5.6.5 6
COALS.—Arrivals have been light, but demand has been very slack, and there is nothin important to chronicle to-day. Rates generally are weak, Cargo quotations from ship hare Cardi,. 10 pet ton, nominal; is. 8.80 per ton, omit ton, nominal; Sydney, Mis 7.50 per ton 5 Newcastle, i. 7.75 0 7.50 per Tls. 8 per ton, nominal; American, Tis, 1 nominal; Japan, Tls. 8.75 a 5.35 per ton; Formosa, PREIGHTS.—Tonnage is wanted for the Coast and for Japan. From Newchwang to Hongkong and Whampoa 45 cents Mex. per picul is obtainable, and 42 cents to Swatow. Sailing ships hence with Cotton to Nagasalu, and back with Coals, are getting $3.60 per ton, The Golden Age is fully engaged with Cotton for Nagasaki and Hiogo at $1.25 and $2 per picul. And the Braemar Castle, shortly expected, fling up with the ence freightage for the Inter port and Yokohama, Home rates unchanged.
Engagements.—Mikado, Brit. sh., 643 tons, Shanghai to New York,—lay days—private terms; Lucerne, Brit. sh., 608 tous, New. chwang to Hongkong, 25 lay days—$0.424 per picul; Annie Muriel, Brit. sch., 215 tons, Shanghai to Nagasaki and back, 10 lay dayr,—$8.25 per ton oval; Alexandra, Brit. sch., 237 tons, Shanghai to Nagasaki and back, 12 lay days—$9.60 per ton coal.
COTTON.—Contrary to general expectation, the value of Cotton has risen materially. The late continuous heavy rains arr, accountable fr this) They have damaged the later picking, and prevented the eupplis reaching market ineuicient quantity to datinfy the demand that suddenly developed itself in the course ofthe last and present weeks. Moreover, the Hongs in anticipation of lower ra had contracted heavily for forward delivery. These. contracts have been maturing lately, and the Hongs have sustained. some leat tt implementing them. Large shipments have gone to Japan, on favorable prospects, evidently, as shippers have been paying high freights for tonnage. To Nagasaki, steamers are getting $1.25 per picul, and sailing vessels $0.75, and the Ping-on, s.8., filled up for Kobe at $2.00 per picul. The Szechuen dealers have also entered the market, and have run the prices of the fine to finest staple very high.
BX CHANGE.—A very quit business has tobe reported for the week, Bank paper is sil quoted Ge, 944, only a, small amount having been placed at be. Ofd. Credits to a fair extent have been done at 5s. 97d. a 5s. 91d., and Documentary at 3. 9{d., rate closing firm, Francs have been settled at 7.35, Rupees at 307}, and Drafts on Hongkong at 284 per cent. discount.
Text read from the printed page and cleaned; old type leaves the occasional error.