· 1907: A BUSINESS REVIEW.
A general retrospect of the trade year is made in the leading arilole. Bolow we give sundry returns under special beadings, which have been collected from authoritative seurosz,
EXOLANGE.
Business has bee
the trade as a whole, for nithong, ar beftain | seasons there has been a good demand for a partionlar class of goods, there has been a lack of that steady consumption and consequent enquiry for the more staple articles. On the There is nothing more interesting to the surface there seems to have been little reason Hongkong resident than the fluctuations of for such a quiet state of affairs. Stocks in exchange, which affect all, the sterling paid man Hongkong have been light, currency prices, as well as the man paid in local currency. The owing to a favourable exchange, have been com, rise and fall in the valuo of the dollar is watched paratively low notwithstanding the high ratee with the interest of a nurse following the at home, and there have been no circumstances, temperature obart of a feverish patient. The of any special nature to restrict demand from loading article refers to the way it has affected the country. That there has been little demand business generally. A specialist inform us is therefore hard to understand, bat the follows:-At the beginning of 1907 our dollar absence of it has led to the dealore buying from was worth. 2/3 3/16, but yesterday it had a hand to mouth, lacking as they did any encour exchange value of only 179. The main reasonagement to buy in quantity for future delivery, for the decline of silver we must attribute to the This, and restricted credits from the native reports of famine in India, and the ocasquent lauks, have altogether obooked much of the reluctance of the Government there to add more prontation which had been going on, and leaves to their already large stook. A reliable circalar the trade in a much healthier position to deal eives the total shipments of silver from London with real demand when it does ariso as it is to India in 1906 as £15,205396. Up to No-be oped it will do soon. Grey and White mhor of the year mentioned, they were worth | Goods have been the greatest sufferers from the £13,940,296, while to November of 1907 thoy depresion. Fancies have been enquired for ranohed £10,133,04. Another reason of the more, but demand has generally been for spot decline was the financial crisis.ín, America and airgo, and orders have beer as a rule difficult te the consequent, difficulties. in all commercial obtain. centres.
The year opened with a T.T. rate of 2/3 3/16 silver standing at 32 3/8, which gradually 'dropped until the Chinese New Year when the T.T. rato stand at 2: and the price of silver at 31. The inte remained steady at this quota. tion until about the middla of March, from which date it fell, standing on April 5th at 2/0 78. Then an upward movement commanded rates gradually but steadily rising with cau
tant factuation, until 2/3 was touched on August 3rd. Then there was a gradual decline during August and zeptember until October Sib, when the rate quoted was 2/2. There maining days of October saw rates tumbling away. In November again ther feil to a lower range, and were still declining to Decembar 5tb, when 2/- Tanithed. The month of Decem her was one of rapid decline, for on the 23rd we find the dollar quoted at 1/94, and silver at 244. Latest quotations appear elsewhere, in their anal place.
RAW COTTON.
CABBIA.
LY PRESS, WEDNESDAY, JANUARY 187, 1908.
KERUBEN 015, PETROLEUM AND
BY-PRODUCTA, - ⠀⠀.
..: COAL.
to the wild fluctuations to which the
While the Inarosan in gallonago for the total Metal markets of the whole world have been subjected during 1907, business in this branch territory of all brands of kerosene oil for the has been a creedingly difficult one. In year 1907 over 1906 is about 18 per cent, the consequence it is gratifying to bear that the increase in the Standard Oil Company's output leading importers as well as the few local over that of last year is 22 por cont. There was dealers who have weathered the orisis in pasta marked inoresso in 1996 over 1905, the latter years have resEad exceptionally satisfactory year being when tho hoyoott was so strong, sa profits on their transactions during the psat wall as in the first part of 1906. Labricants, twelve months, Home valuer, which stood all wax and other by-products show a marked and round on an abnormally high level at the antisfactory Increase in 1907 over the preceding beginning of the year, maintained their year. position for some time, or even suhanced in valve as f. i. land and copper. But a sharp docline set in on the whole line daring the last half of the year-accentuated perhaps by the Anancial derangements in the United States- and with the exception of quicksilver, which contrary to all other metals has been going up lately, prices for all stapl-a üzve strived to-day on a basis which is considered a pretty safe ensin experienced and well informed quarters, so that a healthy and prosperous trade should to in store for those interested for sorae time to come. The following comparison of values of some of the tending metals will prove interesting:-
Silver is to-day bout 25 per cont, lower than at the end of 19.
Iron is today about 25 per cent, lower than at the end of 1966.
Lead is to-day about 30 per cent, lower than at the end of 1906.
ས་
Spelter is today about 30 per cent, lower the at the end of 1906.
Yollow Metsi is to-day about 20 per cont. lower than at the end of 1900,
Copper is to-day about 45 por cent. lower than at the end of 1908,
Quicksilver stands about 15 per cent. bigber
then on the 31st Decembar 1.906.
FLOUR.
There has been a considerable ixcrease in the shipments of American flour to the Esst during
The demand for this commodity has been fairly good during the year and the total exporte so far are estimated at from 40,000 to 45,000 piculs of Cassia, whole and broken, Though many of the transations in this article nowadays are done on a speculative basis both by the Chinese dealers and foreign experters, prices romained fairly steady throughout the season, and beyond a general complaint of shipments frequently arriving at their destination short of weight, the Cassis trade in 1907 shows hardly any special fontare, with the exception perhaps that the quality standard has again been lowered, and has now arrived on such a low level that it almost constitutes a danger to the sound ocatiousnos of the trade in general. The colour of the Cassis this season leaves much to be desired, it being too dark, the result of careless handling in the prodacing distrio's, where the quills are not properly soraped and in most instances the weight of the Cassia is fraudulently increased The heavy rainstorms and railway congestion by moistening it. Exporters have frequently in Amerion at the beginning of last year pre. pointed out this to the Chinees Cassia Guild,sented the speedy removal of flour from the saking them to stop the praction The members interior to the seaports, Then, in the latter of the guild have promised to do their best to months of 1907, all there delayed shipments come of a famine. In 1908 9,873,104 Backe of American four, of 40b cach, arrived in Hong koog. Last year the total shipments were 4,325,000 sacks of the same weight, an ingressə of 951,891 Backs.
The Coal market for the year has not. baen o active was expsoted. Japanese Coal, which in the chief import into the Colony bas boos very weak during the while year save the last two months or so when there was a rise in all grades in Japan, producers holding out for much bigher ploes. This hardening was further accentuated by the recent fall in silver which has much increased the Dollar price of Coal to the consumer. Besides the contrasts daly entered into between the parifes concerned during the early part of the year for supplies during the whole year, there are not many transgctions worth mentioning. We give below ni idea of Cala imported during the year...
Cardiff Carl About 90, 00 tons reached the Colony most of which came for the Admiralty, except about 10,000 tone. Very small sales were reported daring the year.
Australian Coal-Approximately 87,900 tobe were imported by Messrs. Showan Tomes and Mesageries Maritimes who are the only in portera
Indian Coal Shipments of Indian Coal which was introduced into the Colony in the middle
of 19:5 owing to the sosrsity of Japsume Coal are now entirely stopped, the suly arrivals amounting to some 15,000 tons which resohed here during the first quarter of the year.
Japanese Coal--The total imported amounts to about 850,000 tons most of which were da- liveries under the annual contracts.
A new
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PER DOZEN
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WINE, SPIRIT & CIGAR MERCHANTS,
troights for the month declined to 81 from Moji to Hongkong, and to $1.79 from Moji to Canton, owners being anxious to send their steamers south to get the benefit of the improved market. The early part of March saw the batter, feeling it the market still further accentosted, Saigon and Hongkong freights gradually work. ing their way up from Ofteen to nineteen certa with option of Caston at rates ranging between seventeen and twenty one sente, Jap neað tourage, which up to January of last year practically never had competed in the zaigon maket, were introduced and started to enter the fld, generally accepting lower rates than those. secepted by other competitors, and thereby checking the healthy improvement of the market, Unabated activity continued at the beginning of April, after which the demand gradually decreased, fress sales falling off, with the result that the froight market was weakened, rates dropping to 28 pents and Japanese atekmorz socepting as low as 9 cents. To the Philippines several fixtures were effected at good rates, and business to the northern porta was weil maintained, the enquiry however, gradually falling off a time went on. During the month of May freights were unentisfactory oner Improving wore those for goal from Japan from an owner's point of view. The only
the past year, due to the fact that Australis has been out of the market for the last four months, the high prios of the Australian article pre- venting shippers in that country competing system of delivering the Coal to Canton con- with American alors. During the first half sumera has been brought about by the high here during the latter part of 1906 and a num- of 1907 it was a question of feast or famine in rates of coolie nad boat hire which prevailed the flour trade, but four became more or less of her of steamers which ander ordînary oiren which rose to 82.55 for shallow draft steamere
a drug on the market in the latter months,stances would have discharged here now proceed of about 2000 tons from Mojł to Canton, and
to Canton thus taking away from Hongkong..a large proportion of the distributing trade which formerly existed,
natives in the interior find it more profitable to remedy the evil, but so far their efforts seem to forward at once, the result being a feast instead | and Canton of which nʊme 65,000 tons came from demand at about $260 to Canton add $1.80
For some years past the trade in Indian raw cotton has been gradually dwindling. Owing to the large influx of the lower conuts of Indian spisnings, and their comparative cheapuese, the
purchase the ready made article than to invest in the dearer raw material nod waste time and moavy in spinsing it. What little Indian ootlon goes into the country is used for the most part in mizing with the indigenous product for quilting and padding purposes. We give below the sales of indian colton in the local market during the last seven years
. 1901...
1909...
1903...
190+
1905
1906
19'7
6065 bales. 17548
9447
***
4483
9:07
▪**
YARN.
4250 5643
The last twelve months may be pronounced one of the worst yarn import years the Colony has experienced, and while there was a falling off of nearly 55 per aunt in receipts, there was an increase in consumption of over 59 per esnt. Imports to Hongkong amounted to 146,995 bales as against 209,869 bales in 1906, while Bales aggregated 137,608 bales as against 81,818 bater. This increase in the year's salos is not surprising when we take into consideration the drawbacks for the fatter half of the former years, as the poor condition of the country and local markets, the entire esantion of business from August to November, and altimately the failure of all bat four of the fifteen yarn desling honge. During 190 there has been a very material falling off in receipts, and with the exception of a few spasmodic efforts at briskness, prices not only failed to respond to the enhan. ced cost at Bombay, but more or less steadily declined, and there is little doubt that they would have rated lower were it not for a
have had no effect. Although demand has fallen off lately, prices are teading upwards at present, owing to rapidly decreasing stooks,
?
BILK,-
The raw silk market opened very firm at the beginning of the year, stocks being small, and the demand both for Eur pound America active, A few weeks later demand was falling off and pricos declined considerably till the Chinese New Year. After the holidays a reaction not in and prices regained the lost ground, the highest point for old season's silk being reached at the end of Marob. Stucks of old season's milk being practically exhausted, large contracts in new season's silk were made for Europe and America, which strengthened the market for the next few weeks. The first two Canton crops being exceptionally big, and Japan and Europe promising also good crops the demand fell off and prices declined steadily up to the middle of July, when the demand improved, sed prices advanced 88) to 80 por pical. The improvement, ho ever, did not last long, and the good results of the third and fourth erop ind good some of the Chinese merokanta to sell short. During the month of August demand was active and pricas advancing, but the improvement was not a lasting one, and our market dolined in sympathy with the Japon market, Although exchange dropped about 8 per cent in Ootelier, dollar prices declined steadily, and Nativo silke exposinily were completely neglected, home bayers insist ing on better wiuding and on a more even size, Although exchange declined about 12 per cent from lat November to the end of December dollar prices also lost considerably, Demand the part of some large importere consequent on reduced exports both for Europe and America was practically from India wad frequent assistance from xil, the home markets being very depressed, Shanghai. It was seldom that the dome dowing to money stringenoy, failures and heavy afforded importers opportunity for regulating stocks, Thanks to the big contracts made for selling rates with ousts, the dealers mostly long delivery at the beginning of the season the confining their small and dragging parcbases Chinese reelers and deslera' losses were small to actual requirements. Tightness of money, compared with those of the foreign desiers who lors of oredit in pativa circles caused by the heavy have to bear the brunt not only of the decline failures of 1995, the general disorganisation in prices but also of a difference of about 20 per of trade in the Southern Provinces of China dent in exchange. The quality of this year's and the decline in exchange are the causes for crops has been very good, but no improvement depression of importa during the year, has been male in the realing of both team h opened with a quotation of $81.-3 for fiatures and Native silk, No. 10 yarn, the price ruling at the close ingle $91,93 The axolange in India for the periods wood at the beginning of the year
certain steadiness
lter,
on
MATTING
It was the American boyostt which pared a way into the market for Australian flour, and the small quantities which first found their way to the Fast gradually increared, fast your the total shipments were about 1,200,000 sacke, some 80 per cent more than the total shipments of the previous year. The high shipping freights'nt present prevailing on the Australian rus, however, will probably prove a drawback to the trade, and will at the same time assist American shippers who can land their fur at Hongkon savon shillings a ton cheaper than those connected with the trade in Australia, and incidentally, on all the commodity at a cheaper rate. At prosent there are only some 5.000 or 60,000 sacks of Australian flour in the Colony, and prospects for the coming year are not bright as it is expected that most of this year's harvest will be required fo-home consumption.
BENGAL OPIUM.
Hoagay Tourane Kaban and Haiphong About 82,000 tons were shipped to Hoagung
Hongay. The Haiphong Coal which amounted to some 14,000 tons only passed here on the way to Canton...
Palo Laut-Bome 24,000 tons arrived during the year under review most of which was imported by consumers.
SUNDRIES.
bared the depression which has been a feature The Bandrica trade has to a great extent of all other business in the colony. Many sauses have contrib ed to this, the chief of
which are as follows:
Firstly, the rise in prices at home, only partially compensated by the high exchange.
Secondly, the lack of purchasing power of the Chinese
Thirdly, the increased discount on Chinese
Goins.
to 82.65 from Wakamatza. Freights from Saigon to Hongkong had, by the middle of June, dropped to about ten cents: Saigon to' the Philippines was done at 20 cents, and coal freights from Japan kept steady with ample
during Jaly fixtures were numerous, and quite a to Hongkong. Although rates continued low number were effected in the frst half of August with Salgon, Hongkong freights rising to 17 and 8 cents, while there was an improved ra's to the Pallippines of 24 and 25 cents, Towards the end of the month, however, the market took a turn for the worte, rates still showing a down. Databer, and although numerous charters were ward tendency in the months of September and affected during November and December, rates fill continued low. Loosl charterers are more
confident of the coming year, however, and · no serious failures are feared locally, the general lea being that the bottom of the market bas been reached.
LOCAL SPORT.
CRICKET.
HONGKONG CRICKET CLUB,
Fourthly, the departure of Viceroy Shum from Canton. See explanation below,-Ed.) The rise in pricca st home was responsible for fewer orders being pissed at the beginning Club will play against a beam selected from the To-day at 11's.m. the Hongkong Cricket of the year, and this was expenially the man with knitted goods (cooks, winglets, etc,) the demand being supplied to same extent by tots of inferior spot cargo which we dumped on the
-12, QUEEN'S ROAD CENTRAL
BABY RAW WITH
AWFUL ECZEMA
Running Humour from Blith-Face. a Sickening Sight-Worn to a Shadow-People Sald, "How Can You Wish Him to Live??
USE OF CUTICURA HAS
A MARVELOUS RESULT
"My husband and I thought you would like to know what the Cuticura Remeches hawy done for our baby boy.. He had running eczema from birth. It developed itself after the first raonth: The poor little fellow's bead wes quite raw, his face was a elekening sight and the dreadful humour wond soak his pillow through in a single night. It wore him to a ebadow. People who BBW him said, 'How can you wish him to live? Two doctors saw him; one recommended Cutleura Remedes, but could do little else for him, for it was SO obstinate. We tried several remedies, In fact everything we could think of and wore told of. At last we got Cuticura Ointment, and together with the Cuti- sura Scap the result was marvelous, for 1 have not finished one box and the ekin le now perfectly clear. It has all dried up und ble hair is growing won- derfully and instead of sleepless nights he has the proper sound sleep. Mrs. C. Baker, 23, Victoria Road, Bland ford, Dorset, March 12, 1906,"
WOMEN ONLY
Are Most Competent to Appre clate the Purity, Delicacy, and Efficacy of Cuticura Soap And to discover now uses for it dally It combines delicate, medicinal, emol llent, sanative, and antiseptle proper ties derived from Cuticura Ointment, the great Skin Cure, with the purest of saponaceous ingredients and most re- freshing of flower odours. For preserve ing, purifying, and beautifying the- skin, scalp, hair, and hands, for itch- ing, irritatious, and Inflammations, for Banative, antiseptic cleansing, as well as for all the purposes of the toilet, bath, and nursery, Cuticura Scap, as sisted by Cuticura Ointment, is priceless.
Complete External and Internal Treatmen Every Bumour of Fatouse, Children, and a
of to Cleaned iko km, Oiaison to Hout the skin, and Cuticurs Resolvent the Blend. A Ps (Chocoite Coated) to eat the world.
Bingte Set often Cures Beld Dejan Lenson, 27. Charterhouse B. H. Towas AC..Rydney: Lennie, Cupa Tres, el B, K. Paut; Celruits: Potter Iwum and Chem. Corp– MALE PRODA
Fort-free, Chueurs Book on Skin Dassen.
54 8
THE
United Services. The following will represent the Club-Mesura R Hancrck, T. E. Paros, W. C. D. Turner, A. A. Claxton, H. E. Makin, B. B. Beattie, C, F. Shields and A. H. Young ROBINSON A. W. J. Penice, H. R. Phalips, E. A. Fowlar,
To-morrow (Thursday) at 11 am, on their
ground the H.K.C.C. will play & return match
The feature of the year has been the decision of the Indian Government to reduce the quantity sold monthly by suction, from 4410rket. The increased discount on Chinose coins has been very much to the disadvantage chests per mouth to 40 casts, from July last of the Bundrion shos, this class of business in order to meet the wishes of the Chinese being neatly all of a retail nature, the whole Government in their mileged desire to reduce of dealers turnover is zo do in Chinese, cins against the League XI. The Club will bs and ultimately put a stop to opium smoking. The departure of Viceroy Sham from Canton represented by the following players ---Megera, The Chinese Government have on their part has had a very marked effect. His succes R. Hanacook, H. Hancock, T. E. Fearon, W closed the opium done in various citise and
Bors have not favoured the Chinese calting C. D. Tarner, A. A. Claxton, H. R. M+kin, the officials have, in order to make money out of the sitantion, attempted to establish their queues and adopting European dress, and A. W. J. Peake, H. R. Phelipe, E. A. Fowler, at the same time indulging in European L, 8. Vesher, 119th Baluobis and A. N. Other. The League team is composed of Messrs. a monopoly for the ale of opium, which,
A. O. Brown, J. Irvine, E.Irving, W. Edwards, thanks to the vigilance of the British Author luxuries. Consequently the flow of orders from ities, has so far failed. The trade has not Canton for goods is. European style such as stop. Many dealers lose heavily in consequence. been profitable; prices fluctuated heavily thing, boots, eto. has almost come to a full and the violent decline in silver towards the
KOWLOON C. U. SPORTS. eronot be get into consumption, Blankets,
The Kowloon Cricket Club has as usual gone close of the 7-ar has completely disorganized of their large purchase of these goods which the market. Closing quotations are 2915 for Umbrellas, Braid, Cords, Soap and other to a great deal of expense to make to day's Fatna and $585 for Beaares,......
important bines have only been ordered in a hand to month manner, the dealers not being ports for the children as enjoyalle as possible, inclined to speciate. The recent besvy fall and they naturally want as many as possible of the public to see the rosult. Refreshments aro in exchange should tend to strengthen laviebly provided, and every child is guaranteed the position of the market although many
a happy day. The gratification of visiting dealers who have bought goods sterling basis will be badly hit. Altogether parents follows as a matter of course, can be safely stated that the year 1907 has been A Parese Chess beam is being got together,
Mulus Opin. 1hord is nothing special to report. Prises for 2 years drug close at 8900, and for oldest at $1000.
Persian Opium, The bulk of this drag consumed in Formoss. The demand for con sumption in China has fallen off very consider ably Best quality is quoted at $830..
·RICS,
on " &
Wishart, L. E. Lammert, E. Bass, R. C Witebell, Barton and C. S. Shields.
Peatorji, C. §. M. Owen, Fuller, L. J.
CHECE
a most unatisfactory one as far as Sundries are to compete with teams of other nationalities
of D 167 and at the end abs. 135. Daring and about 40,000 rolls of Mata and Carper, China during last year, the shipment from concerned, and it will mean ruin to many firm, We are told thore are many good Parses)
There was a brisk demand for foreign rice in
improvement. Saigon alone reaching nearly nine million pieals.f the year 1918 does not bring forth some players in Hongkong.
TONNAGE,
FOOTBALL.
HONGKONG FOOTBALL CLOS v. 8 MS, "MONMOUTH,"
PIANO
CO. LTD.
PIANOS
TUNED AND REPAIRED
BY
QUALIFIED MEN
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Eend us a Post Card now and we will put your Piano in perfect condition for Christmas,
Hongkong, 6th December, 1997.
NEW NAVY WORK,
07
The Ministry of Marine has insan, a com
The total export of 1907 is estimated at about 500,000 rolls of Tungkin and Lisan Mattinga, ainly 13hed period oder review orders Lave been Although these figures are not behind the of
ks, bicient to keep most mills running from 19 to former years and prices paid by exporters on a The total shipments, when returns are com
hours a day. At the end of June there were general average were fairly good, the saison pleted, will probably exceed those of 1906,
Freights ruled low when one last year's all India 224 mths working and in course of 1907 has bardly been a profitable one for the which showed an increase of nearly 25 par cent. erection, running 6,339,275 spindles and 58,496 Matting dealers. Owing to an unprecedented Saigon's total experts of this commodity in the review was made, supply easily keeping pace looms, employing on an average 205,605 hands rise of wagys for the weavers, especially in former year, were exceeded last year by her with demand. The general belief that the rice The following have been chosen to play for daily. Of these 224 mille Bombay Island alone Tangion, asured by a sheep com etition shipments to Hongkong and China. In 1906, crop at Saigon was exhausted, turning out to the Hongkang Football Club, vorens F.M.S. plaims 85, running 2,613,438 spindles end amo gat the manufacturors themselves, many of 8,791,10) piouls were shipped from the French be incorrect, helped to relieve the market Monmanih" at Happy Valley, tomorrow, 31,882 leons, and employing on an average the latter are suffering considerable lceses. To port, whereas last year the total shipments were somewhat, and so did the rumours of an (Thursday), H. Kew; E. F. Ansoit and about 100,000 heads daily. Fears word aggravate the unfavourable conditions of the 16,942,000 pleals, 7,079,100 of which came to impending rise in the import duty of the. L. Garrett; J. Hall, E. Humphreys and
purchase from Messrs. Vickers, Sons,- and entertained about this time of a serious trade heary doods in Linian destroyed largu Hongkong, while Swatow took 580,400 pionis, Philippines. During the month of January A. Gregory W. II. Williams, B. E. Turnes, muniqué to the Press, justifying the scheme Masim, at a cost of £10,000, of plans for two relapse consequent on the prevalent depression quantities of straw and wrought great have Tientein, 308,200; Foschow, 67,700; Shanghai last year time chartering was limited, but 0. Enger, C. Humphreys and J. Moad, Kick submitted to the Council of Ministere, for the Next Saturday the Club are playing the battleships of 2,000 tons. The vessels are to be construoted in Tussian Tards by Russian of the trade throughout the world, But in some of the factories. Good Matting straw 780,00; Ningpo, 97,000, the Philippines, over February opened strong with a large demand off. 4.30 p.m. the opportune boom in American cotton dish's consequently been scarce, furthermore the 1,500,000, and Japan about the same quantity, for tonnage From Saigon to Hongkong, Canton,
workmen, ander the supervision of British eng do not
The £400,000 are to be forfeited if pelled them and there was an influx of orders hempstrings used as warps are very dear and The Saigon dealers, owing to the recent fall In Amor, Swatow, Fooohow, Ningpo, Shanghal, "Middlesor" Regiment. '
attain a speed | of twenty-one from Manchester and Europe. Then a con- manufacturers now havo to quote prices which exchange, have been enabled to quets lower Tientsin and Japan, and charterers began to sidorable quantity of superior grades of No. 108 are almost beyond the reson of buyers; and yet prices, and thus the year oloses with bright realise that the market was bound to improve owing to the limited number of steamers
The Glasy to aud 201, lying negfested in the local market the quality of Matting on an average needs prospects for the trade. The latest reports available, and to the heavy export expected from Mail, left Singapore on Monday, the 80th witrum ured that Mosers Beardmors and Co., of were reshipped to Bombay, where Europes improvement. There some to be but little show obartores settled at Saigon for 143,000
The Apoar zir, Japan from Calcutta left Glasgow, have concluded a contract with the Spanish Government for the construction of bayers puroussed them at a large advance on chance for a change for the better in the near piculs to Hongkong and 67,000 to Singapore. Sugon to fill urgent requirements. The usati st 9 pm for this port vis Saigon. the prices ruling locally. The year closed with fatare. The demand from markets is very slack The Gorman steamers Anghin and Wongko!" duluess which prevails about Chinese New
£7,000,000 sterling. On being communtested a little better inquiry in the local market, but as a consequence of the strained faszolal can scoured charters for Hongkong at 12 cents Year was last year broken by numerous fix Singapore on Sunday, the 29th ult, afternoon, battleships and graisers involving an outlay of
tures, and during the month of February the and may he expected bere to-morrow.
The N.G.1. str. Capryleft Singapore for this
a position to make any statement on the subjack- only small sales are reported, danlore having ditions in varions, countrier, especially the and 19 cents per pieni respectively for 86,000 market was very active, so that no steamers port on the alat ult,, and may be expected here) Wib, Mestri, Beardmore said they were not in ·
on on or about the 7th inst. piouls each; the British steamer Telemachun settled for 36,000 piouls at 10 conta and the were laid up for want of employment. British steamer "Derwent" $5,000 at 8 sents.
ast their effore far too low to lead to any garal business.
United States of America, where the balk of the China Motting production it exported.
the
LATEST STEAMER MOVEMENTS.
The M.M. str. Yarra with the next French
knots.
to Esoring News, saten bbat it is
or to confirm the rumour.