'
COMMERCIAL.
SILK.
CANTON, 10th Marh, 1906-Long-reels.-The | demand at the beginning of the fortnight was moderate, and since then has gradually in- creased; a fair general business has ensued and is developing through the sudden decline of Exchange. Native peices have risen $20 per picul and holders are only willing to sell at a further advance. From sales made we quote: Fres. Hing Cheong Sing 11/13 at $020, Sun Yue Lun 9/11 at $925, On Wo Hing 9/11 at $910, Yuk Wo Hing|10/12 at $890, Wing Po Cheong 10/12 at $885, King Seng 11/13 and 13/15 at $880, Cheong Sing 11/13 at $880, Kwong Seng 13/15 at 8850, Best 2me. ordre 18/22 at $755, Best 3me. ordre 11/13, 13/15,14/18 at from $745 to $755, Short-reels- Only a small business has been done during the fortnight, the higher prices asked being above the ideas of buyers. We can quote as paid $855 for Kwong Shun Ching 14/16 and 1742) for Rereels No. 1 at 2 (Blue Ticket). Waste Silk.- The market has become quieter owing to the higher prices asked by dealers. Rates are never- theless upheld on account of the scarcity of stock. "Pierced Cocoons" and "Market Extra un- opened" are nearly exhausted for the season. Stock of Silk in Canton: 700 bales.
OPIUM.
HONGKONG, 22nd March.
Quotations are:-Allowance net to I catty.
per pien).
HONGKONG WEEKLY PRESS AND
Local Manufacture —No sales are reported. Japanese Yarn :—–Continues quiet, Raw CottonThe market is featureless, China descriptions are entirely quist, and a trifling sale of 25 bales superfine Bengals at $23 is the only business of the fortnight. Unsold stock 300 bales Indian and 250 bales Shanghai. Quotations are $20 to $23 Bengals, and $22 to 25 China.
Exchange on India, after touching Rs. 1501 for T/T and Rs. 1501 for Post, has again rallied and closes firm to-day at 8158) and Rs. 154 respective- ly... On Shanghai 71] and on Japan 1034.
The undernoted business in imported and local spinnings is reported from Shanghai during the for night ended the 9th instant, viz:-
indian : ---
Market barely stendy, total sales about 7,500 lales at irregular prices, estimated
unsold stock 70,000 bales.
Japanese : -- Holders firm and prices improving ; total sales 3,500 bales on the basis of Tis. 931 to 101 for No. 1163, and Tls. 107 to 108 for No. 20s,
Local-Market firm but without business.
PIECE GOODS.
year.
very
|
|
[March 22, 1906)
some White Shirtings were sold” although their replacing cost at present is Is: Od. over what they were bought at originally. The possessors of old established chops are realising their values more and more. Although a simLR])] business is going on here and there in odds and ends the sales reported are almost entirely from second hands, the only actual transactions from first hands, of which particulars are given, being the Auctions, and they seem to have weathered the vicissitades of exchange very well.
boxes ginger.
ON LONDON.—
ON
EXCHANGE.
2/04
2/01
FRIDAY, 23rd March. Telegraphic Transfer Bank Bills, on demand Bank Bills, at 30 days' sight ......2/0₫
ON PARIS
London.-
Bank Bills at 4 months' sight .....2/1. Credits, at 4 months' sight .........2/11
Doon mentary Bills, 4 months' sight2/14
Bank Bills, on demand
.2581-
Credits 4 months' sight
ON
GERMANY.——
On demand
2104
ON
NEW YORK.-Bank Bills,ondemand 50 Credits, 60 days' sight
50%
ON BOMBAY.-Telegraphic Transfer .....153)
Bank, on demand,
*****.....154. ON Calcutta,-Telegraphic Transfer 153)
Bank, on demand........................ ON SHANGHAI.—Bank, at sight
Private, 30 days' sight
MISCELLANEOUS EXPORTSULES DE Per steamer Prinsess Alice, sailed on 14th - Mang For Colombo:-178 bags beans, 51 tases preserves: For Aden:-65 bags galangal, 3 cases casein. For Genoa--650 cases cassia, 877 bales raw, sill 40 bales hemp, 30 cases palm leaf fans; 13 caso furniture, 4 cases hemp. For Antwerp-120 cases chinaware, 04 rolls matting, 48 balos lent tobacco, 2 cases human hair, 1 case silk. For Antwerp or Hamburg-56 cases bristles. For Amsterdam:-150 rolls matting, 75 cases ginger. For Rotterdam:-25 bales canes, 25 cases ten Messrs. Noel, Murray & Co.'s latest Report
sticks. For Bremen-180 rolls matting, 167 bales on the Shanghai Piece Goods Trade, dated feathers, 2 cases blackwoodware, 1 case cigars. Shanghai, 15th March, 1906, states:-Although
For Hamburg:-491 bales feathers, 250 cases the first batch of steamers to Tientsin have dis-Cassia, 200 cases essential oil, 95 rolls mats, 92 charged there, and are on their way back, no news
bales canes, 31 cases human bair, 20 cases canth- has yet been made public as to the reception that arides, 7 cases feathers, 6 cases cigars, 6 cases . Messrs. A. R. Burkill & Sons Silk Circular, was accorded the goods on that market. Judging For London:-342 rolls matting. For Hamburg ginger, 2 cases curios, 1 case blackwoodware. dated Shanghai, March 10th, 1906, states:-The by the desultory way in which farther supplies home markets are unchanged. Raw Silks.-The are being cleared the situation cannot be
or Copenhagen-100 bales feathers. For Cop- feature of the week has been the rapid decline favorable, and as far as the transportation goes enhagen:-160 cases cassin, 83 rolls matting, 2 in exchange in sympathy with silver, a decline there are the same complaints of an inadequate of 1fd. since the date of our last circular. lighterage service, causing considerable delay at This has helped the Tsatlee market consider- the Taku Bar. The weather in the North is ably and a good business has been done. unusually wild, and with a continuance of it the Yellow Silk. These silks have been more in Port of Newchwang will probably open to-morrow, demand and a moderate business has resulted. but a sudden change of wind may easily delay it Hand Filatures.-A very considerable business until the 25th inst. There is a most disappoint- has been done during the week under reviewingly apathetic feeling about the opening of that in Crack Chops and Shanghai re-reels for the market, which seems to belie all the hopes and American market, and lower grade Filatures for promises of what would be the prospects for trade the continent, Altogether some 1,300 bales have now the country is once more restored to peace. been settled, leaving stocks very low and con- That it was to be allowed to return to its normal sequently firmly held. Steam Filatures.-A fair condition was of course out of the question, business has been done this week, principally in but at least it might have been permitted to common grades. Waste Silks.-Continue very assimilate the desired reforms in such a way as quiet, supplies of all kinds being still very small. would not interrupt its established channels of trade; but the Japanese have apparently taken it upon themselves to define the manner in which the trade is to be done in future, and to enden- | place of the "olocustom" of three months credits, your to establish a modern system of financing in
or four settling days in the It is also shrewdly suspected that an arrangement by which their military notes can be economically and conveniently redeemed is one of their objects. However, be that as it may, it is not anticipated | ON YOKOHAMA.—On demand.... that a very great quantity will be sent up at first, or until it is more certain what the trade con- ditions are to be. The River markets are report ed to be quieter again. Large supplies for Szechuen are accumulating at Hankow, waiting for the water to rise, which it should soon do now with the higher temperature that is prevailing over the country. It is reported that some satisfactory buying orders have been received from Chefoo and that a fair business has resulted from second hands, The reports of the Manchester market vary very considerably, and it evidently cannot now be treated as a whole. In some quarters, no doubt for particular goods, it is said there are indications of weakness, whereas others find that for the makes they are interested in it is as strong as ever, and deliveries as much protracted. The mills seem to be well engaged again for India in both Grey and White Shirtings. The opinion at present ruling here is that further buying had better be left alone for the time being and an endeavour made to bring the trade back to more legitimate and safer lines. The cotton market in Liverpool continues to fluctuate, but to no serious extent, the quotation for Mid American having advanced to 5.92d. on the 9th instant, but has since receded to 5.77d. Egyptian is also a little easier at 91d. The New York quotation for cot. ton a week ago came 10.01 cents, but no change has been advised since. The market for Domestics is said to be slightly easier, but most of the lead ing importers are without advices. The yarn market is exceedingly quiet but prices have kept fairly steady. Native cotton is steady to firm. Piece Goods-The hopes that the downward course of exchange would continue were doomed to disappointment, and instead of strengthening the market its sudden and what seemed deter mined fall has only aggravated the situation, the complete recovery of the drop at the close making it worse than it was before. Very little forward business is possible, and what sales are taking place from first hands consist chiefly of small lots that have hung fire for a long time. one instance that was mentioned to us
Malwa New
$1000 to
Malwa Old
$1050 to
do.
Malwa Older
$1100 to
do.
Malwa Very Old
.81170 to
do.
Persian Fine Quality $1050
to
do.
Persian Extra Fine
...$1100 to
do.
Patna New
$920
to
per chest.
Patna Old
.$900
to
do.
$865
to
do.
to
do.
Benares New Benares Old
COAL.
Messrs. Hughes and Hough, in their Coal Report of 22nd March; state that 19 steamers are expected at Hongkong with a total of 76,150 tons of coal. Since March 11th, 11 steamers have arrived with a total of 38,600 tons of coal. Quotations:-
Cardiff.. .815.00 ex-ship, nominal. Australian ......to $9.50 $10.25 ex-ship, steady. Yubari Lump...$12.00 nominal.
Miiki Lump ...$11.00 to $12.00 steady. Moji Lump. $9.00 to $10.00 steady. $9.75 to $10.00 steady. Bengal............19.00 to $975. nominal.
Akaike.
YARN.
Mr. P. Eduljee in his report dated Hongkong 23rd March, says :-A very disappointing fort- night has been experienced in our yarn market, as with a returu of fair weather the usual Spring inquiry was confidently expected. This, however, may occur within the next week or ten days, fail- ing which, importers may make up their minds for a dull and depressed market until the Summer demand comes round, as the Ching Ming Festival commences next month and will continue for four or five weeks. Meanwhile heavy arrivals ex re- cent contracts may be expected at very high prices, which will still further tax the storage capacity of our local Godown Company, the quantity of yarn already stored with them both at Kowloon and Wanchai being computed at no less than 153,000 bales. Receipts for the fort- night are practically nil, but on the other hand deliveries are quieter, and the falling off in stocks in not so heavy as was anticipated.
Sales during the interval aggregate 1,376 bales; decline in prices. $1 to $2 per bale; arrivals amount to 2,546; unsold goods estimated at about 83,000; and sold but uncleared yarn at 68,000 bales.
In
...
154
714
721:
1001
100
..14) p.o.pm. 1233- ..31.p.o.pm ..3 p.e.pm..
ON MANILA.-On demand
ON BATAVIA.-On demand ON SINGAPORE,—On demand
ON SAIGON-On demand... . ON HAIPHONG.—ON demand
ON BANG.Ok.—On demand............... 62 SOVE RIGNS, Hank's Buying Rate ...89.05. GOLD LEAF, 100 fine, per inel $50.80
TONNAGE,
HONGKONG, 23rd March.-Freights are about. the saine as last reported, except that there is inquiry for steamers to load at Saigon and Bang- kok for Hongkong. From Saigon to this; 16 cents last; to Philippines, a small carrier has been closed at 31 cents; to North Coast Java and Japan, no demand. From Bangkok to Hongkong, 30 cents and 23 centa berth rates. Java to Hong kong and Japan, nothing doing. Newchwang to. Canton, 25 cents rer picul.
Coal freights are, firm. From South Japau Coal Port to Hongkong, $1.00; to Swatow, $2.00. From Puelo Laut, to Hongkong, a steamer closed at $2.26 and $2.50 per ton. From Hongay to Canton, #203 last ; tổ Hongkong, $1.40 per ton. The following are the settlements:-
Ness-British steamer, 1,963 tons, Moji to Họng. kong, 81.30 per ton.
Powhatan-British steamer, 1,840 tona, Moji to Hongkong, $1.80 per ton.
Tholma-Norwegian steamer, 1,187 tons, Puelo Laut to Hongkong, $2.25 per ton.
Terrier Norwegian steamer, 1,008 tons, Saigon to Hongkong, 15 cents per pical.
Victoria--Swedish steamer, 1,181 tons, Saigon to Hongkong, 18 cents per picut.
Amigo-German steamer, 822 tons, Saigon to one port Philippines, 31 cents per picul.
Peik-Norwegian steamer, 744 tons, Bangkok to Hongkong, 28 and 21 cents per picul.
Standard - Norwegian steamer, 908 tons, Bang- kok to Hongkong, 28 and 21 centa per picule el
Frithjof-Norwegian steamer, 89katoniji, Iloile to Hongkong, 19 sents ¡er picul,
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