese anl the local production, but the shortage of the raw material is curtailing Consequently the output of the latter mills. the Cotton market is being exploited for all it is worth, Japan' being an eager competitor at the same time. There is positively nothing to report in the way of fresh business of any description, either from stock, owing to the firmness of holders. who decline to accept prices that were ruling three months ago, "or perhaps a trifle less," one Importer put it, or for forward arrival, because of the uncertainty as to what some of their headstrong neighbours might de. There has been a small business in American makes at The market about previous prices, all resales. does not have a chance of recovering while these A weak second transactions remain possible. handed holder let some 4 yard goods go at Tls. 3.60, whereas' no Importer would think of taking less than Tls. 4.00 for such cloth now. The Auctions that have taken place subsequently to the Mid-Autumn Festival have on the whole shown some improvement, but it is by no means universal or very evenly distributed. The quota- tions published overleaf with the previous week's prices for comparison, best tell their own tale. Woollens continue to gain in strength.
EXPORTS:-
CAMPHOR
HONGKONG, 11th October :-The above market is at a standstill and prices remain as last quoted.
MISCELLANEOUS EXPORT,
HANKOW, 23rd Sept.-The prices quoted are for the net shipping weight excluding "cost of
Per picul
Tls. 37.00
Cowhides, best selected..
Do. seconds...
Buffalo hides, best selected Goatskins, untanned, chiefly white
colour,..
Buffalo Horns, average 3 lbs, each White China Grass, Wuchang and/or
Poochi.
WhiteChinaGrass, Sinshan and/orChayu Green China Grass, Szechuan Jute
White Vegetable Tallow, Kinchow White Vegetable Tallow, Pingchew
and/or Macheng
"
13
35
34.00 23.00
9.15 8.15
[October, 11 1909.
Messrs. Arnhold, Karborg & Co.'s Fortnightly Produce Circular, dated Shanghai, 24th Sept.- Gallnuts.-Market continues steady and active. Cowhides.--Market has opened in a small way at Hankow at full prices. Feathers.-Market quiet. Cotton.-Some business has been done in the Jankow staple. The Shanghai qualities do nct interest buyers at present high prices. Tallow. Good business. Market rising. Wood Oil- Quiet, but steady. Sesamum seed.--The season has started in earnest and a very good business has been done. Sellers are now more inclined to meet buyers. Strawbraid.-Market quiet. Goat- skin Rugs.-Neglected. Good demand for Sheep- skin rugs.
Wool-Sheep.-No business, owing to scarcity of supplies. Antimony.--Market firm. Good inquiry.
HONGKONG SHARE QUOTATIONS.
HONGKONG, 8th October, 1909.-Our local market continues very dull and rates with very few exceptions incline to weakness. Business in Rubbers also shows a slight slacking off and the ‚† market generally closes quiet. Exchange on London closes at 1/8 15/16 T/T, and on Shang- hai at 74%.
BANKS.-Hongkong and Shanghais continue a steady market, with small sales at 990 and 9923 during the week, closing with buyers at the former rate. Nationals remain unchanged and without business..
MARINE INSURANCES.-Unions bave further improved after sales at 845, 817 and 850, to the last named rate, at which the market closes steady. Cantons have declined to 175, with sellers. Other stocks under this heading call for no comment.
FIRE INSURANCES.-Hongkong Fires con- tinuing in demand, without inducing sellers to dart, have further advanced to 370, closing with buyers at that rate. China's continue neglected, at 114 sellers, but buyers at 113 meet with
no response.
SHIPPING. With the exception of Shells which have improved in London to 71/6 and locally to 74/6, we have nothing to report under this heading, the market closing with sellers of all other shares at quotations..
-
REFINERIES. China Sugars have ruled weaker and some small lots are obtainable at 146, and possibly at 145. Luzons unchanged and without business.
MINING. All stocks under this heading, with the exception of Langkats and Chinese Engineerings in the North, have ruled very dull, and we have no business to report or comments to make. In Langkats there has been some excitement in the North, and the market, after falling to 790, somewhat suddenly jumped to 880 for December, and then went 11:35 back again to 840 for cash, at which the market closes with buyers, according to the latest quotations from the North. Chinese Engineer- ings have improved to 184 with buyers.
Messrs. Noël, Murray & Co. in their Piece Goods Report, dated Shanghai, 1st Oct., 1909, state:-- The market has naturally been a very quiet one during the interval, although in the first part there was nothing to complain about as regards clearances. The settlement appears to have passed off satisfactorily, but no doubt the dealers are wait- ing to have their credits renewed before they can resume business, for absolutely nothing has taken place as yet. There is a fair promise, however, that clearances will be resumed in a day or two on a large scale and fresh transactions will soon follow. But they will have to be on a higher level of prices that first hand holders, at all events, seem quite determined about, as prices: recently current are fully 20% below present replacing cost, and the margin seems more likely to increase than otherwise. There are unfortun-packing for export: ately some weak second hand holders. whom it is impossible to control- they suddenly get discouraged and part with their goods at quite inadequate prices, which tends to keep the whole market down. Then the Auctions more or less set the price for staple makes, private sellers declaring there is a difference of five to ten per cent. between what they are holding for and those that are current at the public sales. Unquestion- ably these latter are very inadequatè, as can be plainly seen if compared with those ruling at the commencement of the year, when Exchange was certainly a little lower, namely, 2s. 34d., but Cotton was 4.99d. This clearly shows what private sellers have to contend against, when their natural object is not to sell below replacing cost. How is it possible for a market to recover under these circumstances? From the Country markets there is little to report. It is satisfactory to see that the Native Authorities are at last taking some steps to put a stop to the boycott against all British steamers at Kiukiang that has been allowed to go on too long. Foreigners here generally hail with approval the idea of re- calling the former Grand Councillor Yuan-Shih- Kai toa sist the Government out of the difficulties It will be none they have got themselves into. too soon, if they want to keep the Country intact and solvent. Recent advices from Manchuria plainly state that the demand for heavy-Grey goods is slowly but surely reverting to American goods, and this would certainly seem to be confirmed by the freer shipments that are going to Newchwang. The crops in that Province are Baid, in most quarters, to be in excellent condition and very abundant, but that is not confirmed by a well known Native resident who has recently returned from an extended visit to that part of the country, the Bean
crop, what he gathers, being likely to be 20% short of of last year. Great preparations are being made to continue the export trade on an extensive scale, which should be very beneficial to the growers. The Manchester market is closed so far as business with this part of the world is concerned. The Per P. & O, steamer Nile, sailed on 7th October For For Antwerp-100 bales hemp. few telegraphic enquiries that have gone from here! 1909. have elicited replies that have simply flabbergasted Dundee-2 cases cigars. For Marsoilles-10 cases the senders. For staple make sprices are fully 20% hats. For London-1,926 pkges. tea, 50 rolls over those obtainable here at present. Cotton, in Liverpool, after sundry little ups and downs, comes this morning 7.33d for Mid-American, the highest point touched as yet this season, in fact since Sep-
|
White Vegetable Tallow, Mongyu Green Vegetable Tallow, Kiyu.. Animal Tällow Gallnuts, usual shape.. Gallnuts, plum do. Tobacco Tingchow Tobacco, Wongkong.. Black Bristles,
Feathers, grey and/or white Wild Duck
Turmeric..
Sesamum Sced
Broad Beans
White Peas Sesamum Seed Oil Vegetable Tallow Seed Oil Wood Oil Tea Oil
35
"
»
17.90
10.80 DOCKS, WHARVES AND GODOWNS.-Hong- 11.00 kong and Whampoa Docks continue a weak 15.60 market, and we have only some few small sales at 55 to report. Kowloon Wharfs have con- tinued strong, and after some unimportant sales at 60 and 61, close with buyers at the higher rate. Shanghai Docks were quoted during the week at 75 in Shanghai, but at time of closing the market appears to have rallied and sales have been effected at 76 and 76. Hongkew 210 Wharfs keep steady at 138.
5.30 1.97
9.00
Per P. & O. steamer Delta, sailed on 2nd October 1909. For Manchester- 50 bales waste silk. For Lyons-286 bales raw silk. For Milan-30 bales raw silk. For Marseilles-10 bales raw silk 1 case silk einbroidery, 52 bales wasto silk, 6 cases feathers. from
Gibraltar-2 cases silks, 1 case curios. For London-1067 pkges. tea, 50 bales waste silk, 5 cases silks, 40 bales raw silk, 1 epses painted panels, 2 cues books, 21 pkges. p/uffects, 4 coils rope, 15 cases sample caps.
matting, 100 casks preserves, 66 cases preserves, 54 bales canes, 10 cases hats, 3 cases cigars, 3,100 bales hemp, 395 bales maguey, 16 cases p/effects, 1 case blackwood ware, 927 cases wet gun cotton.
LANDS, HOTELS AND BUILDINGS.-Hong- kong Lands have changed hands at 104, West Points at 43, and Humphreys at 91. Other stocks under this heading remain neglected.
COTTON MILLS.Ewos have fallen slightly to 1363 and Soy Chees to 450. by telegram. Internationals have fallen to 89, and Laon Kung Mows to 112, the last two quotations are taken from the last Shanghai circulars.
RUBBERS-The market in the early part of the week was fairly active, and rates well main- tained. At the close a slackness has set in, in sympathy with a temporary weakness on the
London market. Our latest advices from Lon- don, this morning, say that "the market opened dull but closed firmer." The following sales have taken place locally during the week: Led- burys at £2 12 6, £2 10, and £2 13, closing at £2 10; Golcondes at £2 18 6, Shelfords at 36/.37/ and 38, the latter closing with sellers at the highest rate. Anglo-Malays at 16/6, 16, and later at 15/9, Castlefields at £2 176 and £2 16 4. Bal gownies at 71 cum div. of S$2 paid on the 30th
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