14
large quantity of cotton flannels has been con- tracted for altogether this year, which will prevent any question of scarcity arising, in the early part of the season at any rate. In yarn a moderate business has been done, but there is no disposition to follow up the higher prices asked by India; local yarn is going well into consumption, but the upward tendency of prices has been checked. The better feeling in the market is not very pronounced in the case of faucy goods, many of which are being realized at very poor prices; written advices from Manchester report that free purchases of muslius have been made for this market, although statistically these goods are in anything but a strong position. On the whole clearances of goods generally are fairly satisfactory; the Chinese consumer has been for- tunate in getting supplies on very advantageous terms for so long that he does not believe much in an advance of importance being established; but every cheap parcel taken off the market tenda to improve the situation, and though recovery may be a slow and lingering process, there are signs here and there of brighter prospects.
|
Messrs. Noel, Murray & Co.'s report states:- The market continued to be fairly active at the commencement of the interval, but as sterling Exchange also pursued the upward course it caused buyers to pause in their enquiries, and when 23. 6d. was reach business came to a comp- lete standstill. Some holders took advantage of the opportunity, in the meanwhile, to sell what they could, but in view of the high replacing cost a good many decline to accept current rates for the staple makes. Lines of recently arrived Manchester goods have been eagerly snapped up for immediate clearance in some quarters and. being free from interest and other carrying charges, were no doubt obtainable on easier terms than goods that have been lying here for some- time. It is, therefore, somewhat difficult to obtain a consistent level on which to work, and this must continue to be the case for some considerable time ́yet, and is bound to militate against the goods that have been held in stock, and thus become very much enhanced in cost. There is undoubted- ly a thoroughly good all round healthy demand, and clearances for the most part are excellent. Considering we are now well into the usually slack season of the year, the more hopeful spirit with which the trade seems to be imbued is fully justified, and that, at all events with a good proportion of the trade, indicates the turning point has been reached and a more hopeful pros- pect is opening up.
Goods in Native har de are rapidly becoming deplete, and it is noticeable that the dealers are in more active evidence look- ing out for what importers may have to dispose of from stock. The home markets do not look sufficiently encouraging to induce fresh buying and
very little is being countenanced, although there are not wanting enterprising men who are willing to put indents into the book, provided the importer will do so without insisting on adequate margin being put up, which usually has the effect of putting an end to the negotiations. It is a curious fact that most of the Foreign Hongs are receiving visits from new men represent- ing Piece Goods Hongs they have not dealt with before. Is it possible they are seeking pastures new after having got into bad odour with the Hongs they have done business with previously? It looks suspiciously like it, and it behoves im- porters to gang warily! The general advices from the country appear to be better, which is borne out in the improvement in the clearances of goods. The threatened distress in the North owing to the long drought seems to have been averted to great extent, as some of the crops will be saved, and the transport of goods will be facilitated through the increase of water in the creeks. Al- ready the Tientsin trade has brightened up a bit; but there is still lots of room for improvement. The home markets are keeping very firm in sympathy with Cotton, for which, after some in- termediate fluctuations, the Liverpool quotation for Mid American came this morning 6.54d. terday the "spot" price came 6.48d. and "futures“ 5.9ld. A slight decline has to be noted for Egyptian, the spot price received this morning being 714d. New York is very firm, but never- theless some fresh buying has been done for the China market in the lighter cloths, some, it is said, for direct shipment to Tientsin, though financed through Shanghai. A big slump is advised in Cotton, the quotations, for October and December option being 9.26 and 9.14 cents re- spectively, while for September it is 9.74 cents. That business has been done during the interval followed very much the Enes of the previous in Manchester goods, and privately prices
an
a
Yes-
THE HONGKONG WEEKLY PRESS AND
have been well maintained, but at the auctions the tendency at the close was rather weaker, not- withstanding the reaction in Exchange to-day. Cotton Yarn is firm, English 2-fold 328. selling at T158.00. There is a slight lull in the demand for Indian Spinnings from stock, but prices are fully firm. The supply of Native raw Cotton is rapidly becoming exhausted, very full prices being asked for the small quantity in stock.
EXPORTS:-
TEA.
SILK
M
[July 6, 1909
YOKOHAMA, June 15th.-From the Raw and Waste Silk Report published by the Association of Foreign Raw and Waste Silk Merchants of Yokohama:—
Raw Silk-Owing to lack of Silks suitable for export, only a limited business has been done during the past fortnight. Enquiries from abroad for forward contracts have been received, but the Japanese are anything but anxious to dispose of forwards at present rates. Some damage to the new crop is reported, but same is, nevertheless, expected to be largo and of good quality. Settle- ments from May 25th to June 8th both dates included were Filatures 4,240 piculs; Re-reela
HANKOW, June 24th-Business reported since 272 piculs; Kakedas 40 pacula; Total 4,555
the 4th inst, is as under
Settlements
1908. -Cheats. 24,392
1907. -Chests 23,839
per picul
Consisting of the following Teas
-Chests.
Ningchows......... 6,182 at Tls. 15.50 at 30.00
Khemuns
Oopacks
Oonams
Oofaas Seang-tams Ichang
"
79 400
6,703 9,848 2,323 54
*5
33
21
11
11
**
31.00 15.25 14.00 19.50 15.10 20.00 13.60 15.00 38.00
++
The following are Statistics at date compared with the corresponding statement of last season, viz, 19th June, 1907:
1908.
1907. -Chests. 363,350 14,138
377,497
HANKOW Tea Settlements Stock
-Chests.
.414,754
12,607
Arrivals
..427,361
1908. -Chests.
1907.
-Chests.
...166,959
168,388
19,489
16,841
...186.448 185,199
KIUKIANG TEA. Settlements...
Stock
Arrivals
*
Comparative Quotations per picul are under:-
1908.
1907.
дв
21.00 67.00
J7
#
32
18.50 71.00
19.00
24.50
32
32
31
37
25.50 19.50 13.50
27,00 21.00
77
21.50 25.50
"
S
"}
12.90 27.00
11
Ningchow Tls. 15.50 at 100.00 T. 19.00 at100.00 Khemuns Hohow Kutoans.. Wenchow Oopack
26.00 Oonam
13.60 28.00 Oonfas
15.10 36.00 Seangtam 14.00 18.50 Ichangs... 88.00 65.00
1
73
21
33
11
}
وو
"
"}
"2
12.00 28.00 17.40 35.75 12,30 17.30 29.00 63,00
Hankow Tea Kiukiang. Season 1908-1909...lbs. 4,451,545..lbs. 3,446,456 1907-1008... 5,145,261. 3,647,159 1906.1907... 3,273,468. 3,491,461
#1
"
11
+1
**
The export to 22nd June, as per Customs Returns stands thus :
1908/9 1907/8 1906/7
Via Shanghai,
To Great Britain
U. S. & Ganada Continent
11
11
}}
25
lbs. lbs. lbs. ...1,366,556 1,617,483 2,078,092 ...3,302,473 2,279,815 1,379,403 ..1,974,880 1,614,769 1,120,085
1,299 3,073
Russia via North.. Russia in Europe, Direct, 1908,
,,Shanghai..
U. S.
Gr. Britain
487,660 2,222,153 735,044 734,680 412,017 1,174,175
168,552 lbs. .2,384,969
13
Continent Russia in Europe...2,611,115 Russia in Asia. .7,705,461
282,617
A
13
piculs. The Total Settlements from 1st July, 1907, to 8th June, 1908 (including 47,584 bales shipments by Japanese firms) were 99,795 piculs, as compared 42,190 bales, with last season. The stock in Yokhama, on June 9th was 7,660 picula. Waste Silk. A fair business has been done since since last report considering the poor quality of the stock. Prices at the close are firm. Settlements from May 25th to June 8th, 1,900 picals. Total Settlements from July 1st to June 8th, 35,400 piculs, Stock on June 9th was estimated at 8,500 piculs.
Habutal. The first part of the month showed a gradual rise for Kaga qualities of all description. due to the general decrease in the output referred to in our previous report. There has been a better demand for America, but nothing of importance for Europe. Echizen quotations have advanced about three per cent, and even more in some instances. The demand from abroad has been of no importance. The Kawamata market has in general not advanced, but has, on the other hand, continued its downward course, and there is not likely to be any improvement until the new crop comes to the looms.
CAMPHOR.
HONGKONG, July 6th.-Prices are declining, the market being dull. Quotations are $85.00 to $88.00.
JAPAN MARKET INFORMATION.
YOKOHAMA, June 15тн. Cotton Yarns.-No new business reported, and quotations are unchanged, but a more cheerful tone pervades the market.
Cotton Piece Goods.-With a slight recovery in values demand is apparently reviving. Some small sales of Grey Shirtings from stock are reported.
Woollen and Woollen Mixtures. Beyond some improvement in the demand for Serges, the market remains dull and uninteresting.
Textiles Generally. – A gradual improvement is now looked for. Clearances are, however, still slow and stocks heavy.
Raw Cotton.—The market remain: lifeless. Rice-There is no change to report.
Metals. Although enquiries are apparently reviving, little or no business is passing. On the whole, there is a firmer tone developing in the local market.
Window Glass.-Some small business is reported. Kerosine Oil.- Arrivals and deliveries for the first half of June show Standard Oil Co.: Arrivals
nil; deliveries 200,000 cases, Rising Sun Petro- leum Co: Arrivals nil; deliveries 16,000 units.
Sugar. No business doing whatever.
Flour. The only arrivals since last report have been 5,000 sacks, and although offers are made from America at extremely low prices there are no buyers.
Wheat, Stocks are about the same as last re- ported, and Mills are not placing any orders for the present, being now overstocked, while prices remain the same.
MISCELLANEOUS EXPORTS
YOKOHAMA, June 15th :- There is no particular change in the market to report. Prices have
Per P. & O. steamer Arcadia, sailed on 27th
at the time of the last report. Stocks of first crop remained at the exceedingly high figure that ruled June, 1908. For Rotterdam:-291 cases tea. For Manchester:-95 bales waste silk. For Teas are fairly well exhausted throughout the Gibraltar-1 case silk and curios. For St. country, and second crop pickings are not expected
Chamona :----78 bales raw silk, For Lyons :-389 to be offered in any quantity before 25th instant. bale raw silk. For Milan:-10 bales raw silk. Total settlements at Yokohama from May 1st to
For London:-150 bales waste silk, 55 bales raw June 18th amount to 49,200 piculs against 56,800 silk, 3,877 packages tea, 8 cases silks, 74 chests piculs at the corresponding date last year, Persian opium, 1 case bird feathers, 10 pack. Quotatons:-Medium Y28 to 33, Good Medium ages hats and private effects. For Marseilles : Y83 to 40, Fine Y40 to 46, Finest 146 to 52, Choice-240 packages tea, 5 cases feathers, 150 balen none offering, Choicest none offering.
waste silk, 258 bales raw silk.
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