The-Hong-Kong-Weekly-Press-1909-02-20 — Page 18

154

HONGKONG, 19th February:--There is no change in the position of the market and the prices are the same as when last reported. Quotations

.$5.40 to 5.55 ..85.20 to $5.25 .$5.55 to 5.60

Aro :-

Saigon, Ordinary

Round, Good quality Long...

Siam, Field mill cleaned, No. 2.385.50 to

5.55

Garden,

No. 1...$5.20

to

5.25

DJ

要真

White,

13

Fine Cargo

$5.10 to $5.10

to

OPIUM.

5.15 5.15

HONGKONG, Feb. 18th-Since the 4th inst. the movements in the various Opium markets have been as follows:-

Malwa Patna, Benares, Persian Btocks on the 4th Feb., 1909–3722) 2,915 1,059 1,160 Feb. 4th Imports per Brifunuia

25

*

6th

Inaba Maru

49

+1

$1

6th

11

F9

11

Fungme

45

8th

11

+

11

10th 16th

11

#1

Laitang

Iya Maru

20

160

100

27

"1

G. Apear

125

195

Less Exports to Shanghai ....

Less Exports to Fast and", West Coast Ports including Local Consumption for the fortnight..

Estimated Stocks this day

3,722 3,191 1,052 1,100

220

79

142 4449 245 09

3,501) 4,724 1,028 1,091 Bengal.-Prices have declined to $10621, for Patna and $1015, for Benares. The Chiese have been buying according to their requirements.

Malwa. As stocks in Chinese hands are light there has been a small demand to supply im- mediate wants only at $1070, for new drug and $1100/1140, for various grades of old opium.

Persian. Prices continue nominal at $1000, for superior drug but there are no sellers under $1020, and even higher,

COAL.

THE HONGKONG WEEKLY PRESS AND

| Prices paid are Tls. 931 to 1011 for No. 166 and Ts. 120 to 109 for No. 2 s. Local:- Have been in more enquiry and sales of ahout 5,500 bales are reported prices paid being Tls. 85 to 86 for No. 104, Tls. 86 to 87 for No. 12, Tls. 88 to 90 for No. 1 s and Tls. 92 to 94 for No. 16s,

PIECE GOODS.

Messrs. Noel, Murray & Co. in their Piece Goods Report, dated Shanghai 12th February, 1909, state:- Re-exports to Ningpo.-In publishing the comparative figures of the off-take by Ningpo there is little or nothing to say. The Port seems to have suffered from the common depression last year, though perhaps to not such a severe exte.t. English Jeans and Dyed Fancies have held their places most consistently as compared with the previous year. The following are extracts from the Report of the Customs Authorities on the Core in trade in 1908. "With regard to import goods, there are considerable decreases in the import of Cotton Yarn, Grey Shirtings and others which are mostly used by Koreans. These decre- uses were caused by the difficulty of credit tran- sactions owing to tightness in the circulation of money influenced by the financial dullness in Japan since Spring, and also by the reduced pur- chasing power of Koreans affected by the decline of her export trade in spite of rich harvests of cereals. But on the other hand, by the increase in the progress of various works on land and on to coasts and by the expansion of general business causing a large increase in export of materials and necessaries for ife, we finally see an increase of a million yen over the previous year. In the im- port and export of gold, silver and coins 1908, the decrease in the export compared with that of the previous year was caused by the smaller export, of about 1%, in gold and silver and also from a considerable decrease in the export of Korean Cash and Copper coins which amounted to over yen 1,160. 00 in the preceding year, The marked in- crease in import was caused by the large amount of silver. Some smart merchants imported large quantities of Japanese old silver yen doius intend- ing to gain the difference between the gold and silver values-(the latter having fallen in price; utilsing the fact that Koreans might prefer the larged sized coins such as the old silver prices, ow- ing doubtless to their small knowledge of one- tary affairs. In the import trade, which amounts in value to yen 41,025,894, Japan also took first place with 50% of the total, Great Britain 16%, while China and the United States had each about 10% and all other countries represented 5% of the whole. The report tell us that under the system of record formerly employed, countries to which goods were exported did not mean the des- tination of the goods, but meant the nearest destined countries of those goods. in case goods were exported for Shanghai or place: on the Yang Tse River, they might be reshipped for those places through Nagasaki a convenience and thus, according to the former system such goods were entered for apan. On the other hand, in the case of import trade, cotton goods imported fr. m Great Britain though Shanghai etc., where they had been temporarily landed, ur goods from other countries in Europe or ♬ merida due to this country through Hongkong or ports in Japan were discharged for some time, and thus the last port of shipment-: hina, Hongkong or Japan- was considered the country wherefrom these goods had been exported. This is the reason the value of imports and exports from and to cou tries other than China and Japan showed so small a percent. May delivery have been in the tables for the trade of Korea in previous

age entered into at an aivance of Rs. 2 to Rs. 3 year, although these actually did a large part of

HONGKONG, Feb. 19th.-The arrivals of coal since the 21st ultimo amounted to 15,000 tons of Japanese, 5,000 Cardiff and 3.000 Australian, The coal expected is 50,700 tons Japanese, 5,900 tons Australian, 9,100 tons Hongay, 3.00 tons Borneo and 10,000 Wales. Quotatious according to Messrs. Hughes and Hough's circular are as follows:-

Cardiff......$23.50 ex-godown, sellers. Australian $12.50 ex-godown, sellers. Yubari Lump...$12.00 Nominal. Miki Lump...$10.50 to $11.X ex-ship,nominal. Moji Lump .$7.75 to $9.50 ex-ship, steady. Moji Unscreened$6.00 to 88,00ex-ship, steady. Akaike Lump ...88.75 to $9.00 ex-ship, steady. Labuan Lump...$9.00 ex-ship sellers.

YARN,

HONGKONG-Mr. P. Eduljee in his Report dated 5th February, states: + Another active fortnight has been experienced in our market for Indian yarn, and fairly large sales have been effected in both goods on the spot and to arrive. Prices of No. 10s and No. 20s show little or no change, but for No. 12s and No. 16s a further small advance has been established. The noteworthy feature of the interval has been a quiet but steady demand for Shanghai and consequent leavy shipments Northwards to the belief of our local stocks. For the last day or two there has been nothing doing, but the market may be said to close firm with a promising outlook. Bombay is reported stronger with a considerable business doing for the Far Eastern markets and large contracts for March.

For in-tance,

though American Goods were displaced to a great extent by Japanese makes they are gradually coming to the fore again. Through their unbu- siness like methods the trade in Japanese articles is being done direct with that Country by the Chinese traders and not through the Japanese firms establi-hed in the Country. There is no change to report in the market, which remains inactive ending the proper resumption of busi- ness in the country. The local dealers are busying themselves with general enquiries, and picking up odd lots of goods here and there which were prac- tically unsaleable before. Importers being glad now to accept any offer in order to clear. The Native Baukers : re still acting with great caution and have only issued a few inore credits to dea- |lers who have proved themselves solvent, but the. majority who have not satisfied their C editors will have to confine themselves to a cash business and endeavour to work off their liabilities Iefore the 18th May. The Credits that have been issued we understand are only 60 t 70% of the amounts granted last year. A fair quantity of goods have

per bale. Sales of the fortnight aggregate 6,133 | it,” The report goes on to point out that bales, arrivals amount to 16,607 bales, unsold stock estimated at 19,000, and uncleared yarn in second hands about 20,000 bal-s. Local Manufacture:-Continue quiet. Japanese Yar: — Nothing doing. Raw Cotton Continues dull, and small sales of both Indian and China de- scriptions are reported, say

215 bales New Bengals at $24 to $231 and of 70 bales China at $29. Estimated stocks. Indian 250 bales and China 200 bales. Quotations are Indian $22 to 241, and China $25 to $29. Exchange on India after slight fluctuations closes to-day at Rs. 131 for T/T. and Rs. 131 for Post. On Shanghai 74 and on Japan 851. The undernoted busi- nees on imported and local spinning is reported from Shanghai during the three weeks ended the 10th instant, viz: Indian very brisk enquiry and sales of about 8,000 bales have been reported at an advance of one to three Taels per bate, market closing firin. Estimated unsold and uncleared stock about 18,000 hales. Japanese :- Demand continues and about 5,000 bales have changed hands mostly for forward delivery.

[February 20, 1909.

obanged hands again amongst the natives, accord- ing to the market reports but the enquiry still continues to be chiefly for Manchester goods and Yarn. Moderately large quantities are being 'ship- ped to Tientsin via Chingwantao, mostly Fancy Goods and Yarn, the freight being proportionately higher than on the smaller bale goods- which are no doubt being kept back for the dircet steamers when the River is open. It is reported that an- other ice-free Port still further North, and within easy distance of the Chinese Imperial Railway, is to he opened in the near future, which will con- veniently serve Newchwang dur ng the months that Port is closed. At present the expenses via Chingwantao and Dalny are too heavy. The pro- spects for the Manchurian trade are very bright as regards the consumptive demand, but the currency question is in a most hopeless muddle, every transaction requiring double bargaining, first as to the price of the commodity and then as to the value of the commodity and then as to the value of the medium by which payment is to be made. There are still reports and rumours of preliminary steps being taken for the introduction of a univer- sal coinage in this Country, but its much to be desired inception is apparently as far off as ever. It is to be hoped that until it has been properly introduced and found by actual experience to be' on & sound and proper basis, and Likin entirely abolished, that the signatories to the last Com- mercial Treaties will not allow any alteration in the Tariff. The proposal, however, to reduce the Export duties on Native produce, when the higher Import duties come into force, is an excellent one, as the purchasing power of the Country must de- pend to a great extent on what the consumers can sell, and there are a thousand and one thing in addition to Pigs that Foreiga Exporters might handle to advantage. In a Country like this trade is more or less a system of barter. absence of any special advices from the country markets Importers, as well as, the dealers, are rather di-concerted at the rapidly increasing quautities that are being put up week after week for sale at the

In the

Auctions. "without reserve."

The market in Manchester is very firm still, manufacturers being apparently well engaged. Little information has been received during the week concerning the New York market, beyond the fact that it is keeping very strong. The Yarn market is very active and sales of Indian probably considerably exceed the total we give

below.

HONGKONG PRICES CURRENT.

HONGKONG, 19th February, 1909. COTTON PIECE GOODS-

Grey Shirtings-6lbs. piece $1.85 7 lbs. 8.4 lbs. 10 lbs.

White Shirt:ags-54/50 reed

Victoria Lawns-12 yards T-Cloths-0 lbs. (32 in.) Ord'y..

12

2.25 to 2,55

2.80 to 4.05

"

4.15 to 5.40

+

>>

2.65 to 3.65

58/60 64/66 Fine.... Book-folds

3.65 to 5.95

25

6.10 to 7.15

1

8.05 to 9.15

12

3.15 to

6.15

23

0.50 to 2.00

1.95 to 2.20

2.25 to 3.35

2.70 to 3.80

""

3.20 to 4.20

33

4.40 to 5.40

1.87 to 4.20

7 lbs.

6 lbs.

"Mexicus,,

J1

7 lbs.

8 to 8.4 oz., (36 in.) Drills, English-40 yds., 13‡{ to 14 lbs.) FANCY COTTONS-

Turkey Red Shirtings-14 to 6 lbs. piece

Brocades-Dyed

Chinese-Assorted Velvets-Black, 22 in.,

.yard 0.11 to 0.15

Velveteens-18 in.. Handkerchiefs Imitation Silk per dozen

WOOLLENS-

73

0.09 to 0.15.

"2

0.25 to

0.55

}}

0.23 to

0.29

: Spanish Stripes--Sundry chops

D

0.50 to 2.00

2.00' ...yard 0.70 to German, .......... 0.60 to 0.70 1.26 to 3.00 Habit, Medium & Broad Cloths,, Long Ells-Scarlet, 7-9 lbs. piece Assorted..

Camlets-Assorted WHEATEN FLOUR

Lastings-30 yds. 31 inches

Assorted

Orleans--Plain.................. Blankets--8 to 12

Raw Cotton-

Bombay Bengal (New), Rangoon

and Dacca.. Shanghai and Japanese... Tungchow and Ningpo

8.25 to 9.50

8.40 to 9.85

J3

12.00 to 31.00

J

13.00 to 19.00

""

*

10.00 to 12.00 lbs. 0.65 to 1.50

picul $23:00 to $25.50

23.00 to 25.50 24.00 to 27,00 24.00 to 27,00