7
858
COMMERCIAL.
-
SILK.
Messra. A. R. Burkill & Sons Silk Circular, dated Shanghai, 28th April, 1906. states:-The Home Markets are steady. Gold Kiling is quoted in London at 12/10) and in Lyons at Fca. 36. Raw Silks. During the interval there is no business to report either in Taatlees or Coarse Silks, Market closes easier. Yellow Silks. We only hear of one settlement of Mienyang. Hand Filatures. A sale of Small Buffalo 1 grant reel at Tls. 635 is reported for America, but there is very little enquiry and the market is easier. Steam Filatures. Nothing doing. Waste Silks. We have not heard of any business.
RICE.
-
Messrs. Wm. G. Hale & Co.'s Circular, dated Saigon, 4th May, 1906, states:-A fairly large amount of business has been put through during the period under review with Europe, French Colonies, Java, Philipines and China, and demand continues to rule lively. Prices, owing to the said sales and meagre arrivals of grain from the Interior, have hardened, and close steady with a well marked upward tendency.
We quote for November delivery.
No. 2 White sifted (trić) steam milled"
(round)
per picul
No. 2 White unsifted (ordinaire) steam
milled (round)..
5% Cargo steam milled (round)
10
$8.25 $2.93 82.85 82.75
* Prices according to terms and conditions
Cargo steam milled (round)
20% Cargo staam milled (round)
OPIUM.
HONGKONG, 12th. May.
Quotations are:--Allowance net to 1 catty.
to per picul.
Malwa New
Malwa Old
.$930 $980
to
do.
Malwa Older
.$1030
to
do.
Malwa Very Old
......$1080
to
do.
Persian Fine Quality $850
to
do.
Persian Extra Fine
.$900 to
Patna New
$860
Patna Old
to $830 to $790 to
do.
to
dɔ. do.
Benares New Benares Old
+
PIECE GOODS.
do. per chest.
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai, 4th May, 1906, states-Returns of Trade and Trade Reports for 1905.-The familiar Yellow Book containing the statistics and reports for all the Treaty Ports was getting to such an unwieldy size, the Statistical Secretary of the Imperial Maritime Customs has this year in. augurated a welcome change and is dividing the Ports up into groups, and only giving minute details of the trade of the most important. Vol. I, Northern Ports (Newchwang to Kiachow), has just been published and from it a great deal of interesting and valuable information is available. Commencing with Newchwang, the Commissioner at that Port gives a brief outline of the course of events during the past twelve months, and adduces therefrom the reasons for trade not resuming its former channels so early as was expected, and the exigencies that serve to hinder the Natives from buying more freely the goods foreigners are so eager to land them with. In the Country, people have suffered much more than was supposed from the effects of the war in their midst, one estimate putting the loss of lives at 20,000, and damage to property and kind at 70 million tools, which gives some idea. Large quantities of grain and other property must have been buried to save it from pillage or destruction, which goes far to account for the rapid recovery of the country as soon as war had ceased. One difficulty continued, want of labour and means of transport." As regards the payment by the belligerents for supplies and service in rouble notes and war notes, the significant remark is made but some deductions must be made; nobody can suppose that those payments were full compensation for supplies, services, and damage of all kinds: and when the peasant was
44
HONGKONG WEEKLY PRESS AND
come.
|
paid, he was paid in paper which was not readily redeemable. So far there have never been proper facilities for the redemption in silver of the rouble | and war notes at places reasonably convenient to the holders for presentation. Even at this port (Newchwang) they have been constantly at a discount, and large amounts of those issued in the interior have been bought up at a still greater discount. The military operations ceased early enough in the year to allow the annual sowing in the Spring, and the harvest was excellent, but trade was hampered by the want of carts and boats, and before the congestion was relieved an outbreak of plague occurred, and the Japanese Military Administration prohibited boats and carts from going inland, and up country boats loaded with produce would not come down at the risk of being unable to leave Newchwang in time to get back while the river was still open. The prohibition was not removed until too late to be of any use to trade, and meanwhile foreign im- ports had accumulated and the godowns were full and had to remain so for the winter. On the whole, considering the state of the country and the hindrances to the erchange of goods, the trade of the year affords ample justification for the belief that in time of peace Manchurian trade will flourish." There is no improvement in our market, or signs that there is likely to be any in the near future; everything remains in statu quo, and there is only one course to pursue, and that is to wait patiently until the demand does Further forward buying is to be deprecat- ed, too much mischief has been done already, and, with perhaps the exception in certain Fancy Goods, importers should discourage the idea of sending further orders on Native account. They hare sadly miscalculated the capacity of the trade, or at all events through its old channels, and this market can only be placed on a sound footing again by allowing stocks to he reduced. With the gradual opening of the country by the introduction of railways the tendency will be for Foreign firms to establish themselves at other centres, and there arrange for direct importations of goods to barter against produce, as was done here years ago before the commission agent usurped the business, and that, it is suggested, is what is being done in Tientsin, and possibly in Hankow, to a greater extent year by year, and naturally the goods that ure imported are those that are most popular and easily saleable, and so the demand for such articles on this market is so much less. It matters not to the home producer that he is supplying two parties with goods to meet the same demand, that, one or the other of the two will have to work out for himself. Possibly on account of the weather during the interval clearances have been very poor, at least that is the most charitable way of looking at it. The report of the failure of a native Bank in Newchwang last week has been followed by others of a lite description unfortunately, which is causing a feeling of depression on the market, there being so much absolute ignorance of the The Customs precise standing of the trade. annual report, leaves no doubt as to the market being overstocked, and throws a good deal of light on the whole subject. The Tientsin report, which we hope to touch on next week, shows the extent to which direct importations are trending, and in all probability accounts for a good deal of the active buying for China that Manchester has been impressing on importers here of late. There is nothing of an encouraging nature to note with regard to the River or Szechuen markets. Man- chester koeps very firm, and a slight recovery in American Cotton is advised from Liverpool, the latest quotation being 6.06d. Egyptian, however, is easier 10d., one firm having it 101d. The export of Plain Cottons last month to Hongkong and China was 35,000,000 yards, and 1,000 bales yarn to Shanghai alone. Despite numerous reports that have been current recently to the contrary the New York market is still very firm. this being confirmed in a reply to a special enquiry, the latest quotation for Pepperell Drille | being 138. Od. for September delivery, that being the best that can be done. The yarn market is dull and drooping, weak holders being very anxious to quit.
MISCELLANEOUS EXPORTS.
|
[May 14, 1908.
Per P. & O. steamer Manila, miled on 9th May, For Liverpool:- 12 packages private effects and curios, For Manchester:--150 bales waste silk. For Harre:-50 cases bristles. For London !----- 250 bales hemp, 960 packages ten (from Foochow), 226 bales waste silk, 00 bales canes, 16 cases woodware, 18 cases chinaware, 1 case feathers, 59 packages private effects, 199 ingots tin, 1 caso electric machinery, 13 cases furnitures and rattan chairs.
HANKOW, 2nd May, 1906:-The prices quoted are for the net shipping weight excluding cost of parking for export :-
Cowhides, Best Selected...
Seconds
Do.
Buffalo Hides, Best Selected Goatskins, untanned, chiefly white color Buffalo Horns, average 3-Is, each White China Grass, Wachang and/or
Poochi..
WhiteChinaGrass,Sinshan and/orChayu Green China Grass, Szechuen Jute
White Vegetable Tallow, Kinchow White Vegetable Tallow, Pingchew
and or Macheng
White Vegetable Tallow, Mongyu Green Vegetable Tallow, Kiyn
Animal Tallow
allnuta, usual shape
Do. Plum do. Tobacco, Tingchow
Do. Wongkong Black Bristles Feathers, Grey and/or White Duck
Wild Duck
Turmeric
Sesamum Seed Sesamum Seed Oil Vegetable Tallow Seed Oil.. Wood Oil Tea Oil
ON LONDON.-
ON
EXCHANGE.
***
་་་་་་
Per pioni. Tls. 37.75
33.50
"
18.50
70.0)
9.50
12.00
"
11.25
19.75
5.00
13
9.20
19
9.00
**
8.50
8.76
*
10.00
18.50
"
18.50
14
9.00
17
10.75
+
•
110.00
nom.
17
11
3.50
4.00
19
8.00
13
11
(nom.)
8.50
"1
**
10.00
MONDAY, 14th May.
Telegraphic Transfer
........2/11
..2/1 Bank Bills, on demand Bank Bills, at 80 days' sight ......2/1f
LONDON.
121
***
Bank Bills at 4 months' sight 2/
.2/1 Credits, at 4 months' sight
Documentary Bills, 4 months' sight2/11
ON PARIS
-
Back Bills, on demand Credits 4 months' sight.
ON GERMANY.—
On demand
ON NEW YORK.-
Bank Bills, on demand.. Credits, 60 days' sight
ON BOMBAY.———
2851
2691
216
.511
.52
Telegraphic Transfer .†.. Bank, on demand
...1574
.1574
Calcutta.—
Telegraphic Transfer
1571
Bank, on demand.
..157)
ON
SHANGHAI.—
Bank, at sight
713
Private, 30 days' sight
708
YOKOHAMA.-
On demand
.109
MANILA-
ON
ON
ON
On demand.. ON SINGAPORE.
On demand ON BATAVIA.---
On demand.. ON HAIPHONG. —ON demand Or SAIGON-On demand
.1021
111 p.c.pm.
127
3 papm. 21 p...pm.
ON BANG-OK.—On demand
39.45 SOVE EIGNS, I sok's Buying Rate
$30.00 Guld Lear, 100 fine, për taal BAR SILVER, per os................................................................................. .8011
FREIGHTS.
From Hankow per Conference Steamers-To London and Northern Continental ports 48/per Per P. & O. steamer Devanha, sailed on 5th ton of 40 c. ft. plus river freight. To Genoa, Mar- May For Manchester:-100 bales waste silk.seilles or Havre 41/8 per ton of 40 o. ft. plus river freight. To New York (via Bues) 82/- per ton of 40 For Gibraltar:--1 case cigars. For Lyons:-54
c. ft. plus river freight. To New York (vis Sues) bales raw silk. For Marseilles-100 bales waste silk, lu2 batas raw silk, 7 cases feathers. For Te 39/6 per ton of 40 c. ft. plus river freight. London:-50 bales waste silk, 3 packages sun. To New York (overland) Ten G. $13 cents per lb. dries, 2 cases ponjee silk, 20 packages privato | gross, plus river freight. To Shanghai :-Ton and effects, curios, &c., 3 cases cigars, 420 rolls matting, General Cargo, Th. 1.60 to 1.80 per ton, weight
8 cases feathers.
or measurement.
No comments yet.
Private notes are available after approval.