266
THE HONGKONG WEEKLY PRESS AND
bably does not amount to anything very con-
DOCKS, WHARVES, AND GODOWNS.-Hong- siderable, it may develope and cause an im-kong and Whampoa Docks have moved rather portant shrinkage in the Revenue of the Im- erratically during the week with sales at 250, perial Maritime Customs that has been given 248, and 246 per cent. prem., and back again a security for several foreign Loans. Arrange- to 250 and 252 per cent. prem., at which latter ments are being made for the collection rate the market closes firm with bayers cash of the lixin tar on goods in the in and at equivalent or rather better than equi- terior by the Foreign Customs Authorities, this valent rates forward. Kowloon Wharves con- having been given as part of the security for the
tinue dull and without business at quotations. new Loan, and will doubtless cause the same
Wanchais after small sales at $41 close quiet. amount of trouble and inconvenience that usually
LANDS, HOTELS, AND BUILDINGS.-Hong attend auch innovations in this country. As this kong Lands continue quiet and out of favour will affect the pockets of the Official classes a new
at $74, with little or no business. Hotels have tax is being imposed on native business houses to make up for the loss, and thus further hamper small business to report. Humphreys Estates ruled easier with sellers at 8534 and only a trade. Trade i gradually settling into prop 'r shape in Tientsin, latest advics being more
are obtainable at $81 without finding bayers. encouraging, but they still have a large quantity West Points have changed hands at $20. of goods there to work off. Clearances for other MISCELLANEOUS.-Green Islands have ruled ports are going on satisfactorily of former pur. very quiet and out of favour, and have declined chases, very few fresh orders however are coming to $28 and $14 for old and new respectively in yet. There has been some forward business, without business. Watsons and Ices continue bat mostly in specialities. Prices at Auction on offer at $12 and $107 without finding Are easier for all Grey Cottons, and also buyers. Campbell and Moores could be placed Woollens goods.
at quotation. Other stocks under this head- METALS, 28th March.-(From Messrs. Aler.ing without business or change. Bielfeld & Co.'s Report) :-There has not been much done, the few contracts closed being given below; but there have been a number of offers telegraphed home, these being mostly declined on account of high freights and prices not being up to those obtainable elsewhere. A notable change Whereas has been noticeable in Led this year. during the last year not over 1,000 tons of Bzechuan leil, put on the market in peculiar ingots, were used, more especially by the tea packers, this year a very much greater quantity has been offered, the foreign produce seeming to have fallen into quite second place. The following contracts have been closed: 1,000 cases Bamboo Steel "Double Horse" £12.1.6, c.i.f.; 50 tons Steel Plate Cuttings 90s. c.i.f.; 200 tons Steel Test Pieces 948. c.i.f.; 200 tons Glasgow Horse-shces 868. c.i.f.: 150 tons London Cact-tyres 101a. c.i.f.; 100 tons Scrap Iron 80s. c.i.f.; 20 tons Ship Plate to £7. o.i.f; 25 tons Black Iron Sheets, 16 to 26, £3.10 c.i.f; 120 cases Galv. Corr. Sheets, 26 to 23, 212.17.6 cli.f ; 60 cases Galv. Plain
Sheets, 28, £13.6.6 c.i.f.
JOINT STOCK SHARES
· HONGKONG, 1st April.-A fair business has been put through during the week at steady rates. Settlements on the 31st March, which were unusually heavy, passed off satisfactorily and did not affect the market to any extent.
BANKS.-Hongkong and Shanghais have ruled quiet and more or less nominal at 184 to 185 per cent. prem; very few shares have changed hands, but small lots are now wanted at 186 for cash and at equivalent rates on time. Nationals unchanged with a small business.
MARINE INSURANCES.-The market con- tinues dull all round with little or no business to report. China Traders, Cantons, and Unions are on offer at quotations, whilst the Northern Insurances
from Shanghai. are obtainable Straits have been enquired for to a limited extent at $13.
FIRE INSURANCES.-Continue weak with no business. Hongkongs remain on offer at $335 and Chinas at $99.
SHIPPING.-Hongkong, Canton, and Macaos after ruling quiet all the week came into some demand over settlements and a fair business was done at $264, $267, and $27, market closing with sellers at $27. Indo-Chinas have been in request and have changed hands at $60, $60, closing steady to strong. $61, and $62, Douglases continue on offer at $58 without business. China Manilas and China Matuals remain unchanged.
REFINERIES.-China Sugars have ruled very steady at $166 and have changed hands at that and at much better than equivalent rates for time, chiefly May and June, at $172 and $173. Luzons continue weak and with -8 small business.
MINING-Punjoms have ruled somewhat weaker with sellers and but few sales at $6.50 and $6.25. Olivers and Balmorals continue
out of favour and on offer at quotations with but little business to report. Charbonnages have changed hands at $150 for June, but remain with cash sellers at $140. Jelebus have declined to $14 with sales. Raubs have ruled exceptionally strong and after fair sales at $254, $251, $251, &c., have jumped to 8281; advices from the South of an anticipated good orushing are responsible for the rise.
Closing quotations are as follow :-
PAID UP.
COMPANY.
Banks
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. China Sugar Cotton Mills-
Ewo... Hongkong International Laou Kung Mow Boychee Yahloong Dairy Farm Co. Fenwick & Co., Geo..... Green Island Cement...
Do. New Issue H. & China Bakery Hongkong & C. Gas Hongkong Electric H. H. L. Tramways Hongkong Hotel Hongkong Ice
QUOTATION.
[$357, buyers $125 186 % prem-
£5 nominal £3 109. nominal
£1 £5.58., buyers
£8 $'9, sales £1 $19
£1 nominal $10 $8.75, buyers $100 $167, sales
Tls. 100 TIs. 100, sellers $20 $31, sellers TIs. 106 Tls. 110 ...Tls. 100 Tls 103 Tls. 500 Tla. 505 Tls. 100 Tls. 93
$6 $51 $25 $30
H. & K. Wharf & G... Hongkong Rope.....
H. & W. Dock
Insurances-
Canion.... China Fire China Traders' Hongkong Fire North-China Straits Union Yangtaze 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
Dor-Preference Oliver's Mines, A. Do. B. Punjom
Do. Preference... Raubs
New Amoy Dock Steamship Coy.-
China and Manila China Mutual Ord... Do. Preference... Do.
Do.
Douglas S. 8. Co.... H., Canton and M... Indo-China S. N. ...' Tebrau Planting Co....
Do.
United Asbestos.......
Do. Wanchai Wareh’sa Co. Watson & Co., A. 8. ...
!
$10 $28, sellers $21 $14, sellers $50 $33 £10 $125 $10 $91, sales $100 $:05
$50 $531, buyers $25 $107, sales & sellers $50 $57, sellers $50 $164, sellers $125 252 p. ct. prem.
[$440, buyers
$50 $125, buyers $20 $98, sellers $25 $64, sellers
$50 $335, sellers £25 Tls. 158, sellers $20 $13, buyers $50 $217), buyers $60 $140, sellers
$50 $74, sales & sellers $10 $8, buyers $30 $17
$40 $20, ales $100 $39, sales
Fes. 500 $140, sellers $5 $5.40, sellers $21 $2.60, sellers $5 $14, sellers $ $1.30, sellers $1 $1.50, sellers $5 $181, sellers $2 $5.25, sellers $5 $6.25, buyers $1 $1.90, sellers 148. 10d. $23, buyers
g10 $17, ex div.
$50 $74, sellers £10 £7 58., ex div. b. £10 £5 ex div. buyers £5 £2 108., ex div. b. $50 $58, sellers $15 $27, seller. £10 $62, sales & buyers
$5 $5, sellers
$2 $2, sellers
$2 $1.40, sales
$10 $10, nominal
$37) $41, buyers
$10 $12, sales & sellers J. V. Y. VERNON, Broker.
B
share
fApril 2, 1898.
Shanghai, 28th March-(From Mesara, J. P. Bisset & Co.'s Report)-Business has not been Unsettled politics, Barcity of ready brist. money, and the approaching settlement, have all Banks.-Hongkong and Shanghai interfered.
sales have been Banking Corporation.-Cash made at 194 and 195 per cent premium, and for June at 202 per cent. Marine Insurance.--China Traeers' Insurance shares changed hands at $65, North Chinas are offering at Tls. 200. Fire Insurance. There is no local business reported. Shipping.-Hongkong, Canton and Macao steam. boat shares were placed to Hongkong at $26.50 A fair business was done in Indo-China S. N. June locally, and to Hongkong at $60 cash and shares at Tla. 43.50 cash and Tls. 46 for the 80th
$60.50 for the 30th April. China Mutual $. N. Preference shares were sold at Tls. 60 and. Ordinary shares at Tls. 26, cum the dividends of per cent. and 6 per cent. respectively. Sugar"- Companies.-Perak Sugar Cultivation shares were placed at Tls. 39 and Tls. 40 cash, Tis.-41.60 Luzon Sugar Refining shares were for June. purchased from Hongkong at $42. Mining. Sheridan Mining
Bre wanted.
Baub Australian Gold Mining shares were placed at $29 for the 10th April. Cash shares are offering at $27. Docks, Wharves & Godowns.-Business has been done in Boyd & Co. shares at Tis. 195. Shanghai Dock shares at Tls. 87.50 cash, Tis. 85 for March, and Tls. 90 for June, and Shanghat and Hongkew Wharf shares at Tls. 126.50 oùm2 Shanghai div. Lands.No business reported. Land Investment shares are wanted at Tls. 90- and held for Tis. 92.50. There are sellers of Hongkong Land Investment shares at $74- Industrial. Shanghai Gas shares were sold at Tis. 215. Major Brothera, Limited.-The Direc tors' report and statement of accounts for 1897 have been published. The meeting of share- holders will be held on the 25th current. The profits amount to Tk. 12,109 38, equal to 4.40 per cent. on the paid up capital, as against 2.62 per cent. in the previous year. From this is deducted the debit balance of Tis. 2,474.07 brought forward, and the balance of Tls. 0,685.81 is placed to Depreciation and Adjustment account. In Cotton Mill shares, Internationals were gold at Tls. 112-110 cash, and Tls. 112 for both- March and April, and Soy Chees at Tls, 505, Tis;- 490 and Tls. 505. Laou-Kang-Mows are offering. China Flour Mill shares were sold at Tls. 55. Tags and Cargo Boats.-Shanghai Tug Boat Com Ltd.-The Directors' Report and statement of accounts for 1897 were presented and passed at a meeting of shareholders held on the 23rd instant The net profits for the year amounted to Tla. 31,181.38, equal to 31.18 per cent. on the Capital, as compared with 85.59 per cent. in the previous year. Including a balance of Tls. 486.72 from 1896, and deducting Tls. 15,000 paid in three interim dividends of 5 per cent., there remained a balance of Tls 16,668.10 to divide. A sum of Tls.9,000 was places to Reserve, which now stands at Tls.75,000, and a final dividend of 5 per cent, was declared, making 20 per cant. for the year, which leaves a balance of Tls.2,668.10, out of which a bonus of one month's pay to the employem of the Company will be paid. Shanghai Cargo Boat shares were placed, and are offering, at Tis. 180. Miscellaneous.-Shanghai Waterworks Co., Lt.rem. The Directors' Report and statement of accounts for 1897 have been published for the meeting of shareholders called for the 6th April. The balance of working account is Tis. 145,663.23, which exceeds that of 1896 by Tls. 28,362,34, The net profits, after writing off Tls. 10,668.86 for Depreciation, amounts to Tls. 123.390.42. equal to 18.53 per cent. on the capital, as com. pared with 14.35 per cent. in the previous years, Deducting the interin dividend of 15 shillings- paid in July at exchange 2/8, and adding the balance of Tis. 8,421.26 from the previous year, there is a sum of Tls. 91,311.68 at credit of Profit and Loss, out of which the Directors recommend the payment of a final dividend of 25/0 per share, at exchange 2/54 equal to Tls. 72 05.64, and to place Tls. 10,000 to the credit of the Reserve Fund, which will then stand at Tlɩ 30,000, leaving, a balance of Tls. 8,706.64 to be carried forward. Shanghai-Sumatra Tobacco shares were sold at Tls. 85-81.50 cash, and Tls. 92 for both July and August. Shanghai-Langkat Tobacco shares changed hands, and are offering, at Tls. 300. J. Llewellyn & Co. shares were placed at $60, and Hall & Holtz ebares at $10. Loan 3. Shanghai Land 5:50 per cent. Debentures were sold at par, plus the accrued interest.
Quotations arO :—
BANKS,
Hongkong and Shanghai.—$368.75. Bank of China and Japan, defd.—£5.6,0.
Do, ordinary.—Nominal.
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