i
498
IMPORTS
COMMERCIAL
RICE.
HONGKONG, 6th December :-The prices are further declining, the market being dull:- Saigon, Ordinary
"
Round, Good quality Long....
$5.00 to $5.05 5.10 ... 5.05
5.20
Siam, Field mill cleaned, No. 2...
22
53
6.15
"
49,5
5.00
"
22
Garden,
No. 1...
5.20
5.25
"
"
White,
12
Fine Cargo.
5.25 5.40
5.30 5.45
OPIUM.
Quotations are:-
Halwa New
Halwa Old
Malwa Older
Malwa Very Old .... Persian Fine Quality Persian Extra Fine
Patna New
Patna Old
Benares New
Benares Old
r
HONGKONG, December 4th.
$1,300/1,350 per picul. $1,360/1400 do. 81,410/1,430 do. $1,440/1,460 do. ..$1,100/1,200 do. $1,250/1,300 do. $1,390
$1,375 .$1,420
3
PIECE GOOLS.
per cheat.
do. do do
THE HONGKONG WEEKLY PRESS AND
Messrs, Noël, Murray & Co. in their Piece Goods Report, dated Shanghai, 26th Nov., 1909, state:-. Judging by the Auction results, which is really the only tangible evidence to go on, the market is certainly quieter There is still a good en uity, but at impossible prices, which even the second- hand holders now see, and consequently very little is changing hands at the moment and c'ear- ane e are of course falling off. How long this is likely to continue it is not possible to foretell. Many think that the limit of price has now been reached, but that is equally impossible to decide, and so long as satisfactory prices are paid for export produce there so to reason to antici: ate a serious decline on Imports. Nothing has yet come forward to take the place of Cotton goods as a wearing material, and initial cost of the hom - made article is just as much enlrnced by the univer al rise in the price of Cotton as are im- ported fabrics, and it is self-evident that the consumption cannot suddenly stop or be supplied by home woven cloths. It is equally unreason. able to expect that values will go up by leaps and bounds, as in the case of the producing markets, but the inexorable law of supply and dem nd must prevail and prices are bound to adjust themselves to the circumstances of the case, even to the extent of permitting Importers to get back some of the losses that long held goods stands in for, if it is possibe to keep them off the market a sufficiently length of timel nger. It is undoubt- edly true that the liquidation of old stocks has gone on much more r pidly than is generally realised, and a tight corner is already in sight with certain classes of goods. The uncompromis ing positi n of the Home markets almost forbids the indulgence of forward buying, and i is unquestionably true that no great quantity of available crgo is coming out, for the Spring trade Operators in Yarn are grasping this fict and are rapidly coming to the conclusion that now is the time to secure forward supplies, and although undoubtedly current prices heie of imported Spinnings are much nearer the parity of Tome costs than is the case with woveu goods, it cer- tainly equiries a great deal of nerve to negotiate such large quantities, as have recently been reported as settled for this market, at almost phenomenal prices. Manchester is strong, with quotations that for the most part are prohibitive, Stil some manufacturers are ba ly in want orders to ke p their Mills going even for the three and a half days a week some are reduced to, and are willing to accept as little is fourpence a piece advance on September prices, for January/February shi ment. It is very doubtful, however, if this market ever got near to tho e September prices, so it probably means an advance of some six or seven mace, if not more on those now nomina ly current. Cotton in Liverpool has fluctuated in narrow limits during the interval, Mid-Ameri- can coming yesterday, which is the latest we have. heard of, 7.73d Spor, and 7.58d February/March option. Egyptian is unchangei at 11d. The New York market for goods seems to have left the pale of operators he:e, and one seldom hears of quotations. Raw Cotton is easier, however, the quot tion for March coming this morning 14.68 cents. The Yarn market here appears to know no bounds, all kinds commanding very high prices, though from the rather less freedom with
|
which they are being cleared their dearness is curtailing the consumption. In both Indian and Japanese spinnings, however, considerable for ward contracts have been booked for arrival in the Spring. Owing to the covering operations of short sellers prices have been rushed up for the Native raw staple to very high figures and Mill owners are therefore contracting for Indian Cot- ton rather freely.
EXPORTS:--
MISCELLANEOUS EXPORTS
[December, 6 1909,
CAMPHOR
HONGKONG, 6th December -The boyo market is at a standstill, and prices remain as last quoted.
HONGKONG SHARE QUOTATIONS
HONGKONG, 3rd December, 1909.-The market continues dull, inactive, and featureless with an incipient tendency to weakness, in all socks but a very few. Exchange on London closes at 1/87 demand, and on Shanghai at 75 T/T.
BANKS.-Hongkong and Shangha's have changed hands to a limited extent at 995 and close steady at that rate. The London quotation remains at £91. Nationals are enquir- ed for at 65, but we have no business to report.
MARINE INSURANCES-Unions continuing in demand have further improved to 8880 with buyers after sales at 865, 870 and 875. North Chinas are enquired for in the North at 110, but we have no local business to report. Other stocks under this beading remain unchanged and without business.
Messrs. Arnhold, Karberg & Co.'s Fortnightly Produce Circular, dated Shanghai, 19th Nov. Gallnuts.-Market firm. Demand from Home slackening. Cowhides.-Market somewhat easier. uyers seem disinclined to outbid each other, as wa the case at the beginning of the season, T bacco.-Crop small, but of good quality. Feathers, Markét quiet. Cotton-The high prices are maintained. Every Picul coming to the market goes again-t Contracts for shipment Prices to Japan. Tallow.-Excellent 'demand.
Prices are rising. Wood Oil.- Fair demand. for near delivery very firm. Sesamum Seel.- Home markets weaker owing to cheap ffers from India. Our market has not followed sut and remains firm. Strawbraid.-No demand. Market decidedly weak and declining. Go tskin Rugs - Market quiet. Exports during Oc'ober amounted
SHIPPING.-Hongkong, Canton and Macsos to 40,000 pieces to America, 25,000 piece to England and 85,0 0 pieces to the Continent. changed hands at 34. and more shares are wanted at the rate without bringing ut any Wool-Sheep.-The strong demand for all des
Indos rem i neglected at 60, cription continues, Everybody is waiting for further sellers.
Shells have im- Arrivals of Szechuen Wool next month. Anti-ud at Tls, 43 in the Nor b.
proved in London to 69/3, and there are local mony.-A good demand. Market very firm.
́buyers at 69/6. Other stock. ander this head- ing call fo. no remarks.
:
HANKOW, 24th November-The prices quoted are for the net shipping weight excluding cost of packing for export :-
Per picul
Tls. 45.50 Cowhides, best selected. Do. seconds...
white
Buffalo hides, best selected Goatskins, untanned, chiefly
colour, Buffalo Horns, average 3 lbs, each ... White China Grass, Wuchang and/or
Poochi
White hinaGrass,Singhau and/orChayu Green China Grass, Szechuan Jute
White Vegetable Tallow, Kinchow White Vegetable Tallow, Pingchew
and/or Macheug
White Vegetable Tallow, Mongyu Green Vegetable Tallow, Kiyu.......... Animal Taillow
Gallnuts, usual shape.. Gallnuts, plum do. Tobacco Tin chow Tobacco, Wongkong.
lack Brist es, Feathers, grey and/or white Wild Duck Turmeric .....
esamum Seed Broad Beans White Peas Sesamum Seed Oil Vegetable Tallow Seed Oil Wood Oil Tea Oil
33
"
>
41.00 25.00
?
FIRE INSURANCES.-With the exception of sles of Chinas atli4 we have nothing to re- port under this heading.
REFINERIES-Sales of China Sugars have been off oed at 160 and 159. the market On time ales I sing a little easier for cash. have b -n mad↔ durig the week at 164 and 165 tur March and 161 for i ec, mbr se t'ement. Luzons remia nuchanged and withon basiness. Peraks are quoted in the North at 355 buyers.
+
MINING. With the excep iod of Langkats, which after having fallen to 690 daring the 10.00
9.20week, are now quoted at 73 buyers, we have thing to report under this heading. Sales of Chinese Engineerings at 191 are reported fm the North. Raubs rem .in neglected and weak at quotation.
22
4.60 12.00
J
11.25 11,70 15.60 18.25
5.35 2.10 2.20
23
1
9.00
"
I
Per M. M. steamer Armand Behic, sailed on the 23rd November, 1909. For Lyons-250 þales raw silk. For Marseilles-55 bales raw si k 150 bales waste silk, 553 rolls maiting, 162 cases pr visions, 85 packages human hair, 15 cases feathers, 35 cases hats, 22 cases sundries. For
Havre-9 cases sundries.
Per P. & O. steamer Assaye, sailed on the 27th For Manchester-200 bales November, 1909. waste silk. Fo Lyons-482 bales raw silk. For Milan-20 bales raw silk. For Havre-1 case silk. For Marseilles-350 bales waste silk, 10 bales raw silk, i case silk embroidery, 1 case bird fothers, 10 cases human hair. For London-24 bales waste silk, 628 packages ten, 1 5 bales raw silk, 5 cases silks, 2 cases hats, 1 case lacquer teapoy. For Gibraltar-2 cases silks.
Per P. & O. steamer Namur, sailed on the 2nd
For
December, 1909. For Manchester-50 bales waste silk. For Glasgow-4 cases chinaware. 18 cases woodware, 10 bales straw cuffs, London-50 bales waste silk, 1,552 packages ten, 38 cases chinaware, 15 casks pre erves, 1,045 cases preserves, 54 bales cane, 416 rolls.matting, 45 cases p/effects curios, 50 bales feathers, 20 packages provisions, 4 cases hardware, 1 case plane,
|
DOCKS, WHARVES & GODOWNS.-Hong- kong and Whampoa Dooks continue out of favour and the rate has declined to 51 with
liers and without business. Kowloon Wharfs re quoted at 62 with 8-llers and we have no sa es to report. Shanghai Docks nd Hongkow Wharfs have ruled very steady in the North at 76 and 128, respectively.
LANDS, HOTELS AND BUILDINGS.-Hong- kong Lands have found buyers at 103, and close eady at that. West Poin's continue in a smll demand at 44, but no shares are forth- c. ming to meet the demand. Humphreys con- nue to be rather free y offered at 9. but no sales result. Hotels are still enquired for at quotations, but we have heard if no sal s.
T
COTTON MILLS-Ews are quoted in the North at 129 ex the dividend of Tls. 11, Internationals at 77 ex div. of 7 Tis. to 106 Lou Kung Mows have declined
1
ominal, while Soy Chees have improved to 3:0. Honkongs have found buyers at the sightly improved rate of $6.10 after further. salts at 6.
RUBBERS. The market has been a little more lively, and a fair business has been put through. The demand is b-coming more of an iuvestment, and less of a sp cul five nature han has been the case hitherto, and as such the market is in a sounder condition than it has been for some time. Eusiness during the week includes sales of Kamunings at 3/1 and 3/3 prom, Linggis at 24/ cum div. of 6d. just declared. Balgownies a 674, Ledburys at 43/9, 41/6. 45/ and at the close at 48/9, Castlefields at 5/6, Anglo-M»lays at 11/3, and P-jams at 7.80.
Highland and Lowlands and Kuala Lumpurs are wanted on the London market, but
here are on local sellers at quotations.
MISCELLANEOUS:-Greed Islands have chang-
ed hinds at the reduced rate of 7} and remain on offer at that rate at the close. China Provs., China Ligh's and Electrics have been placed at quotations. O her stocks under this heading show no changes and call for no comment.
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