202
COMMERCIAL.
The Yokohama Prices Current and Market Report, published by the Yokohama Foreign Board of Trade, dated Yokohama, August 30th, 1905, has the following :-
IMFORTS.
Yarns. No sales or contracts reported. Shirt- inga-A few good contracts have been done both in Whites and Greys for arrival next year, but the trade is by no means general, and some buyers are awaiting developments. The political outlook, the pending rice crop, and condition of markets, both here and in Europe, all induce great caution at the present time. Fancy Cottons and Woollens.-There is no disposition to buy in view of the uncertainty in regard to the Peace Con- ference and the rice crop. Metals.-The market is inactive. Kerosene. The market is dull and unsettled. Sugar.-The market has ruled weaker with a decline in prices, and no improvement in the immediate. future is looked for. At the suction of the Tokyo Refinery, on the 26th inst., there were 4,800 bags sold at a decline of 19 tɔ 89 sen per pioul. Indigo. No change to note. Market steady.
Ja
EXPORTS.
Baw Silk-Although daily transactions have been comparatively small, our market has ad- vanced steadily, and an advance of Yen 40 to Yen 50 has to be recorded for all full sized Silks, whilst fine sizes have only advanced about Yen 20 to Yen 25. The continued bad weather has undoubtedly damaged the crop very much, and the general opinion is at the present moment that only about 75,000 bales will be available for export during the current season. At the close our market continues active, and quotations must be considered more or less nominal.
Waste silk and Cocoons.-Market unchanged since last report. Settlements 120 picula, vix: Noshi, picul, Kibieo, 120 piculs; Sundries picals; pierced cocoons,-piculs. Present stock is estimated at 10,800 picule, viz--Noshi 5.000 picula: Kibiso, 4,700 piculs; Sundries, 500 pícnls; Pierced Cocoons, 100 piculs,
Tea. Since our last report, settlements have been extremely light, and very little interest is shown in any grade. Stocks are coming down in small quantities only, and it looks as if they were about exhausted. In spite of the almost nominal demand, such parcels as are shown are very firmly held, and the n arket may be said to be from Yen 1.50 to 2.50 per picul higher. Total settlements from May 1st to August 29th amount to 104,000 piculs, against 164,000 piculs at the corresponding date last year.
TEA.
THE HONGKONG WEEKLY PRESS AND
HANKOW, 6th September,-Business reported since the 30th ulto., is as under:-
1905. -Chests. Settlements
3,495 S'ments to S'hai (Nat, a/c) 1,028 Consisting of the following Teas :-
Ningchows Oopacks
Oonams 'Oonfaas Beang-tams Ichange
515 at Tls. 11.00
.1904.
-Chests.
nil. 1,375
12,00
413 at Tis. 13.00
14.00
995 at Tls. 12.76
15,00
11.00
1
479 at Tls. 10.90 979 at Tls. 23.25 The following are statistics at date compared with the corresponding circular of last season, viz., 7th September, 1904:---
HANKOW TEA. Settlements
S'ments to S'hai (Nat. a/c) 11,323 Stock
1903. -Chests
435,191
38,217
1904. -Chests. 579,351 9,835 13,000
Arrivals
479,731
602,252
1905.
1904.
KIURIANG TEA,
-Chosts.
Cheats,
Settlements...
Arrivals
195,402 S'ments to S'hai (Nat. a/c) 3,401 14,059 Stock
6,895 4,114
187,659 213,575
177,560
SILK.
I
this
[September 18, 1905.
are quite on the cards. Even the very existence of the place itself may be jeopardised, considering the enormous weight in buildings, and their contents, that is being crowded on to a small ares of alluvial soil. The question of liability is just now the all absorbing topic, and a General Meeting of the Chamber of Commerce is convened for -Chests
this afternoon to endeavour to come to some agree« 114 at Tls. 19.00 per picul, ment--there being a great diversity of opinion. At the Chamber of Commerce Meeting held afternoon A proposition was brought forward that a test case should be instituted to determine the liability or not of the Public Wharves for the damage to goods stored in their Committee declining to father any such case. Godowns by the floods, but fell through on the Eventually it was decided to appoint a Committee to determine the liability. between buyers and sellers, so that all losses be settled on the same basis.
Meanwhile trade is at a standstill. Buyers, anticipating that a large quantity of damaged cargo will be thrown on the market, are holding off, and clearances are suspended as the Shipping Hongs decline to handle any cargo without a guarantee from the shippers holding them free from all consequences if the goods tură out damaged. In compliance with an Imperial decree the boycott on American goods has been practically raised, and but for this question of damage they would be moving much more freely. The excitement caused by the peace news has quite subsided now. Large orders for goods were supposed to have come from Newchwang, but sverything has been upset by the typhoon, and shipments are in abeyance. Naturally no further facilities for trading with the north can be available until peace is ratified, which means practically another two months. The Manchester market is reported quiet and unchanged. The usual bi-weekly telegram quoted the Liverpool prices for Cotton 5.80d. for Mid- American and 7.1d. for Egyptian, but from private advices received this morning quotations have dropped to 5.69d, and 7d. respectively. The export from Lancashire last month of Plain Cotton amounted in the aggregate to 43,000,000 yards to Hongkong and China, and 2,200 bales of Yarn to Shanghai. Piece Goods. With the exception of the usual miscellaneous small indents for specialities forward business is at a standstill. The same may be said of transactions in hard cargo from first hands, with exception of the regular auction goods. Exchange has been a little steadier, the effect of peace on the silver market being rather uncertain apparently. New of serious floods in Szechuen have come in, and if the telegraphic advice of the height of the Yang- taze in that Province is correct much greater disasters than have already occurred are likely. to result, and thus further impede the Hankow trade. The River Ports appear to have escaped with but little damage, but Ningpo and district have suffered considerably from the typhoon. Yarns are in the same fix as piece goods; and but for a strong demand from Newchwang would have been as much neglected. The buying for the North, however, appears to have strengthened the market considerably. The typhoon has naturally caused a good deal of damage to the Cotton crop, but just how much it is difficult to say as yet. It is said forward contracts have been made for Newchwang at Tis. 29.00.
Messrs. A. R. Burkill & Sons' Silk Circular, dated:-Shanghai 31st August. 1905, states:-The Home Markets are firm. Gold Kiling is quoted in London at 12-13, and in Lyons at Fe. 31. Raw Silk-Through the week Taatlees have been booked in small lots at unchanged rates. Yellow Silk.-Settlement since our last circular amount to about B09 bales, buyers confining them- selves to Mienyanga and Mienchews. Hand Filatures. Further purchases of Crack Chops amounting to 600 bales have been made for New York, on the basis of Tls. 760-770 for M. H. Y. Blue Dragon Extra. There are now no sellers at this price. Steam Filatures.-A few parcela have been taken in fine sizes for Lyons at nominal prices. We estimate that Steam Filatures already contracted for amount to 4500-5000 bales, or rather more than half this season's output. Waste Silk.-Business has been on a small scale
Curlies I have been hooked at Tls.75. In Friso nets there are no buyers at the rates demanded, home ideas being much lower, but lower Exchange may make business possible. Tussah Waste is in fair supply, but there are no buyers.
OPIUM,
per picul.
HONGKONG, 16th September. Quotations are:- Allow'ce net to 1 catty. Malwa New Malwa Old Malwa Older
Malwa V. Old... Persian fine quality ...$1050 Persian extra fine..
Patna New Patna Old Benares New Benares Old
.$1100 to
$1190 to
do.
$1240 to
do.
.$1300 to
to
do. do.
$1120 to .$1010 to .$1050 to $990 to $1025 to
do.. per chest.
do.
19.
J
do.
PIECE GOODS.
Messrs. Welch, Lewis & Co.'s circular, dated
• Shanghai, 4th September, 1905, state:-Black Tea-The small transactions on this market call for no comment. The actual stock in Shanghai is said to be about 9,000 half-chests. Settlements since the 21st ult. :-Ningehow 3,284 half-chests at Tls. 141-281 per picul. Green Teas. Ping- sueys. There is very little change to report in this market. A moderate business has been done at about previous prices and Teamen are firm, especially for teas with faily pure infusions: Country Teas. The eagerness to secure "ohoice" chops of Moyuné and Tienkai continues unabated, and the difficulty with the Teamen at present is not so much a question of price, but of how to Messrs. Noel, Murray & Co.'s Report on the avoid offending some of the buyers who are Shanghai Piece Goods Trade, dated Shanghai, clamoring for the pick of the crop, prices for 7th September, 1905, states:-The interval under this quality have advanced Tls. 2-3 per picul review will be notable for a time on account of during the interval. Medium quality teas are in the Typhoon which unfortunately struck Shang- demand and prices are steady, lower qualities are hai on the night of the 1st instant. As a storm also wanted at previous rates. Local Packs and it was nothing very remarkable, but in combination Wenchows.Late arrivals are poor quality, but with the highest spring tides of the year, ex- Teamen are strong holders, owing to the expected ceptionally high water in the Yangtsse, and the shortage of 22,000 half-chests. Hysons-During wind from the N. E. blowing into the mouth of the interval a strong demand sprangup for "good" the River, it resulted in the most disastrous flood quality Teas and prices advanced Tls. 3-4 per in the memory of the oldest resident, to use a picul. Medium teas remain unchanged with only hackneyed expression. Of the wharves on either a small business passing, common quality has side of the River, as well as the private godowns declined Tis. 1-2 per picul. Foong Mees. Only in the settlement, very few came off scot free, a small business has been done at previous rates. also new buildings of not more than a couple of Sou Mees continue in good demand, prices are years standing, and which were constructed so that strong, and some settlements show an advance. the floors would be well above the highest flood line. Total settlements since 21st ult. -24,945 half. This disaster strongly emphasizes the importance chests. Total settlements since opening of of the clause in the Markey Treaty concerning market to date:—128,495 half-chests, against Conservancy of the Whangpoo River. The now 171,801 half-cheste last year; stock, 38,781 half-bundings that are being constructed promiscuous- chests, against 64,227 half-chests last year. Settlements of Hyson and Young Hyson since opening of the market to date-Arrivals 104,694 half-chests, Settlements 83,658 half-chests, Stock 21,038 half-chests.
ly by private enterprise in various localities on the banks of the River are undoubtedly affecting its current, and unless some properly concerted scheme to deal with its whole course is promptly put in hand floods, and even worse disasters,
MISCELLANEOUS IMPORTS.
HONGKONG, 8th September.-The prices ruling are as follows:- COTTON YARN-
-per bale Bombay-Nos. 10. to 20, ...$90.00 to $128.00 English-Nos. 16 to 24,
JJ
22 to 24, 28 to 32, 88 to 42,
140.00 to 180.00 160.00 to 185.00 167.50 to 175.00 180.00 to 190.00
3+
Reported sales 15,000 bales. COTTON PIECE GOODS
་
per piece Grey Shirtings-6 lbs. ......... 2.20 to 2.25
7 lbs.
8.4 lbs.
23
2.30 to 2.40 8:00 to 4.00 ́ 9 to 10 lbs. ... 4.10 to 5,30 White Shirtings-54 to 56 rd. 2.80 to 8,00
58 to 60 3.10 to 8.60* 64 to 66 8.80 to 5.40 Fine..... 6.10 to 8.00 Book-folds 6.80 - tà - 8.10 9 Victoria Lawns—12 yards ... 0.80 to. 1.00- T-Cloths-6lbs. (32 in.), Ord'y, 2.20 to 2.30 7lbs. (82,,), £ 2.70 to 8.00 6lbs. (32,,), Mexs. 2.25 to 2.70 7lbs. (82 „ ),
2.90 to 8.20, 8 to 8.4 oz., (36 in,)3.25 to 8.80 Drills, English-40 yds., 135.10 to 8.00-
14
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