·
490
COMMERCIAL.
SILK.
CANTON, 17th December, 1901 :-Long-reels Have experienced a marked decline on last quota- tions, with moderate business. Keelers, however, with few exceptions appear in no hurry to sell, and give way slowly, some of them asking th same prices as before and are practically out of the market. From sales made we quote:--Fils. Kwong Ping On 9/11 at $960; Kwong Ho 10/12 at $930; Sai Sill Lun 13/16 at $920; Kwong Lun Hing 11/18 at $900; Min Tai Cheong 13/15 at $980; Soey Wo Cheong 11/13-18/15-14/18 at $790; On Kee 11/13-13/15-14/18 at $790; Yee Wo Lun 18/15 and 14/18 at $780. Short-reels. Some spot lots have been sold out during last week; but now dealers
in general refuse to meet buyers to the full extent of the concessions asked, $860 have been paid for Quang Wo Hing 14/16. Waste Silk-A fair business has been done at irregular prices, with some divergence according to the in- dividual feeling of holders. Dealers are much inclined to make some concessions for
selected unopened" stock of which is very large. Extra
Stocks.-Raw Silk: 2,000 Bales.
Messrs. A. R. Burkill and Son's Silk Circular, dated Shanghai, 17th December, states:-The home markets are quite. Gold Kiling is quoted in London at, 12/3 and in Lyons at res. Raw Silk. Practically no business has transpired in Tsatlees since the date of our last Circular,
33.50.
whilst in Coarse Silks sales have been limited to about 50 bales. Yellow Silk.-Business has been on a fair acale this week. Hand Filatures.---- Business has been principally in Shanghai Re-reels this week," about 260 bales having been settled. Steam Filatures. -Very little business doing. Waste Silk-Business has been done in Long Shanghai B. whole bales at Tls. 25/26 per picul. The quality of this waste is very inferior this,
season.
RICE.
HONGKONG, 30th Dec.—The prices are declining, market being dull.
.$2.23 to $2.30
Saigon, Ordinary..
"
*
Round, good quality Long.
Siam, Field mill cleaned, No. 2
»
Garden,
White,
"S
Fine Cargo
No. 1
COAL.
8.85 to 3.90 4.05 to 4.10 2.55 to 2.65
2.65 to 2.75 4.10 to 4.15 4.45 to 4.55
Messrs. Hughes and Hongh, in their coal report of to-day's date, state that four steamers are ex- pected at Hongkong with a total of 11,500 tons of Japan coal and 3,000 tons of Hongay. Since 18th December 29,700 tons of Japan coal have arrived, all sold. The market is quiet. Quot-
ations:
Cardiff. Australian
Yubari Lump.
$18.00 ex-ship.
..$11.00 ex-ship. ..$12,00 ex-ship, nominal $10.00 ex-ship, nominal Moji Lump.s... $8.50 to 10.00 ex-ship, steady
Miiki Lump
YARN,
Mr. Eduljes in his report, dated Hongkong 30th December, says:-To-day marks the close of the Season, and a casual glance at the course of the trade during the past twelve months cannot be out of place.
THE HONGKONG WEEKLY PRESS AND
secured large contracts for the China market as far ahead as July-August delivery to the tune of 8,000 bales, and are working full time. Though forthcoming trade prospects, let us hope that want of rain has very much interfered with the
have been toned down or changed for the better many of the supposed asperities of the year will by the time the following Christmas comes round, and that every thing will turn out for the best.
To the cotton trade of India tho season has been one of abnormal prosperity the like of which, high prices, has not been experienced since the with its violent fluctuations and extraordinarily days of the American Civil War-exports rising by 30 per cent. in quantity and 68) per cent.
in value.
Our Yarn market is perfectly demoralised, and
again business has been confined to urgent requirements for the small wants of the city. A further general fall of $2 to $3 in prices has taken place, and no abatement in the downward course is apparent. Dealers are keeping entirely aloof, no offers whatever are obtainable, and our quot-
tion amongst importers still continues and the ations have become quite nominal. The competi-
war of rates is unabated.
imported article continues quiet.
Local Manufacture-in sympathy with the
Joss No. 208 at $130 is the only business of the Japanese Yarn:-A sale of 200 bales Yellow fortnight, rates showing a decline of $2 per bale.
Raw Cotton-Prices have further dropped Superfine Bengal at $20, and of 130 bales Thoong- down a Dollar per picul, and sales of 30 bales chow at from $28 to $27 are reported. New bales are being exported to Kobe. Stocks are Bengals are now coming in freely and about 1,050 | 2,000 bales Indian and 500 hales China. Quot- ations are $24 to $26 for Indian, and $26 to $28 for Shanghai,
T/T, and Rs. 1463 for Post.
Exchange on India closes to-day at Rs. 146; for On Shanghai 72, and on Japan 91.
The undernoted business in imported and local night ended 16th instant, vis:- yarn is reported from Shanghai during the fort
|
Indian:-
:-The market has been very dull and sales amount only to 2,500 bales, prices showing a fall of one to two taels. Estimated unsold stock 36,000 bales.
Japanese-aro weak and sales reported aggre- gate 2,500 bales on the basis of Tls. 94 to 100 for No.-168, closing weak,
Local:-Prices tending downwards with little or no business doing.
ness.
PIECE GOODS.
|
[December 31, 1904.
tity can be made beyond what is already booked, which may in time have a reassuring effect here when the Natives come to realise this fact. Egyptian cotton is quoted 7,4d. We have_not heard of any special change in the New York market. A further decline has taken place in the is said, by the large cargo bought on by the sa. Yarn market during the last day or so, caused, it Malta. It seems quite superfluous, however, as this lot must be part of the 11,300 bales which was telegraphed some ten or twelve days ago as the weeks, so that subsequent arrivals must show a total export from Bombay of the previous three great falling off.
SHARE REPORTS.
the week under review, the settlements have
HONGKONG, 30th December, 1904.-During · continued to overshadow the market, and we
have but little business to report: The cou- tinued rise in the rate of sterling exchange is still exerc'sing a depressing effect, while the
market dull and more or less depressed. Christmas holidays have also assisted to keep the
BANKS. Hongkong and Shanghais have weakened a little to $710, at which rate a few
unchanged £70. 108. Nationals remain unobang. shares have been on offer, the market closing steady at that rate with the London rale ed and without business.
steadier with buyers and no sellers at $690. MARINE INSURANCES.-Unions have rule!
China Traders have changed hands at 358, and buyers without any sales to report. close with bayers. Cantons remain steady at $250
clined to $330 with sales, but close with buyers F.RE INSURANCES.-Hongkongs bare de-
at that rate. Chinas 10 nain at 890 with small sales and buyers.
FHIPPING.-Indos, after further sales at $127 again receded, and a fair number of shares have changed hands. at $126 during the week. At at 3218, the latest quotation from Shanghai is time of closing the market is firmer with buyers
Tls. 21, and from London £12. 5s. A demand` for shares forward at rather better than equival- eut rates is not met. Hongkong, Canton and Macaos continue to rule weak with sales and sellers at $28, China and Manilas continue on offer at quotation without sales. A demand for Douglases at $334 has only been partially met, and the stock closes firm at that rite. Star Ferries remain neglec ́ed at quotations, with only a small business in the new issue at $29 to report. Shells Have changed hands at 26/- cun dividend, closing quiet.
Report, dated Shanghai 22nd December, states:-- Messrs. Noel, Murray & Co.'s Piece Goods Trade From all appearances importers are going to have ample opportunity for enjoying the Christmas and
REFINERIES. China Sugars have ruled New Year holidays, the dealers having already steadier during the week and sales have been made that their excuse for abstaining from busi-effected at $225 and $227, whilst a forward So far as fresh forward transactions are demand at equivalent rates remains unsatisfied. concerned that is all very well, for undoubtedly The market closes fairly steady at $227. with the present uncertain position of cotton that is Luzous have slightly improved to $16. the safest thing to do. Importers, however, would feel more comfortable if they saw some improve- decline of Raubs to $3 we have nothing to report. MINING. With the exception of a further ment in clearances of former purchases, which are accumulating, with every prospect of not a little of the "gilt being knocked off the ginger bread" in the way of interest and storage. It came rather as a shock to the nerves of some when the Japaneso authorities had to put some restrictions on the distribution of goods from Newchwang, owing to The has been an eventfull one for the the detection of war-like material being sent in that Indian Mill industry. As far as Hongkong is con-guise to the enemy's lines. News was received cerned importations show a decrease of 69,030 bales, or 23 per cent., and sales of 22,966 bales, or 134 per cent., on those of 1903. The abnor- mally high prices of both cotton and yarn con- sequent on the manipulations of the Sully ring in America, and the paucity of supplies of raw cotton are solely responsible for this shrinkage. With the exception of a few occasional lulls in the market, prices, both here and in India, have kept steadily advancing, and if invoice costs are any guide to results, the steady forward purchases of our large and enterprising importers and dealers throughout the season, must show a margin of profit commensurate with the extent and mag-
year
nitude of their transactions.
To the spinning industry of Bombay, however, the season has been full of vicissitudes, and spin- ners have gone through a truly anxious time, at least for the first nine months of the year. From
the beginning of the yearto the end of February several mills stopped working, since then some of
them returned to short time. Five mills have been closed during a great part of the year, China has ruled a poor buyer, and prices generally offer- ed have given little or no margin of profit. Again at the close of the year several of the, mills have
yesterday, however, that these had now been rescinded, so preparations are being made to send up further supplies. The process appears to be this: Tientsin merchants, who had bought here, have resold to Newchwang dealers and are send- ing the goods, as fast as the limited tonnage will allow, up to Chin-wang-tao, from whence they go by rail to their destination. Fair supplies of American goods have come in during the last six or seven days, and it is reported the Pacific Mail Company have put on another extra boat from San Francisco to relieve the strain. Looking at results of the regular Auctions, which are practically the only guido at present to the market, importers must certainly be congratulating themselves that they have no available cargo for sale, and once more this method of conducting a regular business is demoralising the market. Native holders who do not want to be left are resorting to the same
means of disposing of their goods and are putting the market into a very nervous state. In spite of a decline in cotton to 4 13d. for Mid American in Liverpool, the Manchester market is reported steadier, and though, undoubtedly, every effort will be made there to take advantage of the shimp in the raw material, it is felt that no great quan
kong and Whampao Docks have steadied slightly DOCKS, WHARVES, AND GODOWNS.-Hong-
and after sales at $215 are enquired for in a small way at $216. Kowloon Wharves have buyers at $111 with no sales or sellers. New business. Farnhams during the weak fell Amoy Docks remain unchanged and without further to Tls. 153, but rallied quickly, and after sales at Tls. 160, 163 and 165 close fairly steady at Tls. 170, which last is the closing quo. tation in Shanghai.
LANDS, HOTELS, AND BUILDINGS.-Hong- kong Lands continue quiet at $147 sellers,
under that. a d buyers could probably be satisfied at rate, Kowloon Lands, West Points and Humphreys remain unchanged and without business. Hongkong Hotels have further declined to $144 closing with sellers.
COTTON MILLS.-No changes on business to report under this leading.
MISCELLANEOCs.-Cements have changed hands at $30, and Powells at $124. Alhambras are enquired for at $100, Campbell, Moores at $40, China Borneos at $131, Dairy Farms Sonth China Morning Posts at $214, while in at $3', onm new issue. China Gas at $160, and
other stocks under this heading zellers at quota- tions rule the market.
MEMOS.- Hawphreys' Estate and Finance Co., Ltd. call of $7.50 on shares not fully paid up (new issue) dne 2nd January, 1905.
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