382
COMMERCIAL.
KOBE MARKET REPORT.
The Kobe Market Report, published under the direction of the Kobe foreign board of trade, and dated (Kobe) Hiogo, 15th November, 1906. has the following
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IMPORTS.
The
Cotton American. Since our last report quotations for forward have been on a downward tendency, and in consequence sotue business is reported. Middling is quoted at Yen 32.76. "Spot" business remains nominal at Yen 34.50. Indian.-Prices have declined some. what in sympathy with American, although con. paratively they may still be considered somewhat high. Fresh transactions are reported on a sumall scale. "Spot" continues dull, Best Broach, Yen 28.50; Yeothmal, Yen 23.50; Akola Khaugnami, Yen 22.50; Bengal. Yen 21. Chinese-An under- current of enquiry seems to be setting in for "spot" cotton, although transactions for the past fortnight have been small. The market closes for best "spot," Yen 29.75, and common, Yen 26. high rate of silver still prohibits “forward ness. Shirtings.-Market quieter, higher prices at home restrict forward business, but a few sales in Greys and Whites are reported. Cotton Goods and Fancies.-A fairly good business going through. Worsteds and Wollens.-A steady Jusiness has been done in the interval. Window ass.-Stocks are heavy and still increasing. Buyers are hold- ing back. Metals. Market continis quiet. The bigh prices asked by manufacturers prevent for ward business. Sugar.- Beat.- No change for the better. Quotation for German remains unaltered at Yen 15.20. Cane.-Hongkong Refined.--The Market continues stagnant, buyers showing no interest in Refined Cane Sugars.—taka Refined. -No auction has been held since the 25th Oct. Rice. There is a tendency toward- lower rates.
EXPORTS.
COAL.
busi-
Messrs. Hughes and Hough, in their Coal Report of 29th November, state that 17 steamers are expected at Hongkong with a total of 62,800 tons of coal. Since November 12th, 10 steamers have arrived with a total of 35,100 tons of coal. Quotations:-
$15.00 ex-ship, nominal.
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HONGKONG WEEKLY PRESS AND
now ruling the loss in values will not much affect importers, who, although willing and anxious to meet buyers to any reasonable extent, are not inclined to accept the one-sided demands of the dealers. Deliveries show no improvement, and heing experienced; but at the same time it must at the close a temporary lull is for the moment
he admitted that the atmosphere is highly charg ed. and an unlucky spark may at any mowent precipitate the inevitable crash before the advent of China New Year.
Sales of the interval aggregate 1.225 bales. arrivals amount to 10,761, unsold stock estimated at 105,0, and sold but uncleared goods in second hands 70,000 hales,
Local Manufacture :-Nothing doing. Japanese Yarn:-A drop of $2 to 3 in prices has had the effect of inducing a small business. and 295 bales No. 208 have been reported sold at $121 to $126.
A
Raw Cotton-The first shipment of New Crop Bengal has arrived and samples placed on the market. The yield is larger but inferior in quality to that of last year, being full of yellow spots. parcel of 75 hales has been taken up at $21. Old cotton is quiet. In China kinds 80 bales Thoong- chow were sold at $24. Quotations are Indian $19 to $22, and China 822 to 825,
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Exchange on India has taken a downward turn and closes weak to-day at Rs. 168 for TT and 169 for Post. On Shanghai 721 and on Japan 1117. The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight enged the 24th instant. vfz: --
Indian-More doing but at cheaper rates, prices showing a decline of 2 to 3 taels: Total sales amounting to 10,500 bales with an estimated stock of 150,000,
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[December 1, 1906
gradually become reduced. Grey Shirtings-At the auctions prices have shown a very weak tendency for all weights, but with a certain amount of irregularty. For instance, in 8.4-Ibs. this morning, one chop advanced a candareen and a half, while the rest declined from half a can- dareen to as much as nine. The heavier weights were steadier in comparison, espcially the 13 and 11-lbs. goods. White Shirtings.--Common 64 reeds were steady, but the better makes and higher reeds were nearl all much weakor, as
were the Irishes and T-Cloths, T-Cloths and Jeans,- One chop of 32-inch
T-Cloths this morning advanced nearly a inace. hat the other two declined six and a half candareens although all much the same quality, showing what a "chop" will do Jeans were again irregular at auction. Ime chop going up and the other down. Drills. — Tt ere is a small demand for American at "give away prices, and that is all that can be said for them. As one of the dealers remarked the mer- chants are cutting prices at every transaction, and of course as long as it succeeds they will go on doing so. We understand that some pepperalls have been re-sold for shipment to Bombay, the huyer paying Tls. 4.05 and allowing the seller to cellect the duty rebate. Sheetings. These are very dull, no movement at all being reported. A• quotation of 9s. 9d. for Pacolet 4 yard cloth gives some idea of the New York market. confirmation has been received of the news that all the mills in the States are engaged on the hows trade for well'into the coming year. Cotton Flannels---There is a tittle demand, but like the rest of the goods the buyers want them cheap. Fancy Goods. - Privately there is very little doing, the high prices at home greatly curtailing the indents that are going through, especially in dyed goods, while priuts are much over the ideas of operator's here. Turkey reds were decidedly weak at the Nie Kee Auction on the 17th inst., but at this morning's sale, though somewhat irre- gular, the average was rather better. In the fast blacks it was the other way about, a two to three mace drop being frequent. Woollens.- There has been great irregularity desplayed at the auctious, so much so that it is difficult to The general impression is that these goods are define the position of the market from them.
firmer. however. Cotton Yarn.-India.-Only a fair amount of buying has been done this week and on much the same lines as described in our last, namely, the No. 10s. for Kiaochow, Tientsin and Szechuen, and the rest for the River and Szechueu. Prices are all in and out and seem to bear 11+1 relative regularity now. No.20s look particularly wnak.
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Japanese:---Sales of the interval aggregate | 2,500 bales on the basis of Tls, 82 to 90 for No. 16s, and Tls. 921 to 96 for No. 208, the latter showing a decline of 2 to 3 taels.
Local:-No business is reported from first hands.
PIECE GOODS.
Fish Oil.-Market firm at quotation but notran sactions reported. Copper.-The Market is in an unsettled condition and only a few unimportant transactions have been reported. Rice.--Market Messrs. Noel. Murray & Co.'s Report ou the strong. Cotton Yarns.The Market is dull. Shanghai Piece Goods Trade,lated Shanghai Shanghai values are approximately 1 Taci | 22nd November, 1906, states:-The retrocession lower than current quotations this side and of Newchwang by the Japanese was not constum- export business has in consequence been restricted.inated on the 16th inst., and the date when it will Vegetable Wax.-Owing to a sudden rise in the be effected remains an uncertainty. It will be primary market the price for the refined article necessary for the Chinese authorities to come to has advanced and the nnrket close: firm. A few some arrangement to refund at least a substantial hundred cases have been settled in the neigh part of what has been laid out on the develops bourhood of Yen 2880. Matting-Prices for
iment of the Settlement before the restoration of stocks advanced snartly during the fortnight the place to their administration can be brought under review with a still firmer tendency. The about, and that without encroaching on the continued demand for supplies enables manu- customs revenue, so some considerabic time is facturers to dispose of their goods without difficulty likely to elapse yet before the desired end is at full prices. Straw Braid.-The harvesting of reached. The port is now practically closed for the rice crop has taken into the fields labour which the winter and nothing further, beyond what is employed for plaiting braide, and in consequence
reaches it via Ching-wan-tao, will be sent from supplies have been scarce. Prices are firmer with here. During the closed months it is hoped the a steady demand for both Straw and Chip Plaits. Manchurian question will be settled in a practical manner, and there seems to be no reason to doubt that it will be done. The Manchester market stiffened its back with the further advance in cotton, and some intrepid would-be operators have found out to their mortification the difference that exists between the ideas of the two markets is sixpence, eightpence and elevenpence per piece, according to weight, of plain Grey and White staple goods. At the same time it is just as well, for this market has advanced to óð, for Mid-American and 94d for Egyptain. The latest New York quotation for the former is 10.42 cents for January. The market is quite stagnant now and during the past few days deliveries have been almost nil. This is owing greatly to the dispute, as regards paying, between the local dealers and the Chefoo merchants, all the rest. apparently, having chipped in. There was some hope of it being arranged by the bankers, but the negotiations with them fell through. It is a few days some thought, however, that in satisfactory arrangement may be arrived at. was expected that this dispute might sibly stimulate the auctions, but it does not look like it,
nul prices both yesterday to-day being decidedly un
weak side. Yarns are receiving a little more attention, but the Indian spinnings are very weak and it really looks as though holders were open to offers Cotton is quiet with a lower tendency. The one sided arrangement which the yarn dealers in Hongkong tried to wake with the importers has, we understand, fallen through, and trade will now have to resume its normal course after an abortive attempt to control it. Under the present few are likely to have the circumstances temerity to indent for fresh supplies, while the low prices this side will surely not induce manu- facturers to consign, so the stocks ought to
Cardiff... Australian .$9.50 to $9.75 ex-ship, quiet. Yubari Lump...$12.00 nominal. Miiki Lump...$12.00 nominal.
Moji Lump......$7.00 to $8.00 ex-ship, steady. Moji Unscreened$6.00 to $7.00 ex-ship, steady. Akaike Lump...$9.00 to $9.50 steady.
$9.00 to $9.50 nominal. Bengal.......
RAW COTTON. HONGKONG, 30th November.- Small business at last quotations. Stock about 1,500 bales.
Bombay.......... ..$17.50 to $20.50 per pel. Bengal (New), Rangoon
and Dacca Shanghai and Japanese 24.00 to 26.00 Tungchow and Ningpo 24.00 to 26.00 Reported sales, 150 bags.
20.50 to 23.00
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YARN.
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Mr. P. Eduljee, in his Report dated Hongkong, 30th November, 1906, says:-After suspension of all operations for the past three months the mar ket opened on the 19th instant, but as anticipated only a trifling business has been done at prices showing a decline of $10 to $12 in No. 10s, $6 to $9 in No. 128, $8 to $8 in No. 168, and $3 to $8 in No. 208 on those ruling in the middle of August last. These prices are for cash and prompt do- livery, and cannot be accepted as indicating mar ket values, Owing to the rate high of exchange
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the
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A further
MISCELLANEOUS IMPORTS.
COTTON YARN.- Market opened at irregular mtes and a decline of about $10 to $12 for No. lts, $8 to $10 for No. 128, and $5 to $7 for No. 20s, has taken place. Sales of about 2,000 bales are reported to have been made. Quotations are
No. 10s nt $75 to $95: No. 168, at $102 to $126; and No. 208. at $103 to $132. Arrivals 18,500 hales; sales 2.000 bales; shipments 11,500 bales; bargains 75,000 bales. Unsold stock 92,000.
Bombay-Nos. 10 to 20, ...$80.00 to $125.00 English-Nos. 16 to 24, ...135.00 to 140.00 22 to 24. ..140.00 to 146.00 28 to 32. 150.00 to 155.00 165.00
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38 to 42, ...160.00 to
per pieco 82.40 to $2,50
COTTON PIECE GOODS-Market flat. Nothing doing.
Grey Shirtings-7 lbs. 8.4 lbs.
3.00 to 3.70 9 to 10 lbs.
4.00 to 4.80 to White Shirtings—54 to 56 rd. 2.70 2.00 58 to 60 3.00 to 3.20 64 to 06 3.25 to 5.30 Fine.
5.50 to 7.00 7.75 Book-fulds 3.00 to
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Victoria Lawns- -12 yards 0.60 to 1.50 T-Clotls-6lbs. 32 in. (Ord’y) 2.00
7lbs. 32 ..
2.25 6lbs. 32..
7lbs. 32 ..
(Mexs). 2,20
12
to 2.20 to 3.75
to 2.35 2.40 to 3.06
8 to 8.4 oz., 36 in. 3.00 to 3.70
to 14 lbs.
Drills, English-40 yds., 134 | 4.350 to 7.25 Faser Cortos-Small salos. Market quiet.
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per piece Turkey Red Shirtings—14 to?
$1.75 to $4.30 8 lbs. í
per yard .$0.12 to $0.15 0.071 to 0.30
Brocades-Dyed Chintze-Assorted Velreta-Black, 22 în., Velveteens-18 in....
0.23 to 0,45
0.221 to 0.25
per doz Handkerchiefs-Imitation Silk $0.80 to $1.50 WOOLLENS-Market sick. * Small sales,
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