:
October 6, 1906.]
R. F. O. Bird ...
R. Hancock
BOWLING ANALYSIS,
0. M. R. W.
16 0 69 4
6 1 17 0
10.23 17
H. E. Stanger Leather
C. H. Mackay... G. E. Morrell...
2 0 G 4 0 12 1 When Hongkong commenced the second innings, only Captain Smith was able to make a stand against the trundling, as Lanning was again bowling in deadly style. The visitors were dismissed at 2.40, Shanghai therefor, winning by 139 runs,
The wicket was rather tricky. The scores in Hongkong's second innings were:
Dixon, c Weippert, b Dew Lucy, b Lanning
Stanger-Lathes run out Phelips c Wheen b Mule
Mackay b Lanning
Bird e Daw b Moule
Extras
Total
CHINA OVERLAND TRADE REPORT.
COMMERCIAL.
241
4. That foreign firms and importers enter into an agreement with the undersigned nine yarn dealing firms to deal exclusively with them for the term of 3 years, and with no other new firms HANKOW, 26th Sept., 1906.—Business reported that might come into existence during that since the 19th inst. is as under :--
Settlements
TEA.
Shipments to Shanghai
1906. -Chests.
3,189
on Native account ...)1,814
1903. 4-Chests,
The following are statistics at date compared with the corresponding circular of last season, viz. 27th September, 1905.
1905 -Chests. 436,542
10
1
HANKOW TEA.
1906. 4-Cheste
Smith, b Moule ...
21
Settlements...
.381,571
Turner b Lanning
6
Shipments to Shanghai
Hancock e Moule b Lanning
12
on Native account
68,700
Woodward b Lanning
Stock
20,796
11,323 46,817
Morrell not ont...
9
Arrivals
¥71,067
#44,672
(
1900.
3
KICKIANG T'KA.
4-Chests.
Settlements
い
,158,018
1905. !-Chests.
177,880
3
Shipments to Shanghai
on Native account
Stock
10.152 2,527
3.404 6,875
66
Arrivals.
171,197
187,659
OPIUM.
Quotations are:
HONGKONG October 4th Allowance net to 1 cafty.
Malwa New
$880
10
per picul.
Malwa Old
$940
10
do.
Malwa Older
..$1000
to
do.
$1040
to
rlo.
Persian Fine Quality
..$700
to
do
Persian Extra Fine
.$780
10
$896 to
do. per chest.
8903 to
$840 to
do.
Shanghai folded well.
(Lanning took five wickets for 34 runs and Moule three wickets for Is ruas,`
MISCELLANEOUS.
The American Government's call for tenders for the supply of Chinese coolie labour on the Panama canal works is not likely to achieve much. The terms offered to tenderers are considered prohibitive.
The total of Treasury receip's between January 1st and July 31st is 825, 45,781.39, while the payments ut amounted to 822,354,056.87. The Colony's liabilities on July 31st were $3,298, 25.16, and its assets $3,9 1,145.93, the balance on the credit side being $612,920.53
|
The statement up to June 30th of the Biuk of Taiwan shows assets amounting to Yen 27,299,157. of which Yen 2,50,000 i‹ uncalled capital. Under the heading of liabilities are shown en 8 956.708 being the amount of notes in circulation, Yen 2,000, (0 the amount of ! government account, Yen 5,000,000 authorised capital, and other items, leaving a net profit of Yên 244 120. The statement indicates a grow- ing business and satisfactory progress.
The Hongkong correspondent of the N.-C. Daily News, discussing the forthcoming Arts and Crafts Exhibicion, remarks :-" I ventore to think, however, that the majority of the residents are fonder of dollars than they are of art treasures, though this is no reason why they should not be allured to learn to appreciate the former also." We hope our Shanghai neigh. bours will not take this too seriously.
:
The opening social of the Union Church · Literary Club, Hougkong, place on Oct. 4th., There Was a la ge attendance and a. satisfactory enrolment of members for the coming session followed the remarks of the President (Rev. C. H. Hickling) and the Soretary (Mr. E. P. Aucott). Mr. A. OD Gourdin resited selections from Macaulay, and an exhibition of butterflies by Colour Sergeant Bullock, R.W.K., who also gave an interesting discourse on the subj-ot, proved very attractive. Mr. Gale lent a bo k of plater.
A native was committed to six months' hard labour for breaking into a pawnbroker's shop, being in unl.wfnl possession of a dagger, and being in unlawful possession of hous-breaker's appliances. When he entered the shop the pawnbroker noticed him but not osring to tackle him alone he lay on his couch and called for his foki downstairs to bring him up a cup of tea. Meanwhile the burglar, thinking he was unseen, hid himself. When the foki arrived the pawn- broker explained that there was a thief in the house.
The defendant however jumped up brandished his dagger and kept the men off. Then rushing to the verandab he leaped to the ground, a distance of eighteen feet, and was bnised. Be was able to appear before the Magistrate and was punished as stated.
[
i
Malwa Very Old
Patna New Patna Old Benares New Benares Old
$830 to
COAL.
Messrs. Hughes and Hough, in their Coal Report of 5th October, state that 11 steamers aro expected at Hongkong with a total of 45,750 tons of coal. Since September 20th 8 steamers have arrived with a total of 22,428 tons of eon1. Quotations:---
Cardiff
$15.00 ex-ship, nominal Australiau $9.50 to 89.75 ex-ship, quiet. Yubari Lump...$12.00 nominal. Miiki Lump $12.00 nominal.
Moji Lump... .87.00 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.
89.00 to 19.50 nominal.;
RAW COTTON.
HONGKONG, 5th October.-Market quiet, values as lower by $1 to 81). Stock about 700 bales. Bombay.
$17.00 to $20.00 per Bengal (New), Rangoon 20.00 to 2100
and Dacca Shanghai and Japanese Tungehow and Ningpo
Reported sales, 75 bags.
21.00 23.00 to 23.00 to 2400
YARN.
period.
3.—That foreign firms and importers will forego and not charge the customary 2 cents per bale dus on our present purchased but not taken delivery of stock.
Apart from the extravagant nature of some of the demands, and taking into consideration the extent and magnitude of the transactions, the serious loss in values, the incessant arrivals of contract goods, and the varied and extensive interests involved, the possibility of the proposals being accepted by importers is very remote. The turn that the next fortnight or two will bring forth is therefore looked forward to with great anxiety by all concerned. Whilst this is being written we hear of a large dealer with heavy liabilities having disappeared from the market.
Sales of the interval are nil, arrivals amount to 8.736 bales, stocks estimated at 88,500, and sold but uncleared goods in native handa 57,000 bales.
Loen! Manufacture :-No business is reported. Japanese Yarn:-Sales of about 500 bales No. 20s at from $124 to $127 are reported.
Raw Cotton: -The sale of a parcel of 37 bales Superfine Bengals at $20 is the only business of the fortnight China Cotton quiet. Quotations are $17 to 820 Indian, and $20 to $24) China.
Exchange on India closes to-day at Rs. 1651 for T/T. and Ps. 166 for Post. On Shanghai 73} and 102 Jajami 100.
The undernoted business in imported and local spinnings is reported from Shanghai during the week ended the 22nd ultimo; viz:-
Indian: --Total sales about 7,000 hales, at or about former prices, market closing weak. Estim- ated stock about 115,000, bales.
Japanese: In less inquiry, only 1,000 bales changing hands on the basis of Tls. 85 to 91 for No. 168 and 11s. 100 to 1004 for No. 20s.
Local:- No business
PIECE GOODS.
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai, 27th September, 1906, states:-Fortuitous circum- stances over which we had no control forced us to write a very brief report last week, not that there was anything of much importance to record. Still there was the disastrous typhoon on the 18th inst. in Hongkong which wreaked such havoc, and its bearing on this trade is likely to have some effect on account of the heavy loss of goods that were in lighters alongside the steamers, both discharging and loading. It will be some time, before this will be known even approximately, but it is a fact that fully three-fourths of the foreign lighters, in addition to hundreds of native craft, were sunk in the harbour. And it is also known that the loss to Marine Insurance Com- panies in London amounts to a million sterling. With this wholesale wreckage of lighters, laun- pel.ches, wharves and quays the trade of the Colony, already had, is now absolutely paralised, and it is impossible for this market to render assistance, though doubtless a good proportion of the future arrivals of optional cargo will find its way here, at least that is the fear. Our market showns no The improvement in the way of clearances. situation at present is this: the dealers have ample supplies of goods on hand, against which they have had to pay the bills when exchange contracts became due, and these, together with the regular supplies they know they can rely on weekly at the Auctions, are ample to meet the present con- They therefore have to sumptive demand. trouble the import houses very little for fresh goods, and appear quite able to regulate prices, as is evidenced by the Auction results; and though this, of course, applies more to Manchester goods than to American makes, they admit that they would be able to sell large quantities of the latter if they conceded a little more in price than they are at present willing to do. They evidently realise that the buyers in the Northern markets are taking every advantage of the situation here as regards supplies, and are determined to resist the squeeze if possible. Manufacturers can best serve the interests of their supporters here, as well as their own, but abstaining for a while from pressing their goods on this market. Give it an absolute rest for four or five months and let holders here have a chance of working off the un- wieldy stock, before goods are thrust on the mar ket again. It must not be forgotten that, in addi- tion to the high cost originally of the goods here, it has been considerábly enhanced by interest and storage charges. Unless some concerted action of that nature is arranged there will be such an upheaval in this trade as has never before been
Mr. P. Eduljee, in his report dated Hangkong, 5th October, 1906, says :--The tension in our yarn market is assuming an intensely acute and alarming proportion. The facilities granted by foreign importers to the trade, as mentioned in last report, having been deemed inadequate, the nine native yarn-deling firms in this Colony have in a joint letter to the importers asked for further concessions, as embodied in the under- mentioned five proposals, stating "that if no relief is afforded or means of relief devised soon, bank-
ruptcy and ruin will be certain consequence.'" They propose:
1.--That yarn dealers be allowed to pay one- third of any difference in purchase price with present value on taking delivery, and the balance of two-thirds be paid by Promissory Notes for 12 months, such Promissory Notes to be made at the end of the current month, when the total of the two-thirds owing can be totalled up and ascer- tained.
2.--Such Promissory Notes for 12 months, if not paid on due date, half to be paid then, and the other half to be paid by a further Promissory Note for 12 months, at the expiration of which date no further time to be asked for or allowed.
3.-That 12 months be allowed yarn dealers to clear all balance of stock purchased and not taken delivery of.
|
|
No comments yet.
Private notes are available after approval.