December, 24 1909.
YARN.
HONGKONG-Mr. P. Eduljee, in his Report dated
23rd
ec., states:Unfavourable advices from Shanghai have greatly disc urged the few large. native operat rs who were keeping up the market for the past few weeks, and only a paltry business has been done during the interval, as noted at fot. Prices have declined fully $2 per bale, and holders will be willing to yield to till greater concessi ns if any large quantity could be placed, but for any thing beyond actual requirements dealers will not offer at any price. For the last few days business is at a complete stand-til and the mar ket closes weak and unsteady. Homi Hy continues strong Exchange on India closes to-day at 8. 138 for T/T and R-. 13" for. Post. Sales of the interval gregate 1,215 b les, arrivals am un! to 3,802, unsold stock estimated at 14,000, and sold but unclear d bales in second hunds about
bydds 21,000 bales.
+
CHINA OVERLAND TRADE REPORT
PIECE
GOODS.
!
Messrs. Noël, Murray & Co,An their Piece Goods Report, dated Shanghai, 17th Dec., 1909, state:~ With no demand whatevel for the North and Hankow still ho ding off the demand here is decidedly slack. There is a fair amount of inquiry by dealers who are looking out for bargins, for forward delivery chiefly, but Importers prefer to take the risk of the market themselve, and are only willing to sell for p ompt cash very little of which is forthcoming for fresh trans clions, though we understand that when pr s ed old pur hases re being paid for, th ugh the goods are not cl. red. The full quantities, which continue to be put up at the Thursday Auctions, have somewhat of a depressing affect on the gen- eral market, though prices freye and some of the Whites showed a recovery to-day. Holders, oth native and Foreign, are very firm with merica: goods and decline to sell except at à substantial advance. We underst nd some hayə ben booked by native specalators from first hande, but are unable to get an paticulars. The Subjoined is a brief summary of the Indi n
Vanchester market is uncha ged audit is very yarn trade during the last twelve months. Im-
difficult to get anything though at all approximate to 227,108 ba es
Cotton has taken a sudden porta to amount
to prices ruling he e. 48. against 210,275 last year showing increase of 16,823 bal 8, upward fight during the interval, Liverpol while sales aggreg te 138,591 bales, as against qu ting 8.261. for Mid American, but it hsi 151,243 in 1908, showing a decrease of 12,652 boles.
rece led to 8.01d, at the cose, Egyptin hs This decrease may be party attributed to the participated in the upwd in vement but has abae ce of any material de and du ing the last dropped from 133d. to 131d 0-day. In New York tw months, owing to very high prices demanded the price has fluctuated considerab y, but the by holders and partly to the increasing competi
quotation for March rece ved o day, namely, 15.35 tion of Japanese and Chinese yarn, as also of
cents, shows some recovery since yeste day. The Japanese cheap cloth in the consum ng destricts.
last of the known-shipments of dom st es fr understand, The year opened with a very slack demand nd
this market is due here to-day, w
o far as I dian on y a paltry business was effected in January, The Yar market is at a stan still almost the whole of the month being taken up
spinnings are concerned, à d the unf vourable with the Fettlement of accounts and the festivitics
position here in that respect has caus d a quieter of the Chin New Year. On resumption of ba i-
feeling in Bombay, though the m 1s the e are ness in Febru ry considera le e tleme t were still eluctant sellers. No for her forward busi- mide, and with occasional assist: nce from Sheng.
uss is repo ted in these or Japanese įroducti»n<, hi the enquiry continued more or ess active till
and Local Yarns me sogging. The Native otton the end of arch when prices showed an ap-
market is rather firmer, partly on count of a We preciation of $1 to $7 per bale, and nearly 31, 00
evere loss by fire in a pucker's gd wa, bales passed into consumption, exchang · on India
have herd of abso utely no transactions either from first or second hunds, in either English or fluc ua'ing be ween Rs. 130 and Rs. 132. D ring
Am rican makes. For th latter the greater part of pril the.rket remained
quo ations quiet, but at the end of the m nth another brisk remain about the same, and possibly retail lots demand from the country set in, lasting with but
are changing hands at them I quiries for Fancy. litt e intermission till the end of Ju e, resulting Good from private ho ders have cased ow ng to in a fu ther advance of 1 to $3 per bae in price and with the uncertainty regarding future tion the uneasiness felt at the large Aucti n offerings, and sales of over 35,000 bales. Under o dinary circumstances sales and price would have shown
In that di ection buyer are acting cutiously. a considerable in rease but for the sharp rise in
The clearance from all accounts leave a great deal to be desired. silver during May and June, which not only cur tailed business but checked the upward tem leney, of the market. In July the rising tendency in exc a ge gave place to a weaker tone and simul- taneou- rumours of .. short cotton crop in America enc uraged dealers to reappear in the market in great force. Buying was now esumed w th more or les vig ur throughout July and the greater part of August, when exchange showed signs of an advance and a temporary depression was caused in the market, lasting throughout Septem- ber. On the whole, however, the third quarter came to a close with a satisfactory experience, the gain in values amounting in some instances to $5 per bale, over 40,000 bales changing hands, while prospects ahead appeared encouraging. October set in with a strong genera enquiry consequent on the violent fluctuations in the American cot- ton, and about 22,000 bales changed hands, prices). showing a further advance of $1 to $3 per bala. Business du ing the last two months has dwindled into a minimum, wing to almost pro ibitory prices now ruling, and the year closes almost lifeles with a meagre stock of 14,000 bales to be carried forward In the begi ni gf the year best No. 10, were sold at $109 and Nỗ. 20. at $.30. They are now quoted at 126 and 145, respectiv-ly, exchange on Indi fu tunting be- tween Rs. 128 and Rs. 133 throughout the greater part of the year. Although sales during the year show no improvement over hose of the previous twelve months, the trade as a whole, so far as Hongkong i concerned, has been remunerative. With cheap cotton, ste dier silver, and incessant rise of prices throughout the greater part of the year, more than cove ing prices have been ob- | ON tained, and if invoice costs are any guide to resul s the profits are more or le considerable and commensura e with the extent and volun e of the transactions. Our native dealers have not fared badly. Prices have been steadily rising throughout the greater part of the year and the coun ry demand has been responsive. On June 30th, 1908, there were in all India 241 mills working and in course of construction, f which Bombay Island alone claimed 86, runni g 2,736.483 spindles and 35,97 looms, and employing 101,536 hands daily.
556
SHANGHAI SHARE, QUOTATIONS..
9th Decembe, 1909,
COMPANY.
Banks.
Fongkong & S'hai... National of hius... Russo-Chinese..
Insurance:-
Union Society C'tan North-China
Yangtsze Assocn.
Canton
Hongkong Fire... China Fire. Shipping:-
Indo China pref.
def. Shell Trans. ord
& Trading pref. S'hai Tug & pref.
Lighter
... ord Taku Tug & Lighter Kochien transport- ation & To Boat Docks & Wharves:-- Shai Dock & Eng..
H. & W. Dock S. & 'kew Wharf.. H, K'loon W. & G.. Yangtsze
Sugar Companies:-
Perak Cultivation... China Refining....... Mining:
Raub Australian Chinese Eng. & Min. Lands:-
S'hai Investment H'kong Investment
Anglo-French Plantations:-
Kalumpong Rubber Chempedak
S R'b Estates T. R. & T.Estate Co. Domini n Rubbers.. Shanghai - Sumatra
Tobacco
PAID UP.
QUOTATION
› $125 | $1,020, nom.
£6 R1874 T125
$112), sales
Tls. 125.
$100
$890, sales
£5
i'l 112), sales~
$60
$230, buyers
$50
$160, sellers
$50
$375, buyers
$20
$114, buyers
25
Tls. 45, buyers
£1
£3.81.
410
£11 0.0
Tls. 43, sellers
T59
'I'ls. 53, sellers
T50
Tls. 45, nom.
T50
Tls. 49, sales
T100
Tls. 764, nom.
$50
$50, buyers
1100
Tls. 128, Bellers
*50*
$624, -el ers
T100
Tls. 200, sales
T50
Tls 333, sales.
$100
$159, nom.
44
£1
Tls. $7, sellers
£1
Tis. 19, nom.
T50
Tls, 119, sales
$100
$103, sales
Humphreys Estate Weih-iwei
·China....
T10
$9, sellers.
T2
Tls. 9, nom.
50
Tls. 50, nom.
1100
Tis. 106, cales
T50
Tls, 230, buyers
Tis. 15, sale.
T100
T's. 340, buyers
1
Tls 18, sellers
T6
Tls 161, sales
T20
Tla. 126, sales
T50
Tls. 131 sales
775
Tis. 72, sellers
Laou Kung Mow...
T100
Tls. 100, se:lera
Soy Chees
T5.0
Tls. 4 5 selle s
H.C.S.W.D.Co.,Ld.
$10
$6, sales
Shanghai Cotton
T50
Tis 721, sellers
Eastern Fibro
210
Tls. 10, nom.
Industrial:-
Maatschappij, &c.,
Gs.100
Tls. 840, buyers
Th
Tls. 107, sales
7'5'
Tis. 521, nom.
T26
Tls. 15, 1om.*
T50
1ls. 58, sellers
T100
TIST 34 sales
$10
$74, sales
£2
Tls. 425, nom.
$100
$824, nom.
Hongkong, December 24th.
LONDON.- Telegraphic Transfer
T50
Tls, 231, nom.
.1/91
Construction......
£10
Bank Bills: on demand
1/9
Bank Bills, at 30 days' sight a. Bank Bills at 4 months' sight... Crédits, at 4 months' sight Documentary Bills, 4 mo...the sight. ON PARIS — -Bank Bills, ou deinant........... 226)
Cr dits 4 months sight...
1/98
China Im. &. Ex.
Lumber ...
ed.8.0-from.
TICO
Tls. 75, moin.
1/93
Shanghai Electric &
1/9.18
Asbestos
$25
201, com.
1/10
China Printing Co.
750
Tis. 50, nom.
Stores:
2
230
Hall & Holtz....
$20
$25, buyers
184
A. Llewellyn.....
$60
$65, nom.
A. S. Watson & Co.)
$10
$8, ellers
Central Or 'inary
$12
$15. buyers
Central Founders
$15
$400, buyers
1333
S. Moutrie & Co....
$50
$40 nom.:
Weeks & Co...
$20
$254, xd, buyers
1332
Lane, Crawford & Co.
$100
$165; sales
75
Dunning & Co.
$50
$35, nom.
751
Hotels:
Astor House Hotel
$25
$20, sellers
88
:.881
Hongong Hotel Co.
$50
$75
Misc llaneous :-
108號 81
▸
S'hai Horse Bazar.......
T50
Tls. 55, nom.
4.pm.
S'hai Mercury
T50
ls. 55, Luyers
8 p.. pm
S'hai Mutual Tele.
T50
Tis. 66, sales
851 ....811.10 ...$57.90 241
Dalias Horse
Re-
pository
ΤΟ
Tls. 25, nom,
EXPORTS
CAMPHOR
HANGKONG, 23rd December—The above market is at a standstil, and prices remain as last quʊted.
EXCHANGE.
ON GERMANY.-On demand.
ON NEW Y、RK. Bank Bills, on demand437
Credits, 60 days' sight
.:45 ON BOMBAY Telegraphic Transfer 1337
Fank, on demand. ON CLCUT A.- Telegraphic Transfer...133)
Bank on demaud SHANGHAL-Bank, at sight Private, 30 days' sight OK YOKOHAMA,-On lemănɖ ON MANILA.— On demand ON ING PORE.-On Demaò i. ON B TAVIA-On den and ON TH©NG.–On demand. SAIGON,-On dema d
"
ON B NGOK.-02 deman! SVEREIOS, ank's Buying Rate. GOLD LEAF 100 fine, per tal BAR SILVER POɔ2.
Cottons, elc:--
Ewo....
Internationals
in Lingkat.. Shanghai Gas
Major Brothers. Shanghai Ice... China Flour Mill.. S'hai Pulp & Paper Green Is, Cement............ S'hai Waterworks... Anglo-Ger. Brewery. A. Butler Cement,
Tile Works Shanghai Electric
❤ Hotel Jesolonies T12,50 | Tls. 4, sale;
J. P. BISSET & Co.
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