438
COMMERCIAL.
RESUME OF SILK SEASON 1905-1906.
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The season under review has not been a pro- fitable one to Native silkmen, and whilst losses have not been in the aggregate severe, it must be borne in mind that this is the third successive season of adverse trading. The available quantity of white silk for export has proved to be less than last year, the steady increases in Native consumption is a feature which must not be lost sight of. It is of course impossible to even approx- imately estimate what that consumption is, but it is a matter of common knowledge that silk is more extensively worn by the Chinese than ever, not only in the Treaty Ports hut in the interior. Steam Filatures.-The average cost of production was very high and had not the demand for 6-11 been good right throughout the season thi result would have been a much heavier loss to the filatures, the export to America being consider. ably less than in the procaeling years.” For 13-15 No. 1 Market Chops Ta∙13 775 was paid in Juno improving Tls, 25 per picul in the following month. a similar improvement occurring again in August, Tls. 830 was paid carly in September, but from that time ou the demand for course sizes drugged, andt he market closed with allers at Tls. 760 although the stock on hand was very small.” For good Market No. 1, -11 prices bave varied as follows-Opening in June at Tls. 830, Júly Tls. 846, August I'ls, 860, September Tls, 890 dropping back to Tls. 830, in January; prices improved in February and March to Tls, 800, and at the close there is practically nɔ stock of fine sizes. Raw Silks. The export to Europe shows a falling off of nearly 25 per cent, as compared with 1904 1905, over 60 per cent. to India and Egypt; whilst to other places the export is about as last season. Taking Gold Kiling us the basis the fluctuations. may be recorded thus Juna Tls. 355, Augus Tls. 565, from the beginning of September down to the first week in December hut very little business was regorded; prices then gave way and Tls. 512-513 was realized, January Tis. 525, February 335- 530, March 510- 550, April Pls. 55) | dropping again to Tls. 325 in May. New Crop Reports from the white silk distints point to a larger crop than last year, and it is estimated that there will be 10,000 lates more available for export. Best Tsatives are not more plentiful than last year, the excess is said to be in the lower grades of Tsatlees, in Hainins and goo Kiahings. Estimates of the available quantity for export are more difficult to make than usual, because not only is Native consumption continu illy increasing, but also the stocks usually carried over in the country from season to se ison are this year non existent.
In favour of a larger export the conditions for good second crop are unusually favourable, the weather being good and there is an abundant supply of
leaves.
COAL.
Messrs. Hughes and Hough, in their Coal Report of 14th June, st ite that 20 steamers are expected at Hongkong with a total of 84,885 tons of coal. Since May 31st, 15 steamers have arrived with a total of 55,023 tons of coal. The Report also states that the market generally remains qu'et. Cardiff has been quite neglected,
Cardiff... .$15.00 ex-ship, nominal.
Australian $9.50 to $10.25 ex-ship, steady. Yubari Lump...$12.00 nominal. Miiki Lump ...$12.00 steady.
Moji Lump. .$9.00 to $10.00 ex-ship, steady, Moji unscreened$7.60 to $9,00 ex-ship. Afke Lump...$9.75 to $10.00 steady. Bengal... $9.00 to $10.00 nominal.
RAW COTTON,
HONGKONG, 15th June.-Small business only, market quiet. Stock about 800 bales. Bombay....
$18.00 to $20.00 per pe!. Bengal (New), Rangoon 19.00 to 23.00
and Dacca
...26.00
to 27.00 Shanghai and Japanese Tungchow and Ningpo ...26.00 to 27.00
Reported sales, 100 bags.
YARN.
Mr. P. Eduljee in his report, dated Hongkong, 15th June, says:-The unexpected decline in ex- change and low prices ruling induced one or two of our large sanguine dealers in re-enter the market, and having a wide selection to choose from a fair business has resulted. Values, how-
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HONGKONG WEEKLY PRESS AND
(June 16, 1938.
ever, show little or no change, and countrary to I private business from first hands being absolutely expectations the feeling amongst importers is not at a standstill. The demand for Ningpo?' has strong. Almost all counts have been dealt in. assisted the auctions somewhat for cotton goods, but best qualities of No. 108 and No 203 have but woollens are very difficult to move at astic- attracted by far the largest amount of attention, ¦ factory prices. Grey Shirting‡- The 7-lbs, and and form the bulk of the settlements. At the common 8. lbs. went at steady to firm prices at close the dealers have satisfied their requirements: the auctions, hut the better qualities of the latter. and are not buying, and we again close dull but were inclined to hang fire somewhat. For the 19 steady. The offtake during the interval has | and 12-1b4, and most of the beavier makes, prices overtaken recepts and our estimate of stocks shows were distinctly firmer. We have not heard of n a substantial decrease on last Mail. Bombay | single transaction from first hands, neither do we continues weak, hat prices there are still 23 tò believe that one has taken place. Drills and $4 alve placing cost.
Sheetings.-Second hand hol·lers are meeting the The most noteworthy feature of the interval | demand and are apparently only too willing to has been the reported collapse of a large native make concessions in price in order to effect yarn and opium Hong with liabilities amounting | resales. They are even resorting to the haminer to two lacs. This is the be›inning of the end, as to some extent, but the small quantities sold make we hear that 2 or 3 more dealers are lingering | very little impression on the high stock on hand. between life and death, and will in all probability | Fancy Goods.-The one redeeming feature of the shortly follow suit.
week is the steady to firmer prices which wore paid for Fast Black Cotton Italians at this morning's sale, showing a decidedly better enquiry for all but the very cheapest qualities. Turkey Reds were again easier. Egyptian cotton bas advanced to 10.50. Woollens.-Prices continue to be all in and out, so much so it is difficult to · | describe the market. It is certainly not strong by any means, the demand for the various fabrica heing very fitful and irregular. Cotton Yarn.- Indian-The market is steadier and rather more buying has been indulged in both by the River and Tientsin dealers, prices being steadier at the close. The transactions amount to 2,810 bales in all.
Sales of the interval aggregate 7,123 hales, arrivals 9.775, unsold stock 78,000, and sold but uncleared yarn 60,00 1 hafes,
Local Manufacture :- After some interval a small sale of 50 hales No. 108 at 892 to reported.
Japanese Yarn :-Nothing doing.
Ray Cotton :-The market is almost liføless and with the exception of a sale of 73 bales super fine Bengals at $22 to $23 no business is reported. In China kinds some 75 hales are reported to have changed hands at $231. Unsold stock about 2,000 bales Indian, and 300 bales Chinese, Quota tions are $19 to $23 Indian, and $22 to 825) China, Exchange on India, after touching Rs. 1501 for T/T and Rs. 16 for Post, closes weak to-day at Rs. 156) and Rs. 1561 respectively. On Shanghai 72 and on Japan 1024.
The undernote 1 business in imported and local spinnings is reported from Shanghai during the fortnight ended 9th instant, viz:
Indian-Market weak, sales amounting to 1,100 bales at musier rates, unsold stock 95,0010) hales.
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Japanese: - At a decline of half to one tael about 2000 bales are reported sold, say, at 114,861 to 93 for No. 1s, and Tls, 991 to 102 for No, 208,
Local: – No fresh business is reported, market closing weak.
PIECE GOODS.
Messrs. Nool, Mufray & Cols Report on the Shanghai Picce Goods Trade, dated Shanghai 7th June, 1906, states:-There was a flutter of hopeful expectation yesterday when sterling exchange made a sudden and what looked like a determined downward moveinent, but, alas! it turned out to be one of its old time freaks, and harely lasted out the twenty-four hours. To-day there is a reaction and the trade is doomed to
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disappointment, for a substantial drop would undoubtedly have a very beneficial effect on business, while these sudden and violent fluctua tions are a vexatious nuisance, and the bugbear of all engaged in the trade. On a recovery from a i
drop it is the native dealer's custom to ask for ¦ the equivalent of the subsequent advance, when offering for goods, quite overlooking the fact that the market had not advanced in consequence of the previous docline-and so the last state of the holder of the goods is worse than the first. The dealers in American goods are all anxiously waiting for the return of the mission to the north, no news of what they have been able to accomplish, if anything. having preceded them. They are due back here on the 9th inst. In the meantime an announcement was made that Toukden had ¦ heen thrown open to International trade from the 1st instant, but it does not appear to be without i restrictions, almost, if not quite, as irksome to
Foreign commerce as they were before. Tho! native dealers here do not appear to be forourably impres-od so far, but are still hopeful of a happy termination to their present difficulties. We are told there is slightly more enquiry for the river and nearer markets, and that sinall quanti- ties are being taken to meet the demand, but it autints to a mere fraction of former
The years. home markets keep very firm and prices are well maintained. Apparently, in consequence of the favorable reports of the growing crop, a very large acreage of which has been planted, quolations for American cotton are lower, the Liverpool spot price being 6.05d. for Middling, while the New York rate for October is 10.26 cents. The export of plain cottons from England last month was 34,000,000 yards to Hongkong and China, and 1,cam bales yarn to Shanghai alone. The market for imported yarns is showing a little more activity, while deliveries of local spinnings are falling off as usual, when the country people are busy with their agricultural pursuits. Cotton is slightly firmer. Again we have only the auction prices to give an inkling as to the market,
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MICELLANEOUS IMPO ET 4.
HONGKONG, 15th June. The prices ruling are as follows:-
COTTON YARN-Business has been done on a more extensive scale, but at lower rates than those of the last fortnight. Latterly owing to the continuance of demand rates have recovered their former position. Quotations are:-No. 10% at $83 to $107; No. 16s at $110 to $128 and No. 120s at $114 to $111. Arrivals 25,000 bales; ship- ments 13,0 '0 bales; sales 10,000 bales; bargains 75,000 bales. Unsold stock, 68,000 bales.
Bombay No: 10 to 20, English-Nos. 16 to 24, 22 to 24. 28 to 32, 38 to 42,
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Reported sales 2,000 baler.
per bale $90.00 to $128,00 140.00 to 160.00 160.00 to 165.00 187.50 to 175.00 180.00 to 190.00
Market
COTTON PIECE (loons-Small sales.
quiet.
Gray Shirtinga
7|ba.
per bale $2.55 to 8.4 The. .. 3.35 to $4.10 9 to 10 lbs. ... 4.10, to 5.30 White hirtings –54 to 56 rd. 2.92 to 9.00
58 to 80 2.02 61 to 68 Fine.
+
to
9.00
2.92 to 9.00 2.92 to 9.00 Book-folds 2.92 to 8,00
Victoria Lawns-12 yards 1.65 to 1.80 T-Cloths--6lbs. (32 in. ), Ord'y. 2.25 to 2.00
2.25 7lbs. (32),
to 2.90 6lbs. (32,, ); Mexs. 2.23 to 2.90
7lbs. (32,, ).
*
2.26 to 2.90
8 to 8.4 oz., (36 in.)3:10 to 8.95 Drills, English-40 yda., 131 રે 4.50 to $.50
to 14 lbs. FANCY COTTON-Small males. Market quiet.
per piece Turkey Red Shirtings—14 to Į $1.75 to $50
8 lbs.
HONGKONG QUOTATIONS HONGKONG, 14th June, 1906.
Apricot Borax
1
Cassia
Cloves
Camphor Cow Bezoar
Fennel Seed Galangal Grapes Kismis Glue Olibanum
$22 to $25 .$19 $20 $13, $18 .$18. $38
$135 "
120
*
$140
24
$7
**$830
.413
#314.
.$14
$18
$25
$50 $4 $16
#
2
И
M
$52
$160
Cassia
$100)
Raisins
$975
Senna Lea VES
$2
$550
Sandalwood
.$29
Saltpetre...
$10
$75
Oil Sandalwood
Rosa...
.$230 $375
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