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The
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THE HONGKONG WEEKLY PRESS AND
[
a
market
ON LONDON.—
EXCHANGE..
(May 13, 1907
Monday, May 13th.
Telegraphic Transfer Bank Bills, on demand Bank Bills. at 30 days' sight... Bank Bills at 4 months' sight Credita, at 4 months' sight Documentary Bills. 4 months' sight.2/?) ON PARIS-Bank Bilis, on demand......269
Credits 4 months' sight On GermaNY. -On demand
Ox
ON
2/18
214
2/11
2/2
2/31
2734
.219
New YORK.---Bank Bills, on demand 521 Credita, 60 days' sight
534 BOMBAY - Telegraphic Transfer ..159 Bank, on demand
Bank on demand
160
.160
73
737
.1044
fair amount of purchases both from first, and second holders having been made during the in- terval by dealers for these outlets. Last year at this season supplies which had been freely con- tracted for during the previous era of arded trala were piling up into stock with no sigh of relief, the incessant rains which ruined the spring crops, that are this year in some districts already being gathered, and later on caused greater devastation to the second crops, having been considerable | factors in the general demoralization of trade; whereas this year, although the still excessive | Ox CALCUTTA.—Telegraphic Transfor 1594 stock here kops prices for the most part far below replacing cost, a long spell of almost perfect | Ox SHANGRAI.—Bank, at sight weather is haring due effect on such PLS this of which its pulse IR ite agricultural condition, is enabling prices of most staples to creep towards a higher level, as figures of stocks show steady reduction towards normal hasis once in re. There has been a steady demand during the week for White Shirtings, English 34 and 38-inch Shirtings and Dyed Goods, while American Sheetings have been taken off in fair quantity for Shantung: and although second holders are able to supply most of the require. ments a larger proportion of the sales recorded are from first hands thin ha Leen the case for some time. Exports of plug staples from the United Kingdom to China 'show a large falling off during the past four months, being altogether | during that period 144,000,00) pieces, as against 191,000,000 last year, and 225,000,000 the year before, while they are well inside the average of the five past
which years,
iş 173,000,000 pieces.
Private, 30 days' sight ON YOKOHAMA.—On demand ON MANILA.—On demand Ox SINGAPORE. —Oɑ demand ON BATAVIA. --On demand ON HAIPHONG.–Oɑ demand. ON SARION -On demand ON BINGOK. -On demand SOVERCIOVA, "ank's Baying Rate Gold Lear, 100 fiue, per tael BAR SILVER, per os
FREIGHT.
2014 .94 p.c.pm. 1271
.4 p.o. pm.
p.c. pm.
69
$ 9.30 .$18.90 301
From Hankow per Conference Steamers.--To London and Northern Continental ports 45/- per ton of 10 e. ft. plus river freight. To Genoa, Mar- seilles.or Havre; 10/6 per ton of 10 c. ft. plus river freight. To New York (via Suez) General Cargo 30/- per ton of 40 c. ft. plus river freight. To New York (vin 8uez):~Tea 37/8 per ton of 40 e. It. plus river freight. To New York (overland):-per MISCELLANEOUS EXPORTS,
carlad, Tea. G. $1 cents per
b. groas; less Messrs. Arnbold, Karberg & Cojs Fortnightly than carload. Tea G. $1† canta per il gross, plus Produce Circular, dated Shanghai, 29tli" April, | riser freight. To Shanghai :—Tea and General 1907. has the following. -Gallnuts.- Market | Cargo, Tls. 180 to 180 per ton weight or
are
Measurement
SHARE REPORTS. HONGKONG, 10th May, 1907.-Our market during the past week has ruled quieter, and rates, with few exceptions, continue to inoline fowards weakness.
huge stocks here, in the shape of a notification The following is the weekly Piece Goods Report that no delivery orders will be issued for any of Messrs. Ilbert & Co.. dated Shanghai, May 3rd. — quantity of goods less in value than Tls. 200.00 There is a better feeling this week in the market each. It seems unfortunate that this should
for goods generally, and buyers for the Yangtare have been decided upon at the present time, and provinces and Shantung have been more in eri- it will bear very hardly on firms withdence than is usual at this season of the year, a comparatively small capital. It is not surprising that the banks are kicking at the enormous amount of work involved in issuing orders for single packages, but it would be better for all concerned if they would strive to hear with it a little longer and defer the consummation of the resolution, which no one will dispute is a very *reasonable one, until some more propitious time. It will be good news to the trade here, however, to learn that the Foreign exchange banks have determinded not to countenance any longer the credit system which has been in vogne at some of the Outports, much to the detriment of the trade here. An illustration of the way in which it affects this market has just been brought to our notice. An import firm in one of Northern parts | declined to buy goods that were offered from here at 108. 2d. per piece, because cash had to be paid for them, preferring to pay 10. d. for similar cloth in New York, as the goods would then arrive undena four months sight draft, be taken delivery of by the native buyer. sent into the country, and the draft not due until the returns had been inade! The latest
from Manchester is that the market is strong and Active owing to heavy buying orders from India
on of the heaviest crop In spite American cotton continues to rise in Liverpool, the spot quotation for middling.coining to-day 6.5l. while the latest price for "futures" was-6.04d. The quotation for Egyptian is steadily declining, the spot price being now 10. & recent arrival from home speaks with authority as to the unworkable quality of a large proportion of the American crop, and instances the fact of the in the Oldham spinning sheds. operatives threatening to strike, as it was only possible to produce a half to three-quarters of the usual quantity of yarn from the cotton supplied, export from Great Britain is still fairly heavy, for the being 34,000,000 yards of plain cutt ms.
We month of April.- .cannot hear of any advices of the market in New York. The yarn market has shown much more activity, as the havers seem to be naming their own prices for Indian spinnings, on which the loss to importers The low prices, however, must be enormous. appear to be creating a demand, the buying this than usually diversified, week. being espheially for No. 108, Japanese spinnings hiva naturally to follow suit, though the Osaka market has a good deal tordo with the voucse of prices Thes Native cotton is decidolly weaker. here.
wuch the small business that is current is on same lines as mentioned last week, namely small retail lots from stock, but clearances are a little better so far as Manchester goods are concerned. Grey Shirtings.-The few private sales of odd lots of 8.4-ih, and "10 lb. makes have been unde at slightly better prices, but the results of the auction show a distinctly lower tendency. White Shirtings. With the exception of a fów, special makes in the more expensive cloths, easier prices have prevailed for all reeds and weights, including Irishes, which latter look very weak. T-Cloths and Jeans.-Rather firmer prices were paid for the better makes of 32-inch qualities of the former, but the rest, as well as Jeans, realised
Drills and Sheetings. It is very poor prices. rumoured that a few Pepperell drills have been resold for shipment to Bombay at about Tis. 4:05 to Tls. 4.10., the sellers getting the advantage of the duty drawhack. Otherwise there is very little Fancy movement visible in our heaky stock. Goods. The same state of stagnati a prevails here. Now and then offers are forwarded, more to keep in touch with the home market, but the reply comes back pence and even shillings over the ideas this side. Both Turkey reds and fast black cotton Italians have fared badly af auction this week. Woollens.—The sightly firmer feeling mentioned last week has scarcely been maintained even in camlets, the auction sales showing Cotton yarn. considerable irregularity however. -Indian. Considerably more business is reported this week than for some time past, though it is highly probable that a proportion of it actually dope just before the close of the last interval. However that may be we bare to report sales of 6,640 hales, nearly two-thirds of which consist of No. 108 bought for Chefoo, Tientsin, Newchwang and Szechuan, the higher counts-being destined for the läst named and the
Holders, in many савия, river markets. making considerable concessions in prices, which consequently show some irregularity, easier rates The total being accepted for a quantity. business reported, as stated above, amounts to 6,640 baleš.
more
W2L4
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done.
shows # weaker tendency, and only a few transactions have been done. Kowhideg. – Market ryanains firm. and prices
unchanges. Tobacco, --A lot of Wong Kong has been bought for export to Europe. Feathers. The good demand from home continues, and prices for all descriptions have still goue higher. Stocks are very small and all arrivals and ready buyers at full rates. Cotton:-- There is a fair demand from hom. Our market has a httle weaker tendency Tallow. -- White Vegetable. There is less demand from bong, and only a sumall business has been No business reported. Kiyuo (Green). Amined. No stocks. Wood Oil Dealers not inclined to give way in prices, and the mærket remaius firm. Straw braid. —There is an increased demand for all white braids, and prices for Loyeh, Kwanggehow, Yangshun and Finkin ary firmer. The supplies to Shanghai have been very small during the fortnight under review. Rugs.--Goatskins. The
Coli- strong deinand tinues, and stocks have not increased Wool. - Sheep's.-The demand remains steady, and stocka
<math. Camels", - I
ing demand. | Autimony. - No business has been reported. Prices asked by the Chinese are too high to meet orders from home.
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BANKS -Hongkong and Shanghaia havo . . ben
fixed in small Ints at 8915, and more shares are on offer, London is unchanged at £1 4. Nationals remain at $51, but withont business.
MARINE INSURANCEs, —A small sale of Unions is reported at 3770 at which the market clos steady. Canlons have declined to $280, with sellers, Chiua Traders and North Chinas
are unchangixi and without business.
FIRE INSURANCES.-Hongkongs contiane on offer at $3:30 whilst Chinss have receded to 8×2) with sellers after a small sale at $85. SHIPPING.-Hongkong, Canton and Macion have been booked at $39, and close steady with probable buyers at the rate. Indo-Chinas haze changed ownership at $71, and it is probable that more shares could be proonred. China and Mapilas are in request at Stāl, and Douglase" alan are enquired for at $38) after sales at $38 & $384. Shall Transports have advanced to 467- but without bringing any shares into the market, Refineries. -China Sugars have improved to $19) at which small sales and further buyers Per picul
are reported. Luzons coutinh- ou offer at 821. Tls. 38.50
MINING. We have heard of no business, and quotations are unchanged.
HANKOW, 1st May, 1907.—The prices quoted are for the uct shipping weight ex-lu-ling cost of packing for export :
Cowhides. Best Selectod
Do. Seconds
Buffalo Hides, Best Seles tod Goatskins, untanned, chiefly white
colour
.....
Buffalo Horns, average 3 ihs, each White China tirass, Wuchang and or
Poonchi
WhiteChinaGrass, Siushan and Chaya Green China Grass, Szschuen
Jute
4.
White Vegetable Tallow, Kinchow White Vegetable Tallow, Pingchew
and or Macheng
......
White Vegetable Tullow, Mongyu Girven Vegetable Tallow, Kiyu
Animal Tallow ........... Gailnuts, usuni slumpe Gallnuts, plum do. Tobacco, Tingchow
|
Tobacco, Wongkung
Turmeric Sesamum Seed Sesamum Seed Oil- Wood Oil
Ten Oil
کچھ
33.00
17
22.00
68.00
10 60
الذات
|
Docks, WHArves and GoDOWNS. - Hỏng. kong and Whampoa Docks coatiune to rule 7.00) | weak, and after males at $116 and 8115 are now on offer at $114. Hongkong and Kowloon Wharves are unch inged at $85 sellers. Shaop. 9.50 | hai Docks, in sympathy with lower quotations 9.30 from the North, have weakened further, and are now procurable at Tis. 82. Shanghai and 20:30 | Hongker Wharves close steady at Tis. 216.
LANDS, HOTELS AND Building8. — Hong. 10:30) | kong Lande are procurable in small lots at 81071, 10.10 and Kowloon Lands at $37}. Hộngkong Hotels continue on offer at 8118, and the offer of a slightly lower rate would probably lead to bus ns. Humphreys Estates have sold at $11 aud more shares can be obtained at the rate.
COTTON MILLS. —A small sale of Hongkongs is reported at $114, at which rate there are 5.60 | further sollers. Wo have heard of no business in 10.30 the Northern stocks.
13,00
1100
15.30 18.30
2
7.30 11.00
5.50
**
8.00
12
MISCELLANEOUS,
Sales are reported of
10.40 China Providents at 89, Dairy Farms at 8151,
Г
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