34
COMMERCIAL.
TEA.
Messrs. Welch, Lewis & Co. in Shanghai their Circular of 23rd December state-Black Tea.- small business has been done since our last advices at slightly firmer rates. Stock consists principally of second crop Ningchows for which the Teamnen are firm holders at T'ls. 20.23 per picul. Green Tea Pingsuey. The small stock remaining is of common quality, which the Teamen are trying to ship off. Hyson.-No business has bee
done since our last, the stock consists of 1st Hysons of medium quality. Settlements since the 11th instant.
SILK.
Messrs. A. R. Burkill & Son in their Circular of of the 23rd of December, state-The home markets are quiet. Gold Kiling, is quoted in London at 12/-. Rawsilk.-Only two small transactions are reported in Tsatlees. Coarse silks however have been in some request, and a fair business has been done in Green Kaihings. Yellow Silk.-A small business has been done at rates quoted below, Hand Filatures.-A few settlements only in new and ordinary style to report. Steam Filatures.---A slightly increased amount has been done this week in Steam Filatures, but the markets remain weak. Waste Silk-Is very quiet. The Continental demand for Trissah Wastes has stopped, but owing to the small stock now on hand prices show no material alteration. Gum Wastes are in very small supply and there is no business doing in these. Holders demand extremely high prices.
SUGAR.
HONGKONG 8th January.--The prices are slightly advancing holders being firm. Shekloong, No. 1, White.. $8.65 to $8.70 pels.
2, White...... 7.65 to 7.70 No. 1, Brown...... 6.10 to
Do.
Do.
Do.
#
2, Brown...... 5.90 to
Swatow,
No. 1, White...... 8.55 to
Foochow Sugar Candy.........12.90 to 12.95
Shekloopg
1
HONGKONG 8th January.-Large arrivals have been reported, the prices are consequently declin-
Saigon, Ordinary .......................
ing.
1
THE HONGKONG WEEKLY PRESS AND
Victoria Lawns--12 yards 0.86 to T-Cloths-Bibs. (32 in.), Ord’y. 2.30 to
7lbs. (82,..
2,50 to
6lbs. (32,, ), Mexs. 2.50
to
7lbs. (32 ).
3.10
to
8 to 8.4 oz., (36 in.) 3.30 Drills, English-40 yds., 13}
to 14 lbs.
to
1.75 2.60 3.00 3.00 8.80 4.05
4.75
Lo
7.30
FANCY COTTONS----
Turkey Red Shirtings-1 to 1.90 to
8 lbs. i A Brocades-Dyed
DAMASKS-
Chintzes-A ssorted Velvets-Black, 22 in. Velveteens-18 in. ......................
4.00
to ་་
per yard 0.12 to 0.25 0.29 to 0.471 0.19 to 0.23
per dozen Handkerchiefs-Imitation Silk 9.30 to 3.00
WOOLLENS
per yard Spanish Stripes-Sundry chops 0.771 to 2,25 German
to
Habit, Med., and Broad Cloths 1.25 to 3.50
per piece
Long Ells-Scarlet, 7-10 lbs. 6:05 to 9,20
Assorted
7.10 to 9.45 12.50 to 33.00
to-22.50
10.00 to
Camlets-Assorted... Lastings-30 yds., 31 inches
Assorted Orleans-Plain, 31 in.
Blankets-8 to 12 lbs.
Fine quality
METALS-
$12.50
per pair 0.6.1 to (.80 1.25 to 1.85
per picul 4.50 to
Squaro,Fiat RoundBar(Eng.)4:50
to 4.55 to 4.75 to 0.50 to 9.80 to 3.00 to
per picul
January 11, 1904,
entirely of Manchester goods, American makes being conspicuous by their absence. If, as is declared, the Hankow, Tientsin, and other mer- chants are really the purchasers, remarkably good prices must have been ruling in the country for some time past, or it would not have been possible to have effected such sales, notwithstanding the fact they are all considerably below replacing cost. The bulk of the goods are already in stock, the majority of importers who have cargo to arrive preferring to take the risk of the market them- selves. Meanwhile a steady trade is doing with the River markets, as evidenced by the really satisfactory clearances for the time of the year. Advices from Manchester are naturally very strong, but in spite of the high prices prevailing a fair amount of business seem practicable. Cotton continues on the upward grade, as regards the American staple at all events, to-day's quotation coming 7.06d., but Egyptian is lower at 81d. It is very improbable that buying to any extent can be indulged in for this market, though there are certain goods that have an established demand and must be bought whatever the price, never, theless it seems almost incredible that the trade can go on when prices for some cloths have advanced as much as two shillings in a few weeks! The present crisis in the Cotton industry is likely te have a very disastrous effect on the American trade with this country, as manufacturers have practically given up the weaving of heavy cloths. At the end of October it was estimated that the total stock of Domestics in the States was only 25,000 bales of all kinds, but half of which were avaible for export. The advance since in the raw staple has quite put a stop to the making of heavy Cloths, as at the present price of Cotton it cannot be done at any way near the equivalent of what the most sanguine could expect rates to rise to in this market. This will mean the stoppage of many mills, the looms in which are only adapt- ed for weaving course yarn. At the sale to-day there was a firm tendency for cotton goods and prices improved, but not so for woollens. Although the direct Imports may account for some of the falling off they seem likely to do so in future to a much larger extent, as a determined effort is being made to establish that trade on a permanent footing and with, apparently, great prospects of success. Home Manufacturers must not, there- fore, run away with the idea that new outlets have been opened, for it is really only "robbing Peter to pay Paul," as every piece that goes direct means so much less needed for this market, and it is a question for them to decide which to encourage.
HONGKONG QUOTATIONS. HONGKONG, 4th December.
Iron-Nail Rod
Swedish Bar
22
6.15
Small Round Rod
#
5.95
Hoop to 11/2 in.
"
8 60
Wire, 16/25 oz.....
""
Do.
2. White
7.60 to
7.65
Wire Rope, Old
»
"
Do.
F3
Do.
1. Brown...... 5.95 to 6.00 2, Brown...... 5.80 to 5.85
METALS-
"2
.........10.76 to 10.80
#
Lead, L.B. & Co. and Hole Chop 9.25
Australian
to
9.25
to
Yellow M'tal-Muntz 14/20 oz.41.00
to
Vivian's 14/20 oz.41.00
to
RICE.
Elliot's 14/20 oz.413 0
to
Composition Nails:. Japan Copper, Slabs.. Tin.....
.61.00
to
..38.50
to
..........89.00 to
Bound, Good quality Long
$3.05 to $3.10 4.70 to 4.75 4.85 to 4.90
Tin-Plates
Siam, Field mill cleaned, No. 2
3.60 to 3.65
Garden,
No. 1
White,
"
高品
Fine Cargo
4.40 to 4.45
5.80 to 5.35
Steel to { SUNDRIES—
Quicksilver
box. per 7.40 to per cwt. cass
6.30 to
Beans
Borax
per picul
Camphor (China).
(Formosa).
170.00
to
per box
OPIUM.
32
31st December.—
Window Glass
4.20 to
Oil
17
Quotations are:-Allowance net. to catty.
Cloves
Malwa New
.$960
Malwa Old
.$1,000
Malwa Older.
.$1,040
Malwa V. Old
.$1,080
Persian fine quality. $840
to $980 per picul. to $1,020 do. to $1,060 do. to $1,100 do. to
Persian extra fine ....$900
to
Patna New
.$1,260
to
Patna Old..
Benares New ....
..$1,260
Benares Old
8888
to
do.
to
to
do. do.
do. do. per chest.
MISCELLANEOUS IMPORTS. · HONGKONG, 20th Nov.-The prices ruling are
as follows:- COTTON YARN—
Messrs. Noël, Murray & Co. in their piece goods trade report of 23rd December, state-The war scare is on in earnest now, and what with tele- graphic reports and local rumours, no one knows what to believe. That the political situation is critical is beyond dispute, and it is right for those who think their interests would be affected by the outbreak of hostilities to take what precau- tions they deem necessary It is in this spirit that operators in this market are now acting each one as best suits his own book, without any sort of concerted action; therefore it is exceedingly difficult to define the position of the market as a whole. An extraordinarily large quantity of goods appear to have changed handa "on paper,"
Bombay-Nos. 10 to 20, ...$ 90.00 to $128,00 both from first and second hands, the dealers
English-Nos. 16 to 24,
**
22 to 24,
33
21
28 to 82, 38 to 42,
Reported sales 1,500 bales. COTTON l'IEGE GOODS-
Grey Shirtings—6 lbs.
7 lbs.
8.4 lbs.
9 to 10 lbs.
114.00 to 120.00 120.00 to 128.00 136.00 to 142.00 155.00 to
quite realising that the huports for the next six or eight months must be very much curtailed, with the market here at famine prices. At the same time they do not want to run any risks by 170.00 holding for the top of the market; and so are turning over what they can to the country merchants whenever a fair profit is obtainable. The situation is again complicated by the fluctuations in exchange, and the continued up- ward movember of Cotton; but at the same time not always followed by a uniform 'advance in home quotations, as makers of well established cloths have no doubt made ample provision for their prospective requirements before prices reached the present level. The Market Book has presented an unusually animated appearance this week, but it is noticeable the sales are composed
per piece 2.30 to 2.40 2.50 to 2.80 3.50 to 4.25 4.80 to 5,501
White Shirtings-54 to 58 rd. 2.90 to 3.25 58 to 60
3.50 to 4.00 64 to 66 *.4.25 to 5.75 Fine........ 6.00 to 8.50 Book-folds 5.00 to 8.00
Cassia (First quality)
(Second
Fennel Seed Oil Galangle Garlic
Glue............. Grapes Ivory
Kismiss Olibanum Rosa Oil Saltpotre... Sandal wood
.$31 @ 4
$17 @ 19 .$95
$ 112 @ 115
.$23 @ 25
$13 @ 15
$170 @ 175 $15 @ 35-
.$315 @ 320 .$3 @ 6
$28
.8111 @ 20
.$250 @ 700
.$15 @ 21
$10 @ 25
$60 @ 175
..$10} @ 11}
.$27 @ 82
...............$350 @ 400
Oil Senna Leaves.......................... Sugar Candy Vermilion ...... WBX.........
.$7
$101 @ 11
.$86} @ 89 .$44 € 50
MISCELLANEOUS EXPORTS
Per P. & O. Steamer Simla sailed ́on 2nd Jan. For London:-13 bales raw silk, 18 cases silks, 8 cases bird feathers, 10 cases vermillion, 2 cases blackwoodware, 2 cases screens, 5 cases sundries. For Marseilles—175 hales raw silk, 4 cases hats, For Glasgow case silks For Manchester 50 bales waste silk. For Gibraltar :- 5 casən silks. For Lyons: 5-bales raw silk. For Milan:—30. bales raw silk.
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