The-Hong-Kong-Weekly-Press-1909-03-15 — Page 22

226.

JAPANESE MARKETS.

IMPORTS.

YOKOHAMA, 1st March.-Cotton Yarns.-The Inanimate condition of this market still continues. Cotton Piece Goods-A weakening in the Manchester market bas caused a temporary cessa- tion of orders, buyers' ideas seeming to be that the bottom has not been reached yet. Woollen and Woollen Mixture. The disturding factora which bare upset this market during the last your are still militating against resuscitation. Tex- tiles Generally.-Everything is still quiet. Raw Cotton. Market rem ins lifeless as stocks are still considerable, Rice.-Rangoon and Saigon quotations have sen a considerable decline and markets are weak. Metals.-The Metal market is still quiet, and there is practically nothing doing. Window Glass-The market has declined, but buyers are slow to place orders. Stocks are con- siderable, and the approach of the season of little demand makes thing dull, Kerosine Oil Arrival and deliveries for the second half of February show:-Standard Oil Co., arrivals 279,000 cases; deliveries 9,900 cases; Rising Sun Petroleum Co.; arrival 103,000 units, deliveries 2,900 units, Flour.-Sales of special brands have been effected during the last week for March/April shipments. Wheat.-The market continues drm, but no bu- siness has been done,

PIECE GOODS.

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THE HONGKONG WEEKLY PRESS AND

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only transaction we hear of is 1,000 bales 3.25 yard Drills at 98. 1d. for Dwight S quality. The Export of Plain Cottons from Tancashire last month amounted to 43,000,000 yards, against 32,000,000 yards the same month last year, 80 there will be no dearth of supplies. The specula- tion th it is going on in the Yarn market amongst the natives is not a hethy ign. It is a pity a period of legitimate trade could not have been organised after the disastrous experiences of the last few years. The high prices must curtail con- sumption in the long run and divert the demand to woven goods. All classes of Spinnings are abnormally high. The market book this week is devoid of any private sales, but the Auctions con- tinue to offer full lines of the most popular Manchester makes. Prices have been a little in and out in Grey goods, and also the lower Whites, but the better qualities of these were firmer. Considering the greater freedom with which Tur- key Reda were offered, prices on the whole were fairly well maintained. Fast Black Cotton It- alians went very irregularly, and Venetiens show a weaker tendency. Woollens have improved in most instances, especially at this morning's sale.

HONGKONG QUOTATIONS,

HONGKONG, 8th March 1909.

Hongkong markets Apricot

Borax

Cassia Cloves. Camphor Cow Bezoar Fennel Seed Galangal Grapes Kismis Glue Olibanum

Oil Sandalwood

Rosa... Cassia

Raisins

Senna Leaves

Messrs, Noel, Murray & Co. in their Piece Goods Report, dated Shanghai 5th March, 1909, state:— The first Steamer arrived at the Tientsin Bund on the 25th ulto, earlier than was expected, and has already returned to this Port. We have not been able to gather much news of the market, but there seems to be fairly good enquiry at firm prices. How they compare with those that are current here it is somewhat difficult to say, the dealers here, of course, making out they are not so good and are trying to get in at lower prices, which holders resent, with the consequence that nothing has been done from first bands, and very little otherwise. Further steamers have left here almost daily with moderate shipments of goods | Sandalwood and Yarn, the latter, according to latest, advices | Saltpetre having advanced considerably and is really the only satisfactory feature, as it shows the country people have the means to buy that commodity to employ their spare time weaving until their services are required in the fields. It cannot be denied the apathy shown as regards woven gooda is di-tinctly disapppointing. There is however, every assurance that Shanghai wil' regain some of her lost trade this year, so Importers must not despair. More hope is placed on the consumptive powers of Newchwang, the steamers for which Port are ex- pected to leave here about the end of next week, but unless some radical change has taken place in the financial position, which we have not been advised of, it is difficult to see how trade can im-

prove to any great extent. It is true fresh outlets

have been found for some of the Manchurian

products, which should stimulate the import trade in that Province. The River markets are still inactive, though latterly shipments have shown an improvement in that direction, especially Hankow, which it is trusted will continue and make up for the falling off last year, shown in the state ment of Re-exports to that Port, compared with previous years. It is satisfactory, however, to note that the total deliveries so far this year are on -the whole better than last year. This is a fact that is not apparent when comparing the figures published in a contemporary Report, as for some unexplained reason this year's figures are compar- ed with those two weeks latter last year! Recent shipments to Corea are quite satisfactory and might have continued so but for some reasor a steamer that was on the berth to leave this week has been withdrawn. As regards fresh bu- siness we can glean very few particulars, but while nominally exceedingly quiet there is a slight un- dercurrent of enquiry, and there are not wanting instances where sales have been satisfactorily replaced. With snch strenuous competitions that is now going on it is probably wiser to keep any such transactions as dark as possible. Manchester is certainly unbending and better terms can be arranged than could have been done a month ago, though to what extent this is being availed of it is difficult to say. Cotton has remained on the easy side throughout, the latest Liverpool spot quotations being 5.05d for Mid-American and 8td: for Egyp- tian. For the former the "future" price is 5.03d for June/July. From advices received to-day from New York, however, it looks likely that a reaction will take place, the March option quotation com- ing 9.51 cents, an advance of 20 points since last week. For Domestics the market is being kept very firm, with very little business passing. The

EXPORTS :

་

SILK

$19 to 20 $17 to 18 121 to 25 $30 to 32 $78 to 84 $70 to 115

$7

$36 4 $19 to 20 $22

$2 to 26 $3 to 14 $250 to 300 $70 to 80 $202

$13

$7

$30 to 32 $11 to 12

Yokohama, 1st March. During the past fort- night only a limited business in raw silk has been done. Although Stock nominally amounts to 11.500 bales it is with the greatest difficulty that real good parcels can be had with the re- sult that euch fots command comparatively very high prices. The market for waste silk has been quiet, sales just about keeping face with arrivals. Habutai. The close of the month has witnessed & considerable fall in prices for Kanazawa due to the stagnation of business and increase in the market supply. Enquiries from Europe have been below the Japanese parity, and, with the excep- tion of 44 momme in 27 inch, American buyers have withdrawn from the market. The Echizen market has declined in sympathy with Kanazawa since the last report and there are signs that the bottom has not yet been reached. The general quality has again caused complaints and no little difficulty is experieneed in filling the limited re- quirements. There is no change to chronicle in the Kawamata market, but there has been a little more enquiry for 36 inch goods,"

TEA.

The export of Tea from Amoy and Formosa in this year is Tamsui Oolong, 16,295,770 to the United States, (a decrease from last year), 522,458 to London, (an increase from last year), and 170,510 to various places (an increase from last year).

CAMPHOR.

March 15, 1909.

Per P. & 0. str. Nore, sailed on 11th March, For Antwerp:-100 bales Hemp. For Glasgow :- 8 cases woodware. For Manchester:-152 bales waste silk. For Liverpool:-1 case cigars. For Marseilles:--3 cases birds feather, 100 bales hemp. For London:-2,500 bales hemp, 150 roll matting, 25 cases bristles, 13 cases blackwoodware, 24 cases woodware, 11 cases Chinaware, 41 cases personal effoots, 12 cas:s bambooware, 1 keg white lead.

HONGKONG SHARE QUOTATIONS.

HONGKONG, 12th March, 1909.-The firmness of our market reported in our last has continued throughout the past week, and rates with few exceptions have again improved, the tendency being still bouyant. Barsilver has ruled steady during the interval, and closes at 23 d. Er. change on London is quoted at 1/81; T.T, and on Shanghai at 747 T.T.

BANKS, Hongkong and Shanghais were done in the earlier part of the week at $900, 1910, and 8915, but have since jumped to $925 buyers, with a probability of 8930 leading to business. London has again advanced, the quotation now standing at £85.10. Nationals have not been dealt in, but are unchanged at $51 buyers.

MARINE INSURANCE.—Unions after small sales at $825 have hardened, and are now en- quired for at $830. China Traders, North Chinas and Yangtazes are unaltered, but are wanted at quotations. Cantons can be placed in small lots at $1874.

FIRE INSURANCES.-Hongkongs have been booked at $306 and $308 ex the dividend of $27 per share for 1907 paid on the 10th instant, and close firm at the higher rate. Chinas have also improved, and are now enquired for at $105, no sales being reported during the interval.

SHIPPING.-Hongkong, Canton and Msosos have again been booked at $29) and more shares are wanted. Indos have attracted some atten- tion, and sales are reported at $53 and $59 for the Preferred and Deferred combined. China and Manilas have declined to $11 sellers. There are buyers of Douglas at $34, and of Shell Transports at the improved rate of 58/- but no sales have been effected.

REFINERIES.-China Sugars have still fur- ther advanced with small sales up to $150, at which rate the market closes steady with a few for presentation to shareholders at the annual shares offering. The report of this Company meeting to be held on the 19th instant, shows a gain on working during 1908 of $273,518.10 after paying interest $33,462.95, Commission $25,290.62. Renumeration to Consulting Com- mittee $2.500, and Auditors fees $750, there- by reducing the debit balance of $279,371.34 brought forward from 1907 to $5,858 24. The General Agents and Consulting Committee re- commend that a dividend of $5 per share, absorb- ing $1,000,000, be paid out of equalization of dividend fund which will then stand at $350.000. Luzons have not been enquired for during the interval and remain at $17 with probable sellers.

MINING.-Charbonnages have improved to $590 ex the dividend of Franes 37} (Coupon 16) paid in Paris on the 1st instant, but no galės are reported. Raubs after small sales at $84 have declined to $81 sellers.

DOCKS, WHARVES AND GODOWNS.-Hong- kong and Whampoa Docks are easier with sellers at $86, a small sale being reported as low as $85. Hongkong and Kowloon Wharves have improv ed considerably. and after sales at 851 and $52 have further advanced to $54 at which the market close steady. Shanghai Dook have been sold in the North at the reduced rate of Tls 874, the latest quotations by wire being Tls 87 buyers, Shanghai and Hongkow Wharves are also slight- HONGKONG 15th March-The prices are the ly easier with sellers at Tls 175.

- Hong- LANDS, HOTELS AND BUILDINGS. kong Lands have advanced to $99, and a fair business has been booked at that rate, market closing with further buyers, Kowloon Lands,

remain unchanged with sellers at quotations. West Points and Hongkong Hotels have. not attracted the attention of investors, and Humphreys Estates are firmer with buyers at 584. Shanghai Lands are still quoted at Tls 115.

same as last reported.

MISCELLANEOUS EXPORTS.

1909. Hamburg.-5 cases human hair. Antwerp. Per P. & O. steamer Delta sailed on 6th March,

waste silk. Gibraltar.-6 cases silk piece goods, 1 case silk, 1 case curios, Lyons.-301 bales raw silk, London.- 150 bales waste silk, 30 bales raw silk, 6 cases silk, 9 pkges personal effects &c. Marseilles.-18 cases Bamboo hats, 14 cases human hair, 71 bales raw silk, 1 case pongee silk.

-5 cases human hair. Manchester.-340 bales

COTTON MILLS.-A further substantial ad- vance has to be recorded in Ewo Cottons which are now Wanted in the North at Tls. 115. In. ternationals are quoted at Tls. 89, Laon Kang

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