September 23, 1897.]
a small business at intermediate rates. A small enquiry for shares ahend remains unsatisfied and the market closes steady to strong at quotation. Nationals have changed hands in further small lots at $183. Bank of Chinas continue out of the market.
CHINA OVERLAND TRADE REPORT.
loon Wharves continue more or less neglected and close quiet at quotation after small sales, Wanchai Warehouses are obtainable at quota. tion, without sales.
+
247
Chino Mutual S. N. shares, both
Banking Corporation.-3hares have changed hands to a limited extent at 182 per cent premium for cash and 183 per cent premium for delivery on the 30th current. Marine Insurance.-Yang- LANDS, HOTELS, AND BUILDINGS.--Hong-szes have been sold at $156 to Hongkong equal kong Lands have eased up a little with sales to $161. North-Chinas are wanted. Straits have Fire Insurance. No $ 8.55 laid down here. and sellers at $76, closing quiet. Hotels continue been purchased from Hongkong at $174, costing business reported. Shipping. Indo-China S ́N. at $484 without inducing buyers to come for-
shares have been placed at Tls. 37 and Tls. 36 to ward. West Points are quiet at $214 with sellers, but half a point lower would in all pro- Tla. 364 cash and Tls. 37 for delivery on the 31st bability bring out buyers. Humphreys Estates October. continue to change hands at $93. Kowloon Lands have found small buyers at quotation.
MISCELLANEOUS. Green Islands have been quieter with only small unimportant sales at quotations. Watson's have continued steady with further small sales at $123. Hongkong Electrics, which in the early part of the week were rushed up to $103, are now on offer at $10 at T. 100. on
without finding buyers. Ropes, Ices, and Fen-shares are offering at Tls. 123. Lands.-Shang- wicks have changed hands at quotations. All hai Land Investment shares found purchasers åt Ts. 91 and Tls. 91, and Humphreys' 'Estato published, but it is pretty generally known Cotton Mills have ruled quiet and declining shares were purchased from Hongkong at $10
MARINE INSURANCES. China Traders continue on offer at $80 with buyers at $79, and without business, excepting a small sale at $79. The published report shows the net prémia collected to be some $13,000 short of the previous year, and recommends that the balance at the credit of working account, i.e. $621,807.25, be appropriated as follows., a dividend of $5 per share (20 per cent.) to shareholders, a bonus of 20 per cent, to con- tributors, and the carrying forward the sum of $351.807,25 to new account. Unions, after further small sales at $250, are offer at tt rate, and conld probably be obtained at $247. The report is not yet
that it is the intention of the directors to recommend a dividend of $16 per share, to pay a final bonus of 23 per cent. to contributors (making 22 for the year), and to place $60,000 to reserve. Straits have found further buyers in fair lots at $17 and close steady. North Chinas and Yangtszes have been neglected locally but have changed hands in the North in small lots. Cantons continue quiet and without business at quotation.
FIRE INSURANCES.-Hongkongs remain quiet but steady at $357.50 with little or no business. Chinas have changed hands in unimportant lots at $106 and $107, closing with sellers at the former rate.
SHIPPING.-Hongkong, Canton and Macaos have been negotiated at $32 and $313 in small lots, closing with strong buyers at the latter rate, Indo-Chinas have found a ready market at $48 and shares are now in demand above that rate. Sales are also reported_at_$483 and $49, market closing strong at $49. Doug- lases have ruled rather easier with sales at $65 and $65a, closing with some sellers at the former rate. China and Manilas have found small buyers at $75 and close steady. China Mutuals continne in a small demand without bringing out sellers.
-
with but few sales at quotations,
Closing quotations are as follow:-
COMPANY. ¡PAID UP. QUOTATION.
[$347), sal, & b..
prem-
Banks-
Hongkong & S'hai........ China & Japan, prf. ordinary... deferred...
Do. Do.
Natl. Bank of China]
B. Shares Founders Shares.. Bell's Asbestos E. A. Campbell, Moore & Co. China Sugar Cotton Mills-
Ewo... Hongkong Internati-ual Lacu Kung Mow Soychee Yahloong Dairy Farm Co.... Fenwick & Co., Geo.
D
$125 178
£5 nominal £1 108. nominal
£1 £5, buyers
£8 $19 £1 $20
£1 $9, sellers $10 $
$100 $145, sales
Tls. 100 TIs. 112, sellers
$20 $18
Tls. 100 Tls. 122 ...Tis. 100 Tls 116, sellera Tis. 500 Tls. 575, sellers Tls. 40 Tls. 42
Green Island Cement...
H. & China Bakery Hongkong & C. Gas Hongkong Electric H. H. L. Tramways Hongkong Hotel ...... Hongkong Ice.
REFINERIES.-China Sugars hare consi- derably improved their position with sales during the early part of the week at $143,H. & K. Wharf & G... $144, $145, and $1454 for cash and a few small Hongkong Rope..... lots at equivalent rates forward; at time of H. & W. Dock writing shares are still enquired for at $154. cash, but there are few sellers except at an advance. Luzons have changed hands at $41 and close with sellers at that and probably at a point under.
an
MINING.-Punjoms have been put through in small lóts at from $5 to $6, 55 being the raling rate; the market has been dull and inactive. Charbonnages have found buyers at $85 and more could be placed at the rate. New Balmorals continue steady at $1.40 for Ordinaries and $1.50 for Preferences with small sales. Olivers B have been negotiated to a fair extent at from $73 to $8, closing quieter with sellers at $74. Jelebus have been enquired for at $2.10 and small sales have been effected at that rate. Raubs have ruled somewhat erratic but generally with upward tendency. Shares were offering during the early part of the week, and sales were made at $18; towards the end, however, a demand from Singapore gradually sent the rate up to $224 after fair sales at $183, $19, $194, 8197, $20, $201, $21, and $22. At the time of closing buyers offer $22 to $221. No definite reason can be given for the rise, but unsubstantiated rumours are in circulation about Mr. Bibby being negotiating for the sale of a portion of the concession, and also that Singapore is short for the settlements, Both rumours being entirely unsupported must be taken for what they are worth. Great Easterns have changed hands at $2, $2.10, and $2.20, olosing at 82.20; a telegram from the mine states that development work is about to
commence.
DOCKS, WHARVES, AND GODOWNS.-Hong- kong and Whampoa Docks continued on offer during the early part of the week and salos A were affected at 216 for the 30th inst. further demand at that rate, however, failing to bring out more shares, the rate rose to 218, at which the market closes with buyers. Kow-
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.. Great E. & C'donian Do. .Do.
Jelebu
New Balmoral
Do. Preference Oliver's Mines, A. Do.
Punjom
Fes:
B.
13s.
Do. Preference..... Raubs New Amoy Deck Steamship Coys.-
China and Manila. China Mutual Ord....... Do. Preference... Douglas S. S. Co. ... H., Canton and M... Indo-China S. N. Wanchai Wareh’se Co. Watson & Co., S. A... .....'
$5 $4), sales $25 $28 25, sales
$43, cum. N.I., sel. $10 $291, ex. N., sellers $141, sellers $50 $33, buyers £10 $110, buyers
$8 $102, sal. & sellers $100. $M2
$50 $48), sellers $25 $113, sales & sellers $50 $63, sellers
$50 $170, sales & buyers $125 218, p. ct. prem.
1$3974, sellers
$50 $172), sellers $20 $106, sellers $25 $794, sales & sellers $50 $357)
£25 Ts. 200, buyers $20-$17, cales $25 $217, sales $60 $158, sellers
$50 $70, sales & selters $10 $91, sales & sellers $309, sales $40 $21), sellers $100, $41, sellers
500 $95, sales & buyers
$5:5, sellers
$24 $2.20, sal. & buyers $5 $2.10, sal. & buyers $181.40 $1.81.50 $5 $20, sellers
$24 $74, sales & buyers
$4 $54, sales & buyers $1.$1.40, buyers 10d. $22.25, buyers $10 $18, sellers
*
$50 $75, sales & búyers
£5£2 10% buyers £10 £7, buyers $50 $65, sales & sellers $15 $32, sales & sellers £10 $50, sellers. $37845, sellers $10 $121, sal & sellers J. V. Y. VERNON, Broker.
|
Preference and Ordinary, are wanted at present quotations. Sugar Companies.--China Sugar R-fining shares were sold at $146 cash and at $153 for the 31st December: Docks, Wharves and Godowns.-Shares in S. C. Farnham & Co. changed hands at Tls, 171 and Tis. 1714, and are offering. Engineering & Dock shares were placed Shanghai and Hongkew Wharf
laid down here. Industrial-Shares in Major Brothers are weak with sellers. In Cotton Mill shares business was done as follow:-Interna- tionals at Tls. 124 cash, Laou-Kung-Mows at Tls. 116/11 cash and Tls. 117 for September delivery, and Soy Chire shares at Tls. 575. Chinn Flour Mill shares were placed at Tls. 57, American Cigarette shares at Tls. 85, and Shanghai Feather Cleaning shares, with Tls. 200 paid up, at 'T'ls. 202. Lugs and Cargo Boats.-Shanghai Tug Boat shares were sold at Tls. 215 enm the second interim dividend of Tls. 5 due on the 20th current Taku Tug and Lighter shares were placed at T. Tls. 112, but there are sellers now at T. Tis. 110, Co-Operative Cargo Bont shares were sold at 1s. 190. Miscellaneous.Shanghai-Sumatra
Tobacco shares were done at 'Pls. 91 for the 30th current cum the dividend of Th. 1.47 paid on the 15th in tant and at 11s. 01, 92, 89 and 90 cash, and Tls. 02 and Tls. 94 for the 30th current, ex dividend. Shanghai-Langkat shares were placed at Tis. 410 and Tls. 400 cash, Tls. 400 for the 30th current and Tls. 445 for the 31st December, and to-day at Tis. 410 cash and Tls. 500 for the 31st May. Shanghai Horse Bazaar shares changed hands at Tls. 76, and Hall & Holtz shares at $40).
TONNAGE.
HONGKONG, 22nd September.-Since last report freights generally have advanced somewhat in certain directions. Saigon to Hongkong, there is no en- quiry, and the rate is nominally 10 cents per picul; to Singapore and Java there is also no demand. medium-sized steamer is wanted for Kobe at 23 cents per pienl.
A
Java to Hongkong, last settlement was at 14 cents, but a steamer might now be placed at 15 to 16 cents per picul.
Newchwang to Canton.-Several fixtures are re- ported for October loading at 21 to 25 cents per picul, according to size, and further tonnage for late October loading is wanted at the latter rate.
Coal freights from Japan have advanced. Moji to Hongkong is $1.40, to Singapore $2.25. From Mororau to Hongkong, meriium-sized ready tonnage is wanted at $2.25 per ton.
Sailers-To New York no further fixtures have been reported, owners holding ont for higher rates than shippers are disposed to pay. About 13s. per ton of 40 cubic feet is offerred. The American ship L. Schepp, 1,776 tons, proceeds to the Philippines to load for the U.S., having been settled at home.
There are only two disengaged vessels in port, re-
| gistering 2,102 tons.
The following are the settlements:-
· Iolani-Hawaiian barque, 1,178 tons, Hongkong
to Baltimore, private terms.
Vale of Doon-British barque, 669 tons, Hongkong to Callas, £1,400 in full,
Chili-British steamer, 1,158 tous, Hongay to Shanghai, $2.10 per ton.
Oscarshal-Norwegian steamer, 764 tons, Cebu and Iloilo to Yokohama, 28 cents per picul.
Ocampo-British steamer, 1,329 tons. Java to Hongkong, 14 cents per pienl.
Teneral Norwegian steamer, 784 tons, Moji to Hongkong, $1.20 per ton.
Choufa-British steamer, 1,055 tons, Moji to Hongkong, $1.40 per ton.
Clinton-British steamer, 1,110 tons, Newchwang to Canton, 23 cents per picul.
A China Navigation Co.'s steamer, Newchwang to Canton, 26 cents per picul.
Progress German steamier, 798 tons, Newchwang to Canton, 25 cents per picul.
.
SHANGHAI, 17th S-ptember.-(From Messrs. J. P. Bisset & Co.'s Report.)-lhe market during the week has been fairly active, with not much.
The rate of exchange on Hong- † to change in rates. kong has declined, which prevents sales to the
and Banks.-Hongkong South.
Homes-Norwegian steamer, 840 tons, Newchwang- Cant», 21 cents per picul. Terrier-Norwegian steamer, 1,008 tons, monthly, Shanghai three months, at $5,000 per month.
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