442
IMPORTS:-
COMMERCIAL
RICE.
HONGKONG, 24th May-Prices are approxim- ately the same as when last reported, Saigon, Ordinary
.$4.00 to $4.70 Round, Good quality 4.80 to 4.85 Long.
4.70 to 4.75
to No. 1... 4.80 to 5.00 to 5.05 to
**
Siam, Field mill cleaned, No. 2... 4.90
12
"
Garden,
White,
1
Fine Cargo
OPIUM.
Quotations are: —
Malwa New
Malwa Old
Malwa Older
Malwa Vory Old
Persian Fine Quality
Persian Extra Fino
Patna New
Patna Old
Benares New Benares Old
THE HONGKONG WEEKLY PRESS AND
against the Lost interest of traders, Chinese and Foreigners alike.” It is generally inferred that the letter from the Guild was instigated inore with the idea of getting something done to put down the obnoxious practice in
Tientsin rather than have it introduced here. From the same Minutes it is learnt that with regard to the registration of dealers in the various Guild only the Piece Goods Guilds had replied (and that favourably we understand) and it was therefore decided to await a reply from the other Guilds addressed before taking further action. Also that the question of "Subsidiary Coinage and its continuous de- 5.10 preciation had been brought to the notice of the Foreign inisters in Peking through the Senior Consul here. The orders from Szechnen have
4.95 4.85 5.05
HONGKONG, May, 24th.
..$1,090/1,120 per picul. .$1,130/1,150 do. .$1,160/1,180 do. $1,190/1,220 do. ..$1,020/1,050 do.
..$850/900
.$1,050
do. per chest.
$1,050 .$1,075
do.
PIECE GOODS.
do da
21
not been filled yet to their full extent, the delay in executing them being rather unfortu nato so that the decline in Exchange should hasten the buying.
EXPORTS:-
CAMPHOR.
[May 24, 1909.
HONGKONG 24th May:-There is nothing to report in this market, and prices are the same.
MISCELLANEOUS EXPORTS.
For Aberdeen-1 case cigars. For Liverpool-1 Per P. & O. steamer Delta, 15th May 1909.
For Manchester--395 bales waste case cigar. silk. For Oporto-1 case porcelain. For Lyons -457 bales raw silk. For Marseilles-151 bales raw silk, 4 cases feathers, 5 bales human hair, 1 case bamboo hats. For London-146 bales waste silk, 1103 boxes tea, 10 hales raw silk, 9 cases silks 35 rolls matting, 6 cases blackwood chinaware, 6 bales feathers. 4 cases brass Gongs, 1 case pamp-
It is said Hankow ishlets, 7 cases personal Effects, looking a little more bopeful-shipments thence certainly continue favourable For Ningpo and the rearer markets, mostly supplied by the Auctions, very satisfactory clearances are Leing made. The home markets are very strong in sympathy with Cotton, which has advanced in Liverpool to 5.72d. for Mid-American spot, and 5.52. for August/September option. Egy tian is also stronger, having advanced a farthing to 8d. The New York market seems inclined to be easier somewhat, though there is not much evidence to that effect, and is not very consistent with the advance in Cotton, which
HONGKONG SHARE QUOTATIONS.
was arranged as we closed our last. Japanese and Local Spinnings are quiet and rather easier, but prices should improve with the drop in Exchange. For native Cotton the market is dull with prices drooping. Just at the close we hear some business has been done in American mal es from first hands 2,800 bales Loray & Sheeting, old stock, at Tls. 4.60, and resales of the follow
Messrs. Noël, Murray & Co. in their Piece Goods according to some advices is now quoted 10.78 Leport, dated Shanghai 14th May, 1909, state:- Whatever the expectations were as regards an
cents. Complaints are often heard now of the insufficiency of the Pacific freight service which improvement in the demand, as expressed in
forces shippers to employ the Suez route. We our last, their realisation has been frustrated
understand a new line is in course of inaugura- by a countermove in Exchange. The demand for Silver on the London market has collapsed,
tion with a port of departure in Southern Mexico, the only disadvantage to and a re-action has taken place, brit ging our
it being the extra handling it will require. Although rates down a half penny in the week, This
not coming directly under the cognizance has naturally caused a lull, as for the moment
of the open market there is still an excellent there is not much faith in the stability of this downward movement. However, it has effectu-chiefly with the native indentors who are selling demand for Indian Yarns, but it is being done ally stopped business, buyers being inclined to hold off until they can see
slightly under the prices foreign Importers are more clearly what
a-king, and have thus been able to supply the it is really to be, and incidentally to continue requirements in No. 10, which their stocks the gamble that has occupied so much of their
chiefly consists of. The Sales from attention recently. The demand that was thought hands that we report are almost entirely No. first
to be pending for the North has not yet even-
20s. and include 500 bales the sale of which tuated, in fact the transactions during the interval have been smaller than ever, but there is still an undercurrent of inquiry which is fully ex: ected to develop into actual business in the not far distant future. Since our last transactions have continued on the veriest retail scale, the demand being simply from hand to mouth, and there cems to be few things that buyers have to apply to Importers for to make up their requirements, which can evidently being:-Sheetings-2,000 pieces each Orr. A at Tls. mostly supplied by goods already in hand, or can be picked up at the Auctions. It can also be readily conceived that a large proportion of the goods to arrive is in indent account, which would obviate the necessity of buying from old stock, and it has certainly been noticed for some time past that fresh arrivals are being cleared very promptly, to the detriment of the goods that have been kept on storage here for periods now running into years. News comes from Tientsin that rain, so long wanted, has commenced to fall and is expected to have a good effect on the market. The threatened drought in Shantung has also been averted, which should help to stimulated trade in imports, though nothing cau a-sist that more than a steady low Exchange, which is so necessary to help China out with the export of her products. While writing about Tientsin it is intere-ting to note from the last minutes of the Shanghai General Chamber of ommerce that a latter had been addressed to them by the Piece Goods Guild here pointing out the incongruity of the two systems of doing business in that Port and thi:, and suggesting that in order to unify the * procedure of the two places, in business tran- sactions with Chinese and Foreigners, the Tien- tsin practice of delivering goods before payments, and of paying in two months' bills be adopted | Camphor in Shanghai. If the old practice be continued Cow Bezoar unchanged not only will the business of the Fennel Seed Hongs of our Association be, by comparison with | Galangal Tientsin, curtailed, but foreign merchants Grapes
will feel a loss which they will find it difficult) Kismis to account for." The reply of the Chamber was to the effect that it was unanimously decided not to inform the Guild that any suggestion to alter the practice of paying for goods by five days Native Bank orders, so long in force here, could not be entertained, and adding :-
:-"The credit system, on your own
admission, has led to failures for huge sums, and is in Sandalwood the opinion of the Committee of the Chamber, Saltpetre
|
HONGKONG, 21st May, 1909.-The firmness reported in our last week's issue has generally speaking been well maintained, and in some important cases we have to note further advances in rates. Business was inactive at the beginning of the week under review, but towards the close a fair amount has been transacted the market however is still handicapped by the unwillingness of holders to part even at the improved rates. Exchange on London closes at 1798, T/T, on Shanghai at 744.
BANKS.-Hongkong and Shanghais with a continued demand at 95o, and with no shares forthcoming the rate rapidly rose without business to 970, at which some shares changed hands and with a further demand, 975 and 980 was soon reached, with sales at bith rates, the
call for no remarks market closes steady at the last rate Nationals
MARINE INSURANCE.—Small sales of Unions at 845 are recorded, also of Cantons at 197}, further than this we have no changed or bu siness to report.
have
Hongkongs FIRE INSURANCES, changed hands at 345, and close in demand at Chinas have ruled in demand at 108, that rate. without leading to business and at the close buyers still rule the market.
SHIPPING.-Hongkong, Canton and Macaos have found buyers at 311⁄2, and close with pro- bable further buyers. Indo Chinas after sales in the early part of the week at 80, have dec- lined considerably, at the close shares are obtainable at 73. The business at intermadiate rates has been but small and the market closes dull. Star Ferrys are still in demand but we have heard of no sales. Other stocks under this heading remain unchanged ant without business.
4.60 and Williston A Pls. 4,65, and in Drills 1,500 pieces each of "Paulo" at Tls. 5.60 small Cat (? Trion AAA) at Tls. 4.65, Clifton K Tls. 480, Pacolet and Pepperell Tls. 5.00. These are all for the Tientsin market. In English goods we only hear of small private sales of 10-lbs. Grey Shirtings, Tiger and Boy and Woman and Froy at Tls: 3.90, the rest of the trade bei: g carried on a retail basis. We Are Forry that in reporting the Auction sales last week we did not point out that the total figures included two Yuen Fong Auctions, hence their apparent startling increase, The sales this week, as
MINING. Raubs have been the medium of a compared with the previous week do not how up very satisfactorily on the whole, especially fair business at 9,50, 9.60 and 9.75, the market when the fall in Exchange is taken into con- closing with buyers at 9. Chinese Engineer- sideration, but a glance at the particulars willings are firmer and the last quotation from the show that the prices were very "in and out.”
HONGKONG QUOTATIONS,
HONGKONG, 17th May, 1909.
Hongkong markets:- Apricot Borax Cassia Cloves..
Glue
Olibanum
Oil Sandalwood
12
Rosa... Cassia Raisins
Senna Leaves
$17
$17 to 19 $21 to 21} $31 to 32
$84 to 85 $70 to 114
$8 to 9
$2 to 4
$17
$16 to 171 $26
$3 to 14 $250 to 300 $70 to 90 $195
$134
$8 to 9 $34
$10 to 11
Refineries.-China Sugars have been in some demand and the market has ruled strong, with sales at 141, 1424 and 145, closing with buyers at the highest rate. One time sales for June at 1474 are reported. Luzons remain un- changed and without business.
North gives 17 buyers. Charbonages are un- changed and without business,
DOCKS, WHArves and GoDOWNS.-Hong. kong and Whampoa Docks continue week, and after some small sales at 70 and 67 close with sellers at 65 and with no buyers over 624. Kow. loon Wharfs have been the medion of a fair business at 58 and 59, the market closing with buyers at 58/581, most of the shares that have changed hands have been taken up in the North, Hongkew V barfs ologe in the North with. sellers at 167, and Shanghai Dooks at 84 buyers.
Hong-
LANDS, HOTELs and BuildinGS, kong Lands have improved considerably to 105 at which rate a fair number of shares have changed hands. No intermediate sales between that rate and the last quoted one of 102 have been reported. Hotels are neglected-at quota- tions and we have no business to report. West Points have found buyers at 44, Hum- phreys are in some demand at 9 but no shares are available and we have ng business to report.
No comments yet.
Private notes are available after approval.