394
PIECE GOODS.
Messrs. Noel, Murray & Co. in their Piece Goods Report, dated Shanghai 23rd April, 1909, state:- We stated last week that but for the moderately good clearances the market would be deadly dull this week there is scarcely that qualification. The rise in Exchange has the effect of causing buyers to withdraw what offers they may have had out, and they do not seem inclined to renew them, evidently expecting Exchange to rise much higher. This, however, is quite problematical, as the strength of the home Silver market seems to depend a great deal on the conditions prevailing here. Of course we are coming to the season when commercial paper is u-ually more in evidence, which should assist in keeping rates up, but there is no specific reason why any material advance should take place. However, it is now being made the excuse for a gamble and a good many questionable legitimate transactions are going through, which is very detrimental to the trade. The dealers doing all they know to "bear" the market, but it is beyond a doubt that there is a steady demand which the merchants are nursing. and are abstaining from any anticipatory business except on the most retail scale. The limited must have been reached when one man wanted to wire an order for three cases of certain goods! | This is undoubtedly the slackest season of the year, but there is no apparent reason why clearances should already commence to slacken off, considering the moderate quantities that have The only item gone into consumption so far.
THE HONGKONG WEEKLY PRESS AND
that shows any material increase being Cotton Yarns. The extraordinary way in which prices for all spinnings are keeping up should augur well for piece goods, but the di parity between the two continues. There is nothing of special interest to advise from the Out-ports. Harvest- ing the Spring Crops should soon be on now, and very favourable they seem to be, then the plant- ing of the Rice and Cotton Crops will occupy the attentain of the Country pe ple for a time, that being the chief cause for the lull in trade. Manchester is recorted strong, though there are easy spots to be found where prices have not advanced abnormally. The enhanced prices al- though not altogether uniform stops business, and prevents any advantage being derived from the higer rates of Exchange. From various causes not altogether clear Cotton is advancing, the Liverpool quotations for Mid American being 5.51d. spot and 5.421. for July/August opion. Egyptian is quoted 8d. The New York prices are fluctuating, yesterday 10.48 cents for July and 10.20 cents for December were received, but to-day 10.40 cents coming for the latter mouth. It seems so thoroughly well known that prices for Piece Goods in that market are so high it is not consider necessary to wire quotations, but it is understood they are being well maintained. The market for Yarn has continued active, but to- wards the close buyers are holding off in view of the large quantities held by indentors, as they be forced to sell as drafts become due. To illustrate the strength of the Bombay market some 3,000 bales July/September shipment have teen bought at prices that are ten rupees over the previous business done. Irivate business is practically at a standstill, offers made for goods in stock, and only for absolutely retail quantities, being too low for acceptance. The rise in Ex- change is made the excuse for this although it is well know that a large proportion of the goods here are on a tael basis and do not benefit but the advance. From second hands more movement is
may
reported in American makes at firm prices. Tientsin being the chief buyer, though New- chwang is also doing some bing in the same line. At the Auctions prices have been on the easy side throughout. To-day at the Ewo sale, in Grey goods light weights and common 8.4- lbs, were lower 2 to 3%, the better class of 8.4-lbs. 2 to 3 cands. down, low 10-lbs. 3 to 4 candareens and the better makes 2 to 3 canda- reens lower, as were the heavier makes. Whites went at about steady price, Grey T-Cloths ea-ier and Jeans slightly better. Turkey Reds have sold at weaker prices during the last few days. Fast Black Italians, have shown some redeem- ing features, but Venetians have sold at easier Ameri- prices. All Woollens have been weaker. can Sheetings and Drills-The resales amongst the native do not amount in the aggregate to a very large quantity, the individual transac tions not exceeding more than 25 or 50 bales at most. We have heard of Piedmont K. Drills at Tls. 4.45 and the following Sheetings:-Lang- ley C. Tls. 4.35, Buffalo A Tls. 4.50, Dwight A Tls, 4.70, Whitney Tis. 4.90 and Pacolet Tls. 4,924. All of which show a slightly firmer tone.
{
FOOCHOW IMPORTS.
YARN.-Since 1st June, 1908:--
As per Inst circular..
ince last circular..
Total
.28,744.90 piculs.
1,620.00 28,324.90
21
**
KEROSINE. Since 1st June, 1908:---
As per last circular ...5,039,711 gallons. FLOUR.-Since 1st June, 1908:-
As per last circular
.425,633 baga. Since last circular..
18,917 Total
4-4-4,550
OPIUM. Since 1st June, 1908-
As per last circular Since last circular
Total...
EXPORTS:—
TEA.
#
.2,169 chests.
8-4 2,253]
+
Foocнow, Apr, 30th-The following settlements have taken place during the week :-
Total arrivals, settlements and stocks to date 4-Chests Chests -Chests Chests Congou. Souchong. Oolong. Pekoe.
35,782 25,00 123,500
8,287 211,810 121,770 05,782 8,287
8,391 1,730
Arrivals Settlements.. Stocks.
The Tea Export Summary from commencement of Season to date has been :-
Total lbs.
Austria France
Germany
Holland London
Russia
Other Countries South America Australia & N. Z,.. U. . & Canada. South Africa... Constwise Southward Coastwise Northward Total Shipments
SILK
1,524,019
1,266,402 4,032,928 1,095,693 4,787.898 763,65-1
538,412
238,561
1.354,193
5,841,606
118,853 89,217 37,412 .21,679,748
RAW SILK-Our last report was dated the 25th March, when a general feeling of dulness prevailed. Since then prices receded still further, Dinshius going down to Yen 865; but by the 3rd inst. a reaction set in and an advance of about Yen 30. per picul was experienced. At the close, things are again quiet, the Easter holidays having interrupted business.
WASTE SILK. - Quotations show no change since last report. Transactions at present are limited to small parcels. Settlements from Mar. 25th to April 11th, 1,400 piculs, Total Settlements from July 1st to April 11th, 36,500 piculs. Stock on April 12th is estimated at 4,700 piculs, viz:— Noshi 850 piculs. Kibizzo 3,000, Pierced Cocoons Sundries 850, total 1,700 piculs. Against last year 13,000 piculs.
HABUTAI.
KANAZAWA.—A slightly firmer tendency is noticeable since our last Report; this is not due to any increased demand, but is more on account of the difficulty of obtaining satisfactory goods. Business from America has almost ceased, and there is only an enquiry for 23 inch from Europe. Echizen. The above remarks apply also to this market, and, in connection therewith, not much improvement has to be recorded from the inspec-
[May 10, 1909.
MISCELLANEOUS EXPORTS.
l'er P. & O. steamer Assaye, sailed on 1st May. For New York-1 case silk pce goods, For Hamburg--5 cases human hair. For Manchester -130 bales waste silk. For Gibraltar-1 case silk pce goods, 1 case curios, For Barcelona-1 case personal effects. For Lyons-201 bales raw silk. For Marseilles-156 balea raw silk, 50 bales waste silk, 93 cases tea, 3 cases bird feather, 4 bales human hair, 3 cases cigars. For London- 10 bales raw silk, 346 bales waste silk, 6 cases silk, 1 case A cases empty cylinders, 1 case hand screen, pamphlets, 1 case hat. Naples-1 case silk goods,
Per P. & O. steamer Nubia, sailed on 5th May. For London-478 cases tea, 54 bales feathe s, 68 cases chinaware, 60 bales canes, 5 Cases bristles, 3 cases blackwoodware, 2 cases cigars, 16 cases P'effects and curios, 2 cases woodware. For Marseilles-5 bales buman hair.
HONGKONG SHARE QUOTATIONS.`
HONGKONG, 7 h 1909.-The market has ruled quiet during the week, and although several stocks have been in demand but lttle business has resulted and the tone has been decidedly dull. Rates however have ruled steady in most cases and the market clos 8 steady to strong, Exchange on London closes at 1/94 Demand, and on Shanghai at 754.
BANKS. A few small sales were ‹ffected in the early part of the work at 95・ bat in sympathy with the rise in sterling exchange the rate gradually fell to 945, at which a few odd lots changed hands. The market closes quiet with some small lots grill obtainable at 945. Na- tionals remain unchanged and withoạt business.
MARINE INSURANCE.-Unions continuing in dmand the rate gradually rose to 825, with only small intervening sales at 81-) and 815, the market closing firm with buyers at $820. Cantons show an improvement with some small buyers at 19, North Chinas are enquired for at the improved rate of 104 ex div of 7/6 paid on the 1st May. Yangsizes remain unchanged. and without business.
tion changes which commenced on the 1st of the month. Kawamata.-There has been a better | demand for 23 inch, quotations for which show an advance of 30 to 40 sen per piece,
FOOCHOW EXPORTS.
CAMPHOR.-Since 1st June, 1908: -
As per last circular Since last circular.
Total
$1...
5,375 08 piculs..
281.00
.5,659.08
++
.50.21 piculs. .24.10
CAMPHOR OIL.- Since 1st June, 1908:—
As per last ciccular Since last circular
Total
CAMPHOR.
74.31
**
HONGKONG 10th May:-There is no movemten in this market, and prices are the same.
FIRE INSURANCES.-Hongkongs have ruled steady with sellers at 3374 and buyers at 335,
but without business. Chinas continue in demand at 106 but no sales are reported.
SHIPPING. Hongkong, Canton aud Macaos have been in demand and the rate has risen, to 31, with sales at that and at 311, the mar- ket closing with farther bayers at the latter rate. Indo-China have weakened and sellers at 79 for the combined shares fail to find buyers, at 78 however it is probable that a few shares conld be placed. The latest London quotation shows a fall to £7, 5/ for the combined shares. China Manilas have fallen to 11 with sellers without inducing business. Douglases continue out of favour at 36. Star Ferrys are enquired for at 25 for old and 15 for new shares but we have heard of no business, the shares being pretty firmly held for higher rates; Shells have declined in London to 27/9 for name Shares, and to 57/6 buvers here for bearer shares.
|
and we have no changes or business to report. REFINERTES.-The market has been very dull
MINING. With the exception of a small sale of Ranbs at 7.90 we have no business to report. Charbonages remain in request at 625, Chinese Engineerings are quoted in Shanghai at 18, and bere at 17 ex div of 1/6 per share paid on the 1st Inst..
DOCKS, WHARVES AND GODOWNS.—Hong- kong and Whompos Dock continue out of favour, and shares have changed hands during the week at 76 and 75, the market however elosing with buyers and no sellers at the latter rate. Kow- loong Wharfs have been in s eady demand, and a few small sales have been eff-cted at 55, the market closing with buyers at 55 to 56 In Shan hai stoks under this headig we have no b.siness to report. the latest quotations being Docks 85 nem, and Hongkew Wharfs 167 nom. Hong- LANDS, HOTELS AND BUILDINGS, kong Lands continuing in demand the rate rose to 101 after sales at 100 and the stock closes fim with buyers at the higher rate. Ham. phreys have changed hands at 9 and are in further request. Hotels since the new issue, are quoted at 71 for old and 42 for new shares the latter closing with sellers.
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