7
122
COMMERCIAL.
OPIUM.
HONGKONG, August 22nd.
Quotations are:-Allowanco net to 1 catty.
Malwa Now
Malwa Old
Malwa Older
do.
do.
.$870 to .$840
to
$880 to
to
do.
Persian Fine Quality ..$700
to
do.
to
.$8121 to
to
to to
Malwa Very Old ......$900
Persian Extra Fine ...$750
Benares New ............$807 Benares Old
Patna New
Patna. Old
COAL.
8 8 8 8 8 888
do.
do.
do.
dɔ.
Messrs. Hughes and Hough, in their Coal Report of 22nd August, state that 18 steamers are expected at Hongkong with a total of 66,200 tons of coal. Since Aug. 11th, 15 steamers have arrived with a total of 42,700 tons of coal. In Japanese, further sales of low grades 30,000 tons extending over six, months are reported at $6.25 per ton ex-ship, also small sales of Austral- ian at $12.00 per fon ex-ship; other kinds have been entirely neglected. Quotations:-
THE HONGKONG WEEKLY PRESS AND
|
PIECE GOODS.
Mesars. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai, | 16th August, 1907, states --The feelings of many of the British import houses here who have been for years interested in the trade of Coroa can better be imagined than described as they see its total extinction slowly but surely getting nearer and nearer. Probably because the British trado per picul with that country does not figure to any great extent in the Board of Trade Returns, the Govern- ment does not consider the actions of Japan, towards that country are worthy of notice, but for years past a steady trade in Manchester goods has been done through Shanghai, and this is altogether per chest. doomed if Japan is quietly allowed to absorb the
trade, as she is evidently trying to do, by bring ing about a Customs Union. The report that the United States is willing to aid and abet her in doing so, as a sop to counteract the awkward situation that has been raised over the immigra. tion question, is only natural, considering her commercial relations with Corea are of no import ance. It is, however, quite time a halt was called and a re-valuation made of the open door" and "fair field and no favour" protestations that were so much to the fore a few years ago, both with regard to the Manchurian and Corean trades. The market here has been in an almost lifeless condition during the interval, with operators care- fully watching the steadily declining exchange, trying to fathom what effect it would have on prices. But it is the unexpected that always hap- pens, and before it was possible to fix on a working basis there is a reaction in the silver market, probably due to speculation, and the unprecedented advance of nearly a penny in one day is advised, quite upsetting all calculations and throwing trade into confusion worse confounded than before, What business has been done must have been on the verieat retail scale, and the hot weather seems to have affected clearances. Mentioning which reminds us that the banks have found the new regulation they tried to enforce as to not issuing delivery orders for less value than Tis. 200.00 to be quite untenable in the present state of our market and it has been rescinded. Most importers are certainly complaining that clearances are of the most retail description. Fresh business is alto- gether out of the question, especially in the United States, where the labour question is undoubtedly largely responsible for the curtail- ment of supply beyond the bare necessities of the advices under the conditions then prevailing, and home consumption. From the latest New York they certainly have not improved, a normal product of the looms cannot be secured, and the present scarcity must continue well into the coming year. That manufacturers are not making to a loss is clearly shown in a circular recently received, which says:-"Present prices of prints and sheetings afford a good profit even at
Cardiff..................... $14.00 to 15,00 ex-ship, nominal Australian .....$11.50 to $12.00 ex-ship, nominal Yubari Lump...$12.00 nominal Miiki Lump ...$10.00 nominal.
Moji Lump .$6.50 to $8.50 ex-ship, steady. Moji Unscreened$6.00 to $7.50 ex-ship, steady. Akaike Lump...$7.75 to $8.00 steady. Labuan Lump $8.00 nominal.
YARN.
Mr. P. Eduljee, in his Report, dated Hong- kong, 23rd August, 1907, states:-Towards the close of last mail exchange showed signs of weakness and commenced to decline in the early portion of the fortnight in sympathy with silver. Simultaneously with this decline a fairly active demand set in, and a large number of bales changed hands. Prices, how ever, show little or no change, but there is a hardening tendency for No. 10s while other counts are steady. Subsequently, owing to the reaction in exchange, buying has ceased entirely, but considering the condition of the Bombay market, and rapidly decreasing stocks here, holders have assumed a bolder front, and no decline in prices is looked for in the near future more especially as exchange at the close is tending downwards. Importations during the fortnight are very small and far exceeded by the off-takos, stocks showing a substantial decrease on last estimate Sales of the interval aggregate 8,345 bales, arrivals amount to 5,360, unsold stock estimated at about 32,000 bales, and sold but uncleared stock in native hands about 31,000 bales, Local Manufacture: Continues quiet. Japanese Tarn:-Sales of Kurashiki No. 168 (Three Horses) and of Setter No. 208 (Red Peacock) aggregat ing 350 bales are reported. Raw Cotton :--Is weaker, but holders are not anxious sellers, as advices from producing markets point to a higher range of values. Bales reported are 350 bales Indian at $19 to $201, and 150 bales China at $22) to $24. Unsold stocks estimated at 2,200 bales Indian and about 375 bales China. Quota- tions are $18 to $21 Indian, and $22 to $21 Chinese, Exchange on India touched as low as Rs. 1641 for T/T and Rs. 165 for Post during the early portion of the interval, but subsequently rallied and again closes weak to-day at Rs. 1644 and Rs. 1644 respectively. On Shanghai 72} and on Japan 107. The undernoted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 17th instant, viz: Indian:-Market dull with a small enquiry for special chops; total sales about 3,700 bales at slightly easier rates and one estimated stock of 125,000 bales. Japanese-Market weak, sales about 2,000 bales on the basis of Tis. 88 to 881 for No. 16s and Tls. 88 to 97 for No. 20, prices showing a decline of 1 to 14 Taels. Local; p. Véry Ettle öding.
15 cents for Raw Cotton". The Man- chester market keeps very strong and but little has gone through for this country. Cotton has fluctuated during the interval, Liverpool advancing to 7.48d; it declined to 7.30 on the 13th inst., when "futures" were quoted 6.95d, and this morning's telegram advises it back to 7.38d again for Mid American, while Egyptian remains steady
at 10.75d.
On the whole the weather conditions have been better throughout the country and much more favourable to the crops, the prospects for which are improving. In this neighbourhood Cotton has shown up a little better than was anticipated and there are some hopes now that with a continuance of fine weather a fair yield may be harvested. In the north copious rains appear to have fallen, and it is now reported that "China's Sorrow" the Yellow River, is once more threatening to overflow its hanks and cause desolation and distress, but it is hoped that may be averted.
In the private market there is really next to nothing doing either from stock of forward. Any transaction that may have taken place must be of a purely retail character and not considered worth quoting. At the auctions a considerable amount of irregularity has been shown. In Grey goods the heavier makes show up the most favour- ably, but in White Shirtings it is only here and there that any improvement is noticeable. The increased quantities of Turkey Reds that are being forced off are telling seriously on the less popular chops. Fast Black Cotton Italians went with a good deal of irregularity this morning, as did Wollens, but some chops of Camlets are realising better prices. There is a little movement in Figured Venetians which are showing signs of having been overdone, and great discontent is being expressed amongst the trade at the late deliveries, against which there does not seem to be any
redress.
[August 24, 1907.
Mesars, Ilbert & Co.'s Piece Goods Report, dated Shanghai, August 15th, 1907, states:-The week has been a quiet one as regards both direct sales and inter-native transactions, the purchases from stock of some three to four weeks ago being steadi- ly cleared for the consuming outlets, from which, however, fresh orders are not at present forth- coming. Dealers are engaged at present in "sit- ting on the fence," owing to the entire absende of speculative demand this year, and they pro- hably will not come down from that position, excepting to buy as the internal demand may require. The latter being entirely dependent upon the agricultural conditions of the country, it is encouraging to note a decline of $1.40 per picul in the price of rice which has taken place during the past three weeks, to-day's quotation being $8.20, and that the harvest prospects point to a considerable further decline in price as the season advances. The want of demand for American goods has led to a few further regalos of Sheetings from hore back to America, and we understand that negotiations are in progress for a fair quantity more, the home trade being brisk and the mills turning down orders owing to their heavy engagements. Stocks of most classes of English staple goods are getting down to a mo- derate compass, while supplies on the way aro light, but the level of prices in Manchester still leaves a very wide margin to be bridged, and from the present outlook as regards cotton it looks as if this market has got to do most of the bridging.
AMOY CUSTOMS RETURNS.
The Amoy Garette and Shipping Report, dated 17th, Aug. 1907, has the following list of the principal goods passed through the Amoy Cus- tom House.
IMPORTS.
Goods.
Cotton Raw, Indian.
Native "J Yarn
"
Shirtings, Grey
T-Cloths
Shirtings, White
T. Red Shirtings
Drills.......
Shirtings Dyed, Brocades.........
"
Dyed
Damasks Camlets Lasting... Spanish Stripes Lustres, Figured.. Lead in Piga Tin in Slabs.. Iron, Nail Rod.. Quicksilver Iron, Old Ironwire
Rice
Opium, Patna
QUANTITY
pls.
Sp
18
996
13
pcs.
550
"
200
50
"
19
15
13
46
12
20
yds. 58
19
pla
11
161 13
8
17
66
"
"
"
2,259
99
Benares
39
"
21
Persian
11
"
Malwa
»
*
Szechuen
4
11
23
Yunnan
3
"
13
Kiangsu..
"
Sesamum Seed
"
Sapanwood
Sandalwood
Rattans..
Wheat
Flour..
Beancake
Beans and Pens Bicho de Mer Mats, Tea.....
Oil, Kerosene American
Borneo in bulk Russian Sumatra
31
19
31
1
Coal
Tobacco Leaf Vermicelli
Sugar, White
12
Brown
11
Candy
Hemp Bags
دو
1811138
19
155
22,828
"
pes. gals.
1
6,086
493
257,030
13
Bulk...
#1
18,210
EXPORTS.
Sacking Paper I Quality
II Tobacco, Prepared Kittysols (umbrellas)''
tons.
pla. 456
ะ
pls.
64
800
1,960
pls. *400*
181
182
ཟླ, ཐཔསྨིཾ, མམྨཾ, ཋ མཚོ
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