286
COMMERCIAL.
TEA.
since the 4th inst., is as under :-
Oopacks
1905.
Chests.
1,365 nil.
1904. -Chests. nil. nil.
HONGKONG WEEKLY PRESS AND
YARN.
Mr. Eduljee, in his Report, dated Hongkong, 20th October, saya-Business continues in the same dull, unsatisfactory state as previously HANKOW, 11th October.-Business reported mentioned, no signs of the long expected improve ment in demand being apparent, and the market is passing through a period of unusual depression. There is a wide difference between the ideas of Settlements
buyers and sellers, but the letter are weak and S'ments to S'hai (Nat. a/c)
would concede much to induce business. Dealers Consisting of the following Teas :-
have still a large quantity of goods on hand, with -Chests
which, together with the goods now arriving. 451 at Tls. 17.50 per picul. Increasing stocks, combined with the tightness of they are meeting their late country sales. 120 at Tls. 18.60 per picul. money amongst the natives, preclude the possibi- 267 at Tls. 17.75 per picul.lity of any improvement taking place in the near 517 at Tls. 22.00 per picul. future, and unless importations are checked, we The following are statistics at date compared are afraid a still lower range of values will be with the corresponding circular of last season,.
current. Total settlements of the fortnight viz., 12th October, 1904:——
aggregate 8,526 hales comprised mostly of No. 10s. Receipts (12,298 bales) have been comparatively small during the interval, but are still greatly in excess of the off-takes, and our stock (57,000 bales) shows a further increase on last estimate.
Latest telegrams from Bombay make that market very strong, as all the local Mills are now working shorter hours and production, in all probability, will be reduced.
Oonams Oоnfass Ichangs
HANKOW TEA.
Settlements...
1905.
-Chests
440,017
S'ments to S'hai (Nat. a/c) 18,252
Stook
46,671
Arrivals
499,940
1905.
KIUKIANG TEA.
-Chests.
Settlements...
177,880
S'ments to S'hai (Nat. a/c) Stock
9,779 nil.
Arrivals
SILK,
1904. -Chests. 583,841 34,604 3,000
621,445 1904. -Chests. 195,538 18,037
nil.
187,659 213,575
CANTON, 7th October, 1965.-6th Crop.-Is ex pected to be of a very good quality, but at present the reports as to the quantity are con- tradictory. Long-reels.- European buyers in general continue unable to pay the local prices for Steam Filatures, and only a dragging business has ensued. On the lower level now asked for "Natives,"
a comparatively fair number of transactions have been booked in 11/13-18/15-14/18. From sales made we quote: Fres. On Wo Hing 9/11, at $920; Kwong Shun Cheong 11/13, at $860 Petit le. ordre 18/15, at $840; Bon 2me. ordre 18/22, at 1760; Best 3me. ordre 11/13-13/15- 14/18, at from $750-$780; Bon 3me. ordre 11/18- 13/16-14/18, at $720. Short-reels-Have been neglected, and may be quoted slightly weaker at the close. Waste Silk-Has advanced largely under native speculation in the interior, where the bulk of stock is now held, while supplies in the hands of Canton Dealers are very light. Country prices are still very firm and, at present Exchange rates show a laying down coat much above the prices that Foreign buyers can pay. Stock of Silk in Canton: 1,600 bales.
OPIUM.
HONGKONG, 18th October. Quotations are:- Allow'ce net to 1 catty.
Malwa New
Malwa Old
Malwa Older
Malwa V. Old....
Persian fine quality ...$1150
per picul.
$1120 to $1200 to $1220 .$1230 to
do.
to
do.
Persian extra fine..
Patna Now
Patna-Old
Benares New
to $1200 to $1017 to .$1085 to .$999 to .$990 to
do.
da. do.
Benares Old
COAL.
do. do. do. per chest.
Messrs. Hughes and Hough, in their Coal Report of Oct. 20th, state that 15 steamers are expected at Hongkong with a total of 86,800 tons of coal. Since October, 6th, 11 steamers have arrived with a total of 39,600 tons of coal. The market generally rules much firmer. Quotations:-
$15.00 $16.00 ex-ship, nouinal ..$10.00 $11.00 ex-ship, nominal. Yubari Lump...$12.00 nominal. Miiki Lump ...$11.00 to $12.00 nominal. Moji Lump......$10.50 to $11.00 ex-ship steady. Akaike Lump...$10.50 to $11.00 steady.
Cardiff... Australian
ī
COTTON. HONGKONG, 20th October-No sales reported, market very quiet. Stook about 3,000 bales.
Bombay..
$19.00 to $20.00 per pel. Bengal (New), Bangoon 20.00 to 23.60
and Dacca
Shanghai and Japanese 25.00 to 28.00 Tungchow and Ningpo · ·25.00 to 2.800 -
"
Local Manufacture:-No business in reported. Japanese Yarn:-Continues quiet. Raw Cotton:-Despite small stocks and re- stricted arrivals Indian descriptions continue lifeless. In China kinds a sale of 75 bales Thoong- chow is reported at $26 to $25). Unsold stock Bengal 2,800 bales and China 400 bales. Quota tions are $20 to $23 Indian, and $24 to $26 China. Exchange on India has continued steady with slight fluctuations and closes to-day at Rs. 1454 and on Yokohama 95. for T/T and Rs. 145 for Post. On Shanghai 71
The undernoted business in imported and local spinnings is reported from Shanghai during the three weeks ended the 14th instant, viz:—
total business of the fortnight amounting to 6,179 Indian-Market dull and rates unsteady; bales with an estimated unsold stock of 75,000bales. sales reported being 3,000 bales on the basis of Japanese-Market firm and prices steady Tls. 93 to 100 for No. 168, and Tls. 102 to 108
for No. 20s.
and of 8,000 hales No. 163 at Tls. 94 are reported, Local-Sales of 3,000 bales No. 148 at Tls. 92 market closing firm and prices unaltered.
PIECE GOODS.
|
"
[October 21, 1905.
past week on which we have to report. To most Importers we are inclined to think it has been "rotten. Goods from stock it is almost im- possible to move, and orders for fresh business seem to have been the exception. It is true there is a superfluity of enquiry, and telegrams galore have been passing between this and the producing centres, but the resultant trade cannot have paid the expenses incurred in the majority of instances, The steady slumps in Cotton has not made much impression on the home markets so far, but there is no doubts quotations for staple goods are lower, though prices are very irregular, and orders for executed and vice versa, Regular Manchester cargo least expected to go through have been quotations recieved to-day are three half pence penny for 10-lbs. and four pence half-penny for lower for 8.4-lbs. Shirtings, three pence half- 12-lbs., with four pence reduction in Drills. This is of course the result of the fall in Cotton; the latest Liverpool quotation being 5.27d. for Mid-American and 74d. for Egyptian. In New York the last price for January was 9.75 cents. The drop was evidently anticipated by Spinners in Lancashire who for some time past have been buyers for this market has kept prices steady in buying from hand to mouth. The eagerness of New York, some recent transactions being report- ed at extravagant prices. The latest advices from our dependencies are far from exhilarating. Szechuen is still suffering from the effects of the recent floods there and is sending very few orders down. Hankow is as dull as can be, causing great anxiety to holders here of some of her specialities in Cloth. The Ports lower down the River have suffered from an over-abundance of water which will no doubt affect the Rice crops, so the outlook is not at all bright in those regions. The nearer markets must have got a plethora of amply supplied for some time to come. Newchwang damaged goods with which their wants will be
is full up for the moment, but doubtless she will take further considerable quantities before the and shipments thence during interval have been river closes. Tientsin is in much the same state small. The Yarn market is very quiet, which, Yangtsze markets, is no doubt affected by the apart from the generally depressed state of the large amount of flood damaged Yarns still
majority of the Mills finding it impossible to but the production is restricted owing to the hanging over it. Local Spinnings are doing well,
carry on night work successfully, Cotton is coming down and the Mills have been able to make some further satisfactory contracts.
MISCELLANEOUS EXPORTS.
For Aden:-750 bags sugar, 150 cases cassia, 52 Per steamer Bayern, sailed on 11th October.
rolls chinaware. For Port Said: - 5 cases tes, 1 case cigars. For Alexandretto:-1 roll matting. silk. For Genoa :-302 bales waste silk, 200 boxes For Naples :-925 half-chests tea, 1 bale waste cassia, 185 bales raw silk, 10 cases essential oil. 6 cases cassia, 25 casas bristles, 19 bales leaf tobacco. packages tea, 4 cases hemp. For Antwerp:-40:
19 bales feathers. For Antwerp or Hamburg :-50 cases bristles. For Antwerp or Hamburg or London:-12 cases bristles. Bremen or Hamburg:-134 half-chests tea. For For Antwerp_or
Amsterdam:-100 boxes cassia, 12 cases ginger, 6 cases chinaware. For Rotterdam :-40 half-chests tea. For Bremen:-296 half-cheste ten, 29 rolla
half-chests tea, 353 bales feathers, 80 cases essen- matting, 29 cases sundries. For Hamburg:- 470 tial oil, 74 rolls matting, 50 cases ginger; 25 casks ginger, 24 cases blackwoodware, 20 cases aundires, feathers, i crse palm leaf fans, 1 case grass cloth. 10 cases human hair, 4 cases chinaware, 3 cases For Copenhagen:-70 casks ginger, 25 half-cheats tea, 25 cases ginger, 5 casks ginger, 3 rolls Al-matting.
Shanghai Piece Goods Trade, dated Shanghai, Messrs, Noel, Murray & Co.'s Report on the 12th October, 1905, states: Autumn is now far advanced there are few signs Although the
of any revival in the trade demand and importers are beginning to look askance at their rapidly accumulating stocks. The fact is constantly be- ing borne in upon them that supplies are coming in faster than they go out, and the dread of heavy, excessive stocks to carry through tha winter is once more haunting them. And yet in spite of the enormous quantities that are under contract to arrive during the next nine or ten months some have the temerity to book further indents at extravagant prices for yet more distant delivery, reducing the trade to a simple gamble. It is not worthy that the leading firms are abstaining from this, and are actually di-couraging their principle buyers from doing likewise, and are thus striving to put the trade, once more, on a healthy footing, which it certainly is not now. The present state was no doubt caused by the speculative anticipatione as to what would take place when peace was declared, without properly considering the necessary delays country can resume its normal condition. and disappointments that must arise before the ready there are signs of grave complications that may delay the evacuation of the belligerent forces for months, if not years. The strong hint lately draw the main part of her forces beyond easy published that Russia does not intend to with- striking distance of recently contested territory must delay the withdrawal of the bulk of Japan's forces, if not entirely abrogate the peace pro- posals so far arranged. That she is jealously safeguarding her rights is seen by the frequent captures of blockade runners that have attempted to make the harbour of Vladivostock, so she is not likely to ratify the peace conditions without having so absolutely unassailable guarantees that what she has been fighting and draining her ex- chequers for shall be fully and thoroughly carried out. The question as to whether that stumbling block may arise, and so pat trade conditions back again, should be earnestly studied by importers, and by it their future operations should be governed But that is neither here-or there, and does not particularly concern the trade of the
"
#
$14.
.$20 · $180 $120
25
T
.$5
"
.
$96
HONGKONG, 20th October, 1905,
HONGKONG QUOTATIONS.
Apricot
.$24 to $26 Borax
.314 $17 Cassia
$19.75 Cloves... Camphor Cow Bezosr Fennel Seed Galangal.. Grapes... Kismis. Glue........ Olibanum
Oil Fandalwood.
Rosa
-
$155 $6
.$2° ;; $5
ע
$15
$20
.$18
$29
$24
# $27
.$4.
13.
$17.
.$200
$340
$59.
**
$150
14
Cassia
$154
Raisins
$12
Senna Leaves,
3814
$9
Fandalwood
$24
"
$11.50 to $12.50
Saltpetre...........
428
*
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