178
COMMERCIAL.
KOBE MARKET REPORT.
The Kobe Market Report, published under the direction of the Hiogo and Osaka General Cham- ber of Commerce, and dated 31st August, 1906, has the following :-
IMPORTS.
Cotton.-American.- Owing to favourable crop prospects the market has shown an abrupt down fall for forward delivery, and during the fortnight over 100,000 bales have been contracted for. Legitimate sales are handicapped in consequence of speculations which still continue to prevail at much below home rates. 'Spot" business is at a standstill owing to the absence of stocks. Mid-
dling is quoted at Yen 32. Indian-Large transactions are reported on a speculative basis in "forward" at prices much below home quota- tions. Spot sales are very dull. Closing rates are:-Best Broach, Yen 27.50; Akola Rhamguam, Yen 22,50; Bengal Yen 20.
Chinese. The high prices ruling are prohibiting all chance of forward business, and sales of spot cargo are trifling in consequence of small stocks. Quotations are:- Best quality Yen 27.50; Common quality Yen 24.50. Shirtings. Greys. The Autumn season is very late this year. Deliveries are bad and prices weak and rather nominal. White.- The market is weak, the season having passed. Cotton Goods and Fancies.—The Autunin sesson is late. Prints and Velvets. -Business is not brisk, but importations can be sold without loss. Cotton Italians.-Ordinary finished goods are gradually finding a market at fair rates, but the silk finished article is in no demand, and limits are very poor. This latter remark also applies to Cotton Flannels and Lawns, which are in large supply. Worsteds and Woollens. Opening deliveries are being made on a satisfactory scale and dealers sell easily and at good prices to the interior. Window Glass. Further arrivals have weakened the market. Metals.-The firm and rising tendency of the home markets has not been responded to on this side. Transactions therefore are very limited. Sugar.-Bøet.-After a short period of great activity principally in connection with the "Bon" festival a quieter tone appears to reign again, and prices for German Bect which had gone up from Yen 15.30 to Yen 15.40 have now to be quoted 10 to 15 cents per picul lower. Cane.- Hongkong Refined-The market is firm and prices show an upward tendency. There is however no new business to report. Osaka Refined-At this auction, held in Osaka on the 25th August, 7,000 bags changed hands at prices which showed advances of from 30 to 38
вед.
Rice.-Market quiet, little business doing.
EXPORTS.
were
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Tea.-Settlements to date amount to pieuls 56,000 against piculs 74,000 to the same date last year. Fish Oil. Several thousand cases bought at Yen 6.25 and the quotation has advanced to Yen 6.50 per 100 kin with only a limited quantity available for export. Copper.- Several hundred tons changed hands and quota tions experienced a further advance in sympathy with London reports. Rice. Prices advanced owing to decreasing stocks. Crop prospects continue to be very favourable, and if the flower- ing season Nihyaku-toka until Nihyaku-hatsuka, 210-220th day of Chinese Calendar, pass off satis factory a bountiful harvest may be looked for. Cotton Yarn.-Small export has been done by speculators. Vegetable Wax.- Market although dull has continued to advance, and closes firin with upward tendency. In the fortnight under review only some 500 cases are reported to have changed hands between Yen 30 and Yen 31, but for further transactions as refiners are holding out for higher prices. Matting.-A decidedly firmer! tone has been apparent with only meagre supplies coming from the interior. Straw Braid.-A very strong demand set in for many descriptions during the past fortnight and considerable settle- ments have been reported at elightly higher prices, the market closing very firm with upward tendency. Chip Braid.-A fair demand continues for a few descriptions, but the enquiry has not been anything like as brisk as could be expected at this period of the season.
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HONGKONG WEEKLY PRESS AND
tempt buyers, who are waiting for further news of early shipments. Many of the chops of Pingsuey! are "Fine" teas compared with the coarse! | liquoring Fychows and Local packs now on offer Country Teas. The confidence of buyers in future prospects continues unabated, although the valua tions received from America on overland musters, are anything but encouraging. Buying has perhaps not been so eager as it was at the date of our last Report, but the market is still active; prices are irregular but on the whole shew a strong market. Wenchows Local Packs.-The business done has been small, no doubt owing to the poor quality on offer. Foong Mees-Only a small business has been put through; prices are unchanged. Sou Mees. Although the business done has only been small in volume yet the few settlements shew a distinctly stronger market. Fine quality is only Hysons. The demand mentioned in our last has in very small stock and held for higher prices; |
continued, but latterly it has been chiefly on speculative account between Chinese and not for export.
SILK.
Messrs. F. C. Heffer's Circular, dated Shanghai, 5th September, 1906, has the following:--Tele! grams report firm markets at home, and quote Gold Kiling in London at 13/3, and in Lyons at Fea. 36,50. Raw Silk.-During the period under review a fair business has been done in all dese criptions of white silk. Some 1,000 hales Tsatlees have been settled, the market advancing Tls. ₺ towards the close. In consequence of a further rise in exchange during the last few days the demand has slackened off. Hand Filatures- Have also been in demand for the continent on
the basis of Tls. 620 for small Buffalo 1 ord. reel. For America, 100 B. M. H. Y. Blue Dragon and Feima have been booked at Tls. 725 for B. Dragon Extra. Steam Filatures.-Nothing doing with America, but a moderate business in fine sizes continues with Europe. Yellow Silks-Market is very quiet, Mienyangs are scarce and relatively firmly hold; other descriptions are weak.
OPIUM.
HONGKONG, 6th September, 1906.-Since the 23rd ultimo, the wovements in our various Opium markets have been as follows:-
Stocks as per circular of
Malca. Patna Benares. Persian.
1.333 1.633 875 1,555
1,173
431 25
23rd ultima, 1906 Aug. 7th imports per Nam Sang
Salazie Sept. 3rd
Derauha
5th
Less Exports to Shanghai Less Exports to East and West Coast Ports including Local Consumption for the fortnight..
30
1,301 1,077
an
4151
1,748) 2,806 132 264
2634 550
225
79
1,373 1,999
906 1,604
Estimated Stocks this day
Bengal.--The market has been very dull indeed, owing to the continual rise in exchange. No quotations can be given as they are purely nominal.
Malwa A very small business has been trana- acted in best old drug and prices have further declined about $30 for new and $20 for old opiumi.
Quotations are :-
New
2 3
4/5
years old
10
11
..$ 900
960
1,020
1,000
Oldest Persian-Business is small and prices are steady.
The
PIECE GOODS. Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai, 8th September, 1906, states:-During the interval two or three important events have occurred that have a very special bearing on this trade, and should not be passed over without some comment. The first was the opening of Tairen (late Dalny) as a free port to the trade of the world. original announcement that this was to be done was worded in such an ambiguous manner it appeared that the intention was to open it only as regards commercial intercourse direct with Japan, but this misunderstanding has been ex plained away. However, any benefits that could possibly accrue to the outside world have been entirely negatived by the further declaration of Japan that no Chinese Customs House will be permitted there until similar stations are estabi Messrs. Welch, Lewis & Co.'s Report dated lished in the Northern parts of Manchuria on Shanghai, 1st September, 1908, has the following: the frontiers of the Russian territory. There is -Black Teas-Business reported is about the certainly a good deal of reason and common sense same in quantity as for the previous interval. in this. For some cause, Goodness knows why, Buyers are few and the prices remain unchanged. Eussian overland importers into Manchuria never Green Teas.-Pingsueys.-Considering the size of have been subject to the Duties of China, possibly the stock on offer the volume of business done has for the reason that her imports were mostly come- been insignificant. Native holders of pure teas stibles which, prior to the Mackay Treaty, were are very firm, and in some cases ask for an advance
not dutiable. All that is changed now and she is on previous rates. A possible decline of Tls. 1-2 evading the self-imposed imposta of other Treaty en somewhat inferior tess is not sufficient to Powers. It is of course incumbent ou China tổ
TEA.
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[September 17, 1906.
the
do away with the anomaly, and her hesitancy to do so is evidently due to her knowledge that she is powerless to enforce it. For that reason it is absolutely necessary, as we wrote on the 44th June last, for the interested Governments to put pressure on, and if necessary give moral support to, China to get back the control of her provinces, and place the Japanese trade on a parity with that of other countries who have the most favoured nation clause in their treaties. Great Britain, the United States and Germany should work together strenuously to attain this end with as little delay as possible. It has also been announced by Japan that her administration of Yinkow will be withdrawn on the 1st October, and Newchwang will regain its status quotante. The next important event was the publication of a long Imperial Decree on the subject of a constitu. tion for China. It is so full of practical common sense and hears such unmistakable evidence of earnest endeavour to consummate the end in view, that it had created a very favourable impression amongst both the native progressive classes and foreigners alike. The idea to commence
doubtful if the mandarinate in China will 80 reforms at the top is the right one, but it is
loyally consent to deface themselves as did the Feudal Lords in Japan without a considerable struggle. Another important event was short visit of Sir John Jordan, the new British · Minister to Peking. The gentleman who has held the post of Charge d'Affaires since Sir Ernest Satow left has unquestionably looked after his Country's interests with conspicuous ability, bat' cannot possibly carry the same weight with the native authorities as a fully accredited ambassa- dor. Sir John has created a very favourable impression here, and the sudden haste with which he cut short his visit shows that he is fully alive to the necessity of being up and doing. Locally our market has been in a state of stag- nation, and we have not heard of anything having been done from first hands with the exception of a few orders for Fancies, the latter being of a decidedly retail nature. The absence of demand was very clearly shown at the auction this morn- ing, bidding being very lifeless, and were it not for the fact that several natives hold stock of auction goods it is doubtful if prices would have been as high as they were. As it was prices for Grey and White Shirtings show a decline of one or two mace per piece, but curiously enough those for Black Italians were fairly steady. Clearances, much to the regret of every one, continue poor. The tendency of the Liverpool · cotton market has been downward, the latest quotations for Mid. Orleans being 5.36d., but price for Egyptian appears firmer, being now quoted 10d. Advices from Manchester and New Tork show both markets to be steady. The export of Plain Cottons from England to China for the months of August are wired privately as twenty-two million yards, being seven million yards less than last month, and 2,500 bales of yaru. Advices from the various outports are not of an encouraging nature, with perhaps the ex- ception of Newchwang, which is reported, through native sources, to be a little better. Some 1,200 to 1,300 packages were shipped last week to Kores, and the natives are awaiting advices of their reception before shipping any more.
MISCELLANEOUS EXPORTS. HANKOW, 5th Sept., 1906:-The prices quoted are for the net shipping weight excluding cost of packing for export :-
Per picul. Cowhides, Best Selected...
Tls. 88.00
J+
38.00 18.60
**
Do. Seconds Buffalo Hides, Best Selected Goatskins, untanned, chiefly white colour,, (nom.) Buffalo Horns, average 3-Ibs, each White China Grass, Wuchang 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, Kiyu, Animal Tallow Gallnuts, usual shape
Do. Plum do. Tobacco, Tingchow
Do. Wongkong Black Bristles Feathers, Grey and/or White Duck..
Wild Duck
"3
77
Turmeric Sesamum Seed Fesamum Seed Oil Vegetable Tallow Seed Oil. Wood Oil Tea Ou
L
"
8.50
10.50
10.00
18.00
"
5.60
+1
11.50
""
11.00
"
9.50
9.70
10.00
J
16.00
18.00
"
9.00
11.00
1.
115,00
1
"T
(nom.)
#
**
#
3.50
4.40
7.50
"
"
(nom.) 8.70 (nom.)
1
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