238
IMPORTS -
COMMERCIAL
RICE.
HONGKONG, 13th September:-The quotations of the market are nearly the same as when last reported.
Saigon, Ordinary
1
Round, Good quality. Long.......
"
.
$5.00 to $5.05 5.05 to 5.10 5,10 to 5.15 5.05
5.20
Siam, Field mill cleaned, No. 2... 5.60 to No. 1... 5.15 to 5.30 to 5.45 to
33
"
Garden, White,
Fine Cargo
1
OPIUM.
5.50
THE HONGKONG WEEKLY PRESS AND
foisted on the people greatly above their intrinsic; valu) except at a big discount. It will be curious to see how the powers that be manage to get over this anomaly. Manchester is strong with prices anywhere from a shilling apiece upwards over these current here. Liverpool Cotton has fluctuat- ed within narrow bounds, having been up to 6.85d, | but comes this morning 6.801, yesterday, when at the former figure 6.64d, was quoted for Septem Egyptian is ber and 6.59d, December/January. firm at 9d. The August export figures are not yet in, neither is the news of the August condition of the American crop. The New York market. continues very strong, 3 yard goods being quoted 118. 2d. The Cotton quotations are 12.38 cents for October, 12.44 cents for November, and 12.45 cents for December option. Bombay is reported as flat, with no business doing to speak of Cotton rates for forward delivery are a little easier, buying for 5.35 Japan having been done at Tls. 23.25/23.80) for Tungchow November/December shipment. The market book is again a blank so far as transactions from first hands are concerned, but we have heard of the sale of 50 caves good White Shirtings, that were cheaply bought, at a price that gives bare commission. Holders are complaining bitterly ċ
of the dulness of the market. A fair amount of re- sales, chiefly American makes, are going on, prices showing some firmness. In Drills we hear of Enoree F.F. at Tls. 4.50, Pacolet at Tls. 5.00 and Pepperell at Tls. 5.27. In Sheetings Loray A. and Abbeville, at Tìs. 4.721, Sapesa at Tls. 4.82}, Orr 2.85 yds. at Tls. 4.873, Indian Head Tle. 4.97), and Buck's Head Tls. 5,05. There is a good de mand for American Shirtings and uffalo LL are said to have been done at Tls. 4,70 and 4.70 yard goods at Tls. 3.35/40. Cotton Fiannels are selling in retail quantities at steady prices. At the Auctions prices have not shown much regularity, even with similar goods, greys and whites being very much in and out, a glance at the detailed lists being the best way to form an idea of the trend of the market. Turkey Reds were weaker in some chops and firmer in others, and the same may be said of Fast Black Italians, but Venetians were rather firmer, Woollens show a drooping tendency.
HONGKONG, September 11th.
Quotations are :—-
Malwa New
Malwa Old
Malwa Older
Malwa Very Old
Persian Fine Quality
.$1,150/1,180 per picul. ..$1,190/1,220 do. .$1,230/1,260 do. .$1,270/1,300 do. ..$1,100/1,140 do. $1,000 1,050 do. ..$1,070
Persian Extra Fine
Patna New
Patna Old
Benares New
.$1,060
Benares Old
..$1,000
PIECE GOODS.
per chest.
do. do, do
Messrs. Noël, Murray & Co. in their Piece Goods Report, dated Shanghai, 3rd Sept., 1909, state:-- Allthough Exchange has ruled rather stronger than when we closed our last there is a great deal of dubiousness in the minds of all as to whether a further rise may be expected or not. This has forced operators to continue to hold off, with the consequence that another week of practically stagnation has passed. Nothing more serious has occurred to cause us to change our views; we still expect to see a good demand spring up in the near future, although circumstance, such as the unexpected advance in Exchange, may defer it for a few weeks. The hot weather is scarcely over yet, and many of the dealers are still away, but those that are about are keeping in regular touch with the Import houses, but the discrepancy be- tween the ideas of sellers and buyers is still very marked. As regards the future the situation is almost unique. Forward business for the Spring is quite out of the question at present and no one seems inclined to encourage it with the present uncertainty regarding Cotton-even Manufac turers could not do more than quote fancy prices to be on the safe side. The prospects are, there- fore, somewhat consoling to the holders of old stocks, for the supply must be considerably re- duced during the next few months when the orders for the Autumn trade run out, But it is the un- expected that always happens, and it may possibly turn out that the sanguine buyers here, to whom the heavy shipments of the last few months are coming, have provided for more continuous sup- plies. There must be a fairly full quantity of Fancy goods under order, judging by te numer- ous, though small, perhaps, indents that have gone through during the past two months. It is also. pretty generally understood that the Auction houses have laid in their requirements for some months ahead, so that these are two factors that have to be reckoned with, but what we have written applies more particularly to Manchester makes. The Americ n goods that are here and on the way are most certainly more safe-guarded as regards fresh supplies, and, if they are ever going to re- gain their position in the trade, the next few months should give them their opportunity. A significant incident which has occured not two hundred miles from here, and in all probability will soon spread over the Country, is the trouble that is commencing in the collection of taxes, the Authorities refusing to accept payment in the so- called "copper" tea cash coins (that have been
EXPORTS :-
TEA.
Foocnow, 3rd Sept. The following settle- ments have taken place during the week:- Congous-2,039 half-chests.
Viz-148 half. chests Paklum, 468 half-chests Panyong, 864 half- chests Yung How, 78 half-chests Saryune, 452 half-chests Seu Moo, 29 half-chests Dust and
Broken Leaf. Souchongs, -511 half-chests, Scented Teas.-360 boxes, Flowery Pekoes.-262 chests,
|
[September 13, 1909.
Per P. & O. steamer Devanha, sailed on 4th September 1909. For Hamburg-20 cases human For hair. For Manchester-75 bales waste silk. St. Etienne-5 bales raw silk. For Lyons-215 bales raw silk For Marseilles--400 bales waste silk, 20 bales raw silk, 3 cases bird feathers. For London-268 bales pierced cocoons 1 case silk, 85 baleg raw silk, 930 packages tea, 2 cases bird feathers, 81 bales waste silk, 2 cases bamboo hats, 2 packages dried ginger, 2 packages dried lychee, 3 ca es clothing and curios, 2 cases bamboo ware
Per P. & O: steamer Sumatra, sailed on 9th September, 1909. Antwerp-19 bales rags, 10 bales feather. Glasgow-20 cases Chinaware, Barcelona-$15 roles matting 1 package tea samples. Havre-15 hales Marseilles-300
raga. bales waste silk, 1 case bamboo hats, 5 bales human hair. London-224 cases reserves, 9 cases china- ware, I case woodware, 35 rolls mats, 5 cases bristles, 13 pkges, cothing, 9 pkges seamens clothing, 4 cases empty cylinders, 225 casks ginger, 2 cases cigars, 8 cases hats,
1
HONGKONG SHARE QUOTATIONS.
HONGKONG, 10th September, 1909.—Business in local stocks continues dull and we have but few transactions to report. Rubbers also show a slacking off and not many have been dealt in. Exchange on London T/T 1/87, on Shanghai 743.
BANKS. Hongkong and Shanghais, with the exception of sales at 1,000 and later at 995, we have no business to report, the market closing with sellers at the former rate.
MARINE INSURANCES.-North Chinas have further receded to 118 and Unions have been placed at 840. Beyond this we have nq changes or business to report.
FIRE INSURANCES. Some small sales of Hongkongs have taken place at 355, and the Chinas con- market closes steady at that rate. tinue at 115, without any business to report.
SHIPPING.-With the exception of Shells which have receded to 71/-, and China and Manilas, which have been done at 84, we have no changes or business to report.
MINING. Raubs have slightly improved to 84, with small sales on the rumour of a likely Langkats, dividend at the end of the year. after reaching 1,060 in the early part of the week, fell to 1,025, and close at 1.030. Chinese The Tea Export Summary from commencement Engineerings remain at 184 with sellers in the of Season to date:
North.
Austria. France Germany Holland London Russia Other Countries. South America Australia & N. Z..
Total lbs.
440,494 627,663
2,265,997
726,631
2,729,708
166,580 337,870 117,117 643,785
U. S. & Canada South Africa Coastwise. Southward Coastwise Northward Total Shipments....
1,007,269
CAMPHOR
53,126 43,880 420,812 9,580,284
HONGKONG, 13th Sept. :-The above market is at a standstill and prices remain as last quoted.
MISCELLANEOUS EXPORTS.
Per M. M. steamer Tonkin, sailed on 31st August, 1909. For Marseilles-151 bales raw silk, 50 bales waste silk, 50 cases tea, 25 Fales hair, 17 cases hats, 9 cases feathers, 10 cases ylang ylang, 3 cases silks, 13 cases provisions, 3 cases dogs. For Lyons-250 bales raw silk. For St. Etienne- 15 bales raw silk. For Milan-2 bales waste silk. For Havre-76 cases tea, 218 cases porcelain, 20 cases cigars. For Bordeaux-100 cases cassia.
REFINERIES.
&
China Sugars have been placed during the week at 147) for cash and at 1524 for December, the market closing steady at 147 cash. Luzons in the early part of the week were negotiated at 29, but the rate has since fallen to 26 with sellers, and no buyers pver 24.
DOCKS, WHARVES AND GODOWNS.~Hong- kong and Whampoa Docks have changed hands in fair lots at 62, and 614, closing quiet at the Kowloon Wharfs, after further latter rate. small sales at 60, improved to 61 with sales Shanghai Dooks have advanced to 80 in the North, and Hongkew Wharfs, after reaching 150, close at 148.
LANDS, HOTELS AND BUILDINGS.-Hong- kong Lands have been a steady market with sales at 104 and 105, closing with buyers at the former and probable sellers at the latter rate. West Points have been dealt in to small extent at 44. Humphreys have continued on offer at 91 and some sales have been effectel at a little under that rate. Hotels remain neglected. The Company has declared a divid- end of $2.40 for old and 400 for new shares, payable on the 13th inst. Shanghai Lands continue firm with buyers at 119.
COTTON MILLS.-The latest quotations by wire for Ewos and Soy Chees are 138; and 440 respectively. Other Shanghai stocks under this hesting are quoted from the last circulars. Hongkongs have declined to 7 with sellers.
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