February 11, 1905.]
ordinary yearly meeting on the 13th instant. Hongkong and Shanghai Banking Corporation ordinary half-yearly meeting on the 18th instant. China Fire Insurance Co., Ld., ordinary yearly meeting on the 9th March. Transfer books close on the 24th instant to the 9th proximo in- clusive. Hongkong Fire Insurance Co., Ld., ordinary yearly meeting on the 6th March. Transfer books close on the 20th instant to the 6th March inclusive.
Closing quotations are as follows; -
COMPANY.
Banks-
QUOTATIONS.
( $720, buyers (L'don, £75.
PAID UP.
$125
£8 $38
£8 $38
Foun. Shares.....
Hongkong & S'hai.....,
Natl. Bank of China)
A. Shares
B. Shares
Insurance-
Union
China Traders
North China...
Yangtsze.. Canton.. Hongkong Fire China Fire Steamship 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-
Charbonnages Raubs
Docks, Etc.-
H. & W. Dock
H. & K. Wharf & G
New Amoy Dock S. C. F. Boyd & Co.. S'hai and Hongkew) Wharf Co., Ld.} Land and Building—
Hongkong Land Inv.
Kowloon Land & B. West Point Building Hongkong Hotel
A Humphreys Estate.
21 $10
$100 $700, sellors.
$25 $581
£5 Tls. 95, sellers $60 $160
$50 $260
$50 $340
$20 $93, sales
$15 $26, sales&buyers £10 $125 $30 823
$50 3331. buyers $10 $38, sellers $6 $29, sellers £1 22/-
£10 £3. 10.
$100 $227 $100 $221, buyers
Fcs.250 $490
18/10d. 53, buyers
$50 $210, buyers $50
$61 Tis, 100
Tls. 100
{ $104,oldsellers $101, new sels. $27, Fellers
ls. 150, buyers Tls. 135, buyers Tls. 1324, buyers
& sellers $100 $134,ex div.,sales
$30 $37, buyers $50 $57 $50 $141, sellers $10
$24
$12.00, ex div., [sellers
S'hai Land Ins. Co Ld..Tls. 50 Tls. 116, buyers
Cotton Mills-
Ewo
International..
Laou Kung Mow Soychee Hongkong Companies- Alhambra Limited.... Bell's Asbestos E. A... Campbell, Moors & Co. China-Borneo Co., Ld. China Prov. L. & M.... Dairy Farm...
Geo, Fenwick & Co., Green Island Cement. Hongkong Electric Hongkong & C. Gas... H. H. L. Tramways....... Hongkong Ice. Hongkong Rope.... Hk. Steam Water- Boat Co., Ld....... Phippine Tobacco Trust Co., Ld.... Shanghai and Hong- kong Dyeing and Cleaning Co., Ld.) S. C. Morning Post China Light & Power (
Co., Ld.
Steam Laundry Co., United Asbestos
Do..... Watkins, Ld
Watson & Co., A. S. {
William Powell, Ld..
Tls. 50 Tls. 23
Tls. 75 Tls. 24
Tls. 100 Tls. 30 Tls. 500 Tla. 150, sellers
$10 $13, sales
$200 $100, buyers 12/6 $5
Sio $40, sellers $12 $15, sellers $10 $8, sellers
$6 $12, buyers $25 $43. sellers
$10 $28,sales& buyers
$10 $154, sales&sel e:s
$5 39, sales 210 $160, buyers $100 $285
$25 (3255, sa'es $50 155, sellers $10 $20, sellers
$109, sellers
$50 $50
$25 $22
$10 $94, sellers $5 $7, buyers $3 $4, buyers $4 $91 $10 $180 $10 $9, sellera $10 $12, sales $10 $12, buyers $10 $121, sellers
VERNON & SMYTH, Brokers,
CHINA OVERLAND TRADE REPORT.
Messrs. J. P. Bisset and Co.'s Share Report for the week ending February 2nd, 1905, states: The settlement for January passed off satisfac- torily on the 30th ult. Since that we have only to report a very limited business, rates all round remaining steady. The Chinese New Year holi- days begin from to-morrow and we ook for almost a complete cessation during the next ten days. The T.T. rate on London is 2/81. Banks.-Hong- kong and Shanghai Bank. A local tansaction is reported at $715 ex 70). Marine and Fire Insurance.-The only business reported is in Yangtszes $160, at which rate there are buyers. Shipping.-Indo-Chinas have been placed at Tls. 881 for cash and 911 and 92 for March. We look for higher rates for these shortly, as we hear the company have had a very good year. Docks and Wharves.-S. C. Farnham, Boyd & Co., Ld., have been placed at Tls. 152 and 1521 and 151 for cash. On the 31st a transaction was reported at Tls. 155, but this was a case of covering for the January settlement, and is in excess of the market rate. Transactions have been reported at Tls. 156, 158 for March, and 181 for April; later at Tls. 158 for March and 160 for April. The market closes quieter with sellers for forward months on the basis of the cash quotation, which we make to day Tls. 153. It is rumoured that a final meeting regarding the flotation of the company was to have been held at home on 31st ult. Up to the moment of writing we have no news of the meeting, but there is barely time for news to retch this. Shanghai and Hongkew Wharf Co. The market for these is stronger. Business has heen done for old shares c.n.i. at Tls. 155 and 160 for March. A transaction for new shares only is reported at Tls. 133. This is equivalent to old cum vew at Tis. 155. Sugars.-A transaction in Peraks is reported at Tls. 54. Mining--Weihai- | wei Golds have been dealt in at $3. Reconstruct ion of this company, we believe is certain. Lands. Shanghai Land Investment Co. The Company have issued their yearly report to December 31st. 1904. They propose to pay a final dividend of 6 per cent, making 12 per cent. for the year; paying a bonus of Tls. 2 per share; transfer to Reserve Fund (being interest on undeveloped Estates) Tls. 28,813,05; transfer to Reserve Fund for equalisation of dividends Tis. 2.855.24. This fund will then stand at Tls. 170,000. and carrying forward to a new account, Tls: 40,066.06. This we regard as a very satisfac- tory statement. Industrial-The only business in Cottons is a sale of Ewos at Tls. 23, Shanghai | Ices have been placed at Tls. 20. Paper and Pulps at Tls. 155 and Shanghai Gas at Tls. 105. Maatschappij, etc.. in Langkats. The market for these has improved; the opening prica for these
shares was T'is. 270 for cash with sales for March at Tls. 285. The cash rate has advanced to Ti8,
277 with sales yesterday for March at Tla. 285 and April Ts. 290. The directors have i sued a statement of accounts to 31st October, 1904. The company h ve paid dividends on capital for the year of 48 per cent. They have placed at reserve Tls. 193,540.55, and have written off Various, Tis. 150,000. The Reserve Fund now stands at
Tl6. 528,210.38 Only the trifling balance of Tls. 19,289,62 further is necessary to this account to comply with the statutes of the Company. Sumatras have been placed at Tls. 67.
Stores & Hotels.-Hall and Holtz have been placed at $21) and 21. Hotel des Coloni. s have been placed for April at Tls. 20 and 21¦ for June. Astor House have changed hands at $27. Central Hotel new shares) at $61. Montries at 85. Miscellaneous-Telephones have been placed at 68 and Horse Bazaars at Tis. 88. Loans & Deben- tures.-8 per cent. Astor House have changed hands a 4 per cent. premium. Waterworks 6 per cent. Debentures at Tls. 94 and 92); and Gas 6 per cent, at Tls. 92}.
ON LONDON.-
EXCHANGE.
FRIDAY, 10th February.
1/11
Telegraphic Transfer Bank Biils, on demand Bank Bills, at 30 days' sight
1/11/ 1/11
Bank Bills, at 4 months' sight
..1/11
Credits, at 4 months' sight
1/11/
Documentary Bills, 4 months' sight 2/0
ON PARIS.-~~
Bank Bills, on demand...
.217
Credits 4 months' sight
250
.201
Bank Bills, on demand Credits, 60 days' sight
.173
.484
ON GERMANY.—
On demand
ON NEW YORK.-
ON BOMBAY,→
ON
Telegraphic Transfer .......
Bank, on demand
CALCUTTA,-Telegraphic Transfer146 Bank, on demand
ON SHANGHAI.—Bank, at sight.
Private, 30 days' sight UN 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-
Ou demand
103
...146
.1461
1461
714
.72}
.....
96+
....951
..1p.o. pm.
...1173
...p.c.pm.
... ..par
...60
SOVEREIGNS, Bank's Buying Rate..... $1v.20 GOLD LEAF, 100 fine, per tael
...... 854 30 GAR SILVER, per cz.
TONNAGE.
28-334
HONGKONG, 10th February.--Freights during the past fortnight have ruled weak with little demand for tonnage: From Saigon to this, 12 cents last; to Fhilippines, 29 cents; to Japan, 40 cents. From north coast Java to this, 30 cents per picul. Wuhu to Canton, 25 cents per picul. Bangkok to this, no demand. Coal freights are weak. From Moji to this, $1.70; to Singapore, $2; to Manila, $3; to Saigon, $3. Time charters, There has been a good demand, resulting in several fixtures.
The following are the settlements:- Hinsang-British steamer, 1,537 tons, Moji to Saigon, $3 per ton.
Orange-Norwegian steamer. 1,001 tons, hence. to Nagasaki and Kobe, $3,750 in full.
Proteus--Norwegian steamer, 1,024 tons, Saigon to one port Japan, 43 cents per picul (February), Chihli-British steamer, 1,143 tons, Saigon to one port Philippines, 29 cents per picul.
Nanshan-British steamer, 1,290 tons, Saigon to Hongkong, 12 cents per piucl.
Telemachus-British steamer, 1,310 tons, Saigon to Hongkong, 12 cents per picul.
Pollus-Norwegian steamer, 779 tons, monthly, 3 months, at $7,000 per month.
Melita-French steamer, 200 tons, monthly, 6 months, at $3,500 per month.
Taifu-German steamer, 1,068 tons, monthly, 6 months, at $8,000 per month.
Decima - German steamer, 794 tons, monthly, 9 months, at $6,750 per month.
Sullberg-German steamer, 782 tons, monthly, 12 months, at $5,500 per month.
Frogress-German steamer, 687 tons, monthly, 12 months, at $5,000 per month.
FREIGHTS.
Messrs. Wheelock & Co.'s Freight Market Report dated Shanghai, 2nd February, 1905 states:-Our Homeward Freight market remains in much the same state as when last writing as regards the quantity of cargo going forward is concerned, and now that we are close upon China New Year all export will be practically suspended for the next burg-America line are niaking a new departure in couple of weeks; as regards tonnage the Ham- putting on three fast cargo steamers with excellent passenger accommodation, specially adapted for the tropics, which shoud soon prove themselves favourites under the go-ahead management of that company. Coa-twise:-As usually happens about China New Year there is very little coast business offering, and rates have declined all round, although it would be difficult to say how long this is going to last or how far rates will drop, opinions are go diverse from the different standpoints of owners and charterers. In spite of the drop in rates ton- nage is rather scarce, and we are inclined to predict a rise after the holidays which should continue as the opening up of the Northern Ports draws near,
From Hankow per Conference Steamers.--To London and Northern Continental ports (vis Shanghai)—16/- plus Biver Freight. To Genoa, Marseilles or Havre (via Shanghai) ---Tea and General Cargo 41/6 plus River Freight. To New York (Overland)-Tea G. $14 cents per lb. gross, plus River Freight. To New York (via Suez):— Tea and General Cargo 35/- per ton. To Shang- hai --Tea and General Cargo Taels 1.80 per ton weight or measurement
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