3
18
THE HONGKONG WEEKLY PRESS AND
The remoteness of the situation and the strong hand of a vigorous and able Viceroy have in a measure saved the Southern Provinces from the consequences of the political disturbances in Peking, and if this state of things continue, dealers lead us to expect a return of the demand after the turn of the month, but predict a lower range of values. It is reported that the country is entirely bare of stocks, and when buying does commence, it will be sudden, excited, and of short duration. The market closes quiet, but we be- lieve bottom has been reached and an under current of strength is apparent which is giving holders some encouragement.
so far no business has transpired. Filatures. Owing to the firmer rates asked and obtained for coarse sizes, prices have hardened for all descrip- tions. Buyers for Native Fongee manufacture were obliged to pay the rates asked in order to put in hand forward contracts. An advance of 120 to $30 per picul was thus established all round, there being little offering, and most of the dealers keeping back supplies. From prices paid we quote: $785 for Kwong Pou Kee 9/11, $780 to $775 for Miu King Lun and Kwong Shun Cheong 11/13, $770 for Cheong Kee 9/11, $760 for Victoria 9/11, and Kwong Wo Hang 11/13, $740 to $730 for Chung Sun Hang, Yik Kee and Cheong Kee 10/12, $720 for Wong Yuk Kee 10/12, $715 to $710 for Kwong Họ 13/15, $720 to $710 for U Hau Cheong 20/24 and 24/28, $700 for Sui Lun Hing 16/20, $660 average for Yee Wo Lun 11/13 and 18/15. Short-reels.A fair business has been done at hardening prices. From settlements reported we quote: $780 to $770 for Kwong Wo Hing 14/16, $760 for Kwong Wo Hang, $780 for Yu King Lun and Kwong Wo Ching 14/16, $720 for Tai King Lun and Yik Kee 14/18 8. R., $710 Raw Cotton-Indian cotton has suffered during for Man Po Lun 14/16. Waste.-Quiet, prices the fortnight, and offers for Bengal staple have firm. We append quotations in Canton, with lay-been lower. The total business reported, consists ing down cost in London and Lyons, Exchange 4 months' sight, 1/114, and Fcs. 2.50 per Dollar :-
CAMPHOR.
HONGKONG, 6th July. Prices are further ad. vancing, and the market is good. Quotations for Formosa are:-$92.75 to $93.00; sales 350 piculs.
SUGAR.
HONGKONG, 6th June.-A further advance in prices is reported, the market being brisk. Quotations are--
"
Shekloong, No. 1, White......$7.80 to $7.85 pel.
do.
2, White... Shekloong, No. 1, Brown "2, Brown No. 1, White.
do./
Swatow,
1, White...
do.
**
2, Brown
7.17 to 7.22 5.35 to 5.40 5.15 to 5.20 7.85 to 7.90- 7.25 to 7.80 5.20 to 5.25 5.10 to 5.15 .11.74 to 11.78 10.35 to 10.40
35
do. Swatow,
No. 1, Brown
Foochow Sugar Candy Shekloong
15
"J
14
OPIUM. HONGKONG, 6th July. Malwa,-The market remained dull and a small business has transpired on easier terms, 2 years at 890/940.
Bengal.-Owing to the stringency in the money market and the general want of confidence, our market on the whole has ruled dull, and we close with a weak market at $955 for both New Patna and Benares, and $1,045 for Old Patna.
Persian.--Best quality is quoted at $880/900.
Patna... Benares.
Malwa
Persian..
STOCK.
.1,303
378
661
.2,230
COURSE OF THE HONGKONG OPIUM MARKET.
PATNA.
BENARES.
MALWA.
Local Manufacture.-In
with sympathy imported spinnings these threads continue very quiet.
Japanese Yarn.--Some forced sales of about 300 bales Settsu No. 208. at from $93 were effected during the earlier portion of the interval, but the decliner seems to have been subsequently arrested by favourable telegraphic advices from Japan, and the market closed firm.
of only 120 bales, say 100 bales superfine machine- ginned at $234, and 20 bales middling Bombays at $201, leaving an estimated unsold stock of about 3,500 bales on the market. Nothing has been done in other descriptions. Quotations are: -Bengal $18 to $23, Rangoon 317 to $22, and China $25 to $26.
Exchange on India steadily advanced and touched Rs. 150 for T/T, but after slight fluctus- tions closes to-day at Rs. 149 for T/T and Rs. 1494 for Post. On Shanghai 704 nominal.
For the two weeks ending 1st instant the undernoted business in Indian, Japanese and Local spinnings is reported from Shanghai, the proximity of the markets to the seat of the disturbance almost stopping trade, viz :—
Indian.---Total sales 169 bales, comprising 483 bales No. 168. and 361 bales No. 108., prices showing a decline of 5 to 6 Tis, and market closing very week. Estimated unsold stock about 57.000 bales.
Japanese.-Total sales about 3,000 bales chiefly by speculators on the basis of Tls. 68 to 62 for No. 16s., and Tls. 70 to 64 for No. 208., prices showing a decline of 6 Tls. and market closing very weak and declining. Estimated unsold stock about 18,000 bales. Evidently the trade has been passing through a serious crisis and the Cotton Yarn industry of Japan is receiving its death blow.
Local Business has been confined to sales of about 600 bales No. 14s. (unpacked bales) at from Tla. 69 to 70; resales of bundles having being effected at from Tls. 63 to 68 for No. 128., Tla. 64 to 70 for No. 148., and Tle. 68 to 70 for No. 168., market closing weak.
RICE.
HONGKONG, 6th July.-The weakness continues, and prices are consequently declining. Quota- tions are:-
[July 7, 1900.
T-Cloths-6lbs. (82 in.), Ord'y. 1.65 to 1.80
7lbs. (32,,),
1.90 to 2.10
6lbs. (32,, ), Mexs. 1.80 7lbs. (82,, ),
"
2.00
2,85 to 2.70
8 to 8.4 oz., (36 in.) 2.70 to 8.40 Drills, English– 40 yds., 14,to
16 lbs..
FANCY COTTONS--
Turkey Red Shirtings-14 to 8 lbs
Brocades-Dyed
Chintzes-Assorted Velvets-Black, 22 in. Velveteens-18 in.
4.10 to 7.00
1.70 to 7.00
4.20 to 5.20
per yard
0.08 to 0.17
0.26
6 to 0.85
0.23
per dozen
Handkerchiefs-Imitation Silk 0.40 to 2.50
WOOLLENS—
per yard Spanish Stripes-Sundry chops.0.00 to 1.70 Habit, Med., and Broad Cloths 1.55 to 1.75
per piece 6.70 to 10.80 6.80 to 10.40
Long Ells Scarlet
Assorted
Camlets-Assorted Lastings-30 yds., 31 inches, Assorted Orleans-Plain
12:50 to 21.00
11.50 to 22.00
8.50 to 10.00.
per pair.
Iron-Nail Rod
Square, Flat Round Bar(Eng.)5.50 to
Blankets--8 to 12 lbs.
4.20 to 18.00
METALS--
per picul
5.50 to
7.75 to
6.00 to
6.25 to
9.50 to
2.60 to
Swedish Bar
Small Round Rod.
Hoop to 11/2 in.
Wire 15/25
Old Wire Rope
.10.15 to
Lead, L. B. & Co. and Hole Chop10.50 to
Australian Yellow M'tal-Muntz. 14/20 oz.40.00 to
Vivian's. 14/20 oz. 40.00 Elliot's 14/20 oz. 40.00 to
Composition Nails.
Japan Copper, Slabs
Tin
Tin-Plates..
Steel to { SUNDRIES--
Quicksilver
Window Glass
Kerosene Oil
to
65.00 to
89.00 to
80.00 to
per box.
7.75 to
per owt, case 7.00 to
per picul
166.00 to
per box.
6.20 to
per 10-gal. care, 1
2.88 to
CLOSING QUOTATIONS.
EXCHANGE.
ON LONDON.--
Telegraphic Transfer
Bank Bills, on demand.
Bank Bills, at 30 days' sight
Bank Bills, at 4 months' sight...2/0
FRIDAY, 6th July.
.1/117
.1/1148
.2/0
Credits, at 4 months' sight..
2/0
г
Documentary Bills, 4 months' sight2/07
Saigon, Ordinary
$2.80 to 2.85
ON PARIS.-
"
95
Round, Good quality Long
3.03 to 3.08
Bank Bills, on demand
2.501
3.24 to 8.27
Credits, at 4 months' sight
2.55
Siam, Field mill cleaned, No. 2
2.95 to 8,00
ON GERMANY.---
13
Garden, White
No. 1
Fine Cargo
3.28 to 3.33. 4.00 to 4.05 4.22 to 4.27
On demand..
2.034
ON NEW YORK.-
""
Bank Bills, on demand
484
Credits, 60 days' sight.
491
ON BOMBAY.—
Telegraphic Transfer
.149 ·
Bank, on demand
1494
149
.1494
71
72
2) p. 6. pm.
DATE.
New. Old. New. | Old. New. | Old.
1900. $ $
$ $ $ July 1
.997 1,085 997 1,045 880 910/40 997 1,085 July 2
997+
880 1,045
910/40 July 3 997 1,085 997 1,045 880 910/40 July 4 997 1,085 997 1,045 880 910/40 July 5 997 1,085 997 1,045 880 910/40 July 6 997 1,085 997) 1,045 880 910/40
COTTON.
HONGKONG, 8th July. Very small sales at lower rates, closing dull and weak. Stock, about 4,000 bales. Rombay, Kurrachee,
Bengal (New), Rangoon,
and Dacca,
.20.00 to 22.00 picul.
to
·
21.00 to 23.75
Shanghai and Japanese, ...25.00 to 26.00 Tungchow and Ningpo,......25.00 to 26.00 Madras (Best.),
Sales: about 400 bales.
YARN.
to
**
Mr. P. Eduljee says in his Report, dated Hongkong, 6th July. The same utter stagnation prevatils as last reported, there being no buyers in the market, while in the item of deliveries a heavy falling off is noticeable. The new business done last fortnight comprises a few forced sales, but the prices realised cannot be accepted as a fair indication of the market, and towards the close quotations have become purely nominal.
---
MISCELLANEOUS IMPORTS. HONGKONG, 6th JULY.-Among the sales reported during the week are the following:-
YARN AND PLECE GOODS.-Bombay Yarn:-- 50 bales No. 8 at $90, 850 bales No. 10 at $81 to $93, 600 bales No. 12 at $87 to $90, 400 bales No. 16 at $88 to $98, 1,400 bales No. 20 at $85 to $100.
METALS.-Quicksilver.—100 flasks at $168. COTTON YARN—
Bombay-Nos. 10 to 20s English-Nos. 16 to 24,.
22 to 24...
"
**
28 to 32, 38 to 42,
COTTON PIECE GOODS--
Grey Shirtings-6 lbs.....
ON CALCUTTA.—-
Telegraphic Transfer Bank, on demand ON SHANGHAL-
Bank, at sight Private, 30 days' sight. ON YOKOHAMA.—---
On demand
per bale $74.00 to $ 99.00 114.00 to 120.00 | ON MANILA.—.
.116.00 to 122,00
129.00 to 133.00 .147.00 to 154.00
On demand
ON SINGAPORE.—
On demand
ON BATAVIA.
On demand ON HAIPHONG:
On demand
7 lbs...
8.4 lbs.
9 to 10 lbs.
White Shirtings-54 to 56 rd.
per piece 2.00 to 2.10 2.20 to 2.25 2.75 to 3.60 3.70 to 4.65 to 2.75 2.55 58 to 60
3.00 to 3.75 64 to 68 4.00 to 4.75 Fine
5.00 to 7.75 Book-folds. 4.35 to 6.25 Victoria Lawns—12 yards 0.75 to 1.50
2}p.c.pm.
......p.c.pm.
1197
\....8 p.o.pm
24p.c.pm.
ON BANGKOK :-
17
On demand
60.
*#
SOVEREIGNS, Bank's Buying Rate
..9.94
GOLD LEAF, 100 fine, per tael
.53
---
BAR SILVER, por os
28,
ON SAIGON :-
On demand
...
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