November 2, 1907]
further re-sales of 31 and 31-yard Sheetings back to America are reported to have taken place during the week at prices which return better valnes than those current here. Manchester prices continue to be at a level considerably beyond possibility of replacement, especially at the present exchange, and although there appear to be one or two weakish spots, standard makers seem to have enough to keep them going. The position of manufacturers in America is a strong one, nearly all the principal productions being fully sold up to January next, and light-weight constructions are mostly engaged up to June. Grey Shirtings 14-lb.—Our market is still suffer- ing from the recent drop in exchange and only a very limited business has been done at about last prices. T.-Cloths.- These have been quito neglected during interval. Auction prices eased off somewhat. Jeans.-There is a little more life in the market though buyers and sellers still find it hard to connect. White Shirtings.-The week has been a very bare one, only two small trans- actions being made public. Cotton Flannels.— Indian Head is reported to have been done in small quantity at Tls. 410. Dyed and Fancy Cottons.Resales of old stocks still continue to occupy Chinese and no private sales are returned. Figured Cotton Lastings and low quality Fast Blacks are reported to be rather firmer in consequence of the continued demand from the river markets which dealers are fully able to satisfy from their own stocks. Fast Black
Cotton Lastings declined all round at auction and Turkey Reds with a few exceptions were weaker again. Worsteds and Woollens. The market is quite firm, but we have not heard of any private sales, At auction Camlets and Lastings were easy and Long Ells and Spanish Stripes fairly steady. Cotton. The local staple continued firm throughout the greater part of the week, but a cessation of buying has brought about a distinctly weaker feeling at the close.
SHARE REPORTS.
HONGKONG, 1st November, 1907.-- Business has been quieter during the past week, owing mainly to the continued financial stringency, and to some extent the reluctance of holders to meet the ideas of prospective purchasers for the stocks chiefly in request. Rates, however, have remained fairly steady, and in some instances give promise of material improvement ander easier financial conditions. Exchange closes at 2/04 T/T on London, and at 74 T/T on Shanghai,
BANKS.-Hongkong and hangbais have again teen booked at $665 (old) $660 (new) at which rates a few more shares are probably procurable. The London quotations are slightly Tower at £75 and £74. 10. respectively. Nationalscontinue quiet with a reported sale of a small parcel at $51.
1
CHINA OVERLAND TRADE REFORT
MISCELLANEOUS. -The obief feature in this section has been the sudden and unexpected advance in China Providents from 89 in the early part of the week to 891, and afterwards to 894, falling away, however, almost immediately with probable sellers at the latter rate. to $94, and later to 191, the market closin
China
Borneos have been booked at $10 and wore have been in fair request, and sales have been shares are wanted. Green Island Cements
effected at 8113 and 811, market closing quieter at $11 sellers. Electrics have been booked at $141, Watkins at $24, and Watsons at 811, the latter closing with sellers. Unio Water Boats have declined to $11.
Quotations are as follows:-
COMPANY.
Alhambra
Banks-
PAID UP.
QUOTATIONS.
$200 Nominal
Hongkong & S'hai...]
$125 $125
$665, sales & sel, $860, Ln. £75
Ln. £74.10
26 $51, sales
National B. of China Bell's Asbestos E. A... 12s. 6d. $6} China-Borneo Co...... China Light & P. Co. China Provident
Cotton Mills-
Ewo....... Hongkong International
Laou Kung Mow Soy chee
Dairy Farm
$12 $10, buyers $10 $8, buyers $10 $91, sellers
Tls. 50 T18. 55
$10 $10, sellers Tls. 75 ls, 52 Tls. 100 Tls. 90 Tls. 500 Tls. 280
$6 $16.75, sellers
$60 $07, sales $50 $103 $61 311, sellers
►Tls.100|Tls 731
Docks & Wharves-
H. & K. Wharf & G. H. & W. Dock New Amoy Dock... Shanghai Dook and, Eng. Co., Ld .... S'hai & H. Wharf...Tls. 100 (T18. 201 Fenwick & Co., Geo... 99. Island Cowent. Hongkong & C. Gas..... Hongkong Electric Hongkong Hotel Co... Hongkong Ice Co.... Hongkong Rope Co..
MARINE INSURANCES.-Ucions have at eng- thened considerably, and can now be placed at $780 after sales at the rate. North Chinas »re also firmer and in request at the improved rate. of Tls. 784. Yangtzes continue on offer at $17", but selling orders for Cantons have been withdrawn, and it is doubtful if shares are pro- ourable at the nominal quotation of $250.
Insurances —
FIES INSURANCES.-Hongkongs are wanted at $302), and it is probable that a bigher rate | would be paid for a suitable parcel. Chinas continue in request at $86,
SHIPPING.-Hongkong. Canton and Macaos have been booked at $29, 8294 and 829), closing with buyers at the latter rate.
Shells are pro- ours' le at 438. Other stoots under this head. ing are unchanged and without busines",
REFINERIES, China Sugars and Lusous continue on offer at quolations, but withont al- tracting buyers.
MINING. — baubs have been fixed at $9, and more shares could probably be placed. Char- bonnages continue in request at 8470.
DOCKS, WHARVES AND GODOWNS - Hong- kong and Whampoa Docks are quiet with sellers at $103. Hongtong and Kowloon Wharvos have been booked at $67, at which rate the market closes steady. Shangnai Dooks are somewhat easier in the North at Tla. 794, but Shanghai and Hongkew Wharves Lave in- proved, and are now quoted at Tl«, 201
LANDS, HOTELS AND BUILDINGS —Quota - tions are unchanged and we have heard of no business in this motion.
COTTON MILLS. Ewos have declined to Tis. 55, and Intainstionala to Tla. 52. Other stooks under this heading are acctanged and without business.
Canton China Fire.. China Traders
Hongkong Fire.. North China.. Union Yangtaze
Land and Buildings-
H'kong Land Invest. Humphrey's Estate Kowloon Land & B. Shanghai Land... West Point Building|
Mining-
Charbonnages Raubs.. Peak Tramways Philippine Co.
Reineries-
China Sugar Luzon Sugar.... Steamship Companies
China and Manila. Douglas Steamship H., Canton & M. ...! Indo-China 8. N. Co.!
Shell Transport Co. Star Ferry
Do. New South China M. Post. Steam Laundry Co.
Stores & Dispensaries.
Campbell, M. & Co. Powell & Co., Wm. Watkins.... Watson & Co., A. 8. United Asbestos
Do. Founders... Union Waterboat Co.
$25 $16, sellers $10 $11, sellers 210 $176, buyers $10 $141, sales $50 $100, buyers $25 $240 $10 ($25), buyers
$30 $250, sellers $20 88. buyers $25 $90, buyers $50 $302, buyers 25 8.780, sales $:00 $785, buyers $60 $170, sellers
$100 $96
$10 $104 $30 $36, sellers Tls. 50 Ti, 101
$50 $48
209
Messrs. J. P. Bisset & Co.'s Share Report for the week ending 27th October, 1907, states:- The past week we are glad to report has not been marked by the dangerous and violent fluctuations of the previous one, and rates, with a few excep. tions, have not varied to any extent. Business on the whole has been quiet but satisfactory. The T. T. rate on London to-day is 2/98. Banks.- Hongkong and Shanghai Banks. We quote 3670 for the old and $660 for the new. At this rate for the latter there are a few thares on offer. Insurance.-North China Ins. Shares have been inquired for during the week at Tls. 78. A dividend of Tls. 2.65 is paid to-day. No other business reported. Shipping. Shanghai Tugs. Ord. shares are still on offer at Tia. 45 and Preference have been placed at Tis. 50. Indo- China 8. N. Co. We quote nominally Tls. 30 for the Pref. and Tls. 20 for the Deferred. Docks and Wharves.
and -Shanghai Dock Engineering Co., Ltd. A slight inquiry has been manifested for these shares during the week at Tls. 73 for cash and Tls. 74 for December. No actual business has resulted. Shanghai and Hongkew Wharves. The market opened with sales at Tla. 202 and Tis, 2024 December which was subsequently followed by a decline to Tls. 200. Some cash shares came out for sale and were placed at Tls. 194, Tls. 193 and Tis. 1921, Yester- day, however, the market strengthened somewhat and Tls. 196 was done for cash and Tls. 200 and Tls. 201 for December. Business has been done for March at Tls. 2071. Sugar Cos-There is nothing reported. Mining.There is nothing re- ported. Landa.-Some lots of Shanghai Landa have been placed at Tls. 101. Industrial. International Cottons. A sale was made during
the week at Tls. 54 December. Ewos have been placed at Tla. 57) December. Shanghai Gas Co. Shares have changed hands at Tls. 107, Maat- schappij, &c., in Langkats. On the 17th our mar- ket opened with sales at Tls. 810 and The. 815 cash, with the market at Tla. 825 for December. These rates have not varied to any extent, and at closing we quote Tis. 312 for cash nominal, and Tla. 317 for December. Buyers. Shang- hai Sumatras have declined to Tls. 112), at which rate shares are on offer. Miscellaneona.— Hall and Holtz have buyers at $21. 8. Moutrie & Co. Shares are wanted at $38. Weeks & Co. have changed handa at $21. Astors. There are sellers at $22. Shangbai Mutual Telephones have dropped to Tla. 56. Loans and Debentures.— Shanghai Municipal Debentures of this year have been placed at Tls. 28).
EXCHANGE,
FRIDAY, November 1st,
ON LONDON.-Telegraphic Transfer .....2/0†
On demand
Bank Bills, on demand
9:07
2014
Bank Bills, at 30 days' sight..
2/0
Bank Bills at 4 months' sight
2/07
Credits, at 4 months' sight
2/17
Documentary Bills, 4 mow +ha' sight.2/1
ON PARIS-
Bank Bills, on demand..
.256
Credits 4 months' sight
262
ON GERMANY.—
.29
ON NEW YORK.——
Bank Bills, on demand.
.494
Credits, 60 days' sight
..501
ON BOMBAY.———
Telegraphic Transfor
.1514
Bank, on demand
.1521
$1 $2, (new) buy. $10 $5
ON CALCUTTA.—-
Telegraphic Transfer Bank on demand
1517
..1521
ON SHANGHAI.—-
Bank, at sight Private, 30 days' sight
74
741
ON YOKOHAMA.----
On demand
991
100
Fes.250 $470, buyers
18/10 $9
{ $10 112, buyers
!
$100 $104, sellers $100 $21, sellers
$25 $15, buyers $50 $87) $15 $291, buyers
($41, Prefd., el.
$29, Defd., sellers 2143/-, sellers $10 $21, buyers $5 $11, buvarı $25 $22, sellers $5 $6, sellers
$10 $20, sellers $10 $51 $10 $24, sales $10 $11, sellers
$4 310
$10 $150, buyers $10 $114, nallers
VERNON & SMYTH, Brokers.
ON MANILA.—
On demand.
ON SINGAPORE.—On demand..............
ON BATAVIA.—On demand
ON HAIPHONG.-On demand
Ox Saigon-On demand... ON BANG.OK.—On demand SOVEREIGNS, Fank's Baying Rate GOLD LEAF, 100 fine, per tael BAR SILVER, per os,
131 p.o. pm.
.122
41 p.6. pm. ..4 p.g, pal.
73 .$ 9.70
SUBSIDIARY COINS.
per cent.
Chinese 20 cents pieces
Hongkong 20
10
19
$4.40 discount
5,0
19
4.10
5.15
*****
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