262
The British ship Erkasoni, bound from Manila to Royal Roads BC., encountered the typhoon on September 28th and was dis- masted. She was, however, picked up by the steamer Amura and towed to Hongkong.
On Oct. 8th at the office of the Public Works Department the letting by public auction sale took place of one lot of Crown land at Hunghom for a term of 75 years, with usual option of renewal. The lot contains 27.018 square feet, carrying an annual Crown reut of $248. The upset price was $33,773, There was no com- petition and with a bid of $33,823, 857 above upset price, Messrs. Leigh and Orange became the purchasers.
A large marine produce company under the style of the Teikoku Suisan Kaisha is to be floated in Kobe shortly. Mr. Sone Chubei, a merchant of Hyogo, who has made a large fortune in the fishing industry in the Kurile waters, proposes to form a large company to carry on a fishery project in Saghalien, Korean, and Chinese waters, and up to the present has succeeded in securing large support. On the 20th instant a meeting of the promoters was held and a promoting committee was appointed, including Messrs. Osone and Kishimoto of Hyogo and Messrs. Takigawa and Yamamoto of Koke, sud other capitalists of the two places. An office has been established on the premises of the Japan Rice Company at Kajiya-machi, Hyogo. The capital of the concern is fixed at Y2,000,000 in 40,000 shares of which 20,000 shares have been taken up by the promoters. The remaining 20,000 shares will be placed oo the market by about the middle of next month.
COMMERCIAL.
KOBE MARKET REPORT. The "Kobe Market Report." published under the direction of the Hiogo and Osaka General Chamber of Commerce, and dated (Kohe) Hiogu, 2nd October, 1906, has the following:-
IMPORTS.
Cotton. American. Quotations have been fluctuating slightly during the past fortnight, and were on a downward tendency. This de- cline, however, received a sudden check owing to the report of great damage to the crop in Alabama districts. This has had the effect of raising prices from Yeu 30.50 to Yen 32.50. "Spot" business is nominal, stocks being very small. "Spot" Middling is quoted at Yen 35. Indian. Quotations have remained firm, and prices have risen in sympathy with American. Spot" business is quiet, sales being mostly re stricted to cotton of clean and white colour. Quotations are.-Best Broach, Yen 27.50 to Yen 28; Akola Khainguam, Y22.25 to Y23; Bengal, Yen 20 to Yen 20.50. Chinese.-Transactions have been nominal owing to high prices for both "forward" and "spot." Prices are: Best quality (old), Yen 29; Common quality (new), 27.50. Shirtings. Nothing to report. Cotton Goods and Fancies-No particular change since last circu- lar. September deliveries in general have heen good. Worsteds and Wollens-Selling prices
"
have declined but deliveries still remain satisfac- tory. Window Glass.--Unchanged. Metals. Pig-iron-Some forward sales but business is restricted. Bar-iron.-High home prices prohibit any legitimate business for forward sales, "spot prices lare far below present values in Europe. Sugar.-Beet.-Prices are well maintained but sales continue on a small scale. Cane.-Hong kong Refined.---The market for Hongkong Refined continues lifeless, prices not having reached a point at which imports show a profit. Osaka Re- ned-At the auction of the 25th September 2,500 bags Sugar and 300 casks Molasses were offered for sale, but the bids not realising the expectations of the refinery the whole quantity was withdrawn. Rice.-Market slightly firmer.
EXPORTS.
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HONGKONG WEEKLY PRESS AND
reported. Matting.-The market has remained very strong with a still frmer tendency. Straw Braid.-Prices have been well maintained and
new business was somewhat restricted in conse- queace. The demand continued to run on fine descriptions, and plaiters have been kept well supplied with orders. Chip Braid.-Further good enquiry has come to hand in various descriptions, and prices continued to advance with the increas ing demand, the market closing strong with up ward tendency,
PIECE GOODS,
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai,
4th October, 1906, states:-The week under review
bad more or less of a holiday aspect and the market is still waiting for the merchants to return from their homes. It has not been devoid of
interest, however, and if the news received from the United States concerning the damage to a portion of the cotton crop, through a tornado, turns out to be correct, it will be thankfully re- membered by many of the holders of cotton goods here. So far the accounts received are decidedly meagre and do not tally by any means, as the extent of the damage is put down at only 2.2 per cent. of the whole crop, and yet prices are quoted fully 10 per cent. higher. For the time being, at all events, it has put the home market into an excited condition, and the threatened slump in prices has been arrested for the moment. Another thing of importance, if true, is the report that Russia has consented to China establishing Custom Houses on the Northern frontiers of Manchuria, and thus that vexed question will be Bettled. It is too much too hope, however, that the necessary arrangements can be made before six months at last, but it will be a good thing even if it is only assured that all will be in readi- ness when trade re-opens in the spring. After two days holiday the foreign banks resumed business yesterday and exchange assumed 2 higher level in sympathy with silver. From the action of the hanks to-day, in offering to sell at about present quotations up to next April. it looks as though we are not likely to se lower rates again for some considerable time. No news of an encouraging nature has been received from the country markets; on the contrary floods and famine seems to be in fulls way everywhere. It is too soon yet after the settling day to expect fresh orders to come in, which possibly accounts Manchester for the quieter tone at the auctions. seems easily excited and the damage to the crop in the States is being made the excuse to advance quotations, which in most cases were already beyond the reach of buyers here, and for special cloths very late delivery is required—even as far ahead as May Spot" cotton had commenced to advance in Liverpool at the close of last week, but when the news of the tornado was received there it at once jumped thirty points, yesterday's public wire quoting Mid-American 5.933. Private advices yesterday gave the quotation for the whole of October as 5.83d, and others the "spot price as 6.084, for Mid-American, while New York has quoted 10.50 cents for November and 10.60 cents for January. It is interesting to hear that the demand for home cousumption is so great in the States that the wills are putting their looms on to fine cloths, and so giving the export trade a rest, which is just what we were advocating in our last report. The Liverpool quotation for Egyptian in 94d. The yarn market has been equally dull since we last wrote, though the Japanese and local spinnings are not so bad as Indian. New cotton has been contracted for on rather easier terms for local requirements. Grey Shirtings.- At the auctions, more especially this morning, prices have had a weaker tendency, though the decline has been very irregular in all weights. White Shirtings.—The same remarks apply hero as to Greys, the most expensive clotb, however, showing the heaviest decline. T-Cloths and Jeans-Common T-Cloths were steady, the others declining. One chop of Jeans was up slightly, the other down. Drills and Sheetings.—We have nothing to write about these this week, not
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TEA.
1
[October 15, 1908
HANKOW. 3rd Oct., 1906.-Business reported since the 26th ulto. is aa under :------
Settlements Shipments to Shanghai
on Native account
1906. -Chests.
2,936
1.826
1905. 1.Chests,
2,130
8,804
The following are statistics at date compared with the corresponding circular of last season, viz. 4th October. 1905.
1906.
1905.
HANKOW TEA.
-Chests.
-Chests.
Settlements ...
.984,507
438,682
Shipments to Shanghai on Native account Stock
70,520
19,252
16,574
44,052
Arrivals...
471,007
405,960
1908.
1905.
KIUKIANO TEA,
J-Chests
-Chests.
..158,018
177,880
10,652 2,527
9,779
Arrivals...
..: 171,197
187,850
OPIUM.
Settlements
Shipments to Shanghai on Native account Stock
HONGKONG October 18th.
Quotations are:-Allowance net to 1 catty.
Malwa New
Malwa Old Malwa Older Malwa Very Old
$880 to
per picul.
$940 to
do.
$1000 to
do.
.$1040
to
do.
to
do.
to
do.
.89074
to
per chest.
$915 to
da,
8855 to .$837) to
do.
do.
Persian Fine Quality ..$700 Persian Extra Fine ...$780 Patna New
Patna Old
Benares New
Benares Old
MISCELLANEOUS EXPORTS, HANKOW, 3rd Oct., 1906:-The prices quoted are for the net shipping weight excluding cost of packing for export
Cowhides, Best Selected...
Do. Seconda Buffalo Hides, Best Selected.
Per picul. Tls. 87.00
38.00
"
20.00
8.25
Goatskins, untanned, chiefly white colour,, (nom.) Buffalo Horns, average 3-lhe, each White China Grass, Wuchang and or
Poochi WhiteChinaGrass, Sinahan and orChayu Green China Grass, Szechnen Jute..
White Vegetable Tallow, Kinchow. White Vegetable Tallow, Pingchew
and or Macheng
White Vegetable Tallow, Mongyu Green Vegetable Tallow, Kiyn
Animal Tallow
Gallnuts, usual shape..
Do. Plum
do.
Tobacco, Tingehow. Do. Wongkong Black Bristles Feathers, Grey and.or White Duck
Wild Duck
*
11
Turmeric Sesamum Seed
Sesamum Seed Oil Vegetable Tallow Seed Oil Wood Oil Tea Oil
11.80
*
*+
10,80
13.00
11
600
12.40
M
26
11.80
**
10.00
11.25
10.00
+
16.00
17.50
*+
7.50
10.50
110,00
"
B
(nom.)
"
"
5.25
15
4.40
"
(nom.
nom.
J
وا
8.40
10.00
Messrs. Arnhold, Karberg & Co.'s Fortnightly Produce Circular dated Shanghai, lat October, 1906, has the following:-Qailnuts.—from in- formation to hand from the interior it may be assumed that the crop this year of plum-shaped as well as of usual Gallnuts will be plentiful. There has been a good demand for both qualities lately and several lots have been taken out of the market at comparatively low prices. Cowhides. ---- The market is still closed. Tobacco.-A good business has been done, but apparently in the Tea.- Practically nothing doing and the season having heard of any transactions. Fancy Goods. lower grades only, the best chop cargo of Wong- may be considered closed. Settlements to date-Forward business in these makes has been very kong quality working out too bigh at the present Feathers. amount to piculs 58,259 against piculs 76,500 to quiet and clearances are not so good. Old chops exchange. Tingchow not to hand yet.
Fish Oil-Market of Turkey Reds were firmer at auction, but for -Stocks are moving off and prices are firm. the same point last season. quiet, 1,000 cases reported to have changed hands the new chops this morning very irregular prices Cotton. No demand at recent high prices, but at a small concession on quotation. Copper. were paid. With the fast black cotton Italians dealers are giving way and a few settlements have The sudden advance in prices on home markets this morning five or six of the chops advanced a been made at lower prices. Tallow-Remains has caused an increase all round; but little busi-
mace and a half to two mace, while the others firm and there is next to nothing doing. Wood ness reported owing to lack of available supplies. were either steady or slightly lower. Woollens.— Oil. Seems to be rather neglected at home as Bice-Owing to small supplies of old crop the Camlets have kept fairly firm at the auctions, prices asked by the dealers combined with the market is very strong, and until new supplies here and there special colours showing a sub-high rate of exchange are out of the question. come to hand we do not look for any large decline.stantial advance, which, however, is no criterion Goatskin Rugs. – Market steady, with very little Cotton Yarn-Demand from China has raised
of the market. Long Ells were fairly steady, offering. Wool-Sheeps'.-Market quiet, buyers prices. Vegetable Wax.-Market quist with Lastings a shade easier, but Spanish Stripes. Bru offering lower prices for supplies. Camels' and some enquiry below quotations; no transactions and advancing.
Goats". Nothing offering.
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