April 9, 1904.]
EXCHANGE.
FRIDAY, 8th April.
ON LONDON.—
Telegraphic Transfer
.1/81
Bank Bills, on demand
1/811
Bank Bills, at 30 days' sight
1/87
Bank Bills, at 4 months' sight
1/97
Credits, at 4 months' sight
Documentary Bills, 4 months' sight 1/9°
19%
ON PABIS.-
Bank Bills, on demand
2171
090
Credits 4 months' sight
ON GERMANY. ----
On demand.
.177
ON NEW YORK.-Bank Bills, on demaud 421
Credits, 60 days' sight
43
CHINA OVERLAND TRADE REPORT.
are obtainable at $134. A fair business forward at equivalents of $135 0.8h is reported. Humphreys have improved to $10.60 with buyers after sales at $101 and $104. Nothing else to report under this heading.
COTTON MILLS. -No change or business to report.
MISCELLANEOUS.-Green Islands have found buyers at $231 ex dividend paid on 6th inst, and close steady at that rate. Ropes have declined to $140 without sales. Watsons are still wanted at $14 and Watkins are slightles firmer at $61. MEMOS.-Kowloon Land Co. extraordinary general meeting on 9th inst. to alter certain Articles of Association.
Closing quotations are as follows :
COMPANY.
ON BOMBAY.-Telegraphic Transfer. 129
PAID UP.
Bank, on demand.
.10,
OX CALCUTTA.-Telegraphic Transfer129
Bank, on demand
Banks -
1291
UN SHANGHAL-Bank, at sight
73
Hongkong & S'hai.... Natl. Bank of China'
$125
734
A. Shares
85
B. Shares
Nom Nom.
Foun. Shares...
Private, 30 days' sight.
ON YOKOHAMA.-On demand ON MANILA.—On demand ON SINGAPORE,-On demand ON BATAVIA.—On demand ON HAIPHONG.-On demand ON SAIGON.-On demand..... ON BANGKOK.-On demand SOVEREIGNS, Bank's Buying Rate Gold Leaf, 180 fine, per tael. BAR SILVER, per oz,
SHARE REPORT.
...... 1041 ...Jip.c.pm.
..1 pc.pm
.624
$11.40
$59.70
.25
HONGKONG, 8th April, 1904.-The market opened after the Easter holidays with a decided- ly firmer tone, and rates in many of the leading stocks have improved materially; a fair business has been transacted, chiefly in Indos, Banks and Sugars, and the market coses comparatively active with a firm tendency.
Insurance
Union China Traders North China..
Yangtaze.. Canton.
Hongkong Fire China Fire Steainship Coys.
H., Canton and M... Indo-China S. N. China and Manila.. Douglas Steamship Star Ferry.... Shell Transport and
Trading Co..... Do. pref. shares.. Refineries-
China Sugar Luzon Sugar.. Mining-
Punjom
Do. Preference.. Charbonnages Raubs
BANKS.-Hongkong and Shanghais, The firmness reported in our last circular continuing and the demand remaining unsatisfied, the rates quickly rose from $6171 to 3640, with intermed- icate sales $625, $630 and $635. On time shares have been placed at 8660 for August and at about equivalent rates for June and September. Docks, Etc.- The market closes at 8640 for cash. Last Loa- don quotation per Reuter is £62. Nationals continue in request at $371 with no shares available.
MARINE INSURANCES. -Unions have im proved with sales at $4724 and $475 closing China Traders have steady at the latter rate.
be-n in demand at $56) without bringing any shares on the market. The Northern Insurances remain unchanged and without any local
business.
FIRE INSURANCES.-Hongkongs have ritled steady with small sales at $285 closing with buyers, and Chinas at 883 also closing firm.
SHIPPING.-Hongkong, Canton and Macaos have improved to $271 sales, the demand at $264 reported our last not being met. The stock closes firm at the former rate with likely buyers. Indo-Chinas have been quite active and a very fair business have been put through at rates between $91 and $90 for cash, and at rather less than equivalent rates forward, our latest advices from Shanghai say that "quola- tions cannot be given with any reliability' but their latest defiuite rate quoted is Tls. 69, which at the high
of exchange rate now ruling works out at about $95. China Manilas have been on offer during the week at $22, without sales and close with sellers, Douglases have found buyers at $34, $34 and $35 and close steady at the last rate. Ferries (old) have been placed at $31, and new shares at $181.
Star
REFINERIES-China Sugars have been in strong demand both for cash and forward, aud the almost complete absence of sellers at the last quoted rate quickly sent the quotation to $117 after fair sales at $115 and $116 and at equivalent rates forward. At time of closing although no shares are on offer it is doubtful whether business to any extent could be done. Luzons remain unchauged and without business. MINING. With the exception of a few small sales of Raubs at 86 and $61 there is rothing to report under this heading.
LANDS, HOTELS. AND BUILDINGS.-Hong- kong Lands continue quiet with probable sellers at 8145 for cash. Hongkong Hotels have been placed at $135 and at time of writing
H. & W. Duck H. & K. Wharf & G. New Amoy Dock
C. F. Boyd & Co.. Land and Building-
Hongkong Land Inv. Kowloon Land & B. West Point Building Hongkong Hotel Humphreys Estate
QUOTATIONS.
$64, sellers (L'den, £62.
28 $35), buyers 28 $35), buyers 21 810.
$100 $475, buyers $25 $56, buyers
£5 Tls. 674.
$60 $135.
$50 $175.
FREIGHT.
287
Messrs. Wheelock & Co., in their Report of the 31st March, state-Our Homeward freight market remains in much the same state as at last time of writing and there is nothing of interest to report except that, as we predicted, the rise in freights to New York via Suez, has come to pass, and the rate is now 30/- a ton for general cargo and if the scarcity of tonnage continues shippers must be prepared to face a further increase. Coastwise-Newchwang is now open and several coasters have gone up in anticipation of good employment; but news has just come to hand that martial law has been proclaimed there by the Russians; beans and beancake are declared contraband and shippers to neutral ports must deposit the money value of the cargo as security against transhipment to Japan and Corea. This will seriously hamper trade, and is a very high. handed action on the part of the Russians, be considering Newchwang ia supposed to a Chinese Treaty Port. The large * time chartering business that has been done recently has now slacked off as the Japanese seem to have got all the tonnage they require; but the demand. still continues for trip-charter and we expect to see good paying rates on the coast for a long time to come. As this goes to press we hear there is some probability of an amicable arrange- ment being made between ship owners and the Russian authorities with regard to the export of
$50 $285,sales&buyers | beans and bean-cake. $20 |$83, sales & buyers
$15 $274, buyers 210 $95, sellers $50 $22, sellers $50 $35. $10 $31, sales
$5 $18, sellers 2119, sellers
£10 £8.
$100 $117, buyers $100 $10, sellers
$11 $1, sellers $125 cents
Fcs. 250 $5'0.
18:10d. SG, sales & sellers
$50 $206, sellors $50 $91, buyers
$6171, sellers Tis. 100 Tls, 150, buyers
$100 $145. $30 Sta.
$50 $53.
$50 $134, sellers
$10
$10.60. buyers
$21
'hai Land Ins. Co., Ld. Tls. 50 Cotton Mills—
Ewo International Laou Kung Mow Soychee
Hongkong.... Green Island Cement. China-Borneo Co., Ld. Watson & Co., A. S....] Hongkong Electric Hongkong & C. Gas.... Hongkong Rope.............. Fenwick & Co., Geoj Hongkong Ice.
Hi H. L. Tramways. Hk. Steam Water-
Boat Co., Ld. Dairy Farm Campbell, Moore & Co. Bell's Asbestos E. A. United Asbestos
Do......
Tebrau Planting Co.. China Prov. L. & M. Watkins Ld... China Light &Power ?
Co., Li. Powell, Ld.. Shanghai and Hong- kong Dyeing and Cleaning Co., Ld. Canton, Hongkong Ice Cigar Companies-
2.80, sales & buy. Tls. 107.
Tis. 50 Tls. 33, sellers Tis. 75 Tls, 25. Tls. 100 Tls 821. Tls. 500 [Tls. 170.
$10 $14), sellers $10 $231, ex div., sales $12 $8.1, buyers $10 $14, buyers $10 $13.
$5 $61, buyers £10 $140, buyers $50 $140, sellers
$25 $47. $25 $220, sellers $100 $300.
$10 $15), sellers
$6 $121, buyers $10 $37,ex div.,sellers 12/6 $5, sellers $4 $9, buyers $10 $210, buyers
$5 $1, sellers $10 $8.75, sellers $10 $6, buyers $10 $5. $10 $91.
$50 $50.
$10 $10, nominal
$500 $200.
$10 $10, buyers
Alhambra Limited. Phippine Tobacco ) Trust Co., Ld. J
VERNON SMYTH, Brokers.
TONNAGE.
D
HONGKONG, 8th April.-The freight market is weaker all round, with only a limited demand for tonnage. From Saigon to Hongkong, 20 centa last and offering; to Philippines, 38 cents no- minal. Bangkok to this, 27; and 32) cents laạt, and 26 and 31 cents per picul offering. From Newchwang to Canton, prompt steamers wanted, as much as 55 cents per picul being offered, but ns it is reported that hostilities are imminent at Newchwang, still higher rate will have to be paid to induce owners to go in for this business. Two charters effected some time ago have been can- celled by owners, Coal freights are weaker. From Moji to this, $2.60 to $2.70; to Singapore, $2 75 last; to Amoy, $3.25 offering for ready boat. Time charters-Norwegian 8.8. Prometheus has been re-chartered to Chinese for Bangkok trade. All pressing requirements appear to have been filled, both locally and in Japan, and very much lower rates are now offered, with charterers op- tion of shipping coal and foodstuffs. The German steamers Monkut, Phra Chula Chom Klas and Michael Jebsen were sold to Japanese at about The following are the gttle- £10,000 each.
ments:-
Carl-German steamer, 2,153 tons, Moji or Kuchinotzu to Singapore, $3 per ton.
Sandyford-British steamer, 2,053 tons, Moji or Kuchinotzu to Hongkong, $2.75 per ton.
Breid-Norwegian steamer, 645 tons, Saigon to one port Philippines, private terms.
Taishan-British steamer, 1,122 tons, Saigon to Hongkong, 24 cents per picul.
Laertes-British steamer, 1,514 tons, Saigon to Hongkong, 24 cents per picul.
Amara-British steamer, 1,566 tons Saigon to Hongkong, 23 cents per picul.
Petrach-German steamér, 1,252 tons, Saigon
to Hongkong, 231 cents per picul.
Fausang-British steamer, 1,410 tons, Saigon to Hongkong, 23 cents per picul.
Chunshan-British steamer, 1,282 tona, Saigon to Hongkong, 21 cents per picul.
SIshan-British steamer, 845 tons, Saigon to Hongkong, 22 cents per picul.
Telemachus-British steamer, 1,340 tons, Saigon to Hongkong, 21 cents per picul.
Decima - German steamer, 794 tons, Saigon to Hongkong, 20 cents per picul.
Holstein German steamer, 1,103 tons, Saigon to, Hongkong, 20 cents per picul.
China-German steamer, 1,093 tons, Saigon to Hongkong, 19 cents per picul.
Signal-German steamer, 1,000 tons, Bangook to Hongkong, 32) cents and 274 cents per picul,
Prometheus-Norwegian steamer, 1,023 tons, monthly, 4 months, $7,250 per month (re charter).
Seirstad--Norwegian monthly, $7,000 per month.
steamer, 617 tons,
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