The-Hong-Kong-Weekly-Press-1896-09-30 — Page 15

September 30, 1896.]

COURSE OF THE HONGKONG OPIUM MARKET.

200* PATNA.

BENARES.

MALWA.

DATES

Now.

Old.

1896. $

$

$

Now. Old. New. Old.

$ $ $

760

1

7573-

Sept. 25 7271

750

7571 757+

Sept. 26 730

750

757

Bept. 27 730 750

7571

Sept. 28 730-

750

760

Sept 22 7271 750 Sept. 23 7271 | 760 Sept. 247271-750

Sept. 29 7321- | 750

760

RICE.

CHINA OVERLAND TRADE REPORT.

public auction the other day, the Pig Iron fetching Tla. 20.60 and for Nailroads Tls. 2.47) was obtained. Tls. 2.10 for Bar Tron and Tls. 2.00 New Angle Iron were offered, but not accepted. There, it is said, cost Tls. 2.45 and Tls. 2,60 respectiv ly. 'Tinplates are locally offered at Tls. 3.75; at a slightly lower figure they could be returned to the 720/730 740/770-market without loss. Of nearly every item the |720/730 740/770 same condition of affairs can be reported, Wire |720/780,740/770

Yellow Metal, Copper Zinc, &c. In Scrap Material 720/730/740/770

local quotations are about 20 per cent. below cost. 720/730,740,770. 720 730 740/770 Horse-shoes selling at Tls. 1.75 to 1.821, Tyres at 720/730 750/770 Tls. 1.95, Steel Plate Cuttings at Tls. 1.60 to Tls, 720/730 540/770 1.80. As usual, on an unfavourable market, the more shifty native dealers are examining their arrivals with microscopical care for any diver- gencies that may enable them to escape the losses be extracted from the situation is the fact that acceptance entails. The only grain of comfort to

good times are nearer every day.

TONGKONG, 29th September.-Small arrivals are reported and prices have further advanced. Closing quotations are :—

Saigon, Ordinary

"

Bound, good quality ........ Long..

per picul.

$2.82 to 2.86

2.55 to 2.58

2.72 to 2.75

No. 1

2.42 to 2.45 2.82 to 2.85

Siam, Field, mill cleaned, No.2

Garden,

White

12

*

"

Fiuc Cargo

8.17 to 3.20 3.31 to 3.36

MISCELLANEOUS IMPORTS.

HONGKONG, 29th September,-Amongst the sales reported are the following:-

JOINT STOCK SHARES, HONGKONG, September 29th.-Since date of my last the market has ruled compara- tively quiet and featureless, and have nothing of any importance to report.

The tendency of rates has been towards weakness, chiefly owing to the approaching settlements, which are somewhat unusually heavy.

BANKS.-Hongkong and Shanghais with a YARN AND PIECE GOODS:-Bombay Yarn.-30 still further decline in the London price (£43) bales No. 8 at $70.10, 550 bales No. 10 at 75.50 have further weakened to 190 per cent. prem. to $80, 80 bales No. 12 at $79.50 to $83; 140 with only very small and unimportant sales at bales No. 16 at $85 to $85.10, 593 bales No. 20191, 190, and reported ones at 189. Nationals at $94 to $98. White Shirtings.—500 pieces Blue continue on offer at $265 without business? Dragon at $5.05, 150 pieces Blue Lion at $5.75, 150 pieces Gold Tiger at $3.90. Drills-160 pieces 18 lbs. Large Eagle at $5.30. Turkey Reds. 500 pieces 1 lbs. Clock at $1.321, 150 pieces 4 lbs. Fluteman at $2.85, 300 p'eces 6-lbs. T.-Cloths.-375 pieces 7 lbs. Clock at $5.60. Mexican Red Stag at $2.40, 550 pieces 8 lbs. X.M. at $2.40. 300 pieces V.V. at $3, 300 pieces X.X. at $3.05.

bundles nail rods Begian No. 1/6 at $3.32). Tin.-100 slabs Fung- chai at $33. Quicksilver.—1,250 flasks at $105.50

METALS:-Iron.-24,000

to $107.50.

SHANGHAI, 24th September. (From Mesars. Noël, Murray & Co.'s Piece Goods 'l'rade report.)- Since our last circular the Native Settling Day has come and gone, and as far as the Piece Goods dealers were concerned everything passed off satisfactorily. This, however, has had no effect on the state of inactivity into which the market had already relapsed, as noted in our late circu- lars, the dullness, if anything, being more pro- nounced than before. In mary makes there has been absolutely nothing done, or at least reported, but at the same time there are indications that enquiry is rather more general than it was, but at such low prices that importers have no other course than to decline entertaining the offers. Demand from the various Outports is very quiet, except perhaps from Newchwang, which is asking for Bombay Yarns (108.) and American Drills, but this is greatly attributable to the action of the native holders here, who are obtaining ad- vances on their stocks locally and refusing to sell under the parity of laying down costs. Here and there some small sales have been made at a profit of two or three cundareens per piece, but the practice is far from being a general one. The past week has been noticeable for the enor- mous quantity of Indian Yarn that has arrived or is shortly due, the popular estimate being that about 18,000 bales have been added to the stocks here.

|

Metals. (From Messrs. Alex. Bielfeld & Co.'s report.)-25th September:-One day succeeds the other with unvarying monotony, due to the den'er's absolute want of interest in business at the present juncture. Dewand not only locally but also from consuming centres has fallen off and the native wholesale houses are idle with large stocks on their hands, on which many are paying 10 and 15 per cent. interest to the native banks. The high rate of native interest is resulting in slow and tardy clearance. Exchange after recover- ing slightly is again back at the unfavourable figure of 2/107, so that even if native indentors were inclined to overlook the temporary local drawbacks this gives them a reason to hesitate. Metals generally are at a discount for the nonce, but in fice of the firmness of the home mar- kets an improvement must set in here shortly. Nailrods are obtainable from stock at Tls. 2.45 to 2:47 or 10 per cent. below present home cost, but no transactions are reported. The production of the native Hanyang Iron Works was sold at

MARINE INSURANCES.-China Traders have changed hands in fair lots at 881 cum div., and at 876 ex div., closing steady at the latter rate with buyers. Unions have again found buyers at $250 and close firm at that rate. Cantons continue strangely neglected at $195 nominal. The yearly meeting is advertised to take place on the 19th October, the books closing from the 5th. Yangtazes and North Chinas have found buyers at quotations up North, and Straits have changed hands at $27 closing with sellers at 8271.

FIRE INSURANCES.-Have ruled very dull and I have only small sales of Chinas at $96 to report.

SHIPPING.-Stock generally shows a decline with the exception of Hongkong, Canton, and Macaos, which continue unchanged with sales at $33) and sellers. Indo-Chinas are still on the downward course, sales having been effected at $45, 844, and $43. China and Manilas are vainly offered at $71 and a point lower would probably be accepted. Douglases, notwithstand- ing that the shareholders succeeded at the general meeting in obtaining a bonus of $2 per share in addition to the 12 per cent. previously recommended by the General Man- agers, have ruled anything but firm, sellers at 865 having ruled the market for the whole week; a few unimportant sales were made at this and a large line is reported to have changed hands at a private rate. At time of closing shares are obtainable at $65 after sales. I understand that the steamers have done well for the first part of the current half year, but that the Formosa trade has fallen off

considerably. China Mutuals still remain on offer at quotations and lower offers would no doubt be accepted were any forthcoming.

REFINERIES.-China Sugars failed to main- tain the rise reported in my last, and fell as low as $129, after sales at $132, $131, and $130; at time of writing, however, the market shows signs of recovering and shares are wanted at $132. Luzons have failed to improve their position and offers to sell at $55 and $54 throughout the week have met with no response.

The un- settled state of the Philippines is of course the | chief cause of the weakness, and should affairs become more settled a sharp rise may be looked for.

MINING. I have to report another un- usually quiet week in all stocks under this head- ing. Punjoms have continued quiet, dull, 'and out of favour with but very few and unimportant sales at $10.25 and $10; at time of closing shares are obtainable at $10 and market closes dull. Raubs have been in some request and have changed hands in small lots at $5.50; but holders do not seem inclined to part with any number except at an advance. Jelebus have changed hands in small lots at quotation. Balmorals

and Olivers have been neglected and weak with small sales of the former at $1.90.

DOCKS, WHARVES, AND Godowns. – Hong- kong and Whampoa Docks have continued to rule quiet and I have only small business to report at 202 and 201 per cent. prem, cash, and at 203 for October, 205 for November, and 207 for December; market closes firmer for cash at 203 and shares could be placed at equivalent rates on time. Kowloon Whare have continued strong and in demand, 'sh

changed hands at $58 and having Wanchais unchanged with small sales quotation.

The

LANDS, HOTELS, AND BUILDINGS — market, under this heading has been flat and have changed hands in small odd lots at quota but little business done. Lands and Hotels

tions. Humphreys Estates have been entirely neglected with sellers.

MISCELLANEOUS.-Green Islands have de- clined to $174 with sales. Watsons have changed hands at $12.85 and are on offer at that rate, although small lots are wanted. Ropes have found buyers at $127 and Electrics at $6.75 and $6.85.

Closing quotations are as follows:-

[PAID UP. QUOTATIONS.

Banks-

COMPANY.

Hongkong & S'hai... China & Japan, prf.

Do. ordinary... Do. deferred... Natl. Bank of China

B. Shares Founders Shares.. Bell's Asbestos E. A.... Campbell, Moore & Co. Brown & Co., H. G. Carmichael & Co. China Sugar

Dakin, Cruicks'k & Co. Dairy Farm Co. Fenwick & Co., Goo.... Green Island Cement... H. & China Bakery Hongkong & C. Gas Hongkong Electric H. H. L Tramways Hongkong Hotel Hongkong Ice

H. & K. Wharf & G... Hongkong Rope.... H. & W. Dock Insurances- Canton.... China Fire China Traders'

Hongkong Fire North-China Straits Union

Yangtsze

Land and Building-

H. Land Investment. Humphreys Estate... Kowloon Land & B. West Point Building Luzon Sugar Mining--

Charbonnages Jelebu New Balmoral Oliver's Mines, A. Do. .B. Punjom

•

Do. Preference...... Raubs

steamship Coys-

China and Manila ........ China Mutual Ord.....

[$362), s. & ne].

$125 100 % prem.

£5 nominal

£1 10s. nominal

£1 £2, buyers

£8 $261

15s.

£1

$100

nominal

$50 (in liquidation).

$10 $6

$20 $3

$100

$132, sales & buyers

$5

$1, layers

$5

$5, nominal

$25

$29

$10 $171, sales

$50 $30

£10 $110, buyers

$8 $6.75, buyers

$100

$96, sales

$50 $29, sellers

$25 $105

$50

$584, sales & buyers

$50

$127, sal. & buyers

$125

203 p. ct. prem.=

[$378.75, sal. & b.

$50

$195. sellers

$20

$96, sales & buyers

$25

$76, ex. diy sales.

$50 $342), sellers

£25 Tls. 1924, sellers

$20 $27, sellers.

$25 $250, Bales $60 $155, sellers

$50 $75, sales $10 $0, sellers $30 $18 $40 $184, buyers $100 $54, sellers

Fes. 500 72 $5

33.10, sales & sellers $3 $1.90, sales $5 $7, sellers

$24 $3.50, sellers $4 $10, sales & sellers $1 $3.40, sellers. 13s. 10d. $5.75, sellers

$50 $70, sellers

£5

£8, sellers

Do. Preference... Douglas S. S. Co. H., Canton and. M... Indo-China S. N. Wanchai Wareh’se Co. Watson & Co., A. 8

£10 £7, sellers

$50

$57.ex. div. s.& bon.

$15

$33.25, sal. & sellers

£10

$42, sellers

$37) $45), sales

$10 $12.85 sales & sellers J.-Y. V. VERNON, Broker.

SHANGHAI, 25th September.-(From Messrs. J. P. Bisset & Co.'s report.)—The week has been characterised by a dragging market, except in and Shanghai Banking Corporation.-The only Yangtsze Insurance shares. Banks-Hongkong business reported was a cash sale on the 19th at 195 per cent. premium. The market has since ruled weak, with sellers and no buyers either for cash or time. We quote 192 per cent. premium as the closing rate. Shipping-Indo-China S. N Co. On account of the slackness of shipping business the stock has suffered a sharp decline.