174
COMMERCIAL.
SILK.
Messrs. A. R. Burkill & Song Silk Circular, dated Shanghai, March 1st, 1905, states:--The home markets are dull. Gold Kiling is quoted in London at 11-10) and in Lyons at Fcs. 83. Raw Silk.-Tsatlees. There is only a small business to report in Tsatlees, neither have Coarse Silks been
-
in much demand. Hand Filatures.—We only hear of one transaction. Yellow Silk. In small demand. Steam Filatures. Very little doing. Tussah Filatures.—A fair business has been done for America. Waste Silk-Very quiet.
SUGAR.
HONGKONG, 10th March.-There is no change in the prices as when last reported Shekloong, No. 1, White......$9.12 to $9.15 pcls.
2, White...... 7.80 to
Do. Do. Do.
»
1, Brown...... 6.70 to 2, Brown...... 6.50 to No. 1, White...... 8.45 to
7.90
"
6.80
13
6.60
"
Swatow,
8.50
"
Do.
21
2, White...... 7.60 to
7.70
Do.
1, Brown...... 6.55 to
6.60
"
2, Brown...... 6.45 to
6.50
Do.
Foochow Sugar Candy Shel-loong
RICE.
.13.20 to 13.25
.12.30 to 12,40
**
HONGKONG, 10th March.-The position of the market is nearly the same as when last reported. Saigon, Ordinary.
$2.05 to $2.10
»
Round, good quality Long...
Siam, Field mill cleaned, No. 2
Garden,
White,
*
" Fine Cargo
D
3.75 to 3.80 8.35 to 3.90 |
2.80 to 2.65
No. 1
2.85 to 2.90 8.95 to 4.00 4.30 to 4.35
OPIUM.
HONGKONG, 9th March, 1906.-The movements our various Opium markets since the 23rd ultimo, have been as follows:-
in
Stooks as per circular of
23rd instant, 1908. ..
Feb. 24th Imports per Malta Feb. 27th
Malwa. Patna.Benares. Persian,
2,917 1,043 2,087
100
1,591 275
285
#
FF
Mar 8th
**
*
Mar. 7th
#1
#
Nam Bang Tokroad Lightning
490 290
Tw
60 50 365 175
1,868 180
8,92% 30
176 025 188
148
Less Exports to Shanghai Less Exports to East and`
West Coast Ports including Local Consumption for the fortnight..
1,558 1,872
40
Estimated Stocks this day 1,531 3,267 1,830 2,224
Bengal-The market has been very dull indeed sa stocks are large. We quote Patna at $1,150 and Benares at $1,083 nominal.
Malwa.-A very small business indeed has been transacted and prices are about at follows :-
New
g years old
11
"
4/5 Oldest
$1,180
$1,160
$1,200
$1,250
$1,320
Persian.-Business is small prices are steady.
9th March.
Quotations are:-- Allow'ce net. to I catty.
Malwa New
Malwa Old
Malwa Older
Malwa V. Old...
per picul.
do.
$1180
to
$1180 to
$1250 to
.$1880 to
do. do.
Persian fine quality...$880 to
Persian extra fine. .$910 to
Patna New
Patna Old....
.............$
Benares New
Benares Old
.$1160 to
-
to
.$1090 to to
do.
do.
per chest.
do. do. do.
COAL. Messrs. Hughes and Hough, in their Coal Report of to-day's date, state that twelve steamers are expected at Hongkong with a total of 85,050 tons of Japan coal and 8,500 tons of Cardiff. Since 24th February 35,205 tons of Japan coal and
24,400 tons of Cardiff coal have arrived. market is quiet. Quotations; —
Cardiff...
.........$18.00 ex-ship.
The
Australian .........$11.00 ex-ship. Yubari Lump........... ..$12.00 ex-ship, nominal Miiki Lamp ..$10.00 ex-ship, nominal Moji Lump......$6.50 to 9.50 ex-ship, steady
COTTON. HONGKONG, 10th March:- Fair amount of business in good qualities. Stock about 8,500 bales.
Bombay.
$19.00 to 21.00 par pel. Bengal (New), Rangoon) 81.50 to 23.50
and Dacca Shanghai and Japanese, 25.00 to 26.50 Tangohow and Ningpo, 25.00 to 26.50 Reported sales 500 bales.
23
|
HONGKONG WEEKLY PRESS AND
YARN.
Mr. Edaljee in his Report, dated Hongkong 10th March, says: The market shows no signs of improvement, the few sales noted below being in execution of Shanghai orders. There is a wide difference between the ideas of buyers and sellers, but the latter are weak and would concede further to induce business. Buyers, on the other hand, having in view the heavy drop in the values of raw cotton, are playing a waiting game. Twenties are in more request, but prices offered cases too low to tempt holders. The Bombay market is reported steady. With incessant large arrivals and smaller off-takes our stocks show a
in many are,
steady increase, and as some of the Mills in India are endeavouring to swell their commission by working 14 hours instead of the usual 12, we are shortly threatened with an influx of goods far in excess of all possible requirements.
Local Manufacture:-Local mill quotations are
weak with no demand.
Japanese Yarn:-Dull and quiet in sympathy
with the Indian article.
Raw Cotton-The market has been feature. less throughout, despite some advances on the other side, and with the quieter feeling sellers are easier in their rates and more disposed to meet any demand. There is nothing doing in China kinds. In Indian descriptions some 350 bales Superfine Bengal are reported sold at $22 to $23. Stocks are increasing and recent arrivals are going into godowns. Unsold stocks are esti- mated at 6,500 bales Indian, and 1,000 bales China. Quotations: Bengal $19 to $23 and China $22 to $24.
Exchange on India has steadily declined and closes to day at Rs. 140} for T/T and Rs. 1403 for Post. On Shanghai 71) and on Yokohama 92).
The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 24th ultimo, viz:-
Indian-Business from first hands is slightly checked owing to brokers unloading their previous purchases under market rates. Sales aggregato
6,000 bales and stocks estimated at 36,000 bales. Тарасезе: - Market much excited, available stocks small, aud prices show an advance of two to four taels, best No. 168. fetching more than No. 208. Total sales about 3,000 bales on the basis of Tls. 92 to Tls. 108 for No. 168. and Tls. 98 to 107 for No. 20s,
Local:-Some movement is observable in these threads, sales reported being 3,000 bales at firmer prices on the basis of Tls. 91 for No. 148. and Tls. 93 for No. 168.
PIECE GOODS.
Messrs. Noel, Murray & Co., in their Report on the Shanghai Piece Goods Trade, dated Shanghai, 2nd March, 1905, states:-The first of the direct steamers to Tientsin of the season cleared from here on the 28th ultimo, and naturally took a great deal less cargo than was usually the case in former years, as supplies have been going up via Chinwangtao all the winter. The approximate quantity was 2,000 bales (Indian and Japanese Tarn, 5,000 bales American goods of all des- criptions and weights, 1,200 packages Manchester
grey and bleached goods, and 600 cases fancy goods. The departures, however, are likely to be continuous, so that the market will be fed gradually and regularly instead of having an enormous quantity dumped down at one time, as used to be the case. Judging from the weather prevailing here it looks doubtful if the River will be quite free from ice when the steamers arrive. The market there is said to be quite satisfactory, and the dealers here have been able to resell at slightly higher prices. Newchwang is not waiting for the River there to open, but is still receiving merchandise by the railway, Ship- ments are coming forward from the States none too quickly, keeping stocks within a moderate compass.
This is just as well, for the River markets are still in a very depressed state and show on signs of reviving, especially Hankow. A decided lull is noticable in the forward business towards the close, owing to the outrageously long delivery Manufacturers are requiring. It appears to be perfectly genuine, however, for no inducement of higher prices will tempt them to earlier shipment,and regrets that an extension pro mise of time for contracts will be required are not at all infrequent. The chance of the trade being interfered with by strikes amongst the operatives is becoming more remote, as it is felt that em- | ployers are in a position to meet all reasonable demands. As an example of the rapidity with which makers have filled up, goods that were available for August delivery when the last Mail left cannot be ordered now before January shipment. The Manchester market is strong, and probably never before so fall of orders for such à long distance ahead. Other markets than China
[March 11, 1905.
are drawing on her resources, which had been depleted by the long spell of scarcity and con- sequently dear Cotton. No material change has taken place in Liverpool quotations, the latest being 4.14d for Mid-American and 7d for Egyptian, which goes to show the failure of the object of Cotton Men's Convention in New Orleans at the
end of January. They have been quite foiled in their attempt to raise the price, the last quota- tione from New York being 7.25 cents for April and 7.28 cents for May. It is just possible some reduction in the average may eventuate, but at present it looks as though a big muddle was going to be made of the whole industry through the futile endeavours of many of the interested how to walk! The feeling in this market is, at parties trying to run before they have learnt
present, to abstain from tempting the American mill owners with any more orders for distant delivery at exorbitant rates. The total figures
of last month's exports from England are not yet to hand, but the second fortnightly telegram was 88,000,000 yards to the 24th ultimo, making 61,000,000 yards from the 27th January to that date. The Yarn market is steady, but there is not much doing yet. Arrivals from India are decidedly heavy, the shipments from Bombay for the last four weeks being 32,000 bules, a good deal of which are under contracts made last year.
HONGKONG QUOTATIONS.
HONGKONG, 10th March, 1905.
Beans
Borax
Camphor (China)
(Formosa).. Cassia (First quality)
21
(Second Oil
35
"
Cloves
Fennel Seed Oil Galangle
Glue Grapes Ivory Kismiss Olibanum Rosa Oil Saltpetre Sandal wood
"
Senna Leaves Sugar Candy Vermilion Wax
ON LONDON.---
ON
Oil
EXCHANGE,
..83/4
.8141/17
$120
.$126 ..$18/21 .$14/16 $150
.$261/28 .$310
.$22/24
.$121/13
.$300/700
..$141/16
.$5/20
.$60/175
.$10/11
$27/28
.$800/400
.$2/9
$134
.$70/75
.$30/33
FRIDAY, 10th March.
Telegraphic Transfer
Bank Bills, on demand
Bank Bills, at 30 days' sight
Credits, at 4 months' sight
.....1/10#
1/1041
Bank Bills, at 4 months' sight.
.1/10
.1/107
.1/11
...238
+
2411 198
PARIS.-Bank Bills, on demand Documentary Bills, 4 months' sight 1/11
Credits 4 months' sight
ON GERMANY.—On demand
ON NEW YORK-Bank Bills, on demand-46
Credits, 60 days' sight
.461
ON BOMBAY.-Telegraphio Transfer ...14't
Bank, on demand
.1492
ON CALCUTTA-Telegraphic Transfer140)
Bank, on demand
ON SHANGHAI,-Bank, at sight.
ON YOKOHAMA.-On demand Private, 30 days' sight
ON MANILA.-On demand ON SINGAPORE,—Ön demand.. ON BATAVIA.—În demand.
ON HAIPHONG.—On demand ON SAIGON-On demand ON BANGKOK-On demand SEVEREIGNS, Bank's Baying Rate... Gold Lwar, 100 fine, per tael BAR SILVER. per oz. ..........................................
140
711
.72%
....92$ 54p.c. pm. ...113
p.c.pm. ..p.c.pm.
.81 $IU 50 .855 50
MISCELLANEOUS EXPORTS.
27.
Per P. & O. steamer Formosa, sailed on 1st March. For London —I case pianos, 2,025 bales hemp, 6 packagės sundries. 4 cases cigars, é cases camphor, 2 packages blackwoodware, 18 rolle mattinr, 4 cases wet ginger, For Maresilles :- cases hate, 50 bales leaf tobacco, 2 bales hemp, 50 bales waste silk, 120 bales canes, 100 cases ensaia. For Liverpool:-10 cases essential oil.
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