.309
COMMERCIAL.
TEA.
The Amoy Chamber of Commerce Report states that the Formosa Oolongs season is closed. The export to the United States has been 16,718,929 lbs. as compared with 16,829,743 lbs. last year.
To London the export has been 482,408 lbs. against 454,174 same time last year; and the balance of the export, to various countries, was 129,928 lbs. against 122,760 same time last The total arrivals and settlements of year, Tamsui Oolongs, foreign and native packed, were 45.964 half chests against 224,586 half chests for the 1906-7 season.
SILK.
THE HONGKONG-WEEKLÝ PRESS AND
OPIUM.
During the last half of April, the movements in the various Hongkong Opium markets have been as follows:-
Malca. Putna. Benares. Perin.
419 1,253 633 1,013 331
Stooks on the 16th April, 1908 April 18th, Imports per Oceana
20th
C. Apear. 27th
Kut Sang
11
71
*
+1
11
Less Exports to Shanghai
Exports to East and West Coast Ports including Local Consumption for the fortnight..
Estimated Stocks this day ..
983
913 1,290
35
200
600
280
7501 1,953
40 95
105) 568
240
605 1,355 074
1,296
Bengal. Owing to good demand the market has been very active and prices advanced to The Shanghai market is reported on by Mr. F. C. $1,175 for Patna and $1,135 for Benares. The
Heffer under date 29th April, as follows: - No change is reported in the Home Markets. Raw Silk. The past fortnight has seen an active market in all grades particularly for the Con. tinent; at the close the Tsatles market has been opened by purchases amounting to about 400 bales on basis of Double Silver Elephant at 485, Hand Filatures-Purchases amount to about 360 bales New Styles and 1,200 bales Ordinary and Grant reel Filatures, including 250 bales Hainia Filatures. The increased dewand has streng- thened the market, and at the close prices have advanced Tis, 20/30 per picul. Steam Filatures, About 200 bales have been booked for the Continent. Tussal Filatures.-Spinning Girl 1, 2 at Tls, 330/310.
RICE.
AMOY, 30th April-The imports since the 1st have amounted to 154,849 piculs, the re-exports amounting to 1.716. Quotations are as follows:-
Shanghai, white
.$4.45 per picnl
Wuhu..
4.20
J
no cargo $4.90 per picul
Chinkiang..
Penung
Saigon, white
$4.70 to 4.85
Siam, white
Rangoon, white
5.00 4.95
*
17
Messrs, Wm. G. Hale & Co.'s SAIGON in their Circular, dated 1st May report:-Our market closes firm
We quote for June and July delivery:- No. 2 White sifted (trié) steam milled
round
No. 2 White unsifted (ordinaire) steam
milled round
$3.70
5% Cargo steam milled round
3,27
10% Cargo steam inilled round
3.23
20% Cargo steam milled round
3.18
Destination. Previously 3rd April.
1,311,500 345,000
pes.
227,900
Hongkong.....
Shanghai
76,400
Ningpo
45,300
Manila
279,300
51,500
Iloilo...
Cebu
57,000 227,900
Japan
Singapore
344,300 296,700 155,800
641,000
95,800
251,600
Batavia.
85,500
Samarang
74,200 33,600
Passoeran
31,000
Sourabaya
481,100
33,100
Noumea..
Europe
24,000 809,600
85,500 107,800 31,000 514,200 21,000 564,300 1,373,900
market closes quiet.
Malwa,-Prices have advanced about $10/20. Quotations are as follows:-
2 years old 3/4
$980
1,010/1,020 1,050/1,060 Best drug is quoted at
11
Oldest
Persian. Market is steady.
Quotations are:- Malwa New Malwa Old Malwa Older Malwa Very Old Persian Fine Quality
HONGKONG, May 8th.
$880.
$980 $1000 do. $1020 do. $1060 do.
per picul,
per chest.
$800
do.
Persian Extra Fine
.$885
do.
Patna New
$1195
do.
$1145
do.
$-
do.
Patna Old Benares New Benares Old
The import of opium at Amay from 1st January 1908 to April 24th was as follows:--
Patna, old...
nil picula
19
New
Benares...
Persian
Malwa
Szechuen
Yunnan.
Kiangsu
80
JI
.915
31
94
}
7
"
.258 .166 3
39
The quotations at Amoy on the 30th ult were: -Patas (new) $1,018 per chest; Benares (new, bottom) $1,170 in bond; Persian, medium, $600; Malwa $1,020 per picul; Szechuen $680; Yunnan $640.
PIECE GOODS.
Messrs. Noel, Murray & Co. of Shanghai, in their Piece Goods Report dated April, 30th state: -There is practically no change in the situation of the market since we last wrote, the stagnation then mentioned applying more to the lack of fresh business rather than to the current offtake of
* Prices according to terms and conditions. The following is a statement of this year's Ex- ports of White Rice, Cargo Rice and Paddy:-
Since the
Total
supplies on hand. It is true several important 1,846,500
items, more expecially American makes, show a 76.400
falling off, that being accounted for by the u-ur- 45,300
pation of the Manchurian market by trade rivals, 330,800
but so far as English goods are concerned there 57,000 is no great reason for complaint, beyond the fact that in only a few instances does the trade show any expansion. Still, on the whole it is well
up to the average, and consumers can scarcely be blained if their requirements have not come up to the high estimates formed by their over-sanguine purveyors during the past few years. Anticipated wants are not always realised, and especially is it dangerous in markets like these that are subject to so many vagaries in their most essential fac- tors, such as foreign Exchange, the price of the raw stable and the state of native finances, not to mention political complications that are ever prevalent in this part of the Orient, and the trend of which in the near future is so full of uncer- tainty. Just as things have turned out contrary to all anticipations since the conclusion of the Late War, 80 may the future course of trade be changed in the near future, but whether in favour of the old order or its more complete eli- mination remains to be seen. It does not rest with the peaceful truders here; Governments will have to determine. To add to the discomforture of holders of stocks much of which are on a sterling basis through no fault of their own, Exchange hus declined a further three per cent during the interval and there is no telling if the bottom has yet been reached. Naturally those who, like the regular Auction firms, import small quantities of each chop weekly and send quick returns, have been in a much more favourable position, and bave not had to pay the heavy interest and storage charges that have proved an almost insufferable burden to the bulk of the goods that remain here
Total...... 3,926,500 1,496,300 5,422,901 Same period of last year..
7,592,800 Tonnage.-Quotations stand as follows: 11-12 cents to Hongkong; 20/21 cents to Java; 22/23 cents to the Philippines; 20/21 cents to Japan and 10/11 cents to Singapore.
Charters. The following are the settlements:-
Ger. 8.8. Loyal Ger. s.s. Progress ...20,000
Nor. 8.8. Ulv
Ger. 8.s. Sexta
cts. per
piculs .32,000 to H.K. at
11
*
picul
14 Cto 144
*
.27,000
15 "}
.36,000
"
31
J
131
*1
21
14
12
**
13
1
>"
Nor. 8.8. Tungus ...36,000 Nor. s.s. Standard...29,000 Nor. 8.8. Ulv ...29.000 S'pore,, $2,800 in full Br. 8.8. Telemachus 36,000 to H.K. at 11 Rice Exports for the month of April of White Rice, Cargo Rice, and Paddy amount to 345,000 piculs to Hongkong, 76,400 to Shanghai, 51,500 to Manila, 296,700 to Japan, 95,800 to Singapore, 33,100 to Sourabaya. 33,600 to Samarang and 564,300 to Europe. Total 1,496,400 picula
1
[May 11, 1808
unsold. Another disaster bas fallen upon Hankow during the interval in the shape of a regular tornado involving much loss of life and property, This, coming so soon after the other one, which superstition betokened the commencement of dire disasters, according to precedent, will not help to restore confidence there, which will be a pity, for that centre was really showing substantial signis of recovery, if not actual progress, after some years of severe depression. It is becoming more and more apparent that the British and American trade will have to rely chiefly on the Yangtsze valley and Provinces further West, so that any- thing that happens in those regions is much to be regretted. A casual glance at the formidable list of cargo carried now by any of the regular old lines of steamers will give a fair idea of the increasing trade that is going on with the River Ports,
though not necessarily in Piece Goods, and taking
into consideration the increased number of stea- mers now engaged in the trade. With the excep- tion of some 3,000 bales American Sheetings which have been bought from second hands for Newchwang, rendered possible by the slightly better Exchange now prevailing, nothing of any The importance has come to our knowledge. weather here has been unfavourable and clear- ance suffered during the interval, Manchester is easier and in consequence of the fall in Cotton is apparently in a position to solicit orders. The drop in Exchange, however, counteracts any advantage gained in the cost of production. The latest Liverpool quotation for Mid American is 5.16d. and 7d. for Egyptian. No quotation for "fu- ture has come in. The current quotations in New York are 8.35 cents for July and 8.30 cents for September, which does not look like any cur- tailment in the planting for the new crop! Manu- facturers are keeping quiet and not bothering this market. The greater facility with which Yarns are moving off as compared with Piece Goods shows that there is some opening for trade where it was not so grossly over-done, The total re- exports now exceed last year's to the same date, and prospects look favourable for a continuance, The Native Cotton Crop is proving a surprise and is evidently going to be much shorter than was at one time anticipated.
Messrs. Ilbert & Co., of Shanghai in their Report, dated, 30th April, atate-There has been more business doing during the week, but it has mainly been resales by dealers of former pur chases, and in many cases buyers have been able change has apparently led up-country merchants to get goods at their own prices. The fall in ex-
to believe that there must be a limit to the decline in prices here, but the effect has been to some extent neutralized by the continuous fall in cotton. That decline has been so sudden that it looks as if it is being assisted by bear speculation; those who have maintained that good cotton will to be right, in which case there may be a smart be in short supply in the summer may yet prove
reaction later on; it is said that a good deal of quality which is not in demand. the cotton now in stock at Liverpool is of a The latest quotation is 5.16d. Business shows some signs of revival at Newchwang for which market further purchases have been settled consisting mainly of American goods at prices which are anywhere from 50 candareens to a tael per piece under replacing cost. It is said that the Chinese Government has given financial assistance to some of the Chinese banks there. It is reported that about 10,000 bales of native cloth have been
settled for Newchwang at advancing prices. Tientsin still continues very depressed, but stocks Szechuan buyers have bought more freely in are said to be gradually declining there. fancy goods. The results of this and last year's trading should impress upon importers the disadvantages of encouraging Chinese to buy too heavily; the trade could be easily carried on with half the stock which Shangbai has been customed to hold.
BC-
MISCELLANEOUS EXPORTS.
Per P. & O. steamer Devanką, sailed 2nd May, 1908. For Hamburg
For -20 cases cigars. Manchester: 225 bales waste silk. For Gibraltar:-2 cases silk piece goods. For St. For Barcelona:- Chamond:-20 bales raw silk.
23 bales raw silk. For Lyons:-541 bales raw silk. For Marseilles -27 cases cigars, 100 bales waste silk, 319 bales raw silk, 6 bale. feathers. For London:-500 boxes tea, 125 bales raw silk, 4 cases silks, 1 case old embroidery, 1 case watches, 28 cases cigars, 240 bales waste silk, 6 cases bird feathers, 1 case bamboo and tortoise shell, 8 packages clothing and books, 5 cases For Naples:-9 cases cigars. For instruments. Trieste :-6 cases cigars.
E
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