322
COMMERCIAL.
SILK.
Messrs. A. R. Burkill & Son's Silk Circular, dated Shanghai, 6th May, 1905, states :-The home markets are quiet; Gold Kiling is quoted in London at 11.44, and in Lyons a Fca. 31.25 Raw Silk. There has been more doing ihis week, but the demand however has not been general. 250 bales have changed hands. Yellow Silks.-- Very little doing. A few bales of Mienchow have changed hands at $340/335. Hand Filatures.- Settlements this week with American have been
HONGKONG WEEKLY PRESS AND
YARN.
Mr. Eduljee in his Report, dated Hongkong, 18th May, says:-As mentioned in last report a greatly improved enquiry has set in and a large business is in course of transaction. Dealers, after holding off for a considerable time, appear to have accepted the situation and, strengthened by favourable reports from the consuming dis- tricts, have improved on their previous offers, and Holders at the are anxious to lay in stocks. About
same time having in view a high and steady exchange, and the condition of our large neigh- bouring market, are willing sellers and meeting buyers freely. The demand has been general and all counts have been dealt in, No. 20s and forming the bulk of the settlement, and showing a further advance of $1 to $2 per bale. The enquiry No. for 10s has temporarily subsided and values have depreciated $1 per bale, while prices of No. 108 continue with little alteration as those last given. The market closes steady.
made to the extent of some 600 bales of Crack Chops on the basis of Tls. 700 for M. H. Y. Blue Dragon, Extra, leaving the market almost bare of this class of Silk. A fair business has also been done in commoner grades. Steam Fila- tures.-A few transactions are reported. Waste Silk. Nothing doing.
SUGAR.
HONGKONG 19th May.-Market being a little weaker the prices are slightly going downward. Shekloong, No. 1, White.... $8.90 to $9.00 pels.
2. White...... 7.50 to 7.60 1. Brown...... 6.40 to
Do.
2, White.
12
13
Do.
6.50
11
Do.
**
2, Brown....
6.00 to
6.03
11
Swatow,
No. 1, White
8.70 to
Do.
7.40 to
8.80 7.50
11
Do.
1, Brown..
6.00 to
6.05
Do.
2, Brown
5.60 to 5.70
"
+2
.11.70 to 11.80
11
RICE.
Foochow Sugar Candy........12.50 to 13 00 Shekloong
14
י
HONGKONG, 19th May. The prices are advan- cing, large demands having come forward. Saigon, Ordinary
Round, good quality Long...
Siam, Field mill cleaned, No. 2
No..
Garden,
**
"}
White,
**
Fine Cargo
OPIUM.
.82.76 to $2.50 4.10 to 4.15 4.25 to 4.80 3.25 to 3.30
3.35 to 3.40 4.30 to 4.85
4.40 to 4.50
HONGKONG, 18th May. Quotations are:- Allow'ce net to 1 catty.
per picul.
Malwa New
$1130 to
Malwa Old
$1180 to
do.
Malwa Older
.$1240 to
do.
Malwa V. Old...
$1320
to
do.
Persian fine quality ...$1000
to
do.
Persian extra fine
$1020 to
Patna New
81115 to
do. per chest.
Patna Old
..$
+
to
do.
$1085 3
to
to
do. do.
Benares New Benares Old..
HONGKONG 18th May, 1905.- The movements in our various Opium markets, since the 5th May, have been as follows:-
Stocks as per circular of 4th May, 1905... May 4th Imports per
9th
Malva. Patna,Benares. Persian,
1,575 2,917 848 2,602
272
"
15th
11
**
35
Malta Kum Bang G. Apear
344 100
85
1,847 3,361 972 150
128 602
185
Less Exports to Shanghai Less Exports_to East and“
West Coast Ports including Local Consumption for the fortnight..
Estimated Stocks this day..
1,447
30
933 1,682
137 41
2,000 661 1,591
Bengal. The market has declined to $1,115 for Patna and $1,085 for Banares, but there is a bet- ter feeling at the close.
Malwa. The demand still remains on a small scale, and quotations are about as follows:-
New
2
years old
3
J
81,100
$1,150
$1,180
$1,280
4/5 Oldest
$1,330 Persian-Prices are steady, but no business is
doing.
COAL.
Messrs. Hughes and Hough, in their Coal Report of May 19th state that 16 steamers are expected at Hongkong with a total of 68,100 tons Since of Japan coal and 8,900 tons of Cardiff. 8th May 40,000 tons of Japan coal have arrived. The market continues firm. Quotations:-
Cardiff...
Australian
$17.00 $19.00 ex-ship. .$11.00 $12.00 ex-ship. .$12.00 ex-ship, apminal $11.00 ex-ship, nominal Moji Lump......$8.50 to $11.00 ax-ship, steady.
Yubari Lump.. Miki Lump
Local Manufacture:-Local spinners are firm at last quotations, viz:-$106 for No. 10s and $108 for No. 12s, at which sales of about 200 bales of each count have transpired.
Japanese Yarn:- Shortness of supplies is affecting business. The only ale reported is of 376 bales Kanegafuchi (Blue Fish) No. 16s at $1911-close strong.
[May 20; 1968
ably complicated and, according to some reports, is made much worse by the exactions of the Japanese, who are said to be levying a sort of likin tax on goods passing through towns in the interior amounting to as muth as thirty yen s picul on yarns! The whole matter is being investi- gated by some influential parties here, at instance of the leading native dealers, and it is hoped arrangements may soon be made to relieve the Advices trade of these disturbing influences. from Tientsin continue to be satisfactory, and The rain has Chefoo is also fairly active. interfered with dyeing operations in Hankow, but otherwise the trade there is mending gradual- ly. Ningpo remains very dull. The Manchester market is unchanged, quotations showing no alteration from last week. Some business has
The
gone through in heavy grey goods for shipment in the Autumn. The quotation is again higher to Liverpool for Mid-American Cotton, namely 4.34d., but Egyptian is easier at 64d. Full rates are being asked by American manufacturers and very little has been done for this market. latest New York Cotton quotations are 7.58 cents for June and 7.87 cents for July. It is said the Marine Insurance Companies have raised the rates for "War risk" on Pacific shipments very considerably. Largo supplies are expected here very shortly and therefore the block at New- chwang is becoming a serious question. On the other hand couplaints are once again frequent with regard to the late delivery of goods both from Manchester and New York. It will interest American shippers to learn that a large gathering of influential and prominent Chinese Merchants and members of the gentry met yesterday after- noon at the Chinese Chamber of Commerce to discuss and protest against the proposed new
Raw Cotton-Indian cotton is steady especially for best descriptions of ginned. The quality of the importations now arriving, however, prevents the possibility of any immediate improvement taking place in the near future. Sales reported are of about 775 bales Bengal kinds at $21 to $23. Unsold stock about 3,500 bales. In China kinda the sole business of the interval is the sale of 100 bales (small) at $25. Stock 200 bales. Quotations are $20 to $23) Indian and $22 to $25 (hinese Exclusion Treaty, which the Minister to
C ina.
Exchange on India has fluctuated slightly and closes to-day at Rs. 141 for T/T and Rs. 1414 for Post Shanghai 71 and 924 on Yokohama.
The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended 5th instant, v zi
Indian :--
Considering the interruptions to business through the prevelance of native holi- days, and the usual spring Race Meeting, business done has not been unsatisfactory, sales amounting to close upon 2,500 bales at fairly steady prices. Eastimated stock about 50,000 bales.
Japanese-There has been no slackness in the demand, sales aggregating 2,500 bales on the basis of Tls. 94 to 107 for No. 10s, and Tls. 100 to 107 for No. 20s, prices showing a slight decline.
Local-The market is steady, but no sales from first hands are perorted.
PIECE GOODS.
Messrs. Noel, Murray & Co., in their Report on the Shanghai Piece Goods Trade, dated Shanghai, 11th May, 1905, state :-There have been no in- terruptions to trade during the interval, barring the continuation of wat weather, but so far as this branch is concerned it remains almost at a standstill, especially as regards fresh transactions. That the demand in the country is good is evidenced by the clearances, which have kept distinctly fair in spite of the deluge of rain that has been falling over the whole of the Yangtsze Valley. Uncertainty regarding the immediate future, however, is undoubtedly causing a con- siderable amount of uneasiness in native business circles, as momentous events are pending, the effect of which it is quite impossible to foresee, but the issue cannot be much longer delayed. So far the presence of the Russian Fleet in the waters of South China bas not caused any serious draw- backs to trade, but at the same time there is always the uncertainty as to what may be the outcome of the complications it may give rise to. At present the successes of the Japanese have not had the favourable effect on trade that was an- ticipated, judging by the experiences of New- chwang It is of course difficult to get right to the bottom of the trouble, but there is no question that great obstacles have been put in the way of distributing the supplies which have gone up to that Port, and efforts are being made to find out the cause and apply a remedy if possible. The lack of transport facilities, owing to boats and carts having been requisitioned by the Military Authorities, was at first understood to be the reason; then it was attributed to the smuggling of contraband articles in the packages and finally, as the goods that went through appeared to be paid for in Russian money, it was thought the enemy's troops were being supplied, though it was only reasonable to suppose the natives have nothing but roubles with which to pay, and that currency is now interdicted by the Japanese in Newchwang. The situation is therefore consider-
|
one.
Washington refused to sign, the clauses in this new Treaty being more severe than in the old It was decided to telegraph a protest to Peking, where the Treaty has now to be signed, against the present proposed terms, and it was also unanimously decided by those present to cease purchasing or contracting for American goods until the terms be modified and made to weet the requirements of justice. It was furthermore decided to telegraph to merchants' guilds through- out the whole Empire the reason for this boycott of American goods and to request one and all to join the Shanghai Merchants in this matter! There is a little more life in the market for
yarns, especially for Szechuen, but prices are far from strong. Native cotton is easier.
EXCHANGE.
FRIDAY, 20th May.
..1/10
1/10/11/1
.1/10
..1/103:
..1/1010
ON LONDON.—
Telegraphic Transfer Bank Bilis, on demand Bank Bills, at 30 days' sight Bank Bills, at 4 months' sight Credits, at 4 months' sight Documentary Bills, 4 months' sight 1/11). ON PARIS.-Bank Bills, on demand...237)
Credits 4 months' sight ON GERMANY.-On demand ON NEW YORK.-Bank Bills, on demand46
Credits, 60 days' sight
241 ..193
461
ON BOMBAY.-Telegraphic Transfer 1411 1417 Bank, on demand
ON
ON CALCUTIA.-Telegraphic Transfer 141
Bank, on demand
HANGHAI.-Bank, at sight... Private, 30 days' sight ON YOKOHAMA.-On demand .ON MANILA.-On demand
ON SINGAPORE.-On demand... ON BATAVIA.-On demand ON HAIPHONG.-On demand ON SAIGON-On demand........ UN BANGKOK.-On demand SEVEREIGNS, Bank's Buying Rate... GOLD LEAF, 1'0 fine, per tael BAR SILVER, per oz.
1411
717
.72€
923
921
51 p.o.pm.
...1134
11pe.pm.
1p.c.pm.
611
$10.45
.855
261
MISCELLANEOUS EXPORT. Per steamer Jason, sailed on 10th May. For Port Said:-50 cases firecrackers, 40 rolls matting. For Amsterdam-60 cases Fireerackers, 225 casks ginger, 50 cases chinaware, 50 cases cassia. For London :—153 cases chinaware, 100 bales bamboos, 176 rolls matting, 10 boxes essential oil, 125 casks soy, 200 casks ginger, 90 cases effects and sundries, 207 bales feathers. For London or Continent:- 556 bales canes, 26 cases bristles, 40 bales feathers. For Dundee:-50 bales matting. For Antwerp ---- 320 bales. bamboos, 336 bales feathers, 88 bales canes, 10 cases bristles, 104 rolls matting.
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