162
COMMERCIAL.
The Kobe Market Report, published under the direction of the Hiogo and Osaka General Cham- ber of Commerce, dated (Kobe) Hingo, 16th Angust, 1905, has the following:-
IMPORTS.
Cotton. -American.-The market has varied but li tle during the past fortnight, and there is the forward business to chronicle, notwithstanding the fact that quotations appear to be compara- Lively low, as comparel with the somewhat unfavourable crop prospects. Business in spot cargo, likewise, rem iins dull. Quotatio:s are:- Y30 50 to Y30 75 for Middling, cash. Indian, Owing to heavy stocks which still remain in the hands of spinners and in the market, both forward and spot business is suffering, and the market, on the whole, is in a very stagnant condition. Quotations at the close are as follows:-Broach, Y28.00, Akola Khamguan, Y21.50 to Y22.00; Bengal, Y20.75 to Y21.25 Chinese.-The new crop is anticipated to he very good, and a few fixtures are reported on a small scale at following rates:Best quality, Y26.50; Common quality, Y24.50. Shirtings-Greys.-Firm with rising tendency. White.-Prices somewhat lower, the summer season having passed and dealers' wants being supplied. Cotton Goods and Fancies.- Velvete. No change worth noting. Prints. Merchants are making excellent profits autumn arrivals. Lawns. Somewhat out of
00
THE HONGKONG WEEKLY PRES3 ANI
Straw Braid.-There have been more enquiries generally since last report, and prices have con- tinued firm. The demand for Chip Braids has been larger and buyers have been willing to pay the increased prices asked. Recent quotations are well maintained.-Matting.-The Rush crop is reported damaged by the recent rains and in Prices have Consequence the yield will be small. further advanced, aud cargo is scarvę.
The Yokohama Prices Current and. Market Board of Trade, dated Yokohama. August 15th, Report, published by the Yokohama Foreigu
1903, has the following:-
:--་
IMPORTS,
[September 4, 1905.
RICE.
HONGKONG. 1-t September. Good harvests having he reap), thi downward tendancy continues. Saigon. Ordinary
+
+
Round, good quality Long...
Siam. Field mill cleaned, No. 2
Garden.
11
White,
Fine Cargo
No.
.$2.35 to $2.40
3.60 to 3.65
3.65 to 3.70
2.00 to 2.65
3.00 to 3 05
3.80 to 3.85
3.95 to 400
OPIUM.
Hosakona, 2nd September-
Quotations are:- Allow'ce net to 1 catty,
Malwa New Malwa Old Malwa Older Malwa V. Old....
་་་་
..$1100 to
per picnl..
$1190 to
ðx.
..$1270
to
do.
$1340
to
do.
to
do.
to
do.
81115 to $1090
..$1050
per chest.
to
do.
to
15.
to
do.
Yarns:-No fresh transactions to report in this market. Shirtings.-Some enquires for Greys- forward shipment, but generally speaking there | is nothing doing of any moment, Buyers display | Persian fiue quality....$1050 great caution at the present time: the question of Persian extra fine......$1120 peace or war, the high prices, an-l the long Patna New delivery demanded by the Lancashire markets, Patna Old are all factors in the situation. Fancy Cottons Benares New and Woollens. Buyers are waiting for peace nows. Benares Old Wotals. There is no change in the market, and few transactions are reported. Kerosene.- Market dull and unchanged since last report.
sumber The abnormally cool
and Sugar. abundant rainfall, so far, have retarded th setting in of the usual demand at this season of the year, and the market has continued to be inactive with no improvement in quotations. At the auction of the Tokyo Refinery on August 6, there were only 1,900 bags sold, prices remaining identical with those of the previous occasion. Indigo.-A fair demand exists for stock lots.
EXPORTS,
season, but selling gradually at fair rates. Cotton, Italians.--Market strong; plain finish doing better than silk, as the latter is in proportionately larger supply. Worsteds and Woollens. -De- liveries are good. A few lines have been put through for next summer but at close figures. Dealers have not yet realized that they have to Raw Silk. During the first week of the current pay more than they did last year. Window month a large business was done, principally for Glass.-Market good at present for spot cargo; America, and resulting in a general advance of large shipments eu route, expected to arrive at from yen 15 to yen 20 for all grades. A notable the same time, will probably cause a relapse. fact is, that business for Europe'is pratically at a Metals.-Inquiries for both spot and forward are, standstill owing to the high prices ruling here, generally speaking, very scarce. Pig-iron,--Spot and export to the Continent has, so far, only argo plentiful an moving very slowly. For- reached 1,011 bales, as against 3,414 bales during ward business is at present impracticable, as th same period of last season. Arrivals from dealers will not meet home quotations. Bar-iron. the interior continue to he very limited, and At the close -A litt e business doing. Tin Plates. -Spot assist in maintaining price hare.
our market is quiet but steady at the quotations cargo very large and moving on a very small scale. No inquiries for forward. Chemicals. Bicar- | given below. Waste Silk and Cocoon.-Market hon ife of Soda.-Is still in the same condition as very quiet, foreign buyers finding prsent rates too last repor el. Alkali.-Firm, owing to the short-high. Settlements.-piculs, viz Noshi,-picula; ness of cargo caused by inconvenience of forward- Kibis,--picule; Sundries,-piculs; Pierced Co- ing from Kobe to Osaka. Caustic Soda.-Large coons,-picula. Present stock is estimated at stocks, very weak. Sugar.-Hongkong Refined. -Market very dull. In the absence of demand Best-A prices have declined 25 sen all round.
German lightly better feeling is observed. Crystals are nominally 50 cents per picul higher, but there are apparently no stocks left. same remark applies to Hungariau Crystals. Osaka Refined.--At an Auction held on the 5th inst., 4,80 bags were offered for sale, but owing to the fai ure of buyers to bid up to the limits, only 500 bags were sold; the remainder being withdrawn. Rice. Market firm with upward tendency, but no transactions have taken place at: present prices. The large stocks are slowly decreasing anl the market shows signs of improvement in view of the rising quotations of domestic rice. Kerosene.-Coutinues very dull. Prices remain unchanged.
.-
EXPORTS.
The
Tea.-Market dall, supplies of desirable teas very scarce. Settlements since last issue 3,000 piouls, mating 69,000 piculs to date against 92,600 piculs at same date last year.
Fish Oil.-In the interim the market has fur- ther declined to Y4.25 per picul, at which price some 5,000 cases are reported to hive changed | hands. For further deliveries prices have advanced to Y4.50 per picul. Copper.- No fresh transactions to report yet, everything lar ing been sold out three to four months ahead Tendency remains firm and quotations unchanged. Rice.-A long spell of wet and cool weather is endangering the young Zice plants, and quotations are consequently rising steadily. Export Busi|
ness is at a standstill
Cotton Yarns.-Dealers show little inclination to operate and business is almost at a stand-till, though some few hundred bales of 18's have changed hands at lower prices. Vegetable Wax.-Market firm and prices have farther advanced to Y28.00 per picul for August to September delivery. The wet weather is seriously interfering with bleaching and little is obtainable at present for prompt sh'pment.
6,790 piculs, viz:-Noshi, 2,700 pie als; Kibiso 3,800 piculs; Sundries, 150 piculs; Pierced Cocoons, 110) pieuls. Tea.-Settlements very moderate, but prices show a tendency to advance for any Teas exhibiting rather better quality, Total settlements from May 1st to August 15th amount to 101,000 picula, against 156,000 picul at the corresponding date last year,
Quatations:-
Common Good Common Medium
V.18 to 21
1.23 to 24
Y.25 to 29
Good Medium Fine
Y.30 to 32
Y.33 to 37
Y.38 to 42
Y.43 to 50
Finest.
Choice Choicest..
Nominal
Y.51 & upwards...
GENERAL EXPORTS.
Fish Oil-Fair transactions have taken place since last Report at gradually advancing prices, but the market has relapso into its former quietness owing to unfavourable reports from the
abroad. Copper-Nothing fresh markets report.
:
SUGAR.
tu
HONGKONG, 1st September.-There is no change in the quotation of the market. Shekloong, No. 1. White.....38.50 to $8.60 pels,
2. White.. 7.20 to 7.30 1. Brown...... 6.90 to 7.00 2. Brown...... 670 to 6.800 No. 1, White
Do.
Do.
Do.
Swatow,
8.80 to
8.90
Do.
11
2, White 7.50 to
7.60
Do.
要号
Dg.
1. Brown ..... 6.50 to 6.60
2. Brown
Foochow Sugar Canly. Shekloong
6.30 to 6.40
11.50 to 11 60 12.80 to 12.90
11
**
**
PIECE GOOD3.
Messrs. Noel, Murray & Co.'s Report on the. Shanghai Piece Goods Trade, dated Shanghai, 24th August, 1905, states:Ponding the result of the Peace negotiations, which are now going on between Russia and Japan, and about which there are very divergent opinions, not to mention the Boycott agitation, which goes on here unabated and consequently grows more and more compli- cated every day, our market remains in a state of. utter stagnation. So soon as Peace is proclaime no doubt there will be a tremendous demand for
We were
goods for Manchuria; but it seeing practically im- possible for Russia, even though it is perhaps the best thing she can do under the circumstances, to accede to the terms of Japan while she has actually in the field an army of fully half a million of men. The conditions for supplying that Army are al- west precisely the same as they were when the War began, so it is not easy to see how a retreat can be experted, at all events bef -re another bat- tle has been fought. As regards the Boycott no effective steps have been taken by th; Native Authorities. h re is vet to check this movement, although assuran es have been given to the Con- sular holy that such would be done. wrong last week in stating that a letter had been addressed to the Chamber of Commerce by the Chinese Chamber. It was really from the Pioce Goods Hongs, but as it bore no signatures a nothing coull be done until the names of those reply was sent to the Secretary of the Guild that it purported to come from were sent in, bat nothing further has been received. Meanwhile the stringency caused by this sudden stop- page of the circulation of a large proportion of the tra le is reflected on the whole, and the situa- tion is becoming decidedly strained and une ›m- fortable. It makes it all the harder when it is known that only parts of the Country are thus affected. The hot weather is over, at anunusually early date it is true, and rather unfavourable con ditions for Cotton crops are now prevailing, the heavy rains destroying a largo proportion of the blossoms b fore the bolls are formed. The Natives are inclined to make as much of this as possible. naturally-the same thing happens in other parts of the world, but from personal observation we are inclined to think very littls damage has been done so far, and the weather looks more promising now. There is still a little movement from second hand sellers, which manages to keep fairly sati-factory, but so different to what they might have beon. Although it is said goods have not moved away. from Newchwang with any great freedom, as the Japanese are doing all they can to prevent sup- plies of any kind re.ching the Russian lines, buyers for that market have fill d orders, fully 2,000 bales American goods during the interval, There is a and prices are being well maintained. momentary lull in the Tientsin demand, but no- thing of any importance. The steamer agents are experiencing a little more enquiry for Piece goods in the River bat, but Importers here have had In fact no encouraging news of those markets. Szechuen is suffering from the effect of floods, and once more "China's sorr›w is causing troubl› and anxiety in that way, though so far no details have come to hand. The course of Exchange dur- ing the week, guided by the pries of Silver, haa been upwards, the cause for the rise in the white metal being a fruitful subject for debate, some
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