370
COMMERCIAL.
The Yokohama Prices Current and Market Report, published by the Yokohama Foreign Board of Trade, and datel Yokohama, May 15th, 1007, has the following :-
--
IMPORTS.
Yarns. The market remains quiet. Shirt- ings: l'here is a better feeling, but no actual business reported. Fancy Cottons and Woollens. The market is extremely dull, and owin⋅ to the recent failures and the precarious condition of some of the other merchants, business is at a standstill. Matls. There apears to be no change in the situation, and while Toky" prices are advancing for a few lines, notably Wire Nails and Gas Pipes, there is still very little | interest in fo ward purchases. Kerosene, No change. Sugar.-In anticipation of the usual demand for the warm seas on, there has been some improvement in the market towards the end of the last fortnight, and quotations are tendin s upward. Since last reported, there were two auctions of the Tokyo Refinery held and 8,200 bags sold, prices latterly showing an advance of 15 to 20 sen per beg. Indigo (Natural). - No business doing.
EXPORTS.
Tea. The season opened about four days later than last year, a few small lots changing hands on the 2nd instant. Supplies have been coming in freely, hut the quility of the offerings is scarcely up to the average, either in leaf or cup. Prices, on the other hand, show an advance of 5 | to 10 per cent., un which basis all the choicer | parcels have found ready buyers. Total settle- ments from May 1st to May 15th amount to 15,000 piculs, against 20,200 piculs at the corres- ponding date last year.
GENERAL EXPORTS.
Copper. No change. Fish Oil-In sympathy with home markets, a general rise has taken place, and between ten and fifteen thousand e ves have changed hands st prices ranging from Yen 7.80 to Yen 8.0 Lately rather discouraging reports about the new catch have arrived from the north, and all sellers have withdrawn from the market.
SILK REPORT,
A very quiet fortnight lies behind us, during which period but few transactions have been put through and an artificial decline has been create ! by considerable quantities of rejections from the the local Silk Exchange having been put on market. It has, however, to be noted that these rejections are of -uch pour quality that they can- not be exported except as very lowest grade of Filatures, whilst the supply of really good Silks is practically exhausted for the season. pects for the new crop con inue favourable.
WASTE SILK.
Pros-
Market very quiet, enquiries being almost entirely for native consumption. Settlements from April 30th to May 13th 500 piculs. Total Settlements from July 1st to May 13th:- 57,100 piculs. Stock on the May 14th is estimated at 5,400 piculs, viz:-Noshi, 1,000 piculs; Kibizzo, 3,30 piculs; Pierced Cocoons, -picula; Sundries, 1,100 piculs.
OPIUM.
HONGKONG, May 30th. Allowance net to 1 catty.
$820 10
per picn $850 to
}}, do. do. do. do. per chest.
Quotations are:-. Malwa New
Malwa Old
Malwa Older
Malwa Very Old
$880 $920 to
to
Persian Fine Quality
..$600
to
Persian Extra Fine
$680
to
Patna New
$915
to
Patna Old
to
do.
.$905
tu
tu
do. do.
Benares New Benares Old
(OAL.
Messrs. Hughes and Hough, in their Coal Report of 30th May, state that 23 st amers are expected at Hongkong wit a total of 81,100 of coal. Since May 11th 17 steamers tons have arrived with a total of 51,450 tons of coal. The market has continued dull for all kinds A time contract of 20,000 and rates are nominal. tons Japanese has been made on private terms. Quotations:-- ·
Car.liff... Australian
.$14.00 to 15.00 ex-ship, nominal, $11.50 to $12.00 ex-ship, nominal. Yubari Lump...$12.00 nominal Miiki Lump ...310.00 nominal. Moji Lump......$6.00 to $8.00 ex-ship, steady. Moji Unscreened$6.00 to $7.00) ex-hp, steady. Akaike Lump...$7.75 to $8.25 ste.. y. Bengal..... $9.00 to $9.50 nominal. Labuan Lump $8.00 steady.
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THE HONGKONG WEEKLY PRESS AND
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YARN.
Mr. P. Eduljee, in his Report dated Hong- kong, 31st May, states:-The market has con- tinued to droop and our quotations show a lower range all round of one to three do lars per bale. Reports from the consuming districts are not encouraging, and an incessant decline in prices consequent on a steadily rising exchange frightens away country buyers from the market. Dalers have still a large quantity of goods on hand with which, together with their late contract goods now arriving, they are meeting whatever little dewan that exists. Business from first hands Consequently is not large, and dealers will not pay these prices unless for their most urgent
waots.
Sales of the interval aggregat· 4,240 bales, arrivals amount to 4,038, unsold stock estimated at 66,000, and sold but uncleared yarn in second hands at 31,000 bales,
Local Manufacture :—No sales are reported. Japanese Yarn:-A few small lots aggregating 170 bales No. 20s have changed hands at from +122 to $130.
Raw Cotton-Continues to move very slowly owing to dullness in the market for twist, and the majority of the 1te receipts have gone in'o godown. Sales reported „re 210 hales supertine Bengals at $20 to $201 and 150 hales China at $23. Stocks estimated at 1800 bales Indian and 400 bales Chinese. Quotations are $16 to $20) Indian and 21 to $24 China.
Exchange on India has continued to advance and shows a gain of 4 points during the interval, closing steady to-day at Rs. 1631 for TT and Rs 1641 for Pest. On Shanghai 734 and on Japan
1071.
The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 25th instant, viz:-
Indian-Market easier, prices having given way all to one Tuel. Sales aggregate 5,500 bal s with an estimated unsold and -old, but uncleared, stock of - bout 138,000 hales.
Japane e-In better enquiry, sales amounting to about 3,000 hal 8 on the basis of Tls. 85 to 901 for No. 16-, and Tls. 80 to 98 for No, 208, market closing firm.
Local:-No business is reported.
PIEC GOODS.
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(June 1, 1907
A
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai, 23rd May, 1907, states — he only item of interest that has been manifest during the week in this market was first of all the rumour that a cert in firm of Americ in importers had received instruc- tions to ship back some of their stock to New York. As this went the rounds it naturally grew in importance, until the firm implicated could scarcely recognize it was their supposed action that was referred to. Then it was reported that a consider. able parcel of goods bought for this market, but held in the States, had been cancelled and their shipment entirely countermanded. This led to a considerable amount of conjecture amongst those interested in the trade, and various guesses and statements have been made, but as a matter of fact nothing definite is settled as to the quantity to be re hipped, as it will depend largely on the condition of the market here, there being possibi- lities of large developments in that direction. first shipment of 1,500 bales has arrived al- ready and is supposed to consist of lighter weight Sheeting chiefly, but Cotton Flannels are also mentioned as bing under rders to a moderate ex- tent. This has naturally caused not a little excite- inent, and the Native dealers are assuming a uch more chee ful and confident demeanour, and a cer- tain amount of speculative buying ha- commenced amongst themselves. Further developm-nts are The movement has a certain now awaited. amount of significance in face of the reported heavy engagements of manufacturers for the home trade until late on in the year, and the small supply of Cotton available; in fact telegrams have been rec ived here sta ing that the stock of "middling" is exh usted in the States, in spite of the enormous crop, and futures are quoted 11.28 cents gold for December and 11.38 cents for Janua y, so that there may be wheels within wheels as it were. As regards the Manchurian question, it appears to be attracting more atten- tion in interested quarters and may eventually he satisfacto ily settled to the in erests of all concerne 1, but meanwhile the establishment of the Custom House at Dalny has ag in been post- Manchester is asking poned until July now. higher prices in view of the advance in Cotton, to-day's wire quoting the Liverpool market 78. 1d., for spot Mid-American, while futures are only 6.55d. Egyptain remains steady at 10d. An important upward movement in New York has generally under-tood the market is strong and caused more free use of the telegraph, and it is
advancing, with no possibility of fresh supplies being procuable for export before November or December. Current busines from first hands remains as dull as ever, there being scarcely any movement perceptible. Amongst second hand holders, however, there is d cidedly more activity, but what would be a very ctive movement is values, at which these stocks were availible to checked by the higher prices wanted. make a fair quantity of purchases upon the and there it has been possible to pick up small basis of prompt clearance. There has been a parcels at cheap prices from weak holders, but ce tain amount of business done in resales from they will not part with any large quantities and here for shipment back to America of American that i just what buyers for the consuming dis- 4-yard Sheetings and Jeans, also of a few 3.50- tricts are waiting for. At the Auctions prices yard Sheetings, and negotiation for the sale of have ruled very irregular, so much so that it is further quantities in 3 and 3.25-yard goods are stated to be in progress.
difficult really to judge of the tendency f the mar- These sales will, ifket. Nothing but a close comparison of prices can sufficient in quantity to make any noteworthy give any adequate idea of the course of business, impression upon the heavy stock figures, con- Cotton Yarn.-Indian-In spite of all else the siderably ease the position of holders here, and price of Cotton must have some effect on these also encourage buying from the consuming spinnings, which show signs of being more firmly districts, the recent reselling of a few bales of PVC Dills to the Bombiy markets having had the effect of strengthening the price of that well-known brand from Tls. 4.05
few days ag to Tls. 42. and ls. 4.2 is now being asked. The rise in prices in supplying countries which has rendered such business as the above possible, may be regarded as a fortuitous circumstance, but the absence of demand from Manchurian outlets for which the overtrading of the year before last has long since been fully disc-unted, that gives rise to this uunatural from of business, is one that is to be deplored. The Peking correspondent of "The Times" has drawn his paper's attention to the Japane-e negation in practise of the policy of the Open Door in Cloves Manchuria, and refers to the wholesale employ-: Camphor ment of imitated British and Foreign trade. marks. Although Japan became a part to the Fennel Seed Indernational Trade Marks Convention in 1899, Galangal it would appear that tapanese shippers are
Grapes Kismis supported in this connexion by thit country's
Qlue official attitude with regard to this question, as exemplified in a recent decision in a wel -known trade-mark
CHSO tried in Japan-ie, James Buchanan & Sons' " Black and White whisky trade-mark. Manchester has been closed owing to the Whitsun holidays, but American a lvices show the mills there to be in a very strong position, and pro luctions mostly sold well up to the end of the year.
The following is the weekly Piece Goods May 24th:-During the week under review the Report of Messrs. Ilbert Co., dated Shanghai,
tone of our market has undergone no change, the course of prices on the whole having been steady
to
firm, with hut lit le resale transactions recorde 1. In American Sheetings and Cotto Flannels, there ha been some forced liquidation of stocks by one or two weak holders, Szechuen buyers having take advantage of the cheap
Here
held than of late. The result has been a consider-
ably reduced off-take, but prices have remained steady to firm. The No. 10s have found buyers for Tientsin and Kiaochow at steady to firm prices, as compared with last week, and for the River Ports much the same may be said of the other counts.
HONGKONG QUOTATIONS. HONGKONG, 30th May, 1907. Apricot Borax Cassia
Cow Bezoar
$ 10 to 15
$ 18 $ 18
"
18
$ 25 40
$110 140
$160
"
"
8 3
9
12
$ 3
$10
12
$
9
11
*
$ 24
28
17
Olibanum
$4
16
Oil Sandalwood
Hosa Cassia
$241
"
$ 50
350 150
*
$270
"
Raisins Senna Leaves
$ 7
11
*. 3
8 7
"
8 21
Ja
$ 10
12
Sandalwood Saltpetre
29
101
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