!
394
COMMERCIAL.
SUGAR. HONGKONG, 30th Nov.,-The downward tenden- cy continues, business being dull. Shekloong, No. 1, White .$8.85 to $8.90 pel.
2. White...... 7.35 to
Do.
Do.
Swatow,
No. 1, White...... 8.45 to
Do.
7.40
"
"
11
1, Brown...... 6.55 to
6.70
+1
J1
2, Brown...... 5.95 to
6.00
""
8.50
"1
Do. Do. Do.
J
2, White...... 7.25 to
7.30
32
29
1, Brown...
"
2, Brown
6.30 to 6.35 6.75 to 5.80
"}
31
Foochow Sugar Candy.........11.00 to 11.05 Shekloong
.10.05 to 10,10 "
RICE. Messrs. Wm. G. Hale & Co.'s Circular, dated Saigon 17th November, 1905, states :-Stocks of old crop are almost exhausted, and we may now as well not talk any more about it, as what is left of it-with the exception of 3/4,000 tons which are strongly held and for which high prices are demanded—is of a very inferior grade and unfit for export as white rice. As for our new crop we have every reason to believe now that it will turn out to be a good one. Some transactions have already been concluded for March to April ship The last week has been very quiet, business having been paray sled by exchange advancing.
ment.
We quote for November delivery.
No. 2 White sifted (trié) steam milled
(round)
No. 2 White unsifted (ordinaire) steam
milled (round)..
5% Cargo steam milled (round)
10% Cargo steam milled (round)
20% Cargo steam milled (round)
per picul
*
HONGKONG WEEKLY PRESS AND
3,350 bales Indian and 800 bales China. Quota- tions are Bengal $20 to $23 and China $23 to $25). Exchange on India shows another advance of 3 points during the interval and closes strong to-day at Rs. 155 for T/T and Ra. 155 for Post. On Shanghai 71 and on Yokohama 1014.
The undernoted business in imported and local spinnings reported from Shanghai during the fortnight ended the 25th ultimo, viz:-
Indian-Market stagnant, deinand desultory, and prices weak and irregular, in some cases showing a decline of 4 to 5 taels. Total sales 3,518 bales and estimated unsold stock 80,000 bales.
Japanese:-Somewhat weaker, but in steady demand. Sales 1,500 bales on the basis of Tls. 901 to 97 for No. 168 and Tls. 100 to $105 for No. 20s.
Local:-No fresh business is reported, the Mills having sold well forward.
PIECE GOODS.
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai, 23rd November, 1905, states:-Very meagre and for the most part conflicting accounts have come in of the recent rioting and pillage at Vladivo- it is improbable the real truth will ever be allow- stock. Everything appears to be quiet now, and ed to leak out. the Chinese quarters had escaped, a big claim is In spite of the assurance that reported to have been preferred against the Russian Government for damage done to native property there, so it is difficult to know what to think or believe. It looks more and more certain that a long time must elapse before the evacua- tion of Manchuria is completed, and until that is actually consummated there will always be that element of danger, and a standing menace to the peace and good order of the country. A very notable and welcome feature of this week has been the formal opening of the first section of the Shanghai-Nanking Railway, The builders are pushing it on rapidly and well, and it should not be many months now before Soochow is reached. Trade continues in an absolutely moribund con- dition. There is nothing doing in spot cargo, clearances are almost at a standstill, and forward transactions are the exception, not the rule, and on the veriest retail scale. It is becoming more and more evident every day that the trade has per chest. been vastly overdone. For the past few years
$3.40 83.10 $3.00 $2.90
Prices according to terms and conditions.
OPIUM.
HONGKONG, 30th November.
Quotations are:- Allow'ce net to 1 catty.
per pical.
do.
Malwa New
.$1020
to
Malwa Old
$1050 to
do.
Malwa Older
$1100 to
do.
Malwa V. Old...
.$1180 to
do.
Persian fine quality ...$1150
to
Persian extra fine.
$1200
Patna New
.$982
Patna Old
to to .$910 to
Benares New
.8910
Benares Old
.$895
to to
COAL.
do.
do.
do. do.
Messrs. Hughes and Hough, in their Coal Report of Nov. 30th, state that 20 steamers are expected at Hongkong with a total of 68,800 tons of coal. Since November 17th 13 steamer: havearrived with a total of 52,300 tons of coal. Quotations:-
Cardiff.
$15.00 $16.00 ex-ship, nouinal. Australian ..$10.00 $11.00 ex-ship, steady. Yubari Lump...$12.00 nominal. Miiki Lamp ...$11.00 to $12.00 steady. Moji Lump.....$10.00 to $11.00 ex-ship steady. Akaike Lump...$10.50 to $10.75 steady Bengal...... $ 8.75 to $ 9.25 steady.
YARN.
the Piece Goods Trade in China has been run altogether on speculative lines, and for a time it The rapid has certainly paid the operators. developments they were looking for and antici- pating here failed to come about however. Consumption has not increased to the extent expected and the consequence is a greatly over- stocked market here and glutted markets in the interior. In addition exchange has misled the large majority, and the financial situation is critical in the extreme, so much so that a sudden
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panic would have most disastrous results. Foreign firms have allowed themselves to be quite led astray by the sanguineness of the native oper- ators, and have been only too willing to book orders, though for the most part not buying for their own account. Although a good proportion of the exchange against forward contracts may have been settled on a lower basis there are always some who take current rates, and these Mr. Eduljee, in his Report, dated Hongkong are now in a position to undersell their competi- 1st December, says: The return of demand tors. Thus the market will become complicated appears to be as far off as ever, and what with and irregular, and the situation fraught with increasing stocks, continued dullness of Shanghai, danger. There is fortunately one safety valve tightness of money amongst the natives, and that looks as though it might be of some effective impatience of holders to realize in a rising use, and that is the price of cotton. It was with exchange, the market is passing through a period some concern that holders of cotton goods here of intense depression. In previous years a good have watched the declining tendency, the public demand has followed closely on the completion telegram yesterday giving the Liverpool quotation of harvesting, but this year it is entirely absent; as 5.78d for Mid. American. For some reason, not and on comparing the off-takes at even date for explained as yet, the New York market advanced the last year we find that the number of bales
to 11.81 gold for July, a sudden rise of sixty now going into consumption is abort half the points. Liverpool as once responded, and private quantity previously taken. Values show a depre-wires to-day advise an immediate jump to 6.08d. ciation of $2 to $5 per bale and further heavy The market is excited, and business in Manchester drop in prices was generally expected. At the is at a standstill. Prices there have kept very close the boom in American cotton, recently firm, although the public telegrams continue to wired by Reuter, has had the effect of rallying put the quotations for staple makes up and down the market by restoring confidence amongst both with price of the raw material. In one instance importers and dealers, and we hope to be able to mentioned to us to-day a certain white shirting make a comparatively better report next mail. was quoted two shillings over its September Bombay is reported steady.
offering price, and for May, June, July delivery. Egyptian Cotton was reported down to 8id, but may be affected by the advance in the American staple. Piece Goods.-The market remains in the same state as described last week. If any re-sales have taken place they are too small or un- important to be noticed. A few three-yard and 34 yard drills have been taken from second hands for Hankow at a decline of three mace per piece. At the Ewo Auction yesterday prices were in favour of the buyers throughout, as might have
Sales during the fortnight aggregate 3,925 bales, arrivals 9,799 bales, and estimated unsold stock 80,000 bales.
Local Manufacture: -Continues quiet. Japanese Yarn:-No business is reported.
Raw Cotton--A drop of $1 per picnl in prices has induced a small business in Indian descrip- tions. Sales 395 bales superfine Bengals at $22 to $224. In China kinds sales of 250 bales Thoongchow at $24) are reported. Unsold stock
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I
[December of 1905.
been expected with the rising exchange, and the wonder is they were not more so-one chop of 121b. Grey Shirtings and one chop of heavy White Shirtings being the only ones that declin- ed over a mace. An attempt to hold the Yuen Fong sale was again a failure, as far as the cotton goods were concerned, the woollens being more or less sacrificed to outsiders in order to try and start the ball rolling. We understand an endeav- our will be made again to-morrow. A few small indents for dyed and printed fancy goods re- present all that has been done in the private inarket.
MISCELLANEOUS EXPORTS.
Por steamer Calchas, sailed on 21st November, For Odessa:-100 bales galangal, 100 cases aniseed. For Genoa-107 bales canes, 230 packages mer- chandise. For Marseilles:-40 bales canes, 75 bales human hair, 100 cases cassia. For Mar- seilles or Havre :-455 rolls matting, 360 bales canes, 125 bales cassia, 250 cases cassia. For Bordeaux:-362 rolls matting. For Liverpool :- 118 packages sundries.
Per P. & O. steamer Sunda, sailed on 24th Nov. For Liverpool:-660 bales hemp. For Glasgow:- 12 cases chinaware. For Marseilles :-150 bales hemp, 2 cases hats, 3 bales saguran. For Gibral- (ar:-1 case curios. For London:-1,349 bales woodware, 62 cases chinaware, 40 rolls mats, 3 hemp. 151 bales capes, 2 cases silks, 34 cases
cases curios, &c., 188 packages tea, 23 boxes camphor, 125 casks preserves, 8 cases empty iron
flasks.
Per M. M. Co's steamer Tourane, sailed on 28th November. For Marseilles-160 bales raw silk, 600 bales waste silk, 6 cases silk piece goods, 29 packages human hair. 50 cases staraniseed, 6 cases ylang ylang oil, 3 cases hats, 1 case cigars, 8 packages sundries. For Lyons:--331 bales raw silk. For Milan :- 10 bales raw silk. For Valen- cia:-38 packages toa. For Constantinople:-30 bales waste silk. For Diego Suarez-il cases provisions.
SHARE REPORTS.
HONGKONG, 1st December, 1905.- Although we have no improvement to report in rates, a slightly better tone has been apparent in the market during the week under review. Au impression seems to be gaining ground, among
holders of stocks, that the recent steady rise in sterling exchange is not merely a flash in the pan, but has come to stay, at any rate for some time, The hasty rush to realize stocks for the sake of remitting money home has consequently been, to a certain extent, checked, and holders seem to be more content to wait for a better opportunity of realizing than the present. affords. Ex. on London T.T. 2/1.
BANKS.-Hongkong and Shanghais, with shares still in the market and no buyers, have failed to maintain their position and sales have been effected at $875, at which a few odd lots have changed hands. A small demand at that rate however exists at time of closing without meeting with a response. Nationals unchanged and without business.
MARINE INSURANCES.—Unions are procur. able in small lots at $750, but without sales: In Cantons we have nothing to report. China Traders have been placed during the week at $88, $984 and 889, closing firm at the last rate. North Chinas have ruled quiet with small sales at Tis. 92), Yangtszes without any local business are quoted lower in Shanghai at $170.
FIRE INSURANCES, Hongkongs have changed hands at $335 and sales of Chinas are reported at 886.
SHIPPING.-Hongkong, Canton and MacaoS have declined to $25 after small sales at that. Indos have ruled neglected at $95. Douglases are enquired for at $35 without bringing any shares in the market.
REFINERIES.-China Sugars remain without business if we except a few transactions in shares carried forward over the settlements at varions rates, which would give no indication of the market. At time of closing a few shares are obtainable at $215 and probably a little lower rate would be accepted. Luzena bare“ changed hands at $21, $23 and $25, closing with buyers at the last ste.
MINING. - Nothing to report under this heading.
DOCKS, WHARves and GodoWNS.-Hong- kong and Whampoa Docks have further de clined to $165 with some sales at that rate,
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