The-Hong-Kong-Weekly-Press-1907-06-15 — Page 10

Hongkong Weekly Press AND China Overland Trade Report All

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4. A letter is read from the Ameriosa Consul complaining of inconvenience caused to past. engers landing or embarking at San-ku-chan Jetty, owing te cargo boats blocking up both sides of the jetty. The Council decide to inform the American Consul that the matter has not been allowed to slide as he states but on the contrary has bad the Council's most careful consideration, and that while they still consider that the trade interests of the Port come first, they will do what they can with cargo bost employers to see that a part of the Jetty is kept free for gigs | and sampan8.

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5. The Superintendent of Police reports that complaints have been received that cattle are allowed to stray about island during prohibited hours to the danger of the public-in two cases residents riding ou the island bare bren attacked by buffaloes. He is directed to call the owners of the animals attention to the regulation forbidding the straying of cattle before 8 a.m. and after 4 p.m., at the same time pointing out the necessity of having coolies in charge who are capable of controlling the animals and whose duty it is to see the animals graz well away from the public roads. The Police are to be instructed to strictly enforce these orders.

6. On the motion of Mr. Bowra, the ecretary is instructed to request the Commanders of Foreign War Ships visiting this Port to gira instructions that when parties are landed on the beach for bathing, the men wear bathing costume.

7. The Secretary requests instructions as to granting permission to Commanders of War Ships to land parties for rifle and revolver practice on the range at Commissioners' Beach. It is decided, Mr. Bawra dissenting, to authorize the Secretary to grant such permission, providing the officer commanding the party so practising takes all precautions for the safety of the public.

8. The Superintendent of Police reports the following cases have been dealt with at the Mixed Court since the last meeting-

SUMMONSES,

THE HONGKONG WEEKLY PRESS AND

COMMERCIAL.

The Yokohama Prices Current and Market

Report, published by the Yokohama Foreign Board of Trade, and dated May 30th, 1907, has the following:-

IMPORTS.

(June 15, 1907

Indian -With a moderate enquiry the market is firm with advancing prices, sales amounting to about 6,000 bales and stock estimated at

140,000 bales.

Japanese :-Market firm but little doing, sales amounting t› 1,500 bales on the basis of Tls. 86 to 911 for No. 168, and Tls. 911 to 98 for No.

203.

Local:-No business from first hands

Yarns -More enquiry; but little or no actual business. Shirtings-No business yet, but an early improvement is generally looked for. Fancy reported. Cottons and Woollens.-Market remains dull. Metals-On the whole there seems to be a more confident tone in the metal market and some signs of casing in the financial situation. Dealers have not yet turned their attention seriously, however, to forward business and enquiries are by no means brisk. Kerosene The market is dull. Sugar.-In sympathy with reported high values on the Continent and elsewhere the market is firm, but the business is confined to Sugar for which there is an actual trade demand owing to buyers' disinclination to lay in a heavy stock at the present moment. Indigo (Natural)-No business.

TEA.

Since the 15th instant the market has

GENERAL EXPORTS.

Copper. No change. Fish Oil.-A few more transactions are reported at about Yen 8.50 per 1 kin, and the market closes very firın.

8ILK.

During the fortnight under review Europo has heen trying to buy such lots as could be found passable for export, with the result that the general tone of our market improved con siderably, and that prices for available Silks advanced by about 1.50 per kin; but holders deman-ling still higher figures things have again become very quiet at the close. Prospects" for the new crop are excellent, and it is already estimated that from 115,000 to 125,000 bales will be available for export during the coming season, but this figure must of course be taken with all reserve as nothing can as yet be known about the surumer and autumn crop of cocoon <. Some

Debt 2, Breach of Municipal Regulations 8, small deals in new cocoons have taken place

Assault 2.

SUMMARY RREST.

Assault 4, Theft 1, Committing a nuisance 2.

(Signed) W. H. WALLACE,

Chairman,

By order,

C. BERKELEY MITCHELL,

Secretary.

OUTRAGE IN YUNNAN.

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quite recently at prices corresponding to about Y.1,250 for No. 1-1] Sinshiu Filatures.

WASTE 81LK.

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PIECE GOODS.

Messrs. Noel, Murray & Co.'s Report on the Shanghai lieco Goods trade, dated Shanghai, 6th June, 1907, states:-The air of depression that was hanging over the market last week when we wrote our Report has lifted somewhat, we are pleased to say, and there certainly does not appear to be the same necessity to hold such pessimistic views of this market as seemed then to pertain to it. Satisfactory arrangements have been made by the firms concerned to manipulate the goods thrown back on their hands, mentioned last week, with the assistance of the local finan- ciers, the result being that the market frels relieved and is in a decidedly more hopeful con- remained steady with average offerings and rea lydition. This is evidenced by the increasing buyers. Supplies are apparently scarce, and the enquiry for goods in stook although from the lower grades are especially hard to obtain. ideas the dealers hold of prices they have not as Total settelments from May 1st to May 29th yet fully appreciated the changes that have taken amount to 44,857 piculs, against 13,237 piculs at place in th producing centres during their recent the corresponding date last year.

period of hibernation. The consequence is no fresh transactions have taken place from first hands, but second hand holders are managing to got better tirms. More and more confidence is being expressed that the condition of the market will be greatly improved after the settling day on the 15th inst., and that may account for the nibbling sort of enquiry that is going on, which may possibly be for the sole purpose of finding out what supplies are in hand and the ideas of holders as to prices. In the case of some classes of fancy goods small orders for fresh supplies have actually been placed. There have also been some clearance sales of fancy goods, of a sort that is greatly over stocked, namely common Figured Cotton Lastings. Three years ago those goods were in great demand for Szechuen, and in anticipation of a continuation of it heavy quan- tities were indented for by the native dealers, and now compose fully one half of the stuck held here. The Szechuen market is glutted, and the celours wanted there are not suitable for other plices, the consequence being it is quite im- possible to move these goo is at anything like their original cost, let alone the interest and charges that have accumulated. Three years ago they were selling at Tls. 3,90 a piece-now it is difficult to obtain Tls. 2.50! And other things are in the same position. However, it is cheering to note prospects are excellent for the silk crop, and the harvests overywhere are most promising, which should enable the country to recover from some of its recent heavy losses. Money certainly seems to be very plentiful by the way the natives are endeavouring to get concessions to build railways, ete, without the aid of foreign capital, but at the same time in some districts millions have died from starvation, what relief has reached them being through the instrumentality of for- eigners. The Manchester market seems to be feeling the advance in the raw staple now much more than formerly, and spinners are getting late with their contracts, possibly owing to the scarcity of suitable cotton, although it may be they have over booked themselves. Meanwhile manu- facturers are very strong and are full of work for mouths ahead. Cotton in Liverpool commenced to advance immediately after our last until 7.42d. was quoted for Mid-American, but has receded to 7.33d., yesterday's quotation, while Futures' aro now 6.93d. This advance appears to have affected | Egyptian also, 10d. being the price received to- day. New York quotations for the now crop are 11.92 cents for October and 12.10 cents for Jan. The return shipment made by the ss. Shimosa to New York were 7,500 pieces Grey Shirtings, 18,960 pieces Sheetings and 9,960 pieces each 85 and yard Jeans. It is difficult to find out what mors has been shipped as yet. Last month's export of Plaiu Cottons from England to China and Hongkong amounted to 27,000,000 yards, while the Yarn shipped to Hongkong and Shang- hai was 1,200 bales. The falling off in the export was most marked during the second half of the month, which possibly botokens a decrease from The Yarn market i‹ quiet and there is but little doing, though at the close a firmer feel- Exchange on India has shown signs of weaknessing set in. Cotton is rather inclined to advance in and after some fluctuation closes steady to-day at Rs. 163 for T/T and Rs. 164 for Post. On Shanghai 73) and on Japan 107).

Market unchanged. Settlements from May 14th to May 29th 500 piculs. Total Settlements from July 1st to May 29th:-57,000 piculs. Stock on May 30th is estimated at 5,400 piculs, viz.-Noshi, 800 piculs: Kibizzo, 3,600 piculs; l'ierced Cocoons.-piculs; Sundries, 1,000 piculs.

YARN.

There has been much more doing throughout the past fortnight than during the previous two weeks, but the market has been entirely unhinged by the keen competition amongst importers to quit stock. Prices have further receded : 0 cents to $2 per bale, and although the decline has been partially recovered in special instances, owing to scarcity. the market may be

termed unsteady and irregular. The enquiry has been general and almost all counts have been dealt in, but as No. 10s are comparatively much cheaper in value and may be said to have almost touched bottom considerable attention is being paid to this count. Receipts during the interval have exceeded the off-takes and our stock shows a small increase on last estimate. Bombay is re- ported strong.

News has come to hand from Yunnan-fu, the the capital of the province of Yuunao, giving particulars of a brutal attack that was made apon the Rev. Samuel Pollard of the Bible Christian Mission. The outrage was committed at a market village near Chaotong at miduight on April 8 by a band of men, Chinese and aborigines. On the following day Dr. Savin, of the same Mission, on being informed of the occurrence went to the village, where he found Mr. Pollard on the ground unable to move and in a very serious condition. On April 12 he was brought into the city, where he was made a little more comfortable, and hopes entertained that his life would be saved. Oa April 19th Dr. Savia wrote:-" Mr. Pol look's body is covered with bruises. The most important injury is that to the lang, The left lung before the heart is wounded, and there is an escape of air into the surroundingspired. tissues. Whether there is a broken rib l cannot tell. For the first few days he had to lie full length upon bis face, but now he can wriggle from one side to the other and can lie upon his back. It will be some time yet before he can leave his bed and longer still before he can recover from the serious sho:k."

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The reason for this dastardly attack is not known. Mr. Pollard was on an itinerating missionary journey and bad put up for the night in the village where the attack took place. He has worked for many years in Yünnan and has gained the respect and esteem of very many of the people who have come to know him. The N.C. Daily News understands that the British Consul at Yüanaafa is in communica- tion with Peking in reference to the affair.

Sales of the interval aggrogate 7,665 bales, arrivals amount to 11,565, unsold stock estimated at 68,000, and sold but unclearod yarn at 35,000 bales.

Local Manufacture :-No business has tran-

Japanese Yarn:-Continues in demand, and 100 bales No. 18s and 230 bales No. 20s are reported to have changed hands at $120 and $121 to 131 respectively.

Raw Cotton-The market is almost lifeless for both Indian and China kinds and the only business reported during the interval comprises the sale of 24 bales Bengal at $20, and of 90 bales Shanghai at $23. Unsold stock 1,700 bales Indian and 450 bales China. Quotations are $17 to 20 Indian and $23 to 231 Chinese.

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The undernoted business in imported and local spinnings is reported from Shanghai during the

ortnight ended the 8th instant, viz:--

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now on.

spite of the higher exchange and lack of demand by the mills. The current business during the interval is almost entirely credited to the auctions and second hand holders. At the former there was a much better feeling shown on the whole, though perhaps not very regular throughout

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