14
COMMERCIAL.
SUGAR.
HONGKONG, 1st July.-The prices are the same as when last reported.
Shekloong, No. 1, White... $8.65 to $8.70 pels.
Do.
2, White...... 7.75 to 7.80
Brown.. 6.00 to
Swatow,
1
THE HONGKONG WEEKLY PRESS AND
YARN.
Mr. Eduljee in his report, dated Hongkong, July 1st, says: The market has been entirely unhinged during the past fortnight by the keon competition amongst importers. Prices have been further run down 82 to $4 per bale and still no abatement in the downward course is apparent. The principal factor at work has been the heavy drop in the value of raw cotton in America, al- though this does not appear to have made any appreciable difference in the Bombay market. Buyers having in view the weak position that holders have assumed, are now holding entirely aloof and await developments. The Shanghai market is reported inactive and declining, which greatly adds to the gloominess of the situation. The volume of trule has been comparatively small and, we close with a quiet and unsteady market. Supplies continue gradually to fall away, and on comparing the total arrivals of the past six months with those of the corresponding Hongkong, 1st July. No demands having period of last year we find a decrease of 28,700 come forward the prices are declining.
hales in the receipts for Hongkong and of 57,900 bales in those of Shanghai.
11
Do.
1,
6.05
Do.
++
2, Brown...... 6.85 to No. 1, White...... 8.60 to
5.00
*
8.65
*
Do.
**
2. White...... 7.80 to
7.65
Do.
*
1, Brown...... 5.85 to
5.90
"
2. Brown...... 5.65 to
*
6.70 12.75 to 12.80
.10.90 to 10,95
Do..
Foochow Sugar Candy
Bhekloong
Saigon, Ordinary
12
+1
RICE.
Round, good quality Long
Siam, Field mill cleaned, No. 2
4
"
.$2.55 to $2.60
3.95 to 4.00
4.10 to 4.16 2.70 to 2.75
No. 1
#T
4.20 to 4.23
3.20 to 3.25
................ 4.35 to 4.40
Garden,
**
17
White,
**
Fine Cargo
OPIUM.
30th June.
Quotations are:-Allowance net to 1 catty.
$1000 to $1040 per picul. ..$1060 to $1100 do.
Malwa New
Malwa Old
Malwa Older
...$1150
to $1190 do.
Malwa V. Uld
Persian fine quality.
Persian extra fine
Patna New
Benares New Benares Old
$1210 .$850
$880 to $12224 to ..$1320 to .$1190 to $1210 to
to $1230 do.
to
do.
do.
do.
Patna Old
do. do. per chest.
HONGKONG, 1st July. We beg to continue our advices of the 16th June, since when the movements in our various Opium markets have been as follows:-
Stooks as per circular of
16th July, 1904. June 18th my arts per Bengal
17th
27
21st
28th 29th
"
++
Malwa, Patna, Benares. Persian.
..1,857
1,892 1,370 2,500
100 150
45
45
Furra
300
110
**
Ban Sung
585
315
Tomkin
:00 110
Sui Fang
347 133
1,517
Less Exports to Shanghai Lea Exports to East and“
West Coast Ports including Local Consumption for the fortnight..
Estimated Stocks this day
3,414 2,001 1,605
181 398 427
103
281
53
1,280 2,401 1,403 2,522
Bengal.-After the Government of India de- clared that next year the same quantity would be sold as at present, viz. 48,500 chests, a spurt took place and great activity bas prevailed in the market. Closing quotations are: New Patna $1,222, New Benares $1,1924, Old Patna $1,310, Old Benares $1,210.
|
[July 2, 1904
New
be over. The situation at Newchwang continues to be shrouded in mystery. The Japanese are evidently not going to attempt anything in that direction until after the fall of Port Arthur. There is a fair enquiry for tonnage, but it is mostly for what the Russian's consider contraband of war, and very little for Piece Goods and Yarn. The Manchester market is rapidly declin- ing in sympathy with Cotton. Quotations are down fully six pence for 8.4-lbs. Shirtings and nine pence for 10-lbs. heavy makes since the last. home Mail dates, and some really sporting offers have been made and accepted for early shipment. The latest quotations in Liverpool for Cotton are 6.16d. for Mid-American and 61¡d. for Egyptian. The shipments from Manchester are keeping very moderate, the total this year to date being very slightly over 1901 for the same period. York is in one of its old dumping moods again. Not that goods are being shipped out on speck, but the eagerness to clear out of makes that are in stock by bawking them all round the market hy special agents, and telegraphing quotations and asking for counter offers from almost every firm of any importance here, is having quite à demoralising effect on the native dealers. It is very unfortunate that they have come in so soon with these offers, as otherwise the market would have been able to weather the temporary set back caused by the slump in Cotton. We understand that the price of Standard Drills has recently come down considerably. There is a firmer feel- Raw Cotton:-The market continues lifelessing in the Yarn market and prices for the best and no business is passing in Bengal or China
Indian spinnings show a slight recovery. descriptions. Estimated unsold stock, 1,800 bales Bengal and 300 bales Chinese. Quotations are $26 to $31 Indian, and $31 to $33 Shanghai,
Local Manufactures :-No business is reported. Japanese Yarn:-A drop of $3 to $5 per bale has induced a comparatively larger business to the detriment of Bombay No. 20s. Sales reported are 890 hales No. 20s at from $135 to $1291 accord- ing to spinning.
Exchange on India has continued steady and closes strong to-day at Rs. 137 for T/T and Rs. 1871 for Post. On Shanghai 71, and on Yoko- hama 89
The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 18th ultimo, viz :---
Indian-Total sales aggregate 2,512 bales, prices showing a decline of 2 to 4 Taels and market closing weak and unsteady. Estimated unsold stock about 25,000 bales.
Japanese-Market weak and declining; 2,400 bales only changing hands on the basis of Tls. 901 to 961 for No. 16s, and Tls. 97 to 100 for No. 208,
prices showing a decline of 2 to 4 Taels.
Local: There has been very little enquiry for these spinnings at easier rates, business reported being about 1,000 bales, say No. 128 ut Tls. 88 Tla. 911 for No. 148, and Tls. 93 for No. 16s.
MISCELLANEOUS IMPORTS.
Shanghai, 23rd June.
Messrs. Noel, Murray & Co., in their Report on the Shanghai Piece Goods Trade, state:-The settling day is over but the benefits expected to accrue when that was passed have sadly dis- appointed those engaged in the Import trade. This was brought about chiefly by the serious slump in Cotton, which was quoted down twenty- six points two days after our last Report was issued, and a further twenty-two points yesterday, or close on a half penny for a week. At the same time Silver is appreciating and Exchange rising according. The effect of the movements in these two important factors has been to practically stop business, as the too-well informed dealers here want to reap all the benefit they can. They have the information, though we have not sac- ceeded in getting it confirmed from Foreign sources, that the price for December futures was down to 5}d, and afterwards to even 5d., and as they seem disposed to act on that, orders have largely been withdrawn, and those who have booked goods are doubtless regretting their hasty Persian. There is no change to report, prices action. Except for very prompt shipment it is are $858/880.
Malwa -The market has been very dull and sales have been trifling. Quotations are :-----
New
years old
2
3
富婆
11
4-5 Oldest
*
"
COAL.
$1,000/1,020 $1,040/1,080 $1,080/1,100 $1,180 $1,230
The arrivals of coal up to date at Hongkong have been 16,000 tons of Japanese coal, all sold; and 19,500 tons of Japanese and 2,000 tons of Welsh coal are expected to arrive shortly.
COTTON. HONGKONG, 1st July:-Very quiet market. Stock about 1,800 bales.
Bombay....
27.00 to 29.00 picul
|
HONGKONG QUOTATIONS.
HONGKONG, 1st July.
Beans
Borax
Camphor (China)..
(Formosa)
Cassia (First quality) (Second
Oil
$4
$16 (17)
$105
$110
$21
}
.$14
$160 @ 170
Cloves
$25 € 55
Fennel Seed Oil Galangle Glus.
$330
.$13
$27
$14 @ 19
Grapes Ivory Kismiss Rosa Oil
Saltpetre Sandal wood
"
Senna Leaves...... "Sugar Candy
Vermilion
Max..
$250 (☎ 650
$8 @ 13
.$70
$11
175
$28 @ 32
$309 @ 400
Oil
$3 @ 6
$11 @ 15
$871
.$40
MISCELLANEOUS EXPORTS.
for the net shipping weight excluding cost of HANKOW. 1st July. The prices quoted aro
packing for export :-
Cowhides, best selected
Do.
seconds
Per picul.
Buffalo hides, best selected Goatskins,untanned (chiefly white colour),,, Buffalo Horns (average 31bs. each) White China Grass (Wuchang and/or
Poochi) White China Grass (Sinshan and/or
Chayu) Green China Grass (Szęchuen) Jute
White Vegetable Tallow (Kinchow) White Vegetable Tallow (Pingchew
and/or Macheng) White Vegetable Tallow (Mongyu) Green Vegetable Tallow (Kiyn) Animal Tallow Gallnuts (usual shape)
Do.
(Plum) do. Black Bristles Feathers (Grey and/or White DuckTM
Wild Duck
not possible now to find buyers at prices at all adequate, and it seems likely that, to a great extent, forward buying will be postponed until really reliable information concerning the new The sudden appearance crop can be obtained. of the Vladivostock fleet, and the depredations they have effected with the over-confident trans- port fleet of the Japanese, is the principal item of War news this week, though it seem certain that some most important land operations have been in progress, the particulars of which are awaited with interest, the result however is no longer open to doubt, for the Japanese have proved already that with their undaunted determination they Turmeric are practically invincible against their present Sesamum Seed
Port Arthur will be taken before the Seaamum Seed Oil end of the month probably, then will come Vegetable Tallow Seed Oil Vladivostock's turn, and when that is accomplished Wood Oil, the War should to all intents and purposes
foe. Bengal (New), Rangoon) 27.00 to 31.00
and Dacca....
Shanghai and Japanese, 30.00 to 81.00 Tungchow and Ningpo, 80.00 to $1,00
**
|
Tea Oil
17
Tls. 82.50
28.00
331
18.50
57.00
9.00
10.00
"
9.70
"
5.00
**
10.00
9.50
35
27
10.00
8.60
"
18.50
**
21.00
124.00
"
19:50
11
21.00
3.00
4.50
7.90
FR
71
7.90
8.00
15
8.75
"
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