18
IMPORTS. :-
COMMERCIAL.
RICE.
HONGKONG, 4th January :-Large demands having
come forward, the prices are advancing
Quotations are -----
THE HONGKONG WEEKLY PRESS AND
Malwa Older
OPIUM.
HONGKONG, December 18th.
per picul
Quotations are:-
Malwa, New
Malwa Old
$1180 $1190- $1200
do.
do.
Malwa Very Old
..$1220
do.
Persian Fine Quality
.$850
do.
Persian Extra Fine'
$950
do.
29
Round, Good quality Long....
.$5.70 to $5.75 Patna New ............
$1120
Siam, Field mill cleaned, No. 2... 5.45
5.40 to 6.45 5.60 to to
Patna Old
.$1135
5,65
5.80
Benares New Benares Old
.$1057)
Garden,
White,
Fine Cargo
No. 1... 5.35 to 5.55 5.75 to 5.80 5.50 to 5,55
Saigon, Ordinary
SUGAR.
Kobe, 16th December.-Cabe.-Raw.-Java.— Market depressed, very little business doing. For- mosa.- New crop sugar expected to arrive shortly and buyers are holding back at present. Osaka Refined. The Trust Sales Offices held auctions on the 3rd and 18th instant. At the first sale, 13,800 bags were sold at a decline of from 18 to 50 cent on previous prices. At the second auction, 15,000 bags were sold at a further decline of 25 to 35 cent, and 3,500 bags Kobe sugar were sold at a decline of 50 to 67 cent.
Yokohama, 15th December:-There is no busi- ness doing in imported refined. Prices of Japan refined dropped sen 25 per picul at the last
auction.
JAPANESE MARKETS.
1
|
PIECE GOODS.
per chest.
do. do.. do:
cer-
Messrs. Noel, Murray & Co. in their latest Piece Goods Report, dated Shanghai 24th December state:-Re-Exports to Newchwang.- As compared with last year there is tainly a vast improvement in many articles. but in the heavier makes are plainly noticeable the inroads that have been made by the Japanese competition. It is some satisfaction, however, to see a palpable increase over the last two years. There certainly seem to be hopes for the Port yet, and the coming year may be looked for- ward to with some amonut of confidence. Returns of Stocks of Imports.-The form for the collection of these returns at the end of the object of making them more complete and also year will contain certain alterations, with the
more easy to follow. With the multitudinous assortment of goods that come to this market now it is obviously impossible to have a heading for each, so they must be classified as ne rly' as possible, and this the Committee appointed by the Chamber of Commerce have endeavoured to do and we venture to think the next returns will accordingly be more accurate and thorough, It is especially important at this time, wheu reorganisation, that the stock returns be as the trade should be undergoing a complete comprehensive and correct as possible, in order to judge the basis on which future business is to be done. It must not be forgotten that the value of the Returns is greatly enhanced by their early publication. The market during the interval has certainly been quieter, sales from first hands being few and far between. The prices offered for goods in stock are mostly quite inadequate and lead to little business; here and there buyers have, perchance, had urgent orders to secure certain goods for a special market and have accordingly had to pay up, but that is no criterion of the actual demand. For the Spring trade the dealers are endeavouring to pick up bargains, hut holders prefer, to take the risk of the market themselves, as the prices offered are fully 5% below the cost of goods Coming forward, Native holders are offering goods for cash or forward delivery at pr. portionate rates, thus 300 Cases White Shirtings have been resold to Tientsin merchants at Tls. 4,15 for
KOBE, 16th December.-Cotton.--American.— The crop estimate issued by the Home Bureau recently is given at 12,920,000 bales-this, com- bined with ginner's report showing an excess of over 2,500,000 bales on the corresponding period of l-st year, has caused prices to decline since our last report, closing with further weak tendency, Latest quotation for "forward " Middling being T. 29.50. No business of importance, however, has transpired. "Spot" is nominal al Y. 29,00. Indian. The prices have weakened in sympathy with the fall of American quotations, and the continued depressed state of the Yarn market prohibita operations to any great extent from Teing done in either "forward " or "spot." Business generally is dull at following rates: Broach Y. 25,00; Akola Y. 22,00; Beng 1 Y. 21.00. Chinese.-The demand in this direction has decreased this year owing to unsatisfactory results. in both "forward" and "spot are very sm‹11, Rates are "Best" Y, 23.75; "Common" Y. 21.50, Shirtings-Nothing doing, clearances very un- satisfactory. Cotton Goods and Fancies.-Market quieter. Worstedsnd Woollens.-New rders continue to be very scarce. There is still a con-
derable amount of old stocks stored in Kobe and prompt cash or Tls, 4.25 for optional delivery Osaka. Metals-Weak. Very few orders report-after China New Year. The business done has ed Bice-weak
>
YOKOHAMA, 15th Dec,.-Cotton Yarns.-No new busines is reported. Cotton Piece Goods. There. is little confidence in the market, and a general impression is prevalent that lower prices will be reached ere long. Woollen and Woollen Mixtures-Stocks are still heavy, and there is no change to report. A little new business is doing for the winter trade. Textiles Generally: -Asis usual at the close of the year, little or no business is doing and the position generally may be said to be of a stagnant nature. Raw Cotton. The market remais dull, as spinners are still looking for lower prices. Rice.-Still no change to report. etals,With no new business offering and present requirements satisfi- ed, the market is quiet. Window Glass.-The market here is at present high compared with home prices, and quite a little business. is passing. Kerosene Oil.- Arrivals and deliveries for the first half of December show: Standard Oil Co., Arrivals nil; deliveries, 12,700 cases. Rising Sun Petroleum Co.: Arrivals 50,000 units, deliveries, 3,500 units. Flour-Prices have hardened some- what on the imported article, due to high prices asked by American millere. The Japanese seem determined to push the output of their own mills, and imports of foreign made flour are very small, Wheat. Since last report there have been several contracts put through for Australian Wheat for - forward delivery, and a small lot of American Wheat, about 1,500 tons, is due to arrive this month per Fukui Maru, otherwise there is little or no enquiry.
chiefly been for Vladivostock, in the anticipation of it soon ceasing to be an open Port, so that the demand cannot be called altogether legitimate. There is some enquiry for 8.4lbs. Shirt ngs for Tsingtau we understand, which is being filled chiefly by second hand sales and Auction cargo Hankow and the River Ports are
remairing almost inactive as regards fresh orders. The Railways are not doing anything to speak of to foster the trade of the country on account of the heavy likin charges en route which are quite prohibitive, and should receive the urgent. attention of the Central Government without
[January 4, 1909.
seems to have a rooted idea that a big demand must soon developè in China for American goods. Fortunately Manufacturers do not appear to be working on that supposition, but are busily en- gaged for the home trade. The latest quotatinos received are:-epperell Drills 118.4d. and 3.25-hs. Drills 98. 3d. to 98. 7d. For Sheetings 108. Bd. for standard weight and 10s. 8d. for 3 yard is quoted, which should not entice any business for th's market: After some fluctuations during the interval Cotton comes to-day 8.75 cents for March, an advance of 15 cents on the week! Outward Shipments of American Do- mestics. From the monthly summary for Sept. of the Bureau of Statistics we gather the follow- ing figures:-Shipments to China during the month-1908, 7,582,100 yards=$398,796, 1907 1,859,085 yards $136,873. For the 9 months ending Sept. 1908. 66,015,065 yards-$2,828,930 and 1906, 251,740,517) yards-$15,416,152. Bus- iness in imported Yarns has been on the quiet side, but Local Spinnings have enjoyed good inning, fully 18,000 bales being booked for delivery during the next three months. Cotton is steady to firm and meets with ready sale. In the private market we cannot find much ellers must be very reticent over their sales. doing from first hande, if there is anything
We have heard of a small parcel of 12-lbs. Shirtings at Tls. 4.25, for which the best prev- ious offer was Tls. 4.10. pending at about that price. There is an enquiry for 8-4-lbs. Shirtings for Tsingtau but prices are not good enough to induce holder, to sell. Whatever is doing in Fancy Goods is merely on a retail scale, no more sensational sales en
Further sales are
block are reported, though we understand that some foreign firms of recent date are booking indents for Manchester good, not in large quantities it is true, but all the same on prev- ious lines, a style of business the older established houses are looking at askance after previous experiences. Some of the transactions. we hear of are very risky, if not ab olutely dangerous. In American goods we hear a small business has been done with second hand holders for Chefoo, some of the transaction compri-ing small parcels of Buck's Head Sheetings at Tls. 4.80, Abbeville Sheetings at Tls. 4.65, a 3.50 yard Cloth under. a private chop at Tls. 4.17) and 4 yard Buffalo L. L. at Tls. 4.00. Clearances have been fairly compared with recent movements. The 'Auctions, which are being gradually increased in size, have fairly well held their own, though showing a rather weaker tendeney at the close. They do not call for further comment.
EXPORTS :-
SILK.
market for raw silk has ruled very quiet and only` Yokohama, 15th Dec.:-Since the 4th inst, the
however kept steady, and at the close rather im- a small business has been done. Prices have,
portant transactions have taken placed in Sinshius activily during the past ten days, but there is no The waste silk market has displayed considerab'e change, in quotation s.
HABUTAI.-There has been a general decline in rates for Kaga since the commencement of the month, ranging from two to four per cent. This is doubtless due to a cessation in demand from all parts. There is not much change to chronicle in the Echiren market, though quotations for certain widths show a slight decline. Tie con- doubtless the cause of the even tendency of the tinued difficulty in obtaining desirable goods is
market.
Kawamata in all widths, there being no demand A fall in prices is also to be noted in
whatsoever for this Habutai.
CAMPHOR.
譬
HGNGKON', 4th January:-There has been no sale; price $83.50–$84,50.
MISCELLANEOUS EXPORTS.
further delay. It is satisfactory to learn that the Prince Regent is fast inspiring confidence in that direction, and the rdere has just issued to have a Budget prepared may serve to expose many abu es against which trade has to contend. The market in Manchester is difficult to follow s no two Importers here seem to have the same experience of it. Home say it is firm at prices fully 10% over those ruling here, others that they can obtain goods there at replacing cost; though we are inclined to think the latter must be in exceptional cases where makers had Per P. & O. str., Delta, sailed on 26th Dec, run into stock. However, we do not hear of much 1908. For Hamburg-4 cases birds feathers. fresh buying having been done., Cotton is keeping For Manchester:-250 bales waste silk.
For very steady to the surprise of many who do not Saint Etienne:-30 bales raw silk. For Milan : see how it can keep up in view of the heavy -29 bales raw silk. For Lyons:-105 bale raw prospective supply. The latest Liverpool quota-ilk, For Marseilles:-72 bales raw silk, 30 bales tins for Mid-American are 4.8 d. spot and 4.67d.junjum silk, 2 cases birds feathers. For London': · for February/March option, the former being down 2 points and the latter up 3 points since our last report. Egyptian is quoted 8d, a drop of one Eighth, New York is strong and
—50 Bales raw silk, 81 bales waste silk, 25 ca es fes, 20 cases persian opium, 6 cases silk, 14 cases private effects. Naples:-1 case silk piece goods, For Trieste:-1 case bird feathers. `
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