1
'00
-COMMERCIAL.
TEA
HONGKONG WEEKLY PRESS AND
YARN.
Mr. P. Edujee, in his report dated Hongkong, 11th August, 1906, says: The demand mention- * Hanków 1st August, 1906:—Business reported the past fortnight, but has been characterized ed in last report has been experienced throughout
*šíme the 25th ult., is as under →→
*1906, -Chests. 15,034
Settlements Shipments to Shanghai
on Native account 8,301
1905. -Cheste. 15,042
6,262
The following are statistics at date compared with the corresponding circular of last season, viz., 2nd August, 1905.
HANKOW TEA.
3
1906.
-Chests.
Settlements...
.304,155
Shipments to Shanghai
Stook
on Native account 6,421
Arrivals......413,065
1005. -Chests. 421,439
62,489
KIUKIANG TEA
1906. J-Chests.
Settlements
158,018
8,607 31,800
456,436
1905. -Chests. 175,825
Shipments to Shanghai
on Native account
Stock
1,880 10,072
...169,970
2,655 7,106
185,586
Arrivals...
SILK.
CANTON, 14th July, 1908 :-The number of bales available for export will be between 6,000 and 7,000 against 7,000 in 1904, and 6,00 in 1905. The silk is of a fair quality, but a little hairy, colour better than 2nd crop. Market.-After a temporary weakness prices for Raw silk have stiffened again owing to the rise in Cocoons. At the same time there was a revival of demand from
by extreme caution on the part of dealers, as the expected inquiry from the country had not reach. ed the proportions anticipated. Considering the disorganized condition of our local market, sales reported are fairly large, the chief feature being | been long neglected. Prices generally are easier, the increasing enquiry for No. 168, which have but at the same time, while holders are meeting any demand that exists, there is no real pressure to sell The market closes quiet, but steady.
The panic amongst dealers has not yet abated. On the contrary another cotton and cotton yarn buyer has succombed during the interval, with liabilities estimated at about $150000, and about 7,000 bales of yarn (mostly Indian) have thus been thrown back upon the market. This is the third failure during a period of two months, and a fourth is now openly talked about, and will in all probability shortly follow suit. The large Opium and Cotton Yarn Hong alluded to in last report is not yet out of the wood, go that the final crash is not averted, but somewhat delayed.
Sales during the interval aggregate 5/282 bales, arrivals amount to 11,213 bales, stocks estimated at 75,000, and sold but uncleared goods at 70,000 bales.
Local Manufacture:-Quotations are maintain ed, but there is very little doing, some 150, bales only of No. 10s having changed hands at $95 to $96.
quest, and sales of 100 bales Three Horses No. 168 Japanese Yarn-Is in comparatively better re-
at $124, and of 150 bales Red Peacock at $138, are reported.
Raw Cotton:-Holders of Indian staple have been anxious sellers, and a concession of 81 per Europe, and a comparatively good business en-picul bad to be granted to induce business. Sales sued. The Waste market has been quiet, but at reported are 220 bales Superfine Bengals at $31. the close a strong undertone prevails throughout | to $224, and 160 bales Thoongchow at $24.
Un the country, on account of some holders covering sold stocks are 2,500 bales Indian, and 300 bales short sales. Stock of silk in Canton 800 bales.
Chinese. Quotations are, $19 to $22) Indian, and $22 to $241 Shanghai.
RICE
Messrs. Wm. G. Hale & Co.'s Circular, dated Saigon 27th July, 1906, states :-Our market has fluctuated by a few cents during the period under review, but, on the whole, remains firm. £bont 10,000 tons have been sold this week to Europe. We quote for August to September delivery..
per picul. 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)
*
$3.44
$3.09
$2.99
$2.89
* Prices according to terms and conditions.
[ OPIUM.
HONGKONG, August 9th.
Quotations are:- Allowance net to I catty.
Malwa, New
.$950 to
—
per picul.
Malwa Old
$1000
to
Malwa Older
****.....$1050
to
do. do.
Malwa Very Old
***...$1120
to
do.
Persian Fine Quality..$700
to
w
do.
Persian Extra Fine
...6770
to
Patna New
.$977!
to
Patna Old
.$975 to
do.
.8925 to
do.
.$910 to
Benares New Benares Old
COAL.
do.
do.
Messrs. Hughes and Hough, in their Coal Report of 9th August, state that 14 steamers are expected at Hongkong with a total of 62,900 tons of coal. Since July 28th, 12 steamers have arrived with a total of 46,796 tons of coal. The Report also states that the market for all kinds has been very dull, and little business is reported.
Exchange on India has fluctuated slightly and closes to-day at Rs. 158 for T/T and Es. 1581 for Post. On Shanghai 724 and on Japan 103.
The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 4th instant, viz:-
Indian:-Market unsteady, and prices weak. Total sales about 4,000 bales with an estimated stock of 105,000 bales.
Japanese-No. 16s are slightly easier, but for No. 20s higher prices had to be paid. Total sales 2,000 bales on the basis of Tls. 881 ta 901 for No. 16s, and Tls. 103 to 1041 for No. 208.
Local:-Somewhat easier, but still no fresh business to report.
PIECE GOODS,
[Angust 11, 1006.
entirely. Manchester is still showing signs of wanting fresh orders, but in face of the unormous stocks here the dealers are not inclined to operate, to do so. The favourable reports of the American any more than Importers are to encourage them Cotton Crop is beginning to tell on prices, the latest Liverpool quotation for Mid-American being 5.99d., but Egyptian has advanced to 10 d. The export figures for July have not yet come in. There is no news of the New-York market, and ten state of trade in Newchwang has been further no fresh buying has been indulged in. The rot- demonstrated this week by the failure of another very prominent native" firm with liabilities amounting to upwards of eight lakhs of taels. Although, we understand, not directly, or at all events exclusively interested in Piece: Goods or Yarn, the misfortune is expected to affect the trade as a whole by impairing the credit of the place. Nankeens (Native Cloth) were shipped from here to extent of 190,000 piculs, which is the equivalent of 2,527,000 pieces each 10-lbs. and of an average value of Tis, 3.75 per piece. Taking that quantity 50,540 bales of Cotton, and that which would probably not come under the cognisance of the Imperial Maritime Customs in its raw strate, and add it to what actually does, it gives approximately a-supply of 325,000 bales of 500 lbs. each per annun. Meanwhile the impass in Manchuria remains unabated, and in spite of the reiterated protests of the Japanese press that everything is being done to open the Country to foreign trade, the natives are obstruct- ed all the time in various but very effective ways in their attempts, to carry on a legitimate trade, even at the centres already declared to be open and free from Japanese influence.
MISCELLANOEUS IMPORTS. HONGKONG, 10th August.— The prices ruling are as follows:-
COTTON YARN-Market has ruled quiet for tho greater part of the period, and small sales have been effected at a réduction of about $1 per bale. Quotations are:-No. 10s. at $85 to $112, No. 10s. at $108 to $132 and No. 208. at $114 to $142. Arrivals 15,000 bales; Shipments 4,000 balos; Sales 5,000 bales; Bargains 88,000 bales. Unsold stock, 64,000 bales.
Bombay-Nos. 10 to 20, English-Nos. 16 to 24, 22 to 24, 28 to 82,
21
38 to 42,
Reported sales 5,000 bales.
***
***
për bale
$90.00 to $128.00 140.00 to 160.00 160.00 to 165.00
167.50 to 175.00
180.00 to 190.00
per pieco
COTTON PIECE GOODS-Small sales. Market
quiet.
་་་་་
Grey Shirtings-- 7lbs.
$2,55 8.4 lbs. 3.35 to $4.10 9 to 10 lbs. 4.10 to 5,80 White Shirtings-54 to 56 rd. 2.02 to 9.00 58 to 00 2.92 to 9.00 64 to 66 2.92 to 9.00 Fine......... 2.02 to 0.00 Book-folds 2.92 to 0.00
"
Victoria Lawns-12 yards ... 1.65 to 1.80 T-Cloths-6lbs. 82 in. Ord'y. 2.25 to 2.00
11
7lbs. 82 0lbs. 32
"
19
}}
2.25 to 2,90 Mexa. 2,25 to 2.90
2.25 to $2.00
"
7lbs. 32,.
8 to 8.4 oz., 86 in. 8.10 to 3.05
Drilla, English-40 yds., 184
to 14 lbs. 4.50 to 6.50 FANCY COTTON-Small sales. Market quiet.
per piece Turkey Bed Shirtings—1) to } $1.75 to $4.50
8 lbs.}
Brocades-Dyed ........ Chintzes, Assorted ..... Velvets-Black, 22 in..
per yard $0.12 to $0.15 ...0.07} tą 0,30 0.2% to 0. là
Velveteens-18 in., ..................................... 0:22) to 0.25
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai 2nd August, 1906, states:-There is very little of an interesting nature to write about, our market having relapsed into a state bordering on stag- nation again. Hopes have been dashed to the ground, and prospects are just as gloomy as over. It was thought that when the very reasonably per chest. priced goods which were shipped from here during the last two months reached their destinations that the demand would be stimulated and fresh orders be forthcoming. Not so, however, as they have apparently only gone to already glufted markets, and no repeat orders have been received. Even the small demand there was recently for four yard American Sheetings has been satiated, and since the publication of the stocks nothing seems to have struck the dealers as safe to touch with the exception of Fast Black Cotton Italians, and for these a fair number of indenta bave gone through for December/February shipment. There have, however, been a good many disappointments, as is usual with the fancy goods business; where prices have suited, the delivery has not, and vice versa. Begular Importers are complaining bit- terly of the havoc that has been made of some branches of their trade by the indiscriminate way in which small dealers here have been induced to place orders for goods, the capacity of the market for which they know nothing about by special representatives of Manchester houses, and which is bound to lead to a good many burnt Per steamer Bayern, sailed on lat August. For fingers. The paralysed state of the White Shirt-Genoa-218 cases cassia, 209 bales` raw silk, 1 bale waste silk, case curios, 1 case fans. For lines of Dyed fabrics. The fears of Hoods and Antwerp :--245 bales leaf tobacco, 20 cases cain- scarcity of rice are just as serious as ever and phorwood trunks, 17 cases chinaware, 2 canos black--- are undoubtedly accountable for the stagnation woodware, 1 case, bamboo fans For Bremen - in the demand for the River markets and Sze-266 rolls matting. For Hamburg 1-107, bales se chuen. The weather is once moreo to be blamed canes, -21. cases bristles, » 10. cases blackwood-sy for the poorness of deliveries, the heavy main | ware, 10, cases paper, 4 cases feathers For during the last two days stopping clearances Copenhagen :-1-chee chinaw
Quotations:-- Cardiff. $15.00 ex-ship, nominal. Australian ..89.50 to $9.75 ex-ship, quiet. Yubari Lump...$12.00 nominal. Milki Lump
$12.00 nominal.
Moji Lump......$7.25 to $10.00 ex-ship, steady. Moji unscreened$7.00 to $7.50 ex-ship, steady. Akaike Lump...$9.00 to $9.50 steady. Bengal......
.$9.00 to 19.75 nominal.
RAW COTTON.
HONGKONG, 10th August.-Fair business at lasting market is largely due to this and also certain prices, Stock about 900 bales. Bombay
$18.00 to $20.00 per pel. Bengal (New),Rangoon) 21.00 to 23.50
and Da Shanghai and Japanese...26.00 to 27.00 Tungchow and Ningpo. 21.26.00 to 27.00
I sales, 400 bags,
* །
19
}}
:
per doz. Handkerchiefs-Imitation Silk ...0.60 to 1.50 WOOLLENS—Market sick Small sales.
per yard Spanish Stripes-Sundry chops$0.85 to'
per piece Long Ells-Scarlet, 7-9 lbs. $7.75- to $9.35
Assorted
7.90 to 9.50
MISCELLANEOUS EXPORTS.
Vj
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