422
COMMERCIAL.
OPIUM.
HONGKONG, June 21st.
Quotations are:-Allowance net to 1 catty.
per picul.
do. do.
Malwa New
$820 to
Malwa Old
$850 to
Malwa Older
$880
to
wwwwww
do. do.
Malwa Very Old %.
.$920
to
do.
1ersian Fine Quality ..$600
to
----
Pe sian Extra Fine
...$650
to
Iatna New
$875
to
Patna Old
to
Benares New Benares Old
..$865
to
to
do. do. do.
COAL.
per chest.
Messrs. Hughes and Hough, in their Coal Report of 21st June, state that 26 steamers are expected at Hongkong with a total of 98,800 tons of coal. Since May 31st 21 steamers have arrived with a total of 56,575 tons of coal. The market for most kinds has continued dull. Small sales of Australian have been made to arrive at $12 per ton ex-ship, There is a small demand for good Lump Japanese, and spot cargo is scarce, However, unscreened and medium qualities are offering freely without leading to business. Quotations
Cardiff..
$14.00 to 15.00 ex-ship, nouinal. Australian $11.50 to $12.00 ex-ship, nominal. Yabari Lump...$12.00 nominal Miiki Lump ...$10.00 nominal.
Moji Lump ......$6.00 to $8.00 ex-ship, steady. Moji Unscreened$6.00 to $7.00 ex-ship, steady. Akaike Lump...87.75 to $8.00 steady. Bengal..... .$9.00 to $9.50 nominal. Labuan Lump $8.00 steady.
PIECE GOODS.
Such
THE HONGKONG WEEKLY PRESS AND
it is not worth while repeating them, as we prefer to depend on the auction sales as a more reliable indication of the course of the market.
These have been for the most part quite steady to firm for grey goods, which were inclined to droop. Bleached goods sold irregularly and with exception of some of the finer makes went at lower prices. Turkey Reds were inclined to be weaker in some chops, though others were quite steady. The Fast Black Cotton Italians were slightly weaker, though they did not lose all the substantial advances they made last week. Woollens continue selling at steady to firm prices for all makes. Fancy Gooda.- Our I attention has been called to the statistics for Figured Cotton Lastings, which appear amongst the re-exports in much larger quantities than some consider to be actually the case, and the question is raised as to whether certain qualities of Italians are not being returned as Lastings. It makes the figures very unreliable, in fact worthless, but it is suggested by an importer that the difficulty would be overcome, to a great, extent, if goods packed 50 pieces in a case were returned as Lastings and those packed 30 or 40 pieces in a case, as Italians, and the half yearly returns might be made on these lines. Cotton Yarn.-Indian.-The better feeling evinced at the close last week has been well maintained in spite of the vagaries of Exchange, and we are able to report a larger volume of business at firmer rates generally. Buying has been for Tientsin and the River Ports in the case of No. 20, also for Tsingtau and the River Ports. The total transactions amount in the aggregate to 2,118 bales.
more or less
|
|
The following is the weekly Piece Goods Report of Messrs, Ilbert & Co., dated Shanghai. June 14th, 1907 :-Although the approach of the "Dragon Festival" setting day (15th instant) has exercised its usual restraint amongst the natives against fresh purchases from stock during the past day or two, there is a quiet undercurrent of strength pervading the market, and inquiry of a marked character has emanated from nearly all the principal outlets during the interval, more especially from the Yangtze Valley and Ningpo. whilst Chefoo and Kiaochow have also parti- | cipated. There has been a strong demand for Drills, the stock of these goods being down to moderate compass, and most qualities have shown R considerable rise in prices obtainable; a tentative inquiry for American Sheetings is also is evidence, mostly for Newchwang, but there is little or nothing coming out from holders' hands at values quoted, whilst the hesitancy on the part of buyers has resulted in some further reselling of stocks here back to America at values which show some 3d. per piece improvement upon those of such earlier sales. Bombay Yarns have continued to rule firm, values having improved about one half tael during the week, but the past day or two has shown signs of the demand having been temporarily satisfied. Altogether the out- look is distinctly favourable compared to a few weeks ago, and the pulse of the market, as shown by its agricultural state continues to beat steadily towards improved internal demand.
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods trade, dated Shanghai, 13th June, 1907, states:-With the nearer ap- proach of the settling day, on which so much store has been set, the enquiry in our market has become quieter and buyers have found out what cargo importers hold and about the prices they are willing to sell at, the net result being that there is a difference of two and a half to three mace a piece between the ideas of buyers and sellers. being the case nothing has been done, both being willing to abide by the ruling of the market when business is resumed after the holiday, though holders are strong in their expectations that they will not have to accept lower prices than they have named, Under the present condition of the home markets there certainly seems to be no reason why they should take anything below covering rates, which would then be less than the replacing cost. The reshipment of cargo to New York continues and seems to be having a very salutary offect on this market, an advance of two and a half to three mace having already been established. Early in the interval the wet weather bas interfered with them considerably. The news from Tientsin is that the country there is suffering from want of rain and the demand for consumption is very quiet at the moment. From Newchwang there is as yet no encouragement, while the Japanese traders established there are petitioning their Government to do something to alleviate the depressed state of affairs there. The agreement between the Chinese and Japanese regarding the establishment of a Chinese Cus- toms House at Dalny is published, and it is to be hoped will become a matter of fact before long now. Anything that will serve to relieve the unsatisfactory state of affairs up in that region will be welcomed by the trade. The only negoti- ations with Manchester seem to be with regard to Fancy Goods, but even their prices and terms of delivery appear to be prohibitive. Cotton, after advancing to 7.47d. in Liverpool for Mid-American, suddenly declined to 7.22d., recovering at the close to 7.26d, futures being quoted 6,8ld. Egyptian,after advancing rather, has settled down at 10 d. at the close. In New York October option is 11.78 cents and 11.88 cents for January. In reply to a special inquiry regarding the prob- able future course of the market for American cotton. The New York house of a local firm White Vegetable Tallow, Mongyu wires. "In our opinion present prices will be Green Vegetable Tallow, Kiyu.............. maintained." The stringency in the market Animal Tallow there for domestics is caused by the scarcity of Gallnuts, usual shape
do. labour, and the consequent curtailed production, | Gallnuts, plum and not the high price of cotton. Further return | Tobacco, 'T'ingehow shipments have been published per the 8.s. Korea Tobacco, Wongkong and Norman Prince, making the total quantity Turmeric so far: Shirtings 17,190 pieces, Sheetings 39,760 prices, Jeans 20,960 pieces, and Cotton Flannel; 1,000 pieces. There are naturally numerous re-sales reported, but the prices are so unreliable
MISCELLANEOUS EXPORTS. HANKOW, 12th June, 1907.-The prices quoted are for the net shipping weight excluding cost of packing for export:-
Cowhides, Best Selected.
Do. Seconds
Buffalo Hides, Best Selected. Goatskins, untanned, chiefly white
colour
Buffalo Horns, average 3 the each White China Grass, Wuchang and or
Poochi. WhiteChinaGrass, Sinshan and orChayu Green China Grass, Szechuen Jute....
White Vegetable Tallow, Kinchow White Vegetable Tallow, Pingelew
and/or Macheng
Sesamum Seed Sesamum Seed Oil Wood Oil Tea Oil
Per picul Tls. 34.00 31.50 22.00
1
"
"
7.50
"
10.50 10.00
[June 24, 1907
Messrs. Arnhold, Karberg & Co.'s Fortnighty Produce Circular, dated Shanghai, 13th June, 1907, states:-Gallonts.--There has been a small
decline in first-cost prices, which has brought ont a number of orders. Cowhides. Very quiet. Season practically over. Tobacco.-Small sup- plies of low grade tobacco. Feathers.—Market continues strong. Hardly any supplies. Cotton. Very little offering. Market strong. Tallow,- The season is closed. Strawbraid.—Supplies of all braids remain small at firm prices. Loyeh white; Kwangchow white, medium split, Shangi mottled are the goods which are mostly in demand. Goatskin Rugs.-There is nothing new to report. Wool.-Sheep-Small lots of Szechuen Wools are coming in and promptly taken. The situation in America is unimproved Wool.-Camels.- Market continues very strong, Wood Oil.-Sup- plies are small and only a limited business has beeu done. Antimony, Market declining. Buyers holding off.
Fer steamer Ajax, sailed on the 4th June. For Havre London/Continent: - 10 cases essential oil. For Marseilles Havre: - 25 bales human hair. For Havre:-350 rolls mats, 34 bales feathers. For London:-143 cases chinaware &c., 370 bales canes, 1,300 packages firecrackers, 100 casks soy, 228 bales canes. For London/Glasgow:-210 casks ginger. For Glasgow:-8 bales straw cuffs. For London opt. Continent:-100 bales feathers, 150 bales canes, 270 rolls mats, 200 bales galangal. For Hamburg 260 biles canes. For Hamburg/ Antwerp:-
:-70 boxes bristles. For Copenhagen:- 60 bales feathers. For Rotterdam:- 450 packages cassia. 20 bales feathers. For Antwerp:-190
bales feathers.
Per steamer Oceanien, sailed
on the 11th June, For Marseilles:-290 bal-s raw silk, 300 bales waste silk, 2 cases silk piece goods, 37 packages human hair, 199 packages tea, 7 cases feather, 10 cases ylang ylang oil, 23 ca es cigars, 200 cases ginger, 1 case essential oil, 12 cases provisions, 6 packages sundries, 3 cases hats. For For St Chamond :- Lyons:-365 bales raw silk.
35 hales raw silk. For Milan 30 bales raw silk.
For
Per steamer Malacca, sailed on 11th June. For Antwerp-22 packages canes. For Manchester:---50 bales waste silk. Liverpool:-850 bales heinp. For London :-- 2 casės cigar. 280 bales tea, 120 rolls mattings, 100 hales waste silk, 20 bales bristles, 40 packages merchandise, 1,576 bales hemp, 1 case personal effects, 92 cases chinaware, etc., etc., 7 packages silk, 2 cases silk screens, etc.
For
Per steamer Malta, sailed on 15th June. For Manchester :-50 bales waste silk. Gibraltar-2 cases silk and curios. For St. Chamond: bales raw silk. For Lyons:-280 bales raw silk. For London: -- [
Case
embroideries, 2 case silk, 250 bales waste silk. 60 bales raw silk, 1 case ivory, 9 cases china ink.
For Marseilles:-8 cases human hair, 189 bales raw silk, 50 bales waste silk, 5 cases bird's feathers.
SHARE REPORTS.
Mesars. J. P. Biszet & Co.'s Share Report for the week ending June 13th, 1907, has the following:-We have had a quite market since our last issue, and there is very little variation in rates with the exception of Shanghai Dock and Engineering Co. shares, which have had a swift decline to Tls. 75. Most Hongkong stocks hava also suffered a considerable decline and "business there is exceedingly quiet. The_T.T._rate"on London to-day is 2/111. Banks.-H 8 Banks. Without actual business reported sellers prevail at $880 and a few shares are enquired for at Insurance. — $870. The rate in London is £98. Yangtaze Insurance. There are buyers at $170. Shipping.-Shanghai Tugs. The market opened at Tls. 45 for the ordinary shares and quickly advanced Preference to Tls. 48, closing firm at Tls. 46).
still 10.20 shares
од remain
offer at Tla. 50. Docks and Wharves.-Shanghai Dock and En- 10.20|gineering Co., Ld. A fairly good business has been done this week at declining rates. The market opened nominally at Tls. 82, when many shares being on offer the next rate reported was Tis. 80, with a sale for December at Tls. 82). A further weakness prevailed and shares changed hands at Tis. 79, Tls. 78. Tls. 70 and Tls. 75 for cash and June delivery. Subsequently Tls. 76 was again paid for cash shares and the market closes at this figure. Forward rates are uneven and we cannot give a close quotation. Hongkong The latest quotation from and Whampoa Dock.
Shanghai Hongkong is $100 buyers.
8.50 11,00
10.50 14.25 17.50
6.00 5.40
H
8.70
and
:
}
No comments yet.
Private notes are available after approval.