126
YARN.
HONGKONG--Mr. P. Eduljee, in his Report dated 6th August, state-Shortly after the departure of last mail holders felt more inclined to meet dealers, and a slight concession in rates, here and there, has had the effect of again inducing a quiet | but steady business, particulars of which are noted below. Most of the buying has been entirely speculative as at the moment there is very little or nothing doing in the country, but the outlook would seem to warrant the action of the speculators. Several mills in Bombay having previously entered into heavy forward contracta without covering their sales, are now finding themselves at a disadvantage in a rising market
material. and the scarcity of the raw
T.e situation ha latterly become so acute, that a few of them have ceased working entirely, while the others had to adopt short time from the 10th July to 27th September next, working only four days in the week. Under these circumstances, the China markets are not likely to be flooded with yarn at least for some time, and the present position of the trade in the near future is more or less assured and we close with a quiet but strong market. Latest telegrams from Bombay quote Assur Mo. 10 at 6 annas and Victoria No. 203 at
7 annas per pound. Sales of the fortnight aggregate 6,838 bales arrivals amount to 4,031 bales, unsold stock e-timated at about 16.00, and sold but uncleared yarn is second hands at about 28,000 bale. Local Manufacture:-Sales of about 350 bales No 10 and 128 at $115 and $117 re- spectively are reported. Japanese Yarn:-Almost neglected. Raw Cotton:-Importations of Indian descriptions have been entirely checked by the scarcity and high prices in the home markets and there is no stock or transaction in Bengal kinds. In China Cotton a parcel of 150 bales (small) Thoongchow is reported to have changed han is at 335 leaving about 100 hales in stock Quot- ations are Indian $28 to $34) and Chinese 30 to $36, Exchange on India has fluctua ed slightly and closes to-day at Rs. 131 for T/T and Rs. 1311 for Post. On Shangbai 744 and on Japan 84). The undernoted business in imported and local spininng is recorted from Shanghai during the three weeks ended the 31st último, vix :- Indian-The low exchange and firmness of holders have considerably curtailed business and sales of about 5,000 bala; are reported at an advance of one Tael per ba'e. Estimated unsold and uncle red stock about 6 1,00 1 bale, Japanese: -Continne quiet nt sready and only 400 bales have been reported sold on the basis of Tis. 100) to 109 for No. 163 and T. 110 to 116 for No. Local:-No business from first hands
20s.
HONGKONG PRICE CURRENT.
HONGKONG, 6th August, 1909
COTTON PIEcɛ Goods-
Grey Shirtings -6lbs.
piece $1.95
}
7 lbs. 8,4 lbs. 10 lbs.
→
2.30 to 2,53
#1
3.03 to 4,20
4.20 to 5.55
2.80 to 3.05
58/60
4.00 to 5.60
64/66
6.00 to 7.20
"1
"
White Shirt.ags—54/56 read
2
Book-folds
"
Fine...
Victoria Lawns-12 yards
T-Cloths-6 lbs. (32 in.) Ord'y..
7 lbs.
. 6 lbs.
7 lbs.
31
"Mexicus,,
11
8 to 8.4 oz., (30 in.) Drills, English-40 yds., 131)
FANCT MOTTONS—
Brocades-Dyed
to 14 lbs.
h
וי
J
"
6.25 to 6.90 0.75 to 2.0 · 2.10 to 1.20 2.25 to 2.35
2.70 to 3.95
THE HONGKONG WEEKLY PRESS AND
RAW COTTON—;
Bombay
Bengal (New), Kangoon
and Dacca..
Shanghai and Japanese... Tungchow and Ningpo METALS ---
Tron-Nail Rod.
picul $26.00*
to $34.00
26.00 to 31.00 20.00 to 32,0|| 20.00 to 33,00
picul $ 4.05 4.30
Square, Flat, Round Bar (Eng.)... Swedish Bar ...
Small Round Rod Hoop, to 11/2 in., Wire, 10/25 oz., Old Wire Rope
Lear—L, B. & Co. and Hole Chop
Australian
1+
+1
COPPER
[August 7, 1909.
KOBE, 15th July, 1909.
Copper Market dull, Present home values do not induce sellers to dispose of their stocks. Fish Oil.-Market firmer. Rice.-Weak. Cotton Yarn Quetafions show little change as at pre- sent prohibitive level there are no buyers. Exports are further handicapped by the low price 4.15
of Silver. Vegetable Wax.-Slightly firmer feel- 4.50 ing but no business of importance reported. 5.60 Matting.-Only small business transacted during 9.50 the fortnight under review at slightly advanced 300 prices. Local stocks are small due to lack of 9.00 arrivals from the weaving districts, where holders 8.90 demand prohibitive figures. Straw Braid & Chip
Braid. – Practically no change to report.
40.00
Yellow Metal-Muntz 14'28 oz,
Vivian's, 18/32 02., Elliots, 18/281-2.......
40.00
40.00.
Tin-Plates, Steel
80.00 box 7.40 .cwt. case
Tiu,
EXPORTS:
TEA.
CAMPHOR
HONGKONG 6th AugustThe above market is at a standstill, and prices remain as last quoted.
HONGKONG SHARE QUOTATIONS,
FOOCHOW JULY, 16TH.-The following settle- ments have taken place during the week:— Congou9,100 half-chests. Viz: -469 half-
HONGKONG, 6th August 1909.-The market cheats Paklum, 4,507 half-chests Padyong, 110
generally has ruled very dull; a dullness only half-chests Yung How, 3,345 Sryone, 27 half-being relieved by a flatter in Rubbers, in whichi chests Seu Moc, 642 half-chests Dust and Broken
a fair business has been put through at advano- Leaf. Souchong-2,974 half-chests. Scanted Teas-1,870 boxes. Flowery Pekers-545 chests, ing rates, and in which a speculative demand Total arrivals, settlements and stocks to date exists at the close, somewhat to the detriment of our local stocks. Exchange on London T/T, -chests chests chests chests
closes at 1/8/13/16, and on langhai at 747. Congou, touchong. Oolong. Pekoe.
BANKS. Hongkong and Shanghais have 70,000 1,000 9,80 1
continued in demand and the rate has further 49,190
7,511
advanced to $1,020 after sales during the week 20,180 1,000 2,286
at 1,015 and $1,020. The London rate has ad- cominencement of Season
vanced to £94, and Shangbai quotes $1,040 at ex. 73. Nationals continue in demand at 57 without inducing sellers to come forward,
Arrivals .117,500 Settlements.. 85,8 () Stocks......... 31,700
The Tea Export from to date has been :-
Austria... France)...
Germany.
Holland
London
Russia
Other Countries. South America
Total lbs. 332,041 369,514
1,582,0-4
592,218 1,395.145
139,231 204,030 17,288
Australia & N. Z.
170.600
U. S. & Canada South Africa
329,061
Coastwise Southward
23,366- 265,223 5,934,711
FOOCHOW EXPORTS.
Coastwise Northward Total Shipments......
CAMPHOR.
Since 1st June, 1909; - As last circular
.94.00 piculs per CAMPHOR OIL. Since 1st June, 1904 ;—-
As per last circular
.15.24 pients
JAPANESE MARKET.
L
MARINE INSURANCE.—With an unsatisfied demand for Unions the market has ruled very firm, and after small sales at 835 and 840 closes steady at the latter rate. Cantons have been placed at 195, and more shares are obtainable. North Chinas are enquired for at 120, but we bave heard of no further sales.
FIRE INSURANCES.-Hongkongs have chang. ed bands at 345 and olo e s'eady at that rate. Chinas have declined and after sales close with sellers at 115.
SHIPPING.-Hongkong, Canton and Macaor bave found buyers at 33 and close with a fur- ther demand, Indos remain a dead letter, Shells have dropped to 70; but close with buyers at that rate. We bave nothing further to report under this heading.
REFINERIES.-China Sugirs changed hands in the early part of the week at 1413 and 142, and at the close shares are obtainable at the latter rate. Luzons in the earl part of the week were placed at 17 and 17 but close firmer with sls and buyers at 18, and it is probable that a higher rate than the last could be obtained.
MINING. Raubs continue neglected and weak and we have no business to report. Chinese Engineerings have improved in the North to 18 with buyers. Langkats have slightly im- proved in the North, and after sales at 1000 cash and at 1025, and 1040 for December close rather weaker at 995 cash.
YOKOHAMA, 15th July, 1909. RAW SILK. Our last r port was dated the 19th 7.25 t) 9.75 June, from which date prices gradual y advanced until Yen. 935 was paid for No. 1-1} Shinghiu Filatures, full size, on the 23rd idem. A this point arrivals from the interior began to comme down more freely, with the result that stocks gradually accumulated and prices declined slowly bur steadily. At the close, our market is very 3.50 to 4.25 quiet and rather weak for coarse sizes. only fine
and medium-sized Filatures being kept very firm.
WASTE SILK.-Nothing doing. Arrivals of new have only small sales to report at 62 Waste almost nil. Sett'emonts from July 15th, Kowloon Wharfs ruled quiet in the early part 200 picula. Stock on July 16th is estimated at of the week, but at time of closing a sudden 4,00 piculs, viz. :-Noshi 1,100 picule, Kihizzo demand at 59 has cropped up and with very few 2,800 piculs, Pierced Cocoons Sundries 700 piculs.shares obtainable the market closes firm with Total 4,600 piculs, Against last year 5,400 piculs.
4.65 to 6 05
Tur key Red Chirtings-1) to 1.82 to 5.10 6 lbs. piece
.yard 0.11 to 0.15 0.08 to 0.35 0.28 to 0.55 0.24 to 0.28
Chinese-Assorted
Velvets-Black, 22 in.,
"
Velveteens-18 in....
#
Handkerchiefs Imitation
Silk per dozen {
0,50 to 5.00
Woollens—
Spanish Stripes--Sundry chops
German,
yard 0.70 to 2.00
200
+
Habit, Medium & Broad Sloths,, Long Ells-Scarlet, 7-9 lbs piece
Assorted
Camlets-Assorted
WHEATEN FLOUR-
Lastings-30 yds. 31 inches)
Assorted
Orleans-P lain.....
- Blankets-8 to 12
12
**
75
"
8.00
1.25 to 7.80 to 9.40 7.90 to 9.40
•
14.00 to 21.00
9.00 to 12.00 lbs. 0.00 to 1.50
HABUTAI.
YOKOHAMA, 15th July, 1909, KANAZAWA.-There has been complete stagna-
tion in busi eas since the commencement of the mouth, which has not failed to react on the
market, prices being extremely weak at the time If going to press. Ecbizen. Habutai from this district has remained firm, probably due to the continued increa e in the proportion of second choice stamped goods. There has not been a uch demand from a road, and business is generally quiet. Kawamat.In syin athy with the other markets a slight decline is notic able, but there is nothing of importance to chronicle
DOCKS, WHARves and GodOWNS.-Hong- kong and Whampoa Docks continue quiet, and
We
an upward tendency. hanghai Docks after ruling steedy at 80, have declined to 78, Hong- kew Wharf close at 148 in the North.
LANDS, HOTELS AND BUILDINGS.-Hong- kong Landa bave weakened a little and several small sales have taken place at 106 cum, and at 1024 ex the div of $34 paid on the 3rd inst. At time of closing buyers at the latter rate rule the market. West Points have found
buyers at 44 ex the div of 82 paid on the 3rd ins. Hongkong Hotel have improved to 74 and 44 for old and new shares respectively with- out business Humphreys close with sales at 91. COTTON MILLS.-We have no changes or business to report under this heading.
RUBBERS. A fair business has been done under this heading from which we report the
No comments yet.
Private notes are available after approval.