124
COMMERCIAL.
TEA.
YOKOHAMA, 16th November.
TesThe total settlements to date amount to 190,400 piculs, against 178,700 piculs for cor- responding date last year.
SILK.
YOKOHAMA, 16th November.
The Raw Silk market continues very depressed, in the presence of heavy supplies and small demand, and prices rale irregular, Filatures
Grand Extra are scarce, and hold their own at fr around yen 1,100, while inferior grades of re-reels are competed for by native manufacturers at yen 900 to 910 for Common 3.
Prices for Waste Silk and Cocoons have weakened considerably, fand buyers are not very keen on business; holders are sellers. Settlements 2.030 piculs, viz:-Noshi, 550 piculs; Kibiso, 1,300 picals; Sundries 100 piculs; Pierced Cocoons 80 picule. Present stock is estimated at 11,050 piculs, Fiz:-Noshi, 2,900 piculs; Pierced Cocoons-piculs.
CANTON, 19th November, 1903.-Re-reels. Business has been very quiet and only a purchase of 20. Bales each 1 & 2 Yee Wo Hing's White Ticket at $770 is to be reported. Filatures. No important business has taken place during the fort- night under review. Some sales have been made from which we quote. Quan Wo On 9/11 at $920 King Tack On 10/12 at $885, etc. In "native" some business has taken place from which hear of Soey Wo Cheong done at $785 average for 11/13, 13/15, 14/18. Short-reels.-The market has ruled rather quiet for these kinds and some few sales only have to be reported from which we quote: Hau King Lon, Sai Sill Lun at $900, Tien Po Hang at $890, ete, Waste Silk,-Continues quiet and few sales only have been made.
We
SHANGHAI, 2th November. Messrs. A. R. Burkill and Son's in their Circular dated 26th of November report as follows :--The home markets are a little easier, Gold Kiling is quoted in London at 12/6. Raw Silk-There is no business to report in Tsatlees, Kiahings have received small attention. Yellow Silk. A small business only to report, prices remain unaltered. Hand Filatures.-A settlement of about 200 bales New Style has been made for New York at Tls. 765 average, but the usual style Filatures are neglected.. Steam Filatures.-A few small pur- chases have been made at prices given below. Waste Silk.-Market quiet; Seychuen Frisonets whole bales @ 28.
our
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THE HONGKONG WEEKLY PRESS AND
Messrs. Wheelock & Co.'s in their report of the 26th ult. state as follows:- Japan :-The natives have now apparently on their hands mo e of this article than they know what to do with, and it is quite impossible to dispose of any quantity, as most of their holdings are of the common kinds. The only feature in the trade is that of making the yearly contracts for 1904, most of which have been concluded. Rates of freight have remained very much the same as when last writing. perhaps a slight decline. witu a weaker tendency. Car- diff is still without much enquiry; we have heard of the sale of a small cargo now on the way having been disposed of to Japan, but no terms which are apparently private. Sydney Wollong- ong-This market is very weak with no possible tendency of improvement. The sailer Woosung arrived on the 25th instant with 1,000 tons which have been sold to some outside dealer at, we hear, Tls. 12.00 ex ship. We are pleased to be able to record
a decided improvement in Homeward Freight Market as far as regards the quantity of cargo offering for London and the Continent; the last couple of boats on the berth have literally had to turn away cargo and the next boats to load are already fully engaged. However, the tea-season is drawing to a close and we do not expect this very satis- factory state of affairs to last very long. The London Conference line have just issued a new freight tariff, and we would draw the attention of shippers to a few slight changes in the rates. viz., the rates for Silk Piece Goods and for Pongees made from wild silk have been put on a sterling basis of 80/- a ton for the former and 70/- for the latter, whilst valuable furs and skins will be charged 14% ad valorem or 45/- per ton of 40'cb, ft. at ship's option; furthermore increased facilities are being giving to shippers in the way of trat shipment cargo to rear Easteru Prots.
COPPER.
YOKOHAMA, 16th November. With the exception of 200 tons Marukata, wbich have been taken out of the market for China or India, no transactions have taken place during the past fortnight.
SUGAR. HONGKONG, 4th December. No demans having come forward, prices are declining. Shekloong, No. 1, White......$8.55 to $8.80 pels
Do.
2, White.. 7.45 to 7.50
5.90 to 2, Brown...... 5.90 to
Do.
No. 1, Brown.......
Do.
Swatow,
No. 1,
White.
Do.
2. Whitb
27
Do.
+
Do.
1, Brown.. 2, Brown. Foochow Sugar Candy Shekloong
•
"
5.96 6.95
1+
13
8.40 to
8 45
7.35 to
7.40
5.75 to 5.80
5.6 to 5.65
12.80 to 12.85
10.70 to 10.75
RICE. HONGKONG 4th December.-The upward, marked being weak. Saigon, Ordinary
"
Siam,
•
Round, Good quality Long
11
H
prices are going
..$2.95 to $8.00
4.60 to 4.65 4.75 to 4.80 3.50 to 3.55 No. 14.30 to 4.35
Field mill cleaned, No. 2 Garden,
White.
Fine Cargo
"
4.80 to 4.85 6.25 to 6.30
SAIGON, November 20th. Messrs. W. G. Hale & Co., in their report dated 20th ult., state:-Quite a lively demand has, during the past fortnight, prevailed for France, thus causing the sale of almost all the remaining stocks of old grain. What may be now left cannot Kinount to much. Our new crop continues to prove a promising one. Overtures have already been made by Europe buyers for new rice, but prices named by Saigon millers are far too high. yet to allow of business. The first costs per picul of 134 lbs gross, without duty, commission, or other charges, are as follows ---
No. 2 white unsifted (ordinaire) steam
milled (mixed)
5% Cargo ateam milled (mixed). 10%
20%
TY
19
37
.$3.50
2.20 3.00 2.86
The total export up to date is 7,608,800 piculs as against 11,767,200 same period last year, a total of 1,768,900 piculs having been sent to Hong- kong.
Exports to Hongkong for the month of white rice, cargo rice, and paddy were-October 29th, 8.8. Anpho, 10,400 piculs; November 10th 8.8. Laertes, 3,800 piculs; November 19th 8.8. Tritos, 800 piculs. The total export (all countries) was 88,000 picnls.
OPIUM.
HONGLONG, 3rd December.— Quotations are:-Allowance net, to I catty. Malwa New,
$920 to $940 per picul. Malwa Old
$970 Malwa Older Malwa V. Old Persian fiue quality........`810 Patna New Persian extra fine.
Patna Old.
Benares New Benares Old
to $990 do.
$1,020 $1,080
to to
to $1,040 do. to $1,100 do. to .$820 to $1,165 to
.31,165
do.
do.
do.
......
to
do.
per chest.
do.
|
COTTON. HONGKONG, 4th Dec. Limited amount of business done at an advance of $1 to $14. Stock about 1,500 bales.
Bombay...
25.00 to 26.00 picul Bengal (New), Rangoon
26.00 to 28.50 and Dacca........ Shanghai and Japanese, 30.00 to 31.00 Tungchow and Ningpo, 30.00 to 32.60 Sale:- 250 bales.
YARN.
"
>>
*
December 5, 1903.
Local Manufacture: -No sales reported, demand having temporarily subsided owing to closing of the Northern Ports, the chief ontlet for the article.
Japanese Yarns:-Neglected throughout. Raw Cotton In Indian descriptions the fluctuations on the other sido have been reflected here chiefly in New Crops, and rates have advanced from $1 to $14 per picul, business of the fortnight comprising 220 bales New Bengal Supertino at from 827 to 828, leaving a stock of 650 bales on the market. Some parcels of old cotton amount- ing to about 350 boles have been shipped off to Japan, In China kinds sales of 150 bales Ningpo at $301 are reported. No stock) Quotations are Indian $24 to $20 and Chineso $27 to $32.
}
Exchange on India has continued to decline and closes weak to-day at Rs. 1281 for T/T and Es, 129 for Post; on Shangbai 7ịk and on Yoko-, hama 814.
The undernoted business in local and imported spinning is reported from Shanghai during the fortnight ended the 20th ult., viz:-
Indian :-Total sales 8,000 bales comprising 60 bales No. 6a, 3,550 bales No. 10, 430 balea No. 128, 830 bales No. 148, 300 bales No. 168, and 2,800 bales No. 208, prices continuing firm and market closing steady. Estimated unsold stock about 28, 00 bales.
Japanese-Total sales 3,000 bales on the basis of Ts. 84 to 891 for No. 10s and Tls. 911 to 95, rates showing an advance of T. to 11.1 in No. 208 and market closing firm.
Local:-A small business aggregating about 2,500 bales has been put through on the basis of Tis, 86 for No. 14, Ths. 844 to 894 for No, 168, and Tls. 913 to 95 for No. 20s, market closing quiet but steady.
Bre:--
ĮMISCELLANEOUS IMPORT.
During the week ending Saturday the 21st ins tant inclusive, as per Custom House returns
Devoes. .nil. Russian.. ,80,000.. Sumatra..... .nil.
TOTAL.. .30,000.
Gallons
"
#
Messrs. | Noël Murray & Co in' their Piece Goods Trade Report of 26th November states as
anything of interest to our market, the conbina- tion of adverse circumstances recently experienc- ed, and already dilated upon, still continuing to exert a restraining infiuence on the trade. With the despatch of the last steamers for Newchwang a quieter feeling prevailed for a few days, very little hope being entertained that Tientsin would folks w the lead of the neighbouring Port. Recent direct advices, however, although some- what conflicting, seem to point to a slightly im- proved situation there. The system of payment by bank order is being reverted to and cone business is going through successfully. On the other hand many of the Merchants complain that they have not received payment for goods sent into the country under the credit system, and there- fore are unable to buy more at present. At all events it seems that at 1st there is some chance of the chaotic state of things so long prevailing in the market there coming to an end, though whether it will enable any quantity to be cleared from this before the closing is extremely doubtful. Future prospects are evidently more encouraging to those on the spot, however, as we are credibly informed direct orders bave been booked for the Spring for fair quantities of goods. The River will probably close with the next neap tides, about the 10th December. The firmer quotations for exchange this morning, both for immediate and up to the end of year, has caused a renewal Hong-of enquiry; the strength of the home market has made holders very firm; and for forward business prices are soaring rapidly out of each. quota- rates tions for most goods coming at prohibitive as, they appear at present. But if the shortage in the Cotten Crop as estimated should eventually be confirmed it is difficult to see where the limit in the advance will be, as there must be a big margin still in favour of imported Cotton goods and the export value of Silk, their only possible substitute. The report that an extra steamer was being loaded for Newchwang. as mentioned by us last week, must have been unfounded, at least we have failed to find such a boat amongst the clearances. If there had been sufficient cargo, and there certainly was a great rush for space at the last moment, it would have been quite safe to despatch one, as the Port is expected to be free for navigation up till to- morrow according to latest advices. The Mancheɛ- ter market has strengthened again in sympathy with Cotton, and smaller receipts. Latest quota tions are 6.08d. for Mid American and 84d. for Egyptian. Most enquirers find. that manu-
follows:-The interval has been almost devoid of
& de
Mr. P. Eduljee says in his Report, dated kong, 4th
December:-A very disappointing fortnight has been experinced in this market, mand from the country was confidently expected.
as with the completion of the harvest
The firmness of holders and unfavourable reports from the consuming districts, consequent on the continued unsettled condition of the country have, however, contributed chiefly to the present restriction of trade, and settlements have been limited to actual daily requirements; prices showing a slight advance of one to two dollars per bale. The annexed quotations are the equi- valent of prices ruling in the interior and must be considered purely nomina', as holders now refuse to sell except at an advance of £3 to $4 per bale. Dealers, on the other hand, do not appear to follow sellers up in their advance for higher prices, and having no outlet for their purchases show little or no inolination to buy, and can afford to wait further developments. Business mean- while has come to a standstill, but the market closes strong in sympathy with advancing rates' wired from Bombay.
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