COTTON
THE HONGKONG WEEKLY PRESS AND
Advices from Hankow, are much more HONGKONG 2nd December-Owing to heavy and better, but still buyers decline to- arrivals since the departure of the last mail, rates prices demanded by the h
ed from $0 to $1. Stock 2,100 bales. ..$18.00 to 18.50 p. pl:
Bombay Kurrachee
Bengal, Rangoon, and
Dacca
16:50 to 17:00-
17.50 to 18.00
"
Shanghai and Japanese.. 21.00 to 21.50 Tungchow and Ningpo.. 21.00 tỏ 21:50 - Madras
18.00 to 19.00 Sales: 460 bales Bengal, Rangoon, and Dacca.
RICE. HONGKONG, 2nd December.-New crop grain is coming forward and the market is weaker. Closing quotations are :—
Saigon, Ordinary
31
"
Bound, good quality Long.....
per picul. $2.47 to 2.50 ...... 2.68 to 2.70 2.81 to 2:84
Siam, Field, mill cleaned, No. 2
"
Garden, White
13
Is
2.60 to 2.63
holders oontiunes to take requirements in the usua way. At auction, prices are better, the im ment being noticeable in Cottons, most of have advanced, but in Woollens the position is different, the rise being neither so general or decided.
Metals. (From Messrs. Alex. Bielfeld & Co.'a report.)-27th November:—During the past week there has been nothing done beyond petty trans- action in sundries. With regard to the outlook for the coming year, all authorities seem to concur in prognosticating a much better market. There had already been a decided improvement in the home and Continental m'a:kets when the last mail left, October 17th, in anticipation of the election of Mr. McKinley as President of the United States, and now that this event has occurred, there is expected to be a regular "boom" in all branches of business. The long looked-for awakening of China which appears to have at last from many indications com penced in earnest should cause
[Becemb
eady at $369
close
$370
Canton,
have been
$323 hiefly for Market closes quiet Indo-Chinas, North have having changed at time of closing China and Manilas. with no, sales or cha Douglases have fully ment reported last week at $59 to a fair extent; for on time at equivalent rates, but none be forthcoming; market closes stead China Mutuals are still on offer without finding buyers.
REFINERIES. standing the temporary.
China
.............................................................................. 3,47 to 3.50 | a "boom" here also and the projected railways, week the market ha8
Fine Cargo
. No. 1 ... 2.82 to 2.85
........................................................... 8.70 to 8.73
COALS.
HONGKONG. 2nd December.-Small sales of 25,000 tons Japanese on private terms are re- *ported. Quotations are:-
Cardiff ....$15.00 to 16.50 ex godown, nom. Australian 6.25 to 6.50 ex ship, nominal. Miike Lump... 5.69 to 5.75 ex ship, nominal. Miike Small... 4.65 to ex ship, do Moji Lump 4.25 to 5.75 ex ship, nominal.
MISCELLANEOUS IMPORTS. HONGKONG, 2nd December.-Amongst the sales reported are the following
which, while still only in the embryo stage, are now beyond the mere speculative period, will Assuredly react strongly for the better on all our transactions. So that while it may be, annoying for the time being there is still every reason to wait as patiently as possible for the good time coming.
CLOSING QUOTATIONS.
WEDNESDAY, 2nd December.
EXCHANGE.
ON LONDON.—
Telegraphio Transfer
..2/1
Bank Bills, on demand
..2/1
Bank Bills, at 30 days' sight
2/1
ON
Bank Bills, at 4 months' sight Credits, at 4 months' sight Documentary Billa, 4months'sight2/2 PARIS.—
..2/10
..2/1
Bank Bills, on demand
......
.2.67
Credits, at 4 months' sight
.2.72
ON GERMANY.----
On demand
.2.16
ON
NEW YORK.
Bank Bills, on demand
.51}
Credits, 60 days' sight
.52€
ON BOMBAY.—
Telegraphic Transfer. Bank, on demand.......
.166
.1661
ON CALCUTTA.-
Telegraphic Transfer. Bank, on demand..
.166
.166
Bank, at sight Private, 30 days' sight.. ON YOKOHAMA,.— On demand
.721. .781
YARN AND PIECE GOODS :-Bombay Yarn.—75 bales No. 6 at $69 to $70, 50 bales No. 8 at $79.50, 1,015 bales No. 10 at $79 to $83.50, 3.0 bales No. 12 at $80 to $87, 420 bales No. 16 at $84.50 to $90,50, 1,415 bales No. 20 at $93 to $104. Grey Shirtings.—1,000 pieces 11 lbs. Red Flower at $3.30, 700 pieces 7 lbs; Eagle at $1.94, 500 pieces 10 lbs. Red 5 Men at $3.32), 1,200 pieces 8 lbs. 3 Dogs at $3,1,000 pieces 10 lbs. C. W. W. to $3.90, 2,20) pieces 8 lbs. Blue Joss at $2.921 to $2.95, 600 pieces 83 lbs. Blue Peach at $2.87), 250 pieces 10 lbs. Sycee at $3.90, 300 pieces 8 ibs. Double Fish at $2.77į, 1,200 pieces 8 lbs. Blue Pheasant at $2.20. White Shirtings. -590 pieces D. 70 at $3.52), 450 pieces Blue Lion at $3.771, 250 pieces No. 500 Cat Head at. $3,40, 500 pieces Flower at $4.75, 250 pieces No. 3 at $3.371, 509 pieces No. 300 at $3.521, 500. pieces Peacock at $3.50, 300 pieces Gold Tiger at $5.02), 500 pieces Green Stag at $3.47), 1,700 pieces No. 600 at $4.35, 500 piec's Gold Elephant at $3.72), 1,000 pieces K. K. at $3.95, 500 pieces 1 at $3, 500 pieces Gold Horse at $4.42), 1,000 pieces No. 3 at $3.371, 500 pieces D. 70 at $3.324. | Ox ̊ MANILA.—— T-Cloths.—1,200 pieces 8 lba. Mexican V. V. at $3, 1,500 pieces 8 lbs. Mexican Hunter and Stag at $3.10, 1,200 pieces 8 lbs. Mexican X. X. at $3.05, 600 pieces 8 lbs. Mexican Red Stag at $2.37, 1,200 pieces 8 lbs. Gold Dragon at $2.62, 600 pieces 8 lbs. Crown at $2.624. Spanish Stripes.— 72 pieces B. B. B. assorted at $0.57.
Shanghai 26th November.-(From Messi's. Noël, Murray & Co's Piece Goods Trade Report) Piece Goods-Although quietness has continued to be the prevailing feature of the market there are, at the same time, distinct symptoms of a general improvement in enquiry which, no doubt, is fully appreciated by importers. So far, it is true, no great increase in the volume of sales by importers is to be noted, but at the same time there is a cons derable enquiry among native holders, and this will doubtless be overcome when
priecs become assimilated, and there are already sound signs of the elements of a good general business. Enquiry is much more general and it is rumoured that already some lines of Grey Goods and White Shirtings have been booked for delivery next spring, and this would indicate that the Man theater market is now more ready to meet offers from this side than hitherto. The same is also said about the New York market, but having heard of no actual business being done, we can speak with no confidence on the matter. Newchwang is now closed for the season: and the Tientsin dealers are busy preparing for the departure of the last steamers for their port. So far they
forwarding most attention to sending
American Goods, clearances of lish makes being much lower than in former, but as there are still several steaners to be hed, some improvement may be seen,
ON SHANGHAL-
Ondemand ON SINGAPORE.—
On demand SOVEREIGNS Bank's Buying Rate GOLD LEAF, 100 fine, per tael
.4% pm.
.9% pm.
.1% pm.
.9.30 .48.60 ·
;
JOINT STOCK SHARES. HONGKONG, December 2nd-The market has continued inactive and there is still nothing of any importance to report. Rates generally have shown an inclination to a further decline, especially over the settlements, which, however, passed off satisfactorily, on the 30th altimo.
BANKS-Hongkong and Shanghais show rate shares changed hands after small sales a further fall to 179 per cent. prom., at which at 180; at time of writing the market shows some signs of a slight recovery with a small enquiry for odd lots at 180 per cent. prem. Nationals have been negotiated at $26, closing with sellers. Bank of Chinas Founders are enquired for in the North at £5, but Ordinaries are still on offer at $1 without finding buyers.
MARINE INSURANCES.-China Traders have been taken off the market in small lots at $751, but larger parcels are obtainable at $75. Cantons remain steady with no sellers at $185, whilst Unions show an unaccountable drop to $225 with sellers and no buyers. Straits have ruled quiet and unchanged with small sales at quotation. Yangtszes and North Chinas have changed hands in the North at quotations.
FIRE INSURANCES. Hongkongs continue on the upward course, holders being very firm and expecting higher rates, Sales at 8365 and $370 have taken place, the market closing
Sugars
shares changing hands a and with sellers at the closing rate is $135. $135: ruled quiet but steady with_sm quotation.
MINING Punjoms, after further $13.25, fell again to $13 with sales and on account of news having come to the indisposition of the Cyanider and having been compelled to leave the works proceed to Singapore. It is stated, however, his absence will not interfere with the of the process, as Mr. Jolly the Chief is capable of carrying on the work The from the mine which appears in our local of 1st and 2nd instant is good and reading for shareholders Charbonnag tinue dull and inactive with no sales an nominal quotation. Shareholders shou that it is now necessary to send the scrips to Paris in order to have them for new ones, which latter only will able on the Paris bourse, the old sorip be forwarded without delay to The Francaise des Charbonnages: du. No. 5, Rue de Canmartin, - Paris. Balmorals. A fairly satisfactory has been received from the mines, but show a decline with sales at $1. A mee shareholders is called for the 14th inst. the advisability of reducing the capital by thirds and of issuing preference shares to tentof $75,000, bearing cumulative interes rate of 12 per cent. per annum, the first call on earnings; further particulars may be gathered from the advertisement in the local papers, Jez lebus have ruled firmer and been enquired for. without producing much business, ame sales only having been effected at the increased rate of $2.75 to $2.85. Raubs have - been demand for Singapore at $8.75 to $9, but hold- ers are not inclined to part at these rates and the market closes firm at $9
the
some
Docks, WHARVES, AND GODOWNS Hong kong and Whampoa Dooks weakened over settlements to 214 after sales during the week at 215 and 216, shares are wanted on tu the equivalent of the first named-rate, sellers will not operate market closes stead at 215 per cent, prem. The earnings Company for October were between $93,0 one the November earnings are $94,000, not a record month, but understood to be very goo points to the Company half year ending 31st and probably better than, th
earned for the first half of t have been firm with sales and the earnings of the Con be improving Wanchais without business at
AND
LANDS, HOTELS kong Lands as usual hay $761 and $76 with sales are enquired for at $291 West Points have
$18 Humphreys Estates at $8:75:
MISCELLANEOUS at $12.25 - $145 to $ this heading
tries.
and eve
ING
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