184
We learn from a Japanese contemporary that the demand for German sugar has largely in- creased in Japan, and importations are increas- ing. Alarmed at this, the Japan Sagar Refining Company has begun to manufacture sugar of the same quality for the purpose of checking the
German importation of the
product, and recently sold "3. L. quality "at Y15.05 per 100 kin, 50 or 60 sen cheaper than the German sugar. This underselling has greatly reduced the number of Japanese merchants giving contracts for importation of German sugar, and the Japanese Sugar Refining Company is expected to attain its object in stopping the import of the German article.
Acting under instructions of the mortgage, Mr. G. P. Lammert on March 11th offered for sale by public auction: (1) All that pieca or parcel of ground situats at Kowloon Tong in the No Territory and registered in tse Land Court as Lot Number Four hundred and two of Survey District No. 4. Ares 2.35 acres. Annual Crown Rent 87.05 ; and (2) All that piece or parecl of ground situate at Kowloon Tong and registered in the Land Court as Lot Number Four hundred and thirteen of Survey District No. 4. Area 5.19 acres. Annual Crown Rent $14.07. Agricultural Crown leases have been granted in respect of both lots, the first of which was sold to Mr. J. Buto for $1,550 while Mr. C. D. da Roza was declared purchaser of the second at the figure of $2,800, Messrs. Goldring and Barlow were solicitors for the mortgagee.
the
On March 3rd, at the Pootang works of the Shanghai Dock and Engineering Co., Ld.. & new twin-screw steamer (A:an) which bas been bailt to the order of the China Navigation Co., Ld., for their Poyang Lake service, was successfully launched. An attempt was made the day before, but unfortunately the tallow on the ways was frozen and after slipping down eight feet the Kian came to a stop and could not be moved, in
spite of the fact that an attempt was made by the tug boat Vulcan to tow her into the water. The Kian is a steel twin-screw steamer, 220 feet in length between perpendiculars by 49 feet beam and 10 feet moulded depth. She has been built to designs supplied by the owners and has the minimum of steels scantlings, consistent with strength and durability, for ensuring a vessel of the least possible draught. She is fitted with two sets of direct-acting, triple expansion, surface-condensing engines which are expected to develop about 650 indicated horse-power, Steam will be supplied by a cylindrical retura. tube boiler, constructed for a working pressure of 175 lbs. per square inch. The passenger accommodation is commodious and complete in every way and the appointments and furnishings compare favourably with those of
any of the modern river steamers.
COMMERCIAL.
The Yokohama Prices Current and Market Report, published by the Yokohama Foreigű Board of Trade and dated Yokohama, February 28th, 1907, has the following :-
IMPORTS.
Fancy
Yarns. No business to report. Shirtings. Business has not yet been resumed. Cottons and Woollens. We do not hear of much fresh business passing, though the tone of the market is healthy. Metals →The market could hardly be more inactive. The marked quietness which prevailed during the first half of the month was explained as induced in large measure by the approach of the old calendar new year; but since ita celebration no indications have been apparent of a renewal of interest. Doubtless there is an intimate connection between this condition and the severe slump in the share market Kereene, --Market steady. Sugar.-The market is in a somewhat unsettled condition owing to the que tion of the refund of the import duty on Bas Sugar still undecided in the Diet, but the tendency is upward. There were no sales made
THE HONGKONG WEEKLY PRESS AND
at the Tokyo Refinery's auction held on the 15th inst., the offers made not having been accepted. Indigo.-(Natural).-There is nothing new
report.
GENERAL EXPORTS.
to
Copper. Though the troubles in the Ashiwo mine have been settled at last, sellers are not yet ready to negotiate about new business. Fish Oil. -Stocks are entirely exhausted, and nothing is doing for forward delivery owing to the high prices asked by sellers.
OPIUM
HONGKONG, March 16th.
Quotations are:-Allowance net to I catty.
Malwa New Malwa Old Malwa Older
per picul.
do.
$850 to
$900 to
$930 to
ძი
to
do.
Malwa Very Old $970 Persian Fine Quality ..$600 ยก Persian Extra Fine .$690 tu $9521 ta
Patna New Patna Old Benares New Benares Old
do.
do. per chest.
rio.
to
.$937) to
do.
to
da.
PIECE GOODS.
the
de.
even for
[March 18, 1907.
American coming 6.18d. a drop of four points from yesterday, while this month's futures aro 5.79d. A further advance has taken place in Egyptian to 11.6876d. Last month's export of Plain Cottons amounted to $1,000,000 yards against 44,000,000 yards the same month last year, so there is not much off in shipments from the old country as yet. The Yarn shipments were 2,200 balea. Čommunication telegraphically be- tween this and New York is being cut very fine as regards the market for domestics, so it may be presumed, as nothing is offering, manufacturers still abstain from making cloth suitable for these parts. The unfortunate wreck of the Great Northern Railway's fine new liner Dakots off the entrance to Tokio Bay will not affect this market, as she was only carrying some 20 tons of Piece Goods. The latest quotation for cotton received from New York is 9.95 cents July option. The Yaru market is equally se quiet as that for Piece Goods, the only business doing being the filling of a few small orders from the River Ports, for both Indian and Japanese spinnings, the latter, apparently, enjoying the cream of the demand. Local Spinnings are very quiet, though resales are keeping steady. Cotton is quiet but steady.
Mosers. Ibert & Co.'s Piece floods. Report is as follows:-The market is quiet throughout, but clearances have shown considerable improvement during the interval. The fist steamers fina'ly cleared for Tientsin with the following cargo:- 4,500 Bales American Drills and Sheetings, 2,500 Messrs. Noel. Murray & Co.'s Report on the Hales Bombay Yarn, 3,000 Bales English Greys Shanghai Piece Goods Trade, dated Shanghai
and Fancy Goods, 10,000 Packages. There is 7th March, 1907, states With
now a temporary lull on the part of the Northern parture of the six direct steamers to Tient-buyers until reports as to the reception of these sin on the 1st and 2nd inst. all life and interest seems to have disappeared, and the market is in a state of utter stagnation. There is not the slightest demand for fresh supplies either from stock, or to arrive, and Manchester goods bought laat Spring and which are just arriving barely covering cost can obtained. Clearances of these makes, however, and especially fancies, are fairly satisfactory, but with American makes it is otherwise, and it is said the dealers are getting nervous on account of the unexpected non-clearances of goods against which loans are shortly falling due So far as the sources of supply go nothing could be more favourable than the present conditions, but they do not help the situation at all. The knowledge that the goods are overstocked here 14 wile- spread and the certainty that they must be quitted sooner or later causes operators in the country to coming down. The Auction prices are sufficient refrain from buying now in the hope of prices
evidence that there must be some demand, and a pretty risk one at that, or else the dealers here are keeping prices up to suit their own ends. The position is peculiar and importers are kept entirely in the dark. The situation in the immediate neighbourhood is certainly not con
luctive to a flourishing trade. The distress caused by the famine is at its height and the high price of rice is largely responsible for the stagnation in trade. In the North there are constant rumours of impending troubles, and the country generally is seething with an InsurTee- tionary spirit which must impair credit and shake all business confidence. There is no news as yet concerning the arrival of the steamer« in Tient- sin, but in the meantime the market is saul to
|
have slumped to a considerabile extent and clearances were very slow. It is reported that there are fully 100,000 bales American go«ds here in the hands of the natives bought and paid for that market, but operators there are keeping them out until the direct importations have been dealt with. The news from Newchwang is not at all satisfactory, and shipping firms here state there are actually not more than 2000 packages Piece Goods for which space has been applied for t that Port. Two steamers have bonded and hewa
despatched for Corea during the interval, taking in all about 1,800 packages Piece Goods, and this in face of the reports that the markets there are The River trade and Ningpo are not depressed brisk, but the improvement in the Auction prices to-day may possibly beteken a revival in those
markets. The market in Manchester keeps very string, above the ideas of operators here, at the same time they think it advisable not to miss the oportunity of ««uring cloth to keep up old chop, when it is offered with the assurance that n more will be procurable for months sheul and at greatly enhanced prices". A few of them instance have taken place during the interval. pncipally we bohere in
Chitton has continued strong and advancing until just at the close, when a slight reaction
La reported from * Mid- apest Liverpool, to-day's quotations for --
* 4-lbs. Shirtings.
first shipments are received. The Yangtze River trade is showing steady revival, and English 10- 1 Shirtings, which have so long been a drag on the market, are now strengthening up, their values having sunk to a proportionately lower level than most staples owing to accumulated stocka The Manchurian markets are expected to revive with the opening of traffic and the final evacuation of the Japanese and Russian troupe that has to be completed by 15th April next in accordance with the terms of the Portsmouth Convention, and in spite of the very bad financial year which Newchwang and Mukden traders and Native banks have had, there must by now be a growing demand from actual consumers owing to the very limited supplies which have found their way into that part of the country for the best part of the past two years. Home marketa continue as reported last week, manufacturer's prices and deliveries being daily more difficult to connect with indent offers from this end.
MISCELLANEOUS IMPORTS.
Homokosa, 19th March¡—The prices ruling aro as follows
Corrox Yarx.—Owing to pressed sales prices hare further receded about $14 per bale for all counts, resulting in a small business. Quotations Are -No. 10% at $71 to $94, No 16m, at 806 to $124, and N^ 208. st $97 to $140 Arrivals 5,000 bales; Sales 4,000 bales; Shipments 4,000 hales. Hargan« 34,000 bales. Unsold stock 63,000 bales.
**
Bombay - No 10 to 20, English – Nom 18 to 24, 22 to 24. 28 to 32, 38 to 42,
$80.00 to $120.00 1km to 143.00 140 00 to 180.00 ...155.00 to 160.00 165.00 to 170.00
Corrox Przer GOOD-Market flat. Nothing
dong
Grey Shirtings-7 iba * 4 lbs 9 to 10 The White Shirtings—54 to 36 rd. 2.70
T
per piece .$2.40 to 12.50 3.00 to 3.70 4.00 to 4.80 to 2.90 BM to Bu 3.00 to 3.20
64 to 66 Fine
3.25
8.30
5.50
7.60
Book-folds 5.00 to 7.75 Victoria Lawns – 12 yards
0.60 T-Cloths-6lbm. 32 in. (Ord'y ) 2.00
71be. 3%
2 25
6lbs. 32
(૬.૬ ૬.૭ ૩૩૩૩-૭
1.80
La
2.201
9.75
(Meis) 2.20
2.35
140
8.06
--
8 to 1.4 oz., 36 in. 3.00 Prills, English–40 yda., 131 )
to 14 lbs.
8.70
4.50
to 7/25
}
Tibs. 32.
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