NER
MUTTER CHEUSETA
Images from 7 30g, upwards, at
EDW HALL van Beber hourly expected,
UCTION
will sell by Public Auc
nday the 20th Instant, I o'clock House, Queen's Rord, a portion
Redhat is, of Mr M. GABRI
The Card do, Side and and Sofia, Slideboards, Chef Din care, Pedestal and Hanging
her Bed Washandstands, Landloacks with shades,
bekery warg Glass ware, Ward. Lounging Chairs Kitchen Fenders and Fire Trous, a parler Chair Table and Red Linnen, Clothing, Plate, Jewellery Wines and Beer i Wood god Baule, a few live stock, de,, Scc.,
And one of Thorsice' best slate Billiard Tables with sarem logs, Prol board. Cues and Balls con- plate, well known to this community.
TERMS OF SALE:-Caah, actors, 20th March 1847-
NOTICE.
THE ubers beg leave to give notice to the izens of Hongkong and Chaton, that in ad- ide to AjpgXITHING in all its branches, they have on armourer, a Fell honger, &c.,&c., all or- ders shall be punotusily attended to.
THE FRIEND OF CHINA AND HONGKONG GAZETTE.
roggerated platement
per
We have the fullest confidence in the foregoing, done, the full prices have been conceded, except and believe it is the opposite of an overcharge or the isolated cases to which we have referred. 78 e condition of Manu- | Printers are firmless held, and the prices we quote cturers engaged in the bearer fabrics, as Dames are those at which sales were inst affected; the úcs, Lora Cluthu, ¿zo, muy be even much worse.makers are now demanding higher prices, and re We bare i clath before a 30 inox Domestic, 65 for those we have quoted. The stucks of these yards long, and weighing 18/6 Bos. It is of good goods ard moderately plentiful in the linnds of ina- staple and uniform make, in fast a standard fabric. kers, but bear no comparison to the large, stocks In June, when fair Boweds ware
were wogh dad per jb, which used to be held in first and second this. Lee in begs of 5 lbs cachinnt the cost of the cotton for a piece might he (in 36-Inch Shirtings & Printing Cloths continue in ching waste) Ta Gd, we paid 21d per yard for this moderate demand, and are moved off in small quan- fabric, or 1s Sd per piece of no yards, leaving Es tities at advanced rates where stocks must be re- Di per piece for spinning, wearing, charges and planished. Those goods have been seumulating. profit now that the samo description of Cetion but short timg" is in process of correcting this costs 74 per lb, and with waste would be 18 80 per tendency. 40-Inch G. E. India Long Cloths have piece, we have bought the fabric at 22d per yard, hath rather neglected, but as the production has or 15s 7d per piece of fi5 yards, loving for spinting, bean much curtailed the stocks are not heavy, nied weaving, charges, and profit, the reduced margin the holders evines no desposition to take lower cakes of only 3s 100, instead of 6s 100. Nono, no wages, tharare demanded, Jaccones and Tanjids are only and the fixed charges on the mill machinery, &c., in limited demand, but as there are only fow mak remain the same, it is evidam that the item of pro-ing the advanced prices are firm. G. 1, Cambrica, it must be seriously invaded or overturmoil. As in maat case, many yet be bought at old ralos, but suming the profit in the former case to have been in expectancy of demand for Ametion, we have ok. 10 per cent, it is apparent that at the present this. served that manufacturers are beginning to ask ad- parity of cost and selling price, there must now be pancod prices. Tható have been some moderately a loss to the Mngiufacturer of at least 10 per cent heavy purchases of Domestics and Stout Long Cloths on his production--a condition of things which made in anticipation of higher prices ruling for those cannot continue. It la true that there are many goods, the which have given more firmness to the manufacturers who were fortunate enough to lay tons of holders, but the extreme rates my asked, in large stocks of cintor whilst the staple wie lese although quite unremunerative to manufacturers, dear, and parties so situated, by mixing their stock are just at prosent checking operations.
VARY MARKET. According to the anticipations with the cotton bought at present rates, can reduce the average cost, and if they can realize present we expressed in our last circular, the transactions quotations for yarns or goods, may continue to pro- in the Twist Market have been exceedingly limited. duce without loss, but every week's production ex- Purchases for the North of Europe were closed ra. hausts their stock of cheap cotton, and bringe them ther earlier this season, but many contracts for the nearer to the time when they will be aimilarly si. German Matket were kept open to the Intest mo uated to the great bulk of our manufacturers, who ment, to be forwarded by steamer, in order to be en have not a week's supply before hand. Amongst tered before the increased duty of three thalers the latter are several of the very largest consumers, centner came into operation on the 1st proximo. from whom we have personally received this infor- There has been little doing for the fadian or Medi mation. We have adverted to these facts to show terranean Markete, and we therefore belteve, D2+ EMERY & FRAZAR. The basis on which we rest our belief that high withstanding the steady ration of production Hongkong, 1st February 1847.
prices must continge to rain for some time, notwith-that stocks have begun to accumulate in the bends standing the present condition of our market in re, of Spinners, who, notwithstanding are extremely COMERCIAL INTELLIGENCE.
gard to the natural arbiters of prices-supply and firm at our quotations. The prices at present rub No. 32, Charlotte Street, Mosley Street, demand. Doubtless if there ball been no interfering, however, are not remunerative. The cost of Manchester, December 31st, 1846, rence in cotton by capitalists, owing to the paralized No. 40's. Common Mule, India quality may be condition of demand for manufactures for most fo- safely calculated, at the present price of Cotion, $1 SIR-The depression of this Market to which ra advented in our last Trade Report has continued reign markets, as well as freland and the home traded; the price asked is 100, whilst the price bil is Anthered to the present. Although the business generally, the prices of goods would have had only 02d; the cost of No, 20's. Good Becaud Water, The transacted, as a whole, has been very limited, yet tendency to drop to the lowest point, it having may be taken at 94, the price asked in f
been for some time evident the production has ex- price bid, 83d per lb. Unless Cotton declined an pur quotations of prices, in some cases, exhibit a
ceeded the damand. very large advance on the rates previously current,
As it is, howover, the vastly terially, higlier prices must rule for Yorre Dou This anomous condition of things is the result en- disproportionale rates of cotton have forced up the bed Yarns are in very fair enquiry for No. 70's. tirely of the speculation in Cotton at Liverpool, prices of manufactures, and the same cause will upwards, and Cops are in slightly improv which, since the date of our last issue, has been con compel maufacturers, however reluctant, to forego but the advance is not nearly equivalent docted on é most extraordinary scale: in the three their desire of working their machinery during the aveeka ended the 18th December, no less than longest term allowed by law,-the same catise will 207,702 bags having changed hands on speculation compel them to adopt the only alternative that can account alone, and in the same time, prices were sustain them against loss, viz., to limit production advanced i per lb on the previous high rates. It by short time," until demand be equivalent to sup a naifeel that Spinners and Manufacturers could ply. Already this policy is being extensively, act- pot sustain this continually advancing cost of their cd upon, and as it now appears to be beyond doubt productions, without some upward movement being that the value of collon will be sustained for soine made in the value of manufactures, and they accord time, and as it is reasonable to expect that the en- ingly withheld their stocks, or refused contracts ex- hanced prices of Goods will also tend to check con- pept for higher prices; but notwithstanding the firm-sumption still more, it seems highly probable that pets which their necessities rendered imperative, the advances on fabrics are not yet equivalent to the enhanced chet of the raw material. As a simple il- Jestration of the unenviable position of Manufac purers at the present instant, we subjoin the actual result of the working of une nill, which may be taken as exhibiting a fair specimen of the position of the manufacturing interests of this locality, is necessary that we should premise that this state- ment was prepared for the private satisfaction of the proprietore, and to determine them whether it was Expedient that they show conform to the propusi. FOB of working short time," or otherwise. Its accuracy is touched for with the soleum pledge of ponor of the gentleman, rhose character for inte- grity, and moderation of statement, is unimpoach. „able, and its contradiction, by practical men, is can- didly challenged. The mill in question is modern, and fired up with the newest machinery, is whole management is conducted on the best and most economical principle, and the proprietors are for from being stinted for capital. The estimate is made at the rate of 7id for Drieans Colton, the price now peing past for the description of staple used, and the pages charges, &c., are calculated at the average rate of the last three years. It is quite certain from this statement, that either prices of Goods must yet advance considerably on present quotations, or the rates of the raw staple nust recede greatly, or that nangfacturing willprove ruinous to those who can
pot speedily withdraw from it.
30]G. E. Fine Indin Twills 31210, 1
10 G. E. Figured Cambrics 9760 40 90 10 10 10 6 02. 01, 260) 283-736
971792110 12 14 14 30-51-260
40. E. India Long Cloths 37153 12 70
In Wille
Length
Reed
Weight Cost Sold at
Frida
t
"short time" will becan general. It will be seen that the prices now ring, although firmaly beld, are at present artificial, and are quite dependent on the forture of Cotton. As soon as this maskot be comes moderately clear of stock, they will rest on a sounder basis. flow long cotion will continue to rule at its present valur, is an interesting and im- portant subject of speculation. Although nothing|| has yet transpired to convince us that we were wrong in calculating on a full crop equal to, at least, and probably more than, last year's yield, yet we have little doubt that the present speculation, al though proceeding on the opposite calculation, will be supported for some time, owing to the almost in evitable lateness of the arrivals of new supplies in ibis country arising out of the scarcity of the means of inland transit from the interior, and of shipping at to Ports, occasioned by the demand for the ex- port of bread stuffs, and the consequent high rates of freight: The stock held at the Ports of Great Britain at this time are reported as much less than half that held last year, and the rate of comsuption has vastly augmented, Calculating on the short yield of the new crop, on the bareness of supply in the hands of continental holders, and on our en larged consumption, terd is a colorable ground for expecting the maintenance of extremo rates through. out the year, We are not, however, yet disposed to place implieit faith in two items of this calcula tion, viz., the deficient crop, and the estimated con sumption of 32,000 bags per week. We see, at present, no prospect of that extensive revival of trade to warrant the latter calculation, and the high prices expected to be realized are not likely to enlarge consumption; and on the other hand we have rea- son to believe that an aqusual breadth of tand was sown for cotton last year, that on the whole a favor. able season bas accompanied the plant to maturity, and that the ravages of the army worm have been confined to a comparately shall section of the cotton region, and even there the destruction has not been so great (though large) as represented. We should not be surprised if the yield proved to be 2,200,000 instead of 1,980,000 na repented. The stock held there, however is reduced to a mariage- able compass, and doubtless ill be held at high
rates until March.or
spuld not, at present carry
manufacturers ab
lew neither they
aplapse, if the calqu
beliore mide
Exports,
LION.
stocks om the xplode
|
B
de
BARDFORD MARKET Fonts et 11 may mer rates, and without prospect of their being for some time to come. In Yarns there has been good deal doing during the month at the old rates, and buyers have been anxious to make contraris for future delivery; but as the prices offered to sellers afford no temptation, they refuse, generally, to enter into them except for very limited quantities and for immediate delivery. For Alpacca Yarn mand has been very much increased, and on there an adrance of 4d per lb has been realized Mohair Yarn, which has been a long time neglected, is now particularly sought after lor three or four desunn tions and as this Wool only comes forward very sparingly, an important rise in the price is estab- lished for present and future delivery. Best 36% single, worth 14e a month ago, are now al usa per grass, and eagerly secured at this price. Perce Goods are in better demand, and transactions hore increased during the month Considerable lot Lastings have changed hande, while manufactursik, ask an advance of la per piece on former Plain Orleans are light in stock, un require to be ordered at a slight ad amount of business is being done in Si and similar fancy articles, ate the bulk being for America general opinion prices hay present appearances nuguramo
ment.
their con
services
Earnestly thanking our correspond past favours, we avail of the comm New Year to request a continuance filence, and with pur zealous and thithful
We remain Bir Your obedient and faithful servants,
FERGUSON & TAYLOR
evoc at their command,
From the Penang Gazette March 6. EASTERN IMPORTS Grain.
arrivals of cargo Rice from the Arracan Coast bave been sold at $43 por coyan nod prices appear to be going down. A fresh import of Bangal Wheel would command our grotamons. A small lot of Gram usually as enlilé,
OPUK →Benares
is again vers dull and it may now be quoted al 9570 to $590,-
For the information of our mercantile readers we subjoin à list of the several sales with quantities a dates of sale
Benares Total
1690 1600
716
2105
715
2405
1600 715
2405
1000
1800
2405
168.5
0109
1900 1847-894 Patna 22nd February 22nd March 19th April 17th May 14th June 12th July
4610183 chay 98 ch.14,433 cbs.
The market e quet train in produce, and fransactions "both in Tin and Pepper during thể ere, week have been trifling,
EXPORTS
IN Betelnul This article will begin to come to market again about the latter and of May, Ad- vices from Bengal quote ut rupees, and from China $3
Pep Black We
name Pelli 3.70 3,30
Ben White
|
(From the Singapore Pire Press, Lh March j
EASTERN ARTICLES.
Acrack, Batavin.--Continuos in good desnud for local consumption and exportation. Sates Das 1-per-half longs.
Alemi in deinend at present an importa
by the Junks remain ausold.
Boca Wax-The demand continues fair at Des 92 a 3a for good clean. A lot of 24 piculs froas Soolon sold by by Auction at Din 241⁄2 per picut.
Betelnut The only lut imported consists of about 700 piculs for which Des 2 por pical has been offeredtesterik is for a
Cléves.---A small lot of 80 piculs has been seld at Drs. 174 per pitculion zast^2.
Cubeba,+Continuo in good inquiry for ship- ment to India, Importa taiting.
I
Chiam Root.--Only saleable in small lats at about quotations
Camphor, China The by the Junks
up to this time are only 140 picule which are effunt at Des 122 par picŭl; there is however no domnud at present. No arrivale, from Ferrosa
Cubai-Imports of 1700 pls in limited demand selling in small lots at Dre Piper picul, || Collge. —The imports of fate live been trifling, A small lot of Campar has buen purchased at Dra 3 per ficut.
Cotton.Inquired for by the Junks and as the stocks are small holders are asking rather high bates Sples of 840 bales Tianavelly at Drs 20 per bialog
—
Cotton Goods. Bengal, & Madras Piece Goods, Quite neglected.
A Chinn Nankin -The Imports by Junka who inquity The guinity reported to be rempin without
better than usual.
Catch, Pegu.—Without supa jas and wanted. Ebony, Ceylon --langhed for by the Junk tro- Here, The First supplies will Belt rendily.
* Wanted Turguipment to En Elepha gland and China
Gambier Stocks accumulating for shipesent
wanted
ously stated
contracts have inade e-renorted. 1200
At last Month, arrivals pica bud the article in Marled to Crent 1st December, 1816, 0174 picns og Urerland Price Cur
from Sahang and the East 30 to 6. End from Sambas
ies from Stim and Cochin-
€ 50 a 55 për picul.
spullités, soliable for the bay Makerts continuera to be common für The trades to the Opast at Drs 10 à 12 per pient. A it of 15 piculs from Sejnera of secont quilte sold at Drs 65 per picul.
Hules and Horne, Buffalo A steady demand exists and supplies sell readily at quotations.
Molher o Pearl Shells.-A lot of 400 picuis from Soulco sold by Auction at Drs 124 o 14-85
per picul. The article is in good deniand,
ace & Nimega - Of the best quality general. and by the visors; a few soul
lots of Mace have been sold at about quotations
too have been
pected absence of sp.
price took place
in the last few days dainam have caused u
his been far from active otia no sales have he
wing to gall at Höllers werewold to the Par
5676, since rderound for Native Questor Iwo at a time fbout 000 pls. Spotter or Benures at 90 pls per
Touch anxiety to loss ban the
zeli bix are ready, tu lake Bre current rates for a good quantity No inquiry for Malyn, Turkey been nnd continues in de mand for the Inva and Sumatra traders and thics of about 80 cheats at Dollars 400 per picul.
Pepper, Black. Has been in good demand.dur- ing the Month-Olenu and dry Singapore sollino at Dm, 3.70 a 9.80 And clean and dry Borneg at Br.. 3.75 per picul. Wliko wanted. Long- no supplies,
Rice. Of good quality is still avanted for the Durope Market. No Supplies from the Eastward a better Market offering 10 Batarin. Good Arra- pan d: Conhio-China may be quoted at Drs. 50 a 01, inferior Arracanidins bens eold lower-say from Dru. 44 49 per coyang mere
Rattaus. —As the supplies are not greater than the demand pregent quotations are firm.
· Bago, Reori, — Sales have been made at Dollars 8.00 76 per picul, according to quality, and without Cusc o Flour not offering for sale the weather prayenting it being made,,, ~agor. —The supplies by the Cochin-Chinese smvogting to about 19,000 ply have been sold at Drs per pical Cash and half Evils. Swall intss routine in a flare sel
alland Market overstoked. Dollars 6 we40 per picul,
Sales N at Dis. 10 and Also damaged by Auction of Drs. 81 and tifelatter at Dollars
Iss beer in some demand for Javn HP of expplies, by the Junts ob thest achouding to quality.
rwmuch wanted,
Pure returer for the Indion
bo1 of 20 cutties.
st Bemund during the hug at Da 191 201 per
it three days ago t
mport from Sooloo has
Borker du alors Carr, Lof: China and Hongkong nting Office, GoLON STKRET
VICTORIA, HONGKONG, 1847,
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