160
OPIUM.
THE HONGKONG WEEKLY PRESS AND
market generally. Further business has been done here both from first and second hand holder,s Foochow, 14th August, 1908, business during and at fairly steady to firm prices, for that mar-
the week is summarised as under:—
Stock on 6th August, 1908
Malwa chests
Patra chests
42 .19
Benares chests
7
Persian chests..
Total
.55 123
Imported during the week
Malwa chests
.15
Patna chests
7
Benares chests
2
Persian chests...
.37
Total
--61
Sales during the week
Malwa chest
Patna chests
.27 11
Benares chests
5
Persian chests
Total
33 -76
Estimated Stocks
Malwa chests
Patna chests
.30 15
Benres cheste Persian chests
4
.59 108
Total Quotations
Malwa chests, new $950 a $1,000, old $1,030 a 1,040 Patna chests, piculs $1.20, new $1,085 a 1,000 Benares chests, piculs $1.20, new $1,050 Persian chests, $860 a $915, paper.
YARN.
FoоcHow, 14th August 1908.—During the week there were imported 108 piculs Indian, and 18 piculs native as compared with 715 piculs Indian and 46 piculs native for the corresponding week last year.
PIECE GOODS.
in
Messrs. Noel, Murray & Co.'s Report on the Shanghai Piece Goods Trade, dated Shanghai 21st August, 1908, states:-There is very little to say regarding cur market this week, it has con- tinued extremely quiet, and if anyone has done anything from first hands he is particularly anxious to keep it to himself. The fact is no one is proud of the prices that have to be accepted if he is forced to sell and would rather not have them quoted, and the buyer is not going to give it way if he has managed to book anything desirably cheap. From this it may inferred that we imagine there is something doing all the time, although it may only be quite a retail way. Holders are not going to stick to their cargo with the ominous prospects there are ahead, of not only lower original cost but higher Exchange. It is pretty generally considered that prices out here have about reached the limit, enhanced as they are by the wretched muddle that has been made over the currency question. There is absolutely no sys em, and the authorities of each and every Province, and there are eighteen of them, seem to be allowed to act on their own, quite independently of one another, as best suits their own particular book. Such a thing cannot possibly go on for ever, and unless a halt is called pretty soon now, and some drastic measures taken to rectify the harm that has already been done, there is no saying what the result will be to the country at large, but more especially to Foreign traders here, who have been relying on their Governments seeing their Treaties properly carried out, instead of allowing them to be treated with procrastination, if not complete evasion. It is not good enough to class the trade depression of China with that which is noticeable, as it happens at the present time, all over the world, for it might easily be argued that she is responsible for a large share of it all. With the proper development of her country, which it was not unreasonable to expect would have taken place before this, she would bare been able to take and consume a vastly larger quantity of goods the world was prepared to supply her with, and at the same time, with adequate or ganisation, which she persistently refuses to adopt, have reaped the benefit of the immense stores of wealth that are hidden beneath the surface of her half barren Empire. During the interval the weather has been more favourable for the crops, a necessary quantity of rain having fallen, and the heat less intense, Shanghai has narrowly missed a typhoon, however, that struck inland a little south, fortunately, but it is feared considerable harm may have been done in its wake, news of which is not yet to hand. Clearances have im- proved, and as far as they go importers, as a whole, are quite pleased. The latest reports from Newchwang make some improvement in the exchange on this and a better feeling in the
ket, chiefly of course in American makeś. Tientsin! is not doing much with this, and we do not think her spasmodic efforts to treat direct are meeting with much succe 88, Re-exports from this are fairly good. The trade with the river is not very brisk just now, attention being paid at the moment more to agricultural pursuits than to commerce, and the off-take is poor. Ningpo is in much the same position, but it is to be hopes that the recent typhoon has not done anything to damage her crops, which, as we have already mentioned, are in a particularly favour- able condition. The Manchester market is easier, but with the present all round state of uncer- tainty there is no disposition to start in buying yet awhile for the Spring. In most things there is fully sufficient bere, and on the way, to meet all the requirements of the trade for the rest of the season, so the longer buying is put off the better. As the end of the season approaches "spot" cotton in Liverpool is rapidly coming down, to-day's price for Mid-American being 5.78d. against 5.97, according to yosterday's telegram, when August "futures" were quoted 5.85d. The spot" price for Egyptian remains the same, namely 711ths. News from New York is very sparce, but from the replies received to one or two test telegrams the market seems to be very steady and manufacturers showing little disposition to push business. It may be tho facilities for doing business have been some- what curtailed. The latest New York cotton quotations are 0.32 cents for October and 9.04 cents for December option, which shows a slight recovery from last week, and 9.42 cents, received this morning, for September is twelve points up. The recent arrivals of Indan yarn under indents has enabled the dealers to supply the wants of the trade to a great extent, and at prices under which importers are willing to sell their own cargo, consequently the turn over for the week is prob- ably greater than we report. The weather is perfect for the growing cotton which should be in full blossom in a day or two now. The pros- pects in this neighbourhood still continue very favourable. The bulk of the current business continues to be conducted at the regular weekly auctions, supplemented by two or three others of a more or less heterogeneous nature, but all adding to the quantity thrust on the attentions of the trade, and taken all t gether making quite a fair amount. This of course obviates the necessity of calling on private sellers to a great extent, and nonopolizes the bulk of the available cash. Taken on the whole grey shirt- ings have not fully maintained their ralues of last week, in spite of the lower exchange. Here and there a chop of 12 tbs. 36 in. stood out as exceptions in this morning's sale. For white shirtings the feeling was generally a little better, but Irishes were slightly easier. T. cloths were inclined to droop, but Jeans were fairly steady. Turkey reds continue to improve under the influence of the reduced quantities, and the better statistical position, which should soon compel more adequate prices being paid. The fast black cotton Italians this morning, which is really the only anction to judge by, shewed rather a lower tendency for the majority of the cloths, but the Venetians were slightly firmer on the whole. The private market has been almost at a standstill, at least so far as we can learn, and subject to the remarks we have made abore. We have heard of a sale of 8.4-lbs.
Shirtings at Tls. 3.12 for wheelbarrow chop and 10-b3. 8 girl and boat chop at Tls. 3.6%. A sale is also reported of some 4.50 yard Ameri can shirtings at T 3.50 under a private chop. Re-sales of 4.70 yard are published at the sama price, 5 yard at Tls. 3.40 and 4 yard at Tls. 3.65. In the heavier clothe further sales have been made of American drills at Tls 4.75 for Cameron. Tls. 4.80 for pacolet and Tls. 4.00 for pepperell, all nett we presume. confined to resales on about the previous basis. In sheetings business is
Whitney Tle. 4.40 and 3.25 yard Tis. 4.00 to Tis. 4.05. Woollens.-Have kept steady to firm in camlets being the exception. on the whole for all kinds, one or two colours
EXPORTS:
TEA.
Foocnow, 14th August, 1906.—During the week the following settlements have taken place: Congous, 1,830 half chests; Souchongs, 8,740 half chests; Oolongs, 407 half chests scoated teas 350 boxes; and Flowery Pekoes, 48 chests. This season's stocks comprise 64,760 balf chesta Congou, 15,460 half chests Bouchong, 16,398 half chesta Oolong, 589 boxes scented teas, and 366 chests Pekos.
[Angust 31, 1908
HANKOW, Aug. 19th.—Business reported since the 18th inst., is as under:
Settlements Consisting of the following Teas :~-
-Chests,
Oopacks
Oonams
Oofaas
Ichang,
1908. -Chests.
5,468
1907.
-Chests
1,598
per picul
"
2,127 1,677
11
**
13.50 17.50
43
"
12.25 13.75
854
22.00
1,310 at Tis. 11.50 12.75
The following are Statistics at date compared with the corresponding statement of last season, viz, 21st August, 1007:
HANKOW TEA
1908.
-Chests.
1907. -Chests,
Settlements
...528,649
478,209
Shipments to Shanghai
on Native account... 41,000
4,900
Stock
62,100
23,093
Arrivals ...
...621,667
504,201
1908.
1007.
KIOKIANG TEA.
-Chests.
Settlements...
..179,120
-Chests. 181.120
Shipments to Shanghai
on Native account... 15,835 Stock
6,757
Arrivals
•†
15,579
201,212 196,690
Comparative Quotations per picul are 88 under:-
1908.
1907. Ningchows Tls. 15.50 at 100.00 Tls. 18.60 at 100.00 Khemuns.. 21.00 67.00
18.50 74.00 Hohows
19.00 Kutoans...
22.50 Wenchows 19.50 Oopacks... Oonams Oonfans
|
27
17
"
24.50 21
22
27,0) 21.00
21.50 25.50
*
J
-
"
11.50 9.25
26.00 28.00
T
12.50 27.00
11.75 28.00
21
71
11
12.50 35.75
17.30
12
11
+
JI
11,40
12.00 36.00 Seangtams 9.00 18.50 Ichangs...s 22.00 65.00
25.00 63,00 The export to 1st instant, as per Customs Returns stands thus:
Hankow. Kiukiang. Season 1908-1909...lbs. 12,397,207...lbs. 4,433,836 1907-1908... 11,476,141... 5,870,255 1906-1907... 14,704,516... 5,435,024
11
Via Shanghai,
"
*
}
1908/9
lbs.
1007/8 1006/7
lbs. lbs.
To Great Britain......2,173,487 2,384,167 2,896,769
11
U. 8. & Canada ...5,555,740 3,645,051 2,067,660 Continent .2,590,803 2,211,832 1,841,873 Russia via North.. 105,443 9,511 154,677 Russia in Europe. 564,099 5,318,088 8,280,723 Shanghai... .5,494,417 1,955,745 4,799,960
Direct, 1908,
C. S.
Gr. Britain
Continent
472,576 lbs. .3,793,660 367,332
T
21
Russia in Europe...5,433,182 Russia in Asia "...21,230,365
CAMPHOR OIL
Foocuow, 18th August-No fresh business is reported.
CAMPHOR.
BONGKONG, 31st August:-There is no market. Quotations are $85.00 to $88.00.
FooсHow, 18th August. 1908:-There has been exported during the week 275 pionls, bringing the total since 1st June up to 988 piculs, a compared with 4,187 picula for the same period
in 1907.
JAPANESE MARKETS.
fortnight owing to the condition of the new KOBE, August 18th, 1909.-Ciotton-American -Prices have declined heavily during the past crop being reported fair, Middling October shipment is quoted at Y32.25, but spinners are hesitating to purchase anticipating a large crop and further decline. In consequence no Business of importance has been done. "Spot" is nominal at Y30.00 for "Milling." Indian :- Very little business has been done as yet in new crop, it being somewhat early for this cotton. "Spot" remains dull and quiet, due to milla being well supplied apart from which shipments of contracted cotton are now arriving. Closing prices are:-Broach Y28.00; Akola Khamquam Y23.00; Bengal Y22.75. Chinese : -There is nothing of importance to report. "Best" is quoted at 125,75, "Common" at Y23,50, Shirtings-No change, Cotton
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