The-Hong-Kong-Weekly-Press-1899-03-25 — Page 18

254

COURSE OF THE HONGKONG OPIUM MARKET.

DATE.

Mar 19

PATNA.

DENARES.

NALWA.

New. Old. New. Old. New. Old.

-1899. $

$

$

Mar. 18

8271 815

$45

700

830

815

845

700

Mar. 2

8371

8172

850

700

Mar. 21

8371 8171

850

700

Mar. 22

8371 820 850 700

Mar. 23

Mar. 24 835

8521 700 700

840 8221 840., 8223 8524

740/770-800 850

RICE. HONGKONG, 24th March. The decline still con- tinues, the market being dull. Quotations are :—

Saigon, Ordina y.

Round, good quality. Long

Siam, Field, mill cleaned, No,

Garden,

"

White.

Fine Carg

No. I

..$2.55 to 2.60 2.85 to 2.9.1 2 27 to 2 32 3.1 to 3.1 3.17 to 3.2 370 to 3.70 3.93 to .9

MISCELLANEOUS IMPORTS.

HONGKONG, 211h March. Among the sales re orted during the week are the following:-

YARN AND PIECE GOODS :- Bombay Furn.- 50 bales No. 8 at $71, 1,4 U bales No. 10 at 67 to $85, 800 bales No. 12 at $72 to $79.30, 201 bales No. 6 at $81 to $87, 500 bales No. 20 at $80.59 to $87. Grey Shirtings.—300 pieces 83} Ib-. B Joss No. 1 at 2.974, 300 pieces 8 lbs. Blue Dragon at $3.750 pieces 11 lbs. Red Flower at $3.25. While Shirtings -30 pieces Guld Tiger at $6.10, 250 pieces Blue Diagon at $5.10, 300 pieces Gold Tiger at $ti.10. Drills.-200 pieces 14 lbs. Peacock Chop at 83 921, 200 pieces Peacock Chop at $3.921. Bengal Cotton-64 biles at $16.50, Woollen Blanket. 270 | air Scarlet at $0.70.

METALS.-Quicksilver 300 flasks at $145 to

arrive.

THE HONGKONG WEEKLY PRESS AND

carry something over 16,000 packages of Piece Goors and Yarn, the market looking fairly favourable for their reception. A hand to mouth business continues to be the order of things here in plain goods from stock, but there is more doing in Fancies for Hankow, the most notable feature of the week, however, being some very considerable forward transactions in Turkey Reds. Ningpo is commencing to take heavy Shirtings a little more freely. The Auction prices this week have improved on the whole, and so far na they can be taken as any criterion of the market the position looks decidedly firm, but there is no telling what effect the upward move. ment in Exchange may have. The Yarn market is decidedly weak, brought about principally by the haste in which indentors are endeavouring to place their cargo. A fair business has been done in Indian Spinnings from first hands at a dec ine of a tack all round, but the Natives are accepting tael under clo-e prices. Japanese and Local Yarns are weak. Cotton has been bought dur- ing the interval at the stioulated price, 'Ils. 1 1,00, whith it was this morning agreed should continue to be the limit for another werk. The Natives

are asking Tis, 14.50) in anticipation of a demand for New chwang, but if they are di-appointed in their ctation prices must come down as the Local Mills are making a firm and determined

stand,

exp

METAIS, 20th March. (From Messrs. Alex. Bielfeld & Co.'s Report), -Metals.-The news from the North and the River Ports is not encouraging and very little business as been done. Although money is not plentiful it i bowever not tight, but the natives complain of bad business all round, and there appears to be a lack of confidence prevailing. It was anticipated that the market would brighten owing to the opening of the Northern ports, but sellers have been disappointed. A small a nount of business has transpired in old cargo, and good cargo in England, we hear, is scarce Home quotations

for new and old metals are about the same.

We

|

[March 25, 1899. JOINT STOCK SHARES. HONGKONG, 24th March.-The market during the week has ruled somewhat quieter and the only special feature to report is a

ecovery in Bank shares. falling on Good Friday it has been arranged to Owing to the 31st instant

transact the monthly settlemonts on the 29th. demand reported at close of last week con

BANKS.-Hongkong and Shanghais.-The tigning, and meeting with no response, the rate gradually rose to 270 and 271 per cent. prem, with small sales at those and intermediate rates. Another advance in the London rate (to £58) further assisted the market, which closes steady at 271. Nationals are still enquired for at $20 .but no sales are reported.

MARINE INSURANCES.-China Traders con- tinue on offer at $63 with sales, closing quieter with sellers at $62. Unions have changed bands at 8230. Sellers of Cantons at $145 still rule the market. Straits and the Nor- theru Insurances remain dull and without busi- ness at quotations.

neglected with sellers and no sales. Chings FIRE INSURANCES.-Hongkonga continue

have found small buyers at $83 and $524, clos ing quieter at $82.

CHIPPING.-Hongkong, Canton and Macaos have ruled firm with sales at $284. $281, and $29 for cash, and small sales forward at about equivalent rates. Indo-Chinas with some settlement lots ou the market have weakened and sales have been effected as low as $66 and $66); at time of closing market is stendier at1$661 to $67. China and Monilas remain unchanged and without business. Douglases have been on offer during the week at $58 and small sales have been effected at that rate. China Mutuals are still enquired for without bringingout shares.

REFINERIES-China Sugars have changed hands over settlements at $181 and $1814, clos- re able to give Le result of an auction in metaling steady at $182. Luzons remain weak and and it may be here noted that the larger part of

out of the market at quotations. The report which, of course, shows that they have stocks to the metal solt was put up by native dealers,

for 1898, shows a balance at the debit of work-

dispose of. The following transactions in Metals have taken place1-200 tons London Shoes $38, c.i.f.c.; 100 tons London Tyres 1e6s. c.i.f.c.; 500 cases Tin Plates (10 lbs.) 128. 3d. c.i.fc.; 25 cases White Metal 145s. c.i.f.c.; 50 cases Gal- vanised Iron, 28 g. £15 per ton c.i.f.c. At Auction 20 tons Old Cable Wire at Ts. 2.50, 40 tons Old Round Iron at Tls.2.42). 60 tons Old Roiler Tubes at Tls.5/1.79, 135 tons Old Boiler Plates at Tls 1.8/1.4, 75 tons Old Serap iron at Tls.1.90/1.93}, 56 tons Old Thin Iron Plates at Tls 170/1,804, 285 tons Plate Cuttings at Tls.204 2.251. 43 tons Old Telegraph Wires at Tls,1.67, 90 tons Pig Iron at Tis.20,90,

EXCHANGE.

FRIDAY, 24th March.

1/118

1/114 .1/11,o

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, 4months' sight1/113 PARIS.--

SHANGHAI, 18th March.(From Messrs. Noël, Murray & Co.'s Piece Goods Trad. Report. Piece Goods-During the week under review the steamers have been droppin in on their return trips from Tientsin, but the news they bring of the market is rather meagre. The wide difference in the cost of goods bought here at various times during the closed season appears to bave caused some confusion, the dealers api arntly finding it difficult to determine on a common basis on which to open the trade, causing a certain amount of irritation that the merchants endeavoured to take advantage of. However, some settlement was arrived at, as the following quotations are given as the opening prices paid-American Sheetings. -Blue Elephant Tls. 2.85, Two Boy Tis. 2.87, Eagle and Snake and Sycee Cart Tls. 3.05, Man- darin Tls. 3.03, Boy and Grass Tls. 3.10, Buck's, Hend Tls. 3.15, Appleton Lion Tls. 3.20, Buffalo Head Tls. 3.25, Atlantic Tiger Tls, 3.28, Owl Tls. 3.40, and Indian Head Tls. 3 65. American Jeans.-Pepperell Beaver Tls. 2.48. American Drills.-Bat and Peach and Piedmont Horse Tls. 9.05, Two Rabbit Tls. 3.06, Boott Cock Tls. 3.15, Stark Lion Tls. 3.20 and Pepperell Dragon Tls. 3.30. Grey Shirtings.-7-lbs.-Blue 4 Sister TI. 1.60. Grey Shirtings.-8.4-lbs.-Blue Dragon Shield Tls. 2.10, Three Feet and Blue Dragon and Spur Tls. 2.25, Red Joss and Pagoda Tls. 2.26, Blue Dragon and 7 Boys and Red Pagoda 'l'ls. 2.28. Blue Dragon 10-lb-Seven Girls Tls. 2.65. Two Boys T1-, 2.78, Rabbit and Moon and Painted 8 Literati Tls. 2.90 and Pig's Head Tis. 2.95. White Shirtings.-64-reed-Red 2 Stag Tls. 2.28, Blue Stag, Kungbing Tls. 2.56, do. Tai Wo Tls. 2.58,-finer makes-Pahkwa Tia. 11s. 3.50, Two Boy Tls. 3.58, Two Zu-E Tls. 3.70, Blue Fancy Cap Tls. 3.78, Gold do. Tis. 8.88, Round Dragon Tls. 4.08 and Red Dog Tis. 4.10. English T-Cloths.-32-inch.-Two Ring T. 1.40. Black Cotton Italians.-Five Brothers Tls. 6.00. It is said that prices are not so satisfactory as regards Yarns, the cheap rates at which several of the Spinnings had been laid down, particularly Local Yarns, inducing holders to cut prices in order to effect quik sales, in face of the large shipments which were expected direct from Japan. Later news points to the same course with regard to Cotton goods, which doubt-ON YOKOHAMA,~~~-~ less will continue until the supply of cheap fabrics is cleared off: The steamers have brought | ON MANILA.— back some twenty-five laos, in Gold and Silver. The market, with few exceptions, has been exceedingly quiet during the interval, a little moreactivity in the way of clearances being caused by tlie intended despatch of the steamers to New- chwang to-morrow. It is estimated that they wil

.1.99!

On

Bank Bills, on demand

2.46

Credits, at 4 months' sight

2.491

ON GERMANY.-

On demand

ON NEW YORK.-

Bank Blle, on demand

471

Credits, 60 days' sight

481

ON

BOMBAY.--

Telegraphic Transfer

Bank, on demand..

ON CALCUTTA.———

Telegraphic Transfer

1451

Bank, on demand..

.146

ON

SHANGHAI.-

Bank, at sight

.73

Private, 30 days' sight.

.74

On demand.

On-demand.

ON SINGAPORE :—

1454 146

ing account of $9,19.96, caused chiefly, as ex- plained in the Chairman's speech, by the war now being carried on in the Philippines and by the closing of the Spanish market to the refined sugar of the Company, consequent upon the oc capition of Manila by the United States forces.

MINING-Punjoms (ordinary) have ruled quiet with small sales at quotation, but Pre- ferences have been in demand at $1.85 without finding many sellers. Charbonnages have been enquired for in a small way at $140, but sellers refusing to part under $145, small sales have resulted at that rate. Queens have ruled very weak with sellers and sales at 60, 55, and 50 cents, market closing a little firmer at 60 cents. Jelebus and Olivers B have changed hands at quotations, but Olivers A continue on offer with- out business. Raubs ruled quiet during the early part of the week and changed hands in small lots at $594 and $60, later, however, a small demand sent the rate up to $604, at which some sales took place, and the market closes steady to strong. Great Easterns were obtain- able in the early part of the week at $3.25 and a few shares changed hands at that and at $3.50, at time of closing, however, the market is firmer with sales at $4.

DOCKS, WHARVES, AND GODOWNS.-Hong- kong and Whampoa Docks have been in per- sistent demand by small investors, but the difficulty of obtaining small lots has effectually stopped business and notwithstanding that buyers have been willing to pay considerably over the rates quoted only a very small propor. tion have been satisfied, and the demand for small parcels still continues at the enhanced rate of 320, whilst shares have changed hands · for April at 326. Kowloon Wharves have been quiet and offers to sell at $80 have met with but a small response. New Amoy Docks have changed hands at $161 and are obtainable at that rate. The management proposes a dividend of 20 per cent. for 1898. Wanchai Warehouses continue unchanged and without business.

LANDS, HOTELS, AND BUILDINGS.-Hong- .41 % pm, kong Lands have found investing buyers at $78 and close stendy at that rate. Hotels have been negotiated at $78, $781, 879, and 880, closing steady at the last rate. West Points have changed hands at $28 and Humphreys at $9, the latter being still on offer at quotation. Kowloon Lauds continue in request at $20 to $21, but no shares are forthcoming.

.14 % pm.

On demand..

1 pm. SOVEREIGNS, Bank's Ruying Rate.....10.13 GOLD LEAF, 100 fine, per tael..... ...53.40