July 18, 1895.]
SHANGHAI, 11th July.--(From Mr. G. W. Noel's report.)-The market has continued in an exceed- ingly quiet state throughout the interval, mainly owing to the uncertainty regarding the move. ments of exchange, although it has shown very little variation one way or the other. The spell of activity has been broken, however, and for imme- diate requirements the dealers doubtless find they have sufficient in hand to go on with, without burdening themselves with goods which might possibly be obtainable on much better terms by waiting a week or two. The Tientsin merchants have certainly decided to pursue this policy, and are not urging the execution of the orders sent down at the commencement of the month, but meanwhile former purchases are going into con- sumption satisfactorily there, though perhaps their sale may have been hastened somewhat by slight concessions in prices. Supplies are being sent forward to Newchwang by the natives very gradually; the results, however, have been so good of the first shipments that several trial parcels are likely to go up by the next opportunity, and it is said that remittances are also being made in Piece Goods and Yarn. The river trade is quiet, freshets and other little troubles that usually interrupt the even tenour of its way during the summer months having already commenced, and the alackened demand in that quarter is probably inducing the northern buyers to expect a weaker market here. The few settlements reported do not afford much guide as to the position of the market, most of the transactions this week being in indents for the autumn and spring trade, but these show a considerable falling off. Weaker prices have prevailed at auction for most goods. There is no particular news from Manchester, the market keeping steady as a rule, while Bradford remains firm. The Local Cotton Industry.-Although the prospectus has not been issued yet, a company
is on the point of being floated on much the same lines as regards capital as the "Ewo Mill" men- tioned last week, but to run 40,000 spindles. It is also said that one or two mills will be erected here in the near future by Japanese capitalists.
Metals (From Mr. Alex. Bielfeld's report) 12th July:Lead.-A very small business has been done at quotations, and that is decreasing in volume. The tendency is downward. 50 tons Enthoven is reported as settled by wire. Iron.- Very low quotations for Nailrods meet with little response, and the only sales reported are two of 50 tons each Solier's Exp., at 102/ c.i.f. Tio Plates. At auction Tls. 3.60 has been offered, but refused. Stocks are heavy, some 10,000 boxes being here now. 30 cases Yellow Metal have been contracted for on private terms. Pig Iron.- Stocks are heavy, large imports having con- tinued as result of orders during the war, whilst demand fell off with the conclusion of peace."
.
JOINT STOCK SHARES. HONGKONG, 17th July-Business in all the chief stocks has been nearly at a standstill during the week under review and with the ex- ception of a few Mining and Miscellaneous transactions we have nothing to report. Market closes dull.
BANKS.Hongkong and Shanghais have ruled weak, and the rate in the early part of the week suddenly fell from 186 to 180 per cent. prem., at which latter rate a small parcel cbanged hands; the rates for August and September have fallen proportionately, but we have no time business to report. Market closes with sellers at $180. Latest London quotation is £43 103. Nationals have further declined without business to $27.
MARINE INSURANCES. Cautons are enquired for at 165 without finding sellers. Unions after small sales at $165 are in demand at $1674. China Traders have changed hands at $69, $693, and $70, closing with sellers at $694, at which rate shares have been pretty freely offered during the week. FIRE INSURANCES-Hongkongs have further improved their position and after sales at $205, $2071, $210, and $215 close steady, but with a few shares offering at latter rate. Chinas have receded a point without sales and are offering at $83.
CHINA OVERLAND TRADE REPORT.
ON
MINING. Punjoms have somewhat recovered |ON CALCUTTA.-. and a fair number of shares have changed bands at $1 80, $4.90, and $5, market closing steady. Charbonnages have been enquired for at $107 to $110, but no shares seem forthcoming. Bal- morals have ruled steady at $5 90 and have changed hands at that rate; a sale is also reported at $6. Other Mining stock has ruled neglected.
SHIPPING. Hongkong. Canton and Macaos--- A fair number of shares have changed hands at $32 and $314, closing steady at latter rate. Indo-Chinas have been, enquired for at $47 ex div., but holders are asking $48, and we have heard of no sales. Douglas's have again chaug- ed hands at $50 and more shares are wanted at the rate. China and Manilas have improved a point.
REFINERIES-China Sugars are reported to be enquired for at $104. Luzons continue neglected,
MISCELLANEOUS.-Hongkong and Whampoa Docks have shown signs of weakness and sellers being unable to obtain 105 per cent. prem., freely offered shares at 104; an offer of 103 would doubtless find shares. Kowloon Wharfs have been again dealt in at $41, Lands at $59, and Ices at the increased rate of $34. Watsons with buyers at $94 and no sellers have found pur- chasers at the increased rate of $10 and close steady at that.
Closing quotations are as follow :-
COMPANY.
Banks-
Hongkong & S’hai. China & Japan, prf.
Do. Do..
ordina deferred
PAID UP.
Natl. Bank of Chin
B. Shares...... Foun. Shares.. Bell's Asbestos E. A Brown & Co., H. G. Campbell, Moore& Co. Chinese Loan '86 E.. Th. China Sugar
Dakin,Cruicks'k&Co. Fenwick & Co., Geo. Dairy Farm Co.
Green Island Cement H. Brick & Cement. Hongkong & C. Gas. H. & C. Bakery
H. H. L. Tramways. Hongkong Electric.
Hongkong Ice... Hongkong Hotel....
H. & K. Wharf & G. H. & W. Dock. Hongkong Rope.....
Insurances-
}
Canton... China Fire China Traders' Hongkong Fire North-China Straits Union Land & Building-
Yangtsze
H. Land Investm' Humphreys Estate Kowloon Land & B. West Point Buildg. Luzon Sugar Mining-
Charbonnages Jelebu New Balmoral. Punjom
Do. (Preference Raubs
Steamship Coys.—
China & Manila
QUOTATIONS
Telegraphic Transfer
1951
Bank, on demand.
1954
SHANGHAI
Banks, at sight..
.714
ON YOKOHAMA.-
Private, 30 day's sight
723
par.
4% pm.
On demand ON MANILA.—
On demand ON SINGAPORE.
On demand
SOVEREIGNS, Bank's Baying Rato... GOLD LE&F. 100 fine, per tael
TONNAGE.
par
$9:14
47.30
HONGKONG, 17th July.--The volume of business, in the way of charters, transacted during the past fortnight shows a slight increase on previous report;. at the close, however, there is but little demand in any direction and ratés all round show a decline.
the bar.
From Saigon to Hongkong the rate is nominally 10 cents per picul without any enquiry, and the same $125 180 p. ct.
remark may be made with regard to rates from Bang- pu., sales nom nal & sellers kok, which are 10 cents outside and 15 cents inside From Newchwang to Swatow a large carrier was fixed during the early part of the fortnight at 26 cents, but there is now no demand at oven this low figure.
£1
nominal
£
nominal
£8
$27, sellers
£1
n minal
15s. $10, sellers $50 $11, sellers $12
250 | 2 p. ct. pm. $100 $104, buyers
$51 $1 $10 $7 $25 $15 $0 $10, buyers $12.5074, ellers
$5 $36
£10 $125, sellers
$8 $4 85, s. les & buyers $100 $70, buyers $50 8, sellers
$25 $84, sales & buyers $50 141, sales & sellers $50 $125, sales & buyers $125 103 p. et prom.
$50
$25
165, buyers
$20 $83, ellers
$69, sales & sellers $50 $215, sales & sellers 4.5 Tls. 1924, sellers $4019, sal s $45 $167, buyers $60 95, sales &
ellers
$50 $591, sales & sellers $10 8
$30 $10, s llers $40 $181, ellers $100! $45
Fes. 500 $107), buyers $5 $3 30, sellers
$3 $6, sales $34 | 85, sales
$1$1.50, sales 138. 10d. $4.25, sollers
$50 $56, buyers
£5 £2.11.6 $50 $50, sales & buyers $20 $313, sales & sellers £10 $47, ex div. $371 $371, buyers
hiina Shippers... Douglas S. S. Co.. H., Canton, & M.. Indo-China S. N... Wichai Wareh'se Co Watson & Co., A. S... $109, sales & buyers
CHATER & VERNON, Share Brokers,
ON
WEDNESDAY, 17th July. CLOSING QUOTATIONS.
EXCHANGE.
LONDON.--
Telegraphic Transfer
Bank Bills, on demand..
Bank Bills, at 30 day's sight
2:11 2/17
Bank Bills, at 4 months' sight ...2/2 Credits, at 4 months' sight.......2/21 Documentary Bills,4 months' sight 2/2 PARIS.-
ON
Bank Bills, on demand..
.2.70
Credits, at 4 months' sight
..2.76
ON
GERMANY-
On Demand
.2.18
ON
NEW YORK
Banks Bills, on demand..
521
Credits, 60 day's sight..
.53%
ON
BOMBAY.—
Telegraphic Transfer
195
Bank, on demand
....195
Japan coal freights are also on the decline, two fixtures being reported at $1.65 per ton to Hongkong, while to Singapore nothing better than $2 per ton can be obtained at present..
Henco to New York the rate for sailing tonniago has weakened considerably and 178. 6d. per ton of 4) onbic feet is the best that can be quoted.
There are two vessels disengaged in port, register- ing 4,699 tons.
The following are the settlements :-
Lina-German barque, 461 tons, Hongkong to Cal- lao, £800 in full.
Kitty-British barque, 803 tons, Hongkong to Tam- sui (oil), 12 cents per case; Tientsin to Hongkong (bones), 45 cents per pical.
Galveston-German barque, 619 tons, Tientsin to Hongkong (bones), 50 cents per picul.
Bittern-British barque, 399 tons, Mantung to Sin- gapore, $1,000 in full.
Wieland-Germau steamer, 2,358 tons, two ports Philippines to London and Liverpool, pt.
Annandale-British steamer, 2,588 tons, Hongkong to Kobe and Yokohama, $5,500 in full.
Kweiyang-British steamer, 1,063 tons, Nowchwang to Canton, 29 cents per picul.
Tailee-German steamer, 939 tous, Newchwang to Canton, 29 cents per picul.
Peiyang German steamer, Newchwang to Canton, 28 cents per picul.
Cassius-German steamer, 1,600 tons, Newchwang to Canton, 26 cents per pical.
Lübeck-German steamer, 1,078 tons, Saigon to Hongkong, 13 cents per picul.
Tritos-German steamer, 1,311 tons, Saigon to Hongkong, 10 cents per picul.
Holstein-Gorman steamer, 1,103 tons, Saigon to Hongkong, 11 cents per picul.
Wieland--German steamer, 2,358 tous, Karatzu to Manila, $2.50 per ton.
Argyll British steamer, 1,586 tons, Moji to Hong- kong, $1.80 per ton.
Fram-Norwegian steamer, 1,408 tous, Moji to Hongkong, $1,65 per ton.
Taurus-Norwegian steamer, 1,031 tons, Moji to Hongkong, $1.65 per ton.
Fidelio German steamer, 853 tons, monthly, months, $5,000 per month,
Nanking Norwegian steamer, 844 tons, monthly, 4 months, $5,500 per month.
Comopolit-German steamer, 674 tons, monthly, 6 months, $4,600 per month.
Tritos-German steamer, 1,341 tons, monthly, 3. months, $5,500 per month.
VESSELS ON THE BERTH.
For LONDON.-Japan (str.), Glenesk (str), Telamon (str.), Ningchow (str.).
For HAMBURG.--Glamorganshire (str.), Bullmouth
(atr.).
For BRIMEN.-Bayern (str.).
For MARSEILLES.-Saghalien (str.).
For VANCOUVER.-Empress of Japan (str.).
For VICTORIA, B.C.-Tacoma (str.),
For SAN FRANCISCO.-Lyndhurst, Alcedo, Belgic, (str.), Peru (str.).
For PORTLAND.-Chittagong (str.), -
For New YOBX.-George F. Manson Belmont Fohng Suey, Siam, Fort Stuart, Merionethshirs (str.)'
SHIPPING
ARRIVALS AND DeparturES SINCE LAST MAIL
July-
HONGKONG. ARRIVALS.
10, Peiyang, German str., from Canton. 10, Braemar, British str., from Moji. 10. Activ, Danish-str., from Pakhoi. 10, Airlie, British str., from Sydney. 10, Lyderhorn, Norw. str., from Japan.
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