04
COMMERCIAL.
SILK. CANTON, 15th January, 1904 --Re-reels :-- The only transactions to report are in Yee Wo Hing's Blue Ticket, 10 bales Extra @ $800 and 40 bales No. 1 @ $765. Filatures-Since our last report our market has remained rather quiet owing to the high exchange and the firmness of the dealers. No important transactions have been made. Short- reels. No important inquiry from America, Waste Silk-Market quiet but dealers continue to be very firm.
of
Messrs. A. R. Burkill & Son in their circular o the 21st of January, state:The home markets are dull. Raw Silk.-A further decline in prices coupled with a fall in exchange of one penny has brought about only a small business in Tsatlees, showing a want of confidence in present sterling prices on the part
consumers. Yellow Silks-are neglected. Hand Filature:- A fair amount of business has been put through crack chops and new style filatures for America, the very low exchange ruling for forward delivery has enabled buyers to fill orders, and about 1,200 bales have been booked. Steam Filatures.--
A few small transactions are reported, but until holders modify their ideas, buyers will only Waste Silk.-No- operate from hand to mouth. thing doing, supplies of all kinds continuing very small.
SUGAR.
Hongkong 19th January.-There is no change in the prices as when last reported. Shekloong, No. 1, White $8.60 to $8.65 pels.
2, White...... 7.55 to 7.60 1. Brown...... 6.05 to 2, Brown... 5.85 to No. 1, White...... 8.50 to
Do.
Do. Do, Swatow,
19
}
6.10
5.90
8 55
"
Do.
2. White
7.55 to
7.60
"
"
Do.
13
1, Brown...... 5.90 to
5.95
"
Do.
#1
12.85 to 12.90
#
2, Brown.... 5.75 to 5.80
Foochow Sugar Candy Shekloong
causes.
23
RICE.
.10.65 to 10.70
SAIGON, 15th January. Messrs. Wm. G. Hale and Co.'s in their fort- nightly circular state-During the period under, review our market kept rising gradually, and, at the close, shows much more firmness, although there is a general calmness of demand. This state of things is to be attributed to the following' Our harvest proves to be later than first anticipated, and new grain is coming to market but in small parcels of 3,000 to 4,000 Piculs daily. T'here being contracts falling due shortly millers are obliged to buy at any rate to cover their require- ments. On the other hand, the Hongkong market, owing to a fair demand for Japan, having gone up considerably, Chinese can well afford to ship their rice to that destination and avoid selling it on the spot unless at the equivalent. of Hongkong prices. There has been a fair inquiry from Japan and a few transactions have been put through. As for Europe, our present prices are far too wide apart from limits coming therefrom, moreover as exchange has advanced and closes with an up- ward tendency. Purchases for France amount, so far, to about 30,000 tons for shipments extend- ing up to April. If we judge by the tonnage en- gaged for forward loading, there ought to be yet more purchases to be made for that direction.
The quotations for March are:-
per picul.
No. 2 White unsifted (ordinaire)
steam milled (mixed) 5% Cargo steamer milled (mixed)
10
#
20
2
2)
realse
$3.65 $3.45 $3.15 $3.05
The following are the settlements per picul Rice, British str., Bishan 25,000 picul to Hongkong at 7 cents. British str. An Pho 25,000 piculs to Hongkong at 7 cents. French str. Binh Thuan 30,000 picul to Hongkong at 7 cents. French str. Quang Num 25,000 piculs to one port Philippines at 26 cents. German str. China 32,000 picul to Hong- kong at 7 cents.
HONGKONG 19th January.-The holders are to sell up their stocks before the China-New Year and prices are consequently declining. Saigon, Ordinary
Round, good quality Long Siam, Field mill cleaned, No. 2
11
Garden,
26
White,
Fine Cargo
No.
25
$2.95 to $3.00 4.25 to 4.30
4.45 to 4.50 8.45 to 3.50 4.85 to 4.40
THE HONGKONG WEEKLY PRESS AND
OPIUM.
Quotations are:-Allowance net, to
Malwa New Malwa Old
Malwa Older. Malwa V. Old. Persian fine quality.
29th January,—
catty. to $950 per picul.
$930
.$970
to $990 do.
$1,010
to $1,030 do.
$1,450
to $1,070 do.
$910
to
do.
Persian extra fine
$920
to
do.
$1,300
to
per chest.
to
do.
.$1,297), to to
Patna New
Patna Old. Benares New Benares Ol
do. do.
HONGKONG, 28th January. Since the 14th of January, the movements in our various Opium markets have been as follows:---
Malwa, Patna. Benares, Persian,
2,000 128
Stocks as per circular of
14th Jan., 1904. Jan. 17th Imports per Malla
Lightning
Farra Kumsang
20th 27th
•
•
28th
Less Exports to Shanghai Less Exports to East and West Coast Ports including Local Consumption for the fortnight..
Estimated Stocks this day
1,720 731 402
874
10" 30
297
83
-
694*
284
2,103
64
1,874 110
850 98
212
841
2,134
121 33$
1,81
1,827 1063 $39 Bengal.A further rise has to be reported owing to light stocks here and at Shanghai, and small bargains in the hands of the Chinese. We quote Patna 81295 and Benares @ $1295.
MalwaThe market is quiet and quotations
are:--
New 2-3 years old
"
}}
Oldest
8925
$970
$1,010
$1,060
Persian The Market in steady at $910/20 for good bricks and cones.
COTTON. HONGKONG, 29th January : ----
- Absolutely no demand, prices are easier by $2 per picul. Stock about 2,700 bales.
Bombay...
Bengal (New), Rangoon
and Dacca...
Shanghai and Japanese, Tungchow and Ningpo,
YARN.
25.00 to 27.00 picul 25.00 to 29.00
28.00 to 30.00 28.00 to 30.00
Jan. 28th says:-As premised the long expected Mr. Eduljee in his report, dated Hongkong,
winter demad has set in. but is characterized by extreme caution on the part of both buyers and sellers, as the vagaries of exchange, and the unceritainty attaching to the political situation, are still greatly hampering tride. The sales reported blow were effected during the first portion of the interval, or are the result of earlier negotiations and reports withheld. Values hve appreciated $1 to $2 per bale, but are still much under replacing cost. Here and there buying continues on a small scale, but the market gener- ally closes quiet but firm, and the business of this native year may be considered to have almost come to an end pending the revival for clearance after China New Year.
Local Manufacture :-The local mill is doing nothing, and although last quotations are main. tained, the feeling is weak.
Japanese Yarn :-More done at slightly irregu- lar figures than last mail, but generally a shade firmer. Business has been entirely confined to No. 20%, of which about 1,500 bales are reported | sold, say Settsu at $136; Miike at $135; Kanega fachi at $135; and Ashai at $134.
Kaw Cotton-There is no country demand whatever for Indian descriptions, and some importers are getting very anxious and have been pressing sales at a decline of $1 to $2 per picul, and a few parcels of superfine Bengal aggregating about 900 bales have been purchased by the local mill at from $27 to $281, leaving a stock of about 1,000 bales on the market. China Cotton has also suffered in sympathy, and sales of about 200 bales Ningpo at from 81 to $30 are reported; stock 300 bales. Quotations are:-- Indian $26 to $29 and China $28 to $30.
Exchange on India has fluctuated wildly during the interval, and closes to-day at Rs 133 for T/T and Rs. 133 for Post. On Shanghai 71 and on Yokohama 894.
The undernoted business in imported and 4.55 to 4.60 local spinnings is reported from Shanghai during
the fortnight ended the 15th instant, viz :-
4.95 to 6.00
}
[January 30, 1904.
Indian-Market moderately active and prices firm. Total sales 5,230 bales, comprising 2,785 bales No. 10, 256 bales No. 128, 160 bales No. 168, and 2,020 bales No. 208. Close steady.
Unsold stock 50,000 bales.
Japanese-Sales reported are about 2,500 bales, say No. 10s at from Tis. 86 to 91, and No. 20s at from Tls. 92 to 95, prices showing a de- cline of one to three Taels and market closing weak, Local:- No sales from first hands have taken place, and the position generally is considered weak
MISCELLANEOUS IMPORTS,
Messrs. Noèl, Murray & Co., in their piece goods trade report of 21st January, state -As remarked by the representative of one of the leading import houses here-"the market could not be worse if war was actually going on in Manchuria, everything is at an absolute standstill!” The censorate in Japan is keeping everything of importance from becoming known, consequently there is a semblance of a more peaceful prospect, but there are very few who think for a moment that Russia will, or can, agree to the Japanese “irreduc-. ible minimum" terms after having gone so far. But however that may be, from one cause or another this place has been denuded of ready money with the result that trade is practically stopped, native interest ruling as high as 361% per annum again during the greater part of the interval. The silver market, too, has been sub- ected to some extraordinary shocks with, of course, similar, convulsions in our sterling rates, the Foreign Banks making sure that whatever hap- for forward business, and so everyone is just pens they wont be left by offering too high prices
sitting on the fence" at present. A good demand has continued for Indian Yarns for Sze- chuen, and a fair quantity has again been bought, but at very unsatisfactory prices compared with the replacing cost. Clearances of goods generally have almost ceased for the present and everything points to a very quiet time, until after China New Year, at all events. The Manchester market remains in the same strong position, quotations coming very high, but some of the leading manu- facturers appear to be quoting prohibitive rates purposely. Cotton is advancing still, the quota- tion for Mid-American in Liverpool being 7.64d., but Egyptian remains the same, 9 1/16d. There do not seem to be any special advices from New York, and no fresh quotations have reached us.
HONGKONG QUOTATIONS. HONGKONG, 29th January,
Beans
Borax
Camphor (China).
(Formosa).
..$31
$18 19
Cassia (First quality)
$97 @ 100
JF
(Second Oil
.$25
*1
#1
Cloves
Fennel Seed Oil Galangle Garlic. Glue.....
Grapes
Ivory Kismiss Olibanum Rosa Oil Saltpetre. Sandal wood
>"
...
.$15 @ 35 .$310 @ 315
$8 .S-
.$26
6
$10 @ 19
$300 @.750 .$18
..$5 @ 25
$60 @ 175 ..$104 @ 114 .$27 @ 30
$350 @ 400
Oil
.$2 @ 6
.$91 @ 10%
.$89 @ 87
$43 @ 49
Senna Leaves.... Sugar Candy Vermilion Wax..
MISCELLANEOUS EXPORTS. Per steamer Bayern, sailed on 20th January. For Suez:-1 case chinaware. For Genoa-75 bales raw silk, 3 packages rattanware, 1 case curios, 1 case samples. For Antwerp :—131 bales bainboo scraps, 10 cases chinaware, 1 case silk. For Ant- bristles. For Amsterdam:-12 cases chinaware, 2 werp/Hamburg-27 bales feathers, 25 cases
dam :--250 bales bamboo scraps, 12 cases china- cases copperware, 2 cases ivoryware. For Rotter-
ware. For Bremen-38 rolls matting, 1 case. chinaware, 1 case silverware, 1 case grass cloth. For Bremen/Hamburg -60 bales feathers For Hamburg-87 bales canes, 67 bales feathers, 50 rolls matting, 3 boxes feathers, 1 case lacquerware. For London - 100 boxes essential oil. Copenhagen-1 cask preserves.
For
Per steamer Polynesien, sailed on 26th Jan. For Marseilles-165 bales raw silk, 7 packages silk piece goods, 43 packages human hair, 50 packages staraniseed, 5 packages feathers, 14 packages sundries. For Lyons:-100 bales raw silk. For London:-13 packages bristles.
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