434
cases
THE HONGKONG WEEKLY PRESS AND
6 boxes feathers, 9 boxes blackwoodware, 1 package cassia, 174 bales canes, and 332 rolls mats. For Havre Option Hamburg:-208 boxes camphor, 30 cases essential oil, 60 bales canes, and 440 rolls matting For Harre/Hamburg and/or London:-350 cases camphor, and 15 cases vermillion. For Paris:-80 bags coffee. For Hamburg: 510 cases camphor, 4 essential powder, 145 bales rattanware, 15 boxes China paper, 560 packages canes, 401 cases cassia, 4 cases ginger, 4 casks ginger, 1,200 pakcages tea, 50 cases bristles, 10 cases essential oil. 10 bales rattans, 50 cases gallnuts, 117 bales feat-33.60. hers, 3 rolls matting 16 packages merchandise, and 2 packages sundries. For Antwerp:-125 packages tea. For London:-134 cases camphor. For Lisbon:-18 packages china and lacqd, ware,
OPIUM.
◊
to 2 0 to 2
(5/7 ) $800 Persian. Prices have à clined during the past week, although business has been up to the aver age. Oily drug closes at $490 to $60 and Paper- wrapped at $540 to $660 according to quality.
To-day's stocks are estimated as under:-- New Patna.
.1,250 chests.
New Benares
Ma'wa
Persian
550
300'
1100
COURSE OF THE HONGKONG OPIUM MARKET.
-1897.
BENARES.
MALWA.
New. Old New. Old.
780/800
PATNA.
DATE.
New. Old.
$
$
$
$
$
$
Nov. 24
680
7121
Nov. 25 680
712-
760 760
Nov. 26, 681}
710
760
Nov. 27 680
710
760
Nov. 28 680
710
760
1780 800 1780 800
Nov. 29
680
710
760
Nov. 30
6771
710
760
Dec. 1 6821
715
760
780.800 1780,800
780 800 780/800 780, 800
COTTON, HONGKONG, 9th November.-The market is depressed. Stock, about 400 bales.
Bombay
او
[December 2, 1897.
$2.87). T-Cloths.-2,225 pieces 7 lbs. Mexican the transactions that have gone through being Red Slag at $2.4, 1,875 pieces 7 lbs. Silver merely for special chops, and cloths for which it. Lion No. 2 at $1 871, 1,500 pieces 7 lbs. Blue is almost certain there will be the usual outler in Dragon. B B., at $2.324, 300 pie e: 8 lbs. X. X. the Spring. As a rule Importers are not encourag. at $3,375 pivers 7 1ha, 4 Dragon an Flag ating forward business, particularly in American $2,20, 600 pieces 8 lbs. V. V. ab 32.95. 4,725 makes, although it is rumoured that goods" have pieces 7 lbs Mexican Gold Dragon at $2.32). 300 been bought recently in New York for this market. pieces 8 lbs.
Gold Pheasant at $1.95. Drills. It is difficult to understand it, if it is so, as the 75 pieces 16 13. Larre Eagle at $5.35, 450 stock to be carried over at end of the year will be Fieres 16 lbs. Lar Eagle nt 5.35. 150 vicces fully 90,00 bales of Drills and Sheetings. One Mandarin at $3.00. Turkey Reds -350 pieces and to throw up the sponge this week with 16 lbs. Large Engle at $535. 750 pieces 14 lbs. large native operator in this class of goods ling 6 lbs. Clock at $36, 250 pieces 5 lbs. Clock at liabilities amounting to fully Tls. 10,00), and will probably be followed by more, unleas both Foong Chai at $35.80 to $30.
METALS.-Tin-100 slabs Siam at $80, 200 slabs foreigners and Natives combine and refuse to import until the present excessive stock is cleared off. Some such action must take place if further disasters are to be avoided and the trade placed on a sound footing again. Local Mill-All the Mills are hard at work, but they are simply piling up stock as very little can be moved off at present. causing a fall in the price of Cotton, best machine Naturally the high rate of native interest is ginned being now obtainable at Tis. 14.50,
SHANGHAI 25th November.(From Messre. Noël, Murray & Co's. Piece Goods Trade Report)-Our market is in a state of panic owing HONGKONG, 1st December.-Bengal.-The mar- ket has ruled alendy, closing with a slight improve the Out ports, and business is almost at a standstill. to the scarcity of Sycee, not only here but also at ment in the price of New Patun, which is quoted Never before has such a stringency prevailed for at $682).» New Benares has continued at $715.
Malwa. There has not been much doing in the | high for more than a month past, and just at the so long a time, interest having been abnormally interval. Quototions close as under: -
most critical season of the year. New (this yr's) $760 with allowance of 4 to 51 ets.
The market has been denuded of silver by shipments to the Out- Old (214 ) $780
ports, and the inability of the Foreign Bank to by drafts on London, which would have enabled them to import Spree. This was brought about by the action of one of the Banks that had to send money to Europe, on account of the Chinese Government to pay the interest on one of the loans, eleeting to do so by buying up all the bills they could get hold of for months ahead at rat s the other Banks could not look at. The Chamber of Commerce being appealed to by some of the leading honses to try and get the Foreign Banks to do something to alleviate the present severe pressure, addressed a letter to that body, the following being the reply received:"In reply to your letter of yesterday regarding the present stringency in the money market and the exor bitant rate of interest now ruling, and asking the Exchange Baiks to consider if any alleviation can be advised, I have to inform you that the Managers of the Exchange Banks held a meeting yesterday afternoon to discuss the matter. I am instructel to inform you that we carefully con- sidered the question, but regret that we do not see our way to suggest any remedy. Even if action on the part of the Exchange Banks were feasible in the way of pressure on the Native Banks, it is not clear that it would be advisable, nor is it possible that it would be succes-ful. The rate of interest must be ruled by supply and demand. We would further hdd that should any change be made in the direction of deliveries of goods on credit, it would be a very dangerous precerlent." They rightly attribute the present stressful state of affairs in a great measure to over trading by both foreigners and natives alike, brought about by the facilities given by the Ranks to finance operations. This inust undoubtedly lead to a curtailment of the privileges enjoyed so far by Importers and cause them to employ more of their own capital than hitherto necessary, Meanwhile an endeavour is being made to induce here, to prohibit the export of Silver for a few the Taotai, who is the Superintendent of Trade weeks until interest assumes a more normal rate. The position is complicated by the uncertainty in the native minds as to what will be the out- come of the action of the German fleet in sizing Kiaochow Bay, and subsequently proceeling as though they intended to stop, there. This is said to have pralyse the trade in Chefoo and further levelopments are anxiously awaited. In another two weeks the last steamers will be despatch d to Tientsin before that Port cl ses, and goods are not moving off at all freely, it is but as money is just as tight there as it is here,
extremely improbable that much more will be sent up. It is reported that the godowns there direct, an experiment that has proved costly in are fairly well filled with goods that were imported former seasons. The return st amers from New- chwang are about duo now. It was thought that they might bring back a fes lies of Syee, but we understand a telegrain has been received in reply to enquiries that none is coming. There is a moderate enquiry stil for Hankow, but buyers will not operate except at very cheap prices. The other markets are all exceedingly quit. Business from stock being few and far between, and consist has been very circumscribed this week, the sales mostly of cloths that usually appear at Auction, so far as reported, but some transactions are suid to have taken place at low prices for cash, parti- culars of which are not forthcoming. A glance at to-day's Auction prices will show how poor the demand is and the inability there is to buy on speculation. Forward business is very limited,
Kurrachice
Bengal, Rangoon, and
Dacca
$150 to 16.0) p. pl.
15.09 to 15.50 36.0 to 17.00 Shanghai and Japanese.. 19,06 to 19.50 Tangehow and Ningpo., 19.00 in 19.50 Madras (Best).
16,00 to 16.50 Sales: 425 bak s Bengal, Kingoon, and Ducca.
33
"
**
RICE.
وو
HONGKONG, 1st December. 'The demand continues strong and there has been a further large advance in prices. Quotations are:-
Saigon, Ordinary....
$2.92 to 2.08 3.15 to 3.20 3 60 to 3.65
"
Bound, good quality.. Long
Siam, Field, will cleaned, No, 2
Garden,
White
Fine Cargo
COALS.
No. 1
2.00 to 3.00 3.00 to 3.61 4.10 to 4.15 4.10 to 4.26
HONGKONG, 1st December.-Large Contracts for 1898 are reported for Charbonnage on private terms. Also a contract for Miiki Lamp and small is reported. Market quie: for spot cargo, and early arrivals and rates are nominal.
Cardiff $16.50 to 18.00 ex ship, non.inal.
Australian...... $9.00 to 11.00 small. Miki Lump
9.00 to 10.59 nominal. and Small. Moji Lump 7.75 to 10.90 es ship, steady
MISCELLANEOUS IMPOETS.
HONGKONG, 1st December.—Amongst the sales reported are the following:-
YARN AND PIECE GOODS :-Bombay Yarn.- 25 bales No. 6 at $81, 25 bales No. 8 at $79, 670 bales No. 10 at $79 to $88, 11 bales No. 12 at $86.50 to $87.50, 60 bales No. 16 at $87 to $98, 655 bales No. 20 at $91.50 to $97. Grey Shirtings. -700 pieces 7 lbs. Red & Men at $2.1 750 pieces 10 lbs. Palace at $3.41, 250 pieces 10 lb. Blue 7 Boys nt $3.45, 700 pieles 7 1be. 9 Shrimps at $2.10, 1,800 pieces 84 lbs. Snake and Elephant at
|
from
META 8, 26th October.-(From Messrs. Alex Bielfeld & Co's. Report. )-There has been very. little change for the better during the past week, the money market becoming, if anything more stringent. and the reports from the Interior and the North continuing very discouraging. There have been two or three failures amongst the smaller dealers, and the large holders hare been exercising the greatest moderation to avert further disaster, as they fear that but little would precipitate a sump and panic. Reports Home show that the price of Few Iton has risen in consequence of the Engineers' strike, and Old Iron is being used there more than in the immediate past, partly owing to this cause and partly to the fret that freihts are almost prohibtive. The following contracts have been settled during the week-100 tons Coke 478., c. i. f. 80 tons Steel Plate Cuttings 87., c.'i. f., from cal stok; 50 Inos Cart Tyres 1028., 61, c. i. f. At Auction -800 kegs Wire-nails, dimiged, at. Tls3.124. 23 ce: Bamboo Steel, dam ged, at T15.47.
JOINT STOCK SHARES.
HONGKONG, 1st December.-There is no improvement to report in the market, which continues dull and inactive with business very restricted and rates beginning to show signs of weakening.
been on offer all the week without leading to BANKS.-Hongkong and Shanghais have business and at time of closing are obtainable equivalent rates forward. Nationals quiet at at 176 per cent. prem. cash and at about $23 and without buisness.
MARINE INSURANCES.-China Traders have again changed hands in small lots at $70, but the demand at that rate
seems to be satisfied and no more shares could be placed at present. Unions, Cantons, Straits, and the Northern Insurances remain unaltered but weak and without business at quotations.
FIRE INSURANCES.-Hongkongs continue on offer at $367 and small sales of Chinas at $106 have taken place, market closing quiet.
SHIPPING. Hongkong, Canton and Macaos have ruled steadier and a demand at $287 cash from the has not been met. Indos remain on offer North. Douglases are further reported at $57 and close with buyers at that rate. China and Manila and China Mutuals without change or business.
REFINERIES.-China Sugars with sellers from the North have again declined with small sales at $159 to $158 and later at $157. Luzons quite neglected with sellers at quotation.
Olivers B
MINING.-Punjoms weakened in the early part of the week, changing hands at $4.50 and $4.40 for Ordinaries and $1.30 for Preferences, market closing steady at $4.50 and $1.30. Charbonnages have found buyers at $105 and close with tiated in small lots at $2.10. further small Buyers. Jelebus have been nego- have changed hands at $8.25 and Great Easterns at $3, both closing steady at these settlements weakened with unimportant sales rates. Raubs with shares offering over at $23, $221, $22, and finally at $21 for cash; a small demand exists for forward shares at a fair equivalent of the last named rate, but holders demand higher; the market closes steady at $214.
business to report under this heading, but all DOCKS, WHARVES, AND GODOWNS.-No
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