896
B
in continues 2nd- Market KOBE, June depressed state; clearances are unsatisfactory, but the bottom appears to have been reached, Manchester replacing costs are higher than a month ago, whilst Bradford goods remain about the same. There have been a few small enquiries, but no business worth recording has resulted, the general feeling being to restrict forward purchases at present.
EXPORTS:-
TEA.
THE HONGKONG WEEKLY PRESS AND
As a comparison of prices ruling at the com- mencement of this season and at the close, we give the following:-
Gold Kiling... Best Steam Filatures
9/11
June Ex. at 1907. 4 m/s.
625 2/11/
1,130
Best Native Filatures 900
5
(June 22, 1908
Per P. & 0. str. Candia, sailed on 13th Jane, For Glasgow:-9 cases chinaware. For London: -50 bales waste silk, 50 balea hemp, 1,566 packages crackers, 90 cases bristles, 196 rolls May Ex. at matting, 150 packages tea, 9 cases woodware, 9 1908. 4 m/s.
cases china ink, 14 packages private effects and 6 empty gas flasks,
500
2/5
780
640
Steam Filatures.-The production was about cent. in excess of the previous season, per of which about 1,000 bales remain to be sold. HANKOW, June 3rd.-Business reported since Filature owners have not not been heavy losers the 27th ult., is as under :---
Settlements
事
1908.
1907. -Chests.
-Chesta 131,493 120,811
Consisting of the following Teas :-
1-Chests.
Ningchows.
Khemuns
1
Hohow
Wonchow
82
13
Oopacks
.22,239
per picul .30,018 at Tls. 19.00 at 70.00 .10,708
21.75 50.00 350
24.50 16,50 16.50 21.60
*
▸i
"
"
Oonams
17
*
17.50 25.50 20.50 28.00
11
16.50
>>
"1
Oofaas
Seang-tams
21
as nearly two-thirds of their production was contracted for before the reason commenced.
Yellow Silks. The crop was 10 per cent, more than last season, the excess being chiefly in Mienyangs and Minchews. Yellow Szechuens on the other hand have been very scarce.
Wild Silk.-The export to Europe has fallen off this season some 6,000 bales, other countries taking about the same quantity as last year. Prices have slowly declined and stand now at about Tis. 60 lower than at the commencement of the season. Nearly two thousand bales stock are being carried over.
Per F. & O. str. Delhi, sailed on 13th June, 1908: For Manchester:-269 bales waste silk. For Gibraltar: -2 cases silk. Lyons:-10 bales raw silk. For Marseilles:-45 bales raw silk, 13 cases birds' feathers, 1 case silk embroideries. For London:-208 bales waste silk, 2 cases birds' feathers, 2 cases silk, 3rd cases hats, 12 cases private effects. For Trieste:- 1 case birds" feathers.
HONGKONG SHARE QUOTATIONS.
HONGKONG, 19th June, 1908.-Our market has ruled very quiet during the past week, and apart from an advance in Banks in the early part of the period under review, fto some extent since lost) closes practically without feature,
New Crop.-The crop is expected to be 15/20
Ex per cent. less than last year although this is and with bat little business to report. 17.80
fully compensated for by the stocks left over. change in sympathy with an advance in Bar Altogether there should be fully 45,000 bales Silver to 25 d., has firmed up, and closes at White Silk available for export.
1/10 T.T. on London, and 74 T.T. on Shanghai,
.29,782 .28,641 9,683 The following are Statistics at date compared with the corresponding statement of last season, viz, 29th May, 1907:
Stock
1909.
1907.
HANKOW TEA
-Chests.
-Chests.
Settlements
...259,896
52,061
270,107 54,953
Arrivals ...
.294,957
KIUKIANG TEA.
1908. -Chests.
325,060
1907. -Cheats. 104,108 ...122,815
36,640 67,297
...159,455
171,405
Settlements...
Stock
Arrivals
***
Comparative Quotations per picul are
under:-
1908.
1907.
20.00
11
28
71.00
Ningchow Tls. 19.00 at 100.00 Tls, 20.00 at 90.00 Khemuns Hohow Wenchow Oopack Oonam Oonfaa Seangtam
21.75
33
31
21 00
"
+1
91
67.00 24.50 19.50 21.00
13
}}
"
21
13
16.50 16.50 28.00 20.50 16.50
28.00
31
34
31
36.00
1
**
18.50
27.00 15.00
28.00 15.00 18.00 36.00 13.75 17.50
11
11
>>
}}
KOBE, June 2nd- A small daily business bas been transacted during the past two weeks- prices being on about the same basis as last
season,
The supply of all grades is reported short. Settlements (to 31st) amount to pls. 11,000, or 6,000 less than at same date last year.
SILK.
Heffer's
SHANGHAI. From Messrs. F. C. Annual Report, dated Shanghai, June 4th:-
The season 1907-08 has been an extremely unsatisfactory one to all engaged in the industry, especially to foreign merchants who, on the whole, have been heavier losers than Chinese.
the
This season has witnessed a phenomenal decline in the values of Silk (see below actual figures). The large contracts entered into of new Silk dur- ing March and April of last year, caused tael prices to advance to the same high level as in 1902 when Steam Filatures were booked at Tls, 1,100 for No. 1; but whereas in 1902 Exchange was 2/2, last year it was 3/2. The volume of business previous to the advent of the New Crop encouraged native merchants to bay heavily and to pay high prices in the interior; consumers, however, Anding themselves confronted with larger crops in all the producing centres, and being stocked up to September with high priced Silk, withdrew from the Market.
Throughout the remainder of 1907 very little business was done, Japanese prices being com- paratively cheaper, and it was not until April that the market revived, when the Chinese, assisted by a decline in Exchange of nearly 20 per cent, came down to the Home ideas and were The season able to dispose of 4/5,000 bales. closes with a stock of White Filk here and in the interior of nearly 14,000 picula, or 30 per cent of the season's production.
Exchange remained in the neighbourhood of 8/2 until the middle of October when a decline set in and in April 2/4‡ was reached; since then a slight advance has again occurred,
CAMPHOR.
BANKS. An advance of 30/- per share in the early part of the week sent Hongkong
HONGKONG, June 22nd.-The price of Formosan and Shanghais up to $760, at which rate a fair now ruling is from $91.00 to $92.50.
COTTON.
HANKOW. The export of raw cotton from Han- kow has been immensely botter this year than last. Since 1st October, to 23rd May, the export has been 187,092 piculs and the year has a week to run. Last year the export did not amount to more than 89,609 piculs.
COPPER.
business was done: at the close however a sale at $755 is reported, and it is probable that more shares could be obtained at that rate. The Nationals are London quotation is £78. 10. 0. still enquired for at $51.
MARINE INSURANCES.— -Unions are slightly easier with sellers at $790. There are sellers of North Chinas at Tls. 78, Yangtazes at $147}, and Cantons at $235 China Traders continue in request at $861.
FIRM INSURANCES.-Hongkongs have sold, and are still in request at $8315, Chinas have been booked at $93, and more shares can be
KOBE, June 2nd-Considerable business was done in the beginning and middle of May, amount-placed. ing to about 3,000 tons. During the last week a somewhat weaker tendency prevailed in the London market and exercised its influence here. No further transactions of importance have taken place in consequence.
YARN.
KOBE, June 2nd-More doing for export, estimated at between 6,000 and 10,000 bales during the past fortnight; prices on the exchange and in the open market are firmer with a higher tendency.
VEGETABLE WAX
KOBE, June 2nd-Owing to reported buying of native speculators in Osaka, Refiners have advanced their prices to yen 2500 per picul, which precludes any chance of buying for export, buyers' ideas being about yen 2100 per picul:
MATTING AND STRAW BRAID,
KOBE, June 2nd-Matting Stocks have been changing hands freely at lower figures, but during the past two days there has been a firmer tendency. Prices for contract patterns continues firm, Prices of Straw Braid were vell maintained during the past fortnight, the market closing firm with upward tendency. Chip Braid Practically no change to report.
GENERAL EXPORTS.
HANKOW. The Customs returns show that since 1st October, 1907, to the 23rd ultimo, the
exports from Hankow have been
Cowhides
Buffalo Hides Coatskins Untanned... Animal Tallow... Vegetable Tallow
Nutgalls Bristles
:.
71,310 piculs. 19,760
1,742,023 pieces. 7,497 picula, 125,482 28.194
52
11
Sesamun Seed Wood Oil
4,986 1,495,119 307,725
"
J
China Grass (including Abutilon
and Jute) Cotton (raw)
119,162
"
187,092
15
SHIPPING.-Hongkong, Canton and Macaos have ruled steady with sales at $29 and $291, and close with buyers at the former, and Indo-Chinas are sellers at the latter rate. precurable at $40 and $22 for the preferred and deferred combined. A telegram to the General Managers informs shareholders that the annual General Meeting will be held in London on the It is proposed to pay a dividend of 25th June. off £6,580 for depreciation of the vessels of the 6 per cent. on the preference shares only, to write feet, and to carry forward the balance of £13,750. The reserve fund will then stand at £10,000, and the underwriting account at £240,000. Chins and Manilas continue on offer
at $15, and Star Ferries at $25 and $15 for the old and new issues respectively, Shell Trans- ports have been booked at 468. and Douglases at $37, 836 and $36, the latier closing with buyers at $35.
REFINERIES.-China Sugars have sold and are procurable to a limited extent at $132). Luzons are probably obtainable at $22.
MINING. Raubs after sales at $8 and $7}, Charbon- are now on offer at the latter rate. mages are still in request at 8570, but no shares appear to be available at the rate.
DOCKS, WHARYES AND GODOWNS.-Hong- kong and Whampoa Docks have been booked at $107, $106, 8105 and $104, closing with pro- bable sellers at the latter rate. Hongkong and Kowloon Wharves are again slightly easier with sellers at $51 after sales at $52 and $514. Shanghai Docks have suddenly declined to Tls, 80 at which rate there are sellers in Shanghai. This Company, according to private telegraphic advices, will pay a final dividend of Tls. 24 per share, making Tls. 5 for the year, and it is no doubt due to a disappointment in this connee- tion that the market in the north has so sudden- ly dropped. Shanghai and Hongkow Wharves are again firmer in the Northern market at Tls. 238 buyers.
LANDS, HOTELS AND BUILDINGS —Hong- kong Lands continue on offer at $99, and West Points at $48 Kowloon Lands have been booked at $26, and it is probable that more shares
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