198
COMMERCIAL.
HONGKONG WEEKLY PRESS AND
COAL.
Messrs. Hughes and Hough, in their Coal Report of 21st September, state that 9 steamers are expected at Hongkong with a total of 37,550 HANKOW, 12th Sept., 1906.-Business reported tons of coal. Since September 8th & steamers since the 5th inst. is as under :---
TEA.
1906.
1905.
-Chesta.
-Cheats.
4
8,000
Settlements Shipments to Shanghai
on Native account
The following are statistics at date compared. with the corresponding circular of last season, viz. 13th September, 1905.
1903. -Chests.
435.191
1906.
HANKOW TRA.
-Chests.
Settlements
.376,910
Shipments to Shanghai
on Native account
45,235
Stock
***
38,072
Arrivals...
160,217
1906.
KIUKIANG TEA.
-Chests.
Settlements
... 158,018
11,323 42.072
189,276
1905. -Chests. 177.560
Shipments to Shanghai
on Native account 10,632
Stock
2,527
Arrivals... 171,197
3.404 6,695
187,659
SILK.
CANTON, 8th September, 1906.-Fifth Crop.-It is difficult at present to ascertain any exact cipher for this crop, owing to the very changeable weather. Silk Market. Last month's enquiry continued unabated during the first part of the fortnight, though local values aud exchange were going up.
Frs. 9/11 and 10:12 have especially attention from European buyers but they are still very scarce. At the close the market is ieter. Cantoner purchases have been made for
have arrived with a total of 27,300 tons of coal. Quotations:- Cardiff...
$15.00 ex-ship, nominal. Australian 39.50 to $9.75 ex-ship, quiet. Yuhari Lump...$12.00 nominal. Miiki Lump
.312.00 nominal.
Moji Lump. ....$7.25 to $10.00 ex-ship, steady. Moji unscreened$7.00 to $7.50 ex-ship, strady. Akaike Lump...89.00 to $9.50 steady. Bengal
$9.00 to 19.75 nominal.
RAW COTTON. HONGKONG, 21st September. At a reduction of $1 sinal business passed. Stock about 1,000 hales. Bombay
$18.00 to $20.00 per pql.
20.00 to 22.00
Bengal (New, Rangoon
and Dacca Shanghai and Japanese ...24.00 to 23.00 Tungehow and Ningpo...2400 to 2506
Reported sales, 80 bags.
YARN.
+1
Mr. P. Eduljee, in his report dated Hongkong, 21st September, says: Shortly after the departure of last mail a meeting of yarn importers was held at the offices of Messrs. S. J. David and Company, and at the request of Native dealers and Coni. pradores it was decided that no sales of any Indian and Japanese yarn be made to any Chinese or Foreigners here in Hongkong or Conat Ports from the 17th instant, the dealers on their part for a further period of two months commencing binding themselves not to make any purchases from any importing firm whether European, Indian or Japanese during the period. There are. therefore, no sales to report, and in the absence of
nominal. business quotations must be considered entirely
Arrivals during the interval amount to 6,411 hales, unsold stock estimated at 90,000, and sold but uncleared yarn in Chinese hands at 60,000
ór ieerful basis of $870 $880 for Extra Extra | hales, ra-arket --Has risen in sympathy with
trip's su
market. There are very few huyers
―
Local Manufacture : Indian article continues without enquiry, the mill In sympathy with the
elang 104, but the tone in country is rather working only one or two days in the week.
ope
nt
where native spaculators continue to Stock of silk in Canton : 401 hales.
OPIUM.
HONGKONG, 17th September, 1906.-Since the 6th instant the movements in our various Opium markets have been as follows:-
Malea. Putna. Benares. Persian,
1,373 1,92%
Stocks as per circular of
6th September, 1906 Sept. 8th Imports per A. Apcur
14
8th
་་
13th
|
וי
Denbighshire Kut Sang
Less Exports to Shanghai Less Exports to East and West Coast Parts including Local Consumption for the fortnight..
Estimated Stocks this day
19 1,604 175 93
33.5
277 137
2,622 1.401 1,604
194 EXE
1,378
46
166
193 266
1,161 1,937 1,101 1,53
Bengal. During the latter part of the fort- night business has been done on a fairly large scale in sympathy with Shanghai. Prices, after declining to $915 and 8840 for Old Patna and Benares, $900 and $840 for New Patna and Benares, recovered to $920 and 1845 for Old Patna and Benares, $922) and $860 for New Patna and Benares. Business in New Bengal to arrive has been done at $915 and $860.
Malwa.-Abont 150 chests changed hands at previous quotations and the market closes quiet.
Quotations are:—
New 2
$ 900
years old
3
14
4/5
"
960 1,020 1,060 Persian. There is no change to report.
Quotations are:-
HONGKONG, September 20th Allowance net to 1 catty.
$900 to
per picul.
do.
Malwa New
Malwa Old
$960
to
Malwa Older
$10:0 to
do.
Malwa Very Old
$1060 to
do.
Persian Fine Quality ..$700
to
do.
Persian Extra Fine ...$780
to
Patna New
$910
Patna Old
to .$920 to .$857) to
la,
.$840
to
do. do.
Benares New Benares Old
do. per chest.
Japanese Yarn :-No sales.
Raw Cotton: Is without enquiry, and values are entirely nominal. The only business passing is of a retail character in Bengals of which 72 hales are reported sold at $19. Stocks: Indian 775 bales, Chinese 243. We quote Indian 818 ( 821 and Chinese $20 to $23.
closes weak to-day at Rs. 164 and 164 respec- Exchange on India, after slight fluctuations
tively. On Shanghai 734, and on Japan 1071.
The undermentioned business in imported and local spinnings is reported from Shanghai during the fortnight ended the 15th instant, viz:~-~
Indian-Market active with large sales at the close at irregular prices, which may be called 1 to 3 taels lower; sales about 12,000 bales; unsold stock 115,000 bales.
Japanese-In moderate request at easier prices, sales amounting to 3,000 hales on the basis of Tis. 83 to Tls. 91 for No. 18s, and Tls. 99 to Tis. 101 for No. 28.
Local:- After a long interval a contract of 2,000 bales No. 148 at Tls. 821 is reporter.
PIECE GOODS.
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai|| 13th September, 1906, states:--- If anything more were needed to depress our market the further rise in exchange has done so effectually. It is of course bearing very hard on holders of goods that are on a tael basis, and it is estimated that fully one third of the goods now in stock here are so affected. It is not surprising, therefore, if a speculative holder--and there are many outside the regular trade who have been induced to have their little flutter-suddenly decides to cut his loss, and clears out at the best price obtainable, as has been done recently in some lines of goods, all of which naturally intensifies the depression. Holders of Manchester goods are less despondent of the future. and think there is a fair chance of supplies being very considerably reduced before any further for- ward buying is indulged in, though some houses are deeming it necessary to secure a supply of cloth for their old established chops at the opening of the new season. This Manchester is giving them the opportunity to do now, offering some classes of goods 4d. to 6d. under prices they were quoting a month ago. Buying, however, is, far from general. Fortunately for holders of cotton goods here the raw staple is keeping up fairly well, the latest quotation showing a recovery to 5.54d. for Mid American, but at the same time
|
|
[September 22, 1906
Egyptian is sagging, 941d. being the last price wired. News of the new American cotton crop is received as yet. We hear, however, from private slow in coming in, no official report having been
telegraphs that they have good reason to think it sources, the New York house of a prominent firm
will not be less than 12,500,000 bales. The latest quotation for November option is 9,06 cents gold, which would certainly go to confirm the above estimate. The market in New York for goods is remarkably strong. Drills have been offered to this market at 138. Od. for Pepperell and 118, 10d. for Piedmont K. the former being the price at which India has been buying lately. Clearances during the early part of the interval were much interfered with by the bad weather, but latterly they have not been altogether unsatisfactory. If the deliveries to date are compared with the same period in 1904, when the trade was on a normal basis, the increase they show is quite satisfactory. the much abused White Shirtings being actually in excess. The reports of floods and famines from different parts still continue, and we were within an ace of doing a little in the former line ourselves on the 10th instant, when 4.62 inches of rain fell in the 24 hours. No damage is reported of any consequence, and thé natives are now relieved of that bogie which has haunted them for weeks past. That, the growing crops of cotton and rice may have suffered is quite possible, and on the strength of it prices have gone up.
As regards the former, however, the prospects are still very favourable, and although the growth has been somewhat retarded it is expected to be a bumper crop. The yarn market is in a very depressed state, and though rather more business has been done during the interval, prices had to be ent considerably to induce a demand.
The only business from first bands has been done at the pressed state of the market and the rise in Grey Shirtings.-Considering the de-
exchange, remarkably steady prices have ruled for all weights at the auction, there being not a few instances where an actual advance took place White Shirtings. The commoner 64-reeds at the this mornings' sale advanced from 4 to 6 can- dareens, but the better market declined as much. Easier prices were paid for the 72-reeds, but in the better cloths prices showed a firmer tendency. It is reported that native holders are re-selling fine goods at a tremendous sacrifice. T-Cloths prices at auction, but the small lots of the latter and Jeans. The former realised slightly lower
improved. Drills and Sheetings. Re-sales of these goods are being made at very low prices, weak holders being anxious to quit, the Tientsin men as usual being ever ready to pick up bargains. A re-sale of a 3 yard Sheeting at Tls. 8.10 is being much talked about it was only 60 old bales held by an outsider. Fancy Goods. A small indent business is being done in a variety of different makes of dyed goods, the terms of delivery in some cases extending as far forward as November next year.
auctions.
The enquiry for prints is quiet. Fancy makes are rapidly coming into favour now as under garments in place of White Sheetings, which, in consequence, are being dyed for use as outer garments. Old chops of Turkey Reds have realised firmer prices at auction, but the new chops lately introduced declined this morning slightly over an average of 10% Fast Blacks were disposed of at somewhat irregular prices, Woollens. On the whole the auctions have shown rather a firmer tone this week, which well they might considering the higher prices for wool in the home markets. Camlets, Long-Ells and Lasting all show some improvement in prices, but Spanish Stripes alone have been slightly easier. Cotton Yarn.-Indian-Holders have shown them- selves willing to make considerable concession, and thereby a fair amount of buying has been induced for the River markets. Most attention has been paid to No. 20s., in spite of their relative dearness. No doubt the extreme depression in Hongkong is having some reflection on the market.
MISCELLANEOUS EXPORTS. Messrs. Wheelock & Co.'s Report of the 18th August, 1906, states:-Our Homeward Freight Market is in a worse state even than at last-time of writing, and ships are receiving practically no support on any of the "Home" bertha barring of course, the mail lines which secure whatever there is of and importance to go forward. Const- wise Here also things are as bad as they possibly can be, and the number of ships laying- up is inceeasing day by day, whilst there is absolutely no demand for tonnage in any direc tion, neither in coal nor coast-freights. Rates are again at their lowest ebb and are weak at that, but we do not think any ship would accept an offer below current rates unless absolutely obliged to ty force of circumstances,
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