July 15, 1905.]
apparent that the time has arrived when, for the protection of both the public and the share- brokers, some steps should be taken to end or amend an act under the protection of which any nascrupulous broker or speculator may, if he so choses, under present circumstances, escape from his liability. The object of the Bill has never been even partially attained, and now that the bitter feeling between bulls and bears, which notoriously gave it birth, has happily passed away, there seems to be no good reason why the advisability of repealing a Bill (which has no counterpart in any part of the world), or of at least limiting its powers to Bank stocka, should not be considered. It is evident tha something will have to be done if confidence is to be restored, and a growing evil checked.
BANES. The demand for Hongkong and Shanghais has continned during the week, and with no supply the rate has further boomed to 8890, at which shares have changed hands. The London ate has improved to £88.10 per Reuter, but private advices to-day give £90; an interm
Nationals dividend of 35s, has been announced. are still e quired for without bringing any shares on the market, and the rate has risen to £35.
MARINE INSURANCEB, ----Unions hare cou
tinued in demand at $700 but no business has resulted, and the market closes at $705. Canto s have also been enquired for, but holders will not part, and only very small :ales have been effected. At last the well kept secret is public property, and the China Traders Cat is out of the bag. (It's a wonder it was not suffocated. perhaps at was). It appears that negotiations have been going on for some months for the absorption of the Company by another local Marine Insurance ("o.; the negotiations reached an advanced stage and were then broken off on a comparatively minor point. but are again about to be renewed, and the meeting of share- holders of the China Traders has been called for the 17th inst., to further that end. meantime the market has fluctuated considerably and after further sales in the early part of the week at $74 and $75 the rate suddenly fell to $67 and $68 at which a fair business was tran- sacted. Upon the resumption of negotiations the rate again quickly rose to 875 with sales after some small sales had been effected at $72 and 'The market closes with some sellers at $73. $78. North Chinas and Yang tezes remain nuchanged and without business.
In the
FIRE INSURANCES.— Hongkongs have im- proved to $305 and Chinas receded to $85, no sales.
SHIPPING. Hongkong. Canton and Macaos have been placed at the reduced rate of $261 closing quiet at that. Indo-Chinas, in the early part of the week, w.re negotiated at 396 but improved later with a Shanghai demand, and close at $93 er div. of $6.29 paid in Hongkong yesterday. Other stooks under this heading have been totally neglected and close quiet.
REFINERIES. China Sugars bave found buyers at $212 and 8211 closing fairly steady at the latter rato. Luzons unchanged and without business,
MINING. Raubs have improved to 863 with sales. Charbonnages unchanged and neglected. DOCKS, WHARVES, AND GODOWNS.-With the exception of a small unsatisfied demand for Hongkong and Whampoa Docks at $195 we have nothing to report under this heading. Farnhams are quoted Tl. 1 lower (Tls. 140) in Shanghai.
·
LANDS, HOTELS AND BUILDINGS, — The small demand for Hongkong Lands has continued and a few shares have changed ha ds at $117, the market closing with buyers. This Company has announced an interim dividend of $3.50 West Poin's are obtainable at $53, the Company has also announced an interim dividend ($2.75 per sba e). Humphreys have changed hands at $12 closing with sellers. Shanghai Lands have advanced to Tls. 1231 a d have announced a div. of Tls. 3 share.
per COTTON MILLS.-All the Northern Mills are Interna. firmer. Ewos have advanced to $48. tionals to $42, Laon Kung Mows to $48. Hongkongs remain unchanged and without
business.
MISCELLAN KOUR. With the exception of an improvement in Bell's Asbestos Eastern Agency to $7, and small sales of Watsons at $124 and Green Islands at $264 we have no business to report.
CHINA OVERLAND TRADE REPORT.
Closing quotations are as follows: -
COMPANY
Alhambra
Banks-
QUOTATIONS.
PAID UP.
$200 $100
$125
25
(8890, sales
London. £90 $38, buyers 6d. ;37, buyers $12 $11.75, $10 $10
Hongkong & S'hai.. National B. of China Bell's Asbestos E. A....12s. China-Borneo Co....... China Light & P. Co. China Provident Cotton Mills~
Ewo... Hongkong International Laou Kung Mow Soychee Dairy Farm Docks & Wharves-
Farnham, B. & Co... H. & K. Wharf & C H. & W. Dock ·
$10 -38.73. sellers
Ts. 50 Tlx. 18, buyers
$10 $16, sellers Ts. 75 Tls. 43 buyers Ts, 100 Tla, 48, buyers Tlx 500 Tls. 160 buyers
$6 $17, sellers.
Tls. 100 Tl. 140
$50 $95, buyers 350 $195, buyers *61 $18, Fellers, o...
New Amoy Dock. S'hai & H. Wharf... Tis, 100 Tls. 187į
(8294, new issue Fenwick & Co., Geu...
$25
(827, new issue $to 3264, sellers $10 $170, buyers £10,8174
G. Island Cement. Hongkong & C. Gas... Hongkong Electric...
Do. New
H. H. L. Tramways... Hongkong Hotel Co... Hongkong Ice Co...... Hongkong Rope Co... H'kong S. Waterboat Insurance—
Canton China Fire. China Traders Hongkong Fire.. North China.. Union Yangtsze Land and Buildings- H'kong Land Invest. Humphreys' Estate
Do. New
Kowloon Land & B. Shanghai Land. WestPoint Building Mining-
Charbonnages Raubs....
Philippine Co. Refineries-
China Sugar. Luzon Sugar.. Steamship Companies
China and Manila.... Douglas Steamship H., Canton & M.. Indo-China S.N. Co. Shell Transport Co. Do. Preference......... Star Ferry
Do. New.. Shanghai & H. Dyeing South China M. Post. Steam Laundry Co.
Do. New.... Stores & Dispensaries. Campbell, M. & Co. Powell & Co., Wm. Watkins... Watson & Co., A. 8. United Ashestus ...
Du
Founders
$5 $11 *UX $2121 $50 $188 $25,82421 sellers $50 $152 $10 $15, sellers
$50 $3021, buyers $20 $85, sellers $25 $78, sellers $50 $306, buyers
£5 Tls, 82
$100 $705, huyers
$60 $1724
$100 $117, sales & buy, $10
*10} ¡$124. sellers
330 $40, sellers
Tls. 50 TIs. 123, buyers
Xau $53, sellers
Fes.250 3490
18 10 361,
$10 893, sellers
$100 $211,sales&sellers $100 $31, sellers
$25 $20, sellers $50 $354, sellers $15 $20, sellers
£10 $98, buyers ex div
£121, sellers £10, £8. 10s.
$10 $35, sellers $ $27, sellers $50 $50 $25 $22, sellers
35 38
$3 $74
$10 $36 $10 $11, Bellers $10 $71, sellers 310 $124, buyers * 891, sellers $10 $180
VERNON & SMYTH, Brokers.
Messrs. J. B. Bisset & Co.'s Share Report for
48.
were placed at Tls. 189 and 140 for cash, Tis. 141/40 July, Tls. 1413/42 August, Tls. 148/48 September, On the 4th business and Tls. 144 for October. was done at Tls. 140/39/88 for July, Tls. 189 August, Tls. 140 September, and Tls. 141 for October. On the 5th Tls. 140/41 cash, Tla. 143 for December. At closing there are buyers at Tls. 141/42 for July. Shanghai and Hongkew Wharves. The market opened on the 29th with sales at Tla. 176/75 for July; Tls. 180/81 for October. On the 4th Tls, 1871 and 184 for August. On the 5th Tls, 185 cash and 188 August; Tis. 190 September. At closing the market is much firmer with sales reported at Tls. 1871 for July. Yang- tsze Wharf and Godowns have been placed at Tls. 190 and 192). Sugars.-China Sugars have been placed locally at 8229 for October and Perake at Tis. 70 cash. Mining.-No business reported. Lands. Shanghai Lands have been done at Tls. 122 and 122 cash. Industrial.-Laou-kung- mows have been placed at Tls. 48 for July. Ewos Tls. 44 cash. Major Brothers have been placed at Tls. 764 and 70 cash. Anglo-German Brewery at $118 ex. 73 cash. Langkats were done on the 29th at Tls. 218/15 for July, Tls. 212 Angust, 11s. 226/20/17/15 December. On the 30th business was done for cash at Tis. 210, July at Tls. 2121/10; October Tls. 2171/15/10/12). Sep- tember Tls. 212) and December Tls. 215/17). Ốn the 4th cash at Tls. 210 and 210/11 for July, Tls. 2121 August, and Tls. 215 October. On the 5th Tis. 210/11 July, Tha. 214 September. The Sumatras market closes quiet at the last rates.
Stores and Hotels, have been placed at Tls. 68. -Lane and Crawford at $145 cash; Astor House at $31). Miscellaneous.-No business reported. Loans and Debentures. —Shanghai Municipal per cent. at par and Tls. 98. Hankow Municipal 7 per cent. at par. Shanghai Land 51 per cent. at Tls. 904, and 6 per cent. at Tls, 98.
Đi LONDON.
EXCHANGE.
FRIDAY. 14th July.
Telegraphic Transfer Bank Bilis, on demand
1,101
1/103
Bank Bills, at 30 days' sight
.1/101
Hank Bills, at 4 months' sight
1/10
Credits, at 4 months' sight
1/11
Documentary Bills, 4 months' sight 1/114
ON PARIS.-
Bank Bills, on demand..
238
Credits 4 months' sight
2411
ON GERMANY.-On demand.
194
ON NEW YORK.-Bank Bills, on demand 461
Credits, 60 days sight
ON BOMBAY.-Telegraphic Transfer
Bank, on demand
461
.1411
141
ON CALCUгIA.-Telegraphic Transfer 1411
ON
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 ON BANGKOK,~On demand SEVEREIGNS, Bank's Baying Rate GOLD LEAF, 160 fine, per tael BAR SILVER, per oz.
TONNAGE.
1414
71
.72
921
93
6 p.c. pm ...113 11p.c.pm.
.............855.40
.1 p.c.pm. 62 $10.45
277%
HONGKONG, 14th July.--Freights Constwise continue about the same as laat reported. Iloilo
to Hongkong, 16 cents per pienl; to Yokohama, 28 cents per picul last. From Saigon, nothing the week ending July 6th, 1905, states:A fair doing. From North Coast Java to Hongkong, 30 cents nominal. Hence to Japan, 17 cents per business has been done during the week, the principal feature being a rise in Shanghai and pical; to Newchwang, 30 cents last. Newchwang
The T.T. rate to-day on
to Hongkong, the Nord has been closed to load | Hongkew Wharves.
Loudon is 2/7. Banks.-Hongkong and Shang-about 10,000 piculas, at 25 cents; and no further business is expected until the new crop is ready | hai Bank. There are buyers in the South at
$807.50; the Lendon quotation is £86. No business for shipment. Coa' freights. From Moji to this,
$1.80 per ton last; to Singapore, $1,85, reported locally. Marine and Fire Insurance.--- The only business reported is in China Traders at $70 ex 73. Shipping-Judo-Chinas. There has been a little improvement in this stock. The market opened at the beginning of the week with sales for July at Tls. 68; Tis. 69 August, and Tls. 71 September. Tls. 72) November, and continued steady with a quotation on the oth at Tls. 71 for October. At closing there are buyers at Tls. 70 for July. Shanghai Tugs. Preference shares have been done at Ths. 60. Docks and
Wharves.-S. C. Farnham, Boyds. The market opened with sales at Tls. 141 and 142 for Jury:
and Tis, 145 for October. On the 30th shares
The following are the settlements:- Wik-tterman steamer, 1,810 tons, Knchinotzu to Hongkong, $1.40 per ton.
Labuan-British steamer, 2,294 tons, Kuchi: notzu to Singapore, $1.25 per ton.
Loyal German steamer, 1,184 tons, Moji to Saigon, 38.00 per ton.
Carl Menzell-German steamer, 960 tons, Iloilo to Yokohama, 28 cents per picul.
Hedwig Menzell-German steamer, 980 tons,
Touron to Canton. $1.80 per ton.
Dott-Norwegian steamer, 189 tons, monthly, 3'9 montha, at $1,500 per month.
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