10
COMMERCIAL.
TEA.
HANKOW, 21st June.-Business reported since the 14th inst., is as under:- 1905. 1904.
-Chests. -Chests. 87,250 30,504
THE HONGKONG WEEKLY PRESS AND
Local Manufacture---Nothing doing; the mill having sold freely forward for several onths can
[July 1, 1905.
The Bombay market is very strong, and at the is also strong, a recent small purchase for this close higher prices are advised, which further market showing a further advance oven for enhances the laying down cost. Importers, how-March-April shipment. We are still without ever, are not so firm in their ideas and would cotton quotations, and no news of the official meet buyers to a reasonable extent, but dealers report on the acreage sown appears to have come are not now inclined to increase their holdings to hand so far as we can learn, but private writ- and a temporary check is for the moment being ten advices make it 8 per cent. less, and the same experienced
percentage less in the usage of fertilizers. Piece Goods, Private transactions from first hands are still of a very limited character, and are not realising the profits at one time thought possible. Further parcels bought for next Spring delivery have been placed on private terms this week. Old chops of Manchester £10, are feeling the competition of American four yard makes. The auctions bave shown a little more life, and the market is certainly less depressed, clearances have been fair.
Settlements Consisting of the following Teas :-
1.Chests
16,378 at Tls. 60.00 per picul. afford to hold off.
Ningchows. Khemuns Kutoans
2,604 at Tls. 26.00
*
"
Oopacks
Oonams
225 at Tls. 7,140 at Tls. 16.25 .32,218 at Tls. 18.50
J
*1
1
Oonfsas
Seang-tama Ichang
"
D
12
.20,786 at Tls. 17.50 5,227 at Tls. 14.00 2,612 at Tls. 68.50 The following are the statistics at date compared with the corresponding circular of last season, viz., 22nd June, 1904- 1905. 1904.
-Chests. 434,586 3,542
HANKOW TEA. Settlements...
-Cheats
815,881
Stock
67,498
"Arrivals
383,379
KIUKIANG TEA.
1905. -Chests.
Settlements... Stock
146,488
+
25;096
Arrivals
SILK.
171,584
438,128 1904. -Chests. 181,421 15,255
196,676
Messrs. A. R. Burkill & Son's Silk Circular dated Shanghai, June 17th, 1905 states:-The home markets are firm; Gold Kiling is quoted in London at 11/6 and in Lyons at Fcs. 32. Silk. Our last circular was dated May 24th,
Raw
since when a considerable business has been done in Taatlees and Kashings, whilst Coarse Silks have changed hands in small lots. Yellow Silk.-A few small parcels of second choice Mienyangs and Mienchews have changed hands. Hand Filatures.-A moderate business has been done in usual style filatures, and we hear of one transaction in new style at Tls. 700 average. Steam Filatures.-Market very quiet. Tussah Filatures.-There has been a steady demand for this class of silk during the past week, and owners
Japanese Yarn --With the exception of a single sale of 50 bales No. 16s at $134 nothing has been done in these threads, the market being bare of stock.
Raw Cotton:-Indian descriptions are fairly active, and sales of 450 bales superfine Bengals at $23 to $24, are reported. At the close importers are holding off in sympathy with higher prices wired from Bombay. Unsold stock about 4,000 bales. In Shanghai Cotton a parcel of 130 bales Thoongchow has been reported sold at $25 to $20, unsold stock 200 bales. Quotations are Indian $22 to $25 and Chinese $22 to $26.
Exchange on India has been fairly steady and closes to-day at Rs. 101 for T/T and Rs. 1401 for Post. On Shanghai 718 and on Japan 92.
The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 16th instant, viz:-
Indian-A better feeling has prevailed in the market and a general appreciation of half to 1ị taels has taken place in values, Nos. 10s and 20s showing the largest advance. Total sales about 6,000 with an estimed stock of 60,000, bales.
Japanese-The late depression has completely disappeared and the market rules firm, but short- ness of supplies is affecting business. Sales reported are 2,000 bales on the basis of Tls. 89 to 90 for No. 10s, Tls. 93¦ to 1014 for No. 18s, and Tls. 104 to 408 for No. 20s.
Local: Further contracts to the extent of 16.500 bales have been entered into by some of the mills during the interval, on the basis of Tis, 841 to 851 for No. 10s, Tls. 85 to 87 for Nos 12s, Tla. 88 to 894 for No. 148, and Tls. 901 to 92 for No. 168.
{
PIECE GOODS.
MISCELLANEOUS EXPORTS.
HANKOW, June 21st, 1905:-The prices quoted are for the net shipping weight excluding cost of packing for export :—
Per picul. Tls. 34.50
Cowhides, Best Selected
Seconds
Do.
Buffalo hides, Best Selected
Goatskins, Untanned, chiefly white color Buffalo Horns, average 3-lis, each White China Grass, Wuchang and or
Poochi..
White ChinaGrass, Sinshanand/orChayu Green China Grass, Szechuen Jute
White Vegetable Tallow, Kinchow...... White Vegetable Tallow, Pingchew
and or Macheng
White Vegetable Tallow, Mongyu Green Vegetable Tallow, Kiyu.
Animal Tallow Gallnuts, Usual shape..
Do. Plum do. Tobacco. Tingchow
Do. Wongkong Black Bristles Feathers, Grey and or White Duck
Wild Duck Tumueric Sesamum Seed Sesamum Seed Oil
are now asking advanced rates. Waste.-Nothing the Shanghai Piece Goods Trade, dated Shanghai, Vegetable Tallow Seed Oil doing.
OPIUM.
HONGKONG, 30th June. Quotations are:- Allow'ce net to 1 catty.
per picul.
Malwa New
$1200
to
Malwa Old
.81280
ta
do.
Malwa Older
$1340
to
do.
Malwa V. Old...
$1400 to
do.
Persian fine quality ...$980
to
do
Persian extra fine.
Patna New
Patna Old
$1020 to .81120 to to $1080 to to
do. per chest.
do.
do.
do.
Benares New
Benares Old
COAL.
Messrs. Hughes and Hough, in their Coal Report of June 30th state that 16 steamers are expected at Hongkong with a total of 34,100 tons of Japan coal, 6,000 tons of Cardiff Coal, and 26,700 tons of Indian. Since June 16th 41,600 tons of Japan coal have arrived. The market continues weak with no buyers. Quotations:-
Cardiff.. Australian
Yubari Lump.. Miiki Lump
. Moji Lump..
.......$8.50
$15.00 $16.00 ex-ship. .$12.00 $13.00 ex-ship.
$12.00 ex-ship, nominal $11.00 ex-ship, nomival to $9 50 ex-ship, quiet.
COTTON. HONGKONG 30th June:-Good business at an advance of $1 per picul. Stock about 4,000 bales.
Bombay.
$20.00 to 22.00 per pel. Bengal(New), Rangoon) 20.00 to 25.00
and Dacca
Shanghai and Japanese, 26.00 to 27.00 Tungchow and Ñingpo, 26.00 to 27.00 Reported sales 800 bales.
YARN.
Mr. Eduljee, in his Report, dated Hongkong, 29th June, says: Considerable arrivals-22,731 bales have taken place during the interval, but with a meagre stock on hand, the market was well able to withstand this heavy influx. A fair proportion of the receipts is in fulfilment of old contracts, and dealers are now fairly well supplied with almost all grades of twist, with which they are meeting the existing demand. New business from first hands is consequently greatly checked, and total settlements of the fortnight barely *amount to 6,800 bales. Prices generally have ruled firm and the market may be termed unchanged.
|
Messrs. Noel, Murray & Co., in their Report on
22nd June, 1905, states:-The pessimistic remarks we made last week have been condemned in some quarters, but we see nothing to cause us to change our view. In fact it is rather confirmed by the action the leading native dealers have I considered it necessary to take during the inter- val, and that is to agree on a basis on which to
Wood Oil Tea Oil
30.50*
19
17.00
31
"
(nom.)
7.60
20
(nom.)
"
19
11
4.70
21
J
9.00
8.60
8.00
11.00
"
9.50
17.00
18.00
"
(nom.)
(,,
110,00
(nom.)
(
}}
3.50
4.25
15
8.00
(nom.)
$7.80
+
(пот.)
Per steamer Deucalion, sailed on 20th June. For Odessa:—20 cases Bristles, 125 cases Star Aniseed.
For For Genoa-203 bales Canes. Marseilles:-225 bales Waste Silk, 200 packages
cases Cassia, 50 bales Bamboos. For Havre :---5 boxes Bristles, 190 bales Split Bamboos. For Liverpool:-100 bales Waste Silk, 10 cases Essen- tial Oil, 211 packages Effects and Sundries. Manchester125 bales Waste Silk.
For
uphold prices on this market. That there should Tea, 6 bales Human Hair, 50 cases Gallnuts, 100 be any occasion for such a combination against consumers at once shows the precarious condition to which the trade is coming, the only justifica- tion for thus interfering with the ordinary laws of supply and demand being the possibility of the regular channels of trade in the North being restored in the near future. This question has received the attention of the local Chamber of Commerce, and at the last Committee Meeting held two days ago a sub-Committee was appointed to wait on the Japanese Consul-General to ask his assistance in the matter. He received the depu tation this morning and promised to telegraph requesting that, so far as it was compatible with the exig neies of the Military, to remove all obstructions to trade and do what they can to facilitate transport of goods into the interior. What good, if any, this will effect is quiet pro- blematical, but in the meantime there has been a
considerable business doing in anticipation, which second hand holders seem ‹nly too willing to take advantage of. This has al o led buyers for other markets to operate and consequently a firmer feel- ing prevails at the moment. The Tientsin mar- kets coutinue to operate and more demand is being experienced for Corea, but Hankow is recovering very slowly. A further menace tot ade has just been brought prominently forward by the Commit-
tee of the Chamber of Commerce, aud that is the
Per steamer Calchas, sailed 22nd June, For Suez, 200 cases Cassi ; for Havre, London or Hamburg, 10 cases Essential Oil. 20 cases Bristles; for Amsterdam, 200 boxes Tea, 200 cases Ginger, 65 rolls Matting; for London, 125 bales Waste Silk, 1,825 boxes Firecrackers, 75 cases Black- woodware, &c., 586 rolls Matting, 62 cases Effects and Sundries, 5 bags Ore, 105 package Shells, 575 bales Canes, 200 casks Preserves, 100 casks Soy, 218 bales Feathers; for London and Haw- burg, 112 bales Canes, 6) bales Feathers, 5 cases Human Hair; for Dundee, 62 bales Mats; for
Glasgow, 2 cases Bicycles; for Hamburg, 234 bags Ore for Copenhagen, 600 cases Cassia; for Antwerp, 155 bags Ore.
Per 1. G. M. steamer Zieten, sailed on the 22nd June, for Aden, 129 rolls Chinaware, 50 cases Preserves; for Messina, C84 cases Cassia; for
Rhodes, 21 cases Cassia; for Smyrna, 186 cases Cassia; for Odessa, 232 cases Cassia; for Piraeus, 112 cases Cassia; for Mytilene, 44 cases Cassia; bales Raw Silk, 150 bales Waste Silk; for Buenos for Naples, 100 bales Raw Silk; for Genoa, 310 Ayres, 100 cases Palm Leaf Fans; for Antwerp, 107 cases Cassia, 53 bales Feathers, 21 rolls Mat-
wholesale coinage of Copper Cash which is going on all over the country. Mints are being esta blished everywhere, and the country is rapidly being flooded with a debased coinage, which must nevitab y do the greatest injury to tra e genting, 3 cases Human Hair; Antwerp or Ham- orally The minting process is quite simple, the сорр г dises being supplied by some of the leading firms here. This is the Native idea of carrying ou the Mackay Treaty with regard to establishing au uniform currency Manchester has opened very strong after the Whit week holidays, warkei advances being noticeable from a few weeks ago. Cotton has taken a sudden jump o 4.96d. for Mid-Ame ican, and it is said private advices quote higher than that. Egyptian remains the same—7ld. The New York market
burg, 45 cases Bristles; for Antwerp, Hamburg or London, 115 cases Bristles; for Amsterdam, 9 cases Chinaware, 1 roll Matting; for Rotterdam, 320 bales Bamboo Scraps, 13 rolls Matting, 8 cases Chinaware; for Bremen, 170 bales Feathers, 54 rolls Matting; for Hamburg, 590 bales Feathers, 62 rolls Matting, 50 cases Bristles, 49 bales Canes, 8 cases Blackwoodware, 6 cases Feathers, 5 cases Cassia, 5 bales Cassia; for London, 1,055 rolls Matting, 10 cases Bristles; for Copenhagen, 125 cases Cassia, and 1 cases Curios.
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