August 15, 1803.]
markets and the price of Cotter all tend to bring ab ut this unfortunate position of affairs and with clearances as they are now the market is in a very dissolute condition. The latest quotatic" fr Cotton from Liverpool is 6.62d., but as the Cotton market at the moment appears to be in the hands of a syndicate and as the Lancashire mil's are said to be only working three days a week, this quotation means nothing, but rather indicates a trying time in the near future for the operatives in Lancashire. For the local consu- ming distri ts there has been next to nothing done from first hands, but from Native sources we have been told that the Tientsin des ers have arranged to clear in the near future some 2,000 bales of Indian Spinnings and 1,000 bales of American Goods from second hand holders. This may serve to indicate that there is some tra h in the rumour mentioned in end last issue that the financial difficulties in the North had at last been satisfactorily arranged. The Szechuen and River Ports continue to clear from previous purcha es in a fairly satisfactory manner and they have paid some attention to replacing their stock of Indian Spinni gs by purchasing during the interval some 3,403 bales, chiefly 20s, which they have secured at rather lower prices. Newchwang is said to be doing very little as exchange is against them.
SHARE REPORTS.
HONGKO G, 14th August 1903.-The diffi- culties of finance continue to exercise a very depressing influence of our market, and we have again only a very limited business to re- port. The principal feature of the week under revi w has been the severe decline in Banks, whilst in a lesser degree most of our principal stocks have suffered owing to the prevailing desire to sell and secure sterling remittances at the current favourable rate of exchange.
BANKS.-Hongkong and Shanghais fell rapidly under the pressure of home selling orders, and with unimportant transactions reported at $670 and 8050 nothing of note occurred until $650 was reched, when a fair business was done, the market closing with small buyers at this figure. London is unchanged at £64. 10s. Nationals bave improved their position, the last reported sal: b-ing at $29.
MARINE INSURANCES Unions continue in some request at $4971 with sellers at $500. Chins Traders are quiet with probable sellers at $611. North Chinas have been booked at Tls. 230, and Yangtszes at $132). Cantons have sold and are wanted at $177) with sellers at 8180:
FIRE INSURANCES Hongkonga continue quiet at $3271. Chinas have been placed at $86, and further shares can be disposed of at this figure.
SHIPPING.-Hongking, Canton and Macaos have received some attention from investors, and fair sales have resulted at $361, the market closing with farther sellers at the rate Indo-Chinas continue depressed and are now obtainable at: 87. Douglases are weaker with sellers at $403. Star Ferrie‹ are obtainable at $28 and $18 for Theod and new issues respectively. Shell Tripsports have so d at 23s. 6d. and 22s. 6d and close with farther sollers at the latter rate.
REFINERIES.-China Bugars can be placed in small lots at $95, and Luzons at $10.
CHINA OVERLAND TRADE REPORT.
MISCELLANEOUS.
Green Island Cements are easier with sellers at 824. Watsons bare been booked at 814 and $14; and close with buyers at the former rate. Electrics are obtainable ut 8124, nd $7 for the old and new shares respectively. Bel's Asbestos are offer ing at 86, and Powells at $9. China Providents cau be procured at $9
MEM8.-Hongkong and Shanghai Banking Corporation ordinary half-yearly, meeting to-morrow, 15 h instant. Hongkong a d Whampoa Dock Co., Ld., ordinary half-yearly meeting on the 24th instant. Humphreys Estate and Finance Co., Ld., extraordinary general meeting on the 31st October.
Closing quotatious are as fo lows:-
COMPANY.
Banks-
Hongkong & S'hai Natl. Bank of China
A. Shares
B. Shares Foun, Shares..... Bell's Asbestos E. A... Campbell, Moore & Co. China-Borneo Co., Ld. China Light& Power }
Co., La.
China Prov. L. & M.
China Sugar
Cigar Companies--
Alhambra Limited. Philippine Tobacco) Trust. Co.. Ld. j Cotton Mills-
Ewo
International Laou Kung Mow Soychee Hongkong Dairy Farm
Fenwick & Co., Geo.
Green Island Cement. H. & C. Bakery Hongkong & C. Gas..... Hongkong Electric H. H. L. Tramways..
Hk. Steam
Water
boat Co., Ld. Hongkong Hotel Hongkong Ice.
H. & K. Wharf & G...
Hongkong Rope...
Pain ve.
$125
H. & W. Dock Insurance-
Canton...... China Fire China Traders'. Hongkong Fire.. North China. Straits Jaion Yangtsze.. Land and Building—
Hongkong Land Inv. Humphreys Estate. Kowloon Land & B West Point Building Luzon Sugar... Manila Invest. Co., Ld Mining-
Charbonnages Jelebu Panjom
Do. Preference.. Ranbs
New Amoy Dock Oriente Hotel, Manila
MINING.-Punjom opatinue out of favour with sellers at $2. Jalebins have declined to $1 with sellers. Kaubs have been booked at 88 and close in demand at this figure.
DOCKS, WHARVES AND GODOWNS.-org-Powell, Ld.................... kong and Whampoa Docks have eased off and are now obainable at $313 after a small sale to-day at this rate. Hongkong and Kowloon Wharves can still be placed at 888 and New Amoy Docks at $375 Farnhams are lower again in the North with the 1 test reported sale at Tla. 1521.
£8 $29
28 $20
QUOTATIONS.
$650, buyers L'don, £84. 158.
21 $10 £1 $6 ellers $10 $40, sellers $12 $10, sellers $20 $61
$10 $9, $100 $95, buyers
$500 $2:0, buyers
$50 $18
Tls. 100 Tls. 36, sales Tls. 75 Tls. 10, sellers Tls. 100 Tls. 40, buyers TIs. 500 Tls. 160.
$100 $15, buyers
$6 $12 $25 $471 $10 $24, sellers $60 340, buyers 210 $140, buyers $10 $12 75, zellers
$5 $7 $100 $320
$50 $88, buyers $50 $145, $50-213, sellers
..
135
* SHANGHAI, 7th August (from essra. J. [P Bisset & Co.'s Report). Business was inter rupted by t o Bank holidays falling on the 3rd- and 4th inst., but a fair trade has been done in various stocks at about the same rates. Banks- H. and S. Banks. The rate remains the same, viz.: Tis. 680. London quotes £81. The report arrived this week and announces an Interim div. of 1. 108. Od. for the half year ending 30th June, Reserve now tanding at $6,000,000. INSURANCE with $1,435,681.17 carried forward, and the Silver
-Yangtezes. a fair business has been done at $189 locally. SHIPPING-Indos have suffered a declitie and close at Tls. 65, the same rate prevailing for forward delivery as far as December. Shanghai Tug Boats have been dealt in at Tis. 360. The transfer books are at last open. Docks.-S. C. Farnham, Boyd and Co. A few transactions have taken place at Tls. 1 7} for cash, 160 Aug., 1624- Sep., 165 October and 167] November and Decem- ber, closing quiet. Shanghai and · Honkow Wharves remain untouched. SUGARS. No busi- ness reported. MINING-There are buyers "of- Kaipings (bearer scrip) at Tls, 6.70. Weihaiwei · Golds have sellers without business reported, at $21. Lands.—Shanghai Lands have been negoci- ated at Tls, 106 and 104. IndUSTRIAL—NO business in Cottons. Shanghai Ons have paid an Int. div. of Tls. 31. and have been placed at Ts. 109 ex. div. Maatschappij &c. in Lankata. Uardly anything done this week, and the rate remains at Tls. 800 cash, with a steady market forward at Tis, 8071 Sep-. tember and 312) October. STORES & HOTELS.— A single transaction in Hotel des Colonies at 'T's 16 is reported. Misc LLANEOUS.—Shanghai - Horse Bazaars have sellers at Tls. 163}. : Mutual Telephones have been dealt in at Tls. 67. "LOANB. -Municipal Debentures 6 per cent, have been dealt in at Tls. 101.
ON LONDON.—
EXCHANGE.*
FRIDAY, 14th August.
Telegraphic Transfer
.1/91
Bank Biiis, on demand.
1,913
Bank Bills, at 30 days' sight
.1/91
Bank Bills, at 4 months' sight Credits, at 4 months' sight.....
..1/10
.1/101
Documentary Bills, 4 months sight 1/104..
$0 $144 buyers $50 $164, sellers $25 $250
ON PARIS.
Bank Bills, ou demand
2281
Credits 4 months' sight..
.232
ON GERMANY.—
On demand...
185
ON NEW YORK.—
$50 $177), buyers $20 $87,
Bank Bills, on demand
.441
Credits, 60 days' sight
.447
ON BOMBAY.-Telegraphic Transfer185)
Bank, on demand
1951
ON CALCUTTA.—Telegraphic Transfer135
$100 $4971, buyers
Bank, on demand
.185
UN SHANGHAL.-Bank, at sight
.723
Private, 30 days' sight..
.73}
.88
..nominal
...nominal
$25 901,
$50 $3274 £25 Tls. 230
$20 $1, buyers
$60 $132, sales
-$100 $155, buyers $10 $114, sellers $308, sellers
$100 310, buyers 50315, buyers
İtes. 250 186 0, sellers
$51. sel ers $11 $2
$130 cents, buyers 18/10 $84, buyers
RobinsonPianoCo.,Ld. Steamship Coys.~~
China and Manila...{ Douglas Steamship H., Canton and M. Indo-China S. N, Shell Transportand Trading Co.
Star Ferry...
{
$61 $371, buyers $50 $50, buyers $10 $9, sellers $50 $50
$50
) $20 $55 $15 $50 $401, sellers $15 $86, sellers £107, sellers
21 £1.2. 6, sellers $10 $28, sales & buy.
$5
¿ $18,
S. C. F. Boyd & Co., Ld. Tls. 100 Tls. 157, sales
LANDS, HOTELS AND BUILDINGS.-Hong- kong Lands continuer some request at 8155 with small soles and further selle s at $186. Kowloon Lands are still obtainable at $38, and West Points at. 8501 Humphreys Estates TebrauPlanting Co.... after a small sale at $12 are obtainable at $114. | UnitedAbestos.
·Hongkong Hotels are na tered wi h såles aud Fome sellers at $1541 Orieutes can still be disposed of at $5
COTTON MILLS-Fe Northern stocks are unchanged. Hongkonge have sold at $145, and $15 is now offered for this stook.
Do......... Universal Trading
Co., Là Watkins Ld.. Watson & Co., A. 8....¡
35 nominal $489.10, buyers
$10 $200, buyera
$5 $23, buyers
$10 $7, buyers $10 $144, buyers
VERNON & SMYTH, Brokers. ́
ON YOKOHAMA.—
ON demand
ON MANILA.— On demand ON SINGAPORE.---
On demand ON BATAVIA,~~~
On demand
ON HAIPHONG.
Or demand
ON SAIGON.
On demand
ON BANGKOK.--On demand
.109
.14 p.o. pm.
......1 p.s.pm.
..62
SOVEREIGNS, Bank's Buying Rate ...$11 GOLD LEAF, 100 fine, per tael
BAR SILVER, per oz. .......................
VESSELS ON THE BERTH.
58.50
251
FOR ANTWERP.-Kintuck, Nestor, Agamemnon, Glaucus, Palawan, Tydeus, Hakata Maru, Pak Ling, Sithonia.
FOR LONDON.- Palawan, Bengal, Kintuck, Nestor, Pak Ling, Gloucus, Tydeus, Merioneth Hakata Maru, Agamemnon.
FOR LIVERPOOL.—Pingsucy, Tydens,
FOR MARSEILLES,
Agmemnon,: Glaucus,
Ling.
Caledonien
Mar
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