18
COMMERCIAL.
SILK.
Messrs. A. R. Burkill & Sons's Silk Circular date Shanghai, 24th December. States:-The home markets are firm. Gold Killing is quoted in London at 113 and in Lyons at Fcs. 34.00. Raw Silk. There in again no business to reported | Tsatless. In Tarsaams we have heard of only one transaction of 100 bales. Manderin on the basis of Tls. 565 for M. Hand Filtures.--Nothing doing. Steam Filature.-Have been in fair de mand for America at rate given below. Yellow silk. Very little business doing. Waste silk.— The market continues exceedingly quiet.
The Kobe Market Report, published under the direction of the Hiogo and Osaka General Chamber of Commerce, dated 18th December, has the following:-
IMPORTS
Cotton. -American. The past fortnight has seen a heavy fall in prices owing to the official crop report of 12,162,000 bales, and business is quite at a standstill. The price at the close for Middling is nominally about Yen 27.50 for spot, and a little lower for January shipment. Indian. -Prices have fallen considerably in sympathy with American quotation, although Indian prices rule comparatively high. The movement in cash is dull, with very little doing owing to shortage of stock. A large business, however, for December shipment had been booked before the fall in prices. Nominal quotations for Akola Khamguam are Yen 23.50 and Yen 24 1espectively, and for Broach
Chinese. and Bengal Yen 26 and Yen 23.50. The present high rate of silver has caused a rise in prices, and no business is reported. Grey Shirtings, Cotton Goods and Fancies.-Market continues in a very dull state. Worsteds and Woollens. Nothin doing of importance. Window Glass.-Higher in absence of any arrivals, and in consequence of the extended strikes in Belgium. Metals. An improvement is noticeable. Chemicals. -Match Chemicals.-Firm at last quotations. Sugar.-Hongkong Refined.-Few inquiries, but prices unchanged. Beet.-Reports that the pro- posed Consumption Tax, instead of being 50 sen per picul, is to be doubled to Yen 1 all round, has had the effect of marking a very strong market with advanced figures of about Yen 1 per picul. Nothing fresh has transpired regarding the idea of a Government Monopoly in Sugar. Osaka Refined.-An Auction was held on the 7th instant, at which 7,000 bags were sold. The figures realiz- ed for Crystals and Whites showed an advance over the previous sale of 19 sen, whilst Browns were 20 sen lower. Rice Market is frın on account of rumours that the Government have duty of 15 per cent. on all -decide to impose a
arrivals after the 1st of March next, though the Diet has not yet sanctioned this. Market unchanged, but dull,
EXPORTS
Kerosene.
to
THE HONGKONG WEEKLY PRESS AND
Tea. Total settlements to date amount 116,800 piculs, against 128,000 piculs to the same time last season. Tea Shipments: Dec., 11th S.S. Shimoas, New York 29,700 lbs. Fish Oil- About 3,000 cases Herring Oil are reported a bought at quotation s. Copper. No stocks, and some of the principal brands contracted for until the end of next year. It is rumoured that an Osaka Combine which sold 2,500 tons of cash copper coins to China are short of 1,000 tons. Rice. In view of the proposed duty of 15 per cent, on Import Rice, the market for domestic grain is very firm at somewhat higher quotations. Contracts of Brown Rice for Europe are reported to amount to 4,500 tons. Cotton Yarns.-The decline in price of American and Indian Cotton has greatly affected the Yarn market, although quotations for the latter are comparatively high, 'This is due to the fact that stocks are small, and mills are fully engaged on forward contraeis. The export for the fortnight amounts to 25,232 piculs, as against 18 264 piculs same period in 1903, Vegetable Wax.-About 750 cases have been bought for export at receding prices, but the market appears to !e somewhat firm at close. Straw Braid. Market is brisk. demand from England and America continues good, pries are firm, and stocks are in good supply. Matting,— Market is firm, with upward tendency. Ready goods are scarce.
RICE.
I
Messrs. W. G. Hale & Co.'s Circular, dated Saigon 16th December, states.-The season draws to an end and grain being scarcer our market is quiet with no sales to report during the last fort- night. As for our New Crop latest reports from the interior lead us to believe that the effects of the inundations will not be as disastrous as first anticipated.
We quote for Feburary to March delivery :— No. 2 White sifted (trié) steam per picul
milled (mixed).
No. 2 White unsifted (ordinaire) Steam
milled (mixed)
5% Cargo steam milled (mixed). 10% Cargo steam milled 20% Cargo stcam milled
Do. Do.
#
SUGAR.
$3.55 .$3.20 .$3.05 $2.93
J1
HONGKONG, 7th Jan.-The position of the market is nearly the same as when last reported. Shekloong, No. 1, White......$8.65 to $8.70 pcls.
2, White.. .$7.65 to $7,70 8.30 1, Brown...... 6.25 to 2, Brown...... 6.95 to 6.10 71 No. 1, White...... 8.45 to 8.50
2, White...... 7.00 to 1, Brown...... 6.00 to 2. Brown
*
Do.
"
Swatow,
Do.
"
Do.
Do.
Foochow Sugar Candy Shekloong
+
OPIUM.
•
7.65
0.05
[January 9, 1905.
These are chiefly from New York, the Mills in the States not having covered their sales of Cloth so freely as the Lancashire Manufacturers. - The feeling certainly is that enough has been bought for the present, and the wisest course for all to disconrage further buying concerned is
The until the position becomes much less com- plicated than
present. it appears at interval has been cut into by the Christmas holidays, many of the dealers this year having taken advantage of the quietness prevailing to leave the Port for a visit to their homes. It is not anticipated that anything of importance will be done now before China New Year. With the idea of being able to ship to the Northern distri- buting centres via Chin-Wang-Tao, the Northern dealers have so far abstained from storing goods in the steamer Godowns. This, however, is likely to be soon reversed, for news has lately come down that the Japanese Authorities have been obliged to reimpose the restrictions on goods sent to New- chwang, owing to the discovery of bales contain- ing war like materials being smuggled in to the Russin lines. This comes as rather a disappoint- ment here, it having been anticipated a fair quantity would be cleared during the winter. Exchange is also doing a great deal to dislocate business, and by steadly rising will cause con- siderable difficulty in assimilating prices, there being already a margin of fully ten per cent between forward rates obtainable at present and those settled sometime ago The Manchester mar- ket is quiet but steady with very little doing for China, though we understand that here and there small transactions in Fancy makes have gone through at prices that were refused a few weeks Cotton in Liverpool is quoted 4,06d. for Mid-American and 71d. for Egyptian. The lower prices quoted from the state have not tempted buyers, who for the most part are still fretting at the non-arrival of former purchases, the Bills per chest. against which are rapidly falling due, while the goods are not yet in sight, We understand that when the 3.8. Algoa left San Francisco the 8.8. Aztec was expected to load for this, but the Agents have no advice to that effect. The decline in the raw staple has had a very depressing effect on the Yarn narket, and prices for the imported article are again lower, "It is rumoured that quite a large business has been done in Indian Spinnings at such low rates sellers will not give them out, and as these vere bought by local brokers who hope to turn them over at a profit, they naturally are very reticent.
4.80 to 4.85
.12.80 to 12 90 ..10.80 to 10.90
9th Januray. Allow'co net. to 1 catty.
.$1070 to $1090 per picul. .$1140
Quotations are:--- Malwa New Malwa Old Malwa Older Malwa V. Old..... Persian fine quality...$880 Persian extra fine.. Patna New Patna Old
Benares New
Benares Old....
do.
do.
to $1160 do.
$1200
to $1220 do.
$1250
to $1270
do.
to
.89 0
to
-
$1120
to
to
.$1080 to to
do.
do.
do.
HONGKONG, 29th December, 1904.-The move ments in our various Opium markets have been as follows :-
Malwa, Patna, Benares, Persian,
Stocks as per circular of
16th December, 1904. Dec. 17th ports per Malta Dee. 20th
G. Apear Lai Bang Dec. 28th
I
#
#
Less Exports to Shanghai Less Exports to East andy West Coast Ports including Local Consumption for the fortnight..
..
1,307 2,378 1,129 2,037 -
100 3694
186
155
720
216
1,070) 8,853 1,354 9,228
102 ¥34
76
1413 695 109 170
Estimated Stocks this day 1,427 2,524 1,110 2,053
Bengal. The demand has been on a small scale. We quote Patna @ $1145 and Benares at $1100.
Malwa.-The demand has been on a very small scale and quotations are as follows :—
New
3
years old
3
4/5
Oldest
$1,070/1080 $1,120/1130
$1,150
$1,200
$1,200/1290
Persian. Prices for good qualtity are steady $850/900
PIECE GOODS.
Messrs. Noel, Murray & Co.'s Piece Goods Trade Report, dated Shanghai 29th December, states:---- As the year opened so is it closing, "in anything but an auspicious manner and with every promise of a continuance of the vicissit des that will
make the past twelve months memorable." Those were the words we used in our Report of 7th Jan. and they have been fully borne out, but in a inan- ner little anticipated at the time they were writ- ten. It has been really a most remarkable year, and never before can such violent fluctuations in Cotton be remembered. Starting at 750d, the beginning of the year inside soven pence, and by the 4th February it was quoted 8.96d. From time
to
time on the price has fluctuated, üntil last Saturday 404d, the lowest quotation for the year, was received. This extraordinary drop appears to have taken every one by surprise; one of the leading firms in New York writing early in Nov. remarked "should the world again get to work on full time" (with it undoubtedly has), “we think it would take a mighty big crop to give us any permanently lower prices, We see no reason why ....$2.25 to $2.30 | the "crop should not work itself off gradually 3.85 to 3.95 without at any time forcing prices below say nine 4.00 to 4.05 cents on plantations." However, i it nous cry- 2.55 to 2.65ing over spilt milk, ad the majority of holders 2.65 to 2.75 amongst the Natives have made up their minds 4.10 to 4.15 to sit tight, keep prices up, and not be tempted by the lower offers from the pr ̧ducing centres.
HONGKONG, 7th Jan.-The downward tendency continues market, being dull. Saigon, Ordinary...
Round, good quality Long... Siam, Field mill cleaned, No. 2
#3
Garden,
No. 1
"
Fine Cargo
+
White,
5.30 to 5.35
ago.
PHONGKONG QUOTATIONS. - HONGKONG, 30th December, 1904
Beans
Borax..
Camphor (China)
11
(Formosa)
Cassia (First quality)
(Second
Oil....
Cloves..
Fennel Seed Oil
Calangle.
Glue..
Grapes
Ivory Kismiss.. Olibanum... Rosa Oil Saltpetre...
- Sandal wood.
011
Senna Leaves.. Sugar Candy. Vermilion.......
Wax
$3 @ 31
$15 @ 16
$110
$120
$21
.$14
$160 @ 165
$20 @ 42 .$330 @ 340
$25
$14
$200 @ 650
.$17 @@ 18
.$5 @ 20 .$60 @ 180
$2 @ 9
$10) @11
$271 @ 28 $300 @ 400
$13 @ 14
.$75 .$90 @ 33.
80-
MISCELLANEOUS EXPORTS.
Per steamer Diomed, for Amsterdam, London For
ware,
and Antwerp, sailed on 21st December, London:-4 cases bristles, 141 packages china- rolls 141 packages effects, etc, 1,937 matting, 31 cases cigars, 17 cases hats, 50 boxes essential oil, 375 cases ginger, 1 9 bales canes, tā cases fans, &c. For London or Glasgow:-250 cases preserves, 150 casks preserves. For London or Liverpool or Glasgow:-25 casks preserves. For London or "anchester:-100 bales waste silk For London or Continent:-50 casks ginger, 869. bales canes, 40 rolls matting, 144 bales feathers, For Copenhagen :-250 10 bales human hair. cases cassia, 50 rolls matting, 19 bales canes. For Amsterdam:-520 rolls matting. 50 casks preser V03. For Amsterdam or Rotterdam:-30 cases cassis, 35 cases ginger. For Antwerp or Ham- burg:-34 bales feathers. For Antwerp or Rot-
terdamı 18 bales canes.
No comments yet.
Private notes are available after approval.