374
The
COMMERCIAL.
Yokohama Prices Curront and Market Beport, published by the Yokohama Foreign Board of Trade and dated Yokohama 15th, 1907, has the following :--
IMPOR 18, Yarns,-Prices have declined to some extent, but very little business is doing. Stocks are decreasing, Shirtings.-Market is decidedly weiter, and buyers have withdrawn. Fancy Cottons and Woollens.-Market on the whole is flem, Woollen Italians' prices fully main- tai 3d, Cotton Sateens perhaps a trifle easier. Winter Woollen and Worsted trade decidely dull, probably owing to heavy stocks carried over. Mla-Moro signs of life are being evinced th for some time past, and low quotations from hon
are proving attractive enough to land a limited tonnage of new business. Kerosene. Market very Arm. Sugar.-Nothing to report Indigo (Natural).-Nothing doing.
EXPORTS.
Tea.Total settlements from Way 1st to November 15th amount to 101,597 piculs, against 101.421 piouls at the corresponding date last year.
GENERAL EXPORTS.
"ish Oil-About 20,000 cases have been taken out of the market at about Yen 7.50 per 100 kin. pper. Some small transactions are reported at Yen 36 per 100 kin for Furukawa Bessemer.
SILK REPORT.
During the last fortnight a veritable debacle has taken place in our market, and prices have receded by about Y. 1.50 all round. The principal reason for this almost unprecedented fall bas been the financial crisis experienced in New York. which caused a panic among holders and pro- ducers of Raws, and gave the "Bears" free play in the open market, as well as on the local Silk Exchange, to such an extent that the latter place bad finally even to be closed for the time being Under these circumstances, all prices are absolutely nominal and irregular, and prospects for the future exceedingly gloomy.
WASTE BILK.
In reference to our report of the 4th Sep- tember, 1907, in which we called attention to the fact that Foreign Waste Silk Merchants of Yokohams have resolved not to buy any Kibizzo (Kikai Kibizzo down to low grades) containing frau lulent matter, we regret to bave to report that Messrs. Carlowitz & Co. of Kobe cannot see their way just at present to join this resolution. Market.-Holders being more inclined to meet buyers, a few transactions have gone through in Kibizzo Filatures, but in general the market still remains inactive with a declining tendency.
PIECE GOODS.
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THE HONGKONG WEEKLY PRESS AND
satisfactorily. Great things are expected of the Szechuan trade from all accounts, but there must be a lot a cargo waiting for transport for that to be possible. The vexations agitation concerning the Railway loan is possibly acountable for sluggish- ness in the more neighbouring markets, but it is to be hoped the firm attitude of the Central Government will be efficacious in putting a stop to the puerila attempts to create trouble. certainly shows that those at the head of affairs now are determined to stand no nonsense and are prepared to govern the Country without any extraneous assistance. The market in Manchester
December 9, 1907]
OPIUM.
HONGKONG, December 5th.
Qustations are:—Allowance net to 1 catty.
Malw New Malwa Old
Malwa Older
.$840 to
per pioul,
$830 to
do.
3920 to
do.
It
Malwa Very Old $970 Persian Fine Quality..$750 to Persian Extra Fine ...$795 Patna New
$880 to Patna Old
$800 to Benares New
.$880 to Benares Ol
to
to
do.
do.
to
do.
per chest.
―
do.
do. do.
MISCELLANEOUS EXPORTS.
keeps very firm and importers are marvelling at the constant reports from thence that "ther. is a good enquiry for your market and business is going through." That sort of "wolf, wolf!'' cry has been practised too long and is falling flat. It Messrs. Arnhold, Karberg & Co.'s Fortnightly is calculated that prices here are nominally fully | Produce Circular, dated Shanghai, 27th November, Afteen per cent, below replacing cost. That is
1907, has the following :-(allnuts.-Very little what holders are willing to sell at, but they can. business has been done in Usual Gallnuts. In not even do that, so what is the use of pretending Plumshaped Gallnuts the market is practically that these same mon are buying fresh supplies. at a standstill. Cowhidos.-The Market is very The Liverpool Cotton Market is steadily rising, quiet in the absence of any enquiry from home. to-day's spot quitation for Mid American coming Tobacco,~A mnall business has been done. The 6.10d. and "futures" 5.80d. while for March inquiry from Europe is poor. Feathers.-Very option it is 5.78d. Egyptians has recovered to little inquiry from home markets. Cotton.-À 10-1/164. In New York the price for Mid small business continues in Cotton. Some lots American has advanced to 10.71 cents, for having been sold during the week to Japan. January option. The demand for Yards has
Tallow.-Market very quiet but firm. Wood Oil, somewhat subsided at the moment, but importers-Holders continues to ask very high prices for are sanguine and have recently bought 15 to
hard cargo. 20,000 bales in Rombay for this market. With the exception of a small enquiry from Japan for certain staple makes of Manchester goods, which can be bought here on much more favourable terms then direct, there is scarcely any movement to report. The Auctions, however, are offering full supplies, and for the most part quite firm prices are being paid for both Greys and Whites of all descriptions, while clearances have greatly improved this week. Turkey Reds are only slightly easier while Fast Cotton Italians went at steady to firm prices. Woollens have not attracted inuch attention, and at the Auctions have generally gone in favour of the buyers. Cotton Yarn.-Indian.-The market has remained fairly steady on the whole during the interval, what advances that have been made being counteracted by the decline in the Rupee rate of exchange. The demand has continued on much the same lines as last week, the bulk of the business done being for Szechuen.
An active business has been done for January-February shipment. Strawbraid.- Business stagnant. Wool.-Sheep's.—No demand from America. Prices are in consequence declin- ing. Antimopy,Market unchanged, There is very little demand from home.
HANKOW, 27th Nov., 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 ths, each White China Grass, Wuchang and/or
Poochi..
WhiteChinaGrass, Sinshan and/orChayu Green China Grass, Szechuan Jute..
White Vegetable Tallow, Kinchow White Vegetable Tallow, Pingehew
and/or Macheng White Vegetable Tallow, Mongyu Animal Tallow Green Vegetable Tallow, Kiyu......
Gallnuts, usual shape Gallnuts, plum
do.
Tobacco, Tingehow Tobacco, Wongkong Turmeric Sesamum Seed Sesamum Seed Oil Wood Oil Tea Oil
Per pical.
Tia, 29.00
25.50
To
#
23,00
19
J
"
10.70
"T
11.00
11.60
15.40
25
18.00
19
J
1
"
5.90
..
11
9.50
15
Per M. M. Co's, steamer Tonkin, sailed on 26th November, 1907. For Marseilles:-189 bales raw silk, 75 bales waste silk, 134 bales pierced cocoons, 2 cases feathers, 60 packages tea, 2 cases silk, 81 packages human hair, 1 case curios, 23 cases hats, 7 cases porcelain, £3 cases ilang ilang, 6 osses cigars, 24 bales leaf tobacco. For Smyrna :—5 cases opium. For Milan:-105 hales raw silk. For Lyons: -165 bales raw silk. For Barcelone : -2 trunks effects. For St. Chamond :-6 bales raw silk. For Londoa :~100 bales waste silk. Manchester:-50 bales waste silk.
From Messrs. Ilbert & Co.'s Weekly Market Report, dated Shanghai, November 28, 1907 :- There has been more doing in certain classes of goods and yarn this week, but a large proportion of the business reported consists of re-sales by Chinese at very poor prices even compared with the lower level to which most of the producing Messrs. Noel, Murray & Co.'s Report on the markets have fallen. As long as quotations here Shanghai Piece Goods Trade, dated Shanghai, are from ten to fifteen per cent. below replacing 28th November, 1907, states:-It is regrettable cost, importers are patiently waiting in the hope that we have to refer once more to the big New- that some improvement in currency prices will be chwang failure, but this time it is merely to obtainable as the time approaches for Chinese correct a stupid clerical error in our last report, to negotiate for spring requirements. Exchange when we referred to the loss as amounting to over seems to be still on the downward grade; the six and a half lakhs of Taels instead of Millions! principal supports of the silver market have been This we trust would have been obvious to most, withdrawn for the time being, and until confidence as the previous week we said it amounted to over is restored in the West and brighter prospects are twenty-four lakhs.
While on that subject it discernible in India, it is difficult to see what can might be mentioned that the Central and Local bring about a substanial recovery. American Governments are reported to be lending assistance cotton has again advanced to 83. 10 per lb., but to the trade to the extent of two million taels, the future of the market is full of uncertainty; which is probably correct, as there are better the smaller crop estimate may eventually be accounts of that market, prices having advanced counter-balanced by reduced consumptivo demand, from eight to ten per cent., but exchange is very if the movement towards short time amongst the much against this although gradually improving. Southern Mills extends. Juternal demand for More goods would be shipped up via Chingwantao cotton goods in the States has been checked, in in spite of the extra cost of transit, but the native common with trade of every description, by the banks are not inclined to grant any facilities, and new policy of “turning on the light "; our market sending them up on consignment means paying is unable to send any relief to manufacturers at hard cash here and waiting a considerable time present and the best interests of the trade will be for returns. The question as to stock now held served by abstaining from pressing for new busi- in Tientsin, of America goods particularly, is ness until the Chinese have had time to reduce puzzling the brains of many holders here, and it stocks to much smlor compass. The opinion of would be interesting to learn through their dealers is that hefore long there will be more local agents approximately what there is. Being doing for the Yangtsze Markets, but there is reliably posted on such points is of the greatest little or no improvement in the North generally. | Cloves assistance to importers here, and we know of no The reported Government assistance to New- Camphor better source through which to obtain the inform-chwang has not brought about any change in the Cow Bezoar ation. It is said there is a large quantity of goods | import market, whilst the influence of Tientsin is on storage in godowns in the Native City, as depressing as ever. Some new Chinese houses which it would not be competent for most have done a small business for Talienwan, which people to get any particulars of, but which a bank may develop further as time goes on. might. We shall hope to receive some informa tion on this subject before the close of the year, which we will publish for the good of trade generally. Although Newchwany has practically stopped buying Tientsin has not as yet cominenc- ed, as was anticipated would be the case, and there is money here waiting for investment it is said. The River markets are doing fairly well, and the water in the Yangtaze is subsiding
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BILK.
Apricot Borax Cassia
HONGKONG QUOTATIONS.
HONGKONG, 9th December, 1907.
Fennel Seed Galangal Grapes
Kismis Glue Olibanum
15
From Mr. F. C, Heffer's report, dated Shanghai, November 27th, 1907, Telegrams report quiet | Oil Sandalwood Markets at Home and quote Gold Kiling in Roma London at 13/- and in Lyons at Fees, 34 50. Kaw
Camaciak Silk.-The position here is unchanged, and in the absence of business our market continues weak. Yellow Silks -A▲ fair business has been done at ' Sandalwood slightly lower rates.
Saltpetre
8:::::::::
For
$ 14 to 25
8. 14
15
$ [R
191
$ 18
32
$94
120
7
8
$12
14
$ 18
21
$ 26
th
2
14
$ 240 880
#
$ 50 180 £275
**
Raisins Senna Lea VOS
#
A
$ 29 *
:
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