180
THE HONGKONG WEEKLY PRESS AND
SAIGON. 28th August.Messrs. Wm. G. Hale | & C. report that supplies! show a marked falling off as the season draws to an end, and prices remain persistently at an impossible figure. "Dur- ing the carlier part of the month the weather was very capricious, cau-ilig anxiety to the plan- ters, but, at the close, rains have set in again, and
lanting is going on briskly. Prices are:- No. 2 White sifted steam milled (round) No. 2 unsifted Do.
6 per cent. Cargotean willed 10 per cent.
21 per cent.
$5.40
rt
1
$1.90 84.05
$4.50
A statement of this year's Exports of white rice, cargo rice, and paddy shows that the total has been, 6,825,100 piculs, as compared with 9,922,800 preuls for the paresponding period of last year.
:
The export of the month to date have been as follows:-
To Hongkong
Manila
Hoilo
Cebu
Japan
Eur pe
78,300 piculs
274.200
112,100
113,(K
35,000
70,400
Total 683,900
Freights to Hongkong are from 13 ets to 15 ets per pienl; to the Philippines 25 26 ceufs
OPIUM.
Hoxoxosa, 27th August.-The movements in the Opium Market during the past fortnight have been as under :—
|
i
Goatskin untanned, chiefly white colour, avurige 2 lba., 50 p. e short, 30 p. c. med, and 20 p. c. long hair Buffalo Horns, average albs, ench White China Grass," Wuchang and or
Pacchi
White China Grass, Sinshan and or
Chayu
Greou China Grass, Szechuen White Vegetable Tellow, Kinchow White Vegatable Tallow, Pingehew
and or Macheng
Green Vegetable Tallow, Kiyu Animal Tallow
Galiņuts, usual shape,
Ho. I'm de
Feathers, grey and or White Dues
4to. Wild Duck
D
der.
(September 7, 1903.
SHANGHAI, 28th August (from Messrs. Noël, Murray & Cos. Piece Goods Trade Report,-Sinco 60.00
the issue of our last circular on 20th instant, 10.75 the mport market has become quite demoralized through the sudden upward movement in exchange, 14,50 and at the time of writing business is upset and thoroughly disorganized. We think many 18.59 interested in this particular line of China business 12.75 must be far from happy, and particularly anxious 12.50 to discover the ways and means to clear the ex- change contracts made some months ago. Beyond 12.25 a few re-sales of 8.4-lbs. Grey Shirtings and some l'ls. 12.30 American Sheetings, with a few mall indents 12.00 for Fa cies, we have not heard of anything hav- 22,00 ing laen done. There is no news of any im- 2300 | portance from the various outports, the Northern markets still keeping very quiet and the River 21,50 | markets paying chief attention to the purchase
of Indian spinnings.
19.50
MISCELLANEOUS IMPORTS.
Hosakoxa, 26th Aug. Amongst the sales reported during the work are the following:- Car N YARN-
136.441 to 155.08 16 170.00
The Liverpool marketļis quoted firm at 6.78d. while the Manchester market is said to be hardening in consequence of unfavourable crop reports from America, and the feeling is in favour of the market improving; at the same time, we have been told, manufacturers are not so difficult to deal with when more distant delivery is asked for. With the New York mar.et there is | nothing doing,
per tak & goin to $128,40
111.00 .. 120.00 Tho Tade Reports for the year 1902 have been 120,608. 128,09 | published by the Statistical Department of the 142.00 Inspectorate-tieneral of Customs, and on the whole are satisfactory reading, showing as they do that the estimated value of the Foreign trade. Import and Export, was Hk. Tls.520,545,189, a figura never before reached. Notwithstanding a fall in exchange during the year of nearly 20 per cent and the consequent rise in Silver prices the off- take of most gods, with the exception of woollens and kerosene oil, empare favourably with pre- vious years, a satisfactory sign when it is taken int account that there were severa obstructive influwes at work:~(1) increased taxation (and the sequent increased "squeezing" on the part of the Mandarins in co lecting the same) in order to meet the ludeunity, itself now made larger by the fail in excange; (2) a very severe wathreak of Cholera throngbout almost the whole Empire: (3) druughts, followed by floods in the South, where a rel·llion is not yet suppressed; and (4) a want of confidence in the Northern Pro vinees,
1
Bombay Nos. In for 20. En dish Nos. 16 to 21, 22 10 24, 28 Do 22.
38 lv 12.
Verox Preet GoonS
Grey Shirting
CHESTS.
41. i lhe SAILS.
Stocks on 15th Aug, 1986 Aug. 13, limports per Chucarf.
Mabea Patag. Bendra. Pecasita
1,613
20 2,815
White Shirtings
31
15,
*.*. Bengal..
8.3. Imtinink
~8. Marsilia
sis. Lightwiing
1.95
ེ་ནས
NE
237
17
2044
200
244
Prills, Engleh
per piece 2004 tu f1 2.0 14 3,༢! 3.000 Tu 4.25
£34
5.30 546 56 rd. 2.91 to 3.5
3816 GA 3.50 to G4 to 60 1.25 10 5.75 Fine.. 6.00 fu 8.50 Book-folds 5.00 to ༥.(༥) Vartoria Lowns 12 yards DENG ta 1.75 Chris Glle, (32 in.), Ondy 230 Tu .*༦།}
Thx 132.. 1.
2.50 1tt ;:.(༥། Glbs. (832
1. Mexs, 2,50 tu 3,000 7lbs. (82.. }.
310 10 3.30 Sto S, 1 oz., (36 in.) 3.30 to 4.05
toyds, 189
1.75 Lu 7:0
to it is.
Faxey CoTIONS-
Turkey Red Shirtings -1} tor & Ihs. ) Brue, des- Dyed DAMASKS
1.70 !
Chintzes Assorted Velvets Black, 22 in Velveteens- 18 in.
187 2,137 (217
نوع
Less Exports to Shanghai Less Exports to Fast and“
West Coast Poa. - including Loval, Consumption for the fortnight
Estimated Stocks this day
Bengal.—The steady rise in exchange is scaring the Chinese, and the market has ruled quiet during the past few days. We quote Patua and Benares (a $1,070, Bargains, 1,937 chests.
Malwu. This description is also dull and prices are about as follows:--
New
$ 910
23 Years old
3 + Oldest
1,000
1.030
1,060
Persian. A moderate business has transpir. d at $815741 for best long and square deng respectively.
COAL.
Welsh Coal,
HONGKONG, 28th August, 1903. - to the amount to 8,810 tons, is expected by the steamers Lennar, Agamemnon and Lougships, all of it being for sale. 27,500 tons of Japan Coal are expected by various steamers all sold, and a cargo of 3,00 t us of Hongay and Kebao Coal is ex- pected by the Tyc The arrivals during the past fortnight have been 29,800 tons of Japan Ceal, and 1,000 tons of Hongay, all sold. There have been small sales of Australian and Japan Coal at queta- tious, but the market has been dull. Quotatio; s
are:--
Cardiff..
.$20,00 16, $21,00 ex-ship nomina'.
sellers.
Australian 10.50 to
Yubari Lump 12.00 to $12.25
J1
Miiki Lump.. 11.00 to 12.09
Maji Lump... 6.50 to 10.09
i..
per yand raw to 0.15 0.27 to 0.65 2.17 to 0.23 per dozen Handkerchiefs - Imitation Silk 425 to 5.00
VCLLESS
per yard
2.25 Spanish Stripes Sundry chops.0.75 to Habit, Mod, and Broad Cloths 1.25 to 8. O
per piece Long Ells- Scarlet, 7-10 lbs. 695 to 9.75
Assorteil
7.10 to 9.30. 12.59 16 33,00
12.50 fu 21
9.30 to-
per pair 0.61 10 1.75 1.80 to 2.50
Camlets- Assorted Lastings 30 yds., 31 inclus
Assorted Plain.....
Celzoe
-
Blankets 8 to 12 lbs.
Fine quality
METALS
nomiual.
iren
Nail Rol
stendy.
Square, Flat Round Bar(Eng.) 1.2 Swedish Bar ......
Small Round Rod
Hoop to 11 2 in.
Wire, 16 25
per picul 425 fo tu 481 to 1.50 to 6.21 to 9.50 3.6
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MISCELLANEOUS EXPORTS.
Per P. & O. steamer Voletta, sailed on the 29t'. August. Fr London:+1,011 packages tea from Focchow, 313 packages tea from Amoy, 30 pack- agers ea-from Canton, Bo bales raw silk, + cases silks, 20 Bales canes, 4 cases bristles, 3 cases fou- thers, 4 cases human hair, 6 cases sundries. Liverpol-1 case silks. For Manchester:-150 bales waste silk. For Lyons:-181 bales raw silk For Marseilles-15 bales raw silk.
for
HANKOW, 26th August.-The following prices are quoted for net shipping weight excluding cod of packing for export :-
Cowhides, lest selected
Dó. Seconds Buffalo hides, hest selefted
Dol Dol
do.
do.
to
to
Wire Rope, Gh Lead, L.B. & Co, and Hole Chop 7.75 to
Australian
7.78 YellowMtal Muntz 11 20 624100
Viviu's 14,20 67.41,00 10 Elliot's 14 2o 09.11,00 to
.61.00 Composition Nails.
to
39,00 Japan Copper, Shades..
Tu Tiu...
7600 ta
box. 1**
740 to
jer ewl, cas 6.6) tu
Tin-Plates
per picul. Tls. 34.00!
Steel 1 653 SCADRIES
10,35 Ihs. 35 00
?
Quicksilver
164.00
23.00
•
**
Window Glass
4.00
to
hox per
to
per pient
The importation into Shanghai of Keros ne Oil of all kinds showed a very con-iderable drop- k for evat -and it is worth while noting that Itus ian bulk oil has entirely disappeared from the market, its place being taken by the Java, Sumatra and Langkat oils. Prices of oil were gr du ly advanced to a very high figure in o dr to cover the fall in exchange and the reduced off- take by the various consuming districts again demonstrated that when prices are high Chinese country people appear to use less than when oil is at a moderate price, as they seem quite content to Use the native vegetable oils, which gene- rally can be obtained much cheaper. (Note. ~lu view of this it is somewhat strauge to find that notwithstanding the euka ced price of most Cotton Pive Goods, tle tastes of the Native appear to run on the better qualities and the better classes of gouts than was the custom some years ago when silver prices were much lower. This fact is partientiarly noticeable in the case of Fancy Goods.) As regards the Foreign debt of China and the increased taxation resulting therefrom, the Report remarks.-The Foreign debt of China is trifling when the size and potential resources of the coun- try are considered, vnd only a very small adjust- mont between Imports and Exports is necessary to cover the late increase of indebtedness, At the same time, it is disappointing to note that trade always seems to be the first victim when heavi r taxation is decided upon. What the Foreign trade of Chi a might he is shown by a comparison with Japan, which, with a population of one-seventh. spends almost exactly as much as China on Forciga gauds. Before such expansion can be looked for domest e trade must be relieved from the taxation of goods in transit, local industries must be as- sisted instead of being hampered by excise and by taxes on raw materials, and the enormoUS PESOUPTES of the country must be developed. Meanwhile, trade is growing, and will continue to grow, in spite of artificial obstructions. Reform in the collectina of the increased Revenue required is urgent y need-d"; and the Report goes on to say-As obstructing the growth of commerce, any proposal to raise 11: revenue by m the da tending to check the domestic trade......... such as the imp sition of a Consumption Tax on
Native goods or to hinder the progress of local indu tries and the introduction of Foreign capital by a heavy Excise on machine-made pro- duets, are to be deprecated, as having a tendency to lower the purchasing power of the people, by
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