354
Composition Nails
Japan Copper, Slabs......
Tin
Tin-Plates
Tiles
SUNDRIES
THE HONGKONG WEEKLY PRESS AND
.451
140
[April 30, 1898.
forced sale has been reported at 250. Shares could be placed forward, but holders will not part at equivalent rates. Kowloon Wharves have been enquired for at $54) and small sales have resulted; more shares could be placed at that with "financial facilities." Wanchais have changed hands at $41.
MISCELLANEOUS.-Green Islands continue dall with sellers of old issue at $28 and new at $124. Watsons have changed hands at the reduced rate of $114. Nothing else to report under this heading.
to
ON NEW YORK.—
35.00 to
Bank Bills, on demand
20.00 to
Credits, 60 days' sight
.463
to
ON BOMBAY.-
per box.
Telegraphic Transfer..
6.10 to
Bank, on demand...
.141
per cwt, case
ON CALCUTTA.—
Steel & to t
5.75 to
Telegraphic Transfer.
.140
Bank, on demand.
.141
per picul
Quicksilver
ON SHANGHAI.—
130.00 to
Bank, at sight
.74
Window Glass
Private, 30 days' sight.
.744
ON YOKOHAMA,—-
Kerosene Oil
On demand.
.7% pm.
Banks-
.11% pm.
.13% pm.
.10.67 56.25
per box 4.35 to per 10-gal. caes
1.89 to
SHANGHAI, 23rd April.-(From Messrs. Noël, Murray & Co.'s Piece Goods Trade Report).- There is an indescribable feeling of uncertainty over the trade still which is hampering business very considerably, and it has not been lessened by the reported outbreak of hostilities between the United States and Spain. The first effect of this appears to be a rise in Colton at home, followed by a prohibitive advance in prices in Manchester, in consequence of which holders of these goods have been advised not to hurry sales. What the effect will be on American makes seeing more doubtful, but the inclination appears to be to sell, judging by the transactions reported this week. As regards the political complications that more nearly concern us, nothing further has transpired tion to occupy Weihaiwi, when tho Japanese
since the announcement of the British determina-
evacuate it next mouth, as an offset to Russian occupation of Port Arthur and other Ports in the North. How this will in any way protect British trade with the Northern Provinces remains to be 8 cen. Attention during the interval has been paid mostly to American makes, some fair lines of which have found buyers from stock at about previous prices, but forward enquiry is quiet. Ia Manchester makes transactions have been on quite a retail scale and very little forward buying has been indulged in. Firaer prices were paid at the Auctions for most of the gods offered. Rither more favourable advices have come in from the Outports and clearances generally are fair. The Newchwang market is slightly better and should improve, considering the good prices being realised for all kinds of produce. In Tientsia deliveries are going on more freely and a steady business is being done in American Sheetings es- pecially. The Hankow market is steadier and there is a better demand for 12 lbs. ani oʻher heavy Shirtings. Local Mills. The progress of this in- dustry is shown by the declaration of a three per cent. dividen 1 on its capital by the International Cotton Manufacturing Co., L., and placing Tis. 30,000 against its overdraft with the Binks, as the result of the last six months' working, which is equal to about 15 per cent, per annum. This is rather a contrast to the Japanese Mills that are suffering from over production, and it has been proposed that the export should be en- couraged by fictitions means, which can only have one ending.
METALS, 25th Aɔril.-(From Messrs. Aler. Bielfield & Co.'s Report):-From the north are not such as to improve the market, Tientsin having ample stocks to meet present demands, New. chwang requiring very little and Chefoo with only a fair demand, which there is no hurry to meet. As a result of these reports and telegrams from home, where prices are easier, the market has been flat, with a tenency to let holding go, or even to book orders slightly below quotations. This is especially the case in Nailrods, whitch may be had at less than in the contract we quote. The following bas been done: -280 tons Bar Croppings, square, flat and round at 1008, tv 1058., c.i.f., 300 tons
Shair Nailrods at 1249. c.i.f., 3,300 kegs Wire Nails at 93. 3d..c.i.f., 450 tons Bar Iron at 1263. to 129s. c.i.f., 200 tons Cart Tyres at 107s. c.i.f., 50 tons Boiler Tubes at 935. c.i.f.
EXCHANGE.
FRIDAY, 29th April. ON LONDON.-
Telegraphic Transfer
.1/101 Bank Bills, on demand
..1/10,7 Bank Bills, at 30 days' sight 1/10 Bank Bills, at 4 months' sight ...1/10 Credits, at 4 months' sight ....1/10 Documentary Bills, 4months' sight 1/11 On PARIS-
Bank Bills, on demand Credits, at 4 months' sight
́ON GERMANY.--
On demand
2.36 .2.40$
......1.91
|
ON MANILA.--
On demand.. ON SINGAPORE.
On demand.
SOVEREIGNS Bank's Buying Rate GOLD LEAF, 100 fine, per tael
JOINT STOCK SHARES. HONGKONG. 29th April-The market has continued dull and inactive, and rate shows a further decline. The approaching settlements and the difficulty of obtaining advances on stocks have accentuated the weakness reported last week'
BANKS.-Hongkong and Shanghais have continued quiet with a small business at 183 per for in a small way at that rate. Nationals un- ceut. prem., and at time of closing are inquired
changed and neglected.
MARINE INSURANCES.—China Traders have changed hands at $63 and $634, closing with sellers at the latter rate. Unions and Cantons have changed hands in small lots at quotations, whilst Yangtszes and North Chinas continue dull and without business. Strails remain out of the market at $11.
FIRE INSURANCES.-The market is still neglected, with no business to report, Hong. kongs closing at $332 and Chinas at $98.
SHIPPING. Hongkong, Canton, and Macaos have changed hands during the week at $271, $274, and $264, closing with sellers at the last rate for cash and at equivalent rates May and June. Indos have declined to $60} after small sales at $62 and $61, market closing steady at $61. Douglases continue unchanged with sales at $58. "China Manilas neglected with sellers and no sales at quotation. China Mutuals unchanged and without business.
REFINERIES-China Sugars have suffered a sharp decline; with shares on offer in the early part of the week at $166 and no buyers, the rate quickly fell without sales to $162 and $161, at which a few shares changed hands; at time of closing the market is quiet at $161, although shares could be placed at that rate with advance facilities, or what is locally known as "ex Bank;" shares are inquired for at equivalent rates forward. Lazous remain neglected at quotation, but hol- ders are not offering to part at the present rates.
MINING. Panjoms have ruled very quiet and weak with only very small sales at quota- tion. Olivers, Balmorals, and Jelebus continue quiet and neglected at quotations, with a small business to report Raubs. have changed hands in fair lots, chiefly on Singapore orders, at $28, $27%, and $274, closing steady at $284. Shares are enquired for forward without finding sellers. Charbonnages continue dull and sales have been reported at $130. The local managers advertise a new issue of shares, applications to close on 1st May. No particulars are published, but it is understood that is the intention of the Direction to reduce the present capital by half, making shares francs 250 in lieu of francs 500, and issuing 4,000 new shares of francs 250 each to the extent of francs 1,000,000. It is believed that present shares will have the pre- ference in the new allotment, but there appears to be some doubt about it, inasmuch as a telegram lately received urges the advisability or the necessity of allotting a large proportion to the public.
LANDS, HOTELS, AND BUILDINGS.-Hong- kong Lands have been on offer during the week at $73 without leading to business and close with sellers at that rate. Hotels have
ruled quiet with small sales at quotations. West Points and Humphreys have been offer- ing at quotations without business.
DOCKS, WHARVES, AND GODOWNS.-Hong- kong and Whampoa Dooks have suffered by the general set-back and have changed hands at 253 to 252 per cent. prem., and a small
Closing quotations are as follow:-
[PAID UP. QUOTATION.
COMPANY.
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 Lacu Kung Mow Soychee Yahloong Dairy Farm Co. Fenwick & Co., Geo. Green Island Cement... Do. New Issue...
II. & China Bakery Hongkong & C. Gas Hongkong Electric H. H. L. Tramways Hongkong Hotel Hongkong Ice
...
H. & K. Wharf & G., Hongkong Rope.... H. & W. Dock Insurances-
Canton..... China Fire China Traders
Hongkong Fire
North-China Straits Union Yangtsze.
Land and Building-
H. Land Investment.
[$355, sellers
$125 184 1
£5 nominal
£4 nominal
£1 £5.5s.
£8 $18
prem==
£1 $18 £1 nominal $109, ex div. $100 $181, sal. & sellers.
Tls. 100 Tls. 100
$40 $274, sellers [TI8. 100 TIs. 110 Tls. 100 Tls 104 Tls. 500 Tls. 520 Tls: 100 Tls. 90
$6 $53 $25 $30, buyers $10 $27, sales
$2 $12, buyers $50 $33 £10 $125 $10 $91, sellers $100 $106
$50 $53, buyers $25 $106, sales $50 $51, buyers $50 $164, sellers $125 250 p. ct. prem.= [$437, buyers $50 $137, sal. & buyers $20 $98, sellers $25 $63, sal. & sellers $50 $332, sellera £25 Tls. 200, buyers $20 $11, sellers $50 $225, sales $60 $134, ex div. sel.
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. 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 Warelse Co. Watson & Co., A. S... .....!
$50 $73, sellers $10 $81, sellers
$30 $17, sales & sellers $40 $20, sellers $100 $35, buyers
Fes. 500 $130), sales
$5 $5, cellers
$21 $2.30, buyers $5 $1.40, buyers $1 $1.00, sellers $1 $1.20, sellers $5 $18, sellers $21 $51, sellers $5 $1, sales $1 $1.70, sellers 14s. 10d. $281, buyers
$10 $18, sales
J. V.
$50 $81, sellers £10 £7 108., buyers £10 £5 58., buyers
£5 £2 12s. 6d,, buyers $50 $58, sales $15 $264, sellers
£10 $61, sales & sellers
$5 $5, sellers
$2 $3, sellers
$2 $1.40, buyers $10 $10, nominal $371 $41, sales $10 $11, sellers Y. VERNON, Broker.
SHANGHAI, 25th April.-(From Messrs. J. P Bisset & Co.'s Report)-The market has been very dull during the week, on account chiefly of the scarcity of money. The news of hostilities between Spain and the United States of America has had a tendency to weaken Hongkong and Shanghai Bank shares. Banks.-Hongkong Shanghai Banking Corporation-No local incss has been reported this week, on account of the absence of bayers. Marine Insurance. Bus- iness has been confinel to North China Insurance shares at Tis. 198, at which a few more are wanted. China Trader's shares are wanted at
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