74
COMMERCIAL.
SILK.
Fres.
CANTON, 28th July, 1905.-Third Crop is de- finitely estimated at 6,000 bales, against 10,000 bales in 1903, and 7,000 bales in 1904. The qua- lity and colour are better than 2nd crop. Long- reels.The improved demand for Europe was maintained during the earlier part of the fornight, but latterly business has been almost completely stopped by the daily advancing Exchange. In spite of this fact, dealers not only maintain a very firm front, but, in view of the excessively high cost of. 3rd crop cocoons, even incline towards higher prices, as shown by subjoined quotations. From sales made we quote in 2nd crop: Wing Cheong Sing 11/13 at $900; Kum Lun Tai 13/15 at $880; Chee Chung Wo 13/15 at $850; Tung Wo Hing 13/15 at $840; Best 2e Ordre 18/22 and Bon 2e Ordre 18/22 at $760 and $745 respec- tively; Yee Wo Lun 11/13, 13/15 and 14/18 at $800, $755 and $735 respectively; Yee Wo Hing 11/13, 13/15 and 14/18 at $755 and $760. Short- reels. Have ruled fairly active with limited tran- sactions, the market being quite bare of stock. $860 have been paid for Kwong Wo Hing 14/16 and $730 for Re-reels Nos. 1 & 2 (Yee Wo Hing's Blue Ticket.) Waste Silk-Business has been checked by the inflated condition of prices in the interior, native speculators practically controlling the country stock. Stock of Silk in Canton: 200
bales.
Messrs. A. R. Burkill & Sons' Silk Circular, dated Shanghai, July 15th, 1905, states:The Home Markets are firm, Gold Kiling is quoted in London at 11-10). Raw Silk.-Early in the week a moderate business was transacted in Tsatlees, at advancing rates, but during the latter half the demand has almost ceased.
EL
Kashings have been taken on the basis of $560 for Duck M. Yellow Silk.-A small business has been done in Mienyangs and Mien chews. Hand Filatures. Are neglected. Steam Filatures. The Market keepa firm but busi- ness has been limited to few purchases in fine sizes for Lyons, and one or two for America. Tussah Filatures.-A considerable business has been done lately for both markets. Waste Silk. --There have been some further settlements of Filature Flosses, but heyond a small settlement of Kading Frisonets 70,20,10 which is perhaps too small to be quoted as opening the market in
THE HONGKONG WEEKLY PRESS AND
COAL.
Messrs. Hughes and Hough, in their Coal Report of July 28th, state that 9 steamers are expected at Hongkong with a total of 36,000 tons of Japan coal, and 5,000 tons of Indian coal. Since July 28th, 11 steamers have arrived with a total of 47,100 tons of coal. The market gener- ally rules very quiet, Quotations:---
Cardiff.. Australian
$15.00 $16.00 ex-ship, $10.50 $110 ex-ship. $12.00 ex-ship, nominal $11.00 ex-ship, nominal Moji Lump......$9 CO to $9.50 ex-ship, quiet.
Yubari Lump.. Miiki Lump
COTTON.
HONGKONG 28th July: At last prices moderate business done. Stock about 3,000 bales.
Bombay.
$21.00 to 23.00 per pcl. Bengal (New), Rangoon) 22.00 to 26.00
and Dacca
Shanghai and Japanese, 26.00 to 28.00 Tungchow and Ningpo, 20.00 to 28.00 Reported sales 400 bales.
YARN.
19
(July 29, 1905.
take them, but when he replied he could not "lose face" in that manner, the answer was "well don't order any more"-or words to that effect. No very great importance need be attached to this agitation, in our opinion. A very small proportion of China's millions cares a straw about the treatment their nationals receive In other countries, and it would weigh absolutely nothing against a possible commercial gain how- ever small. It is purely and simply a blaff, although it may not be so intended by the promoters, and, judging by the effect it is producing on interested parties in the States, it is having just the desired result. Probably no more inopportune time than the present, so far as Piece Goods are concerned, could have been selected for the promulgation of such a scheme, one great fear being that such an opportunity would not be lost sight of by the Japanese, who would immediately nsurp the trade and supply Manchuria's wants, either direct or from the States. The current business in the meantime has been very slow, although clearances, for the time of the year, cannot be complained of, and notwithstanding some importers still continue growling at the dulness of the Hankow trade, others are fairly well satisfied. Tientsin continues to take a fair quantity, the steamer agents, at all events, not complaining of a want of freight. The auctions are supplying the trade with fair liberality and the returns they are getting cannot be unsatisfactory. The home markets appear to have been somewhat agitated by the violent fluctuations in American Cotton, which declined 30 points in Liverpool the day after our last was written, and then recovered 25 points two days ago, the latest quotation being 6.07d. for Mid- American, but Egyption has remained unchanged at 74d. The Manchester market is very strong, would-be operators finding it impossible to con Local Manufacture:-No business reported. nect, apart from the distant delivery required. Japanese Yarn:-The low prices now ruling The New York market is almost equally un- here are diverting the stream of shipments north-approachable, although it is reported at least ward.
ono transaction has gone through for this. The Yarn inarkets are strong in sympathy with Cotton, and further contracts are reported by the Local Mills at advancing prices. Piece Goods.— Beyond the regular auctions business from first hands is greatly restricted owing to the scarcity of available supplies, by far the greater portion of the heavy cargoes coming in being on Native account. Those who have goods, however, are now indisposed to sell unless at adequate prices, A noticeable improve- though they realise it is practically impossible to obtain replacing cost. ment has taken place in the demand for 4
Mr. Eduljee, in his Report, dated Hongkong 28th July, says :-The demand from the country having fallen away considerably owing to the gathering of the new rice crop, importers have experienced less enquiry, and to move off goods as they arrive, have submitted to a small decline of 50 cents to a dollar per bale in special instances. The willingness of holders, however, to meet buyers has not led to any increase of business, as, without an outlet, dealers refrain from committing themselves; but taking advantage of the weakness of the position are doing their utmost to "hear" the market in anticipation of a resumption of demand next month. The Bombay market is reported strong.
Raw Cotton-The limited country demand which exists for Indian descriptions, is freely met by dealers from their late heavy purchases. New business from first hands has, consequently, been checked, and we have to report sales of only 350 bales superfine Bengal at $23 to $25; with an estimated stock of about 4,600 hales. Quotations are Indian $23 to $26 and China $25 to $27.
Exchange on India has fluctuated slightly and closes to-day at Rs. 140 for T/T and Rs. 141 for Post. On Shanghai 71 and on Japan 92).
The undernoted business in imported and local
this waste, we do not hear of anything be spinnings is reported from Shanghai during the yard American Shirtings, the narrow fold inore
done in any of the standard new wastes.
SUGAR.
HONGKONG, 28th July.-The position of the market is nearly the same as when last reported. Shekloong, No. 1, White......$9.00 to $9.05 pels.
2, White...... 7.50 to 7.53
Do.
15
Do.
F
Do.
Swatow,
Do. Do.
""
1, Brown...... 6.20 to 6.25 2. Brown...... 6.00 to - 6.05 9.10 No. 1, White...... 9.00 to
2, White...... 7.60 to 6.05 1, Brown.....
6.10 6.05 to
Do.
2. Brown...... 5.80 to 5.83 Foochow Sugar Candy. .12.00 to 12.05 Shekloong
.11.90 to 11.95
"
RICE.
HONGKONG, 28th July.-The prices are going downward, favourable harvest having been re- ported.
Saigon, Ordinary..
"
J
Round, good quality Long...
Garden,
Siam, Field mill cleaned, No. 2 No. 1
White,
++
** Fine Cargo
OPIUM.
$2.50 to $2.55 3.80 to 3.85 3.90 to 3.95 3.05 to 8.1u 3.10 to 3.15 4.05 to 4.10 4.15 to 4.20
HONGKONG, 27th July. Quotations are:---- Allow'ce net to 1 catty.
per picul.
do.
Malwa New
$1180 to
Malwa Old
$1260 to
Malwa Older
.$1300 to
do.
Malwa V. Old...
.$1360 to
do.
Persian fine quality Persian extra fine
Patna New
...$1020
..$1070 to .$1105 to
to
do.
Patna Old
A
to
do.
Benares New Benares Old
.$1060
to
do.
to
do.
do. per chest.
Į
|
fortnight ending the 14th instant, viz:
Indian-Buying for Newchwang and Tientsin still continues, and with a fair enquiry for the River Ports, total sales aggregate 7,581 hales, No. 10s forming more than three-fourths of the settlements. Prices show little or no change and the market closes firm with an estimated stock of
55,000 bales.
Japanese-Prices show an advance of one tael, but settlements are small and barely amounts to 1,000 bales, No. 16s heing sold at Tis 95 to 103, and No. 20s at Tls. 105 to 169, close stròng.
Local-The market is steady. but not much business has been done, and sales of 100 hales No. Its at Tls. 85 and of 100 bales No. 128 at Tls. 877 are reported.
PIECE GOODS.
nieans
Messrs. Noel, Murray & Co's. Report on the Shanghai Piece Goods Trade, dated Shanghai, 20th July 1905, states:-The two months probation which certain of the would-be leading spirits in China gave to the American People to consider the proposed new clauses in the Exclusion Act' having expired, and no satisfaction having so far been received, the question of taking energetic action is now to the fore. A mass meeting of upwards of 1,500 18presentatives of all classes of trade was held last night, and, although it was pretty unanimous that something should be done. it seemed difficult to decide where to draw the line, and the result was a by no unanimous resolution that no further orders should be given for products of the United States. A supplementary meeting is to be held at the Chinese Chamber of Commerce this afternoon, when possibly some feasible plan may devolved, but so far the Piece Goods dealers, at all events, do not seem inclined to commit them- selves to any comprehensive boycott, for the natural reason they do not wish to jeopardize their trade. The questions involved do not appear to have been properly thought out by the organisers of the meeting. On one of the most prominent of the Piece Goods dealers enquiring what he was expected to do with the goods he had on order, was told by the chairman not to
be
particularly, and what looked like a had ogg a short while ago is now full of promise.
MISCELLANEOUS EXPORTS.
Per steamer Hyson, sailed on 21st July. For Genoa:-25 cases staraniseed, 500 cases cassia. For Marseilles:-220 packages tea, 134 bales waste silk, 30 cases essential oil, 32 packages human hair, 50 cases gallnuts, 200 cases cassia, 215 bales bamboos. For Marseilles or Havre :- For Havre:-10 cases 10 cases essential oil.
For Bordeaux :--576 cassia, 500 rolls matting. rolls matting. For Liverpool:-84 packages ten, 220 hales waste silk. For Buenos Ayres :-785 packages tea. For London:-66 packages effects and sundries, 76 rolls matting, 200 bales waste silk, 45 cases bristles, 48 cases Rattanware, &c., 148 bales canes, 1849 packages firecrackers, 48 cases shell, 160 bags ore, 100 casks soy, 10 cases human hair, 50 casks preserves, 193 bales feathers. For Glasgow:-18 packages effects, &c., 100 casks ginger. For Manchester:-150 bales waste silk, For U. K., or Continent:-33 bales feathers, 205 bags ore, 7 cases human bair, 88 bales canes, 40 - bales feathers. For Amsterdam:-25 casks ginger. For Antwerp:-200 bales bamboos, 100 bales feathers.
Per M. M. steamer Tourane, sailed on 25th July, For Marseilles:-230 bales raw silk, 151 bales waste silk, 13 caser, silk piece goods, 345 packages tea, 50 packages human hair, 15 cases provisions, 6 cases curios, 14 cases ylang-ylang oil, 3 bales tobacco, 4 cases cigars, 14 cases sundries.
For Milan :-59 Lyons:-250 hales raw silk.
hales raw silk.
ON LONDON.-
EXCHANGE.
Telegraphic Transfer
For
FRIDAY, 28th Jaly.
.1/101
Bank Bills, on demand Bank Bills, at 30 days' sight
1/10/1
.1/10}
Bank Bills, at 4 months' sight
..1/1013
Credits, at 4 months' sight
.1/10/2
Documentary Bills, 4 months' sight 1/117.
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