The Archive · 1900

COMMEKCIAL INTELLIGENCE (From Messrs. Noel, Murray & Ca. Piece Goods Trade Report of 28th July.)

City of Tieststx seems to have very considerably damped the ardour of the insurgents, bat at the same time hus plainly Since the date of our last, to all outward appearances, ry little of any moment has occurred. The taking of the Native shown the secret peepstations that must have been "going on for the last year or two towards this present outbreak, which Completely dispels all idea that some of the high officials were not cognisant of it, if not actually concerned. Such treachery thoroughly deserves the severest punishment, and until chat has been meted out it will be useless forauyone to attempt anything in the way of mediation. 'The terrible fate' of those poor victims to the supineness of the foreign Governments, shut up as they were in that death-trap in Pekryc, is still x matter of controversy, the Native Olfivials keeping alive the faintest ray of nope by disseminating reports of the receipt of late news from the Capital, bat utterly failing to substantiate them when requested to do so by the Consuls Tore, who are consequently fully justified in taking the worst view of the situation and refusing to treat with any one who cannot, show properly authenticated credentials empowering him tu act. Thus the ree-prion of H.E. Li Husccuaxc on the st instant was of the coldest description, the members of the Consular body here having agree to quietly ignore his presence un he can give satisfactory proof of the safety of their Ministers.

Meanwhile, the military having arrived io sufficient numbers in the Norch to allow wi the withdrawal of some of the naval forces, attention is being paid to the security of this and other treaty Ports against any possibility of an outbreak. Better news is in from Newouwaxc, the position of affairs there being much more tranquil and the shipment of produce is being resumed. Curroo has also had its scares, but. is quite quiet again, the financial deadlock, however, has upset all business arrangements, is said that although " considerable part of Treststs City has been looted and burnt most of the Piece Goals Hongs have been left intact, but the loss of life amongst the civilians mast have been appalling. The fear of famine is now uppernist, and it cannot be averted unless large supplies are set up to take the place of the tribute rice, the shipment of which is now suspended. \vild rumours of impenting troubles in the YaNetz: Vawter have found ready and willing publishers amongst our local papers, but careful enquiries fail to find any ground for thenn—they are allowe? to stand, however, all the same. Nivevo is quiet again and trade reviving' Although the L M- Customs staff were sent back to Wescuow they were unable to land owing to the avy cessive attitude d ti ness of the officials to keep order.

Manufacturers and shippers in Maxcitesrer have come to the assistance of the trade and are suspending shipments as much as pestle The market is naturally quiet, and no doubt many are just as well pleased to let their looms fie idle so tong as Cotton ceps up as at present. After an advance of 3th during the interval the quotation in Liverroor hay recedal to St. The Export of Plain Cottons for the last two weeks was 9,000,000 yards. Frou weare still unable to get any ews, but arrangements upbear to have been mad" there also to delay the ship ent of goods. The Authorities there seem to have tumbled to it at Inst that it is not quite playing the game to let some one else 4 all the cutting while they simply eat the ake, and sothave decided to take their fair share in the attempted pacification of this trouble country.

'A strong demand for Yara for the River Markets and SzeckteN has been experienced, upwards of 5,000 Bales of Ixptas spinaings having found buyers at slightly better prices, but probably not mre than sufficient to cover the drop in the Hupee rate of Exchanze. In face of the very small supply here Javasest Yarn continues to advance, but anxious sellers keep the price for Locat, spinnings very low, All the Native owned Mills have now shut down and some of the Foreign are expected to so a0 shortly.

Stocks Careful enquiries amongst our Native friends #s to the quantity of stuck they were holling here on the 30th June has elicited the fact that, s0 soon us the troubles broke out in the North, and it was feared might spread even to SHANGHAI, large quantities of goods that had been paid for were taken delivery of and sent into the Country round about here for safety, and therefore were not Actually in stock, bat should be written off og local deliveries, although they have probably not yet gone into consumption. The stocks returned are consequently iv all probability more correct than was supposed possible.

Bonding. With reference te the remarks made in our last, we find the concessions made by the Customs authorities are altogether inadequate to meet the circumstances of the case. So far they have y granted Louded facilities to one tiutowa at the Olid Ningpo Wharf under very onerous conditions. When this is fall, which it will be in a week, the deadlock will be more intense than ever, We would suggest that the Authorities meet a Committee of business men and try and make exceptional arrangements for present exceptional circumstances. For the past quarter of 4 ceutucy, or more, all Foreign goods imported into Shanghai have beer landed at the iVharves under Bonds, by steamer Agents and Wharf Companies, that the goods shall not be delivered without a stampd permit having frst been obtained from the Customs, All that is wt present required ts for. the Customs to release, the steamer from the liability for Daty. as at present obtains under the reaties, and allow the goods to remain in such Gorowas us they have been placed in when the steamers arrive, and let th" Consignees pay Duty when they wish clearance of the goods; of course taking hontls from the Wharf Company that the goods are not delivered without the payment of Duty.

PIECE GOODS,—Although very few particulars have been reported sales of sorns 400 to 509 packages of erstwhile auction cargo have been made privately on about the same basis us there pertaining, but at gradually advancing rates. Ths trausuctions have been strictly for cash and have amounted to some 30 or 40 packages a day. These prices, however, are mush below the ideas of other holders, although some are quite willing to entertain elfers, say, two mace below replacing cost. "The money market is nominally easier, hut is really just as steingeut as ever, so that the dealers are unable to buy unless remittances f-om the country accompany the orders. Clearances have greatly improved, allowing that money is coming in The Ycex Foxe auction went decidedly better for both C tons ani woollens.

Grey Shirtings.—The7 Ibs. advanced from two to five candareens, while common 8.4 lbs. were only steady. The better makes, however, "aL advanced ye tu eight candareens. In the Heavy weights sales have been wade on the basis of 10 Ibs. Blue Drayon and 7 Children the Auction prices being steady to firm, as were those for the 12 Ibs, 36 incl goods, small aales privately being published of mize ut $2.82) and Rifle at ¥ 2 86.

White Shirtings.- There was u general advance at Auction, 64 and 72 reeds being two to four candareens higher, while the heavier makes went up tive candareens to one mace. 2 4P.. Cloths.—The usual few ut Y EX Fuse were vwo to four candareens higher for 32 inch and steally for 36 inch.

Jeans and Sheetings,—Mhe former declined slightly, but the latter were up five candareens.

Fancy Goods.—Ciearunces of Turkey Reds are improving. A farther advance took place nearly all of the Black Cotton Italians at auction.

Woollens.—The smal! quantity of these goods offered during the last few weeks is evidently beyiuning to tell, prices ut the ate tion on Thureday showing a decided improvement in everything.

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

Your account