The Archive · 1871

Straits Produce and Sugar

There is no business owing to the scarcity of Sycee.

METALS.—Nattrop [rox.—Owing to the tightness of the money market we have not a single transaction to record, and quotations are nominally unaltered.

COALS. ye market is quiet but firm. The arrivals have been chiefly from Japan and the high rates demanded have rather checked Len mgg The cargo pay also limits business, stringency in the money market FREIGHTS.—The demand for the South continues and available vessels are wanted. On the whole, however, the market is less active. From Chinkiang to Whampoa, 45 cents has been accepted. To Foochow and back $4.75 ton. From Chefoo to Swatow 42 cents per picul.

CCHANGE.—We note an unusual state of things. At our dullest season for trade, exchange attains almost the highest point. since tthe year 1870. In the middle of June of that year the quotation for Bank paper 6 months Tight was 6s. 4d.—to-day it is 65, 34d. First class credits to Banks 6s. 44d., to private buyers 6s, 44d. Private and Documentary 6s. 4id. On India no quotations. On Hongkong Bank, demand, 30 discount; 15 days no quotation. Mexican dollars Sh, Tls. 74.10 per $100.

17 138 per piece 1.8.7

180

Hanpexnouters, Blue 28in. p dz. 0.6.0

Text read from the printed page and cleaned; old type leaves the occasional error.

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