COMMERCIAL.
SILK.
CANTON, 11th March, 1905.-Long-reels.-The fall in prices has attracted attention from Euro pean buyers, and a good number of ready lots have been cleared out of the market at irregular prices. Coarse sizes (16/18-18/22-20/30) have been in better request: Natives have also had a fair shate of enquiry, 11/18 being very scarce and com- paratively dear. From sales made we quote: Fils. Wing Cheong Sing 11/18 at $490, Kum Lan Tai 18/16 at $015; Yee Wo Loong 9/11 at $900; On Wo Hing 6/11 at $892); Kwai King Lun 10/12 at $830; Kwong Shun Cheong 11/18 at 1890, Chee Chung We 11/18 at 1870; Cniu Ho 18/15 at $885; Yee Wo Cheong 18/22 at $750; Quan Wo Hing 11/18-18/15-14/18 at $745; Yee Wo Lun 18/15-14/18 at $725. Short-reels.-A marked improvement has been shown in the demand from America, resulting in a very fair business. $845 have been paid for Kwong Wo Hing 14/16 and $820 for Chun Sun Hang 14/16, Waste Silk-The market is very dull, but there is no pressure to sell. The values continue to be very strong in the country, owing to some merchants being obliged to cover their short sales made before the China New year. Stock.--Raw 8llk. 2,000 Bales. Exchange.-Has
fluctuated between: St. 1/11y's; Fra. 2.45; G $48 Bar Silver 274. and St. 1/11,4; Frs. 2.41; G. 471. Bar Silver 27.
SUGAR.
|
HONGKONG WEEKLY PRESS AND
TAEN.
Mr. Eduljes in his Report, dated Hongkong | 6th April, says: The demand alluded to in our last report has been experienced throughout the past fortnight, but has been characterized by extreme caution on the part of dealers, as the expected enquiry from the country had not reach- ed the proportion anticipated. The sales report- ed, however, amount to over 5,000 bales, being confined almost entirely to favourite chops of No. 108, and 20s, which form the bulk of the settlements, and show an advance of 50 cents to $2 per bale in values. Buyers have been forced to pay higher prices for spot goods, as deliveries under their late contracts have not been up to time and stocks have run short. Low class threads are still unsaleable. The Bombay mar- ket is reported steady, nearly all mills are well sold forward and in a strong position. We close quiet but firm.
Local Manufacture :-No sales reported. Japanese Yarn:-Stocks are running low and prices have appreciated $2 per bale, at which advance sales of some 300 bales No 20s at $132 are reported. Close strong.
Raw Cotton :- The market for Indian Cotton appears somewhat to be steady at the decline and sales of superfine Bengals to the extent of 800 bales at from $21 to $23 have transpired. China cotton continues quiet. Unsold stock 5,000 bales Indian and 400 bales Chinese. Shipments to Japan about 500 bales Bengal. Quotations are $19 to $281 for Bengal and $28 to $26 for China.
Exchange on Indian has steadily declined and closes to-day at Rs. 186 for T/T and R. 136 for Poet. On Shanghai 72, and on Yokohama 981. pels.spinnings is reported from Shanghai during the The undernoted business in imported and local
fortnight ended 31st ultimo, viz :—
HONGKONG, 7th April.-The position of the market is the same as when last reported. Shekloong, No. 1, White... $9.15 to $9.20
2, White..
Do.
"
Do.
#
Do.
Swatow,
Do.
"
8.00 to 8.05 1, Brown...... 6.85 to 6.90 2, Brown.... 6.85 to
6.70 71
No. 1, White...... 8.66 to
2, White...... 7.75 to
2
8.70
#
重
7.80
JJ
Do.
*
Do.
"
2. Brown
1, Brown... 6.65 to
6.60 ..... 6.55 to
18.15 to 18.20 .12.50 to 12.55
6.70
M
"
RICE.
Foochow Sugar Candy
Shekloong
"
HONGKONG, 7th April--The continues, holders being firm.
Saigon, Ordinary..
53
19
Round, good quality Long...
upward tendency
.$2.10 to $2.16 3.85 to 8.90 8.90 to 8.95
Siam, Field mill cleaned, No. 2 2.75 to 2.80
No. 1
2.95 to 8.00 4.05 to 4.10 ..................................................... 4.25 to 4.35
19
Garden,
*
White,
193
Fine Cargo
OPIUM. HONGKONG 6th April, 1905. – Since the 28rd ultimo, the movements in our various Opium
markets have been as follows --
Stocks as per circular of
23rd March, 1905,
Malwa, Patna Benares.Persian.
1,584 2,999 1,283 2,212 206 150 90 021
500 120 675 250
Mar. 24th Imports per Simio .. Mar. 27th
April Brd
"
#
+1
Q. Apear Lại Bang
Less Exports to Shanghai Less Exports_to_East and“
West Coast Ports including Local Consumption for the fortnight..
Estimated Stocks this day
1,798 4,224 1,743 2,804)
824 376
168
640 308 841
1,624 ,2262 1,069 2,240
Bengal-As bargains in Chinese hands have been decreasing owing to satisfactory consumption there has been a fair business doing, but our prices have ruled far below replacing cost. We quote Patna at $1,125 and Benares at $1,085.
Malwa. The market is quiet at the following quotations
New
years old
8
»
23
#
28
4/5 Oldest Persian.-Market is steady.
COAL.
$1,100
$1,150
$1,180
$1,250 $1,840
The
Messrs. Hughes and Hough, in their Coal Report of to-day's date, state that 16 steamers ars expected at Hongkong with a total of 56,800 tons of Japan opal and 11,900 tons of Cardiff. Since 24 March 57,100 tons of Japan coal and 18;100 tons of Cardiff coal have arrived. market has somewhat improved. Quptations:-
́ ́Cardiff...
..$18.00 ex-ship. Australian .................................í
$11.00 ex-ship $12.00 ex-ship, nominal $10.00 ex-ship, nominal `Moji Lump...........$7.50 to 10 50 ex-ship, steady.
Ynbari Lump.....
Miki Lump
Indian :--Total sales 7,200 bales, No. 10s being slightly weaker, while the prices of No. 20s are fairy steady. Unsold stock about 50,000 bales.
Japanese-Market very firm; No. 16s showing a further advance of one tael and business to the extent of 8,000 bales is reported on the basis of Tls. 102 to 109 for No. 168, and Tls. 100 to 108 for No. 20s.
Local-A single sale of 100 bales Soechee Mills No. 148 at Tls. 884 is the only business of the week. Close very steady.
PIECE GOODS.
Messrs. Noel, Murray & Co., in their Report on the Shanghai Piece Goods Trade, dated Shanghai 30th March, 1905, states:-The constant rumours that Peace proposals are pending leads to the supposition that one party to the War is tired of it; but they would gain more credence if unaccom- panied by the suggestion that Russia is ready and willing to accept certain conditions Her occup ation of Manchuria has been proved to be as untenable as it was unjustifiable, and it will be surprising if Japan does not insist on imposing her own terms, however onerous they may be. It is more than probable, therefore, the struggle may continue a few months longer, but the result
will be the same in the end. As stated in our last
the steamers for Newchwang commenced clearing on the 27th instant, and during that and the two following days seven of the regular liners, and two others, were despatched, while more are load- ing. The Port was actually opened on the 28th instant, but no market news has come down as yet. Tientsin continues to take a fair quantity, and no doubt would take more if the carro were avail- able, but late arrivals are still causing a consider- able amount of discontent. One large import house was actually the recipient of a round robin, signed by all the leading dealers, protesting and setting forth the loses they are subjected to owing to the lower Exchange, and also through missing their markets. Something must be done to remedy this, and it is hoped that the ventil- ation the question received a few days ago at the Annual General Meeting of the Members of the Chamber of Commerce will bring forth some good result. The complaints are becoming very serious both as regards the United States and Manchester. With the latter, however, the goods pass through so many hands it will be somewhat difficult to fix the responsibility. At present there is great dis- satisfaction, both with Foreign Importers and the Natives. Some very opportune and pertinent re- marks were also made at that Meeting at the apathetic manner in which the Chinese Govern- ment is treating the question of currency reform. which was stipulated for in all the New Treaties, and the dangers that are likely to accrue through the indiscriminate way in which the various Pro- vincial Authorities are minting subsidiary Copper Coin. The actual business transacted during the interval has not been of much interest, for the reason that available supplies in importers hands are practically exhausted, but clearances leave
|
April 8, 1905.
nothing to complain of, in fact money is pouring in, both for goods on the spot and to arrive. For- ward transactions continue on much the same lines as before, that is as regards British makes, with delivery any time during the first six months of 1906. The most important items of the week, however, have been in Turkey Reds. There is still a demand for soft finish White Shirtings for Corea, and also for certain qualities of 8.4 ins. Shirtings. The Auctions have not showed up parti- cularly well. The Manchester market is decidedly stronger, though here and there, under evidently special circumstance, a parcel can be obtained at a really reasonably moderate price. The cot- ton market in Liverpool has suffered a decline to 4.24d for Mid-American and 6d for Egyptian. The Export from Lancashire for the fortnight ending 24th inst. was 22,000,000 yards. The New York market is still very strong, and we hear of some high prices being paid for late delivery.. Cotton is lower there, 7.59 cents being the last quotation for April and 7.49 cents for May. There is more doing in this market for Yarns at fairly steady to firm prices. Native Cotton is easier.
|
MISCELLANEOUS EXPORTS.
Per steamer Achilles, sailed on 29th March.
London or Continent:-184 packages galangal, 67 For Rotterdam 14 packages curios, &c. For packages feathers. For Antwerp:-35 packages tobacco, 150 packages gallnuts, 103 packages fes- thers. For London or Hamburg-10 packages bristles 165 packages canes. packages bamboo ware & curios. For London-50 For Glasgow-19 packages waste silk, 15 packages essentia! oil, 881
boo ware, 150 packages feathers, 27 packages packages cares, 800 packages ginger, 393 pack- ages soy, 20 packages bristles, 80 packages bam-
private effects, 5 packages sundries. chinaware, 15 packages cigars, 30 packages
Per steamer Prins Regent Luitpold, sailed on 29th March. For Aden:-240 rolls chinaware. For Genoa-200 bales waste silk, 100 bales raw silk, 25 cases essential oil, 20 bales canes.
For
Buenos Ayres:-200 cases fans. For Antwerp- 50 cases bristles, 33 cases chinaware, 4 cases black- woodware, 8 cases ginger. For Antwerp and Hamburg-25 cases bristles, 20 balea feathers. For Amsterdain:-39 cases chinaware, 9 rolls matting, 2 cases curios, 2 cases ginger, 2 cases blackwoodware. For Rotterdam:-142 bales canes, 22 cases tea. For Bremen :—161 rolls matting. For Bremen and Hamburg ---100 cases ginger, 82 bales feathers, For Hamburg-800 bales feathers, 67 bales canes, 50 cases human hair, 11 cases blackwoodware, 10 cases essential oil, 5 cases paper, 4 cases sundries. For London :--- 30 cases bristles, 5 rolls matting. For Copen- hagen --175 bales feathers, 11 packages Kattan- ware, 2 cases camphorwood boxes.
April. For Marseilles: 421 bales raw silk, 150 bales waste silk, 184 bales pierced cocoons, 18 cases silk piece goods, 40 packages human hair, 420 bags mineral ore, 20 cases ylang ylang oil, 40 cases joss sticks, 12 cases curios, 17 packages private effects, 9 cases porcelain, 20 cases essential oil, 2 cases hats, 1 bale cotton. For Lyons:-543 bales raw silk. For St. Chamond:-32 baled raw silk.
Per M.M. steamer Tourans, sailed on the 4th
ON LONDON.-
EXCHANGE.
FRIDAY, 7th March.
Telegraphic Transfer Bank Bills, on demand Bank Bills, at 30 days' sight Bank Bills, at 4 months' sight ...1/10 Credits, at 4 months' sight
***
1/91/
1/97
.1/91/
.1/101
...920
2321
Documentary Bills, 4 months' sight 1/104 ON PABIS.-Bank Bills, on demand
Credits 4 months' sight ON GERMANY.-On demand
186 ON NEW YORK.-Bank Bills, on demand441
Credits, 60 days' sight
451 ON BOMBAY.-Telegraphio Transfer ..126
Bank, on demand
1361 CALCUTIA.-Telegraphic Transfer136 Bank, on demand
1361 HANGHAL-Bank, at sight Private, 30 days' sight UN YOKOHAMA.—On demand ON SINGAPORE.—On demand ON MANILA.-On demand
ON BATAVIA—On demand
ON
ON
ON HAIPHONG.-On demand ON SAIGON-On demand ON Bangkok.-
-On demand SEVEREIGNS, Bank's Baying Rate GOLD I.Rar, 100 fine, per tael Bar Silver, per ox,
72
.727
891 ...89
7 p.o.pm.
1091 1p.o.pm.
..1 p.o.pm.
62
$lu 90-
$56:10 ........ 254.
No comments yet.
Private notes are available after approval.