May 1, 1909.]
for the China merkets; most of the mills having sold well forward, are working off their recent heavy contracts. For the last few days business is al stand-still, but the market closes steady. Sales of the fori might aggregate 10,173 bales, arrivals amount to 6,574 bales, unsold stock estimated at 5,000, and uncleared yaru in second hands about 21,000 bales. Local Manu- facture :-There is no change in the continued quietness of these threads. Japanese Yarn:- Neglected throughout. Raw Cotton:-The mar- ket for both Indian and China descriptions is practically closed, receipts are very small and prices more or less nominal. Quotations are Indian $26 to $29 and China $27 to $31. Exchange on India has continued to advance in sympathy with silver and closes to-day steady at Rs. 1854 for Post and Rs. 1384 for Post. On Shangbai 744 and on Japan 88, The under-
noted business in imported and local spinnings is reported from Shanghai during the fortnight ended the 21st instant, viz-Indian :-The tone * of the market has been firmer throughout, but only small settlements are reported; the ideas of both buyers and sellers heing too wide apart to lead to any material business. Total sales about, 2.000 biles with an estimated unsold and uncleared stock of 38,50 bales. Japanese:— Market firm andl prices unchanged. Tot-1 sales about 8,000 bales on the basis of Tls. 1034 to 110 for No. 18, and 1ls. 108 to 118 for No. 20. Local:- Forward sales of about 4,500 bales No. 168 by a Foreign. Mill at Tls. 98 to 101 bave been reported.
PIECE GOODS.
CHINA OVERLAND TRADE REPORT.
RICE,
3699%
SUGAR,-In 1908 the total vòlume of business done did not differ to any appreciable extent from that of the previous year, the imports of both
the prices are declining.
HONGKONG, 30th April :--There are few arrivals Raw and Refined Sugar amounting in both cases
Saigon, Ordinary
#
دو
Round, Good quality Long.....
*
"
31
**
$4.60 to 475 to 4.65 to Siam, Field mill cleaned, No, 2. 4.85 to
Garden,
No. 1... 4.65 to White,
4.85 to Fine Cargo
5.10 to
YOKOHAMA FOREIGN TRADE.
IMPORTS.
$4.60 4.80 4.70
4.00 4.70
5.15
to roughly 191 millions of yen in value. Again Java and other Rawa form the principal items on the import list, tr nsactions in the Refined article being once more of minor importance. There seems unfortunately reason to believe that the conditions of the Import Tariff are not always strictly observed by importers, and, as regards the"? 4.90 heavy Excise impsed on the article throughout the Empire, recent revelations give colour to the suspicion that care may not have been exercised by the authorities 10 enfor e the payment in full of the impost in Formosa and Japan proper In the above circum tances, business for the. leg- itimate trader is virtually prohibited for the time being, while lasting injury has been done to an industry, the development of wh ch seemed to showed the unsound conditions under which the promise so favourably until late developments apa ese Sugar refi eries were being worked. Until Japan and Formosa are placed upon an equal footing in the matter of taxation and the to be feared that refining cannot be conducted taxes rigorously and impartially collected, it is on sound lines and the prospects of legitimate ' transactions in imported Sugars are rendered
The following trade review of Yokohama for the year 1908 is culled from the Yokohama Foreign Board of Trade :---
RAW COTTON.-The falling off is mainly con- fined to Indian and Chinese Cotton, which may partly be attributed to the large stocks brought over from the previous year and partly to the decrease in the export of Cotton Yarn to Chian, which made itself particularly felt in the first half of the year. As a whole, the Cotton business has apparently not been profitable in the year under review, either for importers nor for spin- ners, the tter experiencing considerable difficulty in making en s mest. Prospect for the future seem to be a lit le b ighter, though there is no definite indication that the present better tone of the market will be maintained. Value. h ve gradually Issened during the year. American Middling, which was quoted at Yen 38.00 at the beginning of the year, r. ceded to about Yen 29,50 to Yen 30.0 per picul during the 1 st quarter, until in the second half of De ember a cert in reaction began to ret in. Egyptain Cott u hus, As usual, followel the American market to some extent, whilst Indian and Chinese Cotton were not so much affected.
Messrs. Noel, Murray & Co. in their Piece Good- Report, dated Shanghai 23rd April, 1909, state:- But for the moderately good clearances thi market would be deadly dul, for there is scare ly any enquiry, what there is being at imp ssibly low prices, either for stock cargo or for forward delivery. There is a cert in amount of movement going on all the time, however, à sort of hand to mouth business, with no ronfidence being shown for the future,. The liquidation of old accounts is goig on slowly and so long »8 these old stocks are hanging over the muket it is not possible showed a heavy fall which must be account. WOOL. Imports for the last three years fr business to get on to a safe basis. Under these circumɛta aces Importers are not encourag-
ed for by the diminution in tra e with China ing the natives to enter into forward transactions,
and the general depression in the home mar. especially in face of the heavy supplies coming
ket, and also is due to the heavy stocks held here from Manchester, It is not very clear who
at the beginning of the year. Ta home market they are coming to, or even if the bulk is for stdily fell in price for the first six mouths of this port or not, but an export to China of improveme t; but prices are still considerably 1909, but since the there has been a gradual 14,000,000 yards of, Grey goods and 12, 00,000 yards of Blea-be goods in the first fortnight of
lower than at the b ginning of the year. this month is rather appalling, and is certai ly Japan market holds stocks at the close of the sufficient to cause operators to pause. Fortunately bottom figures, and the recent recovery in prices year which were imported when prices were at the home markets are not offering much induce- ment to buy further, as on account o the advance
at home has not yet been perceptibly noticed here. in Cotton they are very strong. The news from
The year is full of‘alarms. Many con our dependencies is very meagre, nothing of a very
tracts have not been taken up, credits have.had defined nature coming from any one of them.
to be extended, and failures have been recorded; Newchwang seems to be progressing favourably has been exhibited between seller and buyer. It and it must be generally said that lit le cóufidente and there is some evidence that fresh buying orders has been the custom. brought about by com- have come down, though the dealers are end-petition, for importers to graut extensive credits eavouring to keep it very quiet. However, certain resales of American goods have leaked out that
to the mills and even to dealers. This year's clearly show that the former buying prices for
trade depression ha- made importers realize the that market are well maintained, and there was
hazardous ature of these long credits, and it is no occasion for the weaker feeling the dealers
to be hoped that future business will be done on tried to impart to the market in the meanwhile.
shortened terms. Tientsin is quiet, but seems to be teady and the greater volume of business she is doing with
this seems to belie the rumours that the credit
system by direct Importers there is going strong again. There may be more to say on this subject next week. With regard to the smaller outlets there is nothing particular to say. Weather con- ditions so far have been very favourable for the crops; the price of Rice is almost normal once more, and the Export trade fostered by the low Exchange is flourishing, all of which would be entirely satisfactory but for the currency question, and the general want of sound business ability amongst the powers that be in the Capital. There is no homogeneity between the central Govern- ment and the Provinces, and until that comes about there will not be much chance for reform in any direction in this country. At the regular Auctions light weight Greys, as well as the Con- tinentals, went at easier prices, as did also the 64 and 72 reed White Shirtings, but the heavier goods and better classes of White Shirtings have shown a stronger tendency.
T-Cloths we e in- clined to weakness, while Jeans were steady to firm, Turkey Reds were not consistently weak, some weights showing a slight recovery, but Fast Blacks. have not followed the same course as a rule, but in some cases better prices were paid. Woollens at the Ewo sale this morning realised slightly better prices, with the exception of Long Ella
The
remote
SHIPPING. The following table gives the net registered tonnage entering the port of Yokohama during 1908 as compared with 1907, as represented by foreign flags:-
British United States... German French
Ton-.-1908. ..1,308,384 471,424
Tons.-1907.
..1,313,158
498,507
350,368
374,682
141-67
135 899
Dutch
51,306
65,330
Austro-Hungarian
49,146
53,736
Dauish
20,826
2,987
Rus ian. Nwerian Sw dish Belgian...
10,568
12,908
10,034
29.544.
6,578
2,180
2,903
Korean Chinese
2,388
1,002
AMOY IMPORTS AND EXPORTS.
The Amoy Gazette and Shipping, Report, of the 19th April, 1909, publi- hes the following principal goods passed through the Custom House,
Cotton Kaw, Italian
Shirtinge, Gey Cotton Baw, arn... Cotton Raw, Native
T-Cloths Shirtings, White
T Red Shirtings Drills...
IMPORTS.
Shirtings Dyed, Brocades Shirtings Dyed Damasks Camlets
Lasting
Spanish Stripes Lastres, Figure Lead, in pigo... Tin in slabs Iron, Nail rod... Quicksilver
Iron, Old.
Iron wire
Rice
Opium, Patna... Opium, Benares Opium, Persian Opium, Malwa Opium, Szechuan Opium, Yunnan Opium, Shani Sesamum Seed Sanpenwood Sandalwood
KEROSENE OIL.-The Kerosene Oil business during 1908 was chiefly remarkable for the rapid vicissitudes through which it passed. The first three months of the year showed remarkably good results for the importers of Oil. The prices were abnormally high, and the quantities sold unusually large. This was due to the fact that a Con- sumption Tax of 21 sen per case, imposed by the Government, came into force on the 31st March. From that date prices steadily decreased, and the market continued weak until September, when, owing to the improvement in demand, it became somewhat firmer, One of the most important factors in the business fr the year was the increase in the production of the Japanese Oil companies. During Sept., Oct., and Nov, the output from the welle of these companies increased considerably, with the re ult that the imported Oils were severely affected by the unusual quantity of Japanese Kerosene upon the market. Another reu a kab'e feature in the trade for the year was the distnct falli: g off in actual Mats Tea... consumption, owing to the economy necessitated | Oil, Kerosine American by the poverty of the people This factor, in | Oil, Kerosine Ame, in bulk... conjunction with the increase of the Japanese Oil Oil, Kerosine Borneo in bulk companies' business and the intiat on of the Oil, Ferosine Rus-ian business of the Nambacku Petroleum Company, Oil, Kerosine Sumatra considerably reduced the demand for imported Oil, Kerosine Bulk Oil, and it is therefore natural that the year 190 Cal showed a considera le shrinkage in the total Tobacco Leaf import of Kerosene Oil.
Rattans Wheal
Flour...
Beancake. Beans and Peas
Bicho de Mar...
Vermicelli
Quantity
48
pls.
1,090
pcs.
960
1,476
1,355
720
450
238
50
yds.
pls.
22
ཚ།ཀཽ། །ཚནྡྷུཔཚཧྨཙཎྜནྣ
པཏྟཾ, སཏྟཾ, བ
"
7,742
++
13
39
1
32
1,444
27
J
42
"
22
1,808
4,163
62,014
48,477
451
J
pcs.
galls.
"
12
"
22
pls.
2,430 941 569
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