218
COMMERCIAL.
TEA.
HANKOW, 13th September,-Business reported since the 6th inst., is as under :--
Settlements
1905.
-Cheats.
nil.
1904.
Chests.
nil.
4,914
THE HONGKONG WEEKLY PRESS AND
RICE.
HONGKONG, 22nd Sept.--The prices are going upward, holders being firm,
Saigon, Ordinary
Round, good quality Long...
Garden, White,
-$2.80 to $2.85
3.80 to 8.85 3.90 to 4.00
Siam, Field mill cleaned, No. 2 ...... 3.20 to 3.25
No. 1
...... 3.67 to 9.88 ..................................... 4.00 to 4.10 ................................................................ 4.25 to 4.30
"
Fine Cargo
OPIUM.
|
[September 23, 1905
Indian:-Have been in better request and sales aggregate 7,189 balos, prices showing on appreciation of 1 to 2 Taels and market clos ing strong. Estimated unsold stock 66,000 balos. Japanese. Have recovered from the late de- oline, settlements amounting to 2,000 bales on the basis of Tls. 94 to 1014 for No. 168, and Tls. 102} to 108 for No. 20s,
Local: Market firm, sales amounting to 6,000 bales on the basis of Tls. 90 for No. 14s and 'Ils. 911 for No. 203, delivory this year,
S'ments to S'hai (Nat. a/c) nil.
The following are statistics at date compared with the corresponding circular of last season,
viz., 14th September, 1904:-
HANKOW TEA.
Settlements
S'ments to S'hai (Nat. a/c) 11,323
Stock
**
Quotations are:-
1905.
1904.
Malwa New
HONGKONG, 21st September. Allow'ce net to 1 catty.
$1100 to
per picul.
-Chests
¡-Cheats.
Malwa Old
$1100 to
do.
435,191
579,851
Malwa Older
$1240 to
do.
13,739
Malya V. Old...
$1300
to
do.
42,762
14,834
Persian fine quality
...$1050 to
do.
Persian extra fine.
.$1140 to
do.
Arrivals
489,276
607,924
Patna New
Patna Old
1905.
1904.
KIUKIANG TEA.
-Cheats.
-Chests.
Benares New Benares Old
.$1000 to .$1037) to .$980 ..$10071 to
do.
to
do.
Settlements...
177,560
195,402
443
S'ments to S'hai (Nat. a/c) 3,401 Stock
+14
0,095
15,059 3,114
Arrivals
SILK.
187,659 213,575
CANTON, 9th September, 1905.-5th Crop.-So for the prospects as to the quantity of this drop are promising, but the quality is rather doubtful. Long-reels.-The sudden fluctu tions in Exchange and, to a certain extent, the repated interruptions of telegraphic communica- tions have been a hindrance to a large business; nevertheless a good many transactions have been booked during the earlier part of the fortnight; but at the close the tendency is weaker, some Merchants being anxious to realise. From sales made we quote: Fris. Wing Wo Lun 9/11, Wing King Lun 9/11, Yee Wo Loong 9,11 at $970; Luen Fat Cheong 10/12 at $945, Yuk Wo Bing 10/12 at 3040; Kam Lun 10/12 at $915; Tung Wo Hing 11/18 at $905; Loey Wo Cheong and Hing Lun 11/18-13,15/14/18 at $793; Yee Wo Hing 18/22 at 17:21. Short-reels have been again in favour with American buyers, but at irregular prices according to the crop and financial situation of the holders. Waste Silk has ruled irregularly. Some settlements were made early in the fort- night at easier prices, but latterly the advancing Exchange has put bayers out of the Market. Stock of silk in Canton: 400 Bales.
Messrs. A. R. Burkill & Son's Silk Circular, dated Shanghai, 7th September, 1905, stater: - The Home Markets are firm. Gold Kiling is quoted in London at 12/3 and in Lyon at Fes. 84.25. Raw Silk.-Demand for Tsatlees has been fair, but Holders are unwilling to go on except on a higher basis than buyers can pay, thus restricting business in this class of silk, Yellow Silks. Have again been in good demand, and prices paid show an upward tendeucy. Hand Filatures. A few settlements of low grade New Style Filatures are reported. Other descriptions are not much in demand. Steam Filatures. The news that Pance had been settled caused a smart drop in exchange, encouraging buyers to take about 1,000 bales, the greater portion going to America. Waste Silk.-A considerable business has been done Piculs 1,000 Curlies 1 have been sold at Tls. 75/751, Picule 500 Honan II at Tis. 27/271. There are buyers of Hankow Frisonets 60-30-10 at Tls. 251, holders asking Tls. 27. Kading Frisonets 1 have been sold to extent of Piculs 100 at Tls, 29.
SUGAR.
HONGKONG, 22nd September.-The prices are advancinge, there having been few arrivals. Shekloong, No. 1, White. $8.60 to $8.70 pels.
Do.
2. White...... 7.70 to 7.80. 1, Brown...... 6.80 to 9.90 2, Brown...... 6.50 to 6.60 No. 1, White.... 8.40 to 8.50
Do. Do.
Bwatow
Do.
"
2, White...... 7.70 to 7.80 1, Brown...... 6.80 to 6.90 2. Brown..... 6.50 to 6.60 -
"
11:0 to 11,30
Foochow Sugar Candy.........................12.50 to 1280
Shekloong
COAL.
per chest.
do.
Messrs. Hughes and Hough, in their Coul Report of Sept. 22nd, stite that 9 steamers are expected at Hongkong with a total of 32,700 tons of Japan coal, and 4,000 tons of Indian coal. Since Sept. 9th, 5 steamers have arrived with a total of 27,550 tons of coal. The market gener- ally rules very quiet. Quotations:-
Cardiff.... $15.00 $16.00 ex-ship, nominal Australian $11.00 $11.50 ex-ship, nominal Yubari Lump...$12.00 nominal. Miiki Lump .$1.10) nominal.
Moji Lump......$1.000 to $11.00 ex-ship, steady. Akaike Lump...$1,: 00 to $10.50 steady.
COTTON.
Honakowa, 22nd Sept.: Small business at a decline of $1. Stock about 3,000 bales.
Bombay.. Bengal (New), Rangoon
39
$20.00 to 22.00 per pcl.
21.00 to 21.00 and Dacca Shanghai and Japanese, 27.00 to 28.00 Tungchow and Niugpo, 27.00 to 28.00 Reported sales, 100 bales.
YARN.
+1
Mr. Eluljee, in his Report, dated Hongkong 22nd September, says :-The yarn market has steadily declined since last Report, and each successive sale has been at lower prices. During the early days of the interval some fairly large contracts were booked at prices ranging from $1 to $2 per bale under previous values, which has caused considerable anxiety to holders of old stocks, and rendered our quotations more
or less nominal. Stocks (43,000 bales) are by no means excessive, but, taking into considerati n the arrivals now coming forward against the off-take from the market, and the impatience of import- ers to realize, we are afraid that the present level of rates cannot be long maintained. The ten- dency of buyers is to await a lower range of prices, and the market at the close has again lapsed into a state of extreme quietude. The Bombay market is reported steady. Most of the mills having sold heavily as far forward as the beginning of next year, are now operating for further ahead, and we hear that contracts to the extent of 80,000 bales have been entered into for the China market, June-July delivery.
Local Manufacture:-The demand for locally spun thread is slack, but a fresh contract of 400 bales No. 103, at $111 is reported at close.
Japanese Yarn:-There is no movement in these spinnings whatever, and until prices in Japan considerably recede, we do not expect to see anything done.
Kaw Cotton Cotton is very weak, and with lower offers from the country prices have a down- ward tendency and no new business is practicable. There is nothing doing in China Ctton. Estim- ated stock 3,500 bales Bengal and 100 China kinds. Quotations are Indian $22 to $25, and China $24 to $26.
Exchange closes to-day at Rs. 144 for T/T and Rs. 145 for Post, on Shanghai 71 and on Yoko- hama 95.
The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 8th instant, viz:-
FIECE GOODS.
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai, 14th September, 1905, states:-Since our last Report there has been very little direct business, but no one need be surprised at this, as nearly every one connected with the Import trade has been fully occupied in arranging for the damage- done by the recent typhoon. The damaged cargoes are being realized at auction, but at this early date it is useless even to estimate the damage done. Owing to the large quantities being sold and still to be disposed of in this manner, all buyers, who can do so, prefer to leave sound cargo and occupy their time in picking up lots at auction to meet their requirements. From present appearances it will be some time before all the damaged Cargo will be worked off, and local demand in consequence will be only nominal. In the meantime the market can be described as steady, and there are symptoms of a revival in demand from the Northern markets.. The recent floods have caused an unexpected and irratating disruption of the trade in the shape of a stoppage of the Chinese Shipping Companies in forwarding goods to their various destinations. It appears that formerly it was customary. when shipping goods, that all responsibility, unless defined at the time of shipment, was taken entirely by the shipper. Now, however, the shipper has asked for & guarantee against all damage. This appears very 'unfair from a merchants point of view and would render them liable to all sorts of claims in shipping from Shanghai. In consequence of this clearances for the past week have been very small and are likely to continue so until some settle- ment of the dispute has been arrived at. The Manchester market is quoted easier, while Cotton in Liverpool is quoted quiet but steady at 5.49d. We have not heard of any news from New York. Piece Goods.-There is practically nothing doing and the small business reported is simply of a retail nature. It is said there are others in from the most important consuning markets, but the dealers here are not at all auxious to execute them under present circumstances,
MISCELLANEOUS IMPORTS. HONGKONG, 22nd September.-The prices ru lin are as follows:— COTTON YARN-
Bombay-Nos. 10 to 20, English-Nos. 16 to 24, 22 to 24, 28 to 32, 38 to 42,...
>
Reported sales 6,000 baler. COTTON PIECE GOODS-
Grey Shirtings-6 lbs. ...
7 lbs.
per bale
90.00 to $128.00 140.00 to 160.00 .160.00 to 185.00 167.50 to 175.00 180.00 to 190.00
per piece 2.20 to 2.25 2.30 to 2,40 8.4 lbs....... 3.00 to 4.00 9 to 10 lbs. ... 4.10 to 5,30. ** White Shirtings-54 to 56 rd. 2.80
68 to 60,,
23
3.10 to
3.00
to 3.60 64 to 66 3.80 to 5.40 Fine.... 6.10 to 8.CO Book-folds 5.30 to 8.10
»
"
""
Victoria Lawns-12 yards 0.80 to 1.00 T-Cloths-6lbs. (32 in.), Ord'y, 2.20 to 2.30
7lbs. (32
2.70 to 3.00 6lbs. (32 ), Mexs. 2.25 to 2.70 7lbs. (32,
2.90 to 3.20 8 to 8.4 oz., (36 in.)3,25 to 3.80 Drills, English--40 yds., 135.10 to 8.00
to 14 lbs.
FANCY COTTONS
"
Turkey Red Shirtings—13 to 1.80 to 8.85
Brocades-Dyed Chintzes-Assorted - Velvets-Black, 22 in, Velveteens-18 in. ......
8 lbs.
per yard 0.12 to 0.18 0.09 to 0.25 ...................... 0.32} to 045
(0.22) to: 0.25 - per dozen
Handkerchiefs-Imitation Silk 0,8) to
1,50
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