1
140
and almost all counts have been dealt in, but No. 10% and 20s have, as usual, attracted most atten- tion and comprise nearly three-fourths of the total settlements. For the last few days business is at a complete standstill, but the market gen. erally may be said to close firm with a tendency to higher prices. Bombay is reported strong. Sales of the fortnight aggregate 3,407 bales, arrivals amount to 8,601 bales, unsold stock estimated at 14,000 and sold but uncleared bales in second hands at 31,000 bales. Local Manufacture:-No business is reported. Jap- anese Yaru There is no change in the con- tinued quietness of these threads. Raw Cotton: -Very little demand has been experienced and receipts are very small. There is no stock of China Cotton on the market, and out of 135 bales of superfine Bengals on offer only 85 bales have changed hands at $24), prices showing a decline of 50 cents per picul. Quotations are $21 to $24 Indian and $23 to $254. Chinese. Exchange on India has steadily declined since last mail and closes weak to-day at Ra, 133 for T/T and Re. 1884 for Post. Oa Shanghai 75 and on Japan 861. The undernoted business in imported and local spinnings is reported from Shanghai during the week ended the 8th instant, viz-Indian-Business effected has been very small owing to the firmness of holders consequent on decreasing stocks and the recent trable with the millhands in Bombay. Total sales about 1,250 bales at hardening prices, with an estimated stock of 82,000 bales. Jap- anese-Holders firm and holding out for higher prices, Market strong, stocks small. Total sales about 1,000 bales on the basis of Tls, 904 to 97 for No. 168 and Tls, 101 to 1041 for No. 20, Local-In good enquiry, but supplies from first hands are not available.
PIECE GOODS.
Messrs. Noel, Murray & Co.'s Piece Goods Report, dated, Shanghai, 14th August, states:- We have had a dragging, almost lifeless market during the interval, with absolutely nothing to enliven it in any shape or way. Exchange has been a disappointment to remitters, and, in spite of the alleged cheaper and more extensive pro- duction of gold, silver continues to depreciate. At the close, too, comes the news that the bottom has fallen out of the "spot" cotton market and There is no prices have come down with a run. special advice as to the cause of this sudden move- ment, which was bound to come sooner or later, the spot price in Liverpool having been for some time past altogether out of parity with the quotations for "futures." The effect on this market must be to postpone orders for the Spring until much later in the season, when it will be more possible to tell what the actual out turn of the cotton crop in the States will be, as upon that chiefly must depend the future course of the Manchester market. Meanwhile a hand to mouth business is being done here, and goods in the hands of the solvent dealers are being worked off gradnally, but, alas, that is only a small pro- portion compared to what importers have in their books against natives who signed contracta, in many cases under fictitious names, and now can- not be found! There is some slight indication that the general situation in the country is im- proving. The crops all round promise to be quite satisfactory, and in some cases are likely to make á record, especially is that so with Rice in the Ningpo district, if only it is harvested when ripe, and not allowed to stand and rot, as is so often the Case, waiting for a propitious day to begin the harvest, quite irrespective of the condition of the стор. It is time superstitions nonsense abolished, if it is the ambition of the powers that be in this country to come into line with their neighbours and the rest of the civilised world. Early pickings of Cotton are expected to arrive here by the end of this month from the Ningpo district. The Yangtze is subsiding and much of the disaster that was feared has been averted; however, it is too early yet to be sure, as last year the Country was flooded much later than this, but fortunately not until all the crops had been harvested. Hankow is showing more dis- position to buy, a fair quantity of light weight American Drills having been secured during the interval from second hand holders for that market. Tientsin is also said to be showing more dis- position to treat for goods, and the Newchwang dealers are once more in evidence, encouraged by the improvement in exchange on this, al- though it is still 24% discount. However, they have started in buying American goods, upwards of 1,500 bales we understand already having been settled. We are not through the summer yet. and that possibly accounts for a great deal of the apathy shown with regard to other markets.
Was
|
THE HONGKONG WEEKLY PRESS AND
**
TEA.
[August 29,1008
}
HANKOW, Aug. | 6th.—Business reported sings the 30th ult, is as under:
Settlements
Shipments to Shanghai
1908.
1907. -Chesta. 1-Chests
11,142
on Native account 85,000 Consisting of the following Teas :-
There is not much news so far as we can make | EXPORTS:— out concerning the Manchester market, and no one here would care to place orders with such a wide margin existing between the "spɔt ” and “future prices of Cotton. Manufacturers in fact, as we understand it, are not at all anxious to book forward orders at present. The Liverpool market for American "spot" cotton, after showing con- siderable firmness during the interval, suddenly collapsed, Middling being quoted yesterday six pence, while "futures" were 5,67d. for this month, but 4.98d. for November to December. Egyptian remains unchanged at 7||d. The New York | quotations received yesterday were 9.24 cents for October and 8.98 cents for December "option," September coming to-day 9,80 cent. The market there for domestics appears to be unchanged, Manufacturers not trying to force business. fairly active enquiry continues for Indian Yarn, which native holders seem inclined to meet on more favourable terms than importers from their own stock, the recent further decline in exchange causing them to be more reserved. The decline in Osaka is having a weaker effect here, al- though counteracted by the drop in exchange. Local Spinnings are fairly steady and some of the Mills have made advantageous purchases of new Seed Cotton for forward delivery.
HONGKONG PRICES CURRENT.
HONGKONG, 22nd August, 1908.
COTTON PIECE Goods- Grey Shirtings-6lbs.
A
8,842
per picul
-Chests. Nirigchows..... 810 at Tls. 16.25 at Oopacks.................... 289
#2
12.00 »
Qonams ............................. 4,818
18.00
10.25
"
Oofaas
3,871
16,00
13.75
10.25 10.00
n
80.50
-
Beangtams...
...་་་་་ 768 Ichangs.
988
The following are Statistics at date compared with the corresponding statement of last season,
viz, 31st July, 1907: - 1908.
HANKOW TEA
Settlements
Shipments to Shanghai
on Native account... 30,000
1-Chests. ...515,602
1907, -Chests, 461,588
Stock
61,482
22,541
Arrivals ...
...607,084
434,127
1908.
1907.
KIUKIANO Tra.
-Chests. J-Chests.
Settlements...
...178,530
181,120
17,682 15,579
...201,212 196,699
Shipments to Shanghai
on Native account ... 5,000
piede $1.25 to $1.80
7 lbs.
+1
2.35 to 2,55
Stock
8.4 lbs. ......
10 lbs.
3.00 to 4.20
"
Arrivals
4.40 to 5.50
2.75 to 4.50
4.50 to 6.00
11
1
6.00 to 8.50
J
White Shirtings-54/56 reed
58/60 64/66 Fine.. Book-folds
Victoria Lawns-12 yards T-Cloths-6 lbs. (32 in.) Ord'y
7 lbs.
"
ور
6 lbs. Mexicans,
7 lbs.
F
"
8 to 8.4 oz., (36 in.)
Drills, English--40 yds., 184
FANCY COTTONS—
FF to 14 lbs.
Turkey Red Shirtings-14 to 6 lbs. piece
yard
Brocades-Dyed
Chinese-Assorted
Velvets-Black, 22 in.,
Velveteens-18 in........
Comparative Quotations per picul are under:-
1908.
1907.
28
8.00 to 9.25 Ningchows Tls. 15.50 at 100.00 Tls, 16.60 at 100.00
5.50 to 6.00 6.04 to 1.80 2.00 to 2.80 2.30 to 3.19
Khemuns..
21.00 .. 67.00
19.00 24.50
"
22.50 „ Wanchows 19.50 21.00
و"
18.50 " 74.00
Hohows
接掌
31
»
Kutoans...
27,00
"
11
21,50 25.50
J
"
"
12
12.75 to 8.90 8.00 to 4.25
Oopacks!... Oonams Oonfaas
13
J
22
"
23
11.95 26.00 9.25 28.00 12.75 86.00
12.50
"
27.00
11.75
28.00
"
19
13
18.00 85.75
9.50
18.50
"
19
ม
11.75 17.80
27.00
65.00
25.00 69,00
22
J
4.75 to 5.50 Seangtams
Ichangs...8..
The export to Ist instant, as per Customs Returns stands thus:
Hankow. Kiukiang.
$1.85 to $4.50 0.10 to 0.15 0.30 0.08 to
0.55 0.27 to 0.28 to 0.27} 2.00
"
11
Handkerchiefs-Imitation Silk doz. 0,45 to
WOOLLENS-
Spanish Stripes-Sundry chops
German, Habit, Medium & Broad Cloths Long Ella-Scarlet, 7-9 lbs. piece
Assorted.
Season 1908-1909...lbs.10,899,897...Ibe. 4,817,286 1907-1908... 8,187,707..... 6,128,649 1906-1907... 11,666,617... 5,167,803
19
12
1908/9 1907/8 1906/7
Ibs. lba.
lbs.
Via Shanghai,
To Great Britain......2,061,905 2,047,081 2,884,748 U. 8. & Canada ...5,169,980 8,587,279 2,057,807 Continent ........2,558,169 2,011,680 1,753,720 Russia via North.. 81,757 8,820 28,949 Russia in Europe, 564,099 3,218,511 6,442,237 Shanghai... .4,014,664 1,278,688 8,525,888
F1
.yard $0.55 to $2.00 0.45 to 0.70 7.75 to
1.50 to 8.50 9.50 7.85 to 9.00
33
11
19.50 to 30.00
"
"
14.00 to 19.50
31
9.50 to 11.00 lbe. 0.80 to 1.80
Camlets-Assorted Lastings-30 yds. 31 inches ?
Assorted
Orleans-Plain.... Blankets-8 to 12
RAW COTTON-
Bombay
ارو
..picul $20.00 to $21.00
Bengal (New), Rangoon
and Dacca.... Shanghai and Japanese... Tungchow and Ningpo
METALS-
Iron-Nail Rod..
24.50 to 25.00
21
26.00 to 27,00
33
26.00 to 27,00
..pical $ 4.15
Square, Flat, Round Bar (Eng.)... Swedish Bar
Small Round Rod Hoop, to 11/2 in., Wire, 16/25 oz., Old Wire Rope...
Lead-L. B. & Co. and Hole Chop
Australian
部
4.10
12
4.20
4.50
+1
5.60
▸
9.60
11
8.00
21
Direct, 1908,
U, S.
Gr. Britain
Continent
472,576 lbs. .:8,798,659 „
867,382 19
30
J
Russia in Europe...5,438,182
Russia in Asia ...18,398,819
CAMPHOR.
HONGKONG, 22nd August.-There is no market and the price is further declining. Quotations are $48.00 to $85.00,
MISCELLANEOUS EXPORTE
Messrs. Arnhold, Karberg & Co.'s Fortnightly 8.80 Produce Circular, dated Shanghai, 10th_Angust, 38.00 | 1908, states ----Cowhides-Season closed. Feathers, 38.00 —A small business is being done, prices are firm. 38.00 Cotton.-Business is almost confined to forward
Yellow Metal-Muntz 14/28 oz.
Vivian's, 16/32 oz., Elliots, 16/28 oz
*
"
"
87.00
J
box
Tin, Tin-Plates, Steel
MISCELLANEOUS -
Quicksilver, Window Glass, Kerosene Oil, Saltpetre, No. 1
Do. No. 2
...owt. case
contracts by Cotton Mills, there are no spot stocks. 8.20 | Tallow-Market quiet. Strawbraid.-Demand is still for Mottled Laichow, White Loyeh and Kwangchow, prices of which are much higher. picul 158.00 to 157.00 Shingkee White in very fine widths has been sold,
No movement in other kinds. Wool.-Sheepe. - There is rather more business doing, and prices have probably touched lowest points. Wood Oil. -A few new enquiries. Market steady, Antimony,
–Rather more active; prices steady,
bor
case
4.25
..picul $11.00 to 11.80 10.70 to 10.80 9.60 to 10.10
19
Do. No. 8
#
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