5.63 to
Bank Bills, on demand Credits, 60 days' sight
Telegraphic Transfer. Bank, on demand..
298
COURSE OF THE HONGKONG OPIUM MARKET.
THE HONGKONG WEEKLY PRESS AND
Yellow M'tal-Muntz.14/29oz. 30.00 to
[October 13, 1897.
On PARIS.--
Vivian's, 16/32 oz. 80.00 to
Bank Bills, on demand
2.39
PATNA.
DENARES.
MALWA
DATE,
Now. Old.
New.
New. Old
Old.
Elliot's, 16/28 oz. 30,00 Composition Nails Japan Copper, Slabs
to
Credits, at 4 months' sight
2.43
to
ON GERMANY.—
to
On demand.
1.93
Tiles
to
ON NEW YORK.-
1897.
:3
$
3
$
$
Tin
to
461
Oct. 6
725
725
Oct. 7
7221
7221
870 900 910 930 870 900 910 930
per box.
.474
Tin-Plates
590 to 6.25
Oct. 8 720
720
870 900 910 930
per cwt. case
ON BOMBAY -
Oct. 9
717}
7171
870 900 910 930
.145)
Oct. 10
7174
7171
870 900 910 930
Stee!.....
.146
Oct. 11 715 Oct. 12
715
715
715
870 900 910 930 870/000 910/930
SUND IS
ver picul
Quicksilver
to
per box
.1451
RICE.
Window Glass
Kerosene Oil
.146
.731
741
.61 % pm.
.44% pm.
"
Garden,
White...
No. 1
% pm. .10.36 .54.75
HONGKONG, 12th October. The market has recovered from the weakness last reported and an increase in prices has taken place. Quota- tions are:-
Saigon, Ordinary.
Round, gool quality.
Long
Siam, Field, mitl craned, No, 2...
Fine Carg›
..$2.61 to 2.65 | 2.75 to 2.80 2.90 to 2.94 2.65 to 2.70 2.94 to 2.98 4.09 to 4.12 1.27 to 4.30
COALS HONGKONG, 12th. October.- Market strong; sale of 15.000 tons Japanese at $8 75 and $10.50 per ton to arrive. Quotations are:-
Cardiff
$16.50 to 17.00 es ship.
$9.0⚫ small. (11.00 hump.
Australian...
Miike Lump... 10.00 to 10.50 ex ship, nominal Miike Small... 900 to 10.00 none offering Moji Lump 8.0 to 9.50 ex ship, steady
MISCELLANEOUS IMPORTS.
HONGKONG. 12th October -Amongst the sales reported are the following:-
YARN
AND PIECE GOODS.-Bombay Yarn.- 25 bales No. 8 at $87.31, 50 bales No. 10 at $90 to $102, 300, bales Noɔ, 12 at $92 10 $98, 30 bales No. 16 at $93, 589 bales No. 20 at $107 to $113.
METALS.-Tin.-400 slabs Foongehri at $39.40 to $39.50.
COTTON PIECE GOODS.
Grey Shirtings-filbs.
White Shirtings-54 to 56 rd.
7lbs.
8.4 lbs.
9 to lo ba
5% to 60
2.90 to
3.65 to 4.50 to Book-folds. 3.50 to 0.67 to Victoria Lawns-12 yards
to T-Cloths-6lbs. (32 in.). Ordʼy. 155 7lbs. (32 ),
1.95 to 6lbs. (32 ), Mexs. 1.75 to Tlbs. (32 },
2.20 to 8 to 8.4 oz, (36 in.) 2.15 to Drills, English-40 yds.,13 to
14lbs
64 to 66 Fine
...
**
"
3.85
to
per piece 1.80 to 1.00 2.10 to 2.39 2.60 to 3.30 3.50 to 4.25 2.65 2.45 to
*3.55 4.50 7.40 6.00 1.35 1.75 2.20 1.90 3.00 3.30
6.25
FANCY COTTONS
Turkey Red Shirtings-1 to 1.45 to
Brocades-Dyed
Damasks
Chiutzes-Assortedl
Velvets-Black. 22 in. Velveteens-18 in.
7lbs.
4.00
4.75 4.00 to
per yard 0.12 to 0.16 3.08 to 0.14 0.24 to 0.32 0:21 0.18 to
per dozen Handkerchiefs-Imitation Silk 0.50 to 0.90
per yard
1.30 Spanish Stripes-Sundry chops. 0.62 to
German... 1.15 to 1.50 to 5.25 Habit, Med., and Broad Cloths. 1.45
par piece
9.00 7.13 to
9.10 7.25 to 11.00 to 35.00
WOOLLE S
Long Ells-Scarlet
Assorted
Camlets-Assorted
Lastings-30 yds., 31 inches, 12.00 to 22.00
Assorted!
Orleans-Plain
Blankets-8 to 12lbs.
METALS
Iron-Nail Rod
Square. Flat Round Bar
Swedish Bar
Small Round Rod
Hoop.
Wire
Old Wire Rope
Lead, L. B. and Ho'e Chop
Australian.....
......--་་་་
3.60 to 4.50
per pair 5.70 to 12.00 per picul 4.30 to to 4.30
124.00
3.80 to
per 10-gal. cnse
1.92 to 1.93
SHANGHAI. 7th October.-(From Mesars. Noël, Murray & Co's. Piece Gools Trade Report)—To mos Importers connecte with this trade the past week his been one of the most stagnant in their experience. Many complain that the dealers have eased from visiting them at all, ad clearances of English gods especially, have been well, the trong expressions used in some quarters canno! he repeated here! All chance of the business reported last week being followed up was quite set at rest by the sudden and unexpected rise in Silver, and consequently of Exchange, which seems to have completed the demoralization of the trade, oriers from the country, apparently, being based on something like three shillings per tael. The position has not been assisted by the resumption of the Anctions in full strength, and that the dealers res»nt having these large quanti- ties forced off on the market is clearly shown by the prices paid yesterday and to-day. For some- time past they have evidently been sustaining them for the benefit of the goods they had on hand, but it looks now as though this policy had been abandonel anl prices will have to find their own level sccording to the demand, and the result must be disastrous to the market generally. There is not a single encouraging outlook from any of our dependencies and the prospects for the future are about as bad as they can be for the Import trade. Now that the local Cotton crop is being brought to market in quantities prices are coming down with a rna. After consider able purchases by some of the Mills here prices have drop-ed nearly a tael a picul, Machine ginned being now quoted Tls. 15.00, Shanghai ordinary Tls, 14.49), and Ningpo Tls. 14.20. It is estimated that the supply will be fully three times as large as last year. The General Managers of the Ewo Cotton Spinning and Weaving Company. Il., have promulgated a scheme for the extension of the present Mill. which they calculate will effect an important saving in the ratio of working expenses. is proposed to increase the Capital to Tis.
It
1,750,000 and to build another, Mill of 50,000 spindles, making 100,001 in all, the present Land, Water supply. Offic, House and Godown accom- modation being sufficiently large for the increased number. There can be little doubt that this will be passed by the shareholders; at the same time they would have felt more satisfaction if the Mill, as it is, had been completed and some practical demonstration given of the successful working of these enterprises. It is reported that another Mill is on the tapis for Hongkong, to be floated under the auspices of one of the lending English firms,
METALS, 8th October: -(From Messrs. Alex, Bilteli & Co's. Report.)-The past week has seen but a
prolongation of the period of stag. nation which has been so marked during the past few months of uncertainty in the silver market. There is no basis on which to enter into contracts; prices varying from day to day more quickly than arrangements can be com- pleted, so that nothing but peddling business has been done. There is still no sign of a solution of the question that is worrying all international | transactions, and the latest telegraphic news sent out by Renter still further tends to unsettle the minds of all parties concerning the future.
EXCHANGE.
1
TUESDAY, 12th October.
.1/101
1/1018 ∙1/107 · 1/1011 1/11
-
5.90 to
-4.85 to
5.75 to
9.00 to
1.50 to 3.00
860 to
8.60 to
ON LONDON.—
Telegraphic Transfer Bank Bills, on demand Bank Bills, at 30 days' sight Bank Bills, at 4 months' sight Credits, at 4 months' sight Documentary Bills, 4 months' sight 1/113
|
|
ON CALCUTTA.—
Telegraphic Transfer. Bank, on demand..
ON SHANGHAI ---- Bank, at sight Private, 30 days' sight..
ON YOKOHAMA.—
On demand.
ON MANILA —
On demand. ON SINGAPORE.—
On demand. SOVEREIGNS Bank's Buying Rate GOLD LEAF, 100 fine, per tael
JOINT STOCK SHARES. HONGKONG, 12th October.-Tightness of money is again causing a quiet and restricted market. Sales during the week have been few and unimportant, whilst rates in most cases close with an inclination to weakness.
BANKS.-Hongkong and Shanghais have been negotiated in small lots at 177 per cent. prem. for cash, and some small unimportant forward sales have taken place at equivalent rates. Nationals have found buyers to a very limited extent at quotation, whilst Founders have changed hands at $20 and $22. Bank of Chinas neglected without business.
MARINE INSURANCES.-Show no change with the exception of Straits, which have im- proved to $18) China Traders continue on offer at $73. Unions at 33474, and Cantons at $170, all without business. North Chinas and Yangtszes have been negotiated in Shanghai to a small extent at quotations, but locally they continue neglected.
FIRE INSURANCES.-Hongkong Fires are enquired for at $3674 without bringing out sellers. China Fires have ruled steady with small sales at $106 and $1063 and close at $107.
been
SHIPPING-Hongkong, Canton and Macaos remain unchanged and neglected with sellers at 331 and sales at $31. A few small cash parcels have changed hands during the week, but nothing of any importance has transacted, market closing steady at $314. Indo-Chinas have been enquired for at 850 without leading to business. China Manilas have found small buyers at quotation. Doug. lases after farther sales at $59 and 8581 were negotiated at $58, closing steady at the last rate. China Mutuals, continue unchanged without business.
REFINERIES.-China Sugars have ruled weaker with sellers at $147 and finally with sales and sellers at $146. On time sales are reported at $151 and $152 for December, but these are exceptional rates and could not be negotiated again in the present state of the cash market. Luzons continue out of favour with a few small parcels on offer at $36 and no sales. The still disturbed condition of the country seems to be the chief cause for the weakness.
MINING-Punjoms on receipt of another bad crashing250 oz.) have slumped to 44 for ordinaries and $1.40 for preferences; during the early part of the week sales were effected at $55 and 854; the market closes with zellers. An extraordinary meeting of shareholders is called for the 27th inst. to consider a scheme for the reconstruction of the Company. Jelebus bave found buyers at $1.40, New Balmorals at 81.60 for preferences cash, and at $1.85 for 28th February next. Olivers B after further sales at 38.50 and $8 60 close quieter at $8. Raubs have ruled fairly active and strong, sales having been effected during the week at $214. $22, $224, and $23, the market ol sing rather quieter at $22. The rough clean up for September gives 2,450 oz. amalgam from 1,450 tons, equal to about 930 oz. pure gold. Great
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