THURSDAY JULY 5, 1923
COMMERCIAL
HONGKONG NOTES AND
COMMENT.
PIECEGOOD AUTIVITY.-
THE CHINA MAIL.
good feeling continues in the piece LATEST SHIPPING NEWS. goode trade and some active spoon fation is beginning in the new lines Just coming on.”
PIROM GOODS.
Denters still are clamoating in the indent market for all stuff as it arrives and oven have shown a Some of the piecegoods ordered readilace to pay fair advances. for this fall bave already arrived in Lower exchange, however, makes the Colony, which is considered a forward business rather more of a The undertone is very little earlier than nsual. Ordinarily, gamble. this would not bavo much effect on firm. the market but this year dealers have commenced trading in winter
COTTON, YARN, ETC. Local Cotton.-The market now
Tungchow Shanghai Sheusi .....
Tis. 40.80
87.50 30.50-41.00
Hankow.......
If 97.00 Yarn.A few sales have been re- ported on an improved market, but businoes still in very elow.
goods. Some of the standard lots is very steady and the latest quota and especially well-known chopstions are:-- bave changed hands. However, it oppoardhe if a little speculation has been going on as a few lots known to be favoured were sold soveral times. In Hongkong's piecegoods businese-as far as the Chinese dealer is concerned-bona fide busi-
American Cotton. After a week nesa is confined to sales by the large dealers (who indent through the in which advances were more gen- European firms) to customers who erul, the New York markot now is either re-ship the gooda to South steady and the quotations on Thurs- China or dispose of them retail in day we :- the Colony. During the last few dava, a few brokers have had con siderable patronage in orders to buy and then re-roll. These transactiona are undoubtedly more or less in the nature of a gamble although there is an explanation that they -- are foolens as to the trend business will take. Original holders all managed to dispose of their lots at a fair to good profit.
EXPORT.
Spot July
October
December January March
28.55 conte.. 27.80.
"
24.00
24.88
24.05 24
#
The Liverpool market also is steady and the quotations on Thursday wore-Middling Ameri- can, spot, 16.3fd.; July, 15.18d.; October, 13.634.
Indian Cotton-In sympathy with the other markete, that at Bombay also is steady. Thursday's quotations were -Bengal (July), Rs.447; Oonira (December/Janu- ary), Rs.437: Bronch (July/August)
LIVERPOOL EXPORTS.
Quite a number of the Chinese export dealers report that there have been enquiries for feathers, rattan-core, anissed-oil, etc. Those Rs.520. are the smaller items of China pro- duce exported, but nevertheless, cultivated by the more conserva-
The following are details of cotton tive firms, as there is always o steady demand for them. Regular goods entered for export from the ehipments are made by exporters port of Liverpool during the week with connections, in the nature of ending May 24-
routine work. It is reported that a
lot of aniseed oil has just been sold!
for London at about $86 on the
customary terms and qualifications.
JAPANESE GOODS.
Bombay
(000's omitted)
-Mice Goods-
1,09
ARRIVILA.
Kalfo Mari, (0.S.K.) from Kee tung, Swatow-Co's Wharf.
."-
SHIPPING:
CARGO INSURANCE"
* MARKET.
GIRL PIG BREEDERS.
PEDIGREE CALVES FOR YOUNG FARMERS CLUBS.
Stamper-
MODERN TYRANNY
PURITANS, PRUDES, AND FADDISTS)
Whitsun vacation, Tonnage on the spot is not plentiful, and a handy boat at Rosario secured the recent maximum pf 30s. 3d, followed by 318.3d. for June.Present indications are on the basis of 28s. gd for early June. Shippers at Montreal have
The first Young Farmers Calf Mr. E. S. P. Haynes's "Enemies chis (Douglas) from Foo Several very serious claims on roured cheaper. spare, at down Club of the Jersey breed held their of Liberty (Grant Richards, 6s.)
marine Insurance policies to a 3d. for Mediterranean distribution at Northease Farm, chow, Swatow. Co's Wharf,
"Affittal, (Kwong O) from Fort account of hook-damage have re and 2 cents- for Greece, but Rodmell, near Lowes The young a spirited and convincing criticism
cently. come forward Most people nothing transpired from the Range. Bayard, Macao-Co's Wharf.
Tajszema,(Yan Fat) from Kwong thought that book-damage had American coal rates were decided-members of the club were de of the prudes, prohibitionists, Com- censed to be a serious menace to ly easier failing competition of lighted with the calves allotted to munists, and other busybodies, who Chow, Wan. Co's Wharf.
Haitan, (Man Ming) from Hol- underwriters, but with claims grain, and for the French Atlantic them by the generosity of the are trying their best to make life how-Yaumati
sometimes amounting to a hundred several steamers were fixed at from members of the South-Eastern Seistan, (Kuen Seng) from or more pounds, there is little room 33 down to $250, with West Italy Jersey Club. The club is promoted intolerablo in England and the
for complacency. It is rather
in fact, he thinks is now from the as against $4 a week ago...
All of the animals were pure- Saigon.--856,
Levant Arrow, (St. Oil) from San curious that hook-damage should represented at from $3.75 to $3.65. miss Byng Lucas and Mrs. United States. Our greatest peril,
still remain an insurable "peril." In the East India hold steady at bred Jerseys of first-class quality, professed philanthropists: Francisco-Lalchikok
In England there has always Kaiping, (Sing Kee) from Hai- It crept into cargo fasurance poll around 285, 6d, on d.w. from Bom and the young enthusiasts should
cics during the war and has re-bay or Karachi and 275. scale terms phong, Pakhoi-West Point,
Kiangsu, (B. & S.) from Bangkok, mained there ever since. Appa- from Karachi, the supply of tong get good results. This is the first been a certain amount of aristo- parson; but to-day this is insigni bred cattle, rently carters, specially in the age being on the short side, with club to be formed that has all pre-cratic bullying by the squire or Swatow.BII,
The Young Farmers' Pig Club at Acant as compared with the crude Tottor Maru, (N.Y.K.) from United States and Canada, delight owners reserved. The Danube and in handing a bale of piece goods Elack Sen ports showed more Yokohama, Shanghai.-A30,
Taishun, (C.M.S.N.) from Shang-with the aid of double pronged activity on the basis of from 205: Wootton Bassett, Wiltshire, which Puritanism of many Labour mem- hai-Co's Wharf,
hooks, and the underwriter pays for to 22s, from the former and from was promoted by Messrs. C, and T. bers and the incessant interference
its third year.
affairs of the individual.: the inevitable damage. Another 18s, to 20s, from the latter, basis Harris and Co., has just completed of plons persons with the private matter which is seriously troubling U.K. Continent."
The winner of the first prize pigkeeping is Miss L under writers is the large number of claims on parcel post trafic directly
points. The value of the two attributable to negligence on the RECORD WORLD'S CRUISE. Hopkins, who made a gain of 75 pigs when first given to her was part of foreign Customs officials in reclosing packages after examina
Curios of every description re£3 108., and their value when killed tion. This particular example of presentative of various parts of carelessness is most common in a the world were to be seen on 10s. Bd., showing a profit of The second prize was won by Taksang, (J. M. & Co.) for Now-few Continental countries and in board the Cunard Liner" Laconia" £5 10s. 3d.
most of the States bf South
(Captain F. G. Brown Miss M. D. Hopkins, who gained chwang, Swatow,--July 5.....
uneran Maru, NY.K) for America. There cannot be much R. D. R. N. R.) on her arrival 70 points, The pigs cost £4 23
doubt that watchfulness on the part
at Liverpool récently.
and when killed were valued at Van Cloon, J.G.J.L.) for Amoy, of consigness, with frequent pro-Laconia" was returning to the £14 139. 4d, leaving a profit of Calcutta, Singapore-July 5.
tests to the people concerned Mersey after completing a most £5 6s. Itd. Swatow.-July 5.
The first prize for records was successful world tour, She left Amherst, (On Fat) for Holhow, whenever flagrant instances of
mishandling of cargo occur, New York last November with 340 won by Master C. Smith and the —July 5.
Hydrangea, (Chin On) for would have beneficial results, Swatow-July 5,
Kaying, (B. & S.) for Singapore, Swatow.-July 5.
Lok Sang, M. & Co.) from Shanghai, Swatow-Co's Wharf.
Preussen, (Arnhold & Co.) from Foothow-A30.
Scheer, (R. Brockelman) from Hamburg, Singapore.-K. Wharf,
DEPARTURES,
:
Cyclops. (B. & S.) for Liverpool, Saigon.-July 5.
Benvenue, (Gibb Liv.) for Yoko hama, Shanghai-July 5.
Levant Arrow, (St. Oil) for Kan kae-July 5.
Jade, (Kai Yu) for Haiphong, Pakhoi-July, 5.
Preussen, (Arnhold) for Ham- burg, Manila.-July 5,
for
The so-called Liberal Party no longer cares for individual liberty, It appears to represent nothing but a sinister combination of
· Puritanism and State Socialism; and in these respects it is really more dangerous than the Labour Party, which is manifestly more educable..
Among the worst enemies of freedom are the women faddists: I cannot help remarking that the only two women now in the House of Commons seem to spend their time in Introducing the despotism of the nursery into the political
but so long as the only action taken passengers on board, and after second by Miss B. Smith. Both Institutions of Great Britain. Lady.
by consignees is the provision of
extravagant claims the evil is bound to spread.
Underwriters are somewhat ap- prehensive of the conditions at present ruling in Bulgaria. The preparations which the Bulgarian Government aro. reported to be
making for war against the Mace
donians bode no good for the safety of traffic moving to Bulgarian des tinations or to Salonika. So far, there does not appear to be any additional war rate charged on
steaming through the Panama Canal proceeded to ports in China those members have shown a good
then to
India.
and Japan Ceylon and back through the Suez Canal and the Mediter rancan to New York where she arrived on Easter Saturday. During
profit on teeir pig-keeping.
OF COURSE "NOT.
A furrier was selling a coat to a
r-absence from Liverpool the Laconia has sailed nine seas, and lady customer. Yes, ma'am," he steamed over 36,000 miles. She is said, "I guarantee this to be passed through the Panama Canal, for years." not only the largest vessel to have genuine skupk fur that will wear but also the largest to have anchor "But suppose I get it wet in the ed in a number of the foreign rain asked the lady," what effect
Astor has plainly avowed her in-
tentions in this respect, and has said that she wishes to enslave men, in proportion to her affection for them.
The mischief of Prohibition.in the United States comes-in for
plain and spirited words from Mr. Haynes:
I should have thought that near- ly everyone in this country except Lady Astor and a few cranks would admit that Prohibition creates no
"Vickers" issues which are in de cargo to these, destinations, but harbours àt which she called. will the water have on it? Won't it. thing but every sort of anarchy and
fault.
The meeting was convened by Mr. Crisp with a view to formulat fing some plan to secure payment of
86 interest on these bonds. Mr. Crisp
60 said that a loan of $20,000,000 had
underwriters are watching their commitments very carefully,
Madam," answered the furrier, at Honolulu, when approaching, "I have only one answer. Did you the harbour, an zeroplane dropped ever hear of a skunk carrying an streamers of welcome on board. umbrella?"
Everywhere the "Laconia? was spoil." received with great enthusiasm and
The passengers on landing were' met by the inhabitants and decorat- Chartering operations haveed with garlands of flowers in ac cardance with the native custom.
-on the Chinese Salt Gabello, bat marked a further contraction both
FREIGHTS.
1,040 10,400
789
6,528 1,138
21 originally been talked of, secured
840
235
538
234
858
202
HONGKONG ....... Shanghui
115
50
1,022
$81
12
01
A
Despite the many announcements to he soon regarding the proposed Caletta byeott of Japanese goods, there. Karachi seems to be no sign of reduction in
Ceylon the import of small sundries and
Rangoon paper in the Colony for use in South
Straits Settlements... China, Manifests of ships coming in from Japan and river boats for Canton, etc. still comprise a great Japan...... nuy items of manufactured sun-t dries, in addition to the "marine Afries W.C.
Egypt delicacies" used to a large extent by the Chinese.
COMPANY MEETING.
:
Turkey Autralia and N.Z... Argentine U.S.A.
NORTH CHINA INSURANCE CO., LTD.
The 20th ordinary annual generist 'roeeting of shareholders in the North China Insurance Co., Ltd., was held Mr. Shanghai, last week.
1st
1,007 1,012 1,710 2,070 1,380 1,078 465 1684 1,072 1,850. $68 -1,075
Total all markets.... 85,010 17,028 Total presions week 42,851 18,658 Total month of April
(all porta)
-Bankers' Consortium,
town.
"
SUBTLE COMPLIMENT.
Why did you put the sign over
"It makes a good impression, your desk, 'This is my busy day?",
But it might give offence." *Not at all. It adds to a visitor's an influential constituent calls."
sense of importance, when I give hima cigar and tell hint I want a long chat with him."
hypocrisy, just because it sup presses every Enman impulse that makes for law and liberty.
But perhaps the worst of, fro hibition is that the American' people who used to believe in freedom endure it:
That to a lover of liberty is the sad thing about Prohibition, not e
that many people believe in It, but that it was allowed to happen, not
vigour or inclination to stand up and have it stamped out, not even those who spend their days blaspheming and evading it.
this scheme failed to gain the ap- in outward and homeward connec In the evening there was a concert, 2proval of the Foreign Office and tions, and the position is far from the feature of which was native -met, with strong opposition from the favourable to owners. In the music by massed bands from the answered Senator Sorghum, "when that no one seems to have the
At Port Sudas Captain former trade the inquiry for coal tonnage is now of hand-to-mouth Brown was presented with a hand- proportions and is likely to remain some Indian silver toa service by so until after the approaching holl the passengers as a souvenir of a days, and as hoats are offering more most successful cruise. plentifully rates, have further favoured shippers, though in the case of Mediterranean and South American discharge owders have successfully resisted additional: cuts in rate.
Mr. Crisp said that his group was Loan of a now "thinking of" a
4410,000,000 cured on surplus 41 Customs dues. In view of the large 25 American interente involved, one 18 half of this loan would be mined in 07 New York and one-half in London 77 The present note-holders would be 802 offered half the now issue, the second portion being offered to the public at £971 per cent..
..204,214 112,064 10,8ns
Meanwhile the political uncer tainty in Europe is regarded as the A proposal for the formation of a handicap to grain chartering from committee of note-holders was car-Montreal, Northern States, and the riod. unanimously. The committee Plate, though in the case of the last
NIPPON LINES PROSPER.
FEW VESSELS TIED UP.
Japanese: shipping has almost completely recovered from the slump, and only eight steamers of more than 1,000 tons gross are still
of April was as follows; showing a decrease of 16 vessels and 20,947 tons in the course of a month - Steamers.... 139 Sailing vessels 160
Number Gross tons.
57,646 18,354
Total
.*** 299
76,000
1,000 tons
gross
8
25,827
THE CHINESE LOAN.
11. Martin Little présided, support.
Mr. Birch Crisp'a negotiations for is to consist of five members, two to named the heavy loadings arrang-ded up, their total tonnage being ed by Messrs. Wm. P. Lamble, F. W. Mangey, F. A. Kearton, T. & loan to Chim were discussed at represent the "Marconi" note hold-ed recently for May are proceeding 35,327. The Department of Com-Steamers above 3. Scott (Directors), and H. G. the meeting of the holders of the inge and three the "Vickers" note- satisfactorily and the general munications reports that the num Simms, general manager, and other Chinees 8 per cent. "Marconi" and holder, presided over by, Mr. Crisp, opinion favours a revival after the ber of tied-up vessels in the middle
shareholdere.
The Chairman said :-The results for the year 1921 are highly antis- factory notwithstanding the difficult conditions which existed as a result of trade depression and high run- ning cost. After paying an interim dividend of 15 per cent, and a bonus to Contributors of 20 per cent., the lance at credit of working sccount 1921, on 31st December, 1923, is Tls. 460,506.25, and your Directors recommend that this balance be dealt with as follows
A final dividend of 15 per cent. and the remainder to be transferred to underwriting reserve account, elosing the account for 1921.
As regards working account, 1922, continued depression in trudá and keen competition for what busi- Bese there was still continued to be factors influencing our results, but it is satisfactory to note that there is some evidence this year of. Telurn to a more normal experience.
The balance at credit on Blat December, 1922, was Tl.659,305.81 and it is proposed to pay out of this an interim dividend of 15. per cent. and a bonus to contributors of 20 cant, and carry the remainder forward.
Our reinsurance fund stands at the same bgure as last year, while there is a substantial increase in our underwriting reserve account,
Exchange and fluctuation account| shows a reduction compared with Inat year which is due to our book mate of exchange being taken at 8/5 against a book rate exchange of 47-. The general improvement in the market value of high class securities. refered to at our last annual gen- eral meeting has been maintained, and the market value is substan tially in excess of the value at which our securities appear in the
Bonipany's books-
BHANGHAI TRADE
NO Daily News of June
arity of poople agein een very atisfied with the business this week, for if
did not improve, at least, there
no appreciabla" falling off.
SD di cay WHARK
STONECUTTERS ISLAND
00
QUARANTINE
ANCHORAGE
DANGEROUS GOODS
ANCHORAGE
82 S
KWONG KIP LUNG
SUP AND WORKS.
COSMOPOLITAJ DOCK
WHARF
YAUMATI
BAY
"YAUMATI SHELTER
LUNG
HÙNG HOA
KAULUNG
$4000
"Democracy" as the author res marks, has always been the enemy of social liberty." This is a lively book which ought to be widely read, and its protest against the busybodies is sorely needed.
BRIDE'S LONG WAIT,
MAN WHO FORGOT-
THE HOUR
Two hours after the time fixed for his marriage a bridegroom turn” ed up at St. Mary's Roman Catholic Church, Kentish Town, and founda that his bride had returned home?^? The ceremony should have taken. place at 10 am, and the bride, as priest, and a registrar were at the church prompt to the hour: Timeż passed,. but there Was nos appearance of the bridegroom At 11% o'clock ✨ the ... registrar: left, and shortly afterwards the distressed bride also went homa. Then about midday the bridegroom appeared at the church, found no one there and proceeded; to the office of the registrar, where he announced that he had come to: be married. He was sent tơ findi the church officials, fresh arranges ments were made for the bride to be present, and the postponed: ceremony took place in the after
досп.
After apologising to all concern- red, the bridegroom told his bride; who was now smiling, that he had 'been so búsy in his shop that bes conld not get away and in the rush. forgot that he was to be married at 10 o'clock
HOLF":
WHARF
CUST.ROCK
PROY
CAUSEWA
WHARF
HE MADE SURE,
*** Are you stire," an anxida patient once asked-” are you su thất I shall recover). I have hear the doctors have sometimes ging a wrong diagnosis and treated. patients for pneumonia who after wards died of typhoid fever
You have been woefully mi informed," replied the physicia Indignantly. If treat a mat pneumonia, he dies of pneumont
Recently a keen demand sprung up for the flesh of cros donkeys in the Budapest: ball? The low prices these kinds of meat bar the attention of the nee class a populatione; economis
the relat for a rise in domk