December 28, 1907]
SHARE REPORTS.
HONGKONG, 27th December, 1907-A fair amount of business was transacted during the three or four working days of the week under review, but the intervening Christmas holidays materially interfered with the market, and we have nothing of any importance to report. Rates with few exceptious still incline to weakness, and with the approaching New Year holidays another dislocated market may be anticipated. Exchange on London T/T shows a slight further decline and closes at 1/98. On Shanghai the T/T rate closes at 741
BANKS. - Hongkong and Shanghais, continue to rule steady to strong, and shares have changed hands during the week at $720, a demand at $715 failing to be satisfied. At time of closing a farther small demand for old shares meet with no response and a higher rate would probably be paid. London quotes 179.108. for old and £77.10s. for new shares. Nationals still remain unchanged and without business.
MARINE INSURANCES.-Uuions continue strong and in demand with very few shares coming on the market, and after small sales at the enhanced rate of $810 and $815, the market closes with sales and buyers at 8825. Yangiszas are reported at 140 old, and 130 new issue. China Traders have improved to 91 with buyers and no sellers. Cantons remain unchanged and without business.
FIRE INSURANCES, Ingkongs bave been out of the market with selle at $330 and no sales to report. Chinas con me strong, and sales have been made at 895, the arket closing steady at that rate with buyers.
SHIPPING.-Hongkong, Canton and Macaos, with the settlement shares clouding the horizou, as reported in our last, have ruled weak and forced sales have been made at $28. Further shares at this abnormally depressed rate, however, are unobtainable, although several buyers are to the fore, Star Ferries have changed hands at the improved rate of 12 for new shares, and the market closes steady at the rate, and at 22 for the old shares. Other stocks under this heading show no changes and call for no attention.
REFINERIES.-Small sales of China Sugars have taken place at 100), the market closing quiet at that rate. Luzons unchanged and without business.
MINING.-Raubs have ruled firmer, and sales are reported at $8,95; we quote 8.75 nominal st time of closing, Charbonnages continue in re- quest at $500 without bringing any shares on the market.
CHINA OVERLAND TRADE REPORT
Bells Asbestos, and Powells are in demand at quotation, without bringing any shares on the market. Inngkats have improved in the North to 3624, Chinese Engineerings are enquired for 157 without fading sellers. We have nothing further to report under this heading.
Quotations are as follows:-
COMPANY.
Alhambra
Banks-
PAID UP.1
CHOTATIONS.
PB. 200 Nominal
$720, buyers $710, buyers Ln. £79,10
Hongkong & S'hai...
{$125
Ln. £77.10
26
$51
6d.
87, buyers
$10, sales
$12 ($10) 81 j
$6, sellers $10 $94, sales
National B. of China Bell's Asbestos E. A...[12ɛ. China-Borneo Co... China Light & P. Co.! China Provident Cotton Mills-
Ewo..... Hongkong International Laou Kung Mow Soychee Dairy Farm
'T'ls. 50 Tls. 53
$10 $10, sellers Tls. 75 Tla. 51 Tls. 100 Tls. 65, sellers Tis. 500 Tlɛ 270
Docks & Wharves-
H. & K. Wharf & G. H. & W. Dock New Amoy Dock. Shanghai Dock and
Eng. Co., Ld S'hai & H. Wharf...T1 Fenwick & Co.. Geo...
G. Island Cement. Hongkong & C. Gra... Hongkong Hotel Co... Hongkong Electric.
Hongkong Rope Co... Hongkong Ice Co...
Insurances —
Canton China Fire...... China Traders Hongkong Fire. North China, Union Yangtsze
Land and Buildings-
H'kong Land Invest. Humphrey's Estate Kowloon Land & B. Shanghai Land....... WestPoint Building
Charbonnages
Raubs... Peak Tramways Philippine Co. Refineries—
DOCKS, WHARVES AND GODOWNS -Hong-Mining- kong and Whampoa Docks continue weak and some small forced sales have been made at 95, the market closing quiet at 96. Kowloon Wharves, owing chiefly to the new issue to be paid for on the 31st inst, have ruled very weak, and at one time during the week $56 sellers failed to induce buyers to come forward. Later, however, the stock suddenly firmed up, and sales were effected at $58. We have reason to believe | however that shares were negotiated under the lafter rate, and the market closes with sellers at $58. Shanghai Docks, after uling steady at 71 in the early part of the week, have improved to 72 in Shanghai with buyers. Hongkew Wharves after ruling firm in Shanghai in the early part of the week, close at the Northern Port at 205 nominal.
LANDS, HOTELS & BUILDINGS.-Hongkong Lands continue neglected, and without any sales to report; we quite 95 at time of closing. Hotels remain in demand at 100, but shares seem to be still unobtainable at that rate. Humphreys bave changed hands at 10 and Shanghai Lands at 101.
West Points are still enquired for in a small way at 48, but holders remain firm, and none are obtainable except at an advance.
COTTON MILIS-The Shanghai Mills are quoted the same 88 last week, except Internationals, which have improved 1 point to 51. Hongkongs remain unchanged and without business,
MISCELLANEOUS. —China Borneos have found buyers at 10, China Providents at 91. Jaion Water Bosts at 10, South China Peats at 20, Waxins at 24, and Watsons at 10, the last closing in demand at this rate. Green Islands have changed hands at 11 and later at 11 closing with buyers at the former and sellers at the latter rate. United Asbestos,
China Sugar Luzon Sugar... Steamship Companies
China and Manila.. Douglas Steamship H., Canton & M. Indo-China 3. 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. S. United Asbestos
......
Do. Founders..... Union Waterboat Co.]
$6 $18.75, sellers
$50 $56, buyers $50 $98, sellers $61 $10, sellers
Tla.100 Tls. 72
100 Tls. 205 $25 $14 $10 $11, buyers 210 $175, buyers $10 $15
$50 $100, buyers $25 $240 $10 $25
$50 $242}
$20 $95, buyers $25 $91, bayers $50 $330, sellers
25 ls. 87, sellers $100 $825, buyers
($140, buyers $60
$130
$100 $95, sellers $10 $10, sales $30 $35, sellers Tis. 50 Tis. 101, sales $50 $48, buyers
Fes.250 $500, buyara
18/10 $84 $10 $13 $1 $2 $10 $5
$100 $100, sales $100 $10, buyers
$25 $15 $50 $38 $15
$28, buyers $40, sellers L5 $23, sellers £142'-, sellers $10 $22, buyers
$6 $12, sales
$25 $20. sales & sel.
$5 $6, sellers
$10 $14, sellers $10 $5, buyers $10 $24, sales& buy. $10 $10, buyers $4 $10, buyers $10 $150, buyers $10 $101, buyers
VERNON & SMYTH, Brokers.
Messrs. J. P. Bisset & Co.'s Share Report for the week ending 19th December, 1907, states:- Matters are well adjusted now for the December Settlement taking place to-morrow, and business this week has been mostly of a give-and-take character. There is no great change in any stock to report. Exchange has once more swiftly de- clined and the T. T. rate on London to-day is 2/5. Banks-Hongkong and Shanghai Banks. The decline in exchange has enhanced the price of this
418
stock and shares have changed hands at $780 for the old and $725 for the now, At closing, however, the market is strong at $785 and $730 respectively. Insurance. - Yangtaze Insurance, There are buyers of the old shares at $146, and of the new sales at $134 have taken place, with further buyers. Shipping.—Indo-China S..N. Co. Balea are reported at Tis. 31 for the pref. and Tis. 21 for the deferred shares. Shanghai Tug & Lighter Co. The ordinary shares have declined to Tla. 43 and the pref. still have sellers at Tls, 50. Docks and Wharves.-Shanghai Dock and En- gineering Co., Ld. Some business for the Dec. Settlement has been put through at Tis. 711, and Tis. 711, and for March at Tis. 72). Shanghai and Hongkow Wharf shares. The market opened with sales at Tls. 205 for December, to be followed with transactions at Tls. 206), Tls. 207 and Tls. 2071. The March rate remained at Tls. 210 to Tis 211. In Sugars, Mining and Lands,—There is no business reported. Industrial. Ewos. There has been a good demand for these. Rates opening at Tls. 51, closing with buyers at Tis, 63. For March a transaction was done yesterday at TIs. 56. International Cottons. Shares have been placed at Tix. 61. Shanghai Gas Co. There are buyers at Tls, 107, Maatschappij, etc., in Langkats, Shares have fallen back
the during
week. On the 12th sales were reported at Tls. 370 and Tls. 3721 for December, and Tls. 382] for March cum div. The next rate quoted was on the 16th at Tis. 867) ex. div. March, the cash rate falling gradually to Tls. 350 ex. div. at which rate market closed. Shanghai Sumatra Tobacco Shares have improved from Tla. 110 to Tls. 112). Shanghai Water- works. A sale is reported of the new shares at Tis, 830. Miscellaneous.-Astor House Hotel shares have changed at $20. Shanghai Mutual Telephones remain at Tls, 64, Loans and Do- bentures. A sale of Municipal six per cent. Debs. is reported at Tls, 984.
EXCHANGE.
FRIDAY, December 27th.
ON LONDON-Telegraphic Transfer...1/94
Bank Bills, on demand
..1/91
Bank Bills, at 30 days' sight... .....1/94 Bank Bills at 4 months' sight 1/10,4 Credits, at 4 months' sight
ON GERMANY.—
..1/10
Doou asutary Bills, 4 mo- ‘hs' sight.1/104
ON PARIS
Back Bills, on demand........ Credits 4 months' sight
.2271
...........234
............
185
.484
.451
.135)
136
On demand
ON NEW YORK.-
|
Bauk Bills, on demand
Credits, 60 days' sight
ON BOMBAY —
Telegraphic Transfer .....
Bank, on demand
ON CALCUTTA-Telegraphic Transfer 185)
Bank on demand.
.136
ON SHANGHAI Bank, at sight......... 74h
Private, 30 days' sight
ON YOKOHAMA.—On demaud.. ON MANILA.—On demand ON SINGAPORE,—On demand ON BATAVIA. -On demand ON HAIPHONG.—On demand ON SAIGON-On dema id..........
•ON BANGKOK.—Qu demand SOVEREIGNS, Bank's Baying Rate GOLD LEAF, 100 fine, per tael BAR SILVER, per oz
751
881
881
28 p.o. pm.
.109
54 p.c. pm.
.5
p.c. pm.
811
.$10,90
..$17.80
..241.-
SUBSIDIARY COINS,
per cent
Chinese
Hongkong 20
"
20 cents pieces
10
19
"
10
$1.65 discount,
5.40 4.25 5.06
13
19
34
*
19
FREIGHTS
From Messrs. Wheelock & Co.'s Report, dated Shanghai, 19th December, 1907-With the excep tion of some cargo still going forward to the continent of Europe on account of the further decline in silver there is little else offering in any direction and we can only attribute this to the tightness of the money markets in various parta of the globe. Coastwise: Following on the gwn- eral stagnation of trade the China coast is no exception to the rule and there is little or no enquiry from anywhere whilst tonnage is fairly plentiful,
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