1914-12-31 — Page 5

TRADE IN 1914.

HOW BUSINESS HAS BEEN IN THE COLONY.

THE HONGKONG TELEGRAPH, THURSDAY, DECEMBER 31, 1914.

Freight.

During 1914, rates of freight on the Coast were well above the average, particularly from Aug- ust to the end of the year, and owners have made handsome pro- fits. At the commencement of

DAIRY FARM

OUR

NEWS.

hostilities, there was a scarcity FARMER HAMS & BACON

of tonnage, owing to a number of the regular liners having been taken up as transports and to the Gaiman ateamers being obliged

to go off their regular runs, and some record rates were paid. In

CANNOT BE EXCELLED.

READ THESE:

THE STAR

THE COURIER.

September, trade was not so good, "At the Royal Show to-day

as Chinese bad difficulty in Mr. George Farmer, the well- For many years past, Mr. financing their cargo, and rates known ham and bacon curer of George Farmer, of Ballarat, has

WAR, CURRENCY PROBLEMS AND UNREST IN THE consequently declined, but were Eureka Street, Ballarat East, been a prominent prize-taker at

SOUTH HAVE A MARKED EFFECT.

The Sil Market.

10

.

aill sufficiently high to enable followed up his previous numer- the leading shows of the Com owners to run at a good proficus aud record breaking successes monwealth, and his list of suc- at former shows in Melbourne cesses is now a very lengthy and From Saigon to Hongkong, the and Sydney by gaining first and meritorious one. At the Royal average rate for the year was champion prizes for bacon and Show which was opened in Mel about 180., from Bingkuk to first and champion prizes for bourne to-day he was again to Bougkong, 32/250., Newchwang hems, thus pronouncing him the fore, securing first and to Canton, 30c., Moji to Hong without doubt Champion of the champion prizes for bacon and

Commonwealth.". kong, $1.90.

first and champion for hams."

The outlook for the coming year is bright, the rice crops in Indo-China and Siam being good,

1913.

IF YOU WANT TO CET THE BEST COME TO US.

1914.

The restriction imposed by the with less tonnage on the coast. to regulate the prices from time November a decline of fully 25 Bolow we give a resume of trade conditions during the year Onton Government aguinat im- During the winter months a num-to time, and to fix the date of per cert, was recorded.. It is Which Closes to-day, touching on przting silver currency into the ber of Japanese steamere will delivery, was reckoned as the best therefore impossible for the for employment, factor for the raling of the dealers to meet such fearful the principal lines of business country, districts being with come sonth With which the Colony is concern drawn, filature owners become which will weaken the market, market. The importation bas al- losses and fulfil their obligations. The importers having "thus to ed. It will be observed that the more confident as to the future, but rates should improve after together stopped, and before the

campleto abolition of this trade bear almoat in its entirety the year has been far from a good one, manifesting a greater desire to March,

Opium, Yarn and Cotton. from China, importers have he burden accruing to the trade, it mainly due to the chuos brought entertain fresh business.

Mesere. S. D. Batas and Co's opportunity of quitting their is satisfactory to note that the The ending of the first six about by the world war, while

WAN marked by the yourly market report states;- boldings. The following is the majority of them are powerfa! currency problems in South Ubins months

Opiam:-The current year comparison of Business transact financial houses, well able to atsad and recent, unrest have also been, disastrous floods in the Canton

efected, and the strain imposed upon them and factore operating against trade in Delta, inundating the silk-pro- shows a very big advance ined, clearances

ducing districts and chusing great prices. The formation of an opium fluctuati ne in prices, during the to hold their stocks, otherwise a serious crisis of far-reaching 'practically all its brauches.

bavoc among the mulberry trees, combine amongst the importers years 1913 and 1914--

consequences could hardly have Business during July was much

been averied. restricted, dealers being unwilling The year 11 opened with a

Clearan-At the moment of writing, good contina. demand for to sell owing to the seriously re-

$ cosCheste. prices seem to have somewhat Europe and Am rica-chiefly for duced yield of silk, caused by the

49 5975/9325 80 allied and firmer feeling the former-anu very high prices fonds. Foreign markets gradual:

798 pervades the market. were paid for best grades of silk ly beginning to realise this, and in Lyons descriptions. The with excellent trade prospe ct- eeproially with America-higher visible supply of old silk at the

of January

range of prices way established. beginning estimated at 5,000 to 5,000 bales. With the sudden outbreak of the

The usual stagnent period was European War, the market became Total about witnessed during Ohink New totally demoralised, the chief Year. Prices which had pre-feature being the cancellation of viously assumed a higher level- eased off early in February (due to early overtures prevailing for new silk), and America oponad the market for this commodity to

many contracts for Europe on the plea of force majeure, which was Rome extent recognised by Chinese dealers.

tn

Pricee;

Old

Opium Biles Pricas Clearan Sales Quality Chesta, $ cen Cheats, Chestr.

283 2268 Patna New... 326 2515/5825 13712800/5850 Benares New 286 2825/5675 Old 208 2060/5875 Malw..... 4002 2000/5080

***

a)

0193

Indian Yarn,

The current year has been the worst in the history of the yarn trade. The absence of demand from the interior, the heavy dis-

No. 8.

Bales 2150

450.

$$

Prices

534 5750 9200

353

71 5800 B050

75

· 328

57 5575/8925

*62

3517.

1503 5550/91501727

6740 2214

Below we appood a compara- tive list of arrivale and sales. which will show that the volume of the yarn trade, from considera- 2000tions of "price and exceptional

ed the market, and the prices conditions, is year by year steadi show a very big drop, of nearly shrinking, being gradually 30 to 40 dollars per bale, Sach elbowed out by Japanese garu, a heavy fall in prices created panic in the market, ent some of the Cuinese yoin dealers had to

Sale Prices, Highest, Lowest

ន

a

The keeping open of the main a large extent, the considerably trade routes and the removal of count in the Chinese subsidiary close their doors. The foll-wing cheaper prices proving a great some of the embargoes placed on coinage, the extreme cheapness of shows the difference in business row cotton in India, and the transacted during the years 1913 temptation. A steady business finance, restored confidence to a was carried on both in old and certain degree, which enabled a fair effect of the war, greatly weaken- and 1914-

the former being business to be done with America new Bilk, gradually exhausted with con- and a small trade with England, tracte for new silk steadily augwhilst Continental demand. wae

cut off. completely menting and early in March settlements of the latter were however, fell away rapidly, result estimated at over 4,000 bales.

ing insevere and inevitable losses, This premature demand for which would doubtless have been new silk was encouraged by good more alarming had not production reports anent the let crop con already been considerably curtail tracte concluded were mostly ined by the aforementioned floods. medium and coarse sizes-chiefly Daring September, filatures whilst Europe begon gradually to close down for America

and some 70 per cent. were participated to a smaller extent.

Daring the "Ching Ming accounted for es having cessed festival and further with the work. intervention of Easter, 'the first

11

TWIT

112 105

· 50 1 45300

fr

1913.

1914

Salos

Counts

Sale Prices. about ligbest Lowest

10s.

123.

169.

20..

50000 24800.

3900 28700

110 110 118 137

148 105 140 151 100

Sales about Balen

475

$

117 117 132 131

78

12750

138 151

78 78 80 88

00

Total 119,400 bales,

77,800 bales.

1014 Clearances in

120

10550 2875

which has made considerable

1913.-Arrivals, 200,000 bales;

2.

headway during the past year.

1914.-Arrivals, 175,000 bales; sales, 125.000 bales. ales, 109,000 balos.

Comparative prices 1913:-- No.. 20, $131/145; No. 10a, $116/126. 1914: - No.

20J, $98/115; No. 10, $80/97.

Deliveries for the year total 165,000 bales.

TO-DAY'S ADVERTISEMENTS,

BANK HOLIDAYS.. ".

THE EXCHANGE BANKS will be closed for the trans- aotion of Public Business on

were At the time of writing little. if FRIDAY and SATURDAY the

бў

Flour,

taken

1st and 2nd proximo. Hongkong, 31st December, 1914..

NIPPON YUŠEN KAISHA. NOTICE TO CONSIGNEES. FROM EUROPE; COLOMBO AND STRAITS.

Ia consequence of the present reported to be about 182,000 any, improvement has quarter ended with quieter war and relative disturbing facbiles, as compared with 210,100 place. market, dealers showing more tors in the commercial world in 1913.

Look Yaro: It is very diffical: With regard to four, the sales cautiousness in view of their generally, business has been very

restricted daring the last months to estimate business transactad at the beginning of the year were already heavy commitments.

Dating the 2nd quarter of the of the year. America is by far during the year 1914, but, as a very dull, and business was onr- year nothing noteworthy bus to be the largest buyer and undoubted as we are informed, it comprised ried on almost from day to day at recorded, the market remaining by the crisis bas helped that about 6,000 bales of No. 108, 12, a loss. But towards the rad of quiet but steady.

centre to a great extent, "Hand and 183. Latterly the machinery the twelve months under coo- The opening of the new cam to mouth" ordera come through was sold to a Shanghai concern,sideration, the market improved THE Company's Steamship

"KAMO MARU," -- paign (Let May) found supplies of from Earc pe periodically and and there will be no more local on account of the rise in prices

occasioned by the outbreak of having arrived from the above old silk completely exhausted thas a moderate daily business is production in the market.

Prices for certain Japanese Yorn-la sympathy war. Nevertheless, businers is ports, Consignees of Cargo are with forward contracts in new carried on.

grades have considerably dropped, with the ladian yarn, and the still bad, on account of the Shang- hereby informed that their Goods while those for current chops are cheapness, in the prices of raw bai flours prevailing in the are being, landed and placed at cotton, prices show a deoline, and interior markets. The prospects their risk in the Hongkong and sales during the current year are for the coming year look favour. Kowloon Wharf and Godown reported of about 27,000 bales, able on account of the war mak. Company's Godowns at Kowloon, comprising about 3,300 bales of ing an advance in the prices of where each consignment will be sorted out mark by mark and delivery can be obtained as soon No. 16a at $149 to $96 per bale, American flour.

as the Goods are landed. and about 23,500 bales of No. 20

Optional goods will be carried at $155 to $103 per bile

Bil aggregating 6,000 baies, moiety of which consisted of U.S. descriptions."

Extra Best 2 Best 3.11-18

well defended.

not quoted.

Deo. 1914. " $780 Nominal

150

760-

850

640 do. 540 do. 830 do.

Comparative values of various grades are as follows:-

Jan. 1914 May 1914.

$1,180 ...:11-13

770 .18-22

700 * 940 Ex Ex A......14 16

The Illowing are the crops (in bales) of last five years: Cropa. First, Seoind. Third, Fourth. Fifth. Sixth, Seventh. Total 1010...5,000 7030 7,030 9,000 9,000 9,030 2,000 48,000 10116,000 4,000 7,000 6,000 7,000 5,000 2,000 37,000 1912...6,000 7,000 4,000 6,000 11,000 6,000 2,000 42,000 10135,500 10,000 12,000 6,000 5,000 8,000 3,500 50,000 19147,000 6,000 10,000 5,000 8,000 0.000 5,000 47,000 This is a very approximate estimate for 1914. It may be much smaller.

Total export figures for the past five years are:

19102 1

To Europe, To America.

34,600

19,520

1911 PAT

21,847

15,241

1912

20314:

13,529

1913

**** *** *** *** *** 48,247 1014

18,786 16,967

Cotton and Yara.. Meesra. Polish lla & Kotwall, Colton: The current year was in reviewing the trade for the on unless Instructions are given reckoned as the dullest on record. year 1914, say—It is again cur to the contrary before NOON, Sales are reported of about 2,500 unpleasant duty, as it was last TO-DAY.

Goods not cleared by the 7th packages at $29 to $20 per picul year to report that during i19

Damaged packages must be left against 6,500 at $30 to $37 per whole course, the year just clos-January, will be subject to rent.

ing bas been most unsatisfactory in the Godowns for examination picul in 1913.

Sandry Articles-In imports alike to importers and dealers.

representatives at an appointed prices show a decline, and a The losses suff red have bron by the Consignees and tie Co.'s moderate business transpired almost unprecedented, certainly hour on Tuesday & Friday. All In exports, low rates of exchange equalling the losses of that never claims must be presented within induced a good business, to-be-forgotten year 1908. In ten days of the steamer's Consequence of this, it now seems arrival hero, after which date Kerosine, Notwithstanding the serions

serious certain that the majority of the they cannot be recognized. No floods which cecurred in the late Chinese dealers will be compelled claims will be admitted after the

goods have left the Godowns.? Spring, there was a general to close down,

NIPPON YUSEN KAISHA

Agents. Hongkong, 31st December, 1914.

increase in consumption of it seems srcely necessary to petroleum and its products for state that the main cause of this the first six months of the year. tate of affairs has been the War..

22,828 Waste Bilk. A good demand existed daring the year, and During the early, months of the prices have been well maintained. Stooks in European Low grades are soonmuluting, bat crack Wastes find a ready sale to America. Export figures (in bales) during the past five years are

Waste Bilk.

Pierced Cocoong,

Europe, America.

1910

20,208

6,370

1911

28,415

7,581

Europe. America, 3,484 943 800 5,161

17:467 8,984

4,966

1.152

1018

28:800

9,830

6,839

935

NOTICE

MACKINTOSH

* Co., Ltd.

MEN'S WBAR SPECIALISTS

Telephone 29. NEWEST STYLES IN READY-TO-WEAR TWEED

SPORTS COATS

FROM $19.50.

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16

FROM $7.50 Por Pair.

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WM.

POWELL. LTD.

TELEPHONE 246.

16

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THE TOP NOTCH" OF SCOTCH.

European hostilities, consequent year, down to Jane, Ithough To all whom it may concern. reduction in exporte, finoressed there had been heavy shrinkage in The undersigned will as from the discount of emall coins and prices, there were ocoasionally ist day of January, 1915, carry on reduced buying power of the fluctuations the other way, which business as Import, Export mer- native, the consumption of might have enabled the dealers to chant and commission agent petroleum products was very adjust their accounts and pull under his own name, having COPYRIGHT. greatly affected; and during the themselves through Since the severed all connections with the

firm of P. Soffietti & Co. lust six months of the year not war broke out, however, prices (8gd) A. GALLOTTI. more than 40 per cent. of anti-foame tumbling town like a Hongkong, 31st December, 1914.

Tel. No, 135, cipated businees was realised house of cards, and by the end of

Whisky

THE DISTILLERS COMPANY,

EDINBURGH.

SOLE AGENTS :

GANDE, PRICE & CO., LTD.,

6. Queen's Road Centr. Hongkong,

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