334
YARN.
an
Mr. P. Eduljee in his report, dated Hongkong, 4th May, says: The interval has been extremely dull one, and there seems to be no immediate relief at hand. Settlements are again on a very limited scale and confined to suitable grades of No. 20s for the Northern and Tonkin markets. The lower counts move very slowly, being taken up only in retail lots for the small wants of the city. Prices of No. 20 remain fairly steady, but quotations for the lower counts have become more or less nominal, as holders, to effect sales, have to submit to the ideas of buyers There is no change in stocks which, however, continue very heavy considering the condition of the market, and with the heavy shipments on the waters now shortly expected, will not fail sooner or later to tell seriously on an already abnormally | overstocked and declining market. The drop in prices from the highest point of the year is to-day computed at from $7 to $12 per bale. Bombay is reported weak with spinners pressing for orders.
Bales of the fortnight aggregate 1,034 bales; arrivals amount to 8,198; unsold stock estimated at 80,000; and sold but uncleared yarn 65,000 bales.
Local Manufacture:-No business is reported. Japanese Yarn:-A parcel of 50 bales Kanega- fuchi No. 169, sold at $130, is the only business of the fortnight.
Raw Cotton:-The market is dull, and with comparatively heavy receipts of Indian descrip- tions dealers hold aloof, and only a few small lots aggregating 250 bales Superfine Bengals have found buyers at $231, leaving 1,630 bales in stock. In China kinds 170 bales Shanghai have changed hands at $25). Stock 210 bales. Quotations are Indian $20 to $231 and China $23 to $251.
Exchange on India has steadily advanced in sympathy with silver, and cluses firm to-day at Rs. 156 for T/T and Rs. 167 for Post. On Shanghai 714 and on Japan 102).
The undernoted business in imported and local spinnings is reported from Shanghai during the week ended the 21st ultimo, viz :----
Indian-A slight revival in the demand for No. 103 has taken place at fairly steady prices. Total sales about 1,200 bales. Estimated unsold stock 75,000.
Japanese-A somewhat better business has been done at steady prices, sales amounting to 1,500 bales on the basis of Tls. 91 to 97 for No. 168, and Tis. 107 to 1051 for 203.
Local:-No fresh contracts are reported,
PIECE GOODS.
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai, 26th April, 1906, states:-The event of the interval since we wrote our last report has of course been the terrible misfortune which has befallen San Francisco, the Queen of the Pacific Slope. Naturally the news received so far has been somewhat meagre, and any particulars as to what damage or loss may have been sustained to cargo awaiting shipment to this market is altogether lacking. The only definite hit of information is that there will be no further sailings for this port for some time to come, but that does not throw any light on the subject. Although unbroken or interfered with either by holidays or bad weather the week we have under review is absolutely devoid of any interest. The market is lifeless and business is almost at a standstill. Clearances are most unsatisfactory, though owing to the plethora of ready money here buyers are able to pay for goods bought and take up their exchange contracts; but the cargo remains in the godowns which are becoming more and more congested. Interested natives here still continue to declare that the Man- churian markets are overstocked with goods, more particulary American, that were rushed up last year. It is difficult to give credence to this, but at the same time it is impossible to verify it. This is given as the natural cause of the present lack of demand, but on the other hand it is also stated with equal positiveness that the consumptive demand is being supplied by direct importations from Japan, and also by largely increased ship- ments of Nankeens, or native woven cloth, for which latter, it is claimed, very high prices are being paid. Another theory is that the New- chwang merchants are following the example of Tientsin and are joining in the freezing out process this market is undoubtedly undergoing. It is certainly not pleasant to contemplate, what- ever the stoppage of the trade is due to, and it is having a very wearying effect on holders here. As regards Cores we learn from the results of a personal investigation that the depression there is caused not altogether by the excessiva importations, but is greatly due to the attempted introduction of the Japanese currency, the initial
HONGKONG WEEKLY PRESS AND
consequence of the process being that the nickel, coinage of the country is being called in at the rate of two to one of the new coin, which the masses are resenting, and it is anticipated that it will take some time before they become reconciled to it. A good rice crop will be a great help towards it, but the effects are not expected to be realised until next year at the earliest. The river markets continue in the same depressed state that we have had occasion to despict so often before, and is so very different to what was anticipated would be the case on the introduction of railways. With renewed buying for India the Manchester market is, if anything, stronger that ever. Telegrams are being constantly received urging buyers to place their orders promptly if they want to be in it "next season but from present appearances there seems to be a likelihood that sufficient supplies have already been bought for this market. The natives are not taking any more, and importers who have bought in anticipation declare they have not been able to place more than half, although their purchases were only a moiety of the accustomed quantity. In the meantime cotton, at least the American staple, has declind to 8.03d. in Liver pool, but on the other hand Egyptian is firmer at 101d. We have heard of no news of the American market. Imported Yarns are in a very depressed state, especially Indian, which have been very much over done, and native indentors
*
are said to be losing very heavily. The supply is by no means decreasing, the shipments during the last three weeks being upwards of 39,000 bales, of which over 17,000 bales arrived by the last mail boat. Meanwhile the consumptive I demand here has declined to a winimum. As regards current business it is practically uil. resales being almost as seldom as business from first hands, the only transaction at the moment being the usual weekly auctions, and to them we uust refer for some indication of the state of the market.
!
MISCELLAENOUS IMPORTS.
Metals—
Iron-Nail Rod
[May 5, 1936.
por pioul. $3.90
Square, Flat, Round Bar (Eng.)... 8.00 Swedish Bar
Small Round Rod
Hoop to 1 in
Wire, 16/25 oz. ADO (CONDARYNSKOGRAA Wire Rope, Old.............
$.95
4.30
0.00
9.80
8.00
Lead, L.B. & Co. and Hole Chop. ...10.00
Australian Yellow M'tal--Muntz 14/20 oz. Vivian's 14/20 02. Elliot's 14/20 oz.
Tin
Tin-Plates
Quicksilver
Window Gines
.10.00
.41. 0
.41.00
.41.00
96.00
per bor
$6.40
per picul .$127.0)
per box
$5.00
MISCELLANEOUS EXPORTS, HANKOW, 25th April, 1906:-The prices quoted are for the net shipping weight excluding coat of packing for export :-
Per pioul. Cowhides, Best Selected.....
Do. Seconda Buffalo Hides, Best Selected
Goatsking, untanned, chiefly white color Buffalo Horns, average 3-this, each White China Grass, Wuchang and/or
Poochi.
WhiteChinaGrasa,Sinshan and/orChayu Green China Grass, Szechuan Jute
White Vegetable Tallow, Kinchow White Vegetable Tallow, Pingchew
and for Macheng
White Vegetable Tallow, Mongyu Green Vegetable Tallow, Kiyu. Animal Tallow
Gallnuts, nanal shape
Do. Plum do.
| Tobacco, Tingehow
Do. Wongkong Black Bristles
HONGKONG, 4th May. The prices ruling Feathers, Grey and or White Duck are as follows:-
COTTON YARN-Market has continued quiet and a very trifling business has passed. Prices show a further decline from $1 to $2 per bale. Quotations are nominal:-No. 108. at $87 to 3111: No. 16s. at $112 to $129, and No. 20s. at $116 to $143. Arrivals 26,000 bales; Shipments ́8,500 hales; Sales 1.500 bales: Bargains 70,000 bales. Unsold stock, 62,000 bales.
Iper bale $90.00 to $128.00 140.00 to 180.00 to 167.50 to 180.00 to
Bombay Nos. 10 to 20, English-Nos. 16 to 24,
22 to 24.
28 to 32, 38 to 42.
160.00 165.00 175.00 190.00
Reported sales ',500 hales, COTTON PIECE (oops-Market (weak. Very little doing.
per piece Grey Shirtings — 6 lbs.
$2.20 to $2.25 7 lbs.
2.30 to 2.85 8.4 lbs.
3.20 to 4.00 9 to 10 lbs. 4.25 to 5.30
"
J
19
***
White Shirtings-54 to 56 rd. 2.75 to
3.00 58 to 60 3.10 to 3.75 64 to 66 3.80 to 5.50 Fine.
6.25 to 8.00 Book-folds 5.50 to 8.20 Victoria Lawns-12 yards 0.75 to 1.80 T-Cloths 6lbs. (82 in.), Ord'y. 2.30 to 2.50
7lbs. (32,. ),
2.70 to 3.30 6lbs. (32.. ), Mexa. 2.50 to 2.75 7lbs. (32
3.00 to 3.30 8 to 8.4 oz., (38 in.)3.30 to 4.05 Drills, English-40 yds., 13‡ ́
5.50 to 8.00 to 14 lbs. FANCY COTTONs-Sales unimportant. Market
per piece Turkey Red Shirtings-14 to
$1.70 to $4.35 8 lbs.
per yard .$0.124 to $0.15
sick.
Brocades Dyed
Velvets Black, 22 in. Velveteens-18 in.
真要
0.23 to 0.45 0.22 to 0.27
WOOLLENS-Sales unimportant. Market sick.
per yari
Spanish Stripes-Sundry chops$0.70 to $2.05 Habit, Med., and Broad Cloths 1.10 to 3.50
per piece Long Ells-Scarlet, 7-9 lbs. $6.15 to $9.50
Assorted
6.9 to 9.65 13.00 to 31.00
13.01
to 20.00
8.50 to 10, 00 per lb. $0.65 to $0.80
Camlets-Assorted. Lastings-30 yds. 31 inches }
Assorted
Orleans-Plain, 31 in.
Blankets-5 to 12 lbs.
#+
Turmeric Sesamum Seed
Wild Duck
Seamum Seed Oil Vegetable Tallow Seed Oil. Wood Oil Tea Oil
'Tis. 38.00
38.50
**
19.00
D+
70.0!
9.50
19
12.00
11.25
"
12.50
5.00
M
9.20
"
9.00
8.50
"
8.75
8.30
10.50
18.50
8.00
+
11.00
.
110.00
**
(nom.)
3.50
* 4.00
8.00
(nom.)
8.30 10.00
11
Per steamer Kintuck, sailed on 24th April. For London or Cont.:-62 boxes camphor, etc. For Genon:-18 bales canes. For Marseilles :-339 bales waste silk, etc., 411 balea canes. For Bor- deaux:-210 rolls mata. For Havre:-113 balea canes. For Amsterdam:--19 casos private effecte. For Amsterdam or Rotterdam or London :-100 cases galangal. For Rotterdam :-- 84 rolls matting. For London:- 820 bales canes and matting, 300 casks preserves, etc., 372 packages marchandise. - For London or Continent:-150 cases feathers. For Dundee:-30 bales tea mata. For Manches- ter:- 150 bales waste silk. For London or Con- tinent-315 cases cassia, 106 bales canes, etc. For Buenos Aires:- 100 boxes tea. For Antwerp: 407 bales feathers, 117 rolls mats, etc. For Liver- pool:-224 bales waste silk, etc.
Per M. M. Co's steamer Ernest Simons, sailed on 1st May. For Marseilles:-160 bales raw silk, 2:0 bales waste silk, 4 cases silk piece goods, 45 packages human hair, 62 rolls matting, 2 caser feathers, cases provisions, 6 cases ylang ylang oil, 3 cases hats, 8 packages sundries. For Lyons: — 178 bales raw silk. Por St. Chamond: -10 bales raw silk. For London:-2 cases private effects. For Port Said:-63 packages Chinese stone.
HONGKONG QUOTATIONS, HONGKONG, 3rd May, 1906.
$19
Apricot
Borax
$27 to $29 .$13 #16
19
Cassia
.$14
Cloves
.$21
» $33
Camphor
$155
"P
Cow Bezoar
$120
32
$140
Fennel Seed
..$6
J
Galangal
.$3
1
$5
$14
19
Grapes Kismis
·lue Olibanum
Oil Sandalwood
Kosa.....
.$18
"
$26
$8
2
$16
$220 $350
20
D
$150 $175 .$150
$5 $30 $10.70
#
Cassia
Raisins
Senna Leaves
.$3
+
Sandalwood
.325
Saltpetre...
$10
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