390
COMMERCIAL.
SILK.
CANTON, 7th May, 1904. The first crop is estimated at about 4,500 bales which will mostly consist of market cargo. The majority of Filat! ure Houses have reduced their production in new silk owing to the bad quality and very high prices of cocoons ruling in the country, Fila- tures. During the fortnight under review the| market has become quieter, but, certain descrip! tions being very scarce, prices remain rather steady for suitable silk, From sales made we quote for 6th crop silk:-Kwong Shun Cheong and Kwong Shun Ching 11/13 at $890, Wing Wo Hing 9/11 at $840, Kwong Wo Tai 13/15 at $825 Short-reels.-Little has been done in this silk for America, the stock on the spot being almost nil Buyers show some interest for forward deliveries, but dealers are not inclined to sell ahead. Waste Silk. The market is firm for 5th and 6th crop Waste, further supplies of which are only expect, ed to a small extent.
Messrs. A. R. Burkill & Son of Shanghai, in their Circular, dated 11th inst., state:-The home mar- kets are quiet. Gold Kiling is quoted in London at 11- and in Lyons at Fes. 30.50. Raw silk.- Very little business is reported either in Tsatlees or Coarse Silks. Yellow Silks.-A few small settlements are reported at prices given below. Hand Filatures.-A fair business has been done chiefly in lower grade chops. Theupply of Crack Chops is practically exhausted. Steam Fila- tures. Very little business has been done. Tus- sahs.-A large busine-s has been done in Native Tussahs as well as Tussah Filatures. Waste.-- Very quiet.
SUGAR.
The Kobe Market Report, dated 3rd May, states:-Hongkong Refined.-No business has been transacted since the increased Consumption Tax came into operation, dealers being fully stocked. Beet.-The market continues lifeless Osaka with scarcely any change in quotations. Refined.-An auction takes place to-day.
Hongkong, 20th May. The prices are the same as when last reported. Shekloong, No. 1, White......$8.40 to $8.45 pels.
2, White...... 7.55 to 760 1, Brown...... 5.95 to 6.00 2, Brown...... 5.80 to
Do.
Swatow,
"
+
Do.
J
Do.
5.85
M
"
No. 1, White
8.25 to
8.30
>
Do.
2, White...... 7.40 to
7.45
Do.
11
1, Brown..... 5.80 to
5.85
39
Do.
"
"
2, Brown..... 5.65 to 5.70 Foochow Sugar Candy ..12.75 to 12.80 Shekloong
......... 10.00 to 10.95
"
带背
RICE.
HONGKONG, 20th May. The position of the market is nearly the same as when last reported. Saigon, Ordinary
..$2.75 to $2.80 3.90 to 3.95 4.05 to 4.10 Siam, Field mill cleaned, No. 2 ...... 2.80 to 2.85
No. 1
3.25 to 3.30 ........ 4.35 to 4.40 4.45 to 4.50
"
Round, good quality Long
J
11
Garden, White,
27
Fine Cargo
OPIUM.
HONGKONG, 19th May! The movements in our various Opium markets have been as follows:---
Stooks as per circular of
5th May, 1904. May, 6th Imports per Simla
THE HONGKONG WEEKLY PRESS AND
[May 21, 1904.
per piece 2.90 to 3.25
3.50 to 4.00 -
l
13th May.
Quotations are:-Allowance net to 1 catty.
Malwa New
.$1020
to $1060 per picul.
Malwa Old
$1080
to $1120 do.
COTTON PIEce Goods-
White Shirtings-54 to 56 rd.
58 to 60 .. 64 to 66
4.25 to 5.75
"+
$1140
to 1200
do.
.$1220
to 1250
do.
to
do.
Victoria Lawns-12 yards
Fine
6.00 to 8.50 Book-folds 5.00 to 0.85 to
800 1.75
$900 to $1315 to
do.
per chest.
.$1315 to $1295 to
COAL.
do.
ld.
Malwa Older Malwa V. Old Persian fine quality ..$880 Persian extra fine Patna New Patna Old
Benares New
The arrivals of coal up to date at Hongkong have been 61,200 tons of Japanese coal and 3,000 tons of Welsh cual, all sold; and 27,600 tons of Japanese coal are expected to arrive shortly.
COTTON.
HONGKONG, 2th May:-Limited sales only, Stock about 2,100 bales.
Bombay.. Bengal (New), Rangoon
and Dacca. Shanghai and Japanese, Tungehow and Ningpo, Sale:-100 bales,
YARN,
29.00 to 30.00 picul 29.00 to 32 00 31.5 to 32.30 31.50 to 32.50
Mr. Eduljee, in his report, dated Hongkong, May 20th, says: The market is showing signs of returning activity, and we look for higher prices. Receipts are now on a smaller scale, and holders are firmer, but prices are slow to move. Dealers are becoming auxious buyers, and as the stock of best spinnings is all but exhausted, are enquiring for favourite chops to arrive at an advance on quotations. Medium and common threads are still out of favour, but we think will have to be taken in the absence of best. A steady business has been done throughout the fortnight, some 8,000 bales changing hands as noted at foot, rates showing a slight advance of 50 cents to a dollar per bale. At the close there is further enquiry for good to best spinnings, but shortness of supplies is affecting business.
Local Manufacture-With the exception of a sale of 500 bales No. 10s at $112 to $:14 to local dealers during the interval there bas been no free buying of our mill production by northern buyers for some time past. The chief factor at work is alleged to be the continued disturbed state of affairs in Shantung, the principal outlet for this
thread.
Japanese Yarns--Are firmer owing to reduced stock and more enquiry; total business of the interval amounting to sales of about 1,500 bales Shensu and Settan No. 208 at from $1383 and $137 respectively, delivery in six to eight weeks.
Raw Cotton:here has been a slight move- ment in Indian descriptions principally brought about by heavy concessions in rates to which the majority of importers decline to submit. Sales reported are 350 bales Supertine Bengal at from $28 to $30. Estimated unsold stock about 1,000 bales. China cotton is quiet with nothing doing. Quotations are Indian $29 to
Stock 300 bales.
$32 and Chinese $31 to $33.
Exchange on India has fluctuated slightly and closes to-day at Rs. 133 for T/T and Rs. 133 for Post. On Shanghai 72 and on Yokohama 881.
The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ending 6th instant, viz
Indian:- In good demand, prices showing an advance of 1 to 2 Taels and market closing strong. Total sales 10,528 bales comprising 5.015 bales Malwa, Pulua. Benares. Persian. No. 108, 2,150 bales No. 128, 325 bales No. 168, and 3,038 bales No. 208. Estimated unsold stock 22,000 bales.
10th
"
18th
"
•
M
#1
Sui Sang Lightning
•
1,452 2,250 299 160
150
1,287 125 85
2,484 151
65 100
1,751 2,605 1,597
274 298
164 632
80
94
2,635
Leas Exports to Shanghai Less Exports to East and`
West Coast Ports including Local Consumption for the fortnight..
Estimated Stocks this day 1,313 1,775 1,423 2,556
Bengal,-Owing to the accumulation of stocks in consequence of a falling off in the deliveries buyers have been holding aloof and prices have declined considerably. We quote old and new Patna @ $1 316 and old and new Benares @ $1,295. | Malwa Small shipments and the increase of Rs. 100 in the duty in India have caused prices advance and the market closes very firm. We quoted:-
New
2
years old
3
11
4-6 Oldest
$1,020/1,060 $1,000/1,080
$1,100/1,130
$1,200 $1,250
+ Persian.-Quotations are $850 to $900 for best | qualities.
Japanese-With a stronger demand for No. 16s, sales of about 2,500 bales are reported, say No. 168 at Tls. 934 to 99 and No. 20s at Tle. 100 to 102, the latter showing a weaker tendency.
Local:-Market steady, prices showing little or no change, total sales 1,500 bales on the basis of Tls. 88 for No. 108, 11s. 90 for No. 128, Tls. 92 for No. 148, Tls. 95 for No. 168 and Tls. 991 for
No. 208.
MISCELLANEOUS IMPORTS. HONGKONG, 20th May.-The prices ruling are as follows:- COTTON YARN-
"
114.00 to 120.00 120.00 to 128.00 136.00 to 142.00 170.00
155.00 to
Bombay-Nos. 10 to 20,...$ 90.00 to $128,00 English-Nos. 16 to 24, 22 to 24, 28 to 32, 38 to 42, Reported sales 100 baler. COTTON PIECE GOODS—
Grey Shirtings-6 lbs. 7 lbs. 8.4 lbs. 9 to 10 lbs.
per piece 2.30 to 2.40 2.50 to 2.80 3.50 to 4.25 4.30 to 5.50
T-Cloths-6lbs. (32 in.), Ord’y. 2,30 to 2.80
7lbs. (82
11
2,50 to 3.00
6lbs. (32 ), Mexs, 2.50 to 3.00 7lbs. (32
71
3.10 to 3.30
8 to 8.4 oz., (36 in.) 3.30 to 4.05
Drills, English-40 yds, 184) FANCY COTTONS
Turkey Red Shirtings-14 to
8 lbs.
4.75 to 7.30
2.00 to 4.50
0.14 to 0 15 per yard
Brocades-Dyed
DAMASKB-
Chintzes-Assorted
0.11 to .0.35
Velvets-Black, 22 in,
0.26 to
0.55
Velveteens--18 in.
0.23 to
0.28 per dozen
per yari
Handkerchiefs-Imitation Silk 0.75 to 1.00
WOOLLENS-
0.65 to 1.00
Spanish Stripes-Sundry chops 0.75 to 2.50 German Habit, Med., and Broad Cloths
1.25 to 5,50 per piece
Long Ells-Scarlet, 7-10 lbs. 6.90 to 9.50
Assorted
Camlets-Assorted..... Lastings-30 yds., 31 inches
Assorted Orleans-Plain, 31 in.
Blankets-8 to 12 lbs.
Fine quality
per pair
7.05 to 9.65 13.50 to 36.00
13.00
to 21.00
10.00
to
4.80 to 8.00
1.25
to 1.85
per pical
4.30 to
4.35 to
wwwwwww
4.65 to
Wire, 18/25 o2. ..............: Wire Rope, Old
.......... 6.50
3.00
6.20 to to to
METALS-
Iron-Nail Rod.
Square, FlatRoundBar(Eng.)4.30 to
Swedish Bar
Small Round Rod Hoop to 1 in.
Messrs. Noel, Murray & Co., of Shanghai in their report, dated May 12th, say-The astonishing successes attending the remarkable progress of the Japanese Army is the most interesting feature of the week under review, inasmuch as it is likely to have an important bearing on this trade. There is little doubt about the reported landing on the Peninsu- lar above Port Arthur and Dalny, thus cutting off those ports from Russia's base of operations, but the later rumours that Newchwang has been evacuated needs confirmation. The Natives are inclined to believe in it; but until more definite news comes to hand it will not be acted on. It may possibly be only a repetition of the tactics we became familiar with towards the end of last year! Steamers are being held in readiness to go up if the news should prove true, and we understand a considerably reduced rate is now quoted by the Insurance Offices against war riak. Steamers are loading there with produce for the Southern Ports without much difficulty, and the demand for tonnage continues. Of course as the port is in the sphere of operations, even if it is evacuated by the Russians, certain restrictions might be put on the shipment of cargo by the Japanese, so there is likely to be considerable uncertainty and delay before trade could be resumed freely. The prospect of a demand seems to have a restraining influence on holders of cargo here, not that there is any great amount of enquiry. Still offers have been declined that possibly might otherwise have been accepted, the trade of the week being confined almost entirely to a few hundred bales of 8.4-lbs. Grey Shirtings and about 3,500 bales American Sheetings and Drills. The market in Manchester has been somewhat irregular, and considerable business with this was pending when a demand for other markets than China appears to have sprung up and prevented the orders going through to a great extent, through we have heard of some comparatively cheap parcels being settled. Prices, however, are mostly at least five per cent, over rates current here, and although gradually becom ing convinced that the advance must be paid, if goods are wanted for the Autumn trade, the deal. ers still hesitate to place their orders. Cotton in Liverpool has fluctuated somewhat since our last, advancing to 7.64d. at the close for Mid American, while the latest quotation for Egyptian is 8fd. The export is keeping very moderate. Manufac turers in the States have recently shown more disposition to court offers, though not willing to prejudice their sales for home consumption by inaking any very great concessions. However, for a fairly large quantity they have not been able to resist a comparatively low offer for Pepperell
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