150
IMPORTS:-
COMMERCIAL
RICE.
HONGKONG, 16th August:-There have few arrivals; the prices are advaveing, Saigon, Ordinary
"
been
Round, Good quality Long..
Garden,
J1
."
White,
11
Fine Cargo
$5.00 4.97 5.10 Siam, Field mill cleaned, No. 2... 5,05 to
5.10 No. 1... 5.00 to 6.13 6.15 to 5.20 6.23 to 5.35
$4.95 to 1.90 to 3.5 to
*
JAPANESE MARKET.
Kobe, 29th July.-Cotton.-American.-Prices have shown heavy fluctuations since our last report, quotations having receded as much as Yen. 3.30 during the early part of the past fort night, owing doubtless to favourable weather prospects over the Cotton belts, Later advices, however, show a slight recovery in rates, which close steady. “Forward " Middling is given at Yen. 39.30 but no transactions have been done owing to the unsettled state of the erep, and to uneasiness regarding prices. "Spot" is nominal at Yen. 36.25. Indian.-Prices have not been much affected by the drop in American rates, quotations having beon mittained on a high level, more especially for "spot" in Bombay, owing to short stocks in the home market. În consequence no business of importane has trans- spired. Spot locally is quiet due to the drop in prices of American cotton,olders, however, are not disposed to sell at low rates. Clo-ing prices are: Bengal Yen. 2900; Akola Khanguam Yen. 29.50; Broach Yen. 3100 nominal. Chinese. The condition of the new crop is reported to have recovered somewhat, but business in this direction is altogether ignored. There are furthermore no old stocks for sale, Quotations are: "Best" Yen 3000; “Common Yen. 28.00. Shirtings --Spt market continues to improve, a little pinch hoing felt in a standard cloths which has brought out a few orders for early shipment. Cotton Goods and Faucios, - There is small undercurrent of new busine-s, but market generally shows no particular change.
Worsteds and Woollens. As the Autumn season approaches the market shows signs of more promise. New business is practically non-existent. Metals.-Market much depressed by the fall in galvanized shee's following the collapse of the syndicate of dealers in all kinds, of metals-who had promised to refrain from making fresh contracts.—Cane,~Raw. — Java.—Quiet. Formo- sa.-Market has improved slightly. Osaka Re- fined-At the auction held by the Trust Sale Office on the 23rd instant 3,500 bags Osaka sugar, 1,000 bags, Yokohama and 1,000 bags Kobe manufacture were disposed of at prices shewing
an advance of from 5 to 15 Sen. Rice.-There is no business being done, and the market is weak.
PIECE GOODS.
Messrs. Noël, Murray & Co. in their Piece Good Report, dated Shanghai 6th August, 1909, state :- It seems that we are now in the midst of the dull, hot period that is usually associated with July, which still carries out the theory of a late season this year.
If that is so there may be a better chance for a satisfactory Autumn demand, the possibilities of which have not put in any appear. ance as yet. Mean-while the market remains in a deadly dull state, no sales of any importance being made from first hands. The continued hot. weather may account to some extent for apathy being shown by buyers at the moment, causing as it does great anxiety concerning the standing crops. We learn from Native sources, however, that the crops in Shantung are turning out much as better than expected at first from their stunted appearance, as although the stalls are dwarfed the ears are large and full. It is to be hoped this may be the experience in other parts of Country. Very conflicting news comes from Manchuria. There are many reports of serious flools in popu- lous neighbourhoods, while on the othe hand it is reported the crops as a whole are in excellent condition and nearly ready for harvesting. If other conditions were as favourable to Foreign trade there would not be much to complain about, but the dominance of the Japanese interests all over the country is so marked, fostered as they are by banking and transport facilities, other goods are getting a very poor show. There is rather less anxiety regarding floods at Hankow and other River Ports, but orders for fresh sup- plies are very slow in coming down. Clearances and shipments of former purchases, including Auction "Cargo, however, are going on quite satis.
THE HONGKONG WEEKLY PRESS AND
TEA.
[August 16, 1909.
Fоосноw, 6th August.-The following settle- ments have taken place during the week- Congous.-2,990 half-chests, Souchongs.-1,975 half-chests, Scented Teas.-990 boxes, Flowery Pekoes-133 chests.
The Tea Export from commencement of Season to date has been :--
Total lbs, Austria. France Germany Holland
London Russia
Other Countries. South America Australia & N. Z. U. S. & Canada South Africa
Coastwise Southward Cosatwise Northward Total Shipments..
MISCELLANEOUS
392,813
479,560
1,808,127
695,434
2,277,690
166,580
201,075
17,288
294,897
589,220
1,104
37,131
274,514
7,296,033
EXPORT.
Messrs Arnhold, Karberg & Co.'s Fortnightly Produce Circular, Dated Shanghai, 30th July.— Gallant-A small business in new seasons Gall- nuts has been done. Cowhides.-Season closed. Tobacco,—Nothing_doing.
Feathers.-Market
factorily to most of our dependencies. Since Manchester elected to adopt short time prices have steadily stiffened there and widened the margin between that market and this in staple goods, the advance in some classes being as much | as fifteen pence. Prospects here do not warrant any such enhancement in prices on this side, so transactions are likely to be much curtailed. The raw staple is being manipulated on the home markets in an extraordinary manner, and points once more to the influence of the gambling ele- ment. During the interval Mid-American has been up to 6.801, in Liverpool and 12.60 cents in Now York, to-day the quotations come 6.60k, and 12.12 cents respectively, and this in face of the Buroau reports of 71,9 as the condition of the cron at the end of July. The latest quotation for Egyptian at. Liverpool was 9d. The Manchester export for last juouth of Plain Cottons was forty million yards to Hongkong and China, a very fully sup- Ply Dyed and Printed goods are also heavy, namely 13.400,000 yards and 2,700.000 yards re- spectively. Shipments of Woollens and Yarn are a good deal over the average. The activity in the Yarn market is the most refreshing feature at present, with prices soaring away above any- thing that was thought possible a short time ago. When it is considered what these Spinnings lay down at when they reach their destinations it would have been thought the woven article would have had the preference. It is not report-
quiet. Cotton. Too early to procure offers. ed that the great Fire in Osaka has caused any loss or interruption in the Yarn trade. The Tallow.-Market firm and enquiry small. Wood Local production is holding its own.
Business | Dil.-Is in demand and prices keep strong. privately during the interval has been practically Sesamumseed.-Reports about the new crop are Straw Braid.-Calm all round. at a standstill, two whole day Bank holidays satisfactory. not conducing to fresh transactions owing to the Goatskin Rugs.-A fair business has been tran- sacted at Tientsin. Wool. Sheeps. The absence of Exchange quotations. An event of
demand is brisk with little offering. some note may he recorded in the arrival here of the newly appointed Viceroy of Nanking en route for his post. It is to be hoped that as he counos from Canton, which is usually credited with more up-to-date and progressive ideas, that less obstruc- tion will be shown to the laudable efforts of foreign traders here to improve the commercial stituation, and more especially do away with the obstructions that prevent the local Railway from having full scope and facilities for working for the benefit of Native and Foreign trade alike. The transactions that have taken place are alto- gether of a retail description in goods from stock, there being no special or regular demand for any particular thing, the business passing bing merely to fill hand to mouth orders. In staple makes it is quite impossible to touch home prices, but a few indents continue to go through for Fancies, mostly of special designs and makes, American goods, though during the last day or two rather more enquiry has sprung up. It has not led to much so far, as holders are trying to establish. l'epperell Drills have been resold a Tls. 525, and Buffalo A 3 25 yard Sheetings at Tla. 37 and T. 4.10 and at the close it is rumoured at Tls. 4.45. Small parcels of American Cotton Flannels are also changing hands. A glance at the Auction details will give the best idea of the state of the market. There is scarcely a redeem- ing feature in either Cotton or Woullens goods.
EXPORTS:—
JAPANESE MARKET. Tea.-Settlements to date amount to Piculs 28,500 against piculs 34,40 to the same date last year. Copper-After a considerable period of dullness a sudden revival of business was seen, due to the advance of home quotations on the 23rd and 24th inst, and several large parcels changed hand; since then, however, market ha- fallen into its former inactivity. Holders are again well supplied with contracts and therefore are not inclined to make concessions. Fish Oil-Prices considerable advance owing to experienced a large transactions for export. Rica -The weather being very favourable to the growing crop, there seems to be every indication of a good harvest, which has given an easier tone to the market, and prices are declining. Cotton Yarn.-The prices
on the market Bourse show a decline whilst mill For expor: there is no quotations are firmer. enquiry at present rates. Vegetable Wax. -Neglected, prices weak. Matting.-Situation unchanged, Stocks of desirable quality scarce. The new rush is already being taken in, and is reported to be very good. Straw Braid.-A little less demand was noticeable for this during the past fortnight, although prices were well main- tained. Chip Braid.-Further enquiries have been received and quotations have hardened in consequence.
CAMPHOR,
HONGKONG 16th August:-The above market is at a standstill, and prices remain as last quoted.
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HONGKONG SHARE QUOTATIONS.
HONGKONG, 13th August 1909.—Our market continues dull with no special features to report. Rates remain steady but in the absence of bu siness somewhat inclined to weakness. Exchange on London T/T, 1s. 8d. on Shanghai 747.
-
BANKS. Hongkong and Shanghais with a further demand have improved to 31030 with sales, while the London rate has gone up to £95. At the close sellers rule the market at $1030. Nationals have advanced to 65 without sales.
MARINE INSURANCE.-Unions remain un-
changed at 840 without business closing with sellers. Cantons are reported to have been sold at 190. North Chinas changed hands at Tls. 120 and close steady at that. Other stocks under this heading call for no comment.
FIRE INSURANCES.-Hongkongs are in de- 'mand at 345 but we have heard of no sales, Chinas have been placed at 115 closing steady.
SHIPPING.-Hongkong, Canton and Macaos have ruled weak and sellers at 31 ex the div. of 811 paid on the 10th inst, have met with no response. At time of writing a sale has been made at 31, the market closing with buyers at the latter and sellers at the former rate. Indos have been placed to the North at Tla. 43 and close rather firmer with reported sales in the North at 45. Star Ferrys (Old) have found Shells are in strong demand at 73/ buyers at 26, but we have heard of no sales and no shares appear to be available. China and Manailas are entirely neglected.
REFINERIES.-China Sugars in the early part of the week deciined to 140 but some fair sales were effected at that rate, towards the close however on the report that no interim dividend would be paid, the market weakened and at time of closing sales have been måde at 139 for the end of the month and sellers at 128 cash rule the market. Luzons have improved after sales at 181 and 19, to 20 with buyers.
DOCKS, WHARVES AND GODOWNS.-Hong- kong and Whampos Docks continue steady with small sales at 61 and 62, closing at the
latter rate. Kowloon Wharfs after several sales and a firm market at 60 olose weaker with sellers at that rate. Shanghai Docks remain about the same in the North at 70, Hongkew Wharfs after touching 150 close at 145. This Company has declared an interim dividend of 'fls. 3 per share,
LANDS, HOTELS AND BUILDINGS.-Hong- kong Lands continue steady with buyers st 1023 and no sales to report. West Points have found farther buyers at 44 and Humphreys at 94.! Hotels continue in demand at quotations but no sales are reported. Shanghai Lands have improved to 119.
COTTON MILLS.-Ewos have slightly_adv- anced to 135. Internationals and Laou Kung
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