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January 9, 1895.]
and up to the close sales were conducted on a very limited scale, and only the merest shadow of a trade has been done, the market closing ex- || tremely depressed, with about 25,000 bales of unsold stock to be carried forward,
CHINA OVERLAND TRADE REPORT,
of the Japanese forces into the interior has closed the northern ports before the advent of winter. Nothing of importance has been heard of the operations of the four mills which were in course of erection last year, the war and its progress entirely engrossing the attention of the natives.
Prices ruled steady in the beginning of January and gradually continued to harden with Sales in Japan show a serious diminution and the end of April, when they stood at the highest it would now appear that the markets of that point of the year, best No. 68. being quoted at country have been almost lost to the India trade. $68, No. 88 $71, No. 10s $77, No. 18. $77. No.With the exception of one or two spinnings for 16s. 887, and No. 208. 895. Since then rates commenced to recede, and after some slight fluctuations values at the close of the year show a depreciation of $6 to $7 in Nos. 68 and 8s, of $3, to $4 in Nos. 10s and 124, of 814 to $15 in No. 168, and of $12 to $18 in No. 20. Exchange stood at Rs. 1791 at the beginning of the year and now close at about Rs. 187,
In the spring and summer importations were attended with some profit and more than cover- ing prices were obtained for the first five or six months of the year. After that receipts proved too general and overdone, and demand seldom gave importers much opportunity of regulating selling rates with costs, for the dealers, taught by previous bitter experience, confined their small and dragging purchases to actual require ments under country orders, and no amount of concession on the part of holders to effect sales would have induced free buying.
The most noteworthy feature of the market has been the prompt and steady clearance of goods from first hands during the past twelve months importers finding little or no difficulty in delivery of their contracts. Extreme cantion was observable in the dealings of native bayers. and the year passed off without any serious mishap, except the failure of a petty trader in July with liabilities amounting to nearly $10,000.
The products of no new mill has been intro- duced into our markets during the last twelve months; the mania for building mills, so far as the island of Bombay is concerned, has subsided, most of the leading spinnings having added weaving machinery to their concern for the manufacture of cloth for local consumption in anticipation of a gradually vanishing demand from China and Japan.
The spinning and weaving industry of India, particularly the latter, gives promise of a flourish ing trade this year, as in addition to the abundant outturn of the Indian cotton the yield of the new American crop has beaten all previous records, being roughly estimated at 11,000,000 bales as against 8,500,000, the largest outturn previously known, and New Orleans can at present be laid down in Bombay at somewhere about the rates ruling in that market for the best Indian staple. Extensive orders have been sent to America by most of the leading mill owners and it is an analagous case of sending coals to Newcastle. The turn of the trade may also lead to considerable manufacture of finer yarn than No. 208. in Iudia and it is not unreasonab'e to expect that the China markets will be more liberally supplied later on with the higher counts of Bombay spinnings than bas hitherto been the
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special requirements, the demand for imported yarn has been entirely superseded by local spin- nings, and with the cessation of hostilities with China the chanoss of the Indian yarn ever re- gaining its lost position in Japan are very re- mote. The mill industry of the country is growing space, there being at present no less than 60 mills comprising about 500,000 spindles.
The war of freights on the Bombay and China route is at present in abeyance, the temporary withdrawal of the Japanese steamers from the line, in consequence of the prevailing hostilities with China, rendering the existing competition too insignificant and nominal.
MARINE COURT.
7th January,
Berore Commandes R. M. RUMSEY, R.N.
-REFUSAL OF DUTY.-
Two seamen named Anderson and Hudson, of the British steamer Assam, were charged by Thomas Leigh, master of the said ship for that they did wilfully disobey the lawful command of the said master on board the said ship on the 5th January, 1895, in Victoria barbour.
At
The complainant said—I am master of the British steamer Assam. On Saturday morning last, at 7 a m., these men were ordered to turu to and they refused. The gunner went and told them to turn to and they told him they would not turn to. The gunner reported this to the chief offloor and the chief officer to me. 9.30 I had the men before me and they stated to me that their intention was not to turn to before breakfast which was at 8.30. I told them that as they had taken it upon themselves to refuse, I should proceed against them. did not ask them to turn to after they had once refused.
C. W. Hind said-1 am chief officer of the Assam. On Friday, 4th January, I found we had to work that night. I required these men in the work. At ten minutes past noon I sent them off duty. They went to work again soon after 7 p.m. and left off again between 11.30 and 12 midnight. At 6.3) a.m on the 5th they were called, and at 7 am I told the boatswain to turn them to. They sent up word that they were not going to turn to.. At 930 I reported them to the captain.
At
Harry Bindy said-I am a gunner on the Anam. On Saturday morning last the chief officer at 6.45 told me to turn the A.Bs. to. 7 s.m. I went to the cabin and told the two defendants to turn to. They both said they In this connection it may not be out of place were not coming on deck as they had been work- to mention the impost of 5 per cent, excise dutying late the night before. I reported this to on Indian cotton yaru and piece goods at the the chief officer.. end of the year by the Indian Governmeut to counterbalance the import duty levied at the same rate où English cotton yarn and piece goods. This will hardly interfere with exports of these articles from India to. China and Japan, as the same are protected by the provision of rebate on shipments to foreign countries.
The number of cotton spinning and weaving mills working and in course of erection in India at the close of June, 1894, was 142 as against 141 in 1893, running an aggregate of 31,154 looms and 3,694,736 spindles, sousuming 1,222,501 bales of cotton (392 lbs. to a bile), and giving employ. mout to 130,460 persons daily. The total amount of capital paid up is Rs. 103.222,683, of which Bombay alone has embarked a capital of Rs. 53,020,514 on its sixty-seven mills. One mill is in course of areo ion in the island of Bombay, one prospected and two in course of erection the Bombay presidency, oue in Bengal, and one in the central provinces. '
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By defendant Hudson-The answer you gave me was that you were not coming on deck as you had been working late the night before; nothing else that I know of.
I re-
Hudson in his defence said—At 4 a.m. on Fri- day I came on deck and worked to 12.30 p.m. From 1 to 2 p.m. was the dinner hour. mained below till 5 p.m., at which hour it is usual for work to be over. 5 to 6 was tea-hour and after that I sat in our cabin till 7 p.m., when I went on deck to work and remained at work until 11.45: When the gunner next came to turn me to, I said I was going to sleep on till breakfast time. At 9.30 I went on deck to go to work and the gunner had orders not to turn me to, and yesterday the same charge not to al- low me to taru to.
Anderson said that it was an accident and
HONGKONG JOCKEY Club RACE MEETING, 1895.
The following is the programme of the forth coming Race Meeting:
FIRST DAY, Wednesday, 20th February. The WONG-NEÏ-CHONG STAKES; a swoopstal
of $1 each with $100 added; for Chins ponien; weight for inches as per sosle; subaoription griffins of this season, 1894-95, allowed 7 lbs., and anbscription ponies of sonnum 1893-94 allowed 5 lbs. Half a mile, The ASHLEY CUP: presented by D. R. Samsoes,
Esq.; for China ponies; entrance fees to to the winner; second pony to reosive weight for inches as per scale; entrance One mile.
The HONGKONG DERBY; a sweepstakes of each; half forfelt if declared on or before of closing entries, with $500 added for: pony and $100 for second; for China bona fide griffus at date of entry (Saturda 19th January, 1895); first pony, 70 per of the entrance fees; second, 20 per third, 10 per cent; weight for inches scale; one mile and a balf. The FUOCHOW CUP; value $200; presented the Foochow community; second pony receive $50; for Chibs ponies; weight for ches as per scale ; entrance $5. Two miles. The VALLEY STAKES; a sweepstakes of $5
with $100 added for winner; second pony receive 850; for subscription grimas of this season, 1894-95; weight for inches as per scala. Three-quarters of a mile.
The LUSITANO CUP presented by the men of the Club Lusitano; second pony to balf the entrance fees; for Chins weight for inches as per scale; previous ners at this meeting 7lbs. extra, subsori griffins of this seasons, 1894-95, allowed 71bs.s entrance $10. One mile and a quarter. The CANTON CUP: value $200; second pony to receive half the entrance foes; for China ponies bona fide grimas at date of entry (19ta January, 1895); weight for inches as per sande winners 7lbs, ex:ra; entrance $5. One mile The HONGKONG CLUB CUP; presented;
pony to receive half the entrance fees China ponies; weight for inches as per entrance $15. One mile and a half. The COMPRADORES' CUP; presented;
pony to receive half the entrance foën subscription griffins of this season, 1894 weight for inches as per scale; winner Valley Stakes 5 lbs. extra; entrapos $5. mile.
The ENCOURAGEMENT STAKES: 8 Sweepstake of $5 each with $100 added; for subscriptios griffins of this season, 1894-95; first pony to receive 70 per cent. ; second, second 20 per cent.; third, 10 per cent.; previons winners excluded, weight for inches as per scale. Once round.
SECOND DAY. Thursday, 21st February. The SCURRY STAKES, a sweepstakes of
each; for China ponies bona fide grifins date of entry; weight für inches as per sos non-winners allowed 10 lbs. Three-quarte of a mile
The EXCHANGE PLATE: presented by the
kers and Exchange Brokers of Hongkon aboond pony to receive $50; for China zonios weight for inches as per scale, bone griffins at date of entry allowed 5lbe: winners it this meeting 5 lbs. extra; entrance $10. One mile and three-quarters..
The PROFESSIONAL CUP; presented; aso
pony to receive balf the entrance fees; for China ponies; weight for inches as per scale; winners of one race at this meeting 7 lbả extra; of two or more races, 10 lbs. extra; previous non-starters to carry 12st.; entra $10. One mile and a quarter. The GERMAN CUP; presented by members the German Club; second pony to receive the entrance fees; for subscription grit this season, 1894-95 weight for inches scale; entrance $10 One mile and a queri
that he did not understand what took place as The JOCKEY CUP: value $150; second pony he was sleeping.
The Captain gave Anderson a good character. Anderson was discharged with a caution. Hud- son was sentenced to seven days' hard labour.
Sales in Shanghai show a falling off 12,841 bales as compared with 1893. The prevailing hostilities with Japan during the latter four mouths of the year and the vicinity of the port to the base of operations have greatly interfered with the progress of the trade, whilst the advano, | offosrn.
By the P. & O. steamer Sutlej there arrived fifty-seven Royal Marines and several navel
receive $50; for subscription ponies of season; winners excluded; to be ridden Jookeys who have never had a winning m previous to this meeting in Hongkong China; weight for inches as per scale: trance $5. One mile.
The FLYAWAY STAKES; a sweepstakes of
each with $100 added; for China ponies; for inches as per scale subscription pos